Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Markel International to Enter Surety Market in March 2017
Feb 16 2017 // Markel International, the London-based specialist insurer and subsidiary of Markel Corp., will enter the surety market in March this year, following the appointment of two senior underwriters with over 30 years’...
Palomar Specialty Launches Residential Flood Program in California
Feb 14 2017 // Palomar Specialty Insurance Co. has launched Flood Guard, a private flood program in California that uses an advanced and granular proprietary rating system. Palomar used catastrophe modeling firm AIR Worldwide’s...
International Drone Racing Association Launches Primary Coverage for Drone Pilots
Feb 13 2017 // I The International Drone Racing Association (IDRA) has launched a primary UAV aircraft liability insurance policy to cover drone pilots worldwide. Included with the rollout of IDRA’s membership service, each IDRA...
Gallagher Launches Manufacturers’ Cyber Solution to Close Coverage Gaps
Feb 9 2017 // Arthur J. Gallagher announced it has responded to the “perfect storm” facing manufacturers – a rising risk of cyber attacks, coupled with increased vulnerability and largely excluded exposures – by...
Marsh Launches Cyber Risk & Data Breach Cover for Non-US Clients
Feb 6 2017 // Marsh has launched Marsh CyberShield, an exclusive cyber risk and data breach insurance policy for mid- to large-sized organizations. Available globally to Marsh clients outside of the US, Marsh CyberShield can provide up...
ARC, Topa Insurance Launch Coverage for Post-Hurricane Losses in Florida
Jan 31 2017 // Topa Insurance Co. has formed an exclusive partnership with Assured Risk Cover (ARC) to launch StormPeace, an insurance product in Florida designed to protect insureds from economic loss incurred by a named hurricane and...
Encore Special Risks Launches Texas Preferred Homeowners Program on Spinnaker Paper
Jan 30 2017 // Richardson, TX, January 30, 2017- Encore Special Risks, LLC and Spinnaker Insurance Company have launched a new Texas Preferred Homeowners HO-B program, making superior quality coverage available to homeowners in...
Everest Insurance Launches Auto Buffer Coverage for Large Motor Fleets
Jan 19 2017 // Everest Insurance has launched an auto buffer product for U.S. clients with well managed motor fleets of 250 to 1,000 units. The product will be offered through a limited network of appointed wholesale brokers specializing...
BTIS Announces Launch of New Direct Bill Option for Victory Contractor General Liability
Jan 13 2017 // Rocklin, CA, January 13, 2017- Builders & Tradesmen’s Insurance Services, Inc. (BTIS) is pleased to announce the launch of BTIS DirectPay, the direct bill option for Victory Contractor General...
PURE Launches E&S Product for High Net Worth Homeowners in Florida
Jan 12 2017 // Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer designed for high net worth individuals and families, has launched PURE Programs, an excess & surplus lines...
BHSI Enters Canada Marine Market; Chubb’s Rider Tapped as Sr. U/W
Jan 11 2017 // Berkshire Hathaway Specialty Insurance (BHSI) announced it is introducing inland and ocean marine insurance in Canada and has named Gord Rider as senior marine underwriter. “We are pleased to welcome Gord to our team...
Kinsale Launches Liability Coverage for Educational Institutions
Jan 6 2017 // Kinsale Insurance Co. (Kinsale), a subsidiary of Kinsale Capital Group, Inc., is now offering educational institution (school board) liability coverage through its Public Entity Division. The division targets...
American Specialty Insurance & Risk Services, Inc. Announces January 1st Workers Compensation Program Launch
Jan 4 2017 // Fort Wayne, IN, January 4, 2017 – American Specialty, a recognized leader in Sports, Recreation, and Entertainment insurance, is proud to announce its new Workers Compensation program through Arch Insurance Company (A+...
XL Catlin Launches Active Assailant, Terrorism Threat Coverage
Dec 21 2016 // XL Catlin’s has launched Active Assailant, Loss of Attraction and Threat (ALT) insurance coverage to respond to the impact of terrorism or an active assailant attack or the threat of an attack on the operations of...
Enstar Launches Bermuda Specialty Reinsurer KaylaRe; Packer Appointed CEO
Dec 20 2016 // Enstar Group Ltd. has launched KaylaRe Ltd., a Bermuda-based Class 4 reinsurer, offering a diversified range of specialty reinsurance to the global insurance market. KaylaRe launches with initial capital of $620 million,...
Rutgers Law School in New Jersey Launches Project to Improve Homeowners Insurance
Dec 5 2016 // The Rutgers Center for Risk and Responsibility at Rutgers Law School in Camden, N.J., in collaboration with United Policyholders, is seeking to improve homeowners insurance nationally through its recently launched national...
American Specialty Insurance & Risk Services, Inc. Announces Launch of New Ice Rink Insurance Program
Dec 1 2016 // Fort Wayne, IN, December 1, 2016 – American Specialty, a recognized leader in Sports, Recreation, and Entertainment insurance, is proud to announce the roll out of its new Ice Rink industry program. Effective December 1,...
Insurtech Startup Trov Launches in UK, Offering On-Demand Coverage
Nov 23 2016 // The on-demand economy, which uses smartphone technology to immediately fill consumer needs, has changed the way people order food, a car, or a place to stay. Now, technology startups are targeting the next business...
Palomar Specialty, Cabrillo Coastal Launch Homeowners Program in Mississippi
Nov 22 2016 // Palomar Specialty Insurance Company has partnered with Cabrillo Coastal General Insurance Agency, LLC to offer coastal homeowners insurance in Mississippi. Palomar Specialty is currently offering homeowners coverage...
Starr Launches Site Selling Directly to Small Businesses
Nov 17 2016 // Starr Companies has joined a growing roster of insurers selling insurance directly to small business owners online with its launch of Starr Insure. The new digital agency currently offers property/casualty business owner...
