Financial services in the United States

T. Rowe Price Releases 2020 Sustainability Report

Retrieved on: 
Thursday, July 8, 2021
T. Rowe Price, Sustainability, Articles, Finance, Financial services in the United States, Sustainability Accounting Standards Board

T. Rowe Price Group (NASDAQ-GS: TROW) has published its 2020 Sustainability Report , A Resolve to Reach Higher, highlighting progress on its sustainability journey, its commitment to increasing transparency and accountability, and plans for developing new environmental targets.

Key Points: 
  • T. Rowe Price Group (NASDAQ-GS: TROW) has published its 2020 Sustainability Report , A Resolve to Reach Higher, highlighting progress on its sustainability journey, its commitment to increasing transparency and accountability, and plans for developing new environmental targets.
  • Supporting the firm's sustainability efforts, T. Rowe Price in 2020 became a TCFD supporter and earlier this year joined the SASB Alliance.
  • "T. Rowe Price remains committed to our sustainability journey and reporting on our progress in a timely and transparent manner.
  • Founded in 1937, Baltimore-based T. Rowe Price ( troweprice.com ) is a global investment management organization with $1.59 trillion in assets under management as of May 31, 2021.

Amynta Appoints Shawn Ellis to Lead Amynta Warranty

Retrieved on: 
Thursday, July 8, 2021
Contract law, Kitchen, Product return, Warranty, AmTrust Financial Services, Insurance, Financial services in the United States, Companies

NEW YORK, July 8, 2021 /PRNewswire/ -- Amynta Group , a leading insurance services provider of property & casualty and warranty protection products and services, announced that Shawn Ellis has been promoted to Executive Vice President and Chief Executive Officer of Amynta Warranty, responsible for leading the Company's warranty business operating as Warranty Solutions, Warrantech and Guardsman.

Key Points: 
  • NEW YORK, July 8, 2021 /PRNewswire/ -- Amynta Group , a leading insurance services provider of property & casualty and warranty protection products and services, announced that Shawn Ellis has been promoted to Executive Vice President and Chief Executive Officer of Amynta Warranty, responsible for leading the Company's warranty business operating as Warranty Solutions, Warrantech and Guardsman.
  • Ellis currently serves as the President of Amynta's subsidiary, PDP Group, providing specialty insurance and title administration solutions to the automotive market.
  • Ellis served as President of PDP since 2018 and will continue to lead PDP.
  • Amynta operates through three segments: Managing General Agencies; Warranty, including automotive, consumer and specialty equipment; and Specialty Risk Services.

First American Title Introduces Innovative Technology Platform for Real Estate Professionals

Retrieved on: 
Thursday, July 8, 2021
Technology, Mobile, Wireless, Insurance, Construction & Property, Finance, Professional services, Software, Internet, Residential Building & Real Estate, Insurance in the United States, Property law in the United States, Financial services in the United States, First American Corporation, Title insurance, Insurance, FAF, Economy of the United States, TitleVest, Financial services, LandAmerica Financial Group

First American Title Insurance Company , a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF), today announced that it has introduced in select markets FirstAm IgniteRE, an innovative, mobile-friendly technology platform designed to enhance the residential real estate transaction experience for real estate professionals and home buyers and sellers.

Key Points: 
  • First American Title Insurance Company , a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF), today announced that it has introduced in select markets FirstAm IgniteRE, an innovative, mobile-friendly technology platform designed to enhance the residential real estate transaction experience for real estate professionals and home buyers and sellers.
  • Real estate professionals interested in learning more or signing up for access can contact their local First American Title representative.
  • First American Title Insurance Company, the largest subsidiary of First American Financial Corporation (NYSE: FAF ), traces its history to 1889.
  • First American Title provides comprehensive title insurance coverage and professional services for real estate purchases, construction, refinances and equity loans.

Selective Insurance Group, Inc. Schedules Earnings Release and Conference Call to Announce 2nd Quarter 2021 Results

Retrieved on: 
Wednesday, July 7, 2021
Finance, Economy of New York City, NASDAQ, Insurance, Financial services in the United States, New York City

BRANCHVILLE, N.J., July 7, 2021 /PRNewswire/ --Selective Insurance Group, Inc. (NASDAQ: SIGI) announced it will release its second quarter 2021 financial results after market close on Wednesday, July 28, 2021.

Key Points: 
  • BRANCHVILLE, N.J., July 7, 2021 /PRNewswire/ --Selective Insurance Group, Inc. (NASDAQ: SIGI) announced it will release its second quarter 2021 financial results after market close on Wednesday, July 28, 2021.
  • The company will hold a conference call on Thursday, July 29, 2021, at 10:00 a.m. (ET) to discuss the results.
  • A press release and financial supplement will also be available on the Investors page of Selective's website after market close on July 28, 2021.
  • Selective Insurance Group, Inc. is a holding company for 10 property and casualty insurance companies rated "A" (Excellent) by AM Best.

Relation Insurance Services, Inc. Acquires the Assets of Hasty Insurance Agency, Inc.

Retrieved on: 
Wednesday, July 7, 2021
Insurance, Professional services, Insurance, Financial services in the United States, Financial services, Finance

Relation Insurance Services, Inc. (Relation), one of the largest and fastest-growing national insurance agencies, announced today it acquired the assets of North Carolina-based Hasty Insurance Agency, Inc. (Hasty).

Key Points: 
  • Relation Insurance Services, Inc. (Relation), one of the largest and fastest-growing national insurance agencies, announced today it acquired the assets of North Carolina-based Hasty Insurance Agency, Inc. (Hasty).
  • Hasty provides personal lines and commercial lines insurance solutions to clients throughout North Carolina and has multiple locations throughout the state.
  • Andy has built a strong operation and we are pleased to have the Hasty team join Relation, said Tim Hall, Executive Vice President and Head of Mergers and Acquisitions for Relation.
  • Relation Insurance Services is an insurance brokerage that offers superior risk-management and benefits-consulting services through its family of brands across the United States.

State Auto Financial Announces Second Quarter 2021 Earnings Conference Call

Retrieved on: 
Tuesday, July 6, 2021
General Automotive, Professional services, Insurance, Automotive, Financial services in the United States, Service companies, Insurance companies, Ohio Mutual Insurance Group, Federated Insurance Company of Canada

State Auto Financial Corporation, headquartered in Columbus, Ohio, is a super regional property and casualty insurance holding company.

Key Points: 
  • State Auto Financial Corporation, headquartered in Columbus, Ohio, is a super regional property and casualty insurance holding company.
  • The insurance subsidiaries of State Auto Financial Corporation are part of the State Auto Group.
  • The State Auto Group is rated A- (Excellent) by the A.M. Best Company and includes State Automobile Mutual, State Auto Property & Casualty, State Auto Ohio, State Auto Wisconsin, Milbank, Meridian Security, Patrons Mutual, Rockhill Insurance, Plaza Insurance, American Compensation and Bloomington Compensation.
  • Additional information on State Auto Financial Corporation and the State Auto Insurance Companies can be found online at http://www.StateAuto.com/STFC .

 Mr. Cooper Group Completes Sale of Title365 for $500 million

Retrieved on: 
Tuesday, July 6, 2021
Residential Building & Real Estate, Construction & Property, Professional services, Finance, Mr. Cooper, Houlihan Lokey, Wachtell, Lipton, Rosen & Katz, Finance, Financial services in the United States, Economy of the United States

Mr. Cooper Group Inc. (Mr. Cooper) announced today that it has completed the sale of Title365 to Blend Labs, Inc. on June 30, 2021, for $500 million, consisting of $450 million in cash and a retained interest of 9.9 percent.

Key Points: 
  • Mr. Cooper Group Inc. (Mr. Cooper) announced today that it has completed the sale of Title365 to Blend Labs, Inc. on June 30, 2021, for $500 million, consisting of $450 million in cash and a retained interest of 9.9 percent.
  • Consistent with previously disclosed expectations, Mr. Cooper received cash proceeds of approximately $450 million and recorded an after-tax gain of approximately $350 million.
  • Wachtell, Lipton, Rosen & Katz acted as legal advisor to Mr. Cooper Group and Houlihan Lokey acted as financial advisor to Mr. Cooper Group.
  • Mr. Cooper Group Inc. (NASDAQ: COOP) provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper and Xome.

 Mr. Cooper Announces Sale of Reverse Servicing Portfolio

Retrieved on: 
Tuesday, July 6, 2021
Residential Building & Real Estate, Construction & Property, Professional services, Finance, Finance, Financial services in the United States, Service companies, Mr. Cooper, Reverse mortgage, Houlihan Lokey, Mortgage loan, Ally Financial

Mr. Cooper Group Inc. (Mr. Cooper or the Company) announced today that it has entered into a definitive agreement for the sale of its Reverse servicing portfolio, operating under the Champion Mortgage brand, to Mortgage Assets Management, LLC and its affiliates (MAM).

Key Points: 
  • Mr. Cooper Group Inc. (Mr. Cooper or the Company) announced today that it has entered into a definitive agreement for the sale of its Reverse servicing portfolio, operating under the Champion Mortgage brand, to Mortgage Assets Management, LLC and its affiliates (MAM).
  • The sale will reduce Mr. Coopers servicing portfolio by approximately $16 billion in unpaid principal balance and decrease its balance sheet by approximately $5 billion in HECM and other assets.
  • Wachtell, Lipton, Rosen & Katz acted as legal advisor to Mr. Cooper Group and Houlihan Lokey acted as financial advisor to Mr. Cooper Group.
  • Mr. Cooper Group Inc. (NASDAQ: COOP) provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper and Xome.

United Insurance Holdings Corp. Previews Q2-2021 Estimated Catastrophe Losses

Retrieved on: 
Friday, July 2, 2021
Other Professional Services, Professional services, Insurance, Actuarial science, Insurance, UPC Insurance, Financial services in the United States, Reinsurance, Financial services, General insurance, AIR Worldwide, Citizens Property Insurance Corporation

United Insurance Holdings Corp. (NASDAQ: UIHC) (UPC Insurance or the Company), a property and casualty insurance holding company, today announced estimated current year catastrophe losses incurred during the second quarter ending June 30, 2021, of approximately $40 million before income taxes (approximately $31 million after tax), net of expected reinsurance recoveries.

Key Points: 
  • United Insurance Holdings Corp. (NASDAQ: UIHC) (UPC Insurance or the Company), a property and casualty insurance holding company, today announced estimated current year catastrophe losses incurred during the second quarter ending June 30, 2021, of approximately $40 million before income taxes (approximately $31 million after tax), net of expected reinsurance recoveries.
  • The Companys estimated catastrophe losses includes claims from two new tropical storms and fourteen new PCS catastrophe events that occurred during the second quarter of 2021.
  • Founded in 1999, UPC Insurance is an insurance holding company that sources, writes and services personal and commercial residential property and casualty insurance policies using a group of wholly owned insurance subsidiaries and one majority owned insurance subsidiary through a variety of distribution channels.
  • From its headquarters in St. Petersburg, UPC Insurance's team of dedicated professionals manages a completely integrated insurance company, including sales, underwriting, customer service and claims.

Portnoy Law: Lawsuit Filed On Behalf of Rocket Companies, Inc. Investors

Retrieved on: 
Thursday, July 1, 2021
Quicken Loans, Financial market, Portnoy, Financial services in the United States, Service companies

LOS ANGELES, July 01, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Rocket Companies, Inc. ("Rocket" or "the Company") (NYSE : RKT) investors that acquired securities between February 25, 2021 and May 5, 2021.

Key Points: 
  • LOS ANGELES, July 01, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Rocket Companies, Inc. ("Rocket" or "the Company") (NYSE : RKT) investors that acquired securities between February 25, 2021 and May 5, 2021.
  • Investors are encouraged to contact attorney Lesley F. Portnoy , to determine eligibility to participate in this action, by phone 310-692-8883 or email , or click here to join the case.
  • It is alleged in this complaint that Rocket made misleading and false statements to the market.
  • In relation to increased competition with other mortgage lenders, amongst other factors, Rocket suffered from the highest contract rates in two years.