The negative outlooks are based on the declining trend in Vermont Mutual’s risk-adjusted capitalisation in recent years, which has created pressure on its overall balance sheet assessment.
Ovation Home Insurance Exchange is the most recent approval, followed by Manatee Insurance Exchange, Condo Owners Reciprocal Exchange and Orange Insurance Exchange.
This year’s conference speaker lineup ranges across government and association officials, business leaders, entrepreneurs and industry visionaries.
The collaboration aims to serve a range of clients, including large corporations with captives, Lloyd’s syndicates and insurance-linked securities funds, promoting the benefits of parametric solutions.
The ratings reflect NICI’s balance sheet strength, which AM Best assesses as “very strong”, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
The agreement includes US$12.5 billion of reserves backing Prudential’s guaranteed universal life policies issued by its subsidies Pruco Life and Pruco Life of New Jersey.
Adamo will lead Altitude’s property portfolio while Baumann is responsible for casualty and financial and professional liability.
SRMS manages a property insurance programme for businesses in Florida, while PCIS specialises in commercial risks, condominium associations and personal lines.
