Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
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...
Atlas General Insurance Services, LLC, Announces Its Expansion into Tennessee with Opening of Dedicated Marketing Office
Sep 10 2013 // San Diego, CA, 9/10/13 – Atlas General Insurance Services, LLC, a national multi-line program manager, is pleased to announce the opening of a dedicated marketing office located in Knoxville, Tenn. The new office will be...
Nautilus Insurance Group Enters Personal Umbrella Market
Sep 9 2013 // Nautilus Insurance Group (Nautilus) will begin writing personal umbrella and related coverages nationwide through a new office in California. Ann Boman-Clark has been named vice president, underwriting – personal...
Driveway Software Launches Smartphone Platform for Usage-Based Insurance Market
Sep 5 2013 // San Francisco-based , a provider of smartphone-based telematics products for the usage-based insurance market, has introduced its SmartUBI Platform, a complete insurance telematics platform which includes a smartphone...
Chubb’s Lloyd’s Syndicate Announces Cyber Security Offering
Sep 5 2013 // Chubb’s London office announced the availability of cyber security insurance through its Lloyd’s Syndicate, Chubb 1882. It is “based on Chubb’s successful US offering, the product combines...
Aon’s Impact Forecasting Launches Models for E. Africa Quakes, Mexico Floods
Sep 3 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched two new models: an earthquake model for East Africa and a new flood scenario-based model for Mexico reinsurers. East...
Ironshore Specialty Launches Simplified Excess Liability Policy Form
Aug 29 2013 // Ironshore Inc.’s Specialty Casualty unit has introduced a new policy form for excess liability risks to provide a more concise coverage option for insurance brokers and insureds. Ironshore’s...
Coventry Risk Specialty Launches Pay-As-You Build Construction Program
Aug 23 2013 // Coventry Risk Specialty, an MGA focused on the construction industry, has launched a new Builders Reporting Policy (BRP) product for the construction industry. Coventry is the countrywide exclusive underwriter and will...
UK’s Ascent Launches General Liability Coverage for SME’s
Aug 22 2013 // UK-based Ascent Underwriting, a Managing General Agent (MGA) specializing in emerging risks, has launched a general liability coverage extension to further enhance the cover provided to small and mid-market business...
Allied World Asia-Pacific Launches ‘Side A’ D&O Coverage
Aug 21 2013 // Allied World Assurance Company Holdings, AG announced from its headquarters in Switzerland the launch of its Asia-Pacific platform, “the Executive ForceField product to provide a new level of protection for company...
