Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Markets/Coverages: Liberty Launches National Private Client Practice Group
Oct 27 2023 // The Liberty Company Insurance Brokers announced its National Private Client Practice Group, spearheaded by Liberty Partner Steve Rivera. With over two decades of experience in insurance, Rivera, a former executive at...
Markets/Coverages: Atlas General Announces Workers’ Comp Program With Sompo
Oct 19 2023 // National multi-line program administrator Atlas General Insurance Services, an RPS Company, announced the addition of a new workers’ compensation insurance program with Sompo International. This new platform includes...
Markets/Coverages: Howden Launches Climate Parametrics Practice to Help Clients Derisk Net-Zero Climate Transition
Oct 17 2023 // Howden, the London-based insurance group, announced the creation of Howden Climate Parametrics, a global practice that brings together re/insurance, climate, and data expertise to focus parametric risk transfer solutions...
Markets/Coverages: Howden Launches Innovation Hub With £500M of Delegated Underwriting Capacity, Commits £10M for Insurtech Funding
Oct 16 2023 // Howden, the London-based insurance group, has launched Howden Ventures, subject to Lloyd’s approval, with £500 million ($607.1 million) of delegated underwriting capacity, to create an investment and risk incubator...
Markets/Coverages: Irish MGA iSure Launches Professional Indemnity Facility
Oct 10 2023 // iSure, the specialist SME managing general agent in Ireland, part of the re/insurance MGA Rokstone, has announced the launch of a professional Indemnity (PI) facility with a €2 million primary and a €3 million excess...
People Moves: Marsh Promotes Pellegrini to US, Canada Specialty Lead; CRC Group Announces Executive Leadership Appointments
Oct 6 2023 // Pellegrini Appointed Marsh Specialty Leader for US and Canada Broker Marsh said it promoted Michael Pellegrini to head of Marsh Specialty in the US and Canada. Effective immediately, Pellegrini will oversee Marsh’s...
Markets/Coverages: Coalition Exec Risk Insurance Now on Surplus Paper; ISO Adds 160 New BOP Classifications; MGU Verita Launches
Oct 5 2023 // Coalition’s Executive Risks Insurance Now Available On Surplus Lines Paper Coalition announced its executive risks insurance products are now available on surplus lines paper, making comprehensive management...
People Moves: DUAL Launches Marine Hub in Rotterdam, Hiring 2 Former MS Amlin Underwriters; Generali Taps Allianz’s Terzariol to Lead Newly Created Insurance Division
Oct 4 2023 // This edition of International People Moves details appointments at DUAL Europe and Generali. A summary of these new hires follows here. DUAL Launches Marine Hub in Rotterdam, Hiring 2 Former MS Amlin Underwriters DUAL...
Markets/Coverages: Cyber MGA Measured Insurance Launches AI-Driven Cover for SMEs
Sep 29 2023 // Measured Analytics and Insurance, the Salt Lake City, Utah-based cyber insurance MGA, announced the launch of its insurance product, CyberGuard 2023, for the protection of small-and-midsize enterprises (SMEs). With its...
Markets/Coverages: Specialty MGA Nirvana Launches European W&I Binder
Sep 20 2023 // Nirvana, the London-based media, tech and cyber managing general agent (MGA), has launched its new European SME Warranty and Indemnity (W&I) binder. The team has a total available line size of €20 million ($21.4...
Everest Insurance Launches Dedicated Wholesale, Programs Market Division in US
Sep 19 2023 // Everest Insurance, the insurance division of Everest Group Ltd., has launched a dedicated U.S. Wholesale and Programs Division to serve the distinct and evolving needs of this market. “This dedicated offering...
SiriusPoint Announces MGA Partnership with Nordic Marine Insurance
Sep 19 2023 // SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Stockholm-based Nordic Marine Insurance have announced a new strategic partnership. Founded in 2012, Nordic Marine is a managing general agent that...
Chinese Police Detain Staff of Evergrande Unit as Property Crisis Enters New Phase
Sep 18 2023 // Authorities detained some staff of the money management business of China Evergrande Group, a sign that the saga around the defaulted developer at the heart of the nation’s property crisis has entered a new phase...
People Moves: Sompo International Announces New UK Leadership Team; SiriusPoint Names Smyth Head of Marine, Active U/W for Syndicate 1945
Sep 15 2023 // This edition of International People Moves details appointments at Sompo International and SiriusPoint. A summary of these new hires follows here. Sompo International Announces New UK Leadership Team Sompo International,...
Markets/Coverages: US Cyber Industry Loss Index Launched by Perils, CyberAcuView
Sep 12 2023 // A U.S.-focused Cyber Industry Loss Index has been launched by Zurich-based Perils and CyberAcuView, an independent U.S.-based organization formed by leading cyber insurers, to keep capital flowing in the cyber insurance...
Markets/Coverages: Reinsurance MGA Envelop Risk Launches Program to Aid Cedents’ Entry Into Cyber
Sep 11 2023 // Envelop Risk, the UK-based cyber re/insurance and analytics specialist, announced the launch of a program for cedents that want to enter the cyber risk market or expand their existing participation. The initiative, called...
Markets/Coverages: Carpenter Launches Update of Catastrophe Analytics Platform
Sep 8 2023 // Guy Carpenter, the reinsurance business of Marsh McLennan, announced the launch of the next generation of its catastrophe analytics platform, GC AdvantagePoint. The updated platform features new technology that will...
Ohio Bureau of Workers’ Compensation Announces 3.9% Rate Reduction for Public Employers in 2024
Aug 30 2023 // The Ohio Bureau of Workers’ Compensation announced a 3.9% rate reduction for the state’s public employers, a rate cut that will go into effect Jan. 1, 2024. The rate reduction will result in nearly $8 million...
Wright Flood to Launch Residential, Private Flood Insurance Option in 5 States
Aug 22 2023 // Wright National Flood Insurance Services introduced FocusFlood, the company’s newest product and an extension of its popular ResiFlood program, into Florida, Texas, New Jersey, South Carolina and Louisiana. Written...
Amwins Specialty Auto Launches in Oklahoma
Aug 21 2023 // Amwins announced Amwins Specialty Auto, in partnership with Agricultural Workers Mutual Auto Insurance Company, will launch a new private passenger automobile program in Oklahoma. Both Amwins Specialty Auto and Ag Workers...
