E&S

Brown & Brown, Inc. announces senior leadership team appointments

Retrieved on: 
星期一, 四月 1, 2024
Arrowhead, E&S, Insurance, Brown & Brown, Growth, Management

DAYTONA BEACH, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the “Company”) has announced the appointment of David Putz and Niels Seebeck to the senior leadership team.

Key Points: 
  • DAYTONA BEACH, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the “Company”) has announced the appointment of David Putz and Niels Seebeck to the senior leadership team.
  • I am excited to welcome David and Niels to our senior leadership team.
  • Before joining Brown & Brown in 2019, Putz spent nearly 25 years at Zurich Insurance North America, where he was a member of the global leadership team, overseeing alternative markets, including crop, programs, automotive and captives businesses.
  • Niels joined the team in 2015 and is responsible for the growth and oversight of numerous programs, including portfolio management, underwriting and operations.

SageSure to Acquire GeoVera MGA, Including GeoVera’s Industry-Leading Underwriting Franchise in Residential Earthquake Risk

Retrieved on: 
星期二, 四月 9, 2024
Professional Services, Residential Building & Real Estate, Insurance, Commercial Building & Real Estate, Finance, Construction & Property, Ares Management, Partnership, Wind, E&S, Willkie Farr & Gallagher, MGA, Reinsurance

Upon the transaction’s completion, SageSure will assume the underwriting operations of GeoVera MGA’s best-in-class residential earthquake franchise.

Key Points: 
  • Upon the transaction’s completion, SageSure will assume the underwriting operations of GeoVera MGA’s best-in-class residential earthquake franchise.
  • With the addition of the GeoVera MGA’s deep earthquake expertise, the transaction will further enhance SageSure’s robust catastrophe risk underwriting capabilities and accelerate its entrance into new markets, including Oregon and Washington.
  • “We are excited to enter into an agreement that solidifies SageSure as one of the leading underwriters of catastrophe-exposed property risk in the US.
  • “We are proud to partner with SageSure on this innovative transaction,” said John Forney, President and CEO of GeoVera.

TRC Companies Ranked No. 8 in Environment Analyst's Top 100 Global Environmental and Sustainability Consultancy Firms

Retrieved on: 
星期三, 三月 27, 2024
E&S, ESG, Energy transition, TRC, Engineering

WINDSOR, Conn., March 27, 2024 /PRNewswire-PRWeb/ -- TRC Companies, Inc. (TRC), a global professional services firm providing integrated strategy, consulting, engineering and applied technologies in support of the Energy Transition, was ranked No. 8 in Environment Analyst's list of Top Environmental and Sustainability (E&S) Consulting Firms. TRC moved up 13 places on the list.

Key Points: 
  • The report identifies the world's largest environmental and sustainability firms in 2024.
  • WINDSOR, Conn., March 27, 2024 /PRNewswire-PRWeb/ -- TRC Companies, Inc. (TRC), a global professional services firm providing integrated strategy, consulting, engineering and applied technologies in support of the Energy Transition, was ranked No.
  • 8 in Environment Analyst's list of Top Environmental and Sustainability (E&S) Consulting Firms.
  • "Our ranking reflects TRC's commitment to helping our clients adapt to the challenges presented by a changing climate," said Christopher Vincze, Chairman and CEO of TRC.

Ryan Specialty Reports Fourth Quarter 2023 Results; Initiates Quarterly Dividend

Retrieved on: 
星期二, 二月 27, 2024
Insurance, Professional Services, Total, Compensation, E&S, Growth, GAAP, Bank statement, Travel, Pharmaceutical industry

Total revenue for the fourth quarter of 2023 was $532.9 million, an increase of 22.5% compared to $435.0 million in the prior-year period.

Key Points: 
  • Total revenue for the fourth quarter of 2023 was $532.9 million, an increase of 22.5% compared to $435.0 million in the prior-year period.
  • Total operating expenses for the fourth quarter of 2023 were $436.5 million, a 22.7% increase compared to the prior-year period.
  • Net income for the fourth quarter of 2023 increased 27.8% to $58.5 million, compared to $45.8 million in the prior-year period.
  • Adjusted EBITDAC grew 24.6% in the fourth quarter of 2023 to $158.6 million from $127.3 million in the prior-year period.

CLARA Analytics Secures Funding From Nationwide

Retrieved on: 
星期三, 二月 21, 2024
Professional Services, Data Analytics, Technology, Insurance, Software, Finance, Artificial Intelligence, Natural language processing, AI, Nationwide, E&S, Growth, Commercial, Human, CLARA, Venture round, NLP, Partnership

CLARA Analytics and Nationwide are deepening their current partnership.

Key Points: 
  • CLARA Analytics and Nationwide are deepening their current partnership.
  • CLARA has received an investment from Nationwide Ventures , the investment arm of the insurance and financial services company.
  • “The Nationwide investment is a huge vote of confidence from a leading voice in the industry,” said Heather H. Wilson , CEO of CLARA Analytics.
  • “ Since partnering together in 2022 , Nationwide has seen the very substantial benefits that this technology can offer,” said George Williams, Chief Operating Officer of Commercial, E&S and Specialty at Nationwide.

PURE Programs Introduces New Solution for High Value Homes Under Construction or Renovation

Retrieved on: 
星期二, 二月 27, 2024
ISO, Weather, Par value, E&S, Workplace, Common, Risk, Policy, Family, Excess, PURE, Depreciation, Insurance

WHITE PLAINS, N.Y., Feb. 27, 2024 /PRNewswire/ -- PURE Programs, LLC , the managing general underwriter dedicated to providing Excess & Surplus (E&S) solutions for PURE members and other responsible, high net worth families, has introduced a new program for high value homes under construction or renovation.

Key Points: 
  • WHITE PLAINS, N.Y., Feb. 27, 2024 /PRNewswire/ -- PURE Programs, LLC , the managing general underwriter dedicated to providing Excess & Surplus (E&S) solutions for PURE members and other responsible, high net worth families, has introduced a new program for high value homes under construction or renovation.
  • "A Resilient Home Advisor will also collaborate with homeowners and builders to ensure homes are well-protected during and after construction."
  • Common challenges that this program addresses:
    Luxury high value construction and renovation projects that do not qualify for comparable coverage with an admitted insurer.
  • If a non-admitted solution is required due to the home's risk characteristics, PURE Programs will seek to create a solution.

Digital Wholesaler Pathpoint Adds Small Manufacturers, Home-based Businesses

Retrieved on: 
星期二, 二月 20, 2024
Online, E&S, Clothing, General contractor, Shoe, Cosmetics, Drink, Food, Policy

WASHINGTON, Feb. 20, 2024 /PRNewswire-PRWeb/ -- Pathpoint, the digital, modern wholesaler where insurance agents can get bindable small commercial E&S quotes in minutes, announces the addition of its new small commercial manufacturing vertical. The coverage appetite for this new vertical includes many home-based businesses, which account for approximately 52% of all U.S. small businesses.

Key Points: 
  • Pathpoint, the digital, modern wholesaler where insurance agents can get bindable small commercial E&S quotes in minutes, announces the addition of its new small commercial manufacturing vertical.
  • The coverage appetite for this new vertical includes many home-based businesses, which account for approximately 52% of all U.S. small businesses.
  • WASHINGTON, Feb. 20, 2024 /PRNewswire-PRWeb/ -- Pathpoint, the digital, modern wholesaler where insurance agents can get bindable small commercial E&S quotes in minutes, announces the addition of its new small commercial manufacturing vertical.
  • The coverage appetite for this new vertical includes many home-based businesses, which account for approximately 52% of all U.S. small businesses.

Pathpoint, AgentSync Unite for Superior Client Experience

Retrieved on: 
星期二, 一月 30, 2024
Entrepreneurship, Partnership, Friction, E&S, Autopilot, Policy, Audit

DENVER, Jan. 30, 2024 /PRNewswire/ -- Pathpoint and AgentSync have partnered to deliver a better agent and client experience by accelerating Pathpoint's average time-to-bind with automated policy infrastructure.

Key Points: 
  • DENVER, Jan. 30, 2024 /PRNewswire/ -- Pathpoint and AgentSync have partnered to deliver a better agent and client experience by accelerating Pathpoint's average time-to-bind with automated policy infrastructure.
  • They found it in AgentSync, a company focused on building modern insurance infrastructure that connects carriers, agencies, and agents.
  • With a speedy time-to-bind, the team can improve the experience for clients, underwriters, and agents alike while improving the accuracy of operations and compliance.
  • "This partnership is another important step in providing the industry's critical players and consumers with an elevated experience," said Niji Sabharwal, AgentSync CEO and Co-Founder.

Hamilton Appoints Jamie Secor as Chief Underwriting Officer of US E&S Insurer Hamilton Select

Retrieved on: 
星期四, 一月 18, 2024
Insurance, Professional Services, Associate, Multimedia, Registered, HG, E&S, Registered professional liability underwriter, Commercial property

Hamilton Insurance Group, Ltd. (NYSE: HG; “Hamilton”; “the Company”) today announced the appointment of Jamie Secor as Chief Underwriting Officer at Hamilton Select, its US excess and surplus (E&S) lines insurer with a Financial Strength Rating of A- (Excellent) from A.M. Best Company, Inc.

Key Points: 
  • Hamilton Insurance Group, Ltd. (NYSE: HG; “Hamilton”; “the Company”) today announced the appointment of Jamie Secor as Chief Underwriting Officer at Hamilton Select, its US excess and surplus (E&S) lines insurer with a Financial Strength Rating of A- (Excellent) from A.M. Best Company, Inc.
  • View the full release here: https://www.businesswire.com/news/home/20240118207279/en/
    Secor reports to Hamilton Select Chief Executive Officer Anita Kuchma, and Hamilton Select is based in Hamilton’s US headquarters in Richmond, Virginia.
  • “Since joining Hamilton in 2021, Jamie's know-how and expertise have proven instrumental in building Hamilton Select.
  • I look forward to working with her even more closely as our key E&S underwriting platform continues to thrive.”
    Secor commented: “I’m exceptionally excited to step into the Chief Underwriting Officer role at Hamilton Select.

Zimmer Financial Services Group Announces Sale of Carrick Specialty Holdings

Retrieved on: 
星期一, 一月 8, 2024
Professional Services, Insurance, Finance, E&S, Sale, LP

Zimmer Financial Services Group (Zimmer), whose businesses include insurance and investment management, today announced the sale of its specialty legacy insurance provider, Carrick Specialty Holdings .

Key Points: 
  • Zimmer Financial Services Group (Zimmer), whose businesses include insurance and investment management, today announced the sale of its specialty legacy insurance provider, Carrick Specialty Holdings .
  • Founded by Zimmer in 2019, Carrick quickly grew operations in the United States, United Kingdom, and Bermuda, establishing a strong record of deals in the legacy market.
  • Stuart J. Zimmer, Chairman and CEO of Zimmer Financial Services Group, commented, “The sale of Carrick represents another successful Zimmer investment in the insurance industry.
  • In addition to Ategrity Specialty Insurance Company , its excess and surplus (E&S) market insurer, its holdings include Iron Title Insurance Agency ; Bermuda-based Sequentis Reinsurance; and Zimmer Partners, LP, a research-driven, multibillion dollar investment adviser.