Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Aon Launches Excess Liability Facility for Railroad Business
Oct 22 2013 // Aon Risk Solutions, the global risk management business of Aon plc, has launched Aon Rail Excess Liability facility. The insurance facility was created in response to emerging risks arising out of requirements in the Rail...
Florida Enters Era of Workers’ Compensation Market Stability
Oct 21 2013 // Florida’s workers’ compensation system has reached a rare state of rate stability, according to insurers and officials. The agency, the National Council on Compensation Insurance, filed for a one percent...
Colorado Launches Website For Flood Information
Oct 17 2013 // Gov. John Hickenlooper has announced a new website that will provide information about recovery efforts related to flooding in Colorado last month. The website, ColoradoUnited.com, includes recovery news, current...
MAPFRE Enters Indonesian Market with 20% Stake in ABDA
Oct 17 2013 // Spain’s MAPFRE announced that it has acquired a 20 percent stake in the Indonesian insurance company Asuransi Bina Dana Arta (ABDA), and “has established a partnership in which MAPFRE becomes the industrial...
Zurich Launches Side A D&O Coverage for Corporate Leaders in the U.S. and Abroad
Oct 10 2013 // Zurich has introduced a new Side A D&O policy that addresses the evolving litigation landscape and provides coverage for liability exposures in the global marketplace, including China, Brazil, Mexico, Japan and India....
Travelers Launches Online Cyber Risk Resources for Business Owners
Oct 7 2013 // Travelers has introduced a suite of online resources to help business owners navigate the growing threat of cyber risks while also protecting their assets and their customers’ information. The launch of the new...
Allied World Asia-Pacific Launches Primary Professional Indemnity Coverage
Oct 4 2013 // Allied World Assurance Company Holdings, AG announced that its Asia-Pacific platform has launched “Allied World AgilitySM Primary Professional Indemnity, a new product developed exclusively for the Asia-Pacific...
All Risks Launches Workers Comp Product for Agriculture Risks
Oct 4 2013 // The recently formed Workers’ Compensation Specialty division of All Risks, Ltd., has launched its second specialty class, WC for agriculture exposures. This unit will offer workers’ compensation through two...
U.S. Risk, Western World Launch Private D&O, EPL, Fiduciary Liability Program
Oct 3 2013 // U.S. Risk Pro, a division national MGA and surplus lines wholesaler U.S. Risk Insurance Group, Inc., and Western World Insurance Group have launched a new program for private company directors and officers liability. This...
Maryland Automobile Insurance Fund Launches Installment Payment Program
Oct 3 2013 // The Maryland Automobile Insurance Fund (MAIF) — the auto insurance market of last resort in Maryland — said its Installment Payment Plan went online on Oct. 1. This new option, which was passed and signed into law...
Guy Carpenter Launches Specialty Practice for Excess and Surplus Lines Carriers
Oct 2 2013 // Guy Carpenter & Co., a global risk and reinsurance intermediary specialist and member of Marsh & McLennan Cos., announced the launch of its new Excess & Surplus Lines Specialty Practice. Guy Carpenter said the...
Arch Insurance Group’s Contract Binding Operations Launch Excess Liability Capacity
Sep 26 2013 // Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., has increased limits of up to $5 million on its general liability coverage in the newly-formed Contract Binding Operations. The Arch Contract Binding...
Xchanging Launches New wifi service for London Insurance Market
Sep 26 2013 // Xchanging, the business process, procurement and technology services provider, has launched a free wifi service for the London Underwriting Center (LUC), home to many insurance businesses. The service will support the...
Fireman’s Fund Launches New Commercial Property Form for Highly Protected Risks
Sep 24 2013 // Fireman’s Fund Insurance Co. has launched Property-Gard Pinnacle, a new commercial property form that integrates new coverages and policy format with existing protection for highly protected risk (HPR)...
Travelers Launching Low Cost, Segmented Product in New Personal Auto Strategy
Sep 20 2013 // The Travelers Companies Inc. is adopting a new strategy to become more price-competitive in personal auto insurance. Travelers’ CEO Jay Fishman explained his company’s personal auto strategy at the Barclays...
Allied World Launches Admitted Lawyers Professional Liability Product
Sep 19 2013 // Allied World U.S. has launched a new admitted lawyers professional liability product: Allied World LPL Assure. LPL Assure includes provisions specifically addressing privacy and network security wrongful acts, with...
State Auto Announces Western Region Staffing Additions
Sep 18 2013 // The western region office of State Auto Insurance, based in Austin, Texas, announced additions to its regional workforce to support a growing small business, middle market and large account portfolio. The group has added...
Monitor Launches Enhanced Executive Liability Insurance for Private Companies
Sep 18 2013 // Monitor Liability Managers has launched a new executive liability insurance suite of coverages for privately held companies called ExecSuite. With ExecSuite, businesses can choose the coverage that best suits their needs....
Ryan Specialty Group Announces Merger of S.H. Smith & Co. Into R-T Specialty
Sep 16 2013 // Ryan Specialty Group LLC today announced that it reached agreement to merge S.H. Smith & Company Inc. into R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group. Terms of the transaction were not...
Freedom Specialty Insurance Enters Surety Market, Hires Albanese as VP
Sep 16 2013 // Freedom Specialty, with the backing of Nationwide Insurance, has expanded into the surety segment and named Antonio C. Albanese vice president of the new product line. Albanese will be responsible for building and managing...
