Insurance News

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2025 first quarter net income of $44.4 million, or $1.04 per diluted share, as compared to 2024 fourth quarter net income of $50.0 million, or $1.18 per diluted share. The decline was primarily driven by a higher loan loss provision. These financial results include pre-tax merger-related costs of $1.2 million and $1.9 million for the first quarter of 20...

TOPEKA, Kan.--(BUSINESS WIRE)--SBL Holdings, Inc. (“Security Benefit”), the parent of Security Benefit Life Insurance Company, today announced that the annual dividend rate on its 7.000% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A will reset in May as provided in the Series A terms. The rate will be reset to a benchmark of five-year U.S. Treasury yields to maturity plus a spread of 5.58%. No Series A shares will be redeemed in connection with the reset, and the reset requires no a...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a-” (Excellent) of the operating subsidiaries of The Fortegra Group, Inc. (Fortegra) (headquartered in Jacksonville, FL). Fortegra is a wholly owned subsidiary of its publicly traded parent company, Tiptree Inc. [NASDAQ: TIPT]. The property/casualty (P/C) operating subsidiaries of Fortegra include Lyndon Southern Insurance Compan...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has downgraded the Financial Strength Rating to B- (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb-” (Fair) from “bbb-” (Good) of PrimeOne Insurance Company (Dallas, TX) (PrimeOne), a wholly own subsidiary of PrimeOne Insurance Group. The outlook of these Credit Ratings (ratings) has been revised to negative from stable. The ratings reflect PrimeOne’s balance sheet strength, which AM Best assesses as adequate, as well as its marginal o...

SACRAMENTO, Calif.--(BUSINESS WIRE)--Inszone Insurance Services, a leading national provider of commercial, personal, and employee benefits insurance, is pleased to announce its recent acquisition of Davidson Insurance Agency Group, LLC. Located in Missouri, Davidson Insurance Agency has proudly served local businesses, families, and individuals since its founding in 1970, building a strong reputation for personalized and comprehensive insurance solutions. Originally established by Carrick Davi...

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-” (Excellent) of North End Re Ltd. (Bermuda). The outlook of these Credit Ratings (ratings) is stable. The ratings were released publicly with an effective date of April 16, 2025. The ratings reflect North End Re Ltd.’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and...

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Unum Group (NYSE: UNM) has been named a 2025 Business Ethics Leadership Alliance (BELA) Community Champion by Ethisphere. This recognition is given for outstanding contributions to the BELA member community — a global network of companies that recognize the inherent value of promoting ethical leadership and a world-class compliance culture. Active participation in knowledge sharing, regulatory relationship building, and continuous learning were key factors i...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Knight Insurance Company Ltd. (Cayman Islands), KnightBrook Insurance Company, Knight Specialty Insurance Company (both of Wilmington, DE) and Guilderland Reinsurance Company (New York, NY). These companies collectively are referred to as Knight. The Credit Ratings (ratings) of Knight...

WASHINGTON--(BUSINESS WIRE)--GEICO is proudly honoring seven members of the United States military with its 2024 GEICO Military Service Awards. These awards commemorate the immeasurable sacrifices, unwavering dedication, and invaluable contributions of enlisted service members. GEICO’s Military Service Awards, which have recognized members of the U.S. military since 1988, not only acknowledge the distinguished leadership commitment these individuals exemplify while in uniform, but also highligh...

SAN MATEO, Calif.--(BUSINESS WIRE)--Guidewire announced that its PartnerConnect ecosystem partners have now earned more than 250 specializations & unveiled 2 new Digital specializations...