Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Markets/Coverages: Novatae Risk Group Launches Misc. Pro Liability Program
Nov 6 2024 // Novatae Risk Group, a managing general agency, program manager and wholesale brokerage, said it has launched its new miscellaneous professional liability program with a focus on fast quoting for brokers and exceptional...
Vienna Insurance Group Launches Specialist Cyber Security Company
Nov 4 2024 // Vienna Insurance Group has launched a specialist cyber security company focused cyber risk management for small and medium-sized companies. Called Cyber Risk Solutions GmbH (CyRiSo), the company provides comprehensive...
Markets/Coverages: IQUW Launches Financial Institutions Product in Australia
Nov 1 2024 // IQUW, the London-based property and specialty re/insurer, has announced that its financial institutions (FI) product, FortiFI, has launched new wording for the Australian insurance market. Launched in the US earlier this...
Markets/Coverages: Howden Launches Cyber Solution With Chubb, LSM and Mosaic
Oct 31 2024 // Howden, the London-based insurance intermediary group, announced the launch of Howden Safe+, a cyber insurance solution aimed at clients with revenues between $250 million and $2 billion. Safe+ simplifies the procurement...
People Moves: Huntington Launches Insurance Focused Marketing Program
Oct 31 2024 // Ted Huntington announced the launch of a new national coaching enterprise, dedicated to helping insurance marketing, communications, public relations, and advertising professionals elevate their careers. Huntington brings...
Markets/Coverages: Hartford and Coalition Announce Cyber Capacity Partnership in UK
Oct 29 2024 // The Hartford and cyber-MGA Coalition announced a strategic, long-term capacity partnership in response to growing customer and broker demand for Coalition’s active cyber insurance approach in the UK market. The new...
People Moves: The Hartford Announces Leadership Appointments In Global Specialty
Oct 29 2024 // The Hartford, headquartered in Hartford, Connecticut, has expanded Michael Garrison’s role to include the international division in addition to his current responsibilities as head of the company’s U.S....
People Moves: Liberty Specialty Markets Promotes Mahida to Head of 3rd Party Claims UK & MENA; Howden Re Announces 4 Senior Appointments in Germany
Oct 24 2024 // This edition of International People Moves details appointments at Liberty Specialty Markets and Howden Re. A summary of these new hires follows here. Liberty Specialty Markets Promotes Mahida to Head of 3rd Party Claims...
Markets/Coverages: Lloyd’s Launches Disaster Resilience Vehicle for Small Island Developing States
Oct 24 2024 // Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has launched disaster resilience vehicle with the United Nations Capital Development Fund (UNCDF) to deliver disaster risk financing to...
California Department of Workers’ Comp Announces Temporary Total Disability Rates for 2025
Oct 22 2024 // California’s 2025 minimum and maximum temporary total disability rates will increase on Jan. 1, 2025, the Division of Workers’ Compensation announced. The minimum TTD rate will increase from $242.86 to $252.03,...
Markets/Coverages: Coalition Launches UK Clawback Service to Recover Money Stolen in Cyber Attacks
Oct 18 2024 // Coalition, the San Francisco-based cyber managing general agent and cybersecurity firm, has become the first cyber insurance provider in the UK to launch a service dedicated to recovering funds stolen by cyber...
People Moves: Tokio Marine HCC Appoints Perez to Launch US Excess Casualty Business
Oct 17 2024 // Tokio Marine HCC (TMHCC), based in Houston, Texas, has announced the expansion of its specialty product offering with its entry into the Excess Casualty market. David Perez has been appointed as President, Excess Casualty,...
People Moves: Aon Reinsurance Solutions Announces New Senior Leadership Roles; Ryan Specialty Underwriting Managers Int’l Hires 3 in Leadership Team
Oct 16 2024 // This edition of International People Moves details appointments at Aon and Ryan Specialty Underwriting Managers International. A summary of these new hires follows here. Aon Announces New Senior Leadership Roles in U.S....
Markets/Coverages: QBE to Launch US Inland Marine With 3 Hires From AIG; Next Now Offers Standalone Pro Liability for Consultants
Oct 15 2024 // QBE International Markets will launch a new U.S. inland marine offering by 2025 across all 50 states as it expands its specialty product suite. The team and product will be added to QBE International Market’s growing...
Markets/Coverages: AEGIS London-Led Lloyd’s Consortium Launches $25M Miner Rescue Insurance Cover
Oct 10 2024 // The Lloyd’s insurance market’s only product writing cover for the rescue of miners trapped underground has more than doubled its available cover from $10 million to $25 million with a launch of a new consortium...
Munich Re Specialty to Enter Spanish Insurance Market
Oct 10 2024 // Munich Re Specialty announced it is entering the Spanish commercial market for primary specialty insurance, with an aim to begin underwriting in 2025. It has set up a Spanish branch of Munich Re Risk Solutions Ireland...
Amwins and Floodbase Launch Flood Insurance Program for California Municipalities
Oct 10 2024 // Amwins and Floodbase have launched a municipal flood insurance program designed to insure California municipalities against previously uncovered losses due to atmospheric river flooding. The flood program closes the...
Intersys Expands in UK Insurance Market With Launch of London Office
Oct 9 2024 // Intersys, the UK-based provider of cyber risk management solutions, announced its expansion in the UK insurance market with the opening of an office in Leadenhall Market in London. Intersys’ London office will serve...
Markets/Coverages: Beazley Launches Cyber Consortium for Large Corporates
Oct 8 2024 // Specialty insurer Beazley announced the launch of a cyber consortium that provides comprehensive cover for large corporates with a turnover in excess of $1 billion, infusing $100 million of new capacity into the cyber...
NCCI Unveils New, More Precise Workers’ Comp Medical Price Index
Oct 7 2024 // In recent years, workers’ compensation insurers have struggled to accurately gauge the precise trends in medical costs, and have had to rely on indexes that weren’t quite on-point: The U.S. Consumer Price Index...
