Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Honeycomb, Digital MGA for Multi-Family Property Insurance, Launches with $3.3M
Jun 23 2021 // Honeycomb, a managing general agent (MGA) for commercial real estate insurance, announced its North American launch following a $3.3M million raise. Investors in Honeycomb (formerly Agilius) include from Phoenix Insurance,...
Acrisure Re Launches Cyber Reinsurance Division in Partnership with Kovrr
Jun 14 2021 // Reinsurance broker Acrisure Re has launched a London-based cyber division in partnership with cyber risk modeler Kovrr. Headed by Cyber Practice Leader Tom Quy, the new division will offer the market a fresh perspective on...
Bell and Clements Launches Intellectual Property Insurance for Law Firms
Jun 10 2021 // Bell and Clements Inc., part of Munich Re Specialty Insurance (MRSI), is launching an Intellectual Property Legal Professional Liability (IPLPL) product specifically designed for law firms of all sizes with 65% or more of...
Brit Launches Consortium to Simplify Underwriting of Marine War Breach Call Risks
Jun 3 2021 // Brit Ltd. announced the creation of a marine consortium called “Keel,” which aims to revolutionize the writing of marine war and breach call risks. Keel offers up to $152.2 million of capacity per risk and...
Willis Towers Watson Launches Sports and Entertainment Industry Group
Jun 1 2021 // Insurance broker Willis Towers Watson announced the launch of a Sports & Entertainment Industry Group to support sports & entertainment (S&E) organizations and entertainment professionals seeking to identify,...
Africa Specialty Risks Launches Parametric Underwriting Division
May 24 2021 // Africa Specialty Risks (ASR), the pan-African focused managing general agent, announced the launch of its parametric division, alongside the appointment of Dr. Raveem Ismail as head of Parametric Underwriting and Ian...
Africa Specialty Risks Launches Mauritius Reinsurer, Backed by PE Firm Helios
May 21 2021 // Africa Specialty Risks (ASR), a reinsurance managing general agent focused on the African corporate and specialty market, announced it has launched a fully capitalized and licensed reinsurer based in Mauritius. Alongside...
ISC Launches General Liability Program for Gig Economy Contractors
May 19 2021 // Integrated Specialty Coverages (ISC), a multi-line program administrator that builds end-to-end insurance products with artificial intelligence (AI) engineering and data analytics, has launched a new general liability...
The Entertainment Comeback Insurance Market Ready to Respond Despite Challenging Market Conditions
May 17 2021 // The ongoing effects of the COVID-19 pandemic continue to dampen the entertainment sector, but the industry and its insurance partners are gearing up for a comeback. In the U.S., the theatrical, home/mobile entertainment...
Taming ‘Live Cat’ COVID Events in the Entertainment Industry
May 17 2021 // In the early months of the pandemic last year, brokers just couldn’t place insurance for the entertainment industry. In late February 2020, underwriters began excluding communicable disease from all of the underlying...
Highland Insurance Solutions Launches Admitted Builders Risk Coverage
May 11 2021 // Managing general agent Highland Insurance Solutions has launched a builders risk product available on admitted paper for construction owners, contractors, developers and homeowners. Available in 26 states, the coverage is...
Experienced Insurance Provider Launches New Non-Standard Auto Program in Texas
May 4 2021 // IRVING, Tx., May 3, 2021 — Breckenridge Group has launched Breckenridge General Agency (BreckGen), a non-standard auto insurance managing general agency providing Texas insurance agents with a new outlet for affordable...
Beat Capital Launches Tegron Specialty for D&O; Names Navigators’ Shore CEO
May 4 2021 // LONDON – Beat Capital Partners Ltd. and industry veteran Paul Shore have opened a new underwriting vehicle Tegron Specialty that will focus on directors and officers insurance for publicly traded companies, specializing...
India’s Choice Group Launches Digital Insurance Marketplace ISMOS
May 4 2021 // India’s Choice Group has launched an insurance aggregator platform called ISMOS that will offer life, health and general insurance. Suyash Patodia, executive director of Choice Insurance Broking, calls ISMOS is a...
Wisconsin’s M3 Insurance Unveils M3 Elevate for Small Businesses, Individuals
Apr 30 2021 // Madison, Wisconsin-based M3 Insurance (M3), an insurance broker and risk management firm with seven locations throughout Wisconsin and Illinois, has launched M3 Elevate (Elevate), a new division that encourages small...
Houston’s Skyward Specialty Launches Healthcare Professional Liability Group
Apr 28 2021 // Houston-based Skyward Specialty Insurance Group Inc. (Skyward Specialty) has launched its Healthcare Professional Liability practice led by Brenda Craig, April Gilcreast and Chantelle Burton. Underwriting will focus on...
Integrated Specialty Coverages Launches Vacant Property Program
Apr 27 2021 // Integrated Specialty Coverages (ISC), a multi-line program administrator that builds end-to-end insurance products with artificial intelligence (AI) engineering and data analytics, has launched its Vacant Property Program...
Lemonade Revving Up to Enter Car Insurance Market
Apr 20 2021 // Lemonade, the insurance company that uses artificial intelligence and behavioral economics, plans to add car insurance to its current renters, homeowners, pet and life insurance offerings in the U.S. The insurtech...
South Africa to Launch Compensation Fund to Allay Vaccine Makers’ Liability Concerns
Apr 20 2021 // JOHANNESBURG – The South African government’s compensation fund to cover potential injuries from COVID-19 vaccines could cost around 250 million rand ($17.5 million) in the first year, the health minister said in...
Willis Towers Watson Launches ‘Radar Workbench’ for Commercial Underwriters
Apr 16 2021 // Insurance broker Willis Towers Watson has launched Radar Workbench, new software technology aims to transform the performance of frontline commercial underwriters. “Radar Workbench has been developed to provide the...
