Alwen Hough Johnson Limited

Cision PR Newswire | September 04, 2020

FastTrack, a leading provider of insurtech solutions for the Life & Disability insurance industry, announced today the completion of their migration to a cloud-computing platform. The project resulted in a transition to Microsoft Azure for their entire suite of solutions and was completed without any service disruption to its customers. Leveraging the hosting platform's ability to handle the multiple coding languages employed by FastTrack demonstrates their continued dedication to using ...

Core Insurance

CopperPoint Insurance Companies | January 28, 2022

CopperPoint Insurance Companies, a western-based super regional commercial insurance company, announced today that AM Best has affirmed the Financial Strength Rating of A (Excellent) for CopperPoint Insurance Company and its subsidiaries with a stable outlook. Alaska National Insurance Company has also been added as a new member to Best's rating for CopperPoint Insurance Group. These ratings reflect the strength of CopperPoint's balance sheet, risk appetite and operating results over the...

Insurance Technology

Demotech, Inc. | April 01, 2022

Effective March 29, 2022, Demotech, Inc. withdrew the Financial Stability Ratings® (FSRs) previously assigned to Lighthouse Property Insurance Corporation and Lighthouse Excalibur Insurance Company. Despite a substantial capital contribution in the fourth quarter 2021, the operating loss in 2021, which reflected the evaluation of losses and loss adjustment expenses associated with Hurricane Ida, resulted in a level of capitalization below what was needed ...

DARAG | January 21, 2020

DARAG has successfully reached a reinsurance agreement with a major insurance company. The loss portfolio transfer between DARAG Insurance Guernsey Limited (DIGL) and a multinational insurance company (whose identity has not been disclosed) with subject reserves over $100 million has closed. A release said that DIGL is providing economic and operational finality for the counter-party’s US general liability book of business. TigerRisk served as an advisor to both parties in closing the deal...