British Insurance Services

United We Care Unveils Stella 2.0 - First Ever Global Virtual Coach: Transforming from Generative AI to Cognitive AI

Retrieved on: 
Friday, November 17, 2023
World Health Organization, Mental, Generative, Health, Synthetic media, EAP, DSM-IV codes, British Insurance Services, UWC, Caregiver, System, Emotion, AI, Empathy, Deep tech, SVP, Nursing, Health care, Healthy Entreprise

NEW YORK, Nov. 17, 2023 /PRNewswire/ -- United We Care is proud to disrupt a groundbreaking leap in the evolution of its virtual global wellness coach, Stella 2.0.

Key Points: 
  • NEW YORK, Nov. 17, 2023 /PRNewswire/ -- United We Care is proud to disrupt a groundbreaking leap in the evolution of its virtual global wellness coach, Stella 2.0.
  • Accessible and affordable mental health services have remained a constant global challenge, United We Care brings in preventive and diagnostic care via AI and Deep Tech to this pressing global issue.
  • Dr. Zereana Jess-Huff, SVP, North America at United We Care says, "With Stella 2.0, users can expect: Enhanced Emotional Understanding.
  • Stella 2.0 is a testament to UWC's commitment to addressing the global mental health crisis specially in the US.

Sas Mukherjee joins as the President of Catalyst Solutions

Retrieved on: 
Wednesday, November 15, 2023
Mukherjee, Sale, Corporation, Medicaid, CFO, SAS, FTSE, Serco, Culture, Division, M&A, British Insurance Services, Insurance, Corporate development, Growth, Banking BPO services, BPO, Fortune 500, Fine chemical, Management, Consultant, Onex, Catalysis

DENVER, Nov. 15, 2023 /PRNewswire/ -- Catalyst Solutions, a leader in healthcare business process outsourcing (BPO), technology, and consulting services announces the appointment of Sas Mukherjee as President, starting November 15, 2023.

Key Points: 
  • DENVER, Nov. 15, 2023 /PRNewswire/ -- Catalyst Solutions, a leader in healthcare business process outsourcing (BPO), technology, and consulting services announces the appointment of Sas Mukherjee as President, starting November 15, 2023.
  • Mukherjee's appointment marks a pivotal step in Catalyst's growth journey, bringing his extensive experience and proven leadership to guide Catalyst through a new era of growth and transformation.
  • Rachel Spilo, CEO & Founder, commented on Mukherjee's experience "Sas is the quintessential leader for Catalyst's next phase.
  • Sas Mukherjee shared his vision for Catalyst: "My background in C-level roles, particularly in the private equity space, has shown me that Catalyst embodies the type of platform with marquee clients and differentiated solutions that are highly sought after in the market.

SiriusPoint reports 87.6% Combined ratio for its Core operations with Net Income up $622m at 9M’23

Retrieved on: 
Wednesday, November 8, 2023
Storm, Sale, Risk, Security (finance), Tax, Deferred acquisition costs, LPT, Corporation, Schedule 13D, GAAP, Acquisition, Internet, 2020 Iran–Turkey earthquakes, Bank statement, Growth, British Insurance Services, COVID-19, Regulate... G Funk Era, Net, Mga offensive, Total, Investment, Hurricane Ian, Agreement, Annual report, Effect, Management, Bank, Cryptocurrency, Reinsurance, Insurance, Materiality, Core

Core underwriting income (loss), Core net services income, Core income (loss) and Core combined ratio are non-GAAP financial measures.

Key Points: 
  • Core underwriting income (loss), Core net services income, Core income (loss) and Core combined ratio are non-GAAP financial measures.
  • Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures.
  • Segment income for the nine months ended September 30, 2023 consists of underwriting income of $34.8 million (96.3% combined ratio) and net services income of $34.7 million, compared to underwriting income of $10.7 million (98.5% combined ratio) and net services income of $31.2 million for the nine months ended September 30, 2022.
  • Core underwriting income, Core net services income, Core income, and Core combined ratio are non-GAAP financial measures.

BTIS Celebrates 25 Years of Excellence and Unveils Exciting Rebrand

Retrieved on: 
Tuesday, September 19, 2023
Insurance, Small business, British Insurance Services, Norby (TV series)

ROCKLIN, Calif., Sept. 19, 2023 /PRNewswire/ -- Builders & Tradesmen's Insurance Services (BTIS), a leading insurance intermediary catering to small businesses, celebrates 25 years of commitment to serving the insurance needs of the small business market.

Key Points: 
  • ROCKLIN, Calif., Sept. 19, 2023 /PRNewswire/ -- Builders & Tradesmen's Insurance Services (BTIS), a leading insurance intermediary catering to small businesses, celebrates 25 years of commitment to serving the insurance needs of the small business market.
  • BTIS announced a dynamic rebranding that reflects its strategic evolution and positioning to seamlessly deliver best-in-class end-to-end insurance solutions to the small business market.
  • Founded on the core principles of integrity, reliability and customer-centricity, BTIS has grown exponentially over the last 25 years, solidifying its position as a trusted partner to the insurance industry.
  • "The rebranding brings together the strength and diversity of BTIS' broad reach, superior customer-focused delivery and underwriting strength around the small business market.

Lively Debuts Four New Lifestyle Spending Accounts (LSAs) to Empower Employers to Meet Real Employee Needs

Retrieved on: 
Wednesday, September 13, 2023
Technology, Insurance, Human Resources, Professional Services, Health Insurance, Software, Internet, Health, General Health, Travel, Food, Culture, Health savings account, Multimedia, British Insurance Services, LSA, Computer, Organization, Retirement, Partner, Love, Fertility, HR, Employee benefits, Sport, All the People: Blur Live at Hyde Park, Transport, Fear of negative evaluation, HSA, Sales, Health insurance, Self storage, Lively

This expansion empowers organizations to meet their employees' ever-evolving needs by offering easily customizable spending accounts.

Key Points: 
  • This expansion empowers organizations to meet their employees' ever-evolving needs by offering easily customizable spending accounts.
  • As a forward-thinking innovator in the benefits industry, Lively’s new group of LSAs furthers the company’s commitment to delivering benefit solutions that employers and employees love.
  • LSAs enable employers to provide a benefit that supports the whole employee beyond health alone.
  • With Lively LSAs, employers can flexibly meet real employee needs, enhance their workplace culture, and attract and retain employees.

Sunshine Insurance Announces 2023 Interim Results

Retrieved on: 
Monday, August 28, 2023
Social responsibility, Insurance, Perseverance, Belt and Road Initiative, Partnership, Life, Big data, Face, Marketing, Risk management, Human, Research, Attention, RMB, Sunlight, GWP, Internet, British Insurance Services, Philosophy, School, Entrepreneurship, Matrix, Originality, Map, SEHK, OPI, Yoy, Growth, R, Belt, Individual Partnership Action Plan, SME, Retail, Fine chemical, Management

HONG KONG, Aug 28, 2023 - (ACN Newswire) - Sunshine Insurance Group Company Limited ("Sunshine Insurance" or the "Company", together with its subsidiaries, the "Group"; SEHK stock code: 06963.HK) is pleased to announce its interim results for the six months ended June 30, 2023 (the "Reporting Period").

Key Points: 
  • HONG KONG, Aug 28, 2023 - (ACN Newswire) - Sunshine Insurance Group Company Limited ("Sunshine Insurance" or the "Company", together with its subsidiaries, the "Group"; SEHK stock code: 06963.HK) is pleased to announce its interim results for the six months ended June 30, 2023 (the "Reporting Period").
  • In the first half of 2023, despite a complex and challenging external environment, China's economy continued its recovery and showed remarkable resilience.
  • As a leading insurance company in China, the Group kept focusing on the insurance business which is the main business, with life insurance and property and casualty insurance businesses progressing in tandem and developing in a balanced manner.
  • As of June 30, 2023, Sunshine Life Insurance had approximately 13.51 million active customers.

SiriusPoint reports 84.4% Combined ratio for its Core operations at Q2’23 with Net Income up $483m from half year 2022

Retrieved on: 
Wednesday, August 2, 2023
Insurance, British Insurance Services, Risk, MIT Blackjack Team, COVID-19, Tax, LPT, Regulate... G Funk Era, GAAP, Sale, Internet, Acquisition, Investment, Annual report, Corporation, Deferred acquisition costs, Growth, Schedule 13D, Security (finance), Total, Bank, Cryptocurrency, Reinsurance, Life insurance, Health insurance, Core, Arcadian

(1)  Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures.

Key Points: 
  • (1)  Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures.
  • Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures.
  • Income for the three months ended June 30, 2023 consists of underwriting income of $81.7 million (87.7% combined ratio) and net services income of $3.6 million, compared to underwriting income of $9.6 million (98.3% combined ratio) and net services income of $10.6 million for the three months ended June 30, 2022.
  • Core underwriting income, Core net services income, Core income, and Core combined ratio are non-GAAP financial measures.

SiriusPoint Reports 80.5% Combined Ratio for its Core Operations at Q1 2023 with Net Income Up $358m Year On Year

Retrieved on: 
Wednesday, May 3, 2023
Insurance, British Insurance Services, Risk, MIT Blackjack Team, COVID-19, Third Point Management, Tax, LPT, Regulate... G Funk Era, Property, GAAP, Committee, Internet, Financial Accounting Standards Board, Acquisition, Investment, Three Mile Island accident health effects, Annual report, Corporation, Deferred acquisition costs, Growth, Schedule 13D, Security (finance), Property and casualty insurance guaranty funds, Earnings call, Accident, Bank, Cryptocurrency, Reinsurance, Core

(1)  Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures.

Key Points: 
  • (1)  Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures.
  • Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures.
  • Income for the three months ended March 31, 2023 consists of underwriting income of $107.4 million (80.5% combined ratio) and net services income of $12.8 million, compared to underwriting income of $12.7 million (97.5% combined ratio) and net services income of $14.0 million for the three months ended March 31, 2022.
  • Core underwriting income, Core net services income, Core income, and Core combined ratio are non-GAAP financial measures.

Kuvare Insurance Services Announces Launch of New Leveraged Finance Asset Manager

Retrieved on: 
Friday, March 3, 2023
Asset Management, Professional Services, Insurance, Finance, American Capital, KIS, British Insurance Services, Lisp (programming language), Growth, SLC, Financial services

Kuvare Insurance Services LP (KIS), a boutique asset manager that oversees approximately $22 billion in primarily investment-grade assets, today announced the commercial launch of a new subsidiary, Katayma Credit Management (Katayma), to focus on the U.S. non-investment grade corporate debt market.

Key Points: 
  • Kuvare Insurance Services LP (KIS), a boutique asset manager that oversees approximately $22 billion in primarily investment-grade assets, today announced the commercial launch of a new subsidiary, Katayma Credit Management (Katayma), to focus on the U.S. non-investment grade corporate debt market.
  • Upon the 2022 launch of its third-party asset-management business, KIS broadened its mandate and began managing assets for new insurance company clients, in addition to its historical focus on managing assets exclusively for businesses affiliated with the Kuvare Holdings organization.
  • With the addition of Katayma, KIS’s product offering will expand to include management of collateralized loan obligations (CLOs) and other fund vehicles backed by broadly syndicated leveraged loans.
  • “We are excited to come aboard to provide our expertise to KIS clients, and we are looking forward to establishing a market-leading leveraged finance asset management platform over the coming years,” said Pelletier.

SiriusPoint Reports Significant Progress Made During 2022 and Aims to Achieve Double-Digit Return on Average Common Equity by 2024

Retrieved on: 
Thursday, February 23, 2023
Regulate... G Funk Era, Earnings call, Annual report, Corporation, GAAP, Deferred acquisition costs, Hurricane Ian, General insurance, Investment, Hurricane Ida, IMG, Security (finance), Aviation, Internet, Growth, Total, British Insurance Services, Tax, MG MGA, LPT, Armada, Compre Bem, African, COVID-19, Risk, Bank, Reinsurance, Insurance, Cryptocurrency, Core

Consolidated underwriting income for the three months ended December 31, 2022 was $57.9 million compared to $24.0 million for the three months ended December 31, 2021.

Key Points: 
  • Consolidated underwriting income for the three months ended December 31, 2022 was $57.9 million compared to $24.0 million for the three months ended December 31, 2021.
  • Catastrophe losses, net of reinsurance and reinstatement premiums, for the three months ended December 31, 2022 were $0.2 million.
  • These losses were partially offset by contributions from interest rate hedges, long energy and utilities equity and short equity positions.
  • Tangible book value per diluted common share excludes the total number of unvested restricted shares, at period end, and intangible assets.