E&S

Communications Systems, Inc. Reports Third Quarter 2021 Financial Results

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星期一, 十一月 15, 2021
Telecommunications, Other Energy, Networks, Internet, Alternative Energy, Energy, Data Management, Technology, Form, CVR Partners, AND, Private Securities Litigation Reform Act, Person, AS, Reading, Prospectus, Health, Security (finance), Time-invariant system, General Services Support Estimate, Contingent value rights, SEC filing, IOT, Income, Growth, Filtered-popping recursive transition network, Securities Act of 1933, THE, Annual report, LLC, Sale, Acquisition, Section 10 of the Canadian Charter of Rights and Freedoms, Company, U.S. Securities and Exchange Commission, CSI, SD, SEC, E&S, ANY, Super Mario, Communication, Uncertainty, Risk, Support, Intellectual property, Adani Transmission, Video game, Holding company, Bookkeeping, Retail, Bank, Cargo

Services & Support sales decreased 45% to $1,947,000 in the third quarter of 2021 compared to $3,530,000 in the third quarter of 2020.

Key Points: 
  • Services & Support sales decreased 45% to $1,947,000 in the third quarter of 2021 compared to $3,530,000 in the third quarter of 2020.
  • Overall, Ecessa contributed $565,000 in revenue during the quarter, an increase of $30,000 over the third quarter of the prior year.
  • Gross margin increased to 42.8% in the third quarter of 2021 compared to 38.0% in the third quarter of 2020 due to the increase in services & support revenue, which has higher margins.
  • Further, investors should keep in mind that the Companys financial results in any period may not be indicative of future results.

AXIS Insurance Grows E&S Property Team With Senior Underwriting Hires

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星期四, 十一月 11, 2021
Consulting, Professional Services, Insurance, Finance, AXS, AXIS Capital, Allianz Global Investors, Insurance, Senior, AXIS, Axis & Allies: World War I 1914, Vice, McIntyre, E&S, Excellent, S&P Global Ratings, NYSE, Assistant, Reinsurance, Management

AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS), today announced the appointment of two senior underwriters to its US Excess and Surplus (E&S) Property team, effective immediately.

Key Points: 
  • AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS), today announced the appointment of two senior underwriters to its US Excess and Surplus (E&S) Property team, effective immediately.
  • Chelsea McIntyre and Nicholas Crowder join as Vice Presidents and will develop and build the AXIS E&S Property book in the West Coast and Chicago regions, respectively.
  • Michael Carr, Head of E&S Property for AXIS Insurance, said, Chelsea and Nicholas each bring proven technical underwriting skills and an established ability to cultivate mutually beneficial broker relationships.
  • She is based in San Francisco and will report to Michael Worman, Senior Vice President, E&S Property.

Venbrook Group Acquires Alpharetta Underwriters

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星期三, 十一月 10, 2021
General agent, Industry, MGA, CEO, Transport, Insurance, Growth, LLC, Acquisition, Construction, Solution, Comstar wheel, E&S, Excess, Financial services, Risk management

LOS ANGELES, Nov. 10, 2021 /PRNewswire/ -- Venbrook Group, LLC ("Venbrook") , one of the largest independent insurance distribution and services firms in the U.S., today announced the acquisition of Alpharetta Underwriters, LLC ("Alpharetta") , a specialty Managing General Agent (MGA) providing tailored Excess & Surplus (E&S) solutions to the construction industry.

Key Points: 
  • LOS ANGELES, Nov. 10, 2021 /PRNewswire/ -- Venbrook Group, LLC ("Venbrook") , one of the largest independent insurance distribution and services firms in the U.S., today announced the acquisition of Alpharetta Underwriters, LLC ("Alpharetta") , a specialty Managing General Agent (MGA) providing tailored Excess & Surplus (E&S) solutions to the construction industry.
  • "We're thrilled to join Jason and the outstanding team at Venbrook," said Peter Bishop, President and CEO of Alpharetta.
  • "Peter and the Alpharetta team have established a truly exceptional franchise in just a few years since the company's exception," said Jason Turner, Venbrook founder and CEO.
  • Venbrook Group, LLC is a holdings company with subsidiaries engaged in retail broking, wholesale broking, programs, and claims services.

Pathpoint to Auto-generate ACORD Forms for Agents, Streamlining the Insurance Binding Process

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星期一, 十一月 1, 2021
ACORD, Time, Lloyd, E&S, Lloyd's of London, Insurance, Technology, SAN, Cyber, CEO

SAN FRANCISCO, Nov. 1, 2021 /PRNewswire/ -- Pathpoint, the insurance industry's first self-service E&S technology platform, announced today the launch of a new feature that automatically generates pre-filled ACORD forms, saving agents significant time and streamlining the quoting process for customers.

Key Points: 
  • SAN FRANCISCO, Nov. 1, 2021 /PRNewswire/ -- Pathpoint, the insurance industry's first self-service E&S technology platform, announced today the launch of a new feature that automatically generates pre-filled ACORD forms, saving agents significant time and streamlining the quoting process for customers.
  • Some carriers that bind via Pathpoint require signed ACORD forms as a compliance measure to complete the transaction, and filling those out can be time-consuming.
  • When agents submit accounts to Pathpoint, they automatically receive the ACORD forms pre-filled with the information they've already entered.
  • When agents quote on Pathpoint, it makes a lot of sense to clean up the binding and issuance process with our markets by using that information to generate ACORD forms automatically."

James River Provides Preliminary Information on Third Quarter Results

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星期二, 十月 26, 2021
Transfer, Gross premiums written, Growth, Risk management, Failure, Public Law 110-343, GAAP, LPT, Insurance, Private Securities Litigation Reform Act, NASDAQ, U.S. Securities and Exchange Commission, SEC, Government, Risk, Income, Tax, Annual report, Forward-looking statement, Company, PFIC, Investment, The Company, COVID-19, Lists of disasters, Acquisition, E&S, Sarbanes–Oxley Act, Excess, GLOBE, Sale, Hurricane Ida, Reinsurance

PEMBROKE, Bermuda, Oct. 26, 2021 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (the "Company") (NASDAQ: JRVR) today announced preliminary financial results in advance of its full quarterly earnings to be released on November 2, 2021.

Key Points: 
  • PEMBROKE, Bermuda, Oct. 26, 2021 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (the "Company") (NASDAQ: JRVR) today announced preliminary financial results in advance of its full quarterly earnings to be released on November 2, 2021.
  • Growth in the E&S segment Gross Written Premium was approximately 20% as compared to the prior year quarter, and approximately 10% across the Company.
  • In presenting James River Group Holdings, Ltd.s results, management has included financial measures that are not calculated under standards or rules that comprise accounting principles generally accepted in the United States (GAAP).
  • Our net loss for the quarter ended September 30, 2021 reconciles to our adjusted net operating loss as follows (in thousands):

E&S Grounding Solutions Selects Augmentir to Further Innovate its Best-in-Class Electrical Grounding Services with the Latest in Connected Worker Technology

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星期二, 十月 19, 2021
Growth, E&S, Multimedia, E, Entrepreneurship, CEO, Workforce, Solution, National Industrial Training Service of the State of Rio de Janeiro, Industry, Engineering, Partnership, COO, AR, Soil, Safety, Online shopping, Risk management, Medical device

With nearly 20 years of dedicated grounding installations across the USA and international sites, plus numerous electrical engineering books published, E&S Grounding Solutions specializes in providing best-in-class electrical grounding services and live online training on an international scale. The company offers innovative grounding solutions -- a critical safety feature for all electrical installations, including industrial, utility, and generating plant applications.

Key Points: 
  • With nearly 20 years of dedicated grounding installations across the USA and international sites, plus numerous electrical engineering books published, E&S Grounding Solutions specializes in providing best-in-class electrical grounding services and live online training on an international scale.
  • The company offers innovative grounding solutions -- a critical safety feature for all electrical installations, including industrial, utility, and generating plant applications.
  • By utilizing leading industry computer modeling software, E&S provides highly sophisticated grounding design solutions that reduce costs and provide timely accurate solutions for its clients.
  • "Augmentir with its innovative connected worker technology allows us to improve the accuracy and guidance we are providing to our field technicians.

Richmond National Group, Inc. Launches New U.S. Excess and Surplus Lines Insurance Company

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星期五, 十月 15, 2021
Berkshire Hathaway, Commercial property, Technology, Industry, Environment, Professional liability insurance, Director, Growth, Richmond National Battlefield Park, Pilot Corporation, Insurance, Chief compliance officer, HF, Risk management, GLOBE, Investment, Â, Company, E&S, General Casualty Insurance, AM Best, Partnership, Reinsurance, Management, Financial services

RICHMOND, Va., Oct. 15, 2021 (GLOBE NEWSWIRE) -- Richmond National Group, Inc. (Richmond National) today announced the formation of Richmond National Insurance Company (RNIC), a specialty excess and surplus lines insurance company.

Key Points: 
  • RICHMOND, Va., Oct. 15, 2021 (GLOBE NEWSWIRE) -- Richmond National Group, Inc. (Richmond National) today announced the formation of Richmond National Insurance Company (RNIC), a specialty excess and surplus lines insurance company.
  • It is a unique time for starting a new excess and surplus lines insurance company, and Richmond, given its deep pool of entrepreneurial insurance talent, was the natural place to locate our company, said Kavanagh.
  • Richmond National Group, Inc. is the holding company for Richmond National Insurance Company, a specialty excess and surplus lines insurance company serving select wholesale brokers across the country.
  • Richmond National Insurance Company is rated A- (Excellent) by A.M. Best Company.

NSM Insurance Group Celebrates 2021 Rising Star Winners

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星期三, 十月 13, 2021
Davis, Mentorship, History, Program, Industry, Solution, Sport, Insurance, Commercial property, Growth, Rising Star, PETS, Ageing, Risk management, Founder, AU, NSM, ATP, Commercial, CEO, E&S, Real estate, AIS

CONSHOHOCKEN, Pa., Oct. 13, 2021 /PRNewswire/ -- NSM Insurance Group , the nation's leading specialty insurance provider, today announced that Jim Kilgallen, Kyle McClellan and Davis Howley have been named 2021 Rising Stars by Insurance Business America.

Key Points: 
  • CONSHOHOCKEN, Pa., Oct. 13, 2021 /PRNewswire/ -- NSM Insurance Group , the nation's leading specialty insurance provider, today announced that Jim Kilgallen, Kyle McClellan and Davis Howley have been named 2021 Rising Stars by Insurance Business America.
  • Jim Kilgallenis a senior program underwriter for ATP Insurance , NSM'S specialty insurance program focused exclusively on the behavioral healthcare market.
  • Kyle McClellanis a risk management advisor and insurance broker for NSM's retail brokerage firm, NSM Insurance Brokers , one of the nation's leading insurance brokerages, offering a full suite of advisory services for specialty industries.
  • NSM Insurance Group is the nation's leading specialty insurance provider, exclusively focused on building successful insurance programs.

GuideOne Insurance Appoints Carol Sanders to Board of Directors

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星期一, 十月 11, 2021
Alliant Energy, Business administration, University of Wisconsin–Oshkosh, Social responsibility, GLOBE, GuideOne Insurance, Certified Public Accountant, Industry, E&S, Certified Financial Planner, Board, Securities & Exchange Commission of Pakistan, University, Security (finance), Certified Management Accountant, U.S. Securities and Exchange Commission, Bachelor of Business Administration, BOP, Insurance, Management

West Des Moines, Iowa, Oct. 11, 2021 (GLOBE NEWSWIRE) -- GuideOne Insurance announced the election of Carol Sanders, former chief financial officer, Sentry Insurance Company, to the Boards of GuideOne Mutual Holding Company and GuideOne Insurance Group, Inc., effective September 24, 2021.

Key Points: 
  • West Des Moines, Iowa, Oct. 11, 2021 (GLOBE NEWSWIRE) -- GuideOne Insurance announced the election of Carol Sanders, former chief financial officer, Sentry Insurance Company, to the Boards of GuideOne Mutual Holding Company and GuideOne Insurance Group, Inc., effective September 24, 2021.
  • Previously, Sanders served as executive vice president, chief financial officer and treasurer at Sentry Insurance Company.
  • She also served as executive vice president, chief financial officer, treasurer and chief operating officer at Jewelers Mutual Insurance Company.
  • GuideOne President & Chief Executive Officer, Jessica Snyder, said, We are proud to welcome Carol to the GuideOne Board of Directors.

Cowbell Cyber Accelerates Momentum with Rapid Growth in Customers, Distribution Network and Loss Prevention

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星期三, 十月 6, 2021
Insurance, Policy, Partnership, Cowbell Digital Music, E&S, Cowbell, NASDAQ, AM Best, SME, AI, MSSP, API, CEO, Program, Growth, Broker, Risk management, Risk, Technology, MOO, Council, District, Introduction, Industry, Weapon, Medical device

PLEASANTON, Calif., Oct. 6, 2021 /PRNewswire/ -- Cowbell Cyber , the industry's first AI-powered cyber insurance provider for small to medium enterprises (SMEs), continues its exceptional growth and rapid success.

Key Points: 
  • PLEASANTON, Calif., Oct. 6, 2021 /PRNewswire/ -- Cowbell Cyber , the industry's first AI-powered cyber insurance provider for small to medium enterprises (SMEs), continues its exceptional growth and rapid success.
  • Cowbell Cyber aims to meet this demand, delivering Cowbell Prime 250 and Cowbell Prime Plus Cowbell's primary and excess insurance offerings through its distribution network.
  • Agencies can visit https://cowbell.insure/for-agencies/ to get appointed with Cowbell Cyber and learn more about all available standalone cyber insurance programs.
  • Cowbell Cyber provides standalone, admitted individualized, and easy-to-understand cyber insurance for small and mid-size enterprises.