Americans will need to take pandemic precautions well into 2021 — yes, even after a vaccine arrives.
— NYT: Aaron E. Carroll
Americans will need to take pandemic precautions well into 2021 — yes, even after a vaccine arrives.
— NYT: Aaron E. Carroll
BLOOMFIELD, N.J.–(BUSINESS WIRE)–Alliance Advisors, a leading independent proxy solicitation and governance advisory firm, is pleased to announce that Thomas M. Ball has joined the firm as a Senior Vice President in the Proxy Solicitation Group.
Tom has over 40 years of experience in mergers and acquisitions, corporate governance consulting, shareholder activism and the inner workings of the proxy solicitation process. Tom was most recently Senior Managing Director at Morrow Sodali LLC., earning wide respect among clients and advisors for delivering results in numerous of high-profile contested votes, thousands of proxy solicitations and hundreds of tender offers – both domestic and international.
“In our industry, there are few people with the level of expertise in managing high-profile assignments, with complicated issues for corporations across the globe. Tom, an industry colleague and friend for years, will bring excellent interpersonal skills to our team and develop real-world strategies to meet the needs of our clients. I’m very pleased to have him join our team,” said Peter Casey, Executive Vice President and head of Alliance’s M&A Group.
“Alliance has a tremendous reputation for providing personalized, client-focused solutions,” commented Ball. “They understand the value of working together to find the optimal solution in very complex and contentious situations. I am very excited to join a firm with a deep bench of industry veterans with such diverse skills and I look forward to working with them to continue providing world-class service and advice to our clients.”
“We are thrilled to have obtained such a valuable asset with Tom and look forward to adding his expertise to Alliance’s arsenal of offerings,” said Reid Pearson, Executive Vice President who heads Alliance’s Governance Advisory Group.
About Alliance Advisors:
Alliance Advisors is a multi-faceted proxy solicitation and corporate advisory firm that services over 450 corporations worldwide. The firm is a single source solution for corporate executives and Boards as well as law firms and IR agencies for all proxy and governance related matters.
Contacts
Peter Casey, Executive Vice President
973-873-7710
OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Hawaii Dental Service (Honolulu, HI). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in the interactive rating process.
The ratings reflect Hawaii Dental Service’s balance sheet strength, which AM Best categorizes as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
The rating affirmations reflect Hawaii Dental Service’s strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), supported by a history of favorable operating performance. Hawaii Dental Service has experienced a trend of strong earnings with high single-digit to low double-digit return on revenue and return on equity. Furthermore, the company has grown net premiums over the past five years via new sales and membership retention.
Offsetting factors include business concentration risk as the business is concentrated in dental products in Hawaii. However, the company has strong brand name recognition as it utilizes the Delta Dental brand name and trademarks. Additionally, Hawaii Dental Service has a growing exposure to mutual funds, which composed approximately 50% of the company’s invested assets at year-end 2019. However, this exposure is slightly mitigated as bond funds represented approximately one-third of mutual funds.
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 media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media – Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.
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 New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2020 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
Contacts
Brian Virostek
Financial Analyst
+1 908 439 2200, ext. 5531
brian.virostek@ambest.com
Sally Rosen
Senior Director
+1 908 439 2200, ext. 5280
sally.rosen@ambest.com
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com
OLDWICK, N.J.–(BUSINESS WIRE)–In this episode of AMBestTV, David Blades and Robert Raber, both associate directors, AM Best, said some excess and surplus lines insurers experienced a 15-year high in premium gains during 2019. Click on http://www.ambest.com/v.asp?v=surpluslines920 to view the entire program.
Blades highlighted the level of U.S. surplus lines business volume in 2019.
“The U.S. surplus lines premium volume increased considerably,” said Blades. “In particular, U.S. surplus lines companies that write more than 50% of their total business on a surplus lines basis increased their direct premium written by almost 15%, the highest level of growth since 2006. The entire surplus lines market, including business that is written by the Lloyd’s market syndicates, grew by 11.2% in 2019.”
Raber said the COVID-19-fueled economic shifts that have impacted the surplus lines market.
“The flow of new businesses definitely changed in two different directions,” said Raber. “First, there was a temporary decline in new business coming into the U.S. surplus lines market beginning in late March and into early April, as the stay-at-home and shelter-in-place orders were implemented across the country. At the same time, rates are continuing to rise. AM Best’s expectation is that conditions are going to persist in the short term for the continuing rising of rates, as it continues to be a hardening market.”
Looking at the balance of 2020 and into 2021, AM Best anticipates this sector will continue to show resiliency.
To access the related market segment report, titled, “Expanding Opportunities Bolster Surplus Lines Growth and Operating Results,” please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=300916.
Recent AMBestTV coverage includes:
AM BestTV covers exclusive AM Best and insurance industry information and reports, targeted topics and key developments in the insurance, reinsurance and related sectors daily. Sign up for alerts of episodes at www.ambest.com/multimedia/ambtvsignup.html. View AM BestTV episodes at www.ambest.tv.
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 New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2020 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
Contacts
Lee McDonald
Group Vice President, Publication and News Services
+1 908 439 2200, ext. 5561
lee.mcdonald@ambest.com
Los Angeles Rams head coach Sean McVay says he will “do a better job” wearing his mask after the NFL sent out a memo reminding all coaches of the requirement to wear face coverings while on the sidelines after several were seen without them during Sunday’s games.
— FOX News: Paulina Dedaj
This is like finding out Santa Claus isn’t real.
— FOX News: Michael Hollan
An immigration detention center in Georgia performed questionable hysterectomies, refused to test detainees for COVID-19 and shredded medical records, according to a nurse quoted in a complaint filed Monday.
— FOX News
The Office of the Inspector General that independently oversees the Justice Department is examining the sentencing recommendation for GOP operative Roger Stone, a DOJ source confirmed to Fox News.
— FOX News: Evie Fordham
Carole Baskin’s big debut on “Dancing with the Stars” was somewhat interrupted on Monday night due to drama stemming from the Netflix “Tiger King” documentary.
— FOX News: Melissa Roberto