SBA Insurance Industry Leader Launches New Firm
June 27, 20225 min
Bailey Enterprises Holding will offer small businesses expanded offerings.
Haven Life, the customer centric life insurance agency backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual), and Kinly are announcing a new partnership to make term life insurance more accessible to Black Americans. Through this partnership, Haven Term and Haven Simple term life insurance products will be available on the Kinly mobile application for its members. Kinly is a digital bank designed specifically for Black Americans, who have historically been underserved and...
AM Best Assigns Credit Ratings to C&T Insurance Company
April 4, 20225 min
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to C&T Insurance Company (C&T) (Vermont). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect C&T’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). C&T is a single parent captive of MasTec, Inc. (MasTec)...
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa-” (Superior) of The Penn Mutual Life Insurance Company (Penn Mutual Life) (Horsham, PA) and its wholly owned subsidiaries, The Penn Insurance and Annuity Company (Wilmington, DE), Vantis Life Insurance Company (Windsor, CT) and The Penn Insurance and Annuity Company of New York (Brewster, NY). These companies collectively are referred to as Penn Mutual Group...
AM Best Affirms Credit Ratings of Sooner Insurance Company
February 7, 20226 min
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Sooner Insurance Company (Sooner) (Colchester, VT). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Sooner’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). Sooner’s balance sheet strength is underpinned by its risk-adjusted capitalization...
Independent Insurance Group, LLC Announces Key New Hires
November 17, 20212 min
Independent Insurance Group, LLC (“Independent Group”) announced today two new hires. Nancy Robertson has joined Independent Life Insurance Company as Vice President, Policy Administration, and Shannon Marconi has joined Independent Group as Assistant Vice President, Finance & Accounting. “We are thrilled to welcome Nancy and Shannon to our growing team,” said George Luecke, President and Chief Strategy Officer of Independent Group. “Their roles are crucial to the continued implementation of our strategic and operating initiatives. We look forward to further announcements soon,...
Mobilitas Insurance & Lyft Expand Commercial Insurance
October 4, 20213 min
Insurance solution for mobility sector grows to 18 states Mobilitas Insurance, the commercial insurance company dedicated to providing insurance protection to the unique and emerging demands of the sharing economy and mobility sector, announced that it was selected by Lyft to expand ride-sharing commercial insurance coverage to 18 states. The expansion takes effect on October 1, 2021. “Our partnership with Lyft enables us to provide insurance solutions that help protect the rapidly evolving needs of the...