–Chubb Limited today reported net income for the quarter ended March 31, 2023 of $1.89 billion, or $4.53 per share, and core operating income of $1.84 billion, or $4.41 per share. Book value per share and tangible book value per share now stand at $127.94 and $78.84, respectively. Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb Limited, commented: "We…
Newswires
–Fidelity National Financial, Inc., a leading provider of title insurance and transaction services to the real estate and mortgage industries, and a leading provider of insurance solutions serving retail annuity and life customers and institutional clients through its majority owned subsidiary F&G Annuities& Life, Inc., will release first quarter 2023…
–The company announced today that Aflac Incorporated Chairman and CEO Daniel P. Amos was inducted as a 2023 Georgia Trustee– the highest honor the State of Georgia can bestow on an individual– by the Georgia Historical Society and U.S. Senator Reverend Raphael Warnock. President and CEO of Children's Healthcare of Atlanta Donna W. Hyland was also inducted…
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating of A and the Long-Term ICRs of“ a+” for the members of Nodak Insurance Group. The outlook of the FSR is stable. Concurrently, AM Best has revised the outlook to negative from stable and affirmed the Long-Term ICR of“ bbb+” of NI…
–World Insurance Associates LLC, a Top 50 Insurance Brokerage, announced today that it acquired the business of Iron Gates Insurance Group LLC of Haven, Kansas and Anthony, Kansas on March 1, 2023. About World Insurance Associates LLC. World Insurance Associates LLC is headquartered in Iselin, N.J., and is a nationally ranked, full-service insurance organization…
Millions of North Carolinians insured by Blue Cross NC may have a similar regret with the dense but consequential wording in House Bill 346, which is now steamrolling through the General Assembly. The proposed law could affect 4.4 million North Carolinians insured by Blue Cross directly or through company health plans. Blue Cross says the change would give…
Squaremouth.com, the leading US travel insurance marketplace, reports that travelers spent an average of $266 per policy last year, and received an average reimbursement of $2,157 when filing a claim. Claim payouts ranged drastically depending on the benefit, from an average of $213 to more than $80,000, exceeding the policy cost by 8 times on average.
Millions of North Carolinians insured by Blue Cross NC may have a similar regret with the dense but consequential wording in House Bill 346, which is now steamrolling through the General Assembly. The proposed law could affect 4.4 million North Carolinians insured by Blue Cross directly or through company health plans. Blue Cross says the change would give…
Allowing Blue Cross Blue Shield of North Carolina to use billions in policyholders’ money with no regulation is“ nothing good” for state residents, state Insurance Commissioner Mike Causey said during a news conference Monday. It makes changes to state law that would allow Blue Cross NC, currently classified as a nonprofit medical service corporation, to…
strategic fit and sound financials Topdanmark now a fully focused non-life insurer Health solutions are core products on the non-life insurance market Securing a strong position in a fast-growing market with high customer loyalty Sound financial operating performance; accretive to Topdanmark Strong double-digit premium growth Integration leads to…
–AXA XL Insurance in the Americas continued the build out of its U.S. Mid-Market team with the addition of Matthew Duke as Head of Pricing, U.S. Middle Market Analytics. According to Head of U.S. Middle Market Matt Waters, "With the addition of Matthew, we continue to build out a strong team of industry talent and move another step closer to officially launching our…
Net income was $16.0 million compared to the $20.9 million reported for the same period of 2022, which included the proceeds of a legal settlement and pandemic related reserve releases, both of which were non-recurring events; Diluted net income per common share of $1.33 compared to $1.67 for the same period of 2022; Return on average assets was 1.32% compared…
I’ m ticked off that each time legislators address homeowners insurance greed problems, or most any problem, it ends up costing me more money. I’ m ticked off to find that no window contractors are willing to tell you the price range over the phone. If you are one of the few Florida drivers who uses your turn signals, you’ re awesome.
Slice Labs Inc., a technology company providing insurance products to protect small businesses, has added a new A.M. In partnership with Philadelphia Insurance Companies, a premier International Property/Casualty and Professional Liability insurance carrier, the companies have rolled out small business general liability in the United States for the…
Nicholas Ambriano has joined Alliant Insurance Services as Executive Vice President, Managing Director, Alliant Re, the reinsurance brokerage division recently launched by Alliant. “Nick has an extensive professional network and a proven ability to build and maintain relationships— the foundation of the reinsurance business,” said Peter Arkley, President,…
Zinnia, a life and annuity insurance technology and digital services company, today announced it is acquiring Policygenius, a digital insurance marketplace. These capabilities will connect with Zinnia’ s new system of record to further develop the Open Insurance architecture. “At Zinnia, we want to provide solutions that simplify the process of buying…
Assurant, Inc., a leading global business services company that supports, protects and connects major consumer purchases, has been named to the Forbes list of the Best Employers for Diversity for the fourth consecutive year. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider.
–Integrity Marketing Group, LLC, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced it has acquired Sellyei& Rundle, an independent marketing organization based in Tucson, Arizona, and led by Lisa Rundle, President. Financial details of the transaction were not disclosed.
MIAMI and DALLAS, April 25, 2023/ PRNewswire/– Miami-based Estrella Insurance, a leading property and casualty insurance agency with particular expertise and connections to the Hispanic community, is expanding its successful franchise model into the Dallas-Fort Worth area. "I am thrilled to be a part of the Estrella Insurance family and to bring this unique,…
