Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Chicago-based Clearcover Raises $11.5M to Launch Auto Insurtech Model
Sep 28 2017 // Chicago, Ill.-based Clearcover announced an initial funding round of $11.5 million led by Lightbank. Greycroft Partners, 500 Startups, Silicon Valley Bank, and other insurance and fintech investors also participated in the...
State Auto Labs Launches $25 Million Innovation Venture Fund
Sep 26 2017 // State Auto Labs Corp., the innovation arm of Columbus, Ohio-based State Automobile Mutual Insurance Co., has launched a $25 million corporate venture fund to support entrepreneurs and innovations in the insurance...
Chubb’s Launches Business Pack Insurance for Australian SMEs
Sep 25 2017 // Chubb has launched a package insurance solution called Chubb Business Pack Insurance for small and medium enterprises in Australia. This solution aims to provide broad coverage for property and liability exposures to help...
Prospect General, Fortegra Launch Tenant Legal Liability Program
Sep 21 2017 // Prospect General Insurance Agency has partnered with Fortegra Financial Corporation, a Tiptree Financial, Inc. company to offer an admitted tenant legal liability program that allows landlords to protect properties from...
Global Aerospace Launches Aviation Professional Services Liability Insurance
Sep 20 2017 // Parsippany, New Jersey, September 20, 2017 – Global Aerospace, a leading provider of aerospace insurance, announces the introduction of Aviation Professional Services Liability insurance for the aerospace industry. The...
SIS Wholesale Insurance Services Launches Online Inland Marine Program
Sep 12 2017 // Safebuilt Insurance Services, Inc. dba SIS Wholesale Insurance Services, a national commercial lines insurance program administrator, has launched a new online inland marine contractors’ equipment program. The...
HDI Launches Cyber Coverage for Manufacturing Companies
Sep 8 2017 // International insurer HDI Global Insurance Company (HDI) has introduced a new cyber product, Cyber+ Smart, designed to support the manufacturing sector. Cyber+ Smart is designed for U.S. enterprises with annual revenues of...
Chubb Broadens Cyber Enterprise Risk Management Products
Sep 1 2017 // Chubb has broadened its enterprise risk management options for Chubb commercial cyber policyholders in the United States and Canada. Two new policy forms, Cyber Enterprise Risk Management (Cyber ERM) and DigiTech...
Ascot Launches Specialty MGA, Vertical Underwriting Managers
Aug 31 2017 // Ascot Group Ltd. (AGL) announced the creation of Vertical Underwriting Managers, its first specialty managing general agency (MGA) cell under Ethos Specialty Insurance Services, AGL’s standalone MGA Vertical will...
Stonetrust Entering Nebraska Workers’ Comp Market
Aug 30 2017 // Omaha, Nebraska-based Method Insurance Services announced it will be the exclusive distribution channel for Stonetrust Commercial Insurance Co. as it enters the Nebraska workers’ compensation...
NexAssure to Launch MGA for Europe, Middle East Business
Aug 23 2017 // NexAssure Group is set to open a specialist managing general agent, NexAssure Agency (UK) Ltd. in London and has appointed a senior underwriter Mark Angel as head of Specialty to lead the company’s expansion into...
Ohio’s Grange Insurance Launches 36-Month Policy Option for Businesses
Aug 22 2017 // Columbus, Ohio-based Grange Insurance has introduced a new 36-month commercial insurance package policy, aimed at helping select businesses spend less time renewing their insurance each year and more time on what matters...
Ascot Launches P/C Reinsurance MGA: Ethos Specialty Insurance Services
Aug 22 2017 // Ascot Group Ltd. (AGL) has launched Ethos Specialty Insurance Services, LLC, a standalone managing general agent (MGA), operating under AGL. Michael Sillat has been appointed as chief executive officer of Ethos, effective...
XL Catlin’s Bongi Moves to Brit Global Specialty USA to Launch Professional Lines
Aug 15 2017 // Brit Ltd. has appointed Tom Bongi as executive vice president of Professional Lines at Brit Global Specialty USA. Bongi is responsible for establishing and developing Brit’s Professional Lines portfolio in the U.S....
London Market Launches Data Capture Service Designed to Cut Data Re-Keying
Aug 8 2017 // The London Market Group (LMG) announced that one of the core solutions for improving the London market’s efficiency, called structured data capture (SDC), has gone live for the lines of terrorism, financial lines,...
Progressive Unveils Online Homeowners Insurance Comparison Shopper
Aug 7 2017 // Progressive announced a new tool called HomeQuote Explorer, an online platform designed to enable homeowners to compare home insurance quotes from multiple carriers. The insurer says it takes 15 minutes or less to get most...
Arizona Launches Campaign on Flooding Danger
Aug 4 2017 // Arizona officials are launching a campaign to make Arizonans aware of the year-round risk of flooding, particularly during the monsoon. Director Wendy Smith-Reeve of the Arizona Division of Emergency Management says most...
AmWINS Launches Site Pollution Liability Program for Small Auto Servicing Firms
Jul 28 2017 // AmWINS Program Underwriters has launched a new stand-alone site pollution liability program to offer a streamlined alternative for small auto servicing entities to obtain site pollution liability coverage. The program,...
ProSight Specialty Launches All-lines Marine Contractors Insurance Program
Jul 26 2017 // ProSight Specialty Insurance has launched its Longshore+ Marine Contractors program, with the goal of unifying all lines of marine insurance under a single carrier. The package offering provides the following coverages:...
Progressive Unveils Online Homeowners Insurance Comparison Shopper
Jul 25 2017 // Borrowing from its own auto insurance model, Progressive is announcing a tool called HomeQuote Explorer, an online platform that allows homeowners to quickly compare home insurance quotes from multiple carriers. The...
