Latest New Markets Headlines

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

360 Coverage Pros Launches Tax Preparer Professional Liability Program

Mar 31 2021 // 360 Coverage Pros has launched a professional liability insurance program for tax preparers with an online application.The program features liability limits of up to $1 million and is designed for professionals providing...

RPS, AXIS Insurance Launch Coverage for Home-Based Businesses

Mar 30 2021 // E&S wholesale broker and managing general agency Risk Placement Services (RPS) has launched an insurance product for home-based businesses with AXIS Insurance that is available to purchase online.The quote-bind-issue...

Wisconsin’s Society Insurance to Enter Texas Hospitality Market

Mar 18 2021 // Wisconsin-based Society Insurance has plans to launch its insurance programs for the hospitality industry in Texas this year.In business for more than 100 years, Society Insurance offers property/casualty coverages,...

Sierra Specialty Launches Nationwide Agribusiness Program

Mar 8 2021 // Sierra Specialty has launched an agribusiness program now available in all 50 states. Sierra Specialty has sole authority to underwrite, bind, and issue policies for this program, focusing on the farming and agriculture...

CNA’s Cyber Risk Services Program, CNA CyberPrep, Launched in Canada

Mar 5 2021 // CNA announced that CNA CyberPrep, a proactive cyber risk services program, has been launched in Canada.Already available to CNA’s customers in the United States, CNA CyberPrep helps cyber policyholders with threat...

Specialty Re/insurer SiriusPoint Launches with More Than $3 Billion in Capital

Feb 26 2021 // SiriusPoint Ltd., the Bermuda-based international specialty insurance and reinsurance company, has launched today with more than $3 billion in initial capital.The company was created from the merger of specialty reinsurer...

Texas’ Upland Capital Group Launches Excess Transportation Liability Program

Feb 25 2021 // Newly launched specialty lines insurer, Dallas-based Upland Capital Group (Upland), has added an Excess Transportation Liability (XTL) specialty insurance offering targeting fleet sizes up to 250 revenue producing...

Furtschegger Appointed Global Head of Entertainment Line of Business at AGCS

Feb 24 2021 // Michael Furtschegger has been appointed as global head of Entertainment at Allianz Global Corporate & Specialty (AGCS), reporting directly to Dr. Renate Strasse, AGCS SE board member and chief underwriting officer...

Willis Towers Watson, Liberty Specialty Markets Launch Reputational Crisis Coverage

Feb 24 2021 // Willis Towers Watson and Liberty Specialty Markets have partnered to offer reputational crisis insurance that enables organizations to transfer the financial risk associated with certain types of reputational crises and...

HSB Launches Workplace Violence Insurance for Small Businesses

Feb 18 2021 // HSB, part of Munich Re, has created a new workplace violence insurance coverage for small to mid-size businesses, providing counseling, crisis communications, lost business income and security services to help companies...

Kin Insurance Launches Landlord Insurance in Florida Market

Feb 11 2021 // Kin, an insurance technology company, has launched its landlord insurance plans in the Florida market.Kin’s landlord insurance applies to property owners who rent out their detached homes and townhouses. It also...

Ambac Financial Launches Specialty Insurance Group Everspan

Feb 10 2021 // Financial holding company Ambac Financial Group has launched Everspan Group, capitalized with more than $100 million, to focus on writing specialty program insurance business.Everspan Group’s insurance companies...

McGriff Launches On-Demand Excess Liability Product for Freight Brokers

Feb 8 2021 // McGriff has launched a new product that gives freight brokers the ability to purchase excess auto liability coverage online.TripExcess is a per-shipment excess liability product that will allow shippers, 3PL/brokers and...

USAA, Serving Military and Veterans, Enters Small Business Insurance Market

Feb 8 2021 // The insurer that targets members of the military and veterans, USAA, is going to start writing its own small business insurance policies for the first time.The company will initially offer the coverage in five states...

Mosaic Launches Bermuda-Based Specialty Insurer, Along with Lloyd’s Syndicate 1609

Feb 4 2021 // Mosaic, a Bermuda-based global specialty insurer, has launched operations in Bermuda, London, the United States and Asia, along with a newly formed Lloyd’s syndicate.Operating with initial capitalization of $185...

AXA XL Launches Builders Risk Coverages for Mass Timber Construction Projects

Feb 3 2021 // AXA XL’s North America Construction business has launched builders risk insurance programs to address mass timber project risks for construction clients.Mass timber building materials, which includes cross laminated...

Branch Insurance Enters Indiana with Bundled Home, Auto Coverage

Feb 3 2021 // Branch Insurance, based in Columbus, Ohio, has expanded into Indiana.Using technology and automation, the company offers bundled home and auto insurance online. Branch’s entry into Indiana marks the company’s...

USAA, Serving Military and Veterans, Enters Small Business Insurance Market

Jan 28 2021 // The insurer that targets members of the military and veterans, USAA, is going to start writing its own small business insurance policies for the first time.The company will initially offer the coverage in five states –...

Insurance Industry Veterans Launch Upland Capital Group in Dallas

Jan 25 2021 // Upland Capital Group (Upland), a Dallas-based specialty insurance business led by long-time insurance and investment executives has opened for business.Upland is funded through an equity investment of up to $200 million...

Liberty Specialty Markets Launches German Terrorism Insurance Coverage

Jan 20 2021 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched new terrorism insurance coverage in the German market, effective immediately.Since LSM entered the market in 2018, business written used...