OIR

Retired Four-Star Army General Paul Edward Funk II Joins Red Cat’s Board of Directors

Retrieved on: 
Friday, March 15, 2024
OIR, Moses Austin, Organization, Montana State University, Risk, TRADOC, SAN, Center of excellence, Knowledge, University, RCAT, Software, III Corps, Central Michigan University, Command, Defense Distinguished Service Medal, ISIS, Administration, Government, Advanced technology, Army, Commander, Management

SAN JUAN, Puerto Rico, March 15, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced that General (R) Paul Edward Funk II has joined its Board of Directors.

Key Points: 
  • SAN JUAN, Puerto Rico, March 15, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced that General (R) Paul Edward Funk II has joined its Board of Directors.
  • The addition of General Funk brings the Board’s current composition to five members, including four independent directors.
  • “As an internationally recognized, combat-proven leader with a track record of transforming large, complex organizations, General Funk brings a wealth of knowledge to Red Cat during an important growth phase of our company,” said Jeff Thomson, Red Cat’s CEO.
  • He was awarded the Defense Distinguished Service Medal — the nation’s 4th highest honor — for outstanding leadership in combat.

KBRA Assigns AA Rating to the State of Florida State Board of Administration Finance Corporation Revenue Bonds, Series 2024A; Outlook is Stable

Retrieved on: 
Friday, March 22, 2024
Banking, Professional Services, Finance, OIR, KBRA, Parity, The Act, Administration, State, AA, Insurance

KBRA has assigned a long-term rating of AA with a Stable Outlook to the State of Florida State Board of Administration Finance Corporation Revenue Bonds, Series 2024A.

Key Points: 
  • KBRA has assigned a long-term rating of AA with a Stable Outlook to the State of Florida State Board of Administration Finance Corporation Revenue Bonds, Series 2024A.
  • The rating reflects the Florida Hurricane Catastrophe Fund’s (“FHCF’s”) strong debt repayment capabilities, which derive from its ability to levy assessments on almost all property and casualty insurance policies statewide.
  • FHCF’s strong governance ties and the oversight provided by the State Board of Administration are credit strengths.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

Outsourcing's First Impact Analysis Revealed: Outsource Accelerator

Retrieved on: 
Monday, October 30, 2023
Carbon, OIR, Education, OA, Organization, Health, Consultant

MANILA, Philippines, Oct. 30, 2023 /PRNewswire/ -- Outsource Accelerator (OA), a leading global outsourcing marketplace and advisory, has announced the winners of the OA Outsourcing Impact Review (OIR) .

Key Points: 
  • MANILA, Philippines, Oct. 30, 2023 /PRNewswire/ -- Outsource Accelerator (OA), a leading global outsourcing marketplace and advisory, has announced the winners of the OA Outsourcing Impact Review (OIR) .
  • This first-of-its-kind analysis recognizes outsourcing companies making a positive impact through community building, education, diversity and inclusion, and health and wellness initiatives.
  • Gold: "Carbon Footprint Initiative" - Sourcefit Inc.
    An esteemed panel of judges selected winners based on impact measurement, sustainability, innovation and scalability.
  • "This review aims to both quantify the positive impact through hard numbers, and to highlight individual stories of positive impact," said Gallimore.

KINGSWAY ANNOUNCES FORMATION OF VERTICAL MARKET SOLUTIONS, LLC ("VMS") AND ACQUISITION OF SYSTEMS PRODUCTS INTERNATIONAL, INC. / KINGSWAY SEARCH XCLERATOR ANNOUNCES ADDITION OF MILES MAMON

Retrieved on: 
Monday, September 11, 2023
Morgan Stanley, KFS, Colombian Civil War, SPI, United States Department of the Army, VMS, Army, Atmosphere, History, Mile, Holland & Knight, App Store (iOS/iPadOS), OIR, Acquisition, Merchant bank, JD, Management, KSX, NYSE, Conference, Real estate, Cryptocurrency, Economics, Northwestern University

ET

Key Points: 
  • ET
    Fourth acquisition under the Kingsway Search Xcelerator Program, first in 2023
    CHICAGO, Sept. 11, 2023 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway") today announced the formation of Vertical Market Solutions, LLC ("VMS") and the acquisition of the privately-held vertical market software company Systems Products International, Inc. ("SPI").
  • This acquisition is the fourth acquisition completed under the Kingsway Search Xcelerator Program.
  • "This is Kingsway's fourth acquisition under the Kingsway Search Xcelerator Program and our first in the vertical market software space," said Kingsway President and CEO, J.T.
  • Kingsway also announced today that Miles Mamon has joined its innovative Kingsway Search Xclerator ("KSX") segment as the newest OIR.

KINGSWAY SEARCH XCLERATOR ANNOUNCES ADDITION OF PETER HEARNE AND CHARLES JOYCE

Retrieved on: 
Tuesday, May 2, 2023
KFS, Centerview Partners, Business development, General Electric, OnDeck Capital, Pritzker School, B2B, Risk management, MBA, Kellogg School, McKinsey & Company, Credit Suisse, OIR, Georgetown University, The Dorilton, JD, Harvard Business School, Principal, Centerview, Missouri, Cornell University, KSX, NYSE, BA, Northwestern University, Management, Forest division

CHICAGO, May 2, 2023 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced that Peter Hearne and Charles Joyce have joined its innovative Kingsway Search Xclerator ("KSX") segment.

Key Points: 
  • CHICAGO, May 2, 2023 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced that Peter Hearne and Charles Joyce have joined its innovative Kingsway Search Xclerator ("KSX") segment.
  • Mr. Hearne joins as the newest Operator-in-Residence, while Mr. Joyce joins as the KSX Vice President of Business Development, a newly created position.
  • "We are excited to welcome Peter and Charles to the KSX team," said John T. Fitzgerald, the President and Chief Executive Officer of Kingsway.
  • Charles joins Kingsway from Forest Circle LLC - a Search investment firm - where, as Principal and Chief Executive Officer, he was responsible for sourcing and evaluating investment opportunities.

Hurricane Ian First Responders Honored at "Win the Storm Conference" in Fort Lauderdale

Retrieved on: 
Monday, March 13, 2023
Storm, Diamond, RMS, Entrepreneurship, Marketing, Virtual reality, Florida Department, Software, RSVP, AI, Military personnel, Insurance, Parade, Contractor, Conference, United States Army Corps of Engineers, Business, National Hurricane Center, Hurricane Ian, Weather, Police, VR, Swiss Re, Student, OIR, APA, Seating assignment, NFIP, Florida Department of Business and Professional Regulation, WTS, National Flood Insurance Program, VIP, Category 4, SVG, National Roofing Contractors Association, Q&A, Hurricane Katrina, Property insurance, United States Army

FORT LAUDERDALE, Fla., March 13, 2023 /PRNewswire-PRWeb/ -- Storm Ventures Group (SVG) kicks off the 9th annual "Win The Storm Conference" (WTS) with a parade recognizing Hurricane Ian first responders on Wednesday, March 15 at 9 a.m. at the Greater Fort Lauderdale Broward Convention Center located at 1950 Eisenhower Blvd. Local politicians, dignitaries, community members and the media are invited to the parade and conference. RSVP is required.

Key Points: 
  • FORT LAUDERDALE, Fla., March 13, 2023 /PRNewswire-PRWeb/ -- Storm Ventures Group (SVG) kicks off the 9th annual "Win The Storm Conference" (WTS) with a parade recognizing Hurricane Ian first responders on Wednesday, March 15 at 9 a.m. at the Greater Fort Lauderdale Broward Convention Center located at 1950 Eisenhower Blvd.
  • A complimentary VIP luncheon will be held for the first responders and parade participants from 12-2 p.m. in the convention center's Main Conference Hall B.
  • Often, the first responders that help these communities recover don't get enough recognition," says Anthony Delmedico, producer of the Win The Storm Conference and Tradeshow Expo.
  • According to reinsurer Swiss Re, Hurricane Ian caused the second-largest insured loss after Hurricane Katrina in 2005 and was ranked top five costliest storm.

Aspen Appoints New Director

Retrieved on: 
Wednesday, March 8, 2023
Professional Services, Insurance, Finance, General insurance, Commissioner, National Association of Insurance Commissioners, National Association, Managing the Professional Service Firm, Management, Government, COVID-19, OIR, Health care, Agriculture, Property

Aspen Insurance Holdings Limited (“Aspen”) is pleased to announce the appointment of David Altmaier to its Board as a Non-Executive Director, subject to receipt of any required regulatory approvals.

Key Points: 
  • Aspen Insurance Holdings Limited (“Aspen”) is pleased to announce the appointment of David Altmaier to its Board as a Non-Executive Director, subject to receipt of any required regulatory approvals.
  • David was previously the Commissioner of Insurance for the State of Florida, leading the Office of Insurance Regulation (“OIR”) between April 2016 and December 2022.
  • David started at the OIR in 2008, serving in a number of increasingly senior roles, including as Director of Property & Casualty Financial Oversight and, prior to assuming the role of Commissioner, as Deputy Commissioner of Property and Casualty Insurance.
  • Group Chief Executive Officer and Chairman, Mark Cloutier said of his appointment: “I am delighted to welcome David to the Board of Aspen.

MedCrypt is Joined by Former FDA Premarket Reviewer and Consumer Safety Officer Naomi Schwartz as New Senior Director of Cybersecurity Quality and Safety

Retrieved on: 
Tuesday, August 30, 2022
Product, Software, MDM, Technology, Samuel, Y Combinator, Regulation of food and dietary supplements by the U.S. Food and Drug Administration, Government, FDA Center for Devices and Radiological Health, Type 1 diabetes, International School of Management Excellence, OIR, Food, Department, AID, IVD, Samuel J. Heyman Service to America Medals, Department of Defense Cyber Crime Center, Computer security, Consultant, Naomi, EMC, FDA, Uncertainty, Risk, Eniac Ventures, Patient, Medical device, Risk management, Safety

SAN DIEGO, Aug. 30, 2022 /PRNewswire/ -- MedCrypt, Inc., the proactive cybersecurity solution provider for medical devices, today announced Naomi Schwartz as their new Senior Director of Cybersecurity Quality and Safety. Prior to MedCrypt, Naomi was a premarket reviewer and consumer safety officer for the U.S. Food and Drug Administration (FDA) in the Office of In Vitro Diagnostics and Radiological Health (OIR). With over 20 years of systems engineering experience, Naomi's primary focus at MedCrypt will be to lead analysis of cybersecurity designs for medical devices and help medical device manufacturers (MDMs) optimize their cybersecurity framework to meet guidelines set by the FDA. 

Key Points: 
  • Prior to MedCrypt, Naomi was a premarket reviewer and consumer safety officer for the U.S. Food and Drug Administration (FDA) in the Office of In Vitro Diagnostics and Radiological Health (OIR).
  • She was also the FDA's liaison on standards for cybersecurity of diabetes devices and for EMC of In Vitro Diagnostic (IVD) devices.
  • In her role at MedCrypt, Naomi will lead analyses of cybersecurity designs for medical devices and help MDMs optimize their cybersecurity implementations.
  • Naomi is joining MedCrypt alongside Jamell Pentecost, who was recently announced as MedCrypt's Senior Director of Product Security Services along with Ken Hoyme, who joined MedCrypt's Advisory Board.

FedNat Announces Completion of $15 Million Investment in Monarch National Insurance Company by Funds Managed by Hale Partnership and Monarch’s Assumption of Majority of FedNat Insurance Company’s Florida Policies

Retrieved on: 
Wednesday, July 6, 2022
Insurance, Securities Act of 1933, Securities Exchange Act of 1934, GLOBE, SUNRISE, U.S. Securities and Exchange Commission, Forward-looking statement, Terminology, Policy, OIR, Nasdaq, FNIC, Security (finance), Life insurance, Reinsurance, Monarch

This assumption occurred simultaneously with the closing of the previously announced $15,000,000 investment in Monarch by funds managed by Hale Partnership Capital Management LLC (Hale Group).

Key Points: 
  • This assumption occurred simultaneously with the closing of the previously announced $15,000,000 investment in Monarch by funds managed by Hale Partnership Capital Management LLC (Hale Group).
  • With the closing of the transaction, the Hale Group is now majority owner of Monarch, with FedNat holding a minority interest and maintaining representation on Monarchs board.
  • Policy servicing and claims administration with respect to the policies transferred to Monarch will continue to be performed by FedNat Underwriters, a wholly owned subsidiary of FedNat.
  • FedNat, through its minority equity investment in Monarch National Insurance Company, is transitioning to providing homeowners insurance exclusively within the State of Florida.

Triple-I: Extreme Fraud and Litigation Causing Florida's Homeowners Insurance Market's Demise

Retrieved on: 
Thursday, June 23, 2022
Information International, Inc., Pacific typhoon season, Pressure, Season, Senate, Insurance, NAIC, Policy, Flood, National Association of Insurance Commissioners, Treasurer, Insurance Commissioner, and Fire Marshal of Florida, Failure, Insurance Information Institute, Face, Irma, CEO, Lists of disasters, National Association, Multimedia, ST, OIR, Property insurance, Health insurance

"Floridians pay the highest homeowners insurance premiums in the nation for reasons having little to do with their exposure to hurricanes," said Sean Kevelighan, CEO, Triple-I.

Key Points: 
  • "Floridians pay the highest homeowners insurance premiums in the nation for reasons having little to do with their exposure to hurricanes," said Sean Kevelighan, CEO, Triple-I.
  • "Floridians are seeing homeowners insurance become costlier and scarcer because for years the state has been the home of too much litigation and too many fraudulent roof replacement schemes.
  • Florida, however, is the site of 79 percent of all homeowners insurance lawsuits over claims filed nationwide while Florida's insurers receive only 9 percent of all U.S. homeowners insurance claims, according to the Florida governor's office .
  • Citizens provides insurance coverage to homeowners unable to find a private-sector insurer willing to sell them a homeowners insurance policy.