Latest New Markets Headlines

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

People Moves: Tokio Marine HCC Appoints Perez to Launch US Excess Casualty Business

Oct 17 2024 // Tokio Marine HCC (TMHCC), based in Houston, Texas, has announced the expansion of its specialty product offering with its entry into the Excess Casualty market. David Perez has been appointed as President, Excess Casualty,...

People Moves: Aon Reinsurance Solutions Announces New Senior Leadership Roles; Ryan Specialty Underwriting Managers Int’l Hires 3 in Leadership Team

Oct 16 2024 // This edition of International People Moves details appointments at Aon and Ryan Specialty Underwriting Managers International.A summary of these new hires follows here. Aon Announces New Senior Leadership Roles in U.S....

Markets/Coverages: QBE to Launch US Inland Marine With 3 Hires From AIG; Next Now Offers Standalone Pro Liability for Consultants

Oct 15 2024 // QBE International Markets will launch a new U.S. inland marine offering by 2025 across all 50 states as it expands its specialty product suite.The team and product will be added to QBE International Market’s growing...

Markets/Coverages: AEGIS London-Led Lloyd’s Consortium Launches $25M Miner Rescue Insurance Cover

Oct 10 2024 // The Lloyd’s insurance market’s only product writing cover for the rescue of miners trapped underground has more than doubled its available cover from $10 million to $25 million with a launch of a new consortium...

Munich Re Specialty to Enter Spanish Insurance Market

Oct 10 2024 // Munich Re Specialty announced it is entering the Spanish commercial market for primary specialty insurance, with an aim to begin underwriting in 2025.It has set up a Spanish branch of Munich Re Risk Solutions Ireland Ltd.,...

Amwins and Floodbase Launch Flood Insurance Program for California Municipalities

Oct 10 2024 // Amwins and Floodbase have launched a municipal flood insurance program designed to insure California municipalities against previously uncovered losses due to atmospheric river flooding.The flood program closes the...

Intersys Expands in UK Insurance Market With Launch of London Office

Oct 9 2024 // Intersys, the UK-based provider of cyber risk management solutions, announced its expansion in the UK insurance market with the opening of an office in Leadenhall Market in London.Intersys’ London office will serve...

Markets/Coverages: Beazley Launches Cyber Consortium for Large Corporates

Oct 8 2024 // Specialty insurer Beazley announced the launch of a cyber consortium that provides comprehensive cover for large corporates with a turnover in excess of $1 billion, infusing $100 million of new capacity into the cyber...

NCCI Unveils New, More Precise Workers’ Comp Medical Price Index

Oct 7 2024 // In recent years, workers’ compensation insurers have struggled to accurately gauge the precise trends in medical costs, and have had to rely on indexes that weren’t quite on-point: The U.S. Consumer Price Index...

The Fidelis Partnership Launches Specialty Reinsurance MGA

Oct 3 2024 // Pine Walk Capital Ltd., the specialist MGA incubator platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Silverflame Re, a new specialty reinsurance MGA.Silverflame Re will...

Markets/Coverages: MGA Verve Launches Captive Insurance Product and Broker Portal

Oct 1 2024 // Verve Risk Services, the London-based managing general agent, announced the launch of a captive insurance product and its “Verve Aura” broker portal, designed to meet evolving customer needs.Formed in 2016 and...

Acrisure Launches Bermuda Operation, Led by Industry Veteran Scope

Sep 26 2024 // Acrisure, the Grand Rapids, Michigan-based insurance broker and fintech specialist, has launched an office in Bermuda to focus on wholesale insurance broking for its global clients.Trading as Acrisure Bermuda Ltd., the new...

Markets/Coverages: Sompo Launches Marine Insurance Proposition for UK Market

Sep 25 2024 // Sompo, the Bermuda-based provider of commercial and consumer property/casualty insurance and reinsurance, announced the launch of a new national marine insurance proposition for the United Kingdom.Sompo’s Marine...

SURE and SageSure Launch Non-Admitted Business Owners Policy in California

Sep 24 2024 // SureChoice Underwriters Reciprocal Exchange in partnership with SageSure launched a non-admitted business owners policy in California. The program will service more than 400 business classes across eight industries,...

Lloyd’s Syndicate Firm Launches Professional Liability Insurer, Based in Charlotte

Sep 23 2024 // Beat Capital Partners, a London-based incubator of underwriting franchises and subsidiary of Ambac Financial Group, said it has launched a professional liability insurance company, based in Charlotte. ProRise Insurance...

Tokio Marine Kiln Launches Specialty Reinsurance Division

Sep 13 2024 // Tokio Marine Kiln (TMK), the international specialist insurer, announced the formation of a new Specialty Reinsurance division to support the company’s growth ambitions in the sector.The new division will be led by...

Arrowhead announces new carrier partnership for New Jersey homeowners

Sep 10 2024 // SAN DIEGO, CA., September 10, 2024 – Arrowhead General Insurance Agency, Inc. is pleased to announce its new carrier relationship with DB Insurance Company. Together we have introduced a new admitted homeowner’s...

Bishop Street Enters Commercial Lines With Acquisition of MGA Conifer

Sep 5 2024 // Bishop Street Underwriters, a multi-boutique insurance platform owned by RedBird Capital Partners, announced it has acquired Conifer Insurance Services a specialty commercial managing general agency from Conifer Holdings,...

People Moves: Acrisure Re Makes Leadership Changes in London; Dale Enters Int’l Professional Indemnity Market, Led by Barnes From Westfield

Sep 4 2024 // This edition of International People Moves details appointments at Acrisure Re and Dale Underwriting Partners.A summary of these new hires follows here. Acrisure Re Announces Leadership Changes in International Reinsurance...

Ascend Unveils Direct Bill Automation Solution for Insurance Brokers

Sep 4 2024 // Introducing the Only Comprehensive Platform for Agency Accounting OperationsSan Francisco, CA – September 4, 2024 – Ascend, the leading provider of accounting automation software to the insurance industry, is...