Business News

July 14, 2016
SUNZ Unveils New Brand Identity

SUNZ Insurance Company, which provides large deductible workers’ compensation programs to Professional Employer Organizations (PEOs), staffing agencies and self-insured employers, launched its new brand identity. The new brand identity includes a new corporate logo and a re-designed website, It is being launched in conjunction with the staff moving to the new corporate office space in Bradenton, Florida.

The new logo visually presents the company as modern and forward-thinking, reflects the mission to enable seamless, cohesive services, and underscores its commitment to a partnership with policyholders for the long-term.

The new website brings the culture and core beliefs of SUNZ to the global network. It has a clean uncluttered design, improved functionality and enhanced rich content focused on the SUNZ mission to provide hands-on, personalized service and a flexible approach to workers’ compensation programs. The site will be updated on a regular basis with business activities, corporate milestones, events, and noteworthy information. Visitors are encouraged to explore the website on regular basis.

Swiss Re Capital Markets Places $100M Cat Bond for United Property & Casualty Insurance Company

Swiss Re Capital Markets successfully structured and placed the issuance of $100 million of insurance-linked securities by Laetere Re Ltd. on behalf of United Property & Casualty Insurance Company, Family Security Insurance Company, Inc. and Interboro Insurance Company (together, “UPC”). The transaction is UPC’s debut catastrophe bond and covers named storms and earthquakes affecting certain coastal states of the U.S.

Swiss Re Capital Markets underwrote the transaction via three classes of principal at-risk variable rate notes issued by Laetere Re Ltd. Laetere Re Ltd. is a Bermuda exempted company registered as a special purpose insurer under the Bermuda Insurance Act 1978 and related regulations, each as amended.

Each of the $30 million Class A notes, the $40 million Class B notes and the $30 million Class C notes has a one-year risk period starting June 1, 2016 and was structured as a discount note. The respective reinsurance agreements provide UPC with cascading per occurrence indemnity protection against named storms and earthquakes affecting certain states of the U.S.

Swiss Re Capital Markets acted as the sole structuring agent and sole bookrunner.

The Laetere Re Ltd. notes were sold pursuant to Rule 144A of the U.S. Securities Act of 1933, as amended (the “Securities Act”) and have not been registered under the Securities Act or any state securities laws; they may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject, to the registration requirements of the Securities Act and applicable state securities laws.

FAS Global Expands Global Footprint

In a move that reflects the growth in demand for global forensic analysis, Cunningham Lindsey has expanded FAS Global, an independent division providing financial forensics and investigation services for a diverse range of industries, across a global footprint of offices located in the United States, Canada, United Kingdom, Singapore, Australia and New Zealand.

Specializing in the quantification of business interruption and financial losses incident to insurance claims, FAS Global will work closely with Cunningham Lindsey’s Major and Complex Loss (MCL) team in order to offer a worldwide service to insurers and policyholders, particularly in the areas of catastrophe and major loss quantification. FAS Global experts also work with the legal profession to assist in a wide range of contentious matters and disputes, and provide expert witness testimony.

FAS Global’s clients include: insurers; lawyers; and public entities; and the range of services offered includes: analysis of financial aspects of insurance claims (business interruption and stock losses), expert witness work; business valuations; dispute resolution and fraud investigation.

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