Search Results for: Reinsurance

AM Best Affirms Credit Ratings of United States Liability Insurance Company and Its Subsidiaries
InsurTech News

AM Best Affirms Credit Ratings of United States Liability Insurance Company and Its Subsidiaries

Business Wire
by Business Wire0
AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aa+” (Superior) of United States Liability Insurance Company (USLI) and its subsidiaries: Mount Vernon Fire Insurance Company, U.S. Underwriters Insurance Company (Bismarck, ND), Mount Vernon Specialty Insurance Company and Radnor Specialty Insurance Company.......
Fortitude Re Engages IBM to Transform and Optimize Its Life Insurance and Annuity Third Party Administration Operations
InsurTech News

Fortitude Re Engages IBM to Transform and Optimize Its Life Insurance and Annuity Third Party Administration Operations

Business Wire
by Business Wire0
Fortitude Re and IBM establish long-term strategic relationship to collaborate on growth opportunities to further enhance Fortitude Re’s position as a leading global provider of legacy reinsurance solutions. The companies enter into $450 million, 10-year collaboration for administration of over 4 million insurance policies. IBM launches its fully licensed Life......
Trisura Group Completes C$53 Million Bought Deal Public Offering
InsurTech News

Trisura Group Completes C$53 Million Bought Deal Public Offering

GlobeNewswire
by GlobeNewswire0
Trisura Group Ltd., a leading specialty insurance provider, has announced that it has completed its previously announced public offering of 1,620,000 common shares, including 100,000 common shares issued pursuant to the partial exercise of the underwriters’ over-allotment option, at a price of $32.90 per common share, for gross proceeds of......
Mulberri Launches Cyber Insurance MGA for Small and Medium-Sized Businesses
InsurTech News

Mulberri Launches Cyber Insurance MGA for Small and Medium-Sized Businesses

Business Wire
by Business Wire0
Mulberri, an AI-driven insurance platform founded in 2021, announced the launch of its Cyber Insurance MGA. Mulberri’s approach is designed to help embedded insurance partners and their small and medium-size business clients safeguard against crippling financial consequences caused by cyberattacks while boosting revenue. The Mulberri Cyber Insurance MGA represents a......
Duck Creek Technologies Expands to the Indian Market, Offering Its Global Core Technology Platform to India-Based Insurance Carriers
InsurTech News

Duck Creek Technologies Expands to the Indian Market, Offering Its Global Core Technology Platform to India-Based Insurance Carriers

Fintech News Desk
by Fintech News Desk0
The company’s Indian subsidiary signs its first full-suite customer partnership in the region with HDFC ERGO Duck Creek Technologies India LLP, a subsidiary of Duck Creek Technologies, announced a historical milestone with its expansion into the Indian general insurance market. Duck Creek Technologies India LLP now offers India-based insurers the......
Acrisure’s New York Businesses Unite to Serve Clients Across the State
Fintech News

Acrisure’s New York Businesses Unite to Serve Clients Across the State

Business Wire
by Business Wire0
Kathleen Bradley and Brian Colby to Serve as Managing Partners of New York Region Acrisure, a global Fintech leader, announced the formation of the Company’s New York Region under the Acrisure brand. The New York Region is led by Managing Partners Kathleen Bradley and Brian Colby. Latest Fintech Interview Global......
Best’s Special Report AM Best Updates Net Capital Charge Tables Associated With Fannie-Freddie Mortgage Risk Transfers
InsurTech Mortgage News

AM Best Updates Net Capital Charge Tables Associated With Fannie-Freddie Mortgage Risk Transfers

Business Wire
by Business Wire0
AM Best has released newly updated tables of net capital charges associated with a representative sample of mortgage-related transactions from Fannie Mae and Freddie Mac’s credit risk transfer (CRT) programs—Freddie Mac’s Agency Credit Insurance Structure (ACIS) and Fannie Mae’s Credit Insurance Risk Transfer (CIRT). These tables also highlight some of the......
Reliance Matrix Partners with Zywave, an Insurance Tech Company Providing Innovative, Cloud-Based, DAMS to Brokers
Cloud InsurTech News

Reliance Matrix Partners with Zywave, an Insurance Tech Company Providing Innovative, Cloud-Based, DAMS to Brokers

Business Wire
by Business Wire0
Reliance Matrix, a leading absence and employee benefits company, has partnered with insurance tech company Zywave, the leading provider of cloud-based, digital agency management systems for brokers. Zywave’s CPQ – Employee Benefits solution, which will now feature Reliance Matrix dental and vision products, is designed to make quoting and placing......
Prudential Financial to Reinsure $12.5 Billion Guaranteed Universal Life Block with Somerset Re
InsurTech News

Prudential Financial to Reinsure $12.5 Billion Guaranteed Universal Life Block with Somerset Re

Business Wire
by Business Wire0
Supports Prudential’s transformation strategy by reducing market sensitivity and increasing capital flexibility Does not result in any changes for customers and distribution partners Prudential Financial, announced an agreement to reinsure a portion of its guaranteed universal life block with Somerset Re, resulting in approximately $450 million of proceeds.1 Latest Fintech......
Slide Secures Additional $100 Million Cat Bond with Closing of Purple Re Ltd.
InsurTech News

Slide Secures Additional $100 Million Cat Bond with Closing of Purple Re Ltd.

Business Wire
by Business Wire0
Slide expands its collateralized reinsurance protection with the help of capital market investors Slide Insurance, the full-stack insurtech focused on providing affordable, effective homeowners coverage, announced it has finalized pricing for its latest catastrophe (cat) bond, closing the $100 million Purple Re Ltd. (Series 2023-2). This is the second cat......
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