Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Markets/Coverages: WTW Launches Primary Cyber, Tech E&O Facility for Int’l Clients
Feb 12 2024 // Insurance broker WTW has launched a cyber solution aimed at international clients headquartered outside of Great Britain and the United States with revenues up to US$1 billion (or the equivalent currency). The...
Pennsylvania Courts’ Cyber Battle With an ‘Unknown Opponent’ Enters Third Day
Feb 7 2024 // Pennsylvania’s court system is in a “virtual battle with an unknown opponent” that attacked and shut down key portions of the courts’ online services last Sunday and then again on Tuesday after they...
Markets/Coverages: Descartes Launches 1st Parametric Cyber Shutdown Cover in France
Feb 2 2024 // Descartes Insurance, the risk-carrying insurer formed in 2022 by climate-risk managing general agent Descartes Underwriting, has launched the first parametric cyber insurance for corporate clients in France. Described as...
People Moves: Probitas Names Botnick to Launch Canada Service Company; Liberty Promotes Boyle to Head of Energy, London; Hart Joins CFC as Head of Proactive Cyber
Feb 1 2024 // This edition of International People Moves details appointments at Probitas, Liberty Specialty Markets, and CFC. A summary of these new hires follows here. Probitas Appoints Botnick to Launch Canadian Service...
Markets/Coverages: Brace Underwriting Launches Brace USA
Feb 1 2024 // Brace Underwriting Limited recently announced the launch of Brace USA with Glenn Dorr as president and head of marketing, North America, reporting to Adam Holberry, Group CEO of Brace. Founded in October 2019 by group CEO...
Markets/Coverages: Howden Launches Carbon Capture and Storage Insurance Facility
Jan 29 2024 // Howden, the London-based global insurance group, announced an insurance facility that covers the leakage of carbon dioxide (CO2) from commercial-scale carbon capture and storage (CCS) facilities. The insurance facility,...
Markets/Coverages: MGA Sands Point Risk Launches With Transaction Liability Practice
Jan 24 2024 // Sands Point Risk, a new managing general agent to be led by the founder of transaction risk solutions at DUAL, has been launched to serve the transaction liability insurance (TLI) sector. Dennis Kearns, who founded the...
Markets/Coverages: CFC Launches Embedded Transaction Liability Insurance Product
Jan 23 2024 // Specialty insurance provider CFC has launched what it is calling the first ever transaction liability insurance product to be embedded into online M&A platforms in the USA. CFC is initially making its Seller Protect...
Markets/Coverages: Liberty Mutual Launches New Management Liability Package
Jan 22 2024 // Liberty Mutual recently announced ProShield, a packaged solution providing private companies and non-profits streamlined access to directors & officers, employment practices liability, fiduciary, and crime...
Envelop Risk Launches Cyber Reinsurance Lloyd’s Vehicle With Managing Agent Apollo
Jan 22 2024 // Envelop Risk, the data-driven cyber re/insurance and analytics specialist, announced the launch of Envelop SPA 1925, a dedicated cyber reinsurance special purpose arrangement (SPA) at Lloyd’s, in partnership with...
Alta Signa Launches European Marine Division
Jan 19 2024 // European boutique managing general agent (MGA), Alta Signa Europe B.V., announced the launch of a new European marine underwriting business. The new unit will focus on core marine lines of business, backed by Alta...
Tangram Enters Reinsurance Brokerage Market with SC-based Preferred Re
Jan 18 2024 // Tangram Insurance Services, an independent managing general agency based in California, has acquired Preferred Reinsurance Intermediaries in Columbia, South Carolina, marking Tangram’s entry into the reinsurance...
Markets/Coverages: Canopius Launches Investment Mgmt Cover for Asset Managers
Jan 18 2024 // Canopius Group, the global specialty re/insurer, has launched a new investment management product for asset managers. The product has been developed to respond to shifts in the risk landscape in the highly regulated asset...
Alliant in California Launches Student Health Specialty for Higher Ed
Jan 17 2024 // Alliant Insurance Services launched a student health specialty within Alliant Public Entity, offering student medical insurance for domestic and international students. The firm says its program helps higher educational...
Markets/Coverages: RSA Insurance and Brit Launch Project Cargo Consortium
Jan 9 2024 // RSA Insurance’s UK Specialty Lines business and Brit Ltd. have announced the launch of a new Project Cargo consortium, called “BUILD.” The consortium, one of the largest in the cargo market globally, is...
Markets/Coverages: Lloyd’s Announces 1st 144A Cat Bond on Its London Bridge Platform
Jan 8 2024 // Lloyd’s, the re/insurance marketplace, announced that the first 144A catastrophe bond has been issued on its risk transformation platform London Bridge 2 PCC Ltd. Beazley is the sponsor of the US$100 million...
Dyad Brand Launches to the P/C Insurance Market
Jan 2 2024 // Dyad, Inc., formerly XDimensional Technologies and I-Engineering, a provider of insurance software and services backed by Serent Capital, has launched today following XDimensional Technologies’ acquisition of...
People Moves: Triple-I Adds 4 Non-Resident Scholars; Tate Appointed Aspen’s Head of Product for Inland Marine; Schuermann Named President of Berkley Entertainment
Dec 22 2023 // The Insurance Information Institute (Triple-I) announced the appointment of four new Non-Resident Scholars (NRS). Teresa Chan, Director – Insurance Management Program School of Professional Studies, Columbia...
Markel International Launches Specialty Division, Led by 2 Hires From Brit
Dec 14 2023 // Markel, the insurance operation within Markel Group Inc., has launched a Specialty practice within its International Wholesale division, which will be spearheaded by Tom Hillier as divisional managing director. The...
Tech Update: Chubb and NetSPI Launch Cyber Protection Partnership
Dec 13 2023 // Chubb announced a collaboration with NetSPI, a global provider proactive security. The pairing is designed to strengthen clients’ cyber-risk profiles with enhanced attack surface management and penetration testing...
