Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Sompo Global Risk, Marsh & McLennan Launch Commercial Real Estate Market Product
Aug 18 2020 // Marsh & McLennan Agency LLC (MMA) and Sompo Global Risk Solutions (GRS) have launched a new customizable insurance product designed to help commercial real estate owners control costs, streamline policy administration...
Progressive Enters Voluntary Market with Expanded Pet Health Insurance Product
Aug 17 2020 // Progressive will enter the voluntary benefits market through a relationship with Pets Best, which is part of Care Credit, a Synchrony product. Progressive Pet Insurance by Pets Best will be available to all U.S. companies...
Sterling New Age Cyber, Elpha Secure Launch ES-1000 Cybersecurity Package
Aug 13 2020 // Cybersecurity insurance company Elpha Secure and partner Sterling New Age Cyber have introduced ES-1000, a service bundle package that focuses on mitigating risk and cyber threat to clients through cyber software,...
CoverWallet Launches Digital Management Liability Package for VC-Backed Startups
Aug 3 2020 // CoverWallet, an Aon company and digital insurance platform for businesses, has launched a digital insurance product for venture capital (VC)-backed startups. The new management liability package offers VC-backed startups...
Lloyd’s Launches Culture Dashboard, Sets Gender Target for Market
Jul 31 2020 // The Lloyd’s re/insurance market has launched a Culture Dashboard and has set a gender target for the market supported by a commitment to achieve parity between men and women over the next decade. These measures mark...
Markel Specialty Taps Elzer to Lead Newly Launched Risk Solution Services
Jul 23 2020 // Markel Specialty has launched Risk Solution Services, its newly expanded loss control department, and has tapped Allison Elzer to lead the department along with her team. This department will support clients and production...
Northeast Insurer Plymouth Rock Assurance Launches Umbrella Coverage
Jul 23 2020 // Plymouth Rock Assurance, an auto and home insurance provider in the Northeast, has launched a new umbrella insurance product for customers across the six states in which it does business. Plymouth Rock’s new umbrella...
Insurer Beazley Launches Cyber and Financial Lines Insurance in Colombia
Jul 22 2020 // Specialist insurer Beazley has launched a suite of cyber and financial lines insurance products to protect against the risks facing businesses and senior executives in Colombia. Beazley has tailored an information security...
London Market Group Launches Template for Free Trade in Financial Services
Jul 17 2020 // The London Market Group (LMG) launched a paper outlining an ambitious approach to free trade in financial services, using the forthcoming UK-Switzerland trade discussions as a template for an approach to other third...
Chubb Unveils Public-Private Program for Pandemic Business Interruption
Jul 9 2020 // Chubb unveiled a proposal for the insurance industry and federal government to partner on covering future pandemic-related business interruptions—and to get money to small businesses quickly—following through on an...
CFC Launches Transaction Liability Product for Portfolio Acquisitions
Jul 8 2020 // CFC has enhanced its transaction liability suite of products with launch of a new product designed for private equity firms and businesses pursuing a portfolio of add-on acquisitions for existing or newly acquired platform...
Lloyd’s Market Assn. Launches Delegated Authority Group to Set Future Business Model
Jul 8 2020 // The Lloyd’s Market Association (LMA) has launched a Delegated Authority Committee (DAC) to inform and guide the evolution of this important aspect of Lloyd’s underwriting, distribution and claims. Delegated...
Beazley Launches Booking System for Virtual Broker Meetings in New Business Reality
Jul 7 2020 // Specialist insurer Beazley has launched an online booking system to make it easier and quicker for brokers to arrange virtual appointments and share relevant documentation securely with underwritrs. Built in collaboration...
New Business Interruption Insurance Class Action Launched in Canada
Jul 7 2020 // Koskie Minsky LLP and the Merchant Law Group have launched a proposed national class action lawsuit alleging that Canadian insurance companies have breached their contracts with business owners by refusing to pay for...
Hiscox Launches ‘Variable Consortium’ for Hard-to-Place U.S. General Liability Risks
Jul 6 2020 // Hiscox, the Bermuda-based specialist insurer, together with RKH Reinsurance Brokers, has launched a new variable consortium with a maximum line of over US$20 million for a range of challenging general liability risks such...
Canopius Launches Cyber Property Product to Address Silent Cyber Gap
Jul 6 2020 // Canopius, the London-based specialty re/insurer, announced the launch of a set of cyber property products for medium-to-large corporations across all sectors across the globe. In light of the ever-evolving cyber threat,...
Sompo Global Risk Solutions Launches Team in London to Serve UK, Europe Markets
Jul 2 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Sompo Global Risk Solutions (GRS) has formed a new team, Sompo GRS Europe, based in...
Investment Manager Nephila Capital to Launch Lloyd’s Syndicate with ILS Specialty
Jun 24 2020 // Nephila Capital announced that the Lloyd’s Council has given in-principle approval to Nephila’s plan to form a new syndicate. Bermuda-based Nephila is the largest institutional asset manager dedicated to...
Berkley One Launches Recreational Marine Product, Enhances Other Offerings
Jun 24 2020 // Berkley One has launched a recreational marine product and made other product enhancements in five states. Recreational Marine insurance, already offered by Berkley, has been relaunched through Berkley One with new...
AmTrust Exec Launches Commercial Crime Product for Businesses
Jun 22 2020 // AmTrust Exec, a division of AmTrust Financial Services, Inc., has introduced a commercial crime product designed to provide coverage for a range of medium- and large-sized businesses. The monoline commercial crime product...
