Latest New Markets Headlines

All the headlines from our New Markets Topic Page, ordered by recency.

Gallagher’s Pen Enters Specialist Marine Market With Purchase of Tay River Holdings

Apr 3 2023 // Pen Underwriting, the London-based managing general agent and Arthur J. Gallagher subsidiary, announced it has acquired Tay River Holdings Ltd., which include its wholly owned marine specialist subsidiaries Vessel Protect,...

Markets/Coverages: Reinsurance Tech Firm Tremor Launches Cat Bond Issuance Platform

Mar 30 2023 // Tremor Technologies Inc., the Boston-based reinsurance pricing and placing platform, has launched a catastrophe bond issuance platform called Tremor Issuer™.Tremor Issuer is part of the suite of Tremor services that can...

HDI Global Specialty Launches Digital Platform for General Aviation in Canada

Mar 27 2023 // HDI Global Specialty SE (HDI) has launched a new insurance platform in Canada which delivers general aviation policies to brokers in minutes.The platform, called “Aviation IQ” delivers end-to-end digital...

First Cap Launches Admitted Homeowners Program for California

Mar 24 2023 // First Cap Property Insurance Solutions has launched a new admitted homeowners program for California.The program includes Coverage A Limits up to: $1.5 million for HO3 $1 million for DP3 $300,000 for HO6 $250,000 for...

Intangic MGA Launches Cyber Parametric Policy With Backing From AXA XL

Mar 16 2023 // Intangic MGA, a London-based cyber managing general agent (MGA), has been launched with capacity backing from AXA XL, offering new cyber insurance cover for large public corporations headquartered in the UK.The company is...

Wall Street Regulator Unveils New Hacking, Data and Market Resiliency Rules

Mar 15 2023 // The top U.S. markets regulator announced a package of proposed policies on Wednesday designed to harden the financial system against hacking, data theft and systems failure.At the start of a public meeting, the Securities...

First Cap Property Insurance Solutions Announces New Admitted Homeowners Program for California

Mar 15 2023 // First Cap Property Insurance Solutions is a San Diego, CA based MGU with a focus on niche property products. Our management and underwriting team have a long history of developing niche property programs for CA as far back...

Markets/Coverages: Coalition Enters UK Excess Cyber Insurance Market

Mar 13 2023 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it will enter the excess cyber insurance market in the United Kingdom to help protect businesses with enhanced coverage.By...

Raising the Curtain on the Recovery and Risks in the Entertainment Industry

Mar 10 2023 // When celebrities collect their Oscars on Sunday, none of them will thank insurers.But it’s the insurance industry that makes entertainment production possible, whether it’s movies, live concerts, or even a...

Markets/Coverages: Specialist Re/insurer Apollo Announces Partnership With Praedicat to Harness Emerging Risk Insights

Mar 10 2023 // Apollo, the London-based independent specialist insurer and reinsurer, announced a three-year agreement with Praedicat, the California-based emerging risk analytics and modeling company, that will deploy Praedicat’s...

UK Specialty MGA Nirvana Launches With ‘Ambitious Growth Plans’

Mar 9 2023 // Nirvana, a London-based managing general agent, has launched in London after acquiring leading media, tech and cyber underwriter, Nirvana Risk Partners, from the MGA formation platform Castel Underwriting Agencies in a...

New York City Launches Parametric Flood Program With Insurance, Tech Firms

Mar 8 2023 // Insurer Swiss Re Corporate Solutions, reinsurance broker Guy Carpenter, and the data technology firm ICEYE have teamed up with New York City government agencies to develop a pilot parametric flood recovery assistance...

Markets/Coverages: Verlingue Launches Dedicated Media Practice in UK

Mar 7 2023 // Verlingue Ltd., the UK chartered insurance broker, has established a dedicated media practice under plans to expand its presence in the fast-growing independent media sector.The team, headed up by Maia Olesen, client...

Markets/Coverages: CNA Hardy Launches 1st in Series of Products for Int’l Clients

Mar 1 2023 // CNA Hardy, the specialist commercial insurer that operates within the company and Lloyd’s markets, announced the launch of a new portfolio of bespoke package products built specifically for multinational businesses,...

Specialty Re/Insurer Canopius Expands in APAC, With Launch of Melbourne Office

Mar 1 2023 // Canopius Group, the global specialty re/insurer, announced the opening of a new trading office in Melbourne, Australia. The operation will be led by David Mutton, who joins Canopius as casualty underwriter, APAC with...

Consilium Launches Specialty Treaty Reinsurance Division

Feb 24 2023 // Consilium, the global speciality re/insurance broking business of the Aventum Group, announced the launch of a new Specialty Treaty Reinsurance division.The new treaty division will complement Consilium’s existing...

Markets/Coverages: CFC Launches Policy Encryption for Cyber Cover in Industry First

Feb 17 2023 // CFC Underwriting, the specialist managing general agent, announced it is introducing policy encryption for its cyber insurance policies – and is the first provider in the industry to do so.Leveraging its mobile app for...

Markets/Coverages: Beazley Launches Private Equity Liability Product for Portfolio Firms

Feb 16 2023 // Specialist insurer Beazley has launched a new private equity liability insurance product, designed to focus on the inherent directors and officers (D&O) risks within the long-term lifecycle of portfolios held by...

Coalition Cyber Insurance Now Offered to Large Enterprises With Revenue Up to $5B

Feb 14 2023 // Coalition announced it has expanded its cybersecurity insurance offering to enterprise businesses with revenues up to $5 billion.The company’s increased capacity above its existing limit of $1 billion comes from a...

Markets/Coverages: Apollo Launches Drone Insurance Facility in Partnership With MGA Moonrock

Feb 14 2023 // Apollo, the London-based independent specialist insurer and reinsurer, is providing capacity to Moonrock Drone Insurance, designed to provide coverage for larger commercial drone operations, meeting an increased demand in...