Ensurem Enters Into $100 Million Credit Facility with DZ BANK March 2, 2022 LARGO, FL – Ensurem, a Florida-based insurance technology and distribution company, today announced that it has entered into a $100 million credit facility with DZ BANK. This facility refinances existing debt and allows Ensurem to meaningfully increase the marketing and distribution of...
AM Best Assigns Credit Ratings to 777 Re. Ltd. November 03, 2021 11:58 AM Eastern Daylight Time 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-” (Excellent) to 777 Re. Ltd. (Hamilton, Bermuda). The outlook assigned to these Credit Ratings (ratings) is stable. The...
September 23, 2021 – 777 Partners, a Miami-based alternative investment firm, has acquired full ownership of Genoa Cricket and Football Club, Italy’s oldest professional football team. Genoa C.F.C. (“Genoa”), which plays in Italy’s prestigious Serie A, was established in 1893 and has won the Italian championship nine times. The new ownership group will purchase 99.9%...
MIAMI, FL – 777 Partners – a leading private investment firm across insurance, consumer and commercial finance, litigation finance, aviation, as well as media and entertainment verticals – announced today that financial and technology industry veteran Prasad Hedge has joined the firm as Chief Operating Officer. With more than two-and-a-half decades of global financial, high-level...
CLEARWATER, FL – Florida-based insurance technology and product distribution company, Ensurem, announced today that it has been acquired by 777 Partners, a Miami-based private investment firm. The financial terms of the deal were not disclosed. This acquisition follows several years of significant growth at Ensurem. In 2020, Ensurem was named the fastest growing company in...
Agreement includes purchase rights for 60 additional airplanes 777 Partners will lease the 737-8s to its affiliated operating ultra-low-cost carriers SEATTLE, March 12, 2021 — Boeing [NYSE:BA] and private investment firm 777 Partners announced today an agreement to add 24 737-8s to the firm’s diverse aviation portfolio, with purchase rights for an additional 60 airplanes....
Brickell completes Randall & Quilter share exchange 22 January, 2021 In accordance with the exchange conditions of the subscription made by Brickell Insurance Holding LLC (“Brickell”) in April 2020, R&Q is pleased to announce the completion of the share exchange and the allotment of shares to Brickell in exchange for the transfer of its shares...
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...
