New candidate for Tryg’s Supervisory Board In continuation of Tryg’s notice of the annual general meeting on 8 March 2017 at 15:00 CET (announcement no. 02-2017), Tryg’s Supervisory Board nominates Jukka Pertola as candidate for Tryg’s Supervisory for election at the annual general meeting. As informed in announcement no. 23-2016, and the notice of Tryg’s annual general meeting, TryghedsGruppen smba will propose to terminate the current … Read More
AmTrust Financial Services, Inc. Completes Acquisition of AmeriHealth Casualty Insurance Company NEW YORK, March 01, 2017 (GLOBE NEWSWIRE) — AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the “Company” or “AmTrust”) today announced that the Company has completed the acquisition of AmeriHealth Casualty Insurance Company (“AmeriHealth Casualty”) from Independence Health Group, Inc. (“IHG”) for approximately $92.8 million in cash. In 2015, AmeriHealth Casualty generated gross written premium of approximately $116 million. “We are very … Read More
Maiden Holdings Announces Brief 10-K Filing Delay for Completion of Final Audit Procedures; No Material Weaknesses in Internal Controls Identified HAMILTON, Bermuda, March 01, 2017 (GLOBE NEWSWIRE) — Maiden Holdings, Ltd. (“Maiden” or “the Company”) (NASDAQ:MHLD) announced today that it has delayed the filing of its Annual Report on Form 10-K for the year ended December 31, 2016. The audit is substantially completed and is expected to be finalized shortly. The Company plans to file a Form 12b-25 with the … Read More
American National Insurance Company Announces Filing Extension for Form 10-K GALVESTON, Texas, March 01, 2017 (GLOBE NEWSWIRE) — American National Insurance Company (Nasdaq:ANAT) (the “Company”) filed a Form 12b-25 Notification of Late Filing with the U.S. Securities and Exchange Commission today that discloses that the Company is unable to timely file its Form 10-K for the year ended December 31, 2016 (the “Form 10-K”) without unreasonable effort or expense. The Company … Read More
Conifer Holdings Reports 2016 Fourth Quarter and Year End Financial Results BIRMINGHAM, Mich., March 01, 2017 (GLOBE NEWSWIRE) — Conifer Holdings, Inc. (Nasdaq:CNFR) (“Conifer” or the “Company”) today announced results for the fourth quarter and year ended December 31, 2016. Fourth Quarter 2016 Highlights (all comparisons to prior year period) Gross written premiums increased 24.0% to $31.3 million Net earned premiums increased 26.9% to $24.5 million Combined ratio was 118.7%, compared … Read More
Unique New Platform Offers Highly Competitive Directors & Officers Insurance to the Small-Cap Market NEW YORK and LOS ANGELES, March 01, 2017 (GLOBE NEWSWIRE) — Continuing to bring innovative risk management and compliance solutions to market, Frenkel & Company has launched an insurance program for the small-cap and privately held company marketplace. The new program, called Frenkel Advantage, delivers insurance products for Directors & Officers (D&O) Liability Insurance , Cyber Liability, and other risks … Read More
The Plexus Groupe LLC Acquires Fairway Financial Insurance Group DEER PARK, Ill., March 01, 2017 (GLOBE NEWSWIRE) — The Plexus Groupe LLC (Plexus), a growing, privately held national insurance brokerage and risk management consultancy, announced today it has acquired Arlington Heights, Ill.-based Fairway Financial Insurance Group (Fairway), an independent personal lines insurance agency. Fairway will be rebranded as Plexus and operate out of the firm’s Deer Park headquarters. Deborah … Read More
American National Insurance Company Introduces an Industry Leading Whole Life Policy with a Paid Up Additions Rider and Guaranteed Insurance Option Rider –Signature Whole Life Insurance GALVESTON, Texas, March 01, 2017 (GLOBE NEWSWIRE) — American National Insurance Company announces a new product, Signature Whole Life Insurance (SWL), available [March 1, 2017]. Signature Whole Life is one of the lowest priced participating whole life products in the industry. Signature WL provides guaranteed lifetime Death Benefit protection and the option to obtain additional death benefit through the highly … Read More
Alm. Brand – weekly report on share buybacks – Programme completed In the period 27 February 2017 to 28 February 2017, Alm. Brand bought own shares for a total amount of DKK 2.2 million as part of the increased share buyback programme of up to DKK 400 million announced on 26 April 2016. The buyback programme ended on 28 February 2017. In aggregate, shares of DKK 400.0 million have been bought … Read More
Alm. Brand – Annual Report 2016 Alm. Brand posted a highly satisfactory profit of DKK 1,033 million before tax. The performance was lifted in particular by strong results in Non-life Insurance. The Board of Directors recommends distribution of an ordinary dividend of DKK 1.50 per share and an extraordinary dividend of DKK 3.50 per share and the initiation of a new share buyback programme of up … Read More
エンスター･グループ･リミテッド、新しい取締役の任命を発表 バミューダ諸島ハミルトン発, March 01, 2017 (GLOBE NEWSWIRE) — エンスター･グループ･リミテッド (Enstar Group Limited、NASDAQ:ESGR) は本日、ジー･リュー (Jie Liu) を2017年2月21日付けで取締役会メンバーに任命したことを発表した。 リュー氏はヒルハウス･キャピタル･マネジメント (Hillhouse Capital Management, Ltd.、以下「ヒルハウス」) に2015年に入社し、マネージングディレクターを務めている。ヒルハウス入社以前は、5年以上にわたりセントリー･インベストメンツ (Sentry Investments、カナダのリーダー的地位にあるアセット運用会社) の信用責任者を務めた。リュー氏は過去にRBCキャピタル･マーケッツ (RBC Capital Markets) の債券リサーチアナリストや、スタンダード&プアーズ (Standard & Poor’s) の信用格付スペシャリストも務めている。 エンスターの最高経営責任者ドミニク･シルベスター (Dominic Silvester) は「ヒルハウスがエンスターの大口株主とケイラリー (KaylaRe) の戦略的パートナーになり、最近数ヶ月にわたってリュー氏と一緒に仕事をしてきました。投資の専門的ノウハウだけでなく、グローバルな視点を当社の取締役会にもたらし、エンスターに大きく貢献してくれると確信しています」と述べている。 エンスターについて エンスターは、バミューダ諸島、米国、英国、欧州大陸、オーストラリア、その他の海外拠点にあるグループ企業のネットワークを通じて画期的な資本リリース･ソリューションや特殊アンダーライティング能力を提供している多角的保険グループである。エンスターは、2001年の創立以来75社を超える会社やポートフォリオを買収してきた実績を持つ、レガシー買収のマーケットリーダーであり、合計資産額は120億ドルを超える。エンスターの現行のアンダーライティング事業には、グローバルなアンダーライティング･プラットフォームを複数備えたAクラスの世界的な特殊保険グループ、スターストーン (StarStone) 会社グループ、ロイズ (Lloyd’s) の「シンジケート609」のための特殊保険および再保険業務の運営とアンダーライティングを行っているアトリウム (Atrium) 会社グループが含まれる。エンスターに関する詳細については、www.enstargroup.comを参照のこと。 注意事項 本プレスリリースには、1995年米国証券民事訴訟改革法 (Private Securities Litigation Reform Act of 1995) の意義の範囲内における、将来の見通しに関する記述が含まれている。これらの記述には、エンスターおよびその経営陣の意図、確信、あるいは現時点での予想に関する記述が含まれる。投資家は、これらの将来の見通しに関する記述が、記述が行われた時点での事柄を述べているに過ぎず、将来の業績を保証するものではなく、リスクや不確実性が含まれること、および実際の結果は、さまざまな要因により将来の見通しに関する記述で予想した状態とは実質的に異なる場合があることにご注意いただきたい。エンスターに関する重要なリスクについては、2016年12月末日までの事業年度のフォーム10-Kの見出し「リスク要因」を確認または参照のこと。さらにエンスターは、法律によって義務づけられている場合を除き、将来予想に関連した見通しの変更や、かかる記述のもとになる出来事、条件、状況あるいは前提の変更を反映するために、書面あるいは口頭で将来予想に関する記述を更新する義務は負わず、また本プレスリリースに含まれる将来予想に関する記述の更新あるいは改訂を公式に発表する義務も負わない。 CONTACT: 問い合わせ先: マーク･スミス (Mark … Read More
Conifer Holdings to Present at Annual Association of Insurance and Financial Analysts (AIFA) Conference BIRMINGHAM, Mich., Feb. 28, 2017 (GLOBE NEWSWIRE) — Conifer Holdings, Inc. (NASDAQ:CNFR) (“Conifer” or the “Company”) announced today that the Company’s management will participate at the 42nd Annual Association of Insurance and Financial Analysts (AIFA) Conference in Boca Raton, Florida. The Company will host one-on-one meetings throughout the day and conduct an open session at 11:00 AM ET on Tuesday, … Read More
HCI Group Announces Pricing of $125 Million Offering of Convertible Senior Notes Due 2037 TAMPA, Fla., Feb. 28, 2017 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI), today announced the pricing of an offering of $125 million aggregate principal amount of 4.25% convertible senior notes due 2037 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). The sale of the … Read More
HCI Group Announces Proposed $115 Million Offering of Convertible Senior Notes Due 2037 TAMPA, Fla., Feb. 28, 2017 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI), today announced its intention to offer, subject to market and other conditions, $115 million aggregate principal amount of convertible senior notes due 2037 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). HCI … Read More
Advice for winners re: InsurTech and tomorrow’s insurance value chain – ACORD CEO. In part two of a two-part Tech Trends in Insurance report, Bill Pieroni, President & CEO of ACORD, discusses the latest developments in InsurTech – “a real phenomenon.” Mr. Pieroni sees two types of InsurTech firms: companies that have a fundamental understanding of the challenges faced by the insurance industry, and those with solutions looking for a problem. The insurance … Read More
Enstar Group Limited Announces Appointment of New Director HAMILTON, Bermuda, Feb. 27, 2017 (GLOBE NEWSWIRE) — Enstar Group Limited (“Enstar”) (Nasdaq:ESGR) today announced that it has appointed Jie Liu to its Board of Directors, effective February 21, 2017. Mr. Liu is a managing director of Hillhouse Capital Management, Ltd. (“Hillhouse”) and has been with Hillhouse since 2015. Prior to joining Hillhouse, he was Head of Credit and a … Read More
Maiden Holdings, Ltd. Announces Fourth Quarter and Year-End 2016 Financial Results Highlights for the quarter ended December 31, 2016 Net loss attributable to Maiden common shareholders of $74.7 million, or $0.87 per diluted common share compared with net income attributable to Maiden common shareholders of $24.7 million, or $0.32 per diluted common share(8) in the fourth quarter of 2015; Net operating loss(1) of $69.7 million, or $0.81 per diluted common share … Read More
American National Announces Fourth Quarter Results GALVESTON, Texas, Feb. 27, 2017 (GLOBE NEWSWIRE) — American National Insurance Company (Nasdaq:ANAT) announced stronger after-tax operating income for the fourth quarter 2016 of $46.3 million or $1.72 per diluted share, an increase over the same period 2015 operating income of $45.8 million or $1.69 per diluted share. Operating income for the quarter benefited from strong annuity and property/casualty earnings. … Read More
Enstar Group Limited Reports 2016 Year-End Results HAMILTON, Bermuda, Feb. 27, 2017 (GLOBE NEWSWIRE) — Enstar Group Limited (Nasdaq:ESGR) filed its annual report on Form 10-K with the SEC earlier today, reporting its earnings and financial position for the year ended December 31, 2016. Enstar reported consolidated net earnings of $264.8 million (or $13.62 per fully diluted share) for the year ended December 31, 2016 compared to $220.3 … Read More
Donegal Group Inc. to Present at the NYSSA 21st Annual Insurance Industry Conference on Monday, March 20, 2017 MARIETTA, Pa., Feb. 27, 2017 (GLOBE NEWSWIRE) — Donegal Group Inc. (NASDAQ:DGICA) (NASDAQ:DGICB) announced today that Kevin G. Burke, President and Chief Executive Officer, and Jeffrey D. Miller, Executive Vice President and Chief Financial Officer, will present at the New York Society of Security Analysts (NYSSA) 21st Annual Insurance Industry Conference in New York City on Monday, March 20, 2017 … Read More
