Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
New Specialty Insurance Group to Target Sports, Entertainment Markets
Jul 10 2014 // Specialty Insurance Group (SIG) has been launched by three specialty and risk insurance veterans, Greg Mosher, David Harris and Lowery Robinson, to provide custom programs for the needs of the sports, leisure and...
Lighthouse Property Insurance Launches Dwelling Fire Product in South Carolina
Jul 10 2014 // Owners of South Carolina rental properties have the option of insuring their residences through Lighthouse Property Insurance Corp. beginning July 14. The coverage is available for rental residence or an owner-occupied...
New Specialty Insurer SIG Targets Sports, Entertainment Risks
Jul 10 2014 // Three specialty and risk insurance veterans have launched Specialty Insurance Group (SIG) to provide custom programs for the sports, leisure and entertainment markets. The new Indianapolis-based firm is a member company of...
Aon Launches Entrepreneurs Program for Women-Led Businesses
Jul 10 2014 // A bulletin from Aon’s London headquarters notes that as “part of its global strategy to empower human and economic possibility for clients, colleagues and communities,” it is launching its...
Endurance Launches U.S. Commercial Property Retail Division
Jul 8 2014 // Endurance Specialty Holdings Ltd. announced that Mark Maritzen has joined the company as executive vice president and head of commercial property within its U.S. Insurance operation. Maritzen will be responsible for...
MAPFRE Insurance Enters Pennsylvania Auto, Home Insurance Market
Jul 3 2014 // MAPFRE Insurance has entered the Pennsylvania insurance market. MAPFRE’s operations in Pennsylvania will be headquartered in King of Prussia and the company will offer private passenger automobile and homeowners...
Philadelphia Launches Commercial Excess Flood Coverage
Jun 26 2014 // Philadelphia Insurance Cos. (PHLY) is now offering commercial excess flood coverage to complement its commercial primary flood product. PHLY’s new excess coverage competitively priced and available at limits higher...
JLT Capital Markets Announces Florida Cat Bond Placement
Jun 20 2014 // Jardine Lloyd Thompson Capital Markets (JLTCM) Inc., a part of JLT Towers Re, announced its second Market Re private placement cat bond (Market Re 2014 -2), which closed at $31.825 million. JLT said the “new bond...
AIG Launches Global Commercial Property Coverage for Mid-Market
Jun 18 2014 // The American International Group, Inc. (AIG) insurers have launched a new line of multinational commercial property products and services, including expanded coverage, loss prevention engineering, and risk management...
Aon Benfield Securities Launches CATstream for Cedants’ Cat Bond Coverage
Jun 18 2014 // Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, has announced the launch of CATstream – a new client facility, which it said “offers...
Ironshore Canada Enters Commercial Property Market for Sector Specific Risks
Jun 17 2014 // Bermuda-based Ironshore Canada has announced its entry into the Commercial Property Market with capacity that enhances its existing suite of specialty products available in the Canadian region. “Ironshore Canada has...
Ryan Specialty Group Announces Landmark Healthcare Partnership With Lloyd’s Underwriters
Jun 17 2014 // Chicago, IL – 6/17/14 – Ryan Specialty Group, LLC (RSG) announces the formation of RSGUM Healthcare, a new healthcare and life science underwriting facility, in partnership with some of the strongest and most...
ProSight Launches Gap Endorsement for TV Commercial Producer Wrap-Up Policies
Jun 16 2014 // The ProSight Specialty Insurance group of companies has introduced a production policy endorsement designed to safeguard independent television commercial producers from potential losses not covered by a client’s...
Ryan Specialty Group Launches Healthcare Partnership with Lloyd’s Underwriters
Jun 16 2014 // Ryan Specialty Group, LLC (RSG) has formed RSGUM Healthcare, a new healthcare and life science underwriting facility, in partnership with the healthcare and life science underwriters at Lloyd’s of London....
Nationwide to Re-Enter N.J. Auto Insurance Market
Jun 16 2014 // New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski said on June 6 that Nationwide Mutual Insurance Company has been approved to write auto insurance in New Jersey, and the company will begin...
Ironshore’s Pembroke Agency Launches Accident Coverage for Space Tourism
Jun 12 2014 // Ironshore International’s Pembroke Managing Agency Limited through its Lloyd’s Syndicate 4000 (Pembroke) has introduced insurance coverage for passengers and participants in sub-orbital space flights....
Argo Surety, SureTec Launch Mid-Market Surety Program
Jun 11 2014 // Argo Surety, together with SureTec Financial Corp., is now providing expanded combined capacity for the middle market contract surety segment. Through the new program, Argo Surety and SureTec can extend up to $50 million...
Willis Launches UK’s 1st Shariah Compliant Commercial Property Insurance
Jun 10 2014 // Willis Group Holdings announced that in “response to growing demand from property investors for insurance cover that is compliant with Islamic law it has launched the UK’s first Shariah compliant commercial...
Litmus Analysis Launches New Market Research Operation
Jun 9 2014 // UK-based Litmus Analysis announced that Robin Dicks has joined the firm as a Partner in for its new venture “Litmus Research Associates,” which it said it has established “to provide high quality market...
U.S. Risk Pros Launches an Enhanced Professional Liability Program for Architects and Engineers, Construction Managers, and Design/Build Contractors
Jun 9 2014 // Dallas, TX – June 9, 2014 – U.S. Risk Insurance Group, Inc., the eighth largest managing general agency and surplus lines wholesaler in the nation, announced that U.S. Risk Pros, the Professional Liability...
