Posts by Hometown Insurance
Fidelis Insurance Holdings Sponsors New ‘Herbie Re’ Catastrophe Bond
Fidelis Insurance Holdings Ltd., the Bermuda insurance holding company, announced it has closed a new catastrophe bond via its “Herbie Re” program. This is the fifth series of notes issued by Herbie Re and will provide Fidelis Insurance Holdings (also …
Read More AM Best Upgrades Credit Ratings of United Frontier Mutual, New Member of Allegany
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of United Frontier Mutual Insurance Co., which is headquartered in Lockport, New York. At …
Read More Arbella Insurance Teams Up With Soccer’s New England Revolution
New England insurer Arbella Insurance Group has signed a partnership agreement with the New England Revolution soccer team for the 2024 and 2025 Major League Soccer seasons. As part of the sponsorship, Arbella is named the “Official Auto Insurance Sponsor” …
Read More People Moves: Everest Promotes 2 Senior Leaders in Reinsurance Division; CFC Hires 2 for New Specialist Team Focused on M&A Tax Risks
This edition of International People Moves details appointments at re/insurer Everest Group and the managing general agent CFC. A summary of these new hires follows here. Everest Promotes 2 Senior Leaders in Reinsurance Division Everest Group Ltd., the global property, …
Read More UnitedHealth Blamed ‘Nation-State’ Threat in Hack That Disrupted Pharmacy Orders
A cyberattack against a division of UnitedHealth Group Inc. has caused a nationwide outage of a computer network that’s used to transmit data between health-care providers and insurance companies, rendering some pharmacies unable to process prescriptions, according to the company …
Read More Specialist Fire Research Consultancy Halliwell Launches London Office
Halliwell Fire Research, the Auckland, New Zealand-based applied fire research consultancy, has expanded its international presence with the launch of a London office. The expansion follows the recent rebrand of Fire Research Group (FRG) to Halliwell Fire Research, which saw …
Read More Fitch: Homeowners Insurers’ Results to Improve In 2024
U.S. homeowners’ insurance is in position to improve in 2024, according Fitch Ratings. The rating agency said premium revenue growth, tied to recent substantial price increases and more diligent underwriting to manage risk concentrations and aggregations, points to improvement in …
Read More Houthis to Step Up Red Sea Strikes, Use ‘Submarine Weapons’, Leader Says
Yemen’s Iran-aligned Houthis claimed responsibility for an attack on a UK-owned cargo ship and a drone assault on an American destroyer on Thursday, and they targeted Israel’s port and resort city of Eilat with ballistic missiles and drones. The statement …
Read More A Decade After MH370, Planes Still at Risk of Vanishing Off the Map
“Good Night. Malaysian Three Seven Zero.” Those six words were the last radio transmission from the cockpit of Malaysia Airlines Flight 370, less than an hour after the aircraft took off late at night from Kuala Lumpur to Beijing on …
Read More Allianz Grows Wealth Bet With Stake in $68 Billion Money Manager AlTi
Allianz SE is making a strategic investment in money manager AlTi Global Inc. in an expansion of the insurance giant’s global holdings in wealth management. The German insurer’s venture arm, together with alternative asset management platform Constellation Wealth Capital, will …
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