Bond insurance

ICW Group Insurance Companies Launches New Commercial Package Insurance Offering In Illinois

Retrieved on: 
Tuesday, May 2, 2023
Insurance, Workers' compensation, Asset, Bond insurance, Risk management, Prism, Property, Workforce, Research, Catastrophe, Capital asset, Risk, Commercial property, Specialization, Commercial, Commercial general liability insurance, Life insurance

SAN DIEGO, May 2, 2023 /PRNewswire-PRWeb/ -- To help streamline the insurance experience and offer current and potential policyholders more products for a range of risks, ICW Group Insurance Companies, a leading group of property and casualty carriers, announces the launch of its new commercial package insurance offering.

Key Points: 
  • Lines of Business Expand to Include General Liability, Commercial Property and Capital Assets
    SAN DIEGO, May 2, 2023 /PRNewswire-PRWeb/ -- To help streamline the insurance experience and offer current and potential policyholders more products for a range of risks, ICW Group Insurance Companies, a leading group of property and casualty carriers , announces the launch of its new commercial package insurance offering.
  • Initially rolling out in Illinois with plans to expand throughout the US, the introduction of Commercial Package grows ICW Group's available products to include General Liability, Property and Capital Asset coverages.
  • Key benefits offered to businesses through ICW Group's Commercial Package include:
    Fast, flexible underwriting with the ability to tailor unique coverages to meet the changing needs of insureds.
  • For more information about ICW Group's Commercial Package insurance offering and for retail agents looking to get appointed, visit the Commercial Package website .

Midwest Builders’ Casualty Group Wins Award for “Excellence in Premium Growth for a Monoline Carrier” at Excellence in Insurance Innovation, Sponsored by Insurity

Retrieved on: 
Thursday, November 3, 2022
Technology, Mobile, Wireless, Insurance, Fintech, Professional Services, Software, Networks, Data Analytics, Data Management, P&C, Excellence, Growth, GI Partners, Organization, Bond insurance, TA Associates, MGA, Insurance, Midwestern United States, Sentry Insurance

Insurity , a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced that Midwest Builders Casualty Group is the recipient of the Excellence in Premium Growth for a Monoline Carrier award at Excellence in Insurance Innovation.

Key Points: 
  • Insurity , a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced that Midwest Builders Casualty Group is the recipient of the Excellence in Premium Growth for a Monoline Carrier award at Excellence in Insurance Innovation.
  • Midwest Builders Casualty is a regional mutual insurance company specializing in workers compensation insurance for the construction and manufacturing industries.
  • Throughout this transformation, none of our servicing standards have changed, said Beth Long, Chief Operating Officer at Midwest Builders Casualty Group.
  • Midwest Builders Casualty is a regional mutual insurance company specializing in workers compensation insurance for the construction and manufacturing industries.

Infinity Promotes John Hutchison to COO

Retrieved on: 
Thursday, March 3, 2022
Professional Services, Data Management, Technology, Software, Finance, Consulting, Banking, Opus, Investment banking, Risk management, Industry, Government, Solution, Growth, Bond insurance, Compliance, Senior, Lead, Community, COO, Hutchison, Pre, HMDA, Interest, Region, Credit union, Private-equity fund, Management, Infinity

Infinity IPS, a full service Mortgage Due Diligence, Pre/Post Close QC, Tax/Title and support services firm, has promoted John Hutchison to Chief Operating Officer.

Key Points: 
  • Infinity IPS, a full service Mortgage Due Diligence, Pre/Post Close QC, Tax/Title and support services firm, has promoted John Hutchison to Chief Operating Officer.
  • Promoting John to COO is key to the continued delivery of quality services as we grow, said Chandresh Mehta, Infinity IPS Chief Executive Officer.
  • John will help make sure that doesnt happen at Infinity.
  • Prior to joining Infinity, Hutchison was Principal at Capital Markets Consultant Group.

Assured Guaranty Ltd. Declares Quarterly Dividend of $0.22 per Common Share

Retrieved on: 
Wednesday, August 4, 2021
Professional Services, Insurance, Finance, Shareholders, Financial market, Corporate finance, Finance, Bond insurance, Stock market, Guaranty Trust Bank, Dividends

Assured Guaranty Ltd. (NYSE:AGO) today declared a quarterly dividend of $0.22 per common share.

Key Points: 
  • Assured Guaranty Ltd. (NYSE:AGO) today declared a quarterly dividend of $0.22 per common share.
  • The dividend is payable on September 1, 2021 to shareholders of record at the close of business on August 18, 2021.
  • Through its subsidiaries, Assured Guaranty provides credit enhancement products to the U.S. and international public finance, infrastructure and structured finance markets and also provides asset management services.
  • More information on Assured Guaranty Ltd. and its subsidiaries can be found at AssuredGuaranty.com .

S&P Global Ratings Affirms BAM’s AA Rating and Stable Outlook

Retrieved on: 
Thursday, July 29, 2021
Other Professional Services, Professional services, Insurance, Finance, Finance, Types of insurance, Build America Mutual, Bond insurance, Money, Credit rating agencies, Insurance, Financial services, Municipal bond, Bond, S&P Global Ratings

S&P Global Ratings published its full annual analysis of Build America Mutual and affirmed BAMs AA rating and stable outlook, the strongest rating S&P assigns to any active bond insurer.

Key Points: 
  • S&P Global Ratings published its full annual analysis of Build America Mutual and affirmed BAMs AA rating and stable outlook, the strongest rating S&P assigns to any active bond insurer.
  • BAM-insured municipal bond sales increased 27% in the first half of 2021 to a record $9.5 billion, which followed a full-year record for par insured in 2020.
  • The report recognized BAMs excellent capital adequacy, proven record of credit discipline, and low-risk portfolio, which includes only U.S. municipal bonds from issuers who provide essential public services.
  • BAM has a broad presence across the U.S. and its insured exposure represents the lowest risk sectors, as measured by S&P Global Ratings capital charges, the agency said in its report.

Assured Guaranty Ltd. to Report Second Quarter 2021 Financial Results on August 5, 2021

Retrieved on: 
Thursday, July 22, 2021
Professional services, Insurance, Finance, New York Stock Exchange, Service companies, Bond insurance

Assured Guaranty Ltd. (NYSE: AGO)(the Company) today announced that it will issue its financial results press release for the second quarter ended June 30, 2021 after 4:00 p.m. Eastern Time (5:00 p.m. Atlantic Time) on Thursday, August 5, 2021.

Key Points: 
  • Assured Guaranty Ltd. (NYSE: AGO)(the Company) today announced that it will issue its financial results press release for the second quarter ended June 30, 2021 after 4:00 p.m. Eastern Time (5:00 p.m. Atlantic Time) on Thursday, August 5, 2021.
  • The press release and Assured Guaranty Ltd.'s Financial Supplement for June 30, 2021 will be available in the Investor Information section of the Company's website located at AssuredGuaranty.com .
  • The Company will host a conference call for investors at 8:00 a.m. Eastern Time (9:00 a.m. Atlantic Time) on Friday, August 6, 2021.
  • More information on Assured Guaranty Ltd. and its subsidiaries can be found at AssuredGuaranty.com .

S&P Affirms Assured Guaranty’s AA Financial Strength Ratings with Stable Outlook

Retrieved on: 
Monday, July 12, 2021
Other Professional Services, Professional services, Finance, Bond insurance, Surety

Assured Guaranty Ltd. (NYSE:AGO) announced today that S&P Global Ratings (S&P) has affirmed the AA financial strength ratings on U.S. bond insurers Assured Guaranty Municipal Corp. (AGM) and Assured Guaranty Corp. (AGC); U.K. financial guarantor Assured Guaranty UK Limited (AGUK) and European financial guarantor Assured Guaranty (Europe) SA (AGE); and Bermuda insurers Assured Guaranty Re Ltd. (AGRe) and Assured Guaranty Re Overseas Ltd. (AGRO).

Key Points: 
  • Assured Guaranty Ltd. (NYSE:AGO) announced today that S&P Global Ratings (S&P) has affirmed the AA financial strength ratings on U.S. bond insurers Assured Guaranty Municipal Corp. (AGM) and Assured Guaranty Corp. (AGC); U.K. financial guarantor Assured Guaranty UK Limited (AGUK) and European financial guarantor Assured Guaranty (Europe) SA (AGE); and Bermuda insurers Assured Guaranty Re Ltd. (AGRe) and Assured Guaranty Re Overseas Ltd. (AGRO).
  • The outlooks of all the Assured Guaranty entities are stable.
  • In response to the report, Dominic Frederico, President and CEO of Assured Guaranty said: Once again, S&Ps affirmation of our AA, stable financial strength ratings reflects Assured Guarantys strong capital adequacy and competitive position, exceptional liquidity, well thought out and measured approach to underwriting a diverse insurance portfolio and the financial strength to withstand even the most challenging of market cycles.
  • More information on Assured Guaranty Ltd. and its subsidiaries can be found at AssuredGuaranty.com.

Assured Guaranty Municipal Holdings, Inc. Is Redeeming Certain Outstanding Debt

Retrieved on: 
Friday, July 9, 2021
Other Professional Services, Professional services, Finance, Bond, Security, Bond insurance

Assured Guaranty Ltd. (NYSE: AGO) announced that its subsidiary, Assured Guaranty Municipal Holdings, Inc. is redeeming certain outstanding debt:

Key Points: 
  • Assured Guaranty Ltd. (NYSE: AGO) announced that its subsidiary, Assured Guaranty Municipal Holdings, Inc. is redeeming certain outstanding debt:
    Assured Guaranty Municipal Holdings Inc.
    6.875% Quarterly Interest Bond Security due December 15, 2101
    Pursuant to the terms of the governing document dated as of February 24, 1999, between Assured Guaranty Municipal Holdings Inc., as Issuer, and U.S. Bank National Association, as Trustee or Agent, the bonds listed below were selected for full redemption on July 9, 2021 (the Redemption Date) at the price listed below of the principal amount (the Redemption Price) together with interest accrued to the Redemption Date.

Radian Releases Monthly Operating Statistics for June 2021

Retrieved on: 
Friday, July 9, 2021
Finance, Banking, Professional services, Residential Building & Real Estate, Construction & Property, Mortgage, Loans, Money, Finance, Mortgage insurance, Radian Group, Loan servicing, Mortgage loan, Forbearance, Economy, Bond insurance

Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., today released monthly operating statistics related to the credit performance of its insured portfolio for the month of June 2021.

Key Points: 
  • Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., today released monthly operating statistics related to the credit performance of its insured portfolio for the month of June 2021.
  • The information includes total new primary defaults, which include defaults under forbearance programs in response to the COVID-19 pandemic, as well as cures, claims paid and rescissions/denials.
  • The information regarding new defaults and cures is reported to Radian Guaranty from loan servicers.
  • The company considers a loan to be in default for financial statement and internal tracking purposes upon receipt of notification by servicers that a borrower has missed two monthly payments.

Radian Releases Monthly Operating Statistics for May 2021

Retrieved on: 
Friday, June 4, 2021
Other Professional Services, Construction & Property, Insurance, Finance, Banking, Professional services, Other Construction & Property, Residential Building & Real Estate, Mortgage, Loans, Money, Finance, Mortgage insurance, Radian Group, Loan servicing, Mortgage loan, Forbearance, Economy, Bond insurance

Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., today released monthly operating statistics related to the credit performance of its insured portfolio for the month of May 2021.

Key Points: 
  • Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., today released monthly operating statistics related to the credit performance of its insured portfolio for the month of May 2021.
  • The information includes total new primary defaults, which include defaults under forbearance programs in response to the COVID-19 pandemic, as well as cures, claims paid and rescissions/denials.
  • The information regarding new defaults and cures is reported to Radian Guaranty from loan servicers.
  • The company considers a loan to be in default for financial statement and internal tracking purposes upon receipt of notification by servicers that a borrower has missed two monthly payments.