Most Popular New Markets Headlines This Year
The most viewed headlines from our New Markets Topic Page over the last year.
#1 Liberty Mutual Announces 850 Additional Layoffs
Oct 27 2023 // Boston-based global insurer Liberty Mutual has confirmed that it is laying off about 850 workers, or 2% of its workforce, in the U.S. The terminations will be felt in several departments this month and many will become...
#2 Arch Insurance to Buy Allianz’s U.S. MidCorp & Entertainment Insurance Businesses
Apr 5 2024 // Arch Insurance North America, part of Bermuda’s Arch Capital Group Ltd., announced it has entered into an agreement to acquire Allianz Global Corporate & Specialty’s US MidCorp and Entertainment businesses...
#3 Ryan Specialty Announces Succession Plan: Pat Ryan to Exec Chair, Turner to Be CEO
Jul 1 2024 // Ryan Specialty Holdings, Inc. said company founder, chairman and chief executive Patrick G. Ryan will move to an executive chairman role and Timothy W. Turner will take over as will become CEO. Turner is currently...
#4 Arch Completes Acquisition of Allianz’s U.S. MidCorp and Entertainment Businesses
Aug 1 2024 // Arch Insurance North America it has closed the acquisition of the U.S. MidCorp and Entertainment insurance businesses from Allianz. Nearly 500 former Allianz MidCorp and Entertainment employees have joined Arch and will...
#5 Markets/Coverages: MGA OpenRoad Enters Collector Vehicle Insurance Market
May 21 2024 // Managing general agency Open Road Insurance announced its entry into the marketplace for collector vehicle auto insurance with its first license in Texas, and plans to launch in other U.S. states later this...
#6 Munich Re Specialty Launches FAIR Plan Commercial Wrap Product in California
Apr 12 2024 // Munich Re Specialty Insurance is launching a FAIR Plan Commercial Wrap, available to commercial insureds in California who seek comprehensive coverage in tandem with their FAIR Plan coverage. MRSI’s FAIR Plan...
#7 Markets/Coverages: Munich Re’s HSB Launches Cyber Insurance for Autos
Apr 3 2024 // With millions of connected vehicles on U.S. roads, personal cars and trucks will likely be the next big target for hackers and cyber thieves, according to specialty insurer HSB, which has launched a new cyber insurance...
#8 Markets/Coverages: Liberty Launches National Private Client Practice Group
Oct 27 2023 // The Liberty Company Insurance Brokers announced its National Private Client Practice Group, spearheaded by Liberty Partner Steve Rivera. With over two decades of experience in insurance, Rivera, a former executive at...
#9 Markets/Coverages: Liberty Mutual Launches New Management Liability Package
Jan 22 2024 // Liberty Mutual recently announced ProShield, a packaged solution providing private companies and non-profits streamlined access to directors & officers, employment practices liability, fiduciary, and crime...
#10 Construction-Focused MGA, Phoenix Specialty, Launches With Capacity From AXA UK
Apr 9 2024 // Acies MGU, the London-based managing general underwriter and MGA incubator, announced the launch of Phoenix Specialty, a specialist MGA serving the construction sector. Phoenix will be led by managing director Tim James,...
#11 Markets/Coverages: Amwins, Floodbase Unveil Flood Insurance for Golf Courses; Aegis Pro Risk Partners With Sentry on E&O Program
Aug 14 2024 // Amwins announced the launch of its “Tees-to-Green” flood insurance program powered by Floodbase to reimburse U.S. golf courses for lost revenue due to flooding. Golf courses are often built on land prone to...
#12 Markets/Coverages: CFC Launches Embedded Transaction Liability Insurance Product
Jan 23 2024 // Specialty insurance provider CFC has launched what it is calling the first ever transaction liability insurance product to be embedded into online M&A platforms in the USA. CFC is initially making its Seller Protect...
#13 Markets/Coverages: Howden Launches Innovation Hub With £500M of Delegated Underwriting Capacity, Commits £10M for Insurtech Funding
Oct 16 2023 // Howden, the London-based insurance group, has launched Howden Ventures, subject to Lloyd’s approval, with £500 million ($607.1 million) of delegated underwriting capacity, to create an investment and risk incubator...
#14 Markets/Coverages: Atlas General Announces Workers’ Comp Program With Sompo
Oct 19 2023 // National multi-line program administrator Atlas General Insurance Services, an RPS Company, announced the addition of a new workers’ compensation insurance program with Sompo International. This new platform includes...
#15 Bishop Street Enters Commercial Lines With Acquisition of MGA Conifer
Sep 5 2024 // Bishop Street Underwriters, a multi-boutique insurance platform owned by RedBird Capital Partners, announced it has acquired Conifer Insurance Services a specialty commercial managing general agency from Conifer Holdings,...
#16 Dyad Brand Launches to the P/C Insurance Market
Jan 2 2024 // Dyad, Inc., formerly XDimensional Technologies and I-Engineering, a provider of insurance software and services backed by Serent Capital, has launched today following XDimensional Technologies’ acquisition of...
#17 Markets/Coverages: Descartes Launches 1st Parametric Cyber Shutdown Cover in France
Feb 2 2024 // Descartes Insurance, the risk-carrying insurer formed in 2022 by climate-risk managing general agent Descartes Underwriting, has launched the first parametric cyber insurance for corporate clients in France. Described as...
#18 How to Succeed in the Entertainment Insurance Business: Get creative producing with a small cast of underwriters and limited capacity.
May 20 2024 // Even during the post-pandemic boom in the entertainment industry, when event and live performance venue attendance reached pre-COVID-19 levels, insurance markets in the sector could be difficult. Now, the post-pandemic...
#19 Ryan Specialty Announces Unification of Ryan Financial Lines
Jul 26 2024 // Ryan Specialty announced the unification of Ryan Financial Lines and the expansion of its product offerings. Ryan Financial Lines’ formation was announced in December 2023. The first phase was implemented in March...
#20 Emerald Bay and Arrowhead Launch Commercial Earthquake Facility in California, Pacific Northwest
Jun 7 2024 // Emerald Bay Risk Solutions and Arrowhead General Insurance Agency Inc. have launched a commercial earthquake facility that provides difference in conditions insurance policies for medium to large businesses. Arrowhead EQ...
