Latest New Markets Headlines

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

Markets/Coverages: Lockton Caribbean & Central America Launches Food, Agriculture & Beverage Broking Practice

May 23 2024 // Lockton Caribbean & Central America (CCA) announced the launch of CCA FAB, the insurance broking industry’s first Food, Agriculture & Beverage practice that focuses exclusively on the region.The new Food,...

Markets/Coverages: MGA OpenRoad Enters Collector Vehicle Insurance Market

May 21 2024 // Managing general agency Open Road Insurance announced its entry into the marketplace for collector vehicle auto insurance with its first license in Texas, and plans to launch in other U.S. states later this summer.National...

How to Succeed in the Entertainment Insurance Business: Get creative producing with a small cast of underwriters and limited capacity.

May 20 2024 // Even during the post-pandemic boom in the entertainment industry, when event and live performance venue attendance reached pre-COVID-19 levels, insurance markets in the sector could be difficult.Now, the post-pandemic...

CyberTrust Massachusetts Launches Cybersecurity Services for Cities and Towns

May 17 2024 // The nonprofit CyberTrust Massachusetts recently launched cyber assessment and monitoring services to help cities and towns in the state address the trend of escalating cyber attacks, ransomware, infrastructure disruption...

Markets/Coverages: Coalition Enters Excess Cyber Insurance Market in Australia

May 15 2024 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it entered the excess cyber insurance market in Australia, enabling businesses to add a layer of risk management to their...

Everest Insurance Launches in Australia, Expanding Its Asia-Pacific Business

May 14 2024 // Everest launched its Australian Insurance operations after receiving approval from the Australian Prudential Regulation Authority.The business will operate under the name Everest Insurance Australia with offices in Sydney...

Markets/Coverages: WTW Launches Facility for Cargo and War-on-Land Risks in Ukraine

May 14 2024 // Insurance broker WTW announced a partnership with Ukrainian insurer, VUSO, to provide a London-market-backed facility covering cargo and, crucially, war-on-land risks.This exclusive facility – which WTW describes as a...

Tech Update: WTW, Riskonnect Launch Risk Diagnostic Tool for Workers’ Comp

May 13 2024 // Insurance broker WTW has formed a partnership with Riskonnect to pilot an analytical delivery tool that connects claims and exposure data through its new offering WTW Risk IQ API (application programming interface).The...

Markets/Coverages: Mosaic Launches Suite of Professional Liability Products for Specialist Engineers

May 10 2024 // Mosaic Insurance, the Bermuda-based specialty insurer, has launched a suite of professional liability products for specialist engineers, offering $15 million in targeted primary coverage for unique risks.The new form...

Texas Launches Compensation Program for Border Property Crime Damage

May 10 2024 // Texas landowners along the U.S.-Mexico border who have experienced damage caused by border property crime can now file for reimbursement of up to $75,000, attorney general Ken Paxton announced this week.Texas lawmakers...

Markets/Coverages: FloodFlash Launches New Parametric Auto Dealer Program

May 10 2024 // FloodFlash has added a dealer program in its efforts to support more U.S. businesses ahead of a hurricane season that is widely anticipated to be amongst the worst in recent memory.Stored on large, flat areas of often...

Markets/Coverages: Marsh Launches Insurance for EU Crypto-Asset Service Providers

May 8 2024 // Insurance broker Marsh announced the launch of MiCAssure, a proprietary insurance solution for crypto-asset service providers such as custodians, exchanges, and administrators operating within the European Union (EU),...

Skyward Specialty Announces Pricing of Secondary Offering of Common Stock

May 7 2024 // Skyward Specialty Insurance Group, Inc.announced the pricing of its secondary offering of 4,400,000 shares being offered by The Westaim Corporation, through its wholly-owned subsidiary, Westaim HIIG GP Inc. (the...

Markets/Coverages: Resilience Announces New Cyber Loss Prevention Tools; Amwins Forms New Transportation Entity; Aon Launches Suite of Risk Analyzer Tools

May 2 2024 // Resilience announced new integrated capabilities that enable enterprises to continuously monitor and prioritize their mitigation and transfer of cyber risk.Following the launch of Technology Errors and Omissions (E&O)...

Markets/Coverages: Relm Launches Employment Practices Cover for Capacity Demands

May 1 2024 // Relm Insurance, a Bermuda-based specialty insurance carrier, unveiled its Comprehensive Employment Practices offering, responding to industry demand to address capacity scarcity.The enhancements of the new policy, payable...

People Moves: BMS Launches Global Healthcare Liability Unit, Led by Wendin From Carpenter; Gallagher Re Taps Hiscox’s Marling as UK COO

May 1 2024 // This edition of International People Moves details appointments at re/insurance brokers BMS and Gallagher.A summary of these new hires follows here. BMS Launches Global Healthcare Liability Unit, Led by Wendin From...

Africa Specialty Risks Launches ASR Syndicate 2454 at Lloyd’s

Apr 29 2024 // Africa Specialty Risks (ASR), the pan-African focused re/insurance group, has launched ASR Syndicate 2454 focused on underwriting business across Africa. It is the first African-focused syndicate writing business at...

Orion180 Launches Homeowners Insurance in Arizona

Apr 26 2024 // Orion180 is expanding its homeowners insurance services to Arizona under a push by the company into the Western U.S. Orion180 currently operates in Alabama, Arizona, Georgia, Indiana, Mississippi, North Carolina and South...

Markets/Coverages: Ariel Re and Hiscox Re & ILS Launch Cyber Catastrophe Consortium

Apr 25 2024 // Re/insurer Ariel Re and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of insurer Hiscox, announced the launch of CyberShock, a cyber catastrophe consortium.The CyberShock consortium is designed...

Maryland Launches Programs to Help Port of Baltimore Businesses and Workers

Apr 17 2024 // Maryland Gov. Wes Moore announced last Friday the start of a program to help Port of Baltimore businesses retain employees in the aftermath of the Francis Scott Key Bridge collapse.The $12.5 million program aims to prevent...