Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Marsh UK Launches New “Fraud & Crime” Coverage
Feb 16 2007 // Marsh UK announced that it has “developed a pioneering new product addressing the fraud and crime risks faced by financial institutions.” Describing the coverage as “the only product of its kind,”...
Hanover Launches Marine Advantage Underwriting Team
Jan 31 2007 // The Hanover Insurance Group Inc. has developed a new unit of marine specialists designed to assist agents placing small volumes of inland marine business. The Marine Underwriting Advantage Team will offer agent partners of...
Agents can score with varied sports and entertainment industry
Jan 28 2007 // The leisure industry is big business, and insuring the wide variety of sports and entertainment activities and venues is an equally large opportunity. From rock-climbing walls and inflatables on-call for children’s...
Fla. Day 2: Senate Passes 25% Rate Cut; Citizens Would Enter Commercial
Jan 18 2007 // Two days into a special legislative session, after debating 20 amendments, the Florida Senate voted to pass Senate Bill 4-A, a measure which promises an average 25 percent premium cut to homeowners and lets Citizens...
London Market Reform Group Unveils 2007 Business Process Plan
Jan 15 2007 // The Market Reform Group (MRG) has produced its plan for continuing to modernize London market processes throughout 2007 and beyond. “Following full consultation with market firms, the plan sets out the group’s...
Progressive’s Drive Enters Mass. Commercial Auto Market
Jan 10 2007 // Drive Commercial Auto, part of The Progressive Group of Insurance Companies, announced plans to offer commercial auto insurance to Massachusetts business owners available exclusively through independent agents. With its...
AIX Group Unveils Program for Auto Physical Damage Cover for Trucking
Jan 10 2007 // Windsor, Conn.-based AIX Group Inc. announced a new program to provide automobile physical damage coverage to commercial trucking operations. This program will be targeting operations with above average loss experience and...
Markel Global Marine & Energy Launches Onshore Energy Property Division
Jan 10 2007 // Houston-based Markel Global Marine & Energy Inc. (MGME) has launched a new division, Onshore Energy Property, the company announced. Established Nov. 1, 2006, this new division will handle onshore property,...
Calif. Announces $295 Million in Additional Distributions to Executive Life Policyholders
Jan 5 2007 // California Insurance Commissioner John Garamendi has announced that the Department of Insurance has won a dispute over the distribution of proceeds obtained through litigation on behalf of policyholders of the failed...
Venture Insurance Programs Launches Independent Marketing Affiliate
Jan 2 2007 // New marketing communications firm targets non-competing program administrators and retail agencies West Chester, Pa.-based Venture Insurance Programs has created a new marketing communications firm, Vertibrands Inc.,...
Texas Mutual Launches Purchasing Groups for Health Care Industry
Dec 27 2006 // Texas Mutual Insurance Company announced two new purchasing groups: Hospitals of Texas (HOTComp) and Texas Medical Group (TMG). Both groups provide members with a competitive option for their workers’ compensation...
Commerce Group Entering N.Y., N.J. Personal Lines Markets Via State-Wide
Dec 27 2006 // The Commerce Group, Inc., the largest auto insurer in Massachusets, expects to enter the New York personal lines insurance market in 2007. Under the terms of the agreement, ACIC Holding Company, Inc., a subsidiary of...
The Hartford Enters W. Va. Personal Lines Independent Agency Market
Dec 14 2006 // The Hartford Financial Services Group, Inc. has entered the personal lines independent agency market in West Virginia. Products being offered in West Virginia through The Hartford’s independent agency channel include...
COUNTRYWIDE LAUNCHES AUTO PRODUCT IN COLORADO, ILLINOIS, INDIANA, NEVADA
Dec 11 2006 // Countrywide Financial Corp. announced that Countrywide Insurance Group’s automobile insurance product is now available to consumers in Colorado, Illinois, Indiana and Nevada. The product was first introduced in...
Countrywide launches auto product in Colorado, Illinois, Indiana, Nevada
Dec 10 2006 // Countrywide Financial Corp. announced that Countrywide Insurance Group’s automobile insurance product is now available to consumers in Colorado, Illinois, Indiana and Nevada. The product was first introduced in...
London American Announces Launch of Apartment Property Program
Dec 8 2006 // HOUSTON, TEXAS– London American Risk Specialists, Inc. is pleased to announce the immediate launch of an Apartment Property Program endorsed by the National Apartment Association. This program is available in the...
Atlantic Specialty Lines of Florida Announces Asset Acquisition of Gary Markel Surplus Lines Brokerage
Dec 6 2006 // (Clearwater, FL and Richmond, VA) …Robert M. Bryant, President, and Martin H. Kanipe, Executive Vice President of Atlantic Specialty Lines of Florida, Inc. (ASL – FL) and Paula Ross, Executive Vice President, Gary...
OneBeacon Enters Group AD&D Market
Nov 29 2006 // OneBeacon Insurance Group is entering the group Accidental Death and Dismemberment insurance market. Three industry veterans — Lori Cernera, Keith Firestone, and Stephen Mueller — recently joined the company to...
Grady & Associates Launches Web Site for Las Vegas Businesses
Nov 28 2006 // Grady & Associates Insurance Services, an employee benefits brokerage firm, has launched a new Web site (http://www.gradyandassociates.com) designed to be an online informational resource, helping Las Vegas businesses...
Countrywide Launches Auto Insurance Product in Colo., Ill., Ind., Nev.
Nov 28 2006 // Countrywide Financial Corp. announced that Countrywide Insurance Group’s auto insurance product is now available to consumers in Colorado, Illinois, Indiana and Nevada. The product was first introduced in Arizona in...
