Everest Group, Ltd., a global underwriting leader providing best-in-class property, casualty and specialty insurance and reinsurance solutions, today announced that Jim Williamson, Executive Vice President and Group Chief Operating Officer, has been named Acting CEO, and accordingly has joined Everest’ s Board of Directors, both with immediate effect.
Reinsurance
AM Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Ratings to“ a” from“ a-” of Employers Preferred Insurance Company and its pooled affiliates, collectively referred to as Employers Insurance Group. Concurrently, AM Best has upgraded the Long-Term ICR to“ bbb” from“ bbb-” and the indicative Long-Term Issue Credit Ratings of…
A high-level overview designed with students, new employees and prospects in mind, the guide furthers the magazine’s mission to inform readers about the workings of the insurance industry, particularly in the United States. “AM Best: Social Inflation, Driver Shortage, Inexperience Compound Commercial Auto Difficulties” analyzes previous years of…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Stellar Insurance, Ltd., an indirect wholly owned subsidiary of the Saudi Arabian Oil Company. The outlook of these Credit Ratings is stable. In December 2024, Stellar restructured its investment portfolio, with over 80% of the company’ s invested assets…
Filed Pursuant to Rule 424 Registration No. 333-278539 PROSPECTUS SUPPLEMENT $25,000,000 Common Stock ___________________________ We have entered into a sales agreement, or the Sales Agreement, with Janney Montgomery Scott LLC, or the Agent, relating to the sale of shares of our common stock offered by this prospectus supplement and the accompanying…
Warner Pacific, a trusted national General Agency for brokers nationwide, today announced that effective December 1, 2024, it has acquired five General Agencies from Acrisure, a global fintech leader empowering millions of businesses and individuals globally with solutions across insurance, reinsurance, payroll, benefits, cybersecurity, mortgage…
A Southern California homeowner is suing Liberty Mutual Insurance Co. for canceling her longstanding insurance policy, accusing the company of dropping her for bogus reasons. In the proposed class-action lawsuit, Maria Badin said she had been a Liberty Mutual customer since 1993, when she bought her home in Poway. "Driven by a desire to maximize profits,…
Pioneer Diversified High Income Fund, Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-CSR CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number 811-22014 Pioneer Diversified High Income Fund, Inc. 60 State Street, Boston, MA 02109 Terrence J. Cullen, Amundi Asset…
The state released another regulation Monday aimed at easing California's home insurance crisis that will allow insurers to charge homeowners higher premiums to protect themselves from catastrophic wildfire claims. This will be the first time in California that insurers can include the cost of reinsurance in their premiums, though it is a common…
The lofty insurance increases, which come on top of Chicago's soaring North Side real-estate taxes, adds another layer of operating-cost expenses. A shocked owner of a vintage red-brick, mixed-use 4 unit building recently saw his insurance bill zoom a whopping 48.3% to $4, 014 from $2, 706 in 2023. On Dec. 1, 2024, the owner of a historic red brick 6- flat saw the…
"This is a historic moment for California. With input from thousands of residents throughout California, this reform balances protecting consumers with the need to strengthen our market against climate risks. " Today, as climate risks escalate across the nation, reinsurance has become an even more imperative component of insurance companies operating in…
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549. Eaton Vance Short Duration Diversified Income Fund. Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund.
Maiden Holdings and Kestrel Group Announce Combination. Pembroke, Bermuda and Dallas, Texas, December 30, 2024– Maiden Holdings, Ltd. and Kestrel Group LLC today announced that they have entered into a combination agreement to combine and form a new, publicly listed specialty program group. The combined company will be led by Luke Ledbetter, Terry Ledbetter, and…
PEMBROKE, Bermuda& DALLAS—- Maiden Holdings, Ltd. and Kestrel Group LLC today announced that they have entered into a combination agreement to combine and form a new, publicly listed specialty program group. Pursuant to the terms of the combination agreement, at the closing of the transaction, each issued and outstanding common share of Maiden will be converted…
When Miguel Zablah bought his five-bedroom home in Miami’ s leafy Shenandoah neighborhood in June of 2020, he said he paid $7,000 a year for homeowner’ s insurance. The house, built in 1923, sits on high ground and has survived a century of famously volatile South Florida weather. “Some insurance companies are now quoting me at $20,000, $25,000 on my house, which is…
The lofty insurance increases, which come on top of Chicago's soaring North Side real-estate taxes, adds another layer of operating-cost expenses. A shocked owner of a vintage red-brick, mixed-use 4 unit building recently saw his insurance bill zoom a whopping 48.3% to $4, 014 from $2, 706 in 2023. On Dec. 1, 2024, the owner of a historic red brick 6- flat saw the…
Established in 1974, MXIC is a long-standing player in Hong Kong and Macau’ s non-life insurance markets. As of year-end 2023, 62% of its premium is generated from Macau, with the remainder from Hong Kong. Specifically in Macau, MXIC leverages its bancassurance channel which includes one of its affiliated banks to source profitable property damage business.
With rising homeowners insurance rates reaching crisis levels in Louisiana, Gov. The increase comes after two years of spikes more than double that amount that thrust Louisiana into a crisis, which has infiltrated the housing market and pushed some coastal communities to the brink. High insurance costs have morphed into a full-blown threat for communities…
Third Point LLC, an alternative investment manager with $12 billion of assets, today announced that it has entered into a definitive agreement to acquire AS Birch Grove LP, a diversified alternative credit fund manager. Upon consummation of the transaction, expected in Q1 2025, American Securities will no longer be an owner of Birch Grove, which will become a…
