Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
BHSI Launches Professional & Pollution Liability Coverage for Contractors
Feb 23 2016 // Berkshire Hathaway Specialty Insurance (BHSI) has launched Contractor’s Protective, Professional and Pollution (CP3) Liability Policy, which is available on a primary and excess basis for practice or project-specific...
Hiscox Launches E-Trading System for U.K. Commercial Brokers
Feb 22 2016 // After a successful pilot, Hiscox has launched Hiscox Trader, a new e-trading solution for U.K. commercial insurance brokers in partnership with insurance technology specialists Open GI London. The new cloud-based...
Farmers Insurance Launches Rideshare Coverage in Tennessee
Feb 17 2016 // Farmers Insurance has introduced rideshare insurance coverage for ride-hailing drivers in Tennessee. Mariel Devesa, head of product innovation for Farmers Insurance said Farmers has developed this Rideshare Insurance...
Liberty Specialty Announces Specialty Lines and Fine Art & Specie Appointments
Feb 12 2016 // Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has promoted Mike Gosselin to the role of chief underwriting officer for specialty, while also naming David Saillen as head of fine art & specie –...
Hartford Steam Boiler Launches Cyber Product for Mid-Size Companies
Feb 5 2016 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, has introduced HSB Total Cyber, a stand-alone insurance product that offers mid-size companies direct coverage for multiple types of data and...
UK’s Flood Re Secures $3B Reinsurance Program; Scheme to Launch in April
Feb 4 2016 // Flood Re, the UK’s new flood reinsurance scheme, has successfully secured a £2.1 billion ($3 billion) multi-year reinsurance program. Flood Re, based in London, will begin operating in April. In an oversubscribed...
XL Catlin Unveils Workplace Violence Coverage for Mid-Size Companies
Feb 4 2016 // XL Catlin has introduced a new insurance policy to help mid-size companies in the U.S. respond and recover from incidents of workplace violence. According to Denise Balan, Americas Head for XL Catlin’s Crisis...
Atlas General Insurance Services, LLC, Announces New Workers’ Compensation GoPay Billing Platform
Feb 3 2016 // San Diego, CA, February 3, 2016 – Atlas General Insurance Services, LLC (“Atlas”) will launch its new GoPay workers’ compensation billing system for policies effective on and after March 1,...
Schinnerer Launches Online Flood Program for Residential, Commercial Properties
Feb 3 2016 // Victor O. Schinnerer & Company, an underwriting manager, has launched Schinnerer Flood – an online program offering primary insurance for commercial and residential properties through the National Flood Insurance...
Aspen MGA Entering Texas Private Passenger Auto Market
Feb 2 2016 // Aspen Managing General Agency (MGA) announced it is entering the Texas private passenger auto market on March 1, 2016, led by industry veteran Paul Harrison. Aspen MGA is a division of Allstar Financial Group, an...
ISO Launches Management and Professional Liability Unit
Feb 1 2016 // ISO has launched a management and professional liability unit. The unit will spearhead new and revised coverage options as well as actuarial and analytics products for business and corporate risks. Joining ISO to lead the...
Chubb Launches Cyber Response Partnership with Crawford for Clients in Europe
Feb 1 2016 // Chubb has launched a new partnership with Crawford & Co., as it continues to invest in building its cyber enterprise risk management capabilities. A global leader in claims and crisis management, Crawford & Co....
Liberty Specialty Markets Enters Chinese Market via Lloyd’s China Platform
Jan 28 2016 // London-based Liberty Specialty Markets (LSM), which is part of Liberty Mutual Insurance Group, has joined the Lloyd’s China platform. LSM’s Underwriting Division of Lloyd’s Insurance Company (China) Ltd....
BHSI Launches Life Agent & Broker Dealer Professional Liability Coverage
Jan 28 2016 // Berkshire Hathaway Specialty Insurance (BHSI) has launched life agent & broker dealer professional liability insurance and named Atea Martin as head of claims. Underwriting of the new line is overseen by Paul Humel,...
Marsh Launches Global Excess Cyber Risk Facility Called ‘Cyber ECHO’
Jan 27 2016 // Marsh has launched “Cyber ECHO”, a global excess cyber risk facility that provides more reliable insurance coverage for organizations around the world. Following a series of high-profile cyber losses,...
The Main Street America Group Launches Personal Auto Program in South Carolina
Jan 26 2016 // The Main Street America Group has introduced Main Street Protection Auto, its new private passenger auto insurance program for the preferred/standard marketplace in South Carolina via its statewide network of independent...
OneBeacon Launches Coverage for Community Health Centers
Jan 21 2016 // OneBeacon Healthcare Group, a member of OneBeacon Insurance Group, has launched a new federally qualified community health clinics and providers policy, which provides additional protection for potential gaps in the...
Intact Insurance Launches Commercial Drone Insurance in Canada
Jan 20 2016 // Canadian insurer Intact Insurance has launched drone insurance for its commercial lines customers. This Unmanned Air Vehicle (UAV) coverage caters specifically to small and medium-sized businesses in Canada that currently...
Marine Insurers Cautious About Re-Entering Iran, Despite Lifting of Sanctions
Jan 19 2016 // Foreign oil tanker owners are expected to make a slow return to Iran despite the lifting of many sanctions as insurers tread carefully, leaving shipping players unwilling to pick up cargoes as quickly as Tehran has...
Automakers, U.S. to Unveil Safety Collaboration Pact
Jan 12 2016 // The U.S. government and a group of global automakers are set to unveil a voluntary agreement at the Detroit auto show on Friday aimed at improving auto industry safety and spurring culture changes, according to company and...
