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 …

STAMFORD, Conn., May 22, 2017 (GLOBE NEWSWIRE) — Independence Holding Company (NYSE:IHC) today reported 2016 fourth-quarter and annual results.  Financial Results Net income attributable to IHC of $8,529,000, or $.49 per share diluted, for the three months ended December 31, 2016 increased from $4,933,000, or $.28 per share diluted, in the same period of 2015. Income from continuing operations increased …

STAMFORD, Conn., May 22, 2017 (GLOBE NEWSWIRE) — Independence Holding Company (NYSE:IHC) announced today that it intends to commence a tender offer within the next week to purchase up to 2,000,000 shares of its common stock at a price per share of $20.00. The number of shares proposed to be purchased in the tender offer represents approximately 12.21% of IHC’s currently …

HAMILTON, Bermuda, May 22, 2017 (GLOBE NEWSWIRE) — Enstar Group Limited (Nasdaq:ESGR) today announced its succession plan for Chief Financial Officer, Mark Smith.  Smith has served as Enstar’s CFO since August 2015 and will step down on December 31, 2017.  He will move into a consulting role for Enstar beginning January 1, 2018. Guy Bowker, Chief Accounting Officer and Deputy …

GUANGZHOU, China, May 22, 2017 (GLOBE NEWSWIRE) — Fanhua Inc., (Nasdaq:FANH), (the “Company” or “Fanhua”), a leading independent online-to-offline (“O2O”) financial services provider in China, today announced its unaudited financial results for the first quarter ended March 31, 20171. (In thousands, except per ADS) 2016 Q1 （RMB） 2017 Q1(RMB) 2017 Q1(US$) Change % Total net revenues 907,864   1,467,380 213,183 …

NEW YORK, May 22, 2017 (GLOBE NEWSWIRE) — JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), one of the world’s leading specialty-focused providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, is pleased to announce the appointment of Denise Kaloudis as Senior Vice President.  Based in New York, Kaloudis will work …

Directors Elections to the Board of Directors Announced New Officer Elections Announced Director Elections to the Board of Directors CEDAR RAPIDS, Iowa, May 19, 2017 (GLOBE NEWSWIRE) — United Fire Group, Inc. (Nasdaq:UFCS) (the “Company” or “UFG”) announced today that four directors were elected to our board at the Annual Meeting of Shareholders on May 17, 2017. The following individuals …