AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Kuwait Insurance Company S.A.K.P.. The outlook of these Credit Ratings is stable. The ratings reflect KIC’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate…
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–Sompo, a leading global provider of commercial and consumer property and casualty insurance, today announced the appointment of Thomas Leone as Chief Investment Officer, effective October 1, 2024. Mr. Leone will report to Nicolas Burnet, Chief Financial Officer for Sompo and will be based in the insurer’ s Purchase, NY office. Mr. Leone joins Sompo from PartnerRe,…
AXIS Appoints Paul Boulos and Rob Ryan to Head Ocean Marine in the US Company Release- 6/ 5/ 2024 11:15 AM ET Download the PDF version PDF Format PDF AXIS Appoints Paul Boulos and Rob Ryan to Head Ocean Marine in the US. PEMBROKE, Bermuda, June 5, 2024- AXIS Capital Holdings Limited today announced the appointments of Paul Boulos and Rob Ryan as Heads of Ocean Marine,…
Jun. 4— GOSHEN— Cybersecurity firms are helping to create jobs across the Hoosier state. Dennis Trinkle is senior vice president for Talent, Strategy, and Partnerships for Indianapolis- based TechPoint. Leading hospitals and financial/insurance institutions in Indiana have recently been attacked.
An article from Insurance Business magazine on April 22 is worth noting. It says, "Under the new legislation, which is slated to start on Jan. 1, 2025, all gun owners in Colorado will be required to hold liability insurance that covers losses or damages resulting from the accidental or unintentional discharge of a firearm." Clearly, someone in Colorado listened or…
CATCo Reinsurance Opportunities Fund Ltd.. Markel CATCo Investment Management Ltd.. CATCo Reinsurance Opportunities Fund Ltd. published this content on 05 June 2024 and is solely responsible for the information contained therein.
Kenneth M. Klemm of Baker Donelson was recognized recently by the Southeast Louisiana Council of Scouting America at the Pillars of Scouting Luncheon held at the Audubon Tea Room. A litigator with more than 30 years of experience handling commercial disputes, personal and property damages, and related insurance issues, Mr. Klemm is a shareholder in Baker…
WASHINGTON, June 5– The Center on Budget and Policy Priorities issued the following federal budget report:. If Congress does not act, nearly all marketplace enrollees will face significantly higher premium costs and 3.8 million will become uninsured, according to Congressional Budget Office estimates. Premium Tax Credit Improvements Save $700 on Average.
The American Land Title Association issued the following news release:. The American Land Title Association, the national trade association of the land title insurance industry, has been recognized in four categories of the 45th Annual Telly Awards. ALTA was honored with two Silver awards in the "Not for Profit" and "Fundraising and Appeals" categories for its…
The American Land Title Association issued the following news release:. The American Land Title Association, the national trade association of the land title insurance industry, announced it has named TIAC as an ALTA Elite Provider. "As an ALTA Elite Provider, TIAC has shown its dedication to the title and settlement services industry," said Diane Tomb, ALTA's…
The Western and Southern Financial Group, a life insurance company, issued the following news release on June 4, 2024:. Western& Southern is one of 27 Ohio companies and eight from the Greater Cincinnati area to make the list- more than any other city in Ohio, Indiana or Kentucky. Western& Southern Financial Group 284.
Allianz Life Insurance Co. of North America, a provider of retirement solutions, including fixed and variable annuities and life insurance for individuals, issued the following news release on June 4, 2024:. As Allianz Life Insurance Company of North America continues its growth in guaranteed income for defined contribution plans, the company announced…
This funding round, co-led by True Ventures and Prelude Ventures, underscores investors' strong belief in Understory's vision and expansion potential. Following the highly successful launch of Understory's Dealers Open Lot insurance solution, which offers risk management for U.S. auto dealers and has provided protection for dealer inventories across…
Alliant Insurance Services has acquired Health Market Solutions, LLC, a health insurance agency experiencing rapid growth in direct-to-consumer sales of Affordable Care Act under-65 individual health insurance plans. HMS will be part of Alliant Consumer Group, which houses the company’ s growing portfolio of consumer-facing operations.
The Baldwin Group, the go-to-market brand name for The Baldwin Insurance Group, Inc., an independent insurance distribution firm delivering tailored solutions to a wide range of personal and commercial clients, today announced the launch of Cyber Navigator- its Application Program Interface- connected placement platform. Cyber risk is at the forefront of…
–InsureMyTrip.ca, a leading authority on travel insurance, emphasizes the importance of understanding various travel insurance options- whether your trips take you across domestic borders or international ones. Travel insurance is designed to mitigate financial risks associated with travel, including trip cancellations, medical emergencies, and loss…
House Study Committee on Safety and Consumer Protection in the Tree Care Industry. Created by House Resolution 473, the House Study Committee on Safety and Consumer Protection in the Tree Care Industry will examine the safety risks and consumer protection issues including licensing, registration, and insurance requirements that impact Georgia's tree…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Gar-Bo Försäkring AB. The outlook of these Credit Ratings is stable. In 2023, the company reported a healthy profit before taxes of SEK 45 million, notwithstanding a deteriorated underwriting profitability, as evidenced by a combined ratio of 105.2%,…
WINDSOR, Connecticut, June 5– LIMRA issued the following news release:. Total U.S. individual life insurance new annualized premium fell 1% year over year to $3.73 billion in the first quarter, according to LIMRA's U.S. Life Insurance Sales Survey. "Given the dominant role the top 20 carriers have on the U.S. life insurance market, LIMRA believes transparency is…
