Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
EU Unveils Reforms to Make Financial Markets Safer – Insurance Included
May 27 2009 // Banks will be more closely scrutinized under European Union plans unveiled on Wednesday to apply lessons from the credit crunch and better protect investors shaken by the worst financial crisis in decades. The European...
ASI Enters South Carolina Homeowners Insurance Market
May 22 2009 // Florida-based American Strategic Insurance Corp. (ASI) has entered the South Carolina marketplace and is offering homeowners’ insurance coverage for coastal property owners through independent agents. “As the...
Montpelier Re Launches Lloyd’s Marine Unit
May 15 2009 // Bermuda-based Montpelier Re Holdings Ltd. announced that Montpelier Syndicate 5151 will begin underwriting marine insurance business in August 2009. “The new marine account will consist of hull, cargo and specie...
U.K.’s Marketform Group Launches Five New Classes of Business
May 12 2009 // The London-based Marketform Group Limited, a leading market for non-US medical malpractice and other specialty lines, has announced that it is now underwriting five new classes of business. Chairman Holly Bellingham...
OneBeacon Launches Health Care, Non-Profit Management Liability Products
May 6 2009 // OneBeacon Professional Partners, a member of OneBeacon Insurance Group, launched two new management liability insurance products for health care organizations and nonprofit organizations. The Health Care Organization...
Starr Marine – Starr Indemnity & Liability Announce Servicing Agreement
May 4 2009 // Starr Marine Agency, an indirectly wholly owned subsidiary of C. V. Starr & Co., Inc., and Starr Indemnity & Liability Company, an indirectly wholly owned subsidiary of Starr International Company, Inc., a...
AIU Launches Contractor’s General Liability Endorsement
May 1 2009 // AIU Holdings Inc.’s Construction Risk Management Group launched a new product, the Contractor’s Commercial Prime Endorsement, which combines 21 coverage extensions now added automatically to its commercial...
Fireman’s Fund Launches “Green” Homeowners Insurance in Maryland
Apr 29 2009 // Fireman’s Fund Insurance Co. has introduced its ‘green’ insurance product for homeowners in Maryland. The coverage, which is available in 32 states, includes 5 percent discounts for homeowners who already...
New Property Managers Errors and Omissions Insurance Program Announced by New Empire Group
Apr 16 2009 // A new errors and omissions insurance program for property management firms, named SmartPro™, is now available from New Empire Group, Ltd. Robert E. Mackoul, CLU, Chief Executive Officer of New Empire Group...
LIU, Five Star Specialty Launch Nonprofit Management Liability Program
Apr 9 2009 // Liberty International Underwriters (LIU), a division of Liberty Mutual Group, has partnered with Five Star Specialty Programs (Five Star), a division of Crump Insurance Services Inc., to create a new insurance program for...
Roach Howard Smith & Barton Launches New Specialty Practice Group
Apr 7 2009 // Dallas-based Roach Howard Smith & Barton (RHSB), an independent insurance brokerage firm and Assurex Global partner, expanded its firm to include a new Technology, Life Science & Media (TLM) specialty practice...
ACE Launches New Homeowners Coverage for High Net Worth Families
Apr 3 2009 // ACE Private Risk Services, part of the ACE Group of Cos., unveiled a new homeowners policy designed to meet the needs of high net worth customers. The new policy, which will be offered through independent agents and...
SFM Launches Employment Practices Liability Coverage in Midwest
Apr 3 2009 // Bloomington, Minn., workers’ compensation specialty carrier SFM Companies has begun insuring employers in the Midwest against the risk of employment practices liabilities, protecting them from high legal defense...
XL Insurance Launches Solutions for German Upper Middle Market
Mar 25 2009 // XL Insurance, the global insurance operations of XL Capital Ltd., announced that it will offer insurance solutions to Upper Middle Market companies in Germany with an annual turnover ranging from approximately €30...
NIP Specialty Launches New Facility for Businesses in Bankruptcy
Mar 19 2009 // NIP Specialty Brokerage, a division of New Jersey-based NIP Group, Inc., launched a new facility to help agents/brokers replace business insurance policies cancelled or non-renewed because their clients have filed for...
Entertainment Industry Insurer, CMM Entertainment, Expands in California
Mar 13 2009 // Robert M. Bryar, president of C.M.Meiers Co. Inc. and CMM Entertainment has begun expansion plans to the entertainment division’s Woodland Hills, Calif., headquarters. The company is adding 25 percent more floor...
Budget Installment Corp. (BIC) Launches New Website and Extends Business Hours
Mar 12 2009 // Garden City, NY, 03/12/09 – BIC is a nationally authorized premium finance company and is a wholly owned subsidiary of Webster Bank, N.A. BIC has been providing commercial premium finance solutions to the insurance...
Western Pinnacle Insurance Services, Inc Announces Addition of New AM Best A Rated Workers Compensation Carrier
Mar 9 2009 // “Western Pinnacle Insurance Services, Inc (“WPIS”), a diversified MGA/Wholesaler announced today the addition of a new AM Best A rated carrier for its workers compensation capabilities. Virgil Anderson,...
Study Unveils Target Areas for Flood Insurance Policy Sales
Mar 9 2009 // But Selling More Policies in These Communities at Subsidized Premiums Could Sink Federal Program There are a number of communities across the country where more flood insurance policies should be sold given their...
RLI Launches Network Security, Privacy Breach Coverage
Mar 4 2009 // Peoria, Ill.-based RLI Corp. began offering its new network security and privacy coverage – CyberSecure – which insures losses from system vulnerability, security issues and a wide range of exposures to...
