GRAND CAYMAN, Cayman Islands, June 02, 2017 (GLOBE NEWSWIRE) — Greenlight Capital Re, Ltd. (NASDAQ:GLRE) (“GLRE” or the “Company”), a specialist property and casualty reinsurance company headquartered in the Cayman Islands, today announced it has hired Simon Burton to become its new Chief Executive Officer, effective July 1, 2017. Mr. Burton will succeed Leonard Goldberg, who will step down as …

TAMPA, Fla., June 01, 2017 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI) recently disclosed in reports to the Securities and Exchange Commission that its wholly owned subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., which is a Florida based provider of homeowners insurance, has completed placement of its reinsurance program for the 2017-18 reinsurance year, which runs from June …

Saad Mered, Group Chief Claims Officer at Zurich, lays out key concerns of risk managers today including the emergence of liability internationally, the frequency of claims, and the unexpected impact of “lone wolf terror” attacks. Mr. Mered sees the rapid evolution of liability frameworks in many countries as surprising to risk managers and carriers alike. The trend is emerging even …

FORT LAUDERDALE, Fla., May 31, 2017 (GLOBE NEWSWIRE) — Patriot Technology Solutions, LLC (“Patriot Technology”), a subsidiary of Patriot National, Inc. (NYSE:PN), has been named one of the 20 Most Promising Insurance Technology Solution Providers for 2017 as selected by the editors of CIOReview Magazine. CIOReview chose Patriot Technology based on its customer-driven insurance solutions, insurance suite, and professional consulting …

MARIETTA, Pa., May 31, 2017 (GLOBE NEWSWIRE) — Donegal Group Inc. (NASDAQ:DGICA) (NASDAQ:DGICB) announced that the Company plans to hold a live webcast on Wednesday, July 19, 2017, at 11:00AM Eastern Time, to discuss its results for the second quarter ended June 30, 2017.  The Company will release its quarterly results on this same date, prior to the opening of …

In accordance with the rules on financial transparency*, Schroders plc has notified Ageas on 30 May 2017 that, on 23 May 2017, its interest has exceeded the legal threshold of 5% of the shares issued by Ageas. Its current shareholding stands at 5.01%. * article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings …

WEST DES MOINES, Iowa, May 30, 2017 (GLOBE NEWSWIRE) — Employer Support of the Guard and Reserve (ESGR) has bestowed the Patriot Award on Greg Bonzagni, vice president of national sales at Sammons Retirement Solutions (SRS), a division of Sammons Financial Group. The Patriot Award is an honor awarded to supervisors or bosses who have supported employees that are serving …

FORT LAUDERDALE, Fla., May 30, 2017 (GLOBE NEWSWIRE) — Patriot National, Inc. (NYSE:PN) (the “Company”), a leading provider of technology and outsourcing solutions to the insurance industry, announced today that its Board of Directors has formed a new special committee of independent directors (the “Special Committee”) to explore and review a range of strategic alternatives for the Company.  There is …

NEW YORK, May 26, 2017 (GLOBE NEWSWIRE) — AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the “Company” or “AmTrust”) announced today that it has closed its previously announced private placement of 24,096,384 shares of common stock at a price of $12.45 per share, resulting in gross proceeds to the Company of US$300 million. About AmTrust Financial Services, Inc. AmTrust Financial Services, Inc., …

STAMFORD, Conn., May 26, 2017 (GLOBE NEWSWIRE) — Independence Holding Company (NYSE:IHC) announced today that it has commenced a tender offer to purchase up to 2,000,000 shares of its common stock at a price per share of $20.00, net to the seller in cash, without interest, less any applicable withholding taxes (the “Purchase Price”). The maximum number of shares proposed to …

Capital Contribution to Further Enhance Balance Sheet and Capital BaseProceeds to Be Put Directly into Insurance Operations to Support Organic Growth Opportunities NEW YORK, May 25, 2017 (GLOBE NEWSWIRE) — AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the “Company” or “AmTrust”) announced today that it will issue common equity to raise gross proceeds of US$300 million through a private placement (“Private Placement”). …

FARGO, N. D., May 25, 2017 (GLOBE NEWSWIRE) — NI Holdings, Inc. (NASDAQ:NODK) today announced that its board of directors has approved an authorization for the repurchase of up to $8 million of the company’s outstanding common stock.  This authorization supports our planned approach to capital deployment to create long-term value for our shareholders – through share repurchases and future …

STAMFORD, Conn., May 25, 2017 (GLOBE NEWSWIRE) — The Navigators Group, Inc. (NASDAQ:NAVG) announced today that its Board of Directors declared a cash dividend of $0.06 per share of common stock for the second quarter of 2017, reflecting a one and one-half cent increase over the previous quarter’s dividend. The dividend will be payable on June 30, 2017 to the …

MARIETTA, Pa., May 25, 2017 (GLOBE NEWSWIRE) — Donegal Mutual Insurance Company (“Donegal Mutual”) announced today that, following the receipt of all necessary approvals, Mountain States Mutual Casualty Company (“Mountain States”) merged with and into Donegal Mutual effective May 25, 2017.  Donegal Mutual is the surviving company in the merger, and Mountain States’ insurance subsidiaries, Mountain States Indemnity Company and …

PHOENIX, May 25, 2017 (GLOBE NEWSWIRE) — CopperPoint Insurance Companies, a leader in workers compensation insurance, announces Scott Shader has joined the company as chief operating officer. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4b1b30fe-8995-4dff-98ea-a7f320dea6b1 With more than 30 years’ insurance experience, Shader has extensive knowledge in commercial lines insurance, including expertise in analysis, building and running businesses with …

PHOENIX, May 25, 2017 (GLOBE NEWSWIRE) — CopperPoint Insurance Companies, a leader in workers compensation insurance, announces Scott Shader has joined the company as chief operating officer. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4b1b30fe-8995-4dff-98ea-a7f320dea6b1. With more than 30 years’ insurance experience, Shader has extensive knowledge in commercial lines insurance, including expertise in analysis, building and running businesses with …

HAMILTON, Bermuda, May 23, 2017 (GLOBE NEWSWIRE) — Maiden Holdings, Ltd. (NASDAQ:MHLD) (“Maiden” or “the Company”) today announced that its subsidiary, Maiden Holdings North America, Ltd. (the “Issuer”), has given notice of its intention to redeem all of its 8.000% Notes due 2042 (CUSIP Number 56029Q309) (the “Notes”) (NYSE:MHNB) on June 27, 2017 (the “Redemption Date”). The Notes will be …

New York, May 23, 2017 (GLOBE NEWSWIRE) — Beazley, a leading specialist event cancellation insurer, has partnered with Rainprotection Insurance to offer event organizers protection against the administrative burden and associated fees of processing ticket refunds for attendees who are no longer able to attend events that are not cancelled or delayed. The new Inability to Attend product, sold by …

Key features Q1 2017 Post-tax profit of DKK 415m (Q1 2016: DKK 161m) EPS was DKK 4.8 (Q1 2016: DKK 1.7) Combined ratio: 85.8 (Q1 2016: 86.0) Combined ratio excluding run-off profits: 89.0 (Q1 2016: 91.8) Premiums increased 1.7% in non-life insurance and declined 4.8% in life insurance Profit on life insurance was DKK 72m (Q1 2016: DKK 8m) After …

Over the next several years, multinational firms expect to expand trade in foreign markets or increase trade in international markets they already do business in. Managers dealing with international risk are challenged to manage their existing risk management programs, especially when exposures from physical plants, increased revenue and loss trends changing. That according to Richard Friesenhahn, Head of Multinational for …