Insurance

Research Report with COVID-19 Forecasts- Insurance Brokerage Market 2020-2024 | Increased Demand for Insurance Policies to Boost Market Growth | Technavio

Saturday, July 4, 2020 - 12:30am
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200703005235/en/
    Technavio has announced its latest market research report titled Global Insurance Brokerage Market 2020-2024 (Graphic: Business Wire)
    The global insurance brokerage market is witnessing an increase in the demand for accidental insurance, life insurance, medical insurance, vehicle insurance, liability insurance, and property insurance.
  • These factors are expected to fuel the growth of the global insurance brokerage market.
  • Many such M&A activities are expected to have a positive impact on the growth of the global insurance brokerage market.
  • This market research report segments the insurance brokerage market by type (non-life insurance and life insurance) and geography (APAC, Europe, MEA, North America, and South America).

$5.2 Billion Worldwide Dashboard Camera Market to 2026 - Profiling Panasonic, Garmin & LG Among Others

Friday, July 3, 2020 - 3:30pm

The Global Dashboard Camera Market size is expected to reach $5.2 billion by 2026, rising at a market growth of 14.9% CAGR during the forecast period.

Key Points: 
  • The Global Dashboard Camera Market size is expected to reach $5.2 billion by 2026, rising at a market growth of 14.9% CAGR during the forecast period.
  • For liability and insured claims, the camera footages obtained from dashboard cameras are now accepted.
  • Insurance companies encourage the use of dashboard cameras with insurance premium discounts to combat false insurance claims.
  • Several insurance companies offer customers up to 15% discount on monthly rates for their vehicle using dashboard cameras.

ReAlign Completes Acquisition of National Lloyds and American Summit Insurance Companies

Thursday, July 2, 2020 - 9:46pm

ReAlign Insurance Holdings, LLC (ReAlign) today announced the completion of its acquisition of National Lloyds Insurance Company (NLIC) and American Summit Insurance Company (ASIC) (collectively, the Carriers) from Align NL Holdings, LLC, a subsidiary of Align Financial Holdings, LLC (Align).

Key Points: 
  • ReAlign Insurance Holdings, LLC (ReAlign) today announced the completion of its acquisition of National Lloyds Insurance Company (NLIC) and American Summit Insurance Company (ASIC) (collectively, the Carriers) from Align NL Holdings, LLC, a subsidiary of Align Financial Holdings, LLC (Align).
  • The Carriers are Texas-domiciled admitted insurance companies that write specialty personal property insurance including: homeowners, low value dwelling, mobile and manufactured homes.
  • NLIC and ASIC hold licenses to write property and casualty insurance in 43 states and are currently rated A (Excellent) by AM Best.
  • The companys subsidiaries include: Align General Insurance Agency, LLC, Catalytic Risk Managers & Insurance Agency, LLC, Deposit Choice, LLC and NALICO General Agency, Inc.
    View source version on businesswire.com: https://www.businesswire.com/news/home/20200702005579/en/

RenaissanceRe Schedules Second Quarter 2020 Financial Results Conference Call

Thursday, July 2, 2020 - 9:15pm

RenaissanceRe Holdings Ltd. (NYSE: RNR) (the Company or RenaissanceRe) will conduct an investment community conference call on Wednesday, July 29, 2020, at 11:00 a.m.

Key Points: 
  • RenaissanceRe Holdings Ltd. (NYSE: RNR) (the Company or RenaissanceRe) will conduct an investment community conference call on Wednesday, July 29, 2020, at 11:00 a.m.
  • ET to discuss its financial results for the second quarter of 2020, as well as the Company's outlook.
  • RenaissanceRe will release its results following the close of market on Tuesday, July 28, 2020.
  • A live webcast of the conference call will be available through the Investors section of RenaissanceRe's website at www.renre.com .

United Insurance Holdings Corp. Previews Q2-2020 Estimated Catastrophe Losses

Thursday, July 2, 2020 - 9:02pm

United Insurance Holdings Corp. (NASDAQ: UIHC) (UPC Insurance or the Company), a property and casualty insurance holding company, today announced estimated catastrophe losses incurred during the second quarter ending June 30, 2020 of approximately $30 million before income taxes (approximately $23 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 catastrophe losses incurred during the second quarter ending June 30, 2020 of approximately $30 million before income taxes (approximately $23 million after tax) net of expected reinsurance recoveries.
  • The Companys second quarter catastrophe losses included claims from 15 new catastrophe events assigned serial numbers by Property Claims Services (PCS) and 3 new named tropical windstorms.
  • 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.

Assurant Appoints Former T-Mobile CFO J. Braxton Carter to Its Board of Directors

Thursday, July 2, 2020 - 9:15pm
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200702005372/en/
    Braxton Carter Appointed to Assurant Board of Directors (Photo: Business Wire)
    We are excited to have Braxton join our Board, said Assurant Board Chair Elaine Rosen.
  • We are continuously evolving our Boards composition to further strengthen the breadth of expertise around key growth areas of our business.
  • Carter has also held senior finance leadership roles at PrimeCo Personal Communications (now Verizon Wireless) and Neostar Retail Group (now GameStop).
  • Carter previously served on the Board of Alumni for the Leeds School of Business of the University of Colorado and is a certified public accountant.

Argo Group Schedules Second Quarter 2020 Earnings Release and Conference Call

Thursday, July 2, 2020 - 8:20pm

Argo Group International Holdings, Ltd. (Argo or the company) (NYSE: ARGO), announced today it will release 2020 second quarter financial results after the close of U.S. financial markets on Monday, August 3, 2020.

Key Points: 
  • Argo Group International Holdings, Ltd. (Argo or the company) (NYSE: ARGO), announced today it will release 2020 second quarter financial results after the close of U.S. financial markets on Monday, August 3, 2020.
  • Company management will conduct an investor conference call starting at 10 a.m. EDT on Tuesday, August 4, 2020.
  • Instructions for Connecting to the August 4, 2020, Conference Call
    A live webcast of the conference call can be accessed at https://services.choruscall.com/links/argo200804.html .
  • ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.
    Argo Group International Holdings, Ltd. (NYSE: ARGO), is an underwriter of specialty insurance and reinsurance products in the property and casualty market.

AM Best Affirms Credit Ratings of Active Capital Reinsurance, Ltd.

Thursday, July 2, 2020 - 7:08pm

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Active Capital Reinsurance, Ltd. (AC Re) (Barbados).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Active Capital Reinsurance, Ltd. (AC Re) (Barbados).
  • The outlook for these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

American National Insurance Company Announces Completion of Holding Company Reorganization

Thursday, July 2, 2020 - 7:01pm

GALVESTON, Texas, July 02, 2020 (GLOBE NEWSWIRE) -- American National Insurance Company (ANICO) today announced that it has completed its previously announced holding company reorganization.

Key Points: 
  • GALVESTON, Texas, July 02, 2020 (GLOBE NEWSWIRE) -- American National Insurance Company (ANICO) today announced that it has completed its previously announced holding company reorganization.
  • Pursuant to such reorganization, American National Group, Inc. (NASDAQ: ANAT), a Delaware corporation (American National), is now the parent company of ANICO and has replaced it as the publicly held corporation.
  • American National Insurance Company, founded in 1905 and headquartered in Galveston, Texas, and other American National subsidiaries offer a broad portfolio of products and services, which include life insurance, annuities, property and casualty insurance, health insurance, credit insurance, and pension products.
  • Major insurance subsidiaries include American National Insurance Company, American National Life Insurance Company of Texas, American National Life Insurance Company of New York, American National Property and Casualty Company, Garden State Life Insurance Company, Standard Life and Accident Insurance Company, Farm Family Casualty Insurance Company and United Farm Family Insurance Company.

AM Best Affirms Credit Ratings of Horace Mann Educators Corporation and Its Subsidiaries

Thursday, July 2, 2020 - 4:10pm

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a of Horace Mann Life Insurance Company (Horace Mann Life).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a of Horace Mann Life Insurance Company (Horace Mann Life).
  • In addition, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICRs of a of the property/casualty (P/C) members of Horace Mann Insurance Group (Horace Mann).
  • Concurrently, AM Best has affirmed the Long-Term ICR of bbb of Horace Mann Educators Corporation (HMEC) [NYSE: HMN] and the Long-Term Issue Credit Rating of bbb on its $250 million, 4.5% senior unsecured notes, due 2025.
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .