All the headlines from our New Markets Topic Page, ordered by recency.
Sep 29 2022 // Optio Group, the London-based specialty managing general agent (MGA), announced it will launch an MGA and reinsurance broker in Dubai, subject to final approvals from the UAE regulatory authorities. Both businesses are...
Sep 28 2022 // Resilience, the San Francisco-based cyber managing general agent, has launched an operation in London to serve the UK market.In a deal brokered by Lockton Re LLP, this expansion is backed by a capacity agreement with HDI...
Sep 23 2022 // Marsh announced that U.S. clients now have the option to pay their Marsh service fees in voluntary carbon offset credits and renewable energy certificates (RECs). The move – believed to be a first-of-its-kind in the...
Sep 22 2022 // Berkshire Hathaway Specialty Insurance (BHSI) announced the introduction of new property damage, general liability, D&O, professional indemnity and marine cargo insurance policies in Spain.“Launching our...
Sep 20 2022 // SURE, the member-owned insurance company for reliable coastal property protection, today announced its expansion into commercial insurance in Louisiana. Small and mid-sized Louisiana business owners can now bundle general...
Sep 13 2022 // Scottish American, a wholesale insurance brokerage, managing general agency, and program manager based in Grapevine, Texas, announced that it has launched its new program, Contractors Guard, a general liability program...
Sep 13 2022 // Uncertain times are challenging for reinsurers. Claims may jump, and investment losses may dent profitability and possibly capital. However, uncertain times can also be good for reinsurers. Demand for reinsurance...
Sep 8 2022 // Westfield said it has expanded into the international specialty insurance market by buying Lloyd’s Syndicate 1200 from Argo Group International Holdings for about $125 million.The acquisition is expected to close...
Sep 6 2022 // Coalition, the San Francisco-based cyber managing general agent, began trading in the UK, effective Sept. 1, and has opened a London office.Backed by a multi-year capacity agreement with Allianz Global Corporate &...
Aug 10 2022 // Tennessee regulators, who for years have touted the state as a comfortable home for captive insurance companies, have announced that the state government has created its own captive.The state is self-insured for property...
Aug 9 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and Hannover Re.A summary of these new hires follows here. BHSI Enters Commercial Hull in Australasia, Hiring Hesson...
Aug 4 2022 // At-Bay Expands Insurance Offerings With Launch of Miscellaneous Professional LiabilityAt-Bay announced the launch of its Miscellaneous Professional Liability (MPL) product, becoming the first to offer an automatically...
Aug 4 2022 // EIS, a system and digital insurance platform provider, has acquired San Francisco, California-based Metromile’s Enterprise Business Solutions, a SaaS-based claims automation and fraud detection system from...
Jul 28 2022 // Los Angeles, CA., June 27, 2022 – The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, on June 1, 2022, launched their new Global...
Jul 26 2022 // Openly Starts Openly Insurance Company, a Licensed Homeowners Insurance CarrierOpenly announced the launch of the Openly Insurance Company, a homeowners insurance carrier licensed in 17 states. Openly had formerly...
Jul 13 2022 // New Jersey-headquartered Specialty Program Group (SPG) said it has acquired ESP Insurance Brokerage, a national insurance broker and program administrator for the sports, events and promotion marketing and entertainment...
Jul 8 2022 // Home services firm Porch Group announced the expansion of its homeowners insurance services, Homeowners of America (HOA), to Delaware, its 19th state.Porch Group is a Seattle-based, technology platform that provides...
Jul 7 2022 // Ryan Specialty announced it has opened an office in Madrid as a next step in the evolution of the firm’s transactional risk managing general underwriter, Ryan Specialty Transactional Risks International.Madrid is the...
Jun 29 2022 // SureChoice Underwriters Reciprocal Exchange launched its first commercial insurance product for small- and medium-sized businesses in Texas.SURE’s business owners policy combines both property and general liability...
Jun 28 2022 // Insurance broker Marsh announced the launch of its Cyber Incident Management (CIM) service to support clients headquartered in the UK and Continental Europe to prepare for, respond to, and recover from cyber incidents, as...