BriteCore’s Post

Below is a link to Insurance Business America's report on Hagerty's earnings this week, titled "Hagerty outlines improved financials in Q2." To us, success is built around serving members, great service and delivering an excellent value proposition. Our team, which we call One Team Hagerty, delivers on those promises every day. https://bit.ly/3WWgflm #Hagerty #HGTY #insurance #automotive #letsdrivetogether

Brit Insurance H1 Martin Thompson "I am pleased to report a strong overall performance for the first half of 2024, with an undiscounted combined ratio of 80.5% (restated 30 June 2023: 82.3%), discounted combined ratio of 70.1% (restated 30 June 2023: 72.0%), and a profit before tax from continuing operations of $362.4m (restated 30 June 2023: $300.0m). These results reflect our clear strategic focus on driving performance and profitability rather than targeting overall premium growth. Looking ahead to the second half of the year and beyond, our diversified and balanced portfolio makes us well placed to benefit from the breadth of Brit’s underwriting and our strong relationships, while remaining mindful of evolving market dynamics. Our strategy, positioning and unique culture gives me great confidence in the outlook for Brit." https://lnkd.in/ekVriHze..

💡 Hagerty Re Stays Steady as Parent Company Expands: Acquisition No Threat to Ratings 📍 Good news for Hagerty Re! Despite parent company Hagerty's purchase of Consolidated National Insurance Company, AM Best assures no impact on Hagerty Re's credit ratings. This strategic move, designed to widen Hagerty's insurance offerings, won't harm Hagerty Re's financial strength in the near term. However, AM Best will monitor the acquisition closely, prepared to adjust ratings if necessary. 📍 In short, Hagerty Re can navigate this expansion while maintaining its financial stability. #insurance #insurtechinsights #insuranceinnovation https://lnkd.in/ehbpQhH5

Your journey to success involves more than just hard work. It requires smart strategies and essential security. Especially crucial? Business insurance. It's not just a safety net; it's a cornerstone of your business's resilience. As your #GoodNeighbor, we're here to shield your business, allowing you to focus on growth and success. Embrace these tips and watch your business soar to new heights! 💼🛡️ 📍628 Eagles Landing Pkwy, Stockbridge, GA 30281 ☎️ (770) 474-6878 #businessinsurance #goodneighbor #statefarm #stockbridge #georgia #stockbridgeinsurance #youragentandygawron #andygawroninsurance

Spending time with rising stars - just one of the many reasons I love working at Ecclesiastical Insurance UK. We invited a group of brokers, mostly new to the industry or high net worth, to join us and Doerr Dallas Valuations for an extraordinary experience. With no ropes and carpets unrolled, we had unrestricted access to a fabulous historic house to discuss how to understand the true value of collectables and avoid underinsurance. Watch the video to see what we experienced ⬇️ #Growth #Insurance #Specialist 

Landmark Fidelis Syndicate 3123, established with members’ agent Hampden Agencies Limited, is to use “modernised” freehold capacity in a boost to Lloyd's private capital investors.    As the largest provider of capital to Lloyd's, Hampden Agencies is excited to introduce Fidelis Syndicate 3123, a landmark partnership with Fidelis Insurance Group, featuring an innovative freehold capacity model at Lloyd’s. This approach appeals to investors with its promise of increased valuation and ensures operational flexibility for the expansive needs of the $4bn Fidelis operations led by Richard Brindle.    The syndicate, managed by seasoned Fidelis underwriter Daniel O’Connell, targets an ambitious $450 million GWP by 2025, spanning various insurance classes such as property, political risk and aviation.    Endorsed by Lloyd's leadership, this initiative marks a significant step in harnessing private capital and our continued commitment to our clients to develop new opportunities within Lloyd's.    To find out more, read the full article from The Insurer at - https://lnkd.in/eufFQ4vc #LloydsofLondon #HampdenAgenciesLimited #FidelisInsuranceGroup #TheFidelisPartnership  #lloydsoflondon #investment  #capitalmanagement   #assetmanagement #hnwi   #familyoffices  #londonmarket  #familyoffice  #insuranceindustry  #insuranceagency  #insuranceadvisor #insurance  #insurancepodcast  #reinsurance #insuranceindustry #insuranceagency #insuranceadvisor (Capital may be at risk)

BRINDLE'S BACK - WHY NOW AND WHY NAMES? Something you may have let fall into the void of the Easter Break, but should fish out and read in full is this fascinating piece by Adam McNestrie and Ben Wylie at Insurance Insider (sub required). Brindle back to Lloyd's is always a surprise, (it was a total shock last time when Lancashire bought Cathedral in the late Brindle era of 2013) but Brindle back at Lloyd's with Names' backing is much more of a surprise. Lots of questions: Why exactly? Why involve Names when Fidelis has plenty of capital? What does Fidelis balance sheet think about this? What do Fidelis balance sheet shareholders think about it? A natural speculative secondary thought also follows: Now this has happened, surely Convex will be next? All will be revealed, but it's certainly a vindication of the now fully-revived attractions of the Lloyd's platform. #insurance #reinsurance # https://lnkd.in/eUA5fShs

Discover the career path you never knew existed: captive insurance! Learn more from VCIA’s Vermont Captive Insurance Emerging Leaders Initiative (VCIEL), a group aimed at nurturing and supporting budding professionals in this dynamic industry. Hear from Vermont captive industry’s rising stars, like Brittany Nevins, Jenni Gagnon, Maigh Wright and more as they share firsthand stories of how they stumbled into the captive world and thrived! Dive into the article here: https://lnkd.in/eZMsbw8u #CaptiveInsurance #EmergingLeaders #Vermont

➡️ Meet Camelot Expert Simon Torrance, he has been a Camelot Expert for 3 years. Simon’s favourite quote is “I skate to where the puck’s going to be, not where it is now” 👉 Follow the link to read all about it: https://lnkd.in/et5f3cCy #Camelot #insurance #insuranceindustry #CamelotExpert #Expertspotlight

Dreaming of a career with purpose? Vermont's VCIEL programme is paving the way! Dive into the latest issue of Captive Insurance Times to uncover how VCIEL is shaping the future of the industry by educating and empowering aspiring professionals: https://lnkd.in/eMFKV_tJ #CareerGoals #CaptiveInsurance