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Willis Towers, The Hartford Partner for Captive Solution
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Willis Towers Watson Public Limited Company has partnered with The Hartford and confirmed the launch of a group captive solution known as Homestead Insurance Company Incorporated Cell (Homestead). It is designed for upper middle-market companies.
The newly launched Homestead will reinsure The Hartford, which will issue admitted insurance policies to members. The members will get the benefit of competitive premiums and lower long-term cost compared to traditional programs. Further, members will also be assisted with additional savings through dividends, greater efficiency in claims handling and control over all administrative decisions of the group program.
Homestead will also offer true insurance for adverse losses from The Hartford and eliminate the cost and time involved in either a single-parent captive or traditional group program.
With the launch of Homestead, Willis Towers will be able to boost its current middle market solutions. It is a valuable risk transfer option for the company.
Willis Towers Watson, being an insurance broker, acts as an intermediary between clients and insurance carriers by advising clients on their risk management requirements, helping them to determine the best means of managing risk and negotiating and placing insurance with insurance carriers through its global distribution network.
In October 2019, it launched three new cyber insurance policies to provide the large enterprise and mid-market clients with innovative, tailored solutions, enabling them to fully assess, protect and recover losses related to cyber risk.
The company partnered with Sompo Global Risk Solutions in September 2019 to create an integrated insurance platform to serve the needs of the middle market commercial real estate segment.
Shares of this Zacks Rank #4 (Sell) company have gained 5.9% in a year, compared with the industry’s rise of 3%. The company's operational efficiencies, investment in new growth avenues and an effective capital deployment will continue to drive shares in the days ahead.
eHealth provides private health insurance exchange services to individuals, families, and small businesses in the United States and China. It beat estimates in each of the trailing four quarters, the average positive surprise being 78.40%.
CNO Financial develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It beat estimates in three of the trailing four quarters, the average positive surprise being 12.51%.
Horace Mann operates as a multiline insurance company in the United States. It underwrites and markets personal lines of property and casualty insurance. It surpassed estimates in two of the last four quarters, with the average positive surprise being 11.03%.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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Willis Towers, The Hartford Partner for Captive Solution
Willis Towers Watson Public Limited Company has partnered with The Hartford and confirmed the launch of a group captive solution known as Homestead Insurance Company Incorporated Cell (Homestead). It is designed for upper middle-market companies.
The newly launched Homestead will reinsure The Hartford, which will issue admitted insurance policies to members. The members will get the benefit of competitive premiums and lower long-term cost compared to traditional programs. Further, members will also be assisted with additional savings through dividends, greater efficiency in claims handling and control over all administrative decisions of the group program.
Homestead will also offer true insurance for adverse losses from The Hartford and eliminate the cost and time involved in either a single-parent captive or traditional group program.
With the launch of Homestead, Willis Towers will be able to boost its current middle market solutions. It is a valuable risk transfer option for the company.
Willis Towers Watson, being an insurance broker, acts as an intermediary between clients and insurance carriers by advising clients on their risk management requirements, helping them to determine the best means of managing risk and negotiating and placing insurance with insurance carriers through its global distribution network.
In October 2019, it launched three new cyber insurance policies to provide the large enterprise and mid-market clients with innovative, tailored solutions, enabling them to fully assess, protect and recover losses related to cyber risk.
The company partnered with Sompo Global Risk Solutions in September 2019 to create an integrated insurance platform to serve the needs of the middle market commercial real estate segment.
Shares of this Zacks Rank #4 (Sell) company have gained 5.9% in a year, compared with the industry’s rise of 3%. The company's operational efficiencies, investment in new growth avenues and an effective capital deployment will continue to drive shares in the days ahead.
Stocks to Consider
Some better-ranked stocks from the insurance sector are eHealth, Inc. (EHTH - Free Report) , CNO Financial Group, Inc. (CNO - Free Report) and Horace Mann Educators Corporation (HMN - Free Report) . While eHealth sports a Zacks Rank #1 (Strong Buy), CNO Financial and Horace Mann carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
eHealth provides private health insurance exchange services to individuals, families, and small businesses in the United States and China. It beat estimates in each of the trailing four quarters, the average positive surprise being 78.40%.
CNO Financial develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It beat estimates in three of the trailing four quarters, the average positive surprise being 12.51%.
Horace Mann operates as a multiline insurance company in the United States. It underwrites and markets personal lines of property and casualty insurance. It surpassed estimates in two of the last four quarters, with the average positive surprise being 11.03%.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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