The Hartford Financial Services Group, Inc. reported fourth-quarter 2020 adjusted operating earnings of $1.76 per share, which beat the Zacks Consensus Estimate by 34.4% on the back of higher net investment income. Moreover, the bottom line improved 23.1% year over year. Total revenues of $5.3 billion dipped 0.6% year over year due to lower contribution… Continue reading Hartford Financial’s Q4 Earnings Beat, Improve Y/Y
Tag: personal lines insurance
Zurich and Plum Underwriting Agree to a New Five-Year Personal Lines Capacity Deal
Zurich UK announces today a new, long-term agreement with specialist MGA Plum Underwriting to provide capacity for their UK non-standard home insurance portfolio. The five-year partnership with Plum, who form part of the Global Risk Partners (GRP) group of underwriting businesses, replaces current capacity from Lloyd’s and focuses on a portfolio of targeted products in… Continue reading Zurich and Plum Underwriting Agree to a New Five-Year Personal Lines Capacity Deal
Inszone Insurance Expands in California with Acquisition of Global Pro Insurance Services
Inszone Insurance Services, a rapidly growing national provider of personal and commercial lines insurance, has announced the acquisition of Global Pro Insurance Services, located in Pleasanton, California. Since the early 1990’s Global Pro Insurance Services has been providing property and casualty insurance services to individual and businesses throughout the Bay Area. James Choe, President at… Continue reading Inszone Insurance Expands in California with Acquisition of Global Pro Insurance Services
AmTrust to Transfer Renewal Rights for Republic Personal Lines in Six States to Safeco
AmTrust Financial Services, Inc. today announced it has entered into an agreement with Safeco Insurance, a Liberty Mutual company, to provide personal lines agents appointed with Republic General Agency a compelling opportunity to transition their Republic policies to Safeco beginning in the third quarter of 2020. AmTrust, a leading workers’ compensation and extended warranty provider,… Continue reading AmTrust to Transfer Renewal Rights for Republic Personal Lines in Six States to Safeco
AAU Announces the Hire of Esselstyn in Canonsburg, PA
AAU, a division of USG Insurance Services, Inc., is pleased to introduce Lisa Esselstyn as AAU Team Practice Leader in the Canonsburg, PA branch. Esselstyn has an extensive background in operations and company growth. She will utilize her knowledge and expertise as AAU Team Practice Leader by overseeing the AAU teams and developing AAU national… Continue reading AAU Announces the Hire of Esselstyn in Canonsburg, PA
AM Best Maintains U.S. Personal Lines Insurance Market Outlook at Stable
AM Best has maintained a market segment outlook of stable on the U.S. personal lines industry for 2020, citing a significant decline in catastrophe activity, profitable underwriting performance in the private passenger auto segment and the sector’s overall strong risk-adjusted capitalization levels. A new Best’s Market Segment Report, titled, “Market Segment Outlook: U.S. Personal Lines,”… Continue reading AM Best Maintains U.S. Personal Lines Insurance Market Outlook at Stable
Worldwide Facilities Acquires Risk Management Advisory Group
Worldwide Facilities, LLC (“Worldwide”), a national wholesale insurance brokerage, managing general agency and program manager, announces the acquisition of Risk Management Advisory Group (“RMAG”), a managing wholesale broker that provides specialty personal and commercial line products to retail agents primarily in the southeast region of the United States. “We are extremely pleased that Mitzi Herrera,… Continue reading Worldwide Facilities Acquires Risk Management Advisory Group
Newfront Insurance Announces New Chief Operating Officer Michael Brown
Newfront Insurance, a full-service retail brokerage, announces that effective immediately Michael Brown has joined as its chief operating officer. “I’m thrilled to welcome Mike to the Newfront team as our COO,” said Spike Lipkin, CEO and co-founder of Newfront. “As a seasoned and widely respected leader, he brings a tremendous wealth of experience to help… Continue reading Newfront Insurance Announces New Chief Operating Officer Michael Brown
Composite Rate for Personal Lines Insurance Rises to Plus 4.5%
The composite rate for personal lines continued to increase. Rates increased from plus 3.5 percent in the second quarter 2019 to plus 4.5 percent in third quarter. Average rates for homeowners coverage for large homes over $1,000,000 in coverage A value increased the most at plus 6.5 percent. This is a notable increase and is… Continue reading Composite Rate for Personal Lines Insurance Rises to Plus 4.5%
RSG Announces Acquisition of Boston Insurance Specialists
Ryan Specialty Group (RSG) has announced the acquisition of Boston Insurance Specialists (BIS), a family-owned wholesale insurance brokerage with offices in Mansfield and Westfield, MA. BIS was founded in 2001 by Debbie Murphy and Peggy Giancola. The independent brokerage represents and has binding authority with some of the top excess & surplus lines carriers in… Continue reading RSG Announces Acquisition of Boston Insurance Specialists