Latest New Markets Headlines

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

Markets/Coverages: Howden Launches Climate Parametrics Practice to Help Clients Derisk Net-Zero Climate Transition

Oct 17 2023 // Howden, the London-based insurance group, announced the creation of Howden Climate Parametrics, a global practice that brings together re/insurance, climate, and data expertise to focus parametric risk transfer solutions...

Markets/Coverages: Howden Launches Innovation Hub With £500M of Delegated Underwriting Capacity, Commits £10M for Insurtech Funding

Oct 16 2023 // Howden, the London-based insurance group, has launched Howden Ventures, subject to Lloyd’s approval, with £500 million ($607.1 million) of delegated underwriting capacity, to create an investment and risk incubator...

Markets/Coverages: Irish MGA iSure Launches Professional Indemnity Facility

Oct 10 2023 // iSure, the specialist SME managing general agent in Ireland, part of the re/insurance MGA Rokstone, has announced the launch of a professional Indemnity (PI) facility with a €2 million primary and a €3 million excess...

People Moves: Marsh Promotes Pellegrini to US, Canada Specialty Lead; CRC Group Announces Executive Leadership Appointments

Oct 6 2023 // Pellegrini Appointed Marsh Specialty Leader for US and CanadaBroker Marsh said it promoted Michael Pellegrini to head of Marsh Specialty in the US and Canada. Effective immediately, Pellegrini will oversee Marsh’s...

Markets/Coverages: Coalition Exec Risk Insurance Now on Surplus Paper; ISO Adds 160 New BOP Classifications; MGU Verita Launches

Oct 5 2023 // Coalition’s Executive Risks Insurance Now Available On Surplus Lines PaperCoalition announced its executive risks insurance products are now available on surplus lines paper, making comprehensive management liability...

People Moves: DUAL Launches Marine Hub in Rotterdam, Hiring 2 Former MS Amlin Underwriters; Generali Taps Allianz’s Terzariol to Lead Newly Created Insurance Division

Oct 4 2023 // This edition of International People Moves details appointments at DUAL Europe and Generali.A summary of these new hires follows here. DUAL Launches Marine Hub in Rotterdam, Hiring 2 Former MS Amlin UnderwritersDUAL Europe...

Markets/Coverages: Cyber MGA Measured Insurance Launches AI-Driven Cover for SMEs

Sep 29 2023 // Measured Analytics and Insurance, the Salt Lake City, Utah-based cyber insurance MGA, announced the launch of its insurance product, CyberGuard 2023, for the protection of small-and-midsize enterprises (SMEs).With its...

Markets/Coverages: Specialty MGA Nirvana Launches European W&I Binder

Sep 20 2023 // Nirvana, the London-based media, tech and cyber managing general agent (MGA), has launched its new European SME Warranty and Indemnity (W&I) binder.The team has a total available line size of €20 million ($21.4...

Everest Insurance Launches Dedicated Wholesale, Programs Market Division in US

Sep 19 2023 // Everest Insurance, the insurance division of Everest Group Ltd., has launched a dedicated U.S. Wholesale and Programs Division to serve the distinct and evolving needs of this market. “This dedicated offering...

SiriusPoint Announces MGA Partnership with Nordic Marine Insurance

Sep 19 2023 // SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Stockholm-based Nordic Marine Insurance have announced a new strategic partnership.Founded in 2012, Nordic Marine is a managing general agent that...

Chinese Police Detain Staff of Evergrande Unit as Property Crisis Enters New Phase

Sep 18 2023 // Authorities detained some staff of the money management business of China Evergrande Group, a sign that the saga around the defaulted developer at the heart of the nation’s property crisis has entered a new phase...

People Moves: Sompo International Announces New UK Leadership Team; SiriusPoint Names Smyth Head of Marine, Active U/W for Syndicate 1945

Sep 15 2023 // This edition of International People Moves details appointments at Sompo International and SiriusPoint.A summary of these new hires follows here. Sompo International Announces New UK Leadership TeamSompo International, the...

Markets/Coverages: US Cyber Industry Loss Index Launched by Perils, CyberAcuView

Sep 12 2023 // A U.S.-focused Cyber Industry Loss Index has been launched by Zurich-based Perils and CyberAcuView, an independent U.S.-based organization formed by leading cyber insurers, to keep capital flowing in the cyber insurance...

Markets/Coverages: Reinsurance MGA Envelop Risk Launches Program to Aid Cedents’ Entry Into Cyber

Sep 11 2023 // Envelop Risk, the UK-based cyber re/insurance and analytics specialist, announced the launch of a program for cedents that want to enter the cyber risk market or expand their existing participation.The initiative, called...

Markets/Coverages: Carpenter Launches Update of Catastrophe Analytics Platform

Sep 8 2023 // Guy Carpenter, the reinsurance business of Marsh McLennan, announced the launch of the next generation of its catastrophe analytics platform, GC AdvantagePoint.The updated platform features new technology that will improve...

Ohio Bureau of Workers’ Compensation Announces 3.9% Rate Reduction for Public Employers in 2024

Aug 30 2023 // The Ohio Bureau of Workers’ Compensation announced a 3.9% rate reduction for the state’s public employers, a rate cut that will go into effect Jan. 1, 2024.The rate reduction will result in nearly $8 million...

Wright Flood to Launch Residential, Private Flood Insurance Option in 5 States

Aug 22 2023 // Wright National Flood Insurance Services introduced FocusFlood, the company’s newest product and an extension of its popular ResiFlood program, into Florida, Texas, New Jersey, South Carolina and Louisiana.Written on...

Amwins Specialty Auto Launches in Oklahoma

Aug 21 2023 // Amwins announced Amwins Specialty Auto, in partnership with Agricultural Workers Mutual Auto Insurance Company, will launch a new private passenger automobile program in Oklahoma.Both Amwins Specialty Auto and Ag Workers...

Amwins Specialty Auto Launches Oklahoma Program

Aug 21 2023 // CHARLOTTE, N.C., Aug. 21, 2023 – Amwins today announced Amwins Specialty Auto, in partnership with Agricultural Workers Mutual Auto Insurance Company, will launch a new private passenger automobile program in...

Markets/Coverages: Chubb Launches Vehicle Tracking System in UK to Stymie Car Theft

Aug 15 2023 // Chubb has launched a vehicle tracking system in the UK to help protect the insurer’s customers from car theft.With criminals now often targeting high-value vehicles – particularly “keyless” models –...