🎉 Exciting news! AM Best has affirmed the Financial Strength Rating of At-Bay’s E&S carrier, At-Bay Specialty Insurance Company, as A- (Excellent) with a "Stable" outlook. This rating indicates AM Best’s expectation that At-Bay’s very strong balance sheet and ongoing strategic initiatives will continue to drive consistent operating performance following its 2023 annual review. Ari Fischel, our CFO, summed it up perfectly: “The AM Best rating is an important validation of our team’s work as we continue to build the next generation of insurance for mid-market and small businesses. Remaining committed as ever to underwriting discipline and service excellence, we look forward to the year ahead.” Kudos to our team for their unwavering dedication! 🚀 Here’s to more milestones ahead! https://lnkd.in/g7ruNZKb
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To address the unique challenges of companies with market capitalizations of $300 million or less, #NSIInsuranceGroup has launched a proprietary product designed for micro/small-cap companies, ensuring the protection of directors' and officers' personal assets. Micro-cap companies often struggle to secure adequate coverage due to their size and associated risks. High insurance costs, lengthy acquisition processes, and a litigious business environment make a robust risk management strategy crucial. NSI’s Financial Practice Leader Jason Bishara said, "NSI’s premier, tier 1 microcap solution reduces costs, increases coverage, and protects executives' and board members' personal assets. Offering admitted D&O products alongside Cyber, EPLI, Crime, and Fiduciary Liability coverage, we provide a comprehensive, tailored approach to address unique risks.” The new product offers cost-effective, comprehensive coverage for publicly traded micro-cap companies. Learn more: https://lnkd.in/ek-JzTSf
Yahoo! Finance: NSI Insurance Group Launches Proprietary Directors and Officers (D&O) Product - NSI Insurance Group
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Insurance mergers and acquisitions in the US and Canada have slowed significantly in H1 2024, with just 103 deals—the lowest since 2009. However, the future looks promising as three key factors emerge: climate risks, cybersecurity, and AI. Marc Voses from Clyde & Co emphasizes that those who adapt to climate change will have a competitive edge. https://hubs.la/Q02SB98G0
What will spur future growth in insurance carrier M&A?
insurancebusinessmag.com
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#IBTV: Get ready for a dynamic discussion on the intersection of technology and insurance brokerage! Join us for our Power Panel featuring industry leaders from Cyber Data-Risk Managers , Dixon Insurance Services, Clear Insurance, and Lockton Australia. Gain valuable insights into the evolving landscape of the insurance industry. https://hubs.la/Q02lph6R0 #TechImpact #InsuranceBrokers #PowerPanel #IndustryLeaders
Power Panel: How is technology impacting insurance brokers?
insurancebusinessmag.com
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Insurance Expert | Financial Advisor | Estate Planner | Property Manager | Author | Member of the Chartered Insurance Institute & Society of Will Writers
Business Valuation Vault Unlocked Hey Happy New week, let's talk about the million-dollar question well, maybe millions depending on your hustle. What makes a company an investor’s desire? Investors are looking for companies with stability, a safety net, and the ability to weather any storm. Here comes in the unsung hero of company valuation: Business Insurance that provides you with these crucial elements. Think of it like a suit of armor for your business. It shows investors you're prepared for anything, from cyber attacks to a delayed delivery system. Business Insurance can actually save you a ton of cash in the long run. Imagine a disgruntled customer sues you for a social media mishap. The right insurance policy could be your knight in shining armor, deflecting that financial blow. A little planning goes a long way. By having the right insurance in place, you show investors you're a strategic leader, ready to conquer any challenge and take your company to the top. Ready to unlock your company's full valuation potential? Tell me your biggest business worry in the comments, and I'll share how the right insurance policy can be your secret weapon. P.S. Feeling lost in the insurance maze? Don't worry, I'm your friendly neighborhood insurance expert @Debbie Liadi Connect with me to discuss your specific needs and unlock the hidden power of business insurance. #valuationboost #beprepared #insurance #insuranceexpert #BusinessProtection
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Our Founder and CEO was recently interviewed by Risk & Insurance Magazine! Kristin speaks to why she started SnapRISK, the value we bring to our clients, our technology and innovation, and what it is like being a female in a male-dominated industry. "I truly believe SnapRISK is at the highest level of the interim technology in our niche industry" Check out the full article here!
8 Questions for SnapRISK Founder and CEO Kristin Carrington - Risk & Insurance
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We are proud to share an exciting development at Safeheron—a significant leap forward in asset protection for our users. After an extensive, multi-dimensional evaluation, we have obtained two critical insurances from the independent insurance brokerage firm, Lockton: Digital Asset Custodial Risks Insurance and Professional Indemnity Insurance. These additions to our security framework mark an important milestone in our ongoing commitment to provide comprehensive protection for our users' assets. The two insurances are designed to safeguard against losses stemming from external cyber-attacks and internal operational mishaps. With Lockton's continued insurance support, we are reinforcing our multi-layered system of user asset protection. This move is not just about strengthening our defenses—it's a reflection of our pledge to deliver an all-encompassing safety net for the assets entrusted to us. At Safeheron, we understand that the foundation of trust in the digital asset space is the assurance of security. We will continuously look to set higher standards to protect and empower our users in the Web3 ecosystem.
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CrowdStrike learnings will boost investor confidence in CyILS: Parametrix http://spr.ly/6042cTYlq #reinsurance #insurance
CrowdStrike learnings will boost investor confidence in CyILS: Parametrix
insuranceinsiderils.com
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Senior Executive at Sutherland Insurance TPA | Champion of Innovation & Transformation in Insurance | Co-Host of 'Insurance Sync' Podcast
Explore how a leading insurance broker achieved a 75% reduction in test effort and improved compliance using CloudTestr. Learn how CloudTestr can automate and streamline your testing function, ensuring consistency and reducing vulnerabilities. https://lnkd.in/ebPkeDRv #SutherlandInsurance #SutherlandDES
Global Insurance Broker Reduces Test Effort by 75% and Improves Compliance with CloudTestr
sutherlandglobal.com
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Explore how a leading insurance broker achieved a 75% reduction in test effort and improved compliance using CloudTestr. Learn how CloudTestr can automate and streamline your testing function, ensuring consistency and reducing vulnerabilities. https://lnkd.in/gE4_vnUK #SutherlandInsurance #SutherlandDES
Global Insurance Broker Reduces Test Effort by 75% and Improves Compliance with CloudTestr
sutherlandglobal.com
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🥂 Welcome to 2024! 🥂 I'm very pleased to kickoff 2024 by sharing that the earlier article, "Prepare for the Soft Market: Why You need to Set Performance Metrics Now" by myself and Tony Buckle has now been published in Insurance Journal. If you didn't read it before, you now have the opportunity to access it 🆓 . I am pleased to see that there has been a lot of interest in this topic. 📈 Our previous article (part 1 of this series entitled "Viewpoint: Get Ready Now for the Soft Market (Because It’s Coming)") was one of the top 10 International Insurance Journals Stories of 2023. https://lnkd.in/dKaXf3ht Reading some of the news this week, I think this is a subject that is increasingly swinging into focus: Insider US: Will the cyber market go into freefall in 2024? https://lnkd.in/dHpBxWfe Commerical Risk online: D&O market to soften further in 2024 https://lnkd.in/dSkbgxqu #specialtyinsurance #commercialinsurance #cyclemanagement #kpis #thoughtleadership #uwx Catrin Shi, Stuart Collins
Prepare for the Soft Market: Why You Need to Set Performance Metrics Now
insurancejournal.com
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3moCongrats !