Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Africa Specialty Risks Gets ‘In Principle’ Approval to Launch Syndicate in 2024
Dec 11 2023 // Africa Specialty Risks (ASR), the pan-African focused re/insurance group, has received “in-principle” approval to launch a Lloyd’s syndicate in 2024. The syndicate will be launched in partnership with...
Markets/Coverages: Howden Launches European Cyber & Tech E&O Facility
Dec 8 2023 // Howden, the global insurance group, today announces the launch of one of the first dedicated European cyber and technology errors & omissions line slips for primary business. The product is led by Canopius and IQUW...
Markets/Coverages: Driver Technologies Launches Video Telematics-Based Driver Score
Dec 7 2023 // Driver Technologies, Inc., an AI-based mobility tech company, has announced its Driver Technologies Rating Service Inc. (DTRS) is rolling out its newly launched driver score to commercial fleets and insurance partners. In...
Markets/Coverages: MGA Rokstone Launches Contingency Portfolio
Nov 30 2023 // Rokstone, the international speciality re/insurance MGA that is part of the Aventum Group, announced the launch of a new contingency portfolio with backing from “A”-rated carriers. Rokstone is launching the...
Markel’s State National to Enter UK Market, Offering Program Services for MGAs
Nov 29 2023 // Markel, the insurance operations of Markel Group Inc., announced that its wholly owned subsidiary State National Companies is entering the UK market, effective Jan. 1, 2024. State National, the largest program services...
Product Recall Specialist MGA BluNiche Launches UK Unit for SME Businesses
Nov 28 2023 // BluNiche, a London-based managing general agent (MGA) that specializes in product recall insurance, announced the launch of BluNiche UK to target small and medium sized businesses across the UK. BluNiche UK is led by Ed...
Markets/Coverages: Apollo to Launch Specialty Treaty Class of Business
Nov 28 2023 // Apollo, the London-based independent specialist insurer and reinsurer, announced it will launch a new specialty treaty class of business within the Reinsurance Division of Syndicate 1969, on Jan. 1, 2024. The new portfolio...
Markets/Coverages: McGill and Partners Launches Coverage for Corporate Insolvency as D&O Policy Extension
Nov 20 2023 // McGill and Partners, the London-based boutique specialist re/insurance broker, has launched SAIFElimits, a coverage solution for corporate insolvency. The scheme is designed to be incorporated into any primary directors...
Markets/Coverages: Arch Insurance Int’l Launches Intangible Assets Team for IP Risks
Nov 17 2023 // Arch Insurance International has launched an intangible assets team, which joins from Aon following an agreement to acquire certain assets of its intellectual property (IP) liability MGA business. Led by Ian Lewis as head...
Markets/Coverages: Strategic Risk Solutions Launches ART Unit in Zurich
Nov 16 2023 // Strategic Risk Solutions (SRS), the Concord, Mass.-based independent insurance company manager, announced the launch of its latest alternative risk transfer (ART) venture: a managing general underwriter called...
Markets/Coverages: Chubb Launches New Media Insurance Product for UK
Nov 15 2023 // Chubb announced the launch of a new media insurance product for clients in the United Kingdom. Alongside the launch, Chubb has also rebranded its existing UK Technology Industry Practice as the Technology and Media...
Markets/Coverages: WTW Launches Global D&O Excess Facility Called ‘A-Star’
Nov 14 2023 // Insurance broker WTW announced the launch of “A-Star,” an excess layer D&O insurance solution for directors and officers. The new facility provides access to up to £/$/€ 80,000,000 additional capacity...
Markets/Coverage: QBE Launches Marine Offering for European Customers
Nov 13 2023 // Australian insurer QBE has launched a marine offer that will insure international trade for European customers who want to be serviced locally. As an international insurer with local presence in 28 countries, QBE said it...
Liberty Mutual Announces 850 Additional Layoffs
Oct 27 2023 // Boston-based global insurer Liberty Mutual has confirmed that it is laying off about 850 workers, or 2% of its workforce, in the U.S. The terminations will be felt in several departments this month and many will become...
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...
