Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
OIP Robotics and HyperScience announce partnership to bring data extraction to their automation portfolio
Sep 28 2021 // SCOTTSDALE, AZ, Sept. 28, 2021 — OIP Robotics, an Outsource Insurance Professionals entity, announced its partnership with HyperScience, bringing unmatched data extraction capabilities to their automation...
Ford, Walmart and Self-Driving Startup Argo AI to Launch Autonomous Vehicle Delivery
Sep 20 2021 // Self-driving startup Argo AI, automaker Ford Motor Co. and Walmart Inc. will together launch an autonomous vehicle delivery service in Miami, Austin, and Washington, D.C, the companies said on Wednesday [Sept. 15]. Initial...
Great American Insurance Launches Product for Home-Based Businesses
Sep 15 2021 // Cincinnati, Ohio-based Great American Insurance Group launched a new product offering designed for home-based businesses. The new product, HomeHQ, is an expansion of Great American’s online offering for small...
Cyber Re/Insurance MGA, Envelop Risk, Announces $130 Million Series B Financing
Sep 14 2021 // Envelop Risk, the UK-based cyber re/insurance managing general agent, announced a Series B investment of $130 million, led by SoftBank Vision Fund 2. The financing will facilitate Envelop Risk’s plans to expand its...
Mosaic and DXC Technology Launch Technology Platform for Specialty Insurance
Aug 20 2021 // Mosaic Insurance and DXC Technology announced the launch of an insurance technology platform that increases the speed at which specialty insurance is sold, underwritten and serviced. Together with DXC’s...
TechAssure Launches Cyber Threat Sharing Community to Fight Ransomware
Aug 19 2021 // TechAssure has announced a partnership with RiskAnalytics and ICE Cybersecurity to launch an exclusive cyber insurance option called The ShadowNet Program, a real-time, proactive cyber intelligence service. Using...
Lockton Re Partners with Nephila Capital to Launch Automated ILS Placement Solution
Aug 11 2021 // Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, announced a first-of-its-kind, digital capability called “Lockton Re SAGELink Automated Placement...
Africa Specialty Risks Launches Reinsurer in Bermuda
Aug 6 2021 // Africa Specialty Risks (ASR), the pan-African focused reinsurance group, announced it has launched a licensed reinsurer in Bermuda. The group will offer a full suite of products from its Bermudan reinsurer, including...
Sigo Seguros Launches Spanish-First Auto Insurance Product in Texas
Aug 4 2021 // Sigo Seguros, an auto insurance provider serving the Spanish-speaking community, launched its own auto insurance product in Texas that it says is transparent, affordable and natively available in Spanish and English. By...
Houston’s CrossCover Enters E&S Property Insurance Market
Aug 3 2021 // Houston-based CrossCover Insurance Services, a new managing general underwriter targeting middle-market commercial business, is entering the excess and surplus property market. CrossCover was established in partnership...
Mosaic Insurance Launches Transactional Liability Market
Aug 2 2021 // Mosaic Insurance began underwriting transactional liability coverage with a new product launched last month in the United States amid a current upsurge in mergers and acquisitions (M&A) activity. The global specialty...
Hippo Enters Commercial Insurance Market With Homeowners Association Product
Jul 23 2021 // Home insurtech Hippo is jumping into the commercial insurance market. The California-based managing general agency startup said its expansion will focus on “targeted commercial insurance” customers. Its first...
Ohio’s Westfield Launches Specialty Insurance Business
Jul 21 2021 // Westfield, a Westfield Center, Ohio-based super-regional property/casualty insurance company with a 173-year history, is entering the specialty insurance business with the launch of Westfield Specialty. Westfield appointed...
Coalition Enters Canadian Excess Cyber Insurance Market
Jul 15 2021 // Coalition, the San Francisco-based cyber insurance and security company, announced it will enter the excess cyber insurance market in Canada to help protect businesses with enhanced coverage. With the coverage, Coalition...
Omaha National Announces It’s Expanding Coverage to New York
Jul 14 2021 // Omaha National, a provider of workers’ compensation insurance, has announced it is expanding coverage to New York. By combining proprietary insurtech software with hands-on underwriting and claims management, Omaha...
Ryan Specialty Launches Initial Public Offering with 57M Shares
Jul 12 2021 // Chicago-based insurance broker Ryan Specialty Group Holdings has filed for its planned initial public offering. Ryan Specialty is offering 56,918,278 shares of its Class A common stock pursuant to a registration statement...
Consilium Unveils Delegated Underwriting Authority Services for Re/Insurance Market
Jul 9 2021 // Consilium, the London-based insurance and reinsurance broker, part of the Aventum Group, has unveiled “Exponential,” a new global delegated underwriting authority (DUA) service for coverholders, which aims to...
SiriusPoint Launches Specialty MGA Banyan Risk, Focusing on D&O Insurance
Jul 8 2021 // SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the launch of Banyan Risk Ltd., a managing general agent that underwrites directors and officers (D&O) insurance. The company has been...
MGA Rokstone Launches US$18M Marine Cargo Facility, Hiring Lloyd’s Veteran Birchard
Jul 6 2021 // Rokstone, the London-based speciality re/insurance managing general agent (MGA), has launched a US$18 million global facultative general marine cargo facility. Backed by A-rated global carriers, the facility includes US$5...
Howden’s Data Analytics Unit, HX, Launches Insurance Market Information Platform
Jul 1 2021 // HX, the data analytics and advisory division of London-based Howden Group Holdings, announced the launch of NOVA, a first of its kind insurance business intelligence platform, which enables users to better understand the...
