Latest New Markets Headlines

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

Marsh Unveils 15 Cybersecurity Vendors Insurers Rate Most Effective

Jan 14 2021 // Global insurance broker Marsh has unveiled for the second time its group of Cyber Catalyst designated products and services judged by leading cyber insurers to be effective in combating significant cyber risks, including...

Core Specialty Partners, Lancer Launch Excess Transportation Program

Jan 13 2021 // Core Specialty Insurance Holdings and its subsidiaries have partnered with Lancer Management Co. to provide excess liability limits for qualified local, intermediate and long haul trucking accounts as well as general...

Willis Towers Watson Launches Suite of Cyber Risk Management Assessments

Jan 12 2021 // Insurance broker Willis Towers Watson has introduced two new cyber risk assessment services – the Workforce Cyber Culture Assessment (WCCA) and the Ransomware Risk Assessment (RRA)Willis Towers Watson describes the WCCA...

Marsh Launches UK & Ireland Sharing Economy & Mobility (SE&M) Industry Group

Jan 6 2021 // Marsh, the insurance broker and risk adviser, has launched a dedicated Sharing Economy & Mobility (SE&M) industry group in the UK & Ireland.Led by Sam Tiltman, the group brings together over 25 sector...

New Group Launched for Senior Claims Managers in London Insurance Market

Dec 22 2020 // A new group for senior claims managers in the London insurance market has been established by the International Underwriting Association (IUA).The Claims Strategy Committee will oversee and coordinate all claims-related...

Lloyd’s Syndicate Dale and DUAL Launch MGU with Focus on U.S. Property Insurance

Dec 21 2020 // Dale Underwriting Partners and DUAL announced a new joint venture, Dale DUAL MGU Ltd. (DDML), in collaboration with Aviva with immediate effect. This partnership has been brought together by Howden Reinsurance Broking led...

New Capital Entering Market Unlikely to Quickly Soften Rates: Vantage Risk CEO

Dec 21 2020 // Greg Hendrick, CEO and co-founder of the new reinsurance and insurance company Vantage Risk, isn’t too concerned about the new capital that has been pouring into the market this year, and its potential to drive down...

Wright National Launches Admitted Residential Flood Insurance Product in Texas

Dec 15 2020 // Wright National Flood Insurance Services has introduced an exclusive, admitted, stand-alone flood product in Texas: Wright Residential Private Flood Insurance.The product, which became available on Dec. 14, will be sold...

New Capital Entering Market Unlikely to Quickly Soften Rates: Vantage Risk CEO

Dec 11 2020 // Greg Hendrick, the CEO and co-founder of the new reinsurance and insurance company Vantage Risk isn’t too concerned about the new capital that has been pouring into the market this year, and its potential to drive...

Alphabet Inc.’s Waymo Launching Autonomous Vehicle Testing Site in Ohio

Dec 3 2020 // Waymo plans to open a new testing site in Ohio for its driverless autonomous vehicles that will focus on dense, urban areas, the company has said.The new site being built at the Transportation Research Center near Columbus...

Automakers Unveil Steps for U.S. to Speed Up Self-Driving Vehicle Deployment

Dec 3 2020 // A group representing major automakers is unveiling a detailed proposal Wednesday aimed at making it easier to deploy thousands of self-driving vehicles in the coming years, according to a document seen by Reuters.The...

Insurtech Blink Launches Non-Damage Business Interruption Parametric Solution

Nov 20 2020 // Irish insurtech Blink has launched a hurricane non-damage parametric insurance solution which provides liquidity to small and medium-sized businesses in the immediate aftermath of a natural disaster.Called “Blink...

HSB Canada Launches ‘Sensor Systems by HSB’ to Help Cut Commercial Water Claims

Nov 19 2020 // HSB Canada, part of Munich Re, has introduced “Sensor Systems by HSB,” a turnkey solution to help insureds reduce common property claims. The program monitors, predicts and alerts customers to risk events...

Risk Placement Services Launches Online Commercial Crime Product

Nov 16 2020 // E&S wholesale broker and managing general agency Risk Placement Services has launched a commercial crime insurance product to cover losses resulting from fraud committed by internal and external parties.Available to...

Specialty Re/insurer Chaucer Launches Bermuda Reinsurance Branch for U.S. Business

Nov 16 2020 // Chaucer, the London-based specialty re/insurance group, announced the launch of a reinsurance branch in Bermuda to provide U.S. clients with greater access to its underwriting expertise and capacity. This follows the...

Orchid Insurance, Homesite Launch Homeowners Insurer TRUE in Florida

Nov 16 2020 // Orchid Underwriters Agency, LLC (Orchid), a specialty underwriter of catastrophe-exposed property insurance, and Homesite Group, a national property insurer, have created TRUE, a reciprocal insurance company to protect...

Homeowners Insurer Openly Enters Ohio

Nov 13 2020 // Boston-based Openly is now selling homeowners insurance in Ohio.Ohio homeowners and independent agents can now buy Openly’s premium insurance, obtaining quotes in 15 seconds, according to the company’s media...

Applied Underwriters Announces Formation of Applied Specialty Underwriters, Names Christopher Day President of the New Company

Nov 5 2020 // Applied Specialty Underwriters will concentrate on Casualty E&S markets nationwide, initially focusing on New York construction risks.Omaha, NE, November 5, 2020 — Steve Menzies, CEO of Applied Underwriters,...

Starr’s Marine Division Launches Terminal Management System Loss Control Program

Nov 3 2020 // Starr Marine, a division of Starr Insurance Companies, has introduced a Terminal Management System (TMS) Assessment Program, designed to help Starr clients identify and reduce the risks unique to marine terminal operations...

Integrated Specialty Coverages Launches Investor Property Insurance Program

Oct 30 2020 // Integrated Specialty Coverages (ISC), a program administrator developing insurance products utilizing artificial intelligence (AI) technology and analytics, has launched its Investor Property Program designed to address...