777 Re Ltd Announces Two Reinsurance Transactions HAMILTON, BERMUDA – 777 Re Ltd (“777 Re”), a Bermuda-based reinsurance company, has announced the completion of two reinsurance transactions with US based insurance companies. Under the agreements, the direct writers will continue to service and administer the policies. The transactions will cover a quota share of newly...
Original Article: https://www.theinsurer.com/news/sutton-national-to-retain-up-to-20-on-programs/11880.article Sutton National will seek to differentiate itself in the fronting space with its ability to take up to 20 percent of the risk on certain programs as the start-up addresses an attractive pipeline of deals after securing an A- rating from AM Best earlier today, The Insurer can reveal. Sutton National,...
Original article: https://www.businesswire.com/news/home/20201020005926/en/AM-Best-Assigns-Credit-Ratings-to-Sutton-Specialty-Insurance-Company-and-Sutton-National-Insurance-Company OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-“ to Sutton Specialty Insurance Company and Sutton National Insurance Company. The outlook assigned to these Credit Ratings (ratings) is stable. Sutton Specialty and Sutton National collectively are referred to as Sutton...
GSRM LLC, a wholly owned subsidiary of Fanatiz, will be closing today the acquisition of 100% of TVO Sport SpA (aka 1190 Sports), a Chilean stock company. 777 has agreed to fund additional money to Fanatiz so they can close the acquisition and for working capital. The total commitment amount is $2 million, payable over...
Women’s Super League agrees NBC rights contract New Atalanta Media partnership also brings in DAZN deals for Germany and Italy. Posted: September 2 2020 By: Tom Bassam WSL to see first games broadcast on US TV via NBCSN Contract covers 50 matches, with 12 getting linear distribution DAZN adds 44-game package for German and Italian...
FOR IMMEDIATE RELEASE CONTACTS: Kate Steffanelli Senior Financial Analyst +1 908 439 2200, ext. 5063 kate.steffanelli@ambest.com Christopher Sharkey Manager, Public Relations +1 908 439 2200, ext. 5159 christopher.sharkey@ambest.com Michael Adams Associate Director +1 908 439 2200, ext. 5133 michael.adams@ambest.com Jim Peavy Director, Public Relations +1 908 439 2200, ext. 5644 james.peavy@ambest.com AM Best Removes...
The London Lions have earned a berth in the Basketball Champions League, Qualifying Rounds for the 2020-21 season, representing the city of London in European basketball for the first time since the turn of the century. “Just…imagine bringing a team from (for example) Israel, Greece, or Lithuania to London on Wednesday night, with the place...
London-listed R&Q has raised $100M in fresh equity as it expects the Covid-19 crisis to create “considerable future opportunity” for the group’s legacy acquisitions and program underwriting services, the company announced this morning. Backing the issue – the equivalent of 27 percent of the group’s £300M market cap prior to the placing – is existing...
Global Sports Rights Management (GSRM) is poised to secure the international broadcast rights to Brazilian football’s top two leagues after being chosen by the nominated clubs commission. The clubs met via video conference on Friday afternoon to vote for their preferred proposal gave their backing to GSRM. The Brazilian Football Confederation (CBF) and the National...
Brickell Insurance Holdings, an affiliate of 777 Partners, a Miami based investment firm, has acquired Merit Life Insurance Co., a Texas domiciled insurance company, from OneMain Holdings. Terms of the transaction are not being disclosed. Under new leadership, Merit will deliver innovative products to the pre-retirement and retirement markets. Merit’s first product will be an...
