Philadelphia Managing Director's Office

Yeske Buie Promotes Next Generation Partners to C-Level Positions

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星期三, 十一月 15, 2023
Longevity, Family, Philadelphia Managing Director's Office, SAN, Multimedia, Creativity, Management

SAN FRANCISCO, Nov. 15, 2023 /PRNewswire/ -- Yeske Buie, one of the most respected and influential financial planning firms in the country, has announced the promotion of its next generation partners and owners to C-level positions.

Key Points: 
  • SAN FRANCISCO, Nov. 15, 2023 /PRNewswire/ -- Yeske Buie, one of the most respected and influential financial planning firms in the country, has announced the promotion of its next generation partners and owners to C-level positions.
  • They each became partners and part-owners of the firm in 2019 .
  • Yeske Buie CEO, Elissa Buie, CFP®, sent the following message to the firm's Clients sharing the announcement:
    Since its inception, Yeske Buie's sole focus has been to serve its Clients – not just 'for now' but from now on.
  • Each of them has over ten years of experience working with Yeske Buie's Clients, and has earned their title because of the competence, commitment, creativity, integrity, and resilience they've demonstrated in serving you the Yeske Buie way throughout their careers.

Distinguished Programs Strengthens Portfolio with Launch of Executive Lines Business

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星期二, 八月 29, 2023
Insurance, EPL, D&O, Philadelphia Managing Director's Office, CUO, Organization, Inland marine insurance, Philosophy, Employment practices liability, Restaurant, Biophysical environment, Financial services, Management, Distinguishing, D

NEW YORK, Aug. 29, 2023 /PRNewswire/ -- Distinguished Programs ("Distinguished"), a leading national insurance program manager, has announced the addition of an Executive Lines business, led by Ryan Becker.

Key Points: 
  • NEW YORK, Aug. 29, 2023 /PRNewswire/ -- Distinguished Programs ("Distinguished"), a leading national insurance program manager, has announced the addition of an Executive Lines business, led by Ryan Becker.
  • "We are thrilled to introduce the Distinguished Executive Lines business," says Steve Sitterly, COO and CUO of Distinguished Programs.
  • "We enter this business aware of the evolving executive lines market conditions, especially in D&O ," adds Sitterly.
  • "It is a privilege to spearhead the Executive Lines business with Distinguished," says Ryan Becker, President of Distinguished Executive Lines.

New Data Reveals Shifting Insurance Priorities, Pressures as Startups Extend Financial Runway During Fiscally Tumultuous 2022

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星期二, 五月 2, 2023
Insurance, Professional Services, D&O, Policy, Employment, Tech, Philadelphia Managing Director's Office, Error, Depression, Cyber, Report, Employment practices liability, Investment, Risk, Growth, Environment, Liability insurance, Cryptocurrency, D

While E&O/Cyber premiums grew as well, overall investments in these policies stabilized compared to the frenzied uptick in cyber policy protections in 2021.

Key Points: 
  • While E&O/Cyber premiums grew as well, overall investments in these policies stabilized compared to the frenzied uptick in cyber policy protections in 2021.
  • “Last year challenged startups in unique ways, forcing them to recalibrate their risk tolerance to extend their runway,” said Ben Jennings, Chief Revenue Officer (CRO) of Embroker.
  • “In 2022, strong economic headwinds led founders to be more selective and conservative in their insurance protections.
  • EPLI had the highest year-over-year premium change from 2021 to 2022, with a 31% increase in average premiums.

Rockwood Offers Management/Professional Liability Insurance Solution for Financial Institutions

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星期五, 四月 28, 2023
Interest, Insurance, Financial institution, Risk management, Financial Institutions Division, CPCU, Employment practices liability, Philadelphia Managing Director's Office, Rockwood

CLAYMONT, Del., April 28, 2023 /PRNewswire-PRWeb/ -- Rockwood Programs has developed a portfolio of management and professional liability insurance products customized to address the unique liability exposures faced by Financial Institutions. Entities that are the subject of regulatory enforcement decisions/orders are eligible for the coverage. The solution is being offered under the Bankers Defender brand name.

Key Points: 
  • Rockwood Programs has developed "Bankers Defender" management and professional liability insurance customized to address the unique liability exposures faced by Financial Institutions.
  • CLAYMONT, Del., April 28, 2023 /PRNewswire-PRWeb/ -- Rockwood Programs has developed a portfolio of management and professional liability insurance products customized to address the unique liability exposures faced by Financial Institutions.
  • We can provide a wide array of management and Professional liability products, including Directors& Officers, Errors & Omissions, Employment Practices, Lender Liability, and more.
  • Bankers Defender offers liability limits of up to $5,000,000 on all lines except Employment Practices ($2,000,000 maximum).

Eagle Bancorp, Inc. Announces Net Income for First Quarter 2023 of $24.2 Million or $0.78 per Diluted Share

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星期三, 四月 19, 2023
Borrowing base, Insurance, Advertising, Executive, FHLB, HTM, Current Expected Credit Losses, AFS, Sale, Philadelphia Managing Director's Office, Federal funds, United States Treasury security, Investment, Risk, Buffer, Corporation, Growth, Bank, CRE, C&I, Common, Real estate, Video game, Pharmaceutical industry, Coal, Holding company, Livestock

Noninterest income was $3.7 million for the first quarter 2023, as compared to $5.3 million for the prior quarter and $7.5 million for the year-ago quarter.

Key Points: 
  • Noninterest income was $3.7 million for the first quarter 2023, as compared to $5.3 million for the prior quarter and $7.5 million for the year-ago quarter.
  • Noninterest expense was $40.6 million for the first quarter 2023 compared to $38.9 million for the prior quarter and $31.0 million for the year-ago quarter.
  • The notable changes from the prior quarter were as follows:
    Salaries and employee benefits were $24.2 million, up $483 thousand from the prior quarter.
  • Efficiency ratio6 was 51.6% for the first quarter 2023 compared to 42.8% for the prior quarter and 35.3% for the year-ago quarter.

Embroker Launches ONE by Embroker to Simplify Business Insurance for Startup Founders

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星期四, 一月 19, 2023
Software, Insurance, Artificial Intelligence, Data Management, Professional Services, Technology, Security, Business, AI, Risk management, Organization, Employment practices liability, Philadelphia Managing Director's Office, ONE

Embroker , the digital platform making it radically simple to get business insurance, today introduced ONE by Embroker — a universal application that utilizes AI and machine-learning technologies to generate business insurance products tailored to specific industry needs.

Key Points: 
  • Embroker , the digital platform making it radically simple to get business insurance, today introduced ONE by Embroker — a universal application that utilizes AI and machine-learning technologies to generate business insurance products tailored to specific industry needs.
  • ONE by Embroker generates up to four quotes specific to the exact coverage individual businesses need.
  • Business owners are looking for a single-destination solution for their insurance needs so they can spend less time hunting for answers and more time running their business.
  • Through the ONE by Embroker platform, Embroker is changing the way businesses learn about, shop for, and purchase their coverage.

VOUCH LAUNCHES WEB3 INSURANCE FOR WEB3 COMPANIES

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星期三, 十二月 14, 2022
Mistake, NPN, Redpoint Ventures, Policy, Y Combinator, Strategic management, Silicon Valley Bank, Vouch by Reference, Insurance, Fraud, Entrepreneurship, Privacy, Philadelphia Managing Director's Office, Labs, Risk management, D, Climate, Non-fungible token, Tactic, Growth, Daos, Hacking, Silicon, SAN, DAO, Risk, Life insurance, Cryptocurrency

SAN FRANCISCO, Dec. 14, 2022 /PRNewswire/ -- Vouch , the Insurance of Tech, is live with the first insurance solution designed for Web3 companies.

Key Points: 
  • SAN FRANCISCO, Dec. 14, 2022 /PRNewswire/ -- Vouch , the Insurance of Tech, is live with the first insurance solution designed for Web3 companies.
  • To date, Web3 companies have had no option but to settle for insurance that didn't address their unique needs and risks, or go without insurance at all, limiting their growth.
  • As 'The Insurance of Tech', Vouch believes it's their responsibility to deliver effective and affordable insurance solutions to innovators in emerging categories.
  • Vouch Insurance Services, LLC (NPN # 19039391) and Vouch Specialty Insurance Services, LLC (NPN # 19926463) are licensed in the states in which they conduct business.

Counterpart Adds Miscellaneous Professional Product to Management Liability Insurance Offerings through Aspen Partnership

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星期四, 十二月 1, 2022
Software, Restaurant, Bar, Professional Services, Technology, Small Business, Food, Beverage, Retail, Other Professional Services, Legal, Insurance, Human Resources, Other Technology, Consulting, Cannon Trading Company, Inc., United Kingdom, Small business, Error, Insurance, Partnership, Electronic Miscellaneous Document, Policy, Face, Lawyer, Crime, Philadelphia Managing Director's Office, MPL, Failure, Employment practices liability, Consultant, Aspen, Financial services, Counterpart, Markel Corporation

Counterpart today announced the addition of Miscellaneous Professional Liability (MPL) insurance to its existing suite of management liability products and services available to small businesses through Counterparts wholesale broker partners.

Key Points: 
  • Counterpart today announced the addition of Miscellaneous Professional Liability (MPL) insurance to its existing suite of management liability products and services available to small businesses through Counterparts wholesale broker partners.
  • More than 40% of service professionals will experience customers alleging non-performance of products and services, according to a 2020 Professional Liability Risk Report.Despite rising litigation costs, however, 20% of professional service providers dont have MPL insurance.
  • Counterpart leverages sophisticated technology and data science to provide small businesses with custom and affordable management and professional liability solutions.
  • Learn more about Counterparts Directors & Officers, Employment Practices, Fiduciary, Crime, and Miscellaneous Professional Liability insurance products which are backed by Markel (A.M. Best A Rating*) and Aspen Insurance (A.M. Best A Rating*) at www.yourcounterpart.com .

Cognition Therapeutics Reports Third Quarter 2022 Financial Results and Provides Business Update

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星期一, 十一月 14, 2022
National Institute on Aging, DLB, Philadelphia Managing Director's Office, SHIMMER, Retina, Degenerative disease, Securities & Exchange Commission of Pakistan, Dementia, Risk, Therapy, Cognition, NIA, AAIC, Private law, Biomarker, Supplement, Inflammation, Intellectual property, Vance DeGeneres, Czech Republic, Central nervous system, Neuron, COVID-19, Research, SHINE, Lewy body, Pharmaceutical industry, Lease, SEQUEL

PURCHASE, N.Y., Nov. 14, 2022 (GLOBE NEWSWIRE) --  Cognition Therapeutics, Inc. (Nasdaq: CGTX), (the “Company” or “Cognition”) today reported financial results for the third quarter ended September 30, 2022 and provided an update on the company’s business and clinical development progress.

Key Points: 
  • PURCHASE, N.Y., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Cognition Therapeutics, Inc. (Nasdaq: CGTX), (the Company or Cognition) today reported financial results for the third quarter ended September 30, 2022 and provided an update on the companys business and clinical development progress.
  • The increase for 2022 was primarily attributable to an increased phase 2 trial activity, personnel costs, and preclinical program expenses.
  • General and administrative expenses for the third quarter ended September 30, 2022 were $4.4 million compared to $1.6 million in 2021.
  • Net loss attributable to common stockholders for the third quarter ended September 30, 2022, was $6.6 million or $0.29 per share.

AXA XL builds up regional D&O underwriting teams; announces regional leader promotions

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星期四, 十一月 17, 2022
Philadelphia Managing Director's Office, Insurance, Risk management, Central Indo-Aryan languages, Professional liability insurance, AXA, Multimedia, Axa XL, Attention, XL, Risk, D&O, Reinsurance

HARTFORD, Conn., Nov. 17, 2022 /PRNewswire/ -- AXA XL Insurance's Professional Liability team has built out its regional underwriting management structure, promoting five to Region Leader positions.

Key Points: 
  • HARTFORD, Conn., Nov. 17, 2022 /PRNewswire/ -- AXA XL Insurance's Professional Liability team has built out its regional underwriting management structure, promoting five to Region Leader positions.
  • Mr. Giacco added: "These Regional Leader promotions are well earned.
  • AXA XL's enhanced Directors & Officers regional teams now include:
    Rob Martin, joining Greg McCoy and Jason Hawkins to managing Professional Liability business in the AXA XL's East Zone, the business' largest zone.
  • Katie Konfala and Cara Hardacker teaming up with Ed Perry to lead growth of AXA XL's regional book of business in its West Zone.