Latest news with #YizhouHong
Yahoo
6 days ago
- Business
- Yahoo
AM Best Assigns Issue Credit Rating to Spinnaker Insurance Company's New Surplus Notes
OLDWICK, N.J., June 04, 2025--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating of "bbb" (Good) to the $50 million, 9.5% surplus notes, due March 2040, issued by Spinnaker Insurance Company (Spinnaker) (Chicago, IL). The outlook assigned to this Credit Rating (rating) is stable. The notes are issued to unaffiliated external parties. The proceeds from the issuance of these surplus notes are expected to be used to redeem existing affiliated surplus notes from Spinnaker's parent, Hippo Holdings Inc., and to build capital and surplus to support future growth. Spinnaker's financial leverage and interest coverage ratios will remain within AM Best's guidelines for its current ratings. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Yizhou Hong Senior Financial Analyst +1 908 882 1692 Jacqalene Lentz Senior Director +1 908 882 2011 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318
Yahoo
6 days ago
- Business
- Yahoo
AM Best Assigns Issue Credit Rating to Spinnaker Insurance Company's New Surplus Notes
OLDWICK, N.J., June 04, 2025--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating of "bbb" (Good) to the $50 million, 9.5% surplus notes, due March 2040, issued by Spinnaker Insurance Company (Spinnaker) (Chicago, IL). The outlook assigned to this Credit Rating (rating) is stable. The notes are issued to unaffiliated external parties. The proceeds from the issuance of these surplus notes are expected to be used to redeem existing affiliated surplus notes from Spinnaker's parent, Hippo Holdings Inc., and to build capital and surplus to support future growth. Spinnaker's financial leverage and interest coverage ratios will remain within AM Best's guidelines for its current ratings. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Yizhou Hong Senior Financial Analyst +1 908 882 1692 Jacqalene Lentz Senior Director +1 908 882 2011 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
AM Best to Host Briefing Exploring Dynamic Developments in the Delegated Underwriting Authority Enterprise Segment
OLDWICK, N.J., May 15, 2025--(BUSINESS WIRE)--A panel of senior AM Best analysts and industry experts will explore the dynamic developments within the Delegated Underwriting Authority Enterprises (DUAE) segment during a special briefing on June 5, 2025, at 10:00 a.m. ET. The Best's Briefing, "DUAEs: Specialization and Technological Expertise Portend Success in the Evolving Competitive Landscape," will explore key 2024 performance trends, and evolving market structures, as well as offer a comprehensive view into the future of the DUAE market, which has become an important part of the insurance value chain. The panel includes Matthew LuBien, president, K2 Insurance Services, as well as Yizhou Hong, senior financial analyst, and Jacqalene Lentz, senior director, Commercial & Specialty, both of AM Best. AM Best Senior Associate Editor John Weber will moderate the panel discussion. The briefing will touch on the findings of forthcoming annual Best's Market Segment Report on the state of the DUAE market. Discussion topics also will include a look at technology-driven models and how they respond to pressures in commissions, carrier relationships and capital requirements; a discussion on recent M&A activity and valuation trends that are shaping the landscape; what's moving the needle for innovation and underwriting excellence with digital MGAs and startups; and AM Best's outlook on the segment. AM Best uses DUAE as a blanket term to capture MGAs, managing general underwriters, coverholders, program administrators, program underwriters, underwriting agencies, direct authorizations and appointed representatives. For more information about the webinar, please visit the event and registration webpage, or follow the event at @AMBestCo and use the hashtag #AMBestDUAEs. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318
Business Wire
15-05-2025
- Business
- Business Wire
AM Best to Host Briefing Exploring Dynamic Developments in the Delegated Underwriting Authority Enterprise Segment
BUSINESS WIRE)--A panel of senior AM Best analysts and industry experts will explore the dynamic developments within the Delegated Underwriting Authority Enterprises (DUAE) segment during a special briefing on June 5, 2025, at 10:00 a.m. ET. The Best's Briefing, 'DUAEs: Specialization and Technological Expertise Portend Success in the Evolving Competitive Landscape,' will explore key 2024 performance trends, and evolving market structures, as well as offer a comprehensive view into the future of the DUAE market, which has become an important part of the insurance value chain. The panel includes Matthew LuBien, president, K2 Insurance Services, as well as Yizhou Hong, senior financial analyst, and Jacqalene Lentz, senior director, Commercial & Specialty, both of AM Best. AM Best Senior Associate Editor John Weber will moderate the panel discussion. The briefing will touch on the findings of forthcoming annual Best's Market Segment Report on the state of the DUAE market. Discussion topics also will include a look at technology-driven models and how they respond to pressures in commissions, carrier relationships and capital requirements; a discussion on recent M&A activity and valuation trends that are shaping the landscape; what's moving the needle for innovation and underwriting excellence with digital MGAs and startups; and AM Best's outlook on the segment. AM Best uses DUAE as a blanket term to capture MGAs, managing general underwriters, coverholders, program administrators, program underwriters, underwriting agencies, direct authorizations and appointed representatives. For more information about the webinar, please visit the event and registration webpage, or follow the event at @AMBestCo and use the hashtag #AMBestDUAEs.
Yahoo
15-05-2025
- Business
- Yahoo
AM Best to Host Briefing Exploring Dynamic Developments in the Delegated Underwriting Authority Enterprise Segment
OLDWICK, N.J., May 15, 2025--(BUSINESS WIRE)--A panel of senior AM Best analysts and industry experts will explore the dynamic developments within the Delegated Underwriting Authority Enterprises (DUAE) segment during a special briefing on June 5, 2025, at 10:00 a.m. ET. The Best's Briefing, "DUAEs: Specialization and Technological Expertise Portend Success in the Evolving Competitive Landscape," will explore key 2024 performance trends, and evolving market structures, as well as offer a comprehensive view into the future of the DUAE market, which has become an important part of the insurance value chain. The panel includes Matthew LuBien, president, K2 Insurance Services, as well as Yizhou Hong, senior financial analyst, and Jacqalene Lentz, senior director, Commercial & Specialty, both of AM Best. AM Best Senior Associate Editor John Weber will moderate the panel discussion. The briefing will touch on the findings of forthcoming annual Best's Market Segment Report on the state of the DUAE market. Discussion topics also will include a look at technology-driven models and how they respond to pressures in commissions, carrier relationships and capital requirements; a discussion on recent M&A activity and valuation trends that are shaping the landscape; what's moving the needle for innovation and underwriting excellence with digital MGAs and startups; and AM Best's outlook on the segment. AM Best uses DUAE as a blanket term to capture MGAs, managing general underwriters, coverholders, program administrators, program underwriters, underwriting agencies, direct authorizations and appointed representatives. For more information about the webinar, please visit the event and registration webpage, or follow the event at @AMBestCo and use the hashtag #AMBestDUAEs. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
