Reinsurance News
Horace Mann
Trisura Group reveals new senior management team
14th June 2024
Trisura Group Ltd, a specialty insurance provider operating in surety, risk solutions, and corporate insurance, announces several senior management appointments across the organisation. Richard Grant, who has been with Trisura Canada since its inception, has been appointed Chief Underwriting Officer. Initially leading the Corporate Insurance practice and most recently serving as ... Read the full article
Horace Mann reports preliminary Q2 cat losses of up to $43m
21st July 2023
Horace Mann Educators Corporation has announced preliminary Q2 catastrophe losses of between $41 million and $43 million pretax, driven by 19 events designated as catastrophes by Property Claims Services in the quarter. These events include multiple severe convective storms across the Midwest and Texas in June. Expected catastrophe losses will amount ... Read the full article
Horace Mann expects Q1 2023 core EPS of $0.21 to $0.23 despite elevated catastrophe losses
21st April 2023
Horace Mann Educators Corporation has announced that it expects first-quarter 2023 core EPS in the range of $0.21 to $0.23, despite an unusually high number of weather events throughout the quarter, including two severe storms in the Midwest in late March. This led to catastrophe losses to be well ahead ... Read the full article
Horace Mann hires Stephen McAnena as EVP & COO
12th April 2023
Financial services company, Horace Mann Educators Corporation has appointed Stephen J. McAnena as Executive Vice President and Chief Operating Officer, effective May 8, 2023. In the roles, McAnena will work closely with Marita Zuraitis, Horace Mann’s President and Chief Executive Officer. McAnena joins Horace Mann from Farmers Insurance where he held the ... Read the full article
Horace Mann anticipates Q4 P&C segment loss up to $29m
25th January 2023
Horace Mann Educators Corporation has announced that it expects Q4 2022 Property & Casualty segment loss between $25 million and $29 million following a "significant impact from late-in-quarter severe weather." The firm's President and CEO, Marita Zuraitis, commented, “Winter Storm Elliott, which spanned more than 30 states between December 21-25, resulted ... Read the full article
Horace Mann reports net income of $14mn in Q3 results
4th November 2022
Horace Mann Educators Corporation, an insurance and retirement solutions company for US educators and school employees, has reported a net income of $14 million for the third quarter of 2022, a 14.7% decrease from last years $16.3 million. The company’s Property & Casualty (P&C) net premiums written were slightly above last ... Read the full article
Horace Mann warns ahead of Q2 cat losses, lowers profit guidance
14th July 2022
Horace Mann Educators Corporation, an insurance and retirement solutions company for US educators and school employees, has warned that its results for the second quarter of the year will be impacted by higher than expected catastrophe losses. The company expects to book Q2 cat losses of between $44 million and $47 ... Read the full article
Horace Mann acquires Madison National Life
20th January 2022
Horace Mann Educators Corporation, an insurance and retirement solutions company for US educators and school employees, has completed its acquisition of Madison National Life Insurance Company, Inc. Madison National Life is a provider of group life, disability and specialty health insurance for educators and public sector employees. The transaction was funded with ... Read the full article
Horace Mann faces $40mn in Q3 cat losses, more than half from Ida
5th October 2021
Horace Mann Educators Corporation, an insurance and retirement solutions company for US educators and school employees, has estimated that its catastrophe losses for the third quarter of 2021 will be between $35 million and $40 million, pre-tax. Notably, $20 million to $25 million of this figure is expected to be driven ... Read the full article
Horace Mann appoints Mark Desrochers to lead P&C
3rd April 2020
Horace Mann Educators Corporation, an insurance and retirement solutions company for US educators and school employees, has appointed senior vice president and chief corporate actuary Mark Desrochers to lead the company’s Property and Casualty business on an acting basis. William Caldwell has resigned from his role as executive Vice President, P&C ... Read the full article
RGA subsidiary in $2.9 billion annuity reinsurance deal with Horace Mann
25th June 2019
A subsidiary of global life reinsurer, Reinsurance Group of America (RGA) has completed a $2.9 billion annuity reinsurance transaction with Horace Mann Life Insurance Company, a subsidiary of Horace Mann Educators Corporation. Under the transaction, effective April 1st, 2019 RGA's subsidiary will reinsure a seasoned block of U.S. annuity business and ... Read the full article
Horace Mann anticipating $39mn hit from Camp Wildfire
7th December 2018
Horace Mann Educators Corporation, an insurance and retirement solutions company for U.S educators and school employees, has estimated that it will incur losses of between $38 million and $39 million (pre-tax) from the recent Camp Wildfire in California. The company said its estimate was net of anticipated reinsurance recoverables offset by ... Read the full article
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