Rochelle Park, NJ, August 7, 2024- Sapiens International Corporation,, a leading global provider of software solutions for the insurance industry, today announced that Continental General Insurance Company, a life, accident, and health insurance company, has selected Sapiens as a technology partner to help accelerate operations, modernize its platform for…
Reinsurance
Oscar Health, Inc., a leading healthcare technology company, today announced its financial results for the second quarter ended June 30, 2024. “Oscar reported strong second quarter results, closing out the best six months in the company’s history, "said Mark Bertolini, CEO of Oscar Health.“ We continued to report robust revenue growth, improved operating margin,…
IGI is an international specialist insurance group with deep technical expertise providing coverage across a diversified portfolio of specialty lines. Track Record of Maximizing Total Value Creation. IGI completed a business combination with Tiberius Acquisition Corp. and began trading on Nasdaq on March 18, 2020.
STATEMENT AS OF JUNE 30, 2024 OF THE MBIA Insurance Corporation. STATEMENT AS OF JUNE 30, 2024 OF THE MBIA INSURANCE CORPORATION. Accounting Practices The statutory financial statements of MBIA Insurance Corporation ( " MBIA Corp." or the "Company") are presented on the basis of accounting practices prescribed or permitted by the New York State Department of…
Continued Strength in Global Housing. ATLANTA, August 6, 2024- Assurant, Inc., a leading global business services company that supports, protects and connects major consumer purchases, today reported results for the second quarter ended June 30, 2024. "Our second quarter and year-to-date results demonstrate the continued strength of our portfolio of…
Assurant, Inc., a leading global business services company that supports, protects and connects major consumer purchases, today reported results for the second quarter ended June 30, 2024. “Our second quarter and year-to-date results demonstrate the continued strength of our portfolio of businesses, led by strong performance in Global Housing.
Porch Group, Inc., a homeowners insurance and vertical software platform, today reported second quarter results through June 30, 2024, with total revenue of $110.8 million, which increased 12% compared to the prior year. GAAP net loss was $64.3 million, an improvement of $22.6 million compared to the prior year, and Adjusted EBITDA Loss was $34.8 million, an…
Porch Group, Inc., a homeowners insurance and vertical software platform, today announced it has filed a new and updated application to form and license a Texas reciprocal insurance exchange with the Texas Department of Insurance. If approved and fully implemented as proposed, Homeowners of America Insurance Company, Porch’ s homeowners insurance carrier,…
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of“ bbb+” to American Century Life Insurance Company. The outlook assigned to these Credit Ratings is stable. American Century is licensed to operate in 40 states, with its premium and distribution concentrated in Texas, where the company was domiciled prior to 2023.
HAWTHORNE, Aug. 6– Ultimate Risk Solutions is pleased to announce a global cooperation with Howden, who has become a new client for URS' advanced risk-management suite. Ultimate Risk Solutions announces Global Partnership with Howden Group. "We are thrilled to collaborate with the Howden team," said Werner Bugl, Member of the URS Executive Committee.
Otakar Hubschmann is promoted to the newly created position of Chief Artificial Intelligence Officer, to lead TransRe’ s Artificial Intelligence Team. Socrates Pichardo, TransRe’ s Chief Technology Officer, joins TRAIT. Established in 1977, TransRe is the brand name for Transatlantic Holdings, Inc., and its subsidiaries.
Rochelle Park, NJ, August 6, 2024- Sapiens International Corporation,, a leading global provider of software solutions for the insurance industry, today announced that Rockford Mutual Insurance Company has selected Sapiens ReinsurancePro to fully automate their reinsurance management processes, to maximize efficiency and profitability, and mitigate…
Bowhead Specialty Holdings Inc., a growing specialty lines insurance group focused on providing casualty, professional liability and healthcare liability insurance products, today announced financial results for the second quarter ended June 30, 2024*. Gross written premiums increased 50.4% to $175.5 million. Net income of $5.5 million, or $0.20 per…
Name of individual, association, political subdivision, or public higher education system represented. Yes I, and/or the lobbyists I am reporting for, attempted to influence administrative action on behalf of this entity during the period covered by this report. No I, and/or the lobbyists I am reporting for, attempted to influence the official action of the…
NA= Final comparable industry data will not be available until our third quarter report. Represents net premiums written as reported by A.M. Best Company, Inc. Represents Progressive's private passenger auto business, including motorcycle insurance, as a percent of the private passenger auto insurance market. Represents average compounded rate of…
Old Glory Bank, the pro-America online community bank, introduces Old Glory Protect, a $100,000 Line-of-Duty Death Benefit for our Protectors who pay the ultimate sacrifice. Old Glory Bank protects those who protect you. This Line-of-Duty Death Benefit is free to Old Glory Protectors, who simply have an account at Old Glory Bank and maintain an aggregate…
Hadron, which provides flexible capacity and access to bespoke reinsurance solutions to specialty and commercial P&C underwriters, today announced continued momentum in its UK business as it strengthens its executive team and aligns the company under the Hadron name. Hadron entered the UK market in February 2024 with its acquisition of Folgate, an…
Health insurance rates on the individual market may rise 5.5% next year. Jared Polis thinks they are. "Colorado is leading the nation in saving people money on health care," he said in a news release.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of the main subsidiaries of The Travelers Companies, Inc., collectively known as Travelers Group. In addition, AM Best has affirmed the FSR of A++ and the Long-Term ICRs of“ aa+” of Travelers Casualty and Surety Company of America and Travelers Insurance Company of…