Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Allianz UK Launches ‘Cyber Select’ Offering for Mid-Size Corporations
Dec 12 2019 // Allianz UK has launched Cyber Select, a cyber offering designed primarily for mid-corporate businesses. Cyber Select’s cover is designed to deal with the consequences of unauthorized use of IT systems and data...
MetLife to Enter Pet Insurance Market with Acquisition of PetFirst Program
Dec 5 2019 // MetLife has agreed to acquire PetFirst Healthcare, a pet insurance program administrator that currently distributes its pet insurance products through animal welfare agencies, direct-to-consumer channels and...
Berkley One Launches Flood Product in New Jersey; Expands Coverage in Vermont, Mass.
Dec 4 2019 // Berkley One (a Berkley Company), a startup insurance provider high net worth individuals and families, has introduced a new excess flood product, as well as broader geographical capabilities with a launch in Vermont and...
Preferred Property Program Launches D&O Policy for Community Associations
Dec 3 2019 // Preferred Property Programs (PPP), a division of Jacobson, Goldfarb & Scott, Inc. (JGS Insurance), has released a national insurance product for community associations. In conjunction with AXA XL, a division of AXA,...
Insurer Brit Ltd. Launches E-trading Cyber Portal
Nov 15 2019 // Brit Ltd., the London-based insurer, announced it has launched an online platform for cyber risks in both the U.K. and the U.S., targeting small and medium sized enterprises (SMEs) in both regions. The portal will give...
Insurtech Root Expands Into Renters Market; Product Launched in 3 States
Nov 14 2019 // Root Insurance, a property casualty insurtech, has launched a streamlined renters insurance designed and personalized for consumers starting at $6 a month. In addition to covering customers’ personal property and...
PURE Programs Launches California High Wildfire Risk Homeowners Program
Nov 13 2019 // PURE Programs has launched a new High Wildfire Risk Homeowners Insurance program, with coverages for retail insurance brokers serving clients that own high value homes in California at greater-risk of loss from...
Insurtech Pie Launches TV Campaign in California for Workers’ Comp
Nov 12 2019 // Workers’ compensation insurtech Pie Insurance has launched its first national television advertisement campaign with an initial focus in California. The two 30-second spots depict Pie coming to the rescue,...
EPIC Launches Site Pollution Liability Insurance Program for Cannabis Risks
Nov 12 2019 // Greyling Insurance Brokerage & Risk Consulting (Greyling), a division of EPIC Insurance Brokers & Consultants (EPIC), has launched a nationwide site pollution liability insurance program for the emerging cannabis...
Hamilton’s Pembroke Managing Agency Forms Cyber Team, Launches Cyber Product
Nov 6 2019 // Hamilton Insurance Group Ltd. announced the launch of a new team of underwriters at the recently acquired Pembroke Managing Agency Ltd. and the development of a new cyber product. Pembroke’s four-person cyber team is...
Ascot Launches U.S. Management Liability and Financial Institutions Unit
Nov 5 2019 // Ascot is launching a Management Liability and Financial Institutions group, led by Ryan Becker as executive vice president. The new group will offer a wide range of admitted and non-admitted, primary and excess directors...
North Dakota Unveils New Mapping Tool for Flood Risks
Nov 4 2019 // The North Dakota Water Commission unveiled a new interactive mapping tool that provides residents and community leaders with information on potential flood risks. It shows where flooding might occur and to what extent it...
TMK Launches Flagship Cyber Product, Cyber Ctrl, in Asia
Oct 31 2019 // Tokio Marine Kiln (TMK) has launched its flagship cyber product, Cyber Ctrl, targeted at insurers in Asia. The product covers a range of first party losses including business interruption and provides clients with crisis...
Miami Specialty Risk Launches Lloyd’s-Backed Cyber, Technology E&O Facility
Oct 31 2019 // Miami Specialty Risk has launched a new cyber and technology E&O facility available in all 50 states. Backed by Lloyd’s of London, the Miami Specialty Risk facility is comprised of three products: SME Cyber and...
BHSI Enters Australia Surety Market, Hiring Griffiths from Liberty Specialty to Lead Team
Oct 21 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced it is entering the surety market in Australia and has named Jonathan Griffiths as head of Surety, Australia. BHSI will focus on providing contract surety solutions...
London-Based MGA Castel Specialty Enters Construction and Engineering Market
Oct 17 2019 // Castel Specialty, the London-based division of club-style MGA formation platform Castel Underwriting Agencies Ltd., has entered the construction and engineering market, primarily focused on the UK, North America,...
Great American Launches Admitted Cyber Product for Small, Medium-Sized Businesses
Oct 16 2019 // Great American Insurance Group has launched an admitted cyber risk insurance product, the Risk e-Business Cyber Loss & Liability Insurance Policy featuring two insuring agreements and only 13 exclusions. According to...
Aon’s Reinsurance Solutions Business Launches Global Wholesale Committee
Oct 9 2019 // The Reinsurance Solutions business of Aon plc has established a Global Wholesale Committee based in London. The committee has been formed to further enhance client services and further cultivate the firm’s...
The Hanover Enters Vermont Personal Lines Insurance Market
Sep 25 2019 // The Hanover Insurance Group, Inc. has expanded its business in Vermont to include personal lines insurance and appointed a group of independent agents in the state to serve its growing customer base. According to The...
Generali Launches U.S. Specialty Insurance Division, Focusing on Warranty Services
Sep 20 2019 // Generali US Branch, the U.S. arm of Generali Group, announced the launch of its Specialty Insurance Division, which will focus on providing warranty services and solutions. The Specialty Insurance Division will provide...
