Latest New Markets Headlines

All the headlines from our New Markets Topic Page, ordered by recency.

Ride-Hail Firm Lyft Enters Race to Manufacture Autonomous Cars

Jul 24 2017 // Ride-hailing provider Lyft Inc., emboldened by public stumbles by larger rival Uber Technologies Inc., is taking the leap into developing its own fully autonomous vehicles. Lyft is opening a self-driving vehicle...

Castel Specialty Launches Global Construction Business

Jul 21 2017 // Castel Specialty, a division of Castel Underwriting Agencies Ltd., has expanded its portfolio with the launch of Castel Construction. London-based Castel Underwriting Agencies, part of Barbican Insurance Group, is a...

Travelers Launches Usage-Based Insurance App for Personal Auto Customers

Jul 18 2017 // The Travelers Companies, Inc. has launched IntelliDrive smartphone app, which gives customers insights into their driving habits and auto insurance priced according to how they drive. Customers who use the app and drive...

Munich Re US Launches Commercial Drone Operator Liability Endorsement

Jul 7 2017 // Munich Reinsurance America Inc. (Munich Re, US), has launched a new commercial drone insurance product that offers customized liability for insurance companies and their small-to-medium size businesses using drones under...

California Broker Launches National Expansion into Captive Insurance Market

Jun 29 2017 // Sacramento, Calif.-based Owen-Dunn Insurance Services has embarked on a national expansion with the launch of ODI Group Captive to meet demand from mid-size business owners for captive insurance. In addition to creating...

Kinsale Launches Liability Product for Public Officials

Jun 28 2017 // The Public Entity Division of Kinsale Insurance Company is now offering public official liability coverage that provides for damages and defense costs for wrongful acts alleged against a public entity, an elected or...

MGA Pen Underwriting Launches Specialist Cover for UK Construction Market

Jun 27 2017 // Pen Underwriting* has launched a new product to address the UK construction industry’s wide-ranging, complex risk exposures. Backed by “A”-rated capacity from specialist insurer CNA Hardy, the single...

The Hanover & Chaucer Launch Dublin-Based International Specialty Insurer

Jun 22 2017 // The Hanover Insurance Group, Inc. and its subsidiary, Chaucer, announced that they will form a Dublin-based company, Chaucer Insurance Co. DAC (Chaucer Dublin), to write international specialty insurance business. The...

Arthur J. Gallagher Launches Crime & Management Liability Cover for UK SMEs

Jun 21 2017 // Arthur J. Gallagher’s specialist Management Liability Practice has responded to the heightened risk of commercial crime facing SME businesses by creating tailor-made management liability and crime insurance products....

Arrowhead in California Launches Hard-to-Place Workers’ Comp Subsidiary

Jun 20 2017 // Arrowhead General Insurance Agency Inc. in San Diego, Calif. has launched a workers’ compensation wholesale brokerage arm that provides market access and specializes in harder-to-place risks and multi-state...

Hamilton Announces New Responsibilities for 2 Execs in Bermuda Business

Jun 20 2017 // Hamilton Insurance Group, the Bermuda-based holding company for insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, has announced two senior role changes in its Bermuda operations. Keith...

Markel UK Launches Media, Creative Industry Coverage

Jun 19 2017 // Markel UK has launched a package policy for media and creative industries that provides a wide range of covers to a broad selection of businesses, as well as access to a free debt recovery helpline, provided by solicitors...

Travelers Launches Online System in UK, Providing Quick Mgmt Liability Quotes

Jun 19 2017 // Travelers Insurance Co. Ltd. in the UK has launched a new online system that enables UK brokers to receive management liability quotes and bind coverage for their clients in a matter of minutes. Accessed through the My...

British Insurer Aviva to Launch Small Business Cyber Product

Jun 16 2017 // British insurer Aviva plans to launch a new product to cover small and medium-sized businesses against cyber attacks later this year as part of an expansion of its specialist insurance division, its chief executive for UK...

XL Catlin Launches New Contractors Pollution Liability Express Program

Jun 15 2017 // XL Catlin has launched its new Contractors Pollution Liability Express Program in the US and Canada for small to mid-size construction firms. According to Cathy Cleary, XL Catlin’s executive environmental...

MiniCo Launches Miscellaneous Professional Liability Program

Jun 6 2017 // MiniCo Insurance Agency has launched a miscellaneous professional liability insurance program to provide errors and omissions (E&O) coverage for a range of professional service providers. Rick Paladino will manage the...

Allied World Europe Launches UK Commercial Division

May 30 2017 // Allied World Assurance Co. Holdings AG has announced the launch of its UK Commercial Division. “Our clients tell us they need simple, affordable and flexible insurance solutions and our UK Commercial Division...

MGA Globe Underwriting Launches Marine Division with UK, Int’l Focus

May 23 2017 // Globe Underwriting, the UK-based managing general agent, has announced the launch of its marine division. The five-strong team is led by Peter Rogers, head of marine, and David Dymond, head of underwriting. They will...

AXA Launches Unit Focusing on Innovation, New Business Models with Phillips as CEO

May 17 2017 // AXA has appointed Joyce Phillips as chief executive officer of a new business unit dedicated to customer innovation and new business models. Phillips becomes a member of the management committee of AXA Group and reports...

The Hartford Launches Risk Management Platform For Large, Midsize Businesses

May 17 2017 // The Hartford has released a new risk management information system (RMIS) to address the evolving data needs of its largest commercial customers who are most at risk for loss. The new system – TREO | Track Risk. Explore...