Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Midlands Management Enters Oklahoma Marijuana Insurance Market
Jul 31 2018 // Oklahoma City-based wholesale insurance broker and program manager, Midlands Management Corp., has introduced comprehensive coverage for the marijuana industry in Oklahoma. The Midlands program offers products liability,...
Security First Insurance Co. Enters Florida’s Growing Private Flood Market
Jul 30 2018 // A new carrier has entered the Florida flood insurance market with a policy it says will provide better coverage than what is available from the National Flood Insurance Program. Ormond Beach, Fla.-based Security First...
Flood Model Development Helps Hiscox Re & ILS Enter U.S. Flood Protection Market
Jul 25 2018 // Less than 12 percent of U.S. homeowners have a flood insurance policy, despite the fact that flooding is the country’s most common natural disaster, said Katy Sivyer, underwriter for North America and the Caribbean...
QBE, AmWINS Launch E&O Coverage for Architects, Engineers, Design Businesses
Jul 17 2018 // QBE North America has formed a partnership with AmWINS Program Underwriters (APU) to offer errors and omissions coverage for architects, engineers and design (A&E) businesses. The launch is part of QBE’s...
Workers’ Comp ‘Disruptor’ Launching in California for Injured Farm Employees
Jul 16 2018 // An insurtech startup says it will disrupt California’s workers’ compensation system with “technology-enabled triage and care coordination” for California Farm Management. ChronWell, a mobile...
Digital Workers’ Comp Agency Pie Insurance Enters 3 More States
Jul 16 2018 // Digital agency Pie Insurance has begun selling its low-cost small business workers’ compensation insurance policies online in Colorado, Louisiana and Texas. That brings the total states for Pie to seven; in March it...
Texas Mutual Announces 2 Workers’ Comp Fraud Convictions
Jul 13 2018 // Texas Mutual Insurance Co. recently announced that Marcos Ricoy of Harlingen, Texas and Enrique Colon of Deer Park, Texas, pleaded no contest to a felony charge of engaging in organized criminal activity involving...
Willis Towers Watson Launches Cyber Coverage for Construction Industry
Jul 13 2018 // Willis Towers Watson has launched tailored cyber insurance coverage for the construction industry. CyCon was developed in close cooperation with specialty cyber insurance provider NAS Insurance Services and is available...
Travelers Europe Launches Stand-Alone Cyber Product for UK, Ireland Businesses
Jul 9 2018 // Travelers Europe announced the availability of Travelers CyberRisk, a new standalone cyber insurance product for organizations of all sizes in the United Kingdom and Ireland. Travelers CyberRisk provides liability and...
Rebranded Liberty Mutual Re Enters U.S. Marine Market, Launches in Italy
Jul 3 2018 // Liberty Specialty Markets has rebranded its reinsurance division as Liberty Mutual Re, begun writing marine business in the U.S. for the first time, and is opening for business in Italy. Scott Johnson, formerly with Munich...
TMK Launches $100M Intellectual Property Facility with Aon, Lloyd’s Syndicates
Jul 3 2018 // Tokio Marine Kiln (TMK) has established a US$100 million intellectual property (IP) facility with global insurance broker Aon and several other Lloyd’s syndicates. The facility will be led by TMK and is one of the...
Neon Launches Copenhagen-Based Marine Business, Orca
Jul 2 2018 // Neon announced the launch of Orca Insurance Agency, a Lloyd’s approved coverholder which will underwrite Nordic marine business on behalf of Neon Syndicate 2468. Headquartered in Copenhagen and led by CEO Lars...
REIN, Liberty Specialty Markets Launch On-Demand Drone Coverage
Jun 29 2018 // REIN, an insurtech company providing insurance for risks posed by robotics, mobility and online ecosystems, has launched its first digital portal, DroneInsurance.com, offering drone insurance for commercial drone...
Aon Launches Intellectual Property Liability Coverage
Jun 28 2018 // Aon plc has launched a new insurance product designed to cover clients’ intellectual property liability, including patents, copyrights, trademarks, trade secrets and know how. This is the latest offering in...
XL Catlin Launches Specialty Aviation Insurance in Mexico
Jun 22 2018 // XL Catlin announced the launch of specialty aviation insurance in Mexico. The new product suite will initially focus on general aviation hull and liability risks. With an established presence in Latin America and aviation...
Aon Launches Updated Thai Flood Model to Support Underwriters in Market
Jun 20 2018 // Aon plc, the London-based professional services firm, has launched an updated Thailand flood catastrophe model to improve understanding of this peril and help insurers build resilience for businesses and...
Insurtech MGA Corvus Insurance Launches ‘Smart’ Cyber Coverage
Jun 18 2018 // Corvus Insurance, an insurtech managing general agent, has released a new cyber insurance offering for organizations with up to $1 billion in annual revenue. The new Smart Cyber Insurance product includes the features of a...
Digital Workers’ Comp Agency Pie Insurance Enters 3 More States
Jun 18 2018 // Digital agency Pie Insurance has begun selling its low-cost small business workers’ compensation insurance policies online in Colorado, Louisiana and Texas. That brings the total states for Pie to seven, as in March...
XL Catlin Launches Auto Terror Protect Coverage for Vehicle Terrorist Attacks
Jun 8 2018 // XL Catlin’s has launched a new insurance product for companies with fleets of vehicles which could be used as a weapon in a terrorist attack. According to Mark Steddon, senior underwriter, Terrorism & Political...
Westlake Launches Spot Insurance for Auto Dealers in California
Jun 8 2018 // Westlake Financial Services has launched the Spot Delivery Insurance program, underwritten by Knight Management Insurance Services, LLC, for its dealer partners in California. Westlake’s new Spot Insurance program is...
