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A.M. Best Places Credit Ratings of NORCAL Group’s Members Under Review With Negative Implications

December 10, 2019 by matray

A.M. Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of the members of NORCAL Group (NORCAL). (See below for a detailed listing of the companies.) The under review status follows NORCAL’s third-quarter 2019 results, which included $30 million of adverse ...

ProAssurance Declares Quarterly Dividend, Announces Annual Shareholder Meeting Date

December 10, 2019 by matray

The Board of Directors of ProAssurance Corp. declared a cash dividend of $0.31 per common share, payable on Jan. 14, 2020, to shareholders who own our stock as of Dec. 27, 2019. “The dividend declared today reflects our ongoing commitment to our customers and shareholders,” said Edward L. Rand, Jr., president and chief executive officer. ...

Hub International Acquires Nebraska-based SilverStone Group

December 5, 2019 by matray

Hub International Ltd. announced that it has acquired SilverStone Group. Terms of the transaction were not disclosed. With SilverStone, the company creates a new regional hub to be called Hub Great Plains, which will include and cover existing operations in Omaha, Neb.; Sioux Falls, S.D.; and St. Paul, Minn. Headquartered in Omaha, Neb., with additional ...