Robert Collins Appointed Head of Standard Commercial Business Unit for Hallmark Financial Services Inc. FORT WORTH, Texas, Nov. 14, 2016 (GLOBE NEWSWIRE) — Hallmark Financial Services, Inc. (NASDAQ:HALL) is pleased to announce that Robert Collins has joined Hallmark to lead the standard commercial product line, Hallmark Commercial Insurance Solutions (CIS). Mr. Collins will serve as the President for CIS and will manage the profitable growth, diversification, and operations of the product portfolio. Hallmark Commercial … Read More
Atlantic American Reports Third Quarter and Year to Date Net Income and Announces a New Share Repurchase Authorization Life and health premiums increased 10.8% and 6.3%, respectively, during the three month and nine month periods ended September 30, 2016 as compared to the comparable periods in 2015. Loss ratio in the property and casualty operation decreased in the nine month period ended September 30, 2016 as compared to the comparable period in 2015. ATLANTA, Nov. 14, 2016 (GLOBE … Read More
Advantage Insurance Acquires U.S. Commonwealth Life in Puerto Rico SAN JUAN, Puerto Rico, Nov. 14, 2016 (GLOBE NEWSWIRE) — Advantage Insurance Inc. (“Advantage”), a leader in providing customized insurance solutions for businesses and individuals, announced today that it recently completed the acquisition of U.S. Commonwealth Life, A.I. (“USCL”). Operating within Puerto Rico’s International Insurance Center, USCL issues life insurance policies to high net worth individuals and family groups to … Read More
AmTrust Financial Services, Inc. Quarterly Report on Form 10-Q for the Third Quarter 2016 to be Available on Monday, November 14, 2016 NEW YORK, Nov. 11, 2016 (GLOBE NEWSWIRE) — AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the “Company” or “AmTrust”) today announced that it has finalized its quarterly report on Form 10-Q for the third quarter 2016 and will submit the Form 10-Q to the SEC for filing. However, the filing will not be available until Monday morning, November 14, 2016, as the … Read More
U.S. Cyber Insurance Market Grows Amid Data Breach Concerns Businesses Opting To Buy Policies That Reflect Sizable Economic Costs Of Cyberrisk NEW YORK, November 10, 2016 — U.S. insurers are becoming more skilled at underwriting and pricing stand-alone cyber insurance policies as businesses show a greater interest in protecting themselves from data breaches and attacks, according to the Insurance Information Institute (I.I.I.). “More than 60 carriers offer stand-alone cyber … Read More
Tokio Marine HCC Ratings Affirmed by Standard & Poor’s With Stable Outlook HOUSTON, Nov. 10, 2016 (GLOBE NEWSWIRE) — Tokio Marine HCC today announced that Standard & Poor’s has affirmed the “AA- (Very Strong)” financial strength ratings for its core insurance company subsidiaries and the “A-” issuer credit rating for HCC Insurance Holdings, Inc. The outlook for these ratings is Stable. “We are very pleased that Standard & Poor’s has affirmed Tokio … Read More
National Interstate Holds Groundbreaking for Its Headquarters Expansion RICHFIELD, Ohio, Nov. 10, 2016 (GLOBE NEWSWIRE) — National Interstate Insurance Company employees, construction and architect partners, as well as state and local school and government officials gathered today for the groundbreaking ceremony for the third building at its Richfield, Ohio corporate campus. The five story, 117,000 square foot, building will serve as the centerpiece on National Interstate’s campus and … Read More
Andesa Services Named Finalist in the 2016 Lehigh Valley Business- "Business of the Year" Awards Program ALLENTOWN, Pa., Nov. 10, 2016 (GLOBE NEWSWIRE) — via PRWEB – The Business of the Year awards program celebrates the region’s most dynamic businesses and business leaders who share a commitment to professional excellence, business growth and the community. “Year in and year out I am reminded that Andesa’s staff is our strongest attribute. Each day I am blessed to … Read More
Andesa Services Named Finalist in the 2016 Lehigh Valley Business- "Business of the Year" Awards Program ALLENTOWN, Pa., Nov. 10, 2016 (GLOBE NEWSWIRE) — via PRWEB – The Business of the Year awards program celebrates the region’s most dynamic businesses and business leaders who share a commitment to professional excellence, business growth and the community. “Year in and year out I am reminded that Andesa’s staff is our strongest attribute. Each day I am blessed to … Read More
Independence Holding Company Announces 2016 Third-Quarter and Nine-Month Results STAMFORD, Conn., Nov. 09, 2016 (GLOBE NEWSWIRE) — Independence Holding Company (NYSE:IHC) today reported 2016 third-quarter and nine-month results. Financial Results Net income attributable to IHC of $4,323,000, or $.25 per share diluted, for the three months ended September 30, 2016 decreased from $14,760,000, or $.85 per share diluted, in the same period of 2015. Income from continuing … Read More
Conifer Holdings Reports 2016 Third Quarter Financial Results BIRMINGHAM, Mich., Nov. 09, 2016 (GLOBE NEWSWIRE) — Conifer Holdings, Inc. (Nasdaq:CNFR) (“Conifer” or the “Company”) today announced results for the third quarter ended September 30, 2016. Third Quarter 2016 Highlights (all comparisons to prior year period) Gross written premiums increased 17.6% to $28.5 million, largely due to continued growth in commercial markets of hospitality, small business, and specialty homeowners … Read More
MiniCo Insurance Agency Expands Collectibles Insurance Program to Include Jewelry and Watches through Collaboration with AXA ART Americas PHOENIX, Ariz., Nov. 9, 2016 (GLOBE NEWSWIRE) — via PRWEB – MiniCo Insurance Agency, in collaboration with fine art insurance specialist AXA ART Americas Corporation, has broadened its collectibles insurance program to offer expanded coverage of up to $250,000 in jewelry and watches. The enhanced offering represents a significant expansion to the MiniCo Collectibles Insurance program, which was launched in … Read More
Enstar Group Limited Reports Third Quarter Results HAMILTON, Bermuda, Nov. 08, 2016 (GLOBE NEWSWIRE) — Enstar Group Limited (Nasdaq:ESGR) filed its quarterly report on Form 10-Q with the SEC today, reporting its earnings and financial position for the three and nine months ended September 30, 2016. Enstar reported consolidated net earnings of $156.0 million (or $8.02 per fully diluted share) for the three months ended September 30, 2016 and … Read More
HCI Group to Participate at the JMP Securities Insurance Forum on Tuesday, November 15, 2016 TAMPA, Fla., Nov. 08, 2016 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI), a holding company primarily engaged in homeowners’ insurance, with additional operations in reinsurance, real estate and information technology, plans to participate at the JMP Securities Insurance Forum to be held Tuesday, November 15, 2016 at the JW Marriott Chicago. HCI Group Chairman and Chief Executive Officer, Paresh Patel, is … Read More
Arthur J. Gallagher & Co. Acquires Regency Group ITASCA, Ill., Nov. 8, 2016 /PRNewswire/ — Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Regency Group located in East Lansing, Michigan. Terms of the transaction were not disclosed. Established in 1981, Regency Group (Regency), a wholesale insurance broker and program administrator, provides group and large firm self-insured, workers compensation programs for its independent retail insurance broker … Read More
CNinsure to Announce Third Quarter 2016 Unaudited Financial Results and Host Conference Call on November 21, 2016 GUANGZHOU, China, Nov. 08, 2016 (GLOBE NEWSWIRE) — CNinsure Inc. (“CNinsure” or “the Company”) (Nasdaq:CISG), a leading independent online-to-offline (“O2O”) financial services provider in China, today announced that it will release its unaudited financial results for the third quarter 2016 after the close of the U.S. financial markets on November 21, 2016. Mr. Chunlin Wang, CEO and Mr. Peng Ge, … Read More
Kinsale Announces Private Company/Organization Directors & Officers Product RICHMOND, Va., Nov. 07, 2016 (GLOBE NEWSWIRE) — Kinsale Insurance Company, Inc. today announced the release of their Private Company/Organization Directors & Officers product. The Kinsale Management Liability Team can consider the coverage on a stand-alone basis or packaged with our Employment Practices Liability and Fiduciary Liability products. Coverage is written non-admitted on a Claims-made and Reported Coverage form with … Read More
Connecture Reports Financial Results for Third Quarter 2016 BROOKFIELD, Wis., Nov. 07, 2016 (GLOBE NEWSWIRE) — Connecture, Inc. (Nasdaq:CNXR), a provider of web-based information systems used to create health insurance marketplaces, today announced financial results for the quarter ended September 30, 2016. “Our third quarter results were marked by great progress towards meeting our clients’ objectives for a successful 2017 AEP and OEP enrollment season. We are particularly encouraged … Read More
Hallmark Financial Services, Inc. Announces Third Quarter 2016 Earnings Results FORT WORTH, Texas, Nov. 07, 2016 (GLOBE NEWSWIRE) — Hallmark Financial Services, Inc. (NASDAQ:HALL) today announced earnings for its third fiscal quarter ended September 30, 2016, including the following highlights: 3rd quarter net income of $5.0 million, or $0.27 per diluted share 3rd quarter catastrophe losses of $2.2 million, or $0.08 per diluted share net of tax 3rd quarter net … Read More
National General Holdings Corp. Announces Dividends on Common and Preferred Stock NEW YORK, Nov. 07, 2016 (GLOBE NEWSWIRE) — National General Holdings Corp. (NASDAQ:NGHC) today announced that its Board of Directors approved quarterly dividends on the company’s common and preferred stock as follows: A cash dividend on the company’s common stock of $0.04 per share. A cash dividend on the company’s 7.50% Non-Cumulative Preferred Stock, Series A, in the amount of … Read More
