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Applied Underwriters Premieres Entertainment & Sports Division Headed by Top Sector Leaders

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星期三, 七月 27, 2022

OMAHA, Neb., July 27, 2022 /PRNewswire/ -- Mr. Steve Menzies, Chairman, Applied Underwriters, today announced the formation of Applied Entertainment & Sports, a new division of the Company that will consolidate existing business and add substantial new business in an innovative and aggressively postured entertainment and sports unit headquartered in Los Angeles with a New York satellite office. The enterprise's debut follows several recent acquisitions and commercial business introductions that have marked Applied Underwriters' dramatic growth, according to Mr. Menzies, who noted: "We are on track with our plans and have been especially fortunate in accommodating the vision and blueprints of top talent attracted to move to Applied in their chosen specialty markets. Our new Entertainment & Sports leadership team offers real testimony to our openness to great ideas and thinkers, and to our approach for engaging expert talent."

Key Points:

According to Mr. Jamie Sahara, President, Applied Underwriters, the division will be led by two accomplished sector leaders with Mr. Jerid Schmickle serving as CEO.
Mr. Schmickle concluded that Applied Entertainment & Sports expects to introduce new programs and product availabilities over the next several quarters.
Applied Underwriters is a global risk services firm that helps businesses and people manage uncertainty through its business services, insurance and reinsurance solutions.
As a company, Applied Underwriters has been distinguished by its innovative approaches to client care and by its strong financial strength.

Core Specialty Announces Expansion of its Excess Casualty Division’s Product Liability Line

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星期一, 七月 18, 2022

Leadership, Product liability, AmTrust Bank, Solution, Knowledge, GLOBE, American Insurance Association, Division, Insurance, Company, AM Best, Senior, Product, Guy Harry, OH, E&S, Risk management, Core

CINCINNATI, July 18, 2022 (GLOBE NEWSWIRE) -- Core Specialty Insurance Holdings, Inc. and its subsidiaries (Core Specialty or the Company) announced today the expansion of its excess & surplus (E&S) primary Product Liability line with the addition of three underwriters.

Key Points:

CINCINNATI, July 18, 2022 (GLOBE NEWSWIRE) -- Core Specialty Insurance Holdings, Inc. and its subsidiaries (Core Specialty or the Company) announced today the expansion of its excess & surplus (E&S) primary Product Liability line with the addition of three underwriters.
Guy Harris AVP Underwriter, Jason Rockel Lead Underwriter, and Matt Madar Senior Underwriter have joined Core Specialty effective today.
The Product Liability line operates as a component of Core Specialtys existing Excess Casualty Division and was launched in December 2020 under the leadership of Van Spanos, Senior Vice President Product Liability, who is responsible for managing all facets of the Product Liability business, including direct oversight of the underwriting team dedicated to the E&S Product Liability market segment.
The Excess Casualty Division is based in Core Specialtys dedicated underwriting hubs across the U.S. and is headed by Division President Todd Dixon.

New MIT Sloan study discovers "widespread and repeated" retroactive changes to ESG scores

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星期二, 六月 28, 2022

Berg says, "The incredible growth of sustainable finance has created a billion-dollar market for ESG data.

Key Points:

Berg says, "The incredible growth of sustainable finance has created a billion-dollar market for ESG data.
The changes made in ESG scores at any particular time in history are massive."
However, their study revealed significant unannounced and unexplained changes to the data provided by Refinitive ESG , which was previously owned by Thomson Reuters.
While the score changes were mostly small in magnitude, the ongoing retroactive changes affected the classification of firms and the link between ESG scores and returns.

GuideOne Announces Bernard Hengesbaugh as Chief Executive Officer

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星期三, 六月 15, 2022

E&S, Industry, GuideOne Insurance, BOP, Insurance, Indian Medical Association, Director, CEO, American Medical Association, Wells Fargo, CNA Financial, Leadership, Board, CNA, GLOBE, Social responsibility, Management

West Des Moines, Iowa, June 15, 2022 (GLOBE NEWSWIRE) -- Bernard Hengesbaugh has been named chief executive officer (CEO) of GuideOne Insurance Company (GuideOne).

Key Points:

West Des Moines, Iowa, June 15, 2022 (GLOBE NEWSWIRE) -- Bernard Hengesbaugh has been named chief executive officer (CEO) of GuideOne Insurance Company (GuideOne).
The Board appreciates Andys dedication and leadership during a pivotal time for our company, said Lynn Horak, non-executive board chairman of GuideOne Board of Directors and former chief executive officer of Wells Fargo Bank Iowa.
Bernies expertise in leading a large insurance company and his longtime dedication as board member of GuideOne made him the perfect choice to become our next CEO.
Most recently, Bernie served as chief operating officer of the American Medical Association, where he oversaw operations and successfully managed national policy issues for the 300,000-member organization.

Coaction Global Modernizes Product Distribution with ClarionDoor

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星期四, 五月 19, 2022

API, COO, E&S, Policy, Insurance, Solution, P&C, United Kingdom, Product marketing, Marketing, Technology, Social facilitation, MGA, Growth, GLOBE, Risk management, Zywave

Developing and launching modern insurance products and solutions is a priority for Coaction, said Mike Sciole, COO for Coaction.

Key Points:

Developing and launching modern insurance products and solutions is a priority for Coaction, said Mike Sciole, COO for Coaction.
Partnering with ClarionDoor will allow Coaction to support future growth, streamline distribution, and elevate our service standards helping us deliver products to the market for a frictionless sales experience.
ClarionDoors product distribution solution equips insurance customers with a powerful product engine fronted by a remarkable underwriting interface that provides a real-time, seamless distribution experience.
Coaction Global, Inc. (Coaction), headquartered in Morristown, NJ, is the parent of Coaction Specialty Insurance Group, Inc. (Coaction Specialty), a specialty property and casualty (P&C) insurance holding company, providing a range of property and casualty solutions to customers across the United States through its insurance company subsidiaries.

Origami Risk Partners With Canopius USA for P&C Insurance Core Technology to Enhance Business Functionality and Drive Growth

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星期二, 五月 10, 2022

Origami Risk, the industry-leading risk, safety and insurance Software as a Service (SaaS) technology firm, today announced it is partnering with Canopius USA, a leading specialty (re)insurer.

Key Points:

Origami Risk, the industry-leading risk, safety and insurance Software as a Service (SaaS) technology firm, today announced it is partnering with Canopius USA, a leading specialty (re)insurer.
The agreement provides Canopius USA with access to Origamis multi-tenant platform for underwriting, billing, and claims administration.
Were delighted that Canopius USA has selected our versatile, true SaaS insurance technology solution for underwriting, billing and claims administration across both of their growing U.S. operations, said Chris Bennett, president, Core Solutions at Origami Risk.
As part of global specialty insurer Canopius Group, Canopius USA is comprised of Canopius US Insurance, Inc. (CUSI) and Canopius Underwriting Agency, Inc. (CUAI).

Christopher Lewis joins Zurich NA to lead new Excess & Surplus Lines business unit

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星期一, 五月 2, 2022

SCHAUMBURG, Ill., May 2, 2022 /PRNewswire/ -- Zurich North America CEO Kristof Terryn announced today that Christopher M. Lewis will join the organization, effective May 16, 2022, as Executive Vice President and Head of a new, standalone business unit dedicated to the Excess & Surplus (E&S) Lines market.

Key Points:

Drawing upon decades of experience in finance and insurance, Lewis will head Zurich NA's standalone E&S unit providing tailored solutions for customers with unique needs.
SCHAUMBURG, Ill., May 2, 2022 /PRNewswire/ -- Zurich North America CEO Kristof Terryn announced today that Christopher M. Lewis will join the organization, effective May 16, 2022, as Executive Vice President and Head of a new, standalone business unit dedicated to the Excess & Surplus (E&S) Lines market.
Lewis is a member of the American Finance Association, the American Economic Association and the American Risk and Insurance Association.
Zurich North America is part of Zurich Insurance Group (Zurich), a leading multi-line insurer serving more than 55 million customers both people and businesses in more than 210 countries and territories.

HawkSoft Welcomes ePayPolicy as First Referral Partner in Digital Payment Space

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星期一, 五月 2, 2022

E&S, Google Chrome, Insurance, Policy, ACH, Industry, Amazon, Solution, CEO, Technology, Digital, Online shopping

CANBY, Ore., May 2, 2022 /PRNewswire/ -- HawkSoft, the Oregon-based agency management system, forms Referral Partner relationships to highlight helpful companies and services that support independent insurance agencies. ePayPolicy has become the first digital payment provider to receive this distinction.

Key Points:

ePayPolicy has become the first digital payment provider to receive this distinction.
HawkSoft has worked directly with ePayPolicy to map its payment portals with HawkLink a Google Chrome extension that bridges data from the HawkSoft management system to web forms .
"With HawkSoft and ePayPolicy, you can combine a best-in-class management system and a payment solution that seamlessly integrate.
HawkSoft offers the following promise to insurance agents: your investment in HawkSoft will pay for itself in the first year.

CNERGENZ Berhad launches Prospectus for ACE Market IPO

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星期五, 四月 29, 2022

KUALA LUMPUR, Apr 29, 2022 - (ACN Newswire) - Cnergenz Berhad (CNERGENZ), an established electronics manufacturing solutions provider based in Penang, has launched the Company's Prospectus today for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities).

Key Points:

KUALA LUMPUR, Apr 29, 2022 - (ACN Newswire) - Cnergenz Berhad (CNERGENZ), an established electronics manufacturing solutions provider based in Penang, has launched the Company's Prospectus today for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities).
Mr. David Lim, Chief Executive Officer of UOB Kay Hian Securities (M) Sdn Bhd; Mr. Kong Chia Liang, Chief Operating Officer & Executive Director of CNERGENZ Berhad; Dato' Azman bin Mahmud, Independent Non-Executive Chairman of CNERGENZ Berhad; Mr. Lye Yhin Choy, Chief Executive Officer & Executive Director of CNERGENZ Berhad; Mr. Lye Thim Loong, Chief Corporate Officer & Executive Director of CNERGENZ Berhad [L-R]
Applications for the IPO have opened starting at 10.00 a.m. today following the Prospectus launch and will close on 11 May 2022.
The targeted IPO listing date of the Company on the ACE Market is on 24 May 2022.
At the IPO price of RM0.58 per share, CNERGENZ will have a market capitalisation of RM288.84 million ahead of its debut.

W. R. Berkley Corporation Reports First Quarter Results

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星期一, 四月 25, 2022

(3) Return on equity represents net income expressed on an annualized basis as a percentage of beginning of year common stockholders equity.

Key Points:

(3) Return on equity represents net income expressed on an annualized basis as a percentage of beginning of year common stockholders equity.
Record quarterly net investment gain of $366.3 million, mainly due to real estate investment sales.
The Company reported exceptional results for the first quarter of 2022, due to another quarter of record underwriting results and continued strong investment income, including significant realized gains from the sale of investments.
These risks and uncertainties could cause our actual results for the year 2022 and beyond to differ materially from those expressed in any forward-looking statement we make.