Allied Insurance

AM Best Upgrades Credit Ratings for Members of Ally Insurance Group

Retrieved on: 
Thursday, September 21, 2023
Insurance, Professional Services, AM Best, ALL, Ally, Ally Financial, Risk management, Credit, GAP, Depression, VSC, AM, Allied Insurance, News, NYSE, Bank

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) for the members of Ally Insurance Group (Ally Insurance).

Key Points: 
  • AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) for the members of Ally Insurance Group (Ally Insurance).
  • The members include Motors Insurance Corporation and its reinsured subsidiaries, MIC Property and Casualty Insurance Corporation and CIM Insurance Corporation, as well as an affiliate, Ally International Insurance Company Ltd. (AIICL).
  • The ratings also reflect the neutral impact from the ultimate parent, Ally Financial Inc. [NYSE: ALLY], a bank holding company headquartered in Detroit, MI.
  • While historically the ratings of the members of Ally Insurance reflected the drag by the lower ratings of the group’s ultimate parent, AM Best considers the financial condition of Ally Financial, Inc., to have a neutral impact on these ratings.

MI® Window and Doors Facilities Win Highest Honor at 2023 Northeastern PA Manufacturers and Employers Excellence Awards

Retrieved on: 
Monday, May 8, 2023
MI, Allied Insurance, Respect, Creativity, Employers' Association of Greater Chicago, HR, Ideation, National Association, International Design Excellence Awards, Environment, Clothing, Interior design, Door

HARRISBURG, Pa., May 8, 2023 /PRNewswire-PRWeb/ -- MITER Brands today announced that its MI Windows and Doors facilities have been awarded the 2023 Manufacturers and Employers Commitment Award from the Northeastern Pennsylvania Manufacturers & Employers Association (MAEA). Part of MAEA's Excellence Awards, the honors were presented on May 2nd at the Mountain Valley Clubhouse in Barnesville, PA.

Key Points: 
  • MITER Brands announced that its three MI Windows and Doors facilities have been awarded the 2023 Manufacturers and Employers Commitment Award from the Northeastern Pennsylvania Manufacturers & Employers Association.
  • HARRISBURG, Pa., May 8, 2023 /PRNewswire-PRWeb/ -- MITER Brands today announced that its MI Windows and Doors facilities have been awarded the 2023 Manufacturers and Employers Commitment Award from the Northeastern Pennsylvania Manufacturers & Employers Association (MAEA).
  • Part of MAEA's Excellence Awards, the honors were presented on May 2nd at the Mountain Valley Clubhouse in Barnesville, PA.
  • Representing five counties and beyond in Northeastern PA, the Manufacturers & Employers Association (MAEA) is located in Schuylkill County.

PCF Insurance Appoints Dan Goodwin to Vice President of Carrier Relations

Retrieved on: 
Friday, February 10, 2023
Automation, Insurance, National Directorate of Security, Fintech, Business architecture, Nationwide Mutual Insurance Company, Senior, Health, Allied Insurance, Culture, H&B, Intelligence, P&C, Knowledge, Learning, PCF, LEHI

LEHI, Utah, Feb. 10, 2023 /PRNewswire/ -- PCF Insurance Services ("PCF"), a top 20 U.S. insurance brokerage firm, announced today the appointment of Dan Goodwin as Vice President - Carrier Relations, effective immediately.

Key Points: 
  • LEHI, Utah, Feb. 10, 2023 /PRNewswire/ -- PCF Insurance Services ("PCF"), a top 20 U.S. insurance brokerage firm, announced today the appointment of Dan Goodwin as Vice President - Carrier Relations, effective immediately.
  • "Dan brings a deep and robust knowledge of the carrier space that we will be able to leverage as part of our data-driven strategies, powered by our strong business intelligence and analytics capabilities," said Jenni Lee Crocker, Senior Vice President – Growth & Operations of PCF Insurance.
  • Bringing more than two decades of insurance experience to this role, Goodwin came to PCF Insurance from AgencyKPI, a Texas-based Insurtech that provides a business intelligence platform for the insurance industry, where he served as National Director, Sales & Carrier Relations.
  • Prior to his time at AgencyKPI, Goodwin worked for Nationwide Insurance and Allied Insurance, a Nationwide Company, in underwriting, loss control, sales automation and technology, and ultimately Business Architect of P&C staff sales.

Lab Logistics Rebrands as BioTouch™

Retrieved on: 
Thursday, January 26, 2023
Temperature, Hospital, Health, Communist and Allies Group, The Company, Allied Insurance, HAVEN, Organization, Acquisition, Printing, Fine chemical, Food delivery

WEST HAVEN, Conn., Jan. 26, 2023 /PRNewswire/ -- Lab Logistics Management, an Atlantic Street Capital portfolio company and a leading provider of outsourced medical supplies, kitting and logistics services to the healthcare industry, today announced that it has consolidated and relaunched as BioTouch™ ("BioTouch" or the "Company"). The new name, inspired by its comprehensive single-source healthcare kitting and logistics solutions platform, promotes its family of five brands, Lab Logistics, Path Tec, Hospital Couriers, Printcraft, and The Allied Group, under one name and reflects the Company's ongoing commitment to helping its customers deliver improved patient care.

Key Points: 
  • WEST HAVEN, Conn., Jan. 26, 2023 /PRNewswire/ -- Lab Logistics Management, an Atlantic Street Capital portfolio company and a leading provider of outsourced medical supplies, kitting and logistics services to the healthcare industry, today announced that it has consolidated and relaunched as BioTouch™ ("BioTouch" or the "Company").
  • The new name, inspired by its comprehensive single-source healthcare kitting and logistics solutions platform, promotes its family of five brands, Lab Logistics, Path Tec, Hospital Couriers, Printcraft, and The Allied Group, under one name and reflects the Company's ongoing commitment to helping its customers deliver improved patient care.
  • The Company innovated its new name, BioTouch, to better represent its values and value proposition to the marketplace.
  • Specifically, the Company supports its hospitals, labs, and life sciences partners by providing a unique, tech-enabled solution for all their kitting, and logistics needs.

Sompo International appoints Brad Leighton as President of AgriSompo North America and Marji Guyler-Alaniz COO of AgriSompo North America and President of AgriSompo International

Retrieved on: 
Wednesday, January 11, 2023
Business administration, Risk, Drake University, SVP, Insurance, International, Communication, Agriculture, United Nations Operation in Somalia II, Journalism, Woman, Allied Insurance, Pella, Growth, Central College, Farmer, Rain, Grand View University, Commercial, Management

Brad Leighton has been named President of AgriSompo North America and Marji Guyler-Alaniz has been named Chief Operating Officer (COO) of AgriSompo North America and President of AgriSompo International.

Key Points: 
  • Brad Leighton has been named President of AgriSompo North America and Marji Guyler-Alaniz has been named Chief Operating Officer (COO) of AgriSompo North America and President of AgriSompo International.
  • Mr. Leighton will report to Mr. Haney and Ms. Guyler-Alaniz will directly report to Leighton for her North America responsibilities and Haney for her International responsibilities.
  • Brad and Marji have helped Bob to revolutionize the crop insurance industry and I’m proud of what they have accomplished so far.
  • Bob Haney, AgriSompo Chairman and CEO shared, “I am incredibly proud of what AgriSompo has achieved over the past few years.

Reporting $1 Billion Saved in Upfront Moving Costs, Rhino Ushers in New Era for U.S. Home Rental Market

Retrieved on: 
Tuesday, December 20, 2022
Emergency, General insurance, Growth, Friction, Insurance, Engineering, Allied Insurance, Clearblue, 2004 Nippon Professional Baseball realignment, Product-family engineering, Car rental, Bank, Lease, Renewable energy, Rhinoceros

NEW YORK, Dec. 20, 2022 /PRNewswire/ -- Rhino, the leading deposit management platform, was founded to give renters everywhere greater financial freedom. Closing out a banner year of growth, the company has continued to realize its mission, as renters using Rhino's flagship security deposit insurance have saved over $1 billion in upfront moving costs while the company has celebrated additional key milestones.

Key Points: 
  • "Even after Rhino's core product has saved U.S. renters over $1 billion, there is still $44 billion dollars locked away in rental security deposits across the country.
  • Rhino is creating trust and transparency between landlords and renters and reducing the friction and inefficiencies pervasive in managing security deposits.
  • In 2017, Rhino pioneered security deposit insurance, replacing cash deposits with smart, affordable insurance so renters can maintain control of their cash.
  • Instead of a large upfront cash security deposit, renters pay Rhino a small fee, and Rhino insures the property owner for damages that might occur and lost rent.

Rhino Announces 2023 Partnerships with Key Reinsurers, Expands Premium Writing Capacity for Security Deposit Insurance to Over $200 Million

Retrieved on: 
Wednesday, November 9, 2022
Housing, Environment, Allied Insurance, Guy Carpenter, General insurance, Anglican realignment, Adoption, Risk management, New Green Clear Blue, Industry, Partnership, Growth, Program, Technology, Insurance, Car rental, Rhinoceros

"Macroeconomic factors are driving renters toward innovative, common-sense solutions, like security deposit insurance.

Key Points: 
  • "Macroeconomic factors are driving renters toward innovative, common-sense solutions, like security deposit insurance.
  • We eliminate the need for traditional security deposits by replacing them with smart, affordable insurance so renters can maintain control of their cash.
  • Instead of a large upfront cash security deposit, renters pay Rhino a small fee, and Rhino insures the property owner for damages that might occur and lost rent.
  • As of 2022, we are offered in over two million homes with a six million home partner network, and we have saved renters over $1 billion in cash.

AM Best Affirms Credit Ratings for Members of Ally Insurance Group

Retrieved on: 
Thursday, October 27, 2022
Insurance, Professional Services, Allied Insurance, NYSE, Credit, AM Best, GAP, Insurance, ALL, Industry, Ally Financial, Income, Ally, News, Risk, AM, Depression, VSC, Risk management

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- (Excellent) for the members of Ally Insurance Group (Ally Insurance).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- (Excellent) for the members of Ally Insurance Group (Ally Insurance).
  • The members include Motors Insurance Corporation and its reinsured subsidiaries, MIC Property and Casualty Insurance Corporation and CIM Insurance Corporation, as well as an affiliate, Ally International Insurance Company Ltd. (AIICL).
  • Given the current economic and inflationary headwinds facing the auto, credit and banking industry, AM Best considers the lower ratings of its ultimate parent, Ally Financial Inc., which continue to adversely impact the ratings of the members of Ally Insurance Group.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

Compass Group Equity Partners Announces Sale of Allied Group to Atlantic Street Capital’s Lab Logistics

Retrieved on: 
Tuesday, May 24, 2022
General Health, Finance, Health, Professional Services, Medical Supplies, Communist and Allies Group, Allied Insurance, EBITDA, Medicine, Solution, Transport, Health care, Compass Group, FDA, Partnership, Compass, Sale, Growth, List of life sciences, ASC, Airline, Alliance

Compass Group Equity Partners , a St. Louis-based private equity firm, announced the sale of The Allied Group to Lab Logistics, a leading provider of outsourced medical supplies, kitting and logistics services to the healthcare industry and a portfolio company of Atlantic Street Capital .

Key Points: 
  • Compass Group Equity Partners , a St. Louis-based private equity firm, announced the sale of The Allied Group to Lab Logistics, a leading provider of outsourced medical supplies, kitting and logistics services to the healthcare industry and a portfolio company of Atlantic Street Capital .
  • Compass Group acquired Allied in 2019 with a focus to invest in and expand the kitting division amid the global shift to personalized medicine.
  • The partnership with Lab Logistics represents an exciting next step in Allieds journey, said Chris Gibson, Managing Director at Compass Group.
  • Compass Group Equity Partners , founded in 2015, is a St. Louis-based private equity firm with a record of success in partnering with and building lower middle-market companies.

Lab Logistics Announces Acquisition of The Allied Group

Retrieved on: 
Tuesday, May 24, 2022
Communist and Allies Group, Allied Insurance, WEST, DNA, Partner (business rank), Lists of diseases, Solution, Health care, RI, FDA, RNA, Technology, Acquisition, Collection, Laboratory, CEO, Management

WEST HAVEN, Conn., May 24, 2022 /PRNewswire/ -- Lab Logistics Management, a leading provider of outsourced medical supplies, kitting and logistics services to the healthcare industry and portfolio company of Atlantic Street Capital, announced today the acquisition of The Allied Group, a leading fulfillment services provider offering printing, kitting, and mailing services to healthcare and life science organizations worldwide.

Key Points: 
  • The Allied Group is headquartered in Cranston, RI and was a portfolio company of Compass Group Equity Partners.
  • We look forward to welcoming The Allied Group team to the Lab Logistics family."
  • Lab Logistics offers a strong cultural fit for our company and was clearly the right partner for our employees and customers.
  • Andy Wilkins, Chairman of Lab Logistics and Managing Partner at Atlantic Street Capital, added, "The acquisition of The Allied Group reflects our desire to grow and invest in the Lab Logistics platform and specifically our product and kitting offering.