Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Markets/Coverages: Beazley Launches Private Equity Liability Product for Portfolio Firms
Feb 16 2023 // Specialist insurer Beazley has launched a new private equity liability insurance product, designed to focus on the inherent directors and officers (D&O) risks within the long-term lifecycle of portfolios held by...
Coalition Cyber Insurance Now Offered to Large Enterprises With Revenue Up to $5B
Feb 14 2023 // Coalition announced it has expanded its cybersecurity insurance offering to enterprise businesses with revenues up to $5 billion. The company’s increased capacity above its existing limit of $1 billion comes from a...
Markets/Coverages: Apollo Launches Drone Insurance Facility in Partnership With MGA Moonrock
Feb 14 2023 // Apollo, the London-based independent specialist insurer and reinsurer, is providing capacity to Moonrock Drone Insurance, designed to provide coverage for larger commercial drone operations, meeting an increased demand in...
Liberty Mutual Launches Global Cyber Office to Better Manage Complex Cyber Risks
Feb 13 2023 // Liberty Mutual Insurance announced the formation of a Global Risk Solutions (GRS) Global Cyber Office and the appointment of a leadership team consisting of industry experts. The office aims to build and scale Liberty...
Markets/Coverages: Ryan Specialty Forms Transactional Risk Practice; Corvus Launches ‘All-in-One’ UW Platform
Feb 9 2023 // Ryan Specialty announced the formation of a global transactional risk practice, Ryan Transactional Risk. This global managing general underwriting practice is being created by combining the operations of Concord Specialty...
People Moves: Generali’s GC&C Promotes 3 for German Team; Lockton Re Taps AXIS’ Silley for Cyber Practice; Aon Names Penalva Head of Enterprise Clients, EMEA
Feb 8 2023 // This edition of International People Moves details appointments at Generali Global Corporate & Commercial, Lockton Re and Aon. A summary of these new hires follows here. Generali Global Corporate & Commercial...
Coalition Launches Full-Stack Cyber Insurer for SMBs
Jan 31 2023 // Insurtech Coalition on Jan. 30 announced the launch of a full-stack cyber insurance carrier. Coalition Insurance Company (CIC), what Coalition called the “the first full-stack, active cyber insurance carrier,”...
Markets/Coverages: WTW Launches Cyber Facility, Providing Excess Capacity Globally
Jan 30 2023 // A new excess layer cyber facility, called CyXS, was launched by WTW, providing excess layer cyber capacity for global clients. Key elements of the facility include: Capacity: Access to up to 50 million (USD/ GBP/ EUR) of...
MGA Arcadian Enters D&F Property Binding Agreement With Aviva for Worldwide Risks
Jan 23 2023 // Arcadian Risk Capital Ltd., a Bermuda-based managing general agent (MGA) and part of the “Class of 2020,” announced that it has entered into a direct and facultative (D&F) property binding arrangement with...
People Moves: TDI Announces New Executive Leadership; Cadence Hires Bryant as Cyber Practice Leadership
Jan 12 2023 // TDI Announces New Executive Leadership The Texas Department of Insurance (TDI) has announced its chief deputy commissioner and new leadership for its Administrative Operations, Life and Health, and General Counsel...
Beazley Launches Global Re/insurance Market’s First Cyber Catastrophe Bond
Jan 9 2023 // Specialist insurer Beazley has launched the global insurance market’s first cyber catastrophe bond. The $45 million bond gives Beazley indemnity against all perils in excess of a $300 million catastrophe event, with...
Skyward Specialty Announces Launch of IPO
Jan 5 2023 // Skyward Specialty Insurance Group, Inc. (“Skyward Specialty” or the “Company”) announced Jan. 4 the launch of its initial public offering of its common stock. The offering consists of 4,750,000...
Chubb Launches Global Climate Business Unit
Jan 4 2023 // Chubb announced the launch of a new Global Climate Business Unit, aiming to bring together Chubb units engaged in traditional, alternative and renewable energy, climate tech, agribusiness and risk engineering services. The...
UK MGA Pen Underwriting Launches Claims Hub Dedicated to Property, Liability
Dec 19 2022 // Pen Underwriting has launched a new regional claims hub in Chelmsford dedicated to managing commercial property and liability claims, which will complement its existing team of specialists in Manchester, England. As part...
Munich Re to Launch Specialty Insurance Division
Dec 16 2022 // Munich Re is launching a new division, called Global Specialty Insurance (GSI), which will be comprised of various primary insurance businesses from the group that are currently part of the reinsurance segment. The...
Markets/Coverages: QBE Europe Launches Warranty & Indemnity Product; Miller Launches D&O Product for UK Construction Sector
Dec 16 2022 // QBE Europe Launches Warranty & Indemnity Product QBE announced the introduction of Warranty and Indemnity (W&I) insurance in Europe for the first time to further support customers. The new product reflects an...
MGA Pixel Re Launched for Global Property, Energy Risks of $500M and Above
Dec 5 2022 // Connect Underwriting Ltd., a London-based specialist reinsurance managing general agent, announced the availability of new capacity via Pixel Re, a new dedicated, monoline reinsurance vehicle for global property and...
Michigan’s Ford Credit Company to Launch Commercial Vehicle Insurance
Dec 1 2022 // Michigan-based Ford Credit announced plans to launch Ford Pro Insure, a new commercial auto insurance product powered by Pie Insurance. “Ford Pro customers have come to expect a complete set of products and services...
Understory, Skyward Specialty Launch Insurance Captive Solution for Auto Dealer Market
Nov 15 2022 // Understory Inc. a Madison-Wisconsin provider of innovative insurance solutions for climate risk, and Skyward Specialty Insurance Group Inc., a Houston-based specialty insurance company, have partnered to launch a new...
Tech Update: Risk Solved and expert.ai Offer Language-to-Data Solution for Insurers; Zurich Insurance Launches Global API Marketplace
Nov 10 2022 // Risk Solved and expert.ai Offer for Language-to-Data Solution for Insurers Risk Solved Ltd, a global risk management platform provider, and expert.ai, an artificial intelligence (AI) specialist in natural language...
