Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Integrated Specialty Coverages Launches Investor Property Insurance Program
Oct 30 2020 // Integrated Specialty Coverages (ISC), a program administrator developing insurance products utilizing artificial intelligence (AI) technology and analytics, has launched its Investor Property Program designed to address...
ReAlign Insurance Launches Summit Specialty Insurance in Nebraska
Oct 29 2020 // ReAlign Insurance Holdings LLC (ReAlign) has formed Summit Specialty Insurance Co. (Summit Specialty), a new surplus lines insurance carrier based in Nebraska. A wholly owned subsidiary of ReAlign Insurance Holdings Inc....
AXIS Insurance, Kennedys Law Launch Marine Cyber Product
Oct 29 2020 // Specialty insurer AXIS Insurance and Kennedys Law have collaborated on services for AXIS’ new marine cyber insurance product. This product offers coverage for the marine shipping market to protect against cyber...
Hanover Insurance Enters Maryland Personal Lines Insurance Market
Oct 27 2020 // The Hanover Insurance Group Inc. (THG) has expanded its business in Maryland to include personal lines insurance and appointed a group of independent agents in the state to serve its growing customer base. The Hanover has...
LifeSaver Mobile Launches on the Geotab Marketplace
Oct 26 2020 // Solution can help Geotab customers prevent employee phone use while driving. San Jose, CA and Toronto – October 26, 2020 – LifeSaver Mobile, a leading provider of fleet safety software, today announced the availability...
HDI Global Specialty Enters German Fine Art, High Net Worth Market with Hire from AXA
Oct 20 2020 // HDI Global Specialty SE is entering the German Fine Art and high net worth insurance market with the appointment of Dr. Alexander Wiebe from AXA. He joins the specialty lines insurer as head of Fine Art & Lifestyle...
Specialty Broker NARDAC Launches in California
Oct 19 2020 // Newport Beach, Calif.-based NARDAC Insurance Services was recently launched by Jatin Sharma and co-founding partners Bill Kost and Brandon Statton. The new brokerage offers general products and services with highly...
Maryland Auto Insurance Launches New Auto Insurance Fraud Initiative
Oct 16 2020 // Maryland Auto Insurance has launched an initiative aimed at combatting auto insurance fraud in Maryland. This comes as the FBI projects insurance fraud accounts for more than $40 billion in costs annually, according to a...
Insurance Acquisition Completes Shift Auto Retailer Deal; IPO Launches
Oct 16 2020 // Shares of Shift Technologies Inc. fell 6.7% in their Nasdaq debut on Thursday after the online used-car seller went public through a reverse-merger deal with blank check firm Insurance Acquisition Corp. Shift shares were...
INSTANDA Launches Cyber Insurance Product in Africa
Oct 16 2020 // INSTANDA, the customer and policy management platform for the insurance industry, has launched its first African insurance market product on its platform with newly onboarded client, Standard Bank South Africa. INSTANDA...
Swiss Re and Daimler Launch Jointly Owned MGA to Offer Auto, Mobility Insurance
Oct 12 2020 // Swiss Re and Daimler Insurance Services have entered into a strategic partnership for automotive and mobility insurance and launched a new managing general agent called Movinx. The aim of the 50/50 joint venture is to...
Munich Re Specialty Launches E&O Covearge for Mid-Sized Law Firms
Oct 12 2020 // Munich Re Specialty Insurance has launched a lawyers professional liability (LPL) insurance product, an errors and omissions policy specially designed for mid-size law firms. The LPL policy provides up to $5 million in...
North Carolina Enters Phase 3, Certain Businesses Allowed to Partially Reopen
Oct 2 2020 // North Carolina Gov. Roy Cooper announced on Wednesday that bars, amusement parks and movie theaters can partially reopen starting on Friday under a new Phase 3 order. The updated executive order that will remain in effect...
Lloyd’s Launches Biz Interruption Insurance Policy for SMEs, Led by Tokio Marine Kiln
Sep 30 2020 // Lloyd’s has launched a new “first-of-its-kind” business interruption policy for small-and-medium-sized enterprises (SMEs), specifically designed to protect them against IT disruption or...
Justice Department Set to Unveil Plan to Limit Internet Firms’ Liability Protections
Sep 23 2020 // The U.S. Justice Department will unveil later on Wednesday a proposal that seeks to limit legal protections for internet platforms on managing content, a person briefed on the matter confirmed. The proposal, which takes...
Simply Business, AXIS Launch Coverage for Home-Based Small Businesses
Sep 9 2020 // Simply Business, Inc., a digital insurance agency offering small business insurance policies on behalf of a panel of carriers, will work with AXIS Insurance on a new product intended for U.S. small business owners who...
Texas’ HIIG Launches New E&S Brokerage Business Unit
Sep 2 2020 // Houston International Insurance Group Ltd. (HIIG) has launched an E&S (excess and surplus) brokerage business unit to provide liability and property insurance products and services to the wholesale brokerage...
National E&S Launches COVID-19 Cleaning GL, CPL Coverage
Aug 25 2020 // National E&S Insurance Brokers has launched COVID-19 cleaning coverage with an “A” rated carrier specifically designed for non-fire/water restoration contractors who wish to perform COVID-19 cleaning and...
Alphabet’s Verily to Launch Insurer Focused on Employer Medical Stop Loss Market
Aug 25 2020 // San Francisco-based Verily, an Alphabet company, is creating a subsidiary, Coefficient Insurance Co., to compete in the medical stop loss market. The new business will be backed by Swiss Re Corporate Solutions, the...
One80 Launches Transportation Threat Protect Program for Commercial Auto Operations
Aug 21 2020 // One80 Intermediaries (One80), a national wholesale insurance broker and program manager headquartered in Boston, has launched the Transportation Threat Protect (TTP) program. TTP was designed to protect commercial drivers...
