Latest New Markets Headlines

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

Branch Launches in Missouri, Offering Home, Auto Insurance

Jan 23 2020 // Columbus, Ohio-based Branch has launched statewide in Missouri, offering home and auto insurance.Branch said using technology and automation it has developed a way to bundle home and auto insurance with just two questions,...

Sedgwick Acquires Restoration Industry Billing Software Firm, G&E Enterprises

Jan 16 2020 // Insurance and benefits claims firm Sedgwick reports it has acquired Chattanooga, Tennessee-based G&E Enterprises.G&E Enterprises is a tome and material billing and data management system for insurance restoration...

Beazley and RenaissanceRe Launch Cyber Catastrophe Cover Backed by Capital Markets

Jan 9 2020 // Specialist insurer Beazley and reinsurer RenaissanceRe have jointly launched a product that provides Beazley with additional catastrophe cover for cyber events. The majority of the security behind the deal will be provided...

Iowa’s Collins Community Credit Union, Coverage Direct Partnering on Launch of Collins Insurance

Dec 27 2019 // Collins Community Credit Union is launching Collins Insurance, a partnership with West Des Moines, Iowa-based, independent insurance agency, Coverage Direct.This partnership will provide Collins Community Credit Unions...

Allianz UK Launches ‘Cyber Select’ Offering for Mid-Size Corporations

Dec 12 2019 // Allianz UK has launched Cyber Select, a cyber offering designed primarily for mid-corporate businesses.Cyber Select’s cover is designed to deal with the consequences of unauthorized use of IT systems and data...

MetLife to Enter Pet Insurance Market with Acquisition of PetFirst Program

Dec 5 2019 // MetLife has agreed to acquire PetFirst Healthcare, a pet insurance program administrator that currently distributes its pet insurance products through animal welfare agencies, direct-to-consumer channels and...

Berkley One Launches Flood Product in New Jersey; Expands Coverage in Vermont, Mass.

Dec 4 2019 // Berkley One (a Berkley Company), a startup insurance provider high net worth individuals and families, has introduced a new excess flood product, as well as broader geographical capabilities with a launch in Vermont and...

Preferred Property Program Launches D&O Policy for Community Associations

Dec 3 2019 // Preferred Property Programs (PPP), a division of Jacobson, Goldfarb & Scott, Inc. (JGS Insurance), has released a national insurance product for community associations. In conjunction with AXA XL, a division of AXA,...

Insurer Brit Ltd. Launches E-trading Cyber Portal

Nov 15 2019 // Brit Ltd., the London-based insurer, announced it has launched an online platform for cyber risks in both the U.K. and the U.S., targeting small and medium sized enterprises (SMEs) in both regions.The portal will give...

Insurtech Root Expands Into Renters Market; Product Launched in 3 States

Nov 14 2019 // Root Insurance, a property casualty insurtech, has launched a streamlined renters insurance designed and personalized for consumers starting at $6 a month.In addition to covering customers’ personal property and...

PURE Programs Launches California High Wildfire Risk Homeowners Program

Nov 13 2019 // PURE Programs has launched a new High Wildfire Risk Homeowners Insurance program, with coverages for retail insurance brokers serving clients that own high value homes in California at greater-risk of loss from...

Insurtech Pie Launches TV Campaign in California for Workers’ Comp

Nov 12 2019 // Workers’ compensation insurtech Pie Insurance has launched its first national television advertisement campaign with an initial focus in California.The two 30-second spots depict Pie coming to the rescue,...

EPIC Launches Site Pollution Liability Insurance Program for Cannabis Risks

Nov 12 2019 // Greyling Insurance Brokerage & Risk Consulting (Greyling), a division of EPIC Insurance Brokers & Consultants (EPIC), has launched a nationwide site pollution liability insurance program for the emerging cannabis...

Hamilton’s Pembroke Managing Agency Forms Cyber Team, Launches Cyber Product

Nov 6 2019 // Hamilton Insurance Group Ltd. announced the launch of a new team of underwriters at the recently acquired Pembroke Managing Agency Ltd. and the development of a new cyber product.Pembroke’s four-person cyber team is...

Ascot Launches U.S. Management Liability and Financial Institutions Unit

Nov 5 2019 // Ascot is launching a Management Liability and Financial Institutions group, led by Ryan Becker as executive vice president.The new group will offer a wide range of admitted and non-admitted, primary and excess directors...

North Dakota Unveils New Mapping Tool for Flood Risks

Nov 4 2019 // The North Dakota Water Commission unveiled a new interactive mapping tool that provides residents and community leaders with information on potential flood risks.It shows where flooding might occur and to what extent it...

TMK Launches Flagship Cyber Product, Cyber Ctrl, in Asia

Oct 31 2019 // Tokio Marine Kiln (TMK) has launched its flagship cyber product, Cyber Ctrl, targeted at insurers in Asia.The product covers a range of first party losses including business interruption and provides clients with crisis...

Miami Specialty Risk Launches Lloyd’s-Backed Cyber, Technology E&O Facility

Oct 31 2019 // Miami Specialty Risk has launched a new cyber and technology E&O facility available in all 50 states. Backed by Lloyd’s of London, the Miami Specialty Risk facility is comprised of three products: SME Cyber and...

BHSI Enters Australia Surety Market, Hiring Griffiths from Liberty Specialty to Lead Team

Oct 21 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced it is entering the surety market in Australia and has named Jonathan Griffiths as head of Surety, Australia.BHSI will focus on providing contract surety solutions for...

London-Based MGA Castel Specialty Enters Construction and Engineering Market

Oct 17 2019 // Castel Specialty, the London-based division of club-style MGA formation platform Castel Underwriting Agencies Ltd., has entered the construction and engineering market, primarily focused on the UK, North America,...