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/PRNewswire/ Accelerant Holdings, the parent company of a technology and data-driven insurance risk exchange, today announced the acquisition of Kinnell. ....
Share this article Share this article LONDON and ATLANTA, March 8, 2021 /PRNewswire/ Accelerant Holdings ( Accelerant or the Company ), the parent company of an underwriting group that specializes in serving a carefully selected and managed network of member managing general agencies and program administrators ( Members ), today announced the acquisition of Commonwealth Insurance Company of America ( CICA ) from Brit Group, a subsidiary of Fairfax Financial (TSX: FFH). CICA is a Delaware domiciled admitted insurance carrier with licenses in 48 states and the District of Columbia. Along with the previously announced formation of Accelerant Specialty Insurance Company ( ASIC ), a surplus lines carrier domiciled in Arkansas, CICA is Accelerant s second owned statutory entity in the U.S. This acquisition enables the Company to serve its best-in-class Members across both non-admitted and admitted market segments. Accelerant remains rated A- (Excellent) by AM Best within it ....
Insurance Journal’s Most Noteworthy Topics of 2020: South Central Region Hurricanes, Hurricanes and Tropical Storms It can’t come as any surprise that hurricanes and tropical storms topped the list of the most read subjects of interest in Insurance Journal’s South Central region. In a North Atlantic hurricane season for the record books there were 30 named storms, of which 12 made landfall in the U.S., five of them in Louisiana alone. While the total insurance price tag for the U.S. storms was $20 billion, the amount was moderate compared to the record seasons of 2005 and 2017, according to Swiss Re. Damage was still done, as Louisiana residents who are still in recovery mode from the seemingly unending spate of storms can attest. ....
Accelerant Announces Entry into U.S. Market and Expansion of AM Best Group A- (Excellent) Rating Accelerant Announces Entry into U.S. Market and Expansion of AM Best Group A- (Excellent) Rating LONDON and ATLANTA, Dec. 21, 2020 /PRNewswire/ Accelerant Holdings (“Accelerant” or the “Company”), an underwriting group that specializes in serving a carefully selected and managed network of member managing general agencies (“MGAs”), today announced its expansion into the U.S. market, as well as AM Best s re-affirmation of its group A- (Excellent) rating. The A- mark is in AM Best s Financial Size Category VIII, for companies with $100 – $250 million in adjusted policyholders surpluses. ....
Press release content from PR Newswire. The AP news staff was not involved in its creation. Embark General takes over policies of defunct ACCC insurance company December 15, 2020 GMT SANDY SPRINGS, Ga., Dec. 15, 2020 /PRNewswire/ Embark General, through its wholly owned subsidiary Nations General Insurance Agency LLC, has agreed to the assumption of the Texas and Alabama auto insurance business of Houston based ACCC insurance company. The assumption of the business will be effective December 1st, 2020, and is still subject to final court approval. This will be Embark General’s third acquisition since its inception. ACCC insurance was placed into receivership on October 21st, 2020, at the request of the Texas Department of Insurance and the application for liquidation was filed November 24th, 2020. ACCC is privately held and offers its insurance products in Alabama, Georgia, Mississippi, New Mexico and South Carolina. ....