20-year internet industry veteran joins executive team of mobile
NEW YORK–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/mobileadvertising?src=hash” target=”_blank”gt;#mobileadvertisinglt;/agt;–Shuttlerock,
the pre-eminent provider of mobile-first creative, today announced the
appointment of internet industry veteran Michael Steckler as its chief
revenue officer. Steckler joins the mobile video advertising company
from New York City-based digital and creative agency SocialCode, where
he held the same position.
Shuttlerock’s proprietary platform leverages designers and technology to
quickly create high-performance mobile video ads using a single visual
asset as simple as a still photo.
“I have watched Shuttlerock’s rapid industry ascent with admiration and
interest, so I am particularly pleased to come aboard and contribute to
its continued success and future expansion,” said Steckler. “eMarketer
found that U.S. video advertising spend across social platforms like
Facebook and Instagram is
expected to reach $12.48B in 2020, so the market opportunity for our
solutions – with both agencies and brands alike – is considerable. In
addition to the U.S., we see substantial potential for expansion in EMEA
Earlier in his career, Steckler worked at Microsoft, where he held a
variety of roles including planning and development director of EMEA. In
2007, Steckler joined AOL and oversaw all of its U.K. and Benelux
advertising operations and sales. From 2010 to 2017, he served in a
number of executive roles at Criteo, a Paris-based internet advertising
“Michael’s background in digital advertising is one of the most
extensive I’ve seen, and his track record of success is just as
impressive,” said Jonny Hendriksen, CEO and founder of Shuttlerock. “We
are very excited to have him join our executive team and expect that he
will be at the forefront of charting our strategic growth in 2019 and
Steckler received a Bachelor of Arts with honors from the University of
Sussex. He currently serves as an advisor to New Zealand Trade and
Enterprise, the country’s governmental agency that is chartered with
helping New Zealand companies expand their global reach.
Shuttlerock is the pre-eminent provider of mobile-first creative with
unrivaled speed and limitless scale, unlocking new potential in digital
marketing. Its proprietary platform leverages designers and technology
to quickly create high performance mobile video ads using a single
visual asset as simple as a still photo. The resulting ads allow
agencies and brands to maximize existing creative for a wider audience.
Founded in 2011, Shuttlerock is providing guidance on effective digital
marketing all over the world in over 30 languages and is one of the
leading Facebook and Instagram Marketing Partners. The company has
offices in New York, Los Angeles, Austin, Berlin, Singapore, Tokyo and
Nelson, New Zealand.
AM Best Affirms Credit Ratings of DTRIC Insurance Company, Limited and DTRIC Insurance Underwriters, Limited
HONG KONG–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A-
(Excellent) and the Long-Term Issuer Credit Ratings of “a-” of DTRIC
Insurance Company, Limited (DTRIC), and its reinsured affiliate,
DTRIC Insurance Underwriters, Limited. The outlook of these Credit
Ratings (ratings) is stable. Both companies are domiciled in Honolulu,
The ratings reflect DTRIC’s balance sheet strength, which AM Best
categorizes as strong, as well as its marginal operating performance,
limited business profile and appropriate enterprise risk management. The
ratings also consider the impact of implicit and explicit support given
by Aioi Nissay Dowa Insurance Company Limited, a member of MS&AD
Insurance Group Holdings, Inc., to DTRIC. Aioi Nissay Dowa Insurance
Company Limited has an FSR of A+ (Superior) and is a Financial Class
Size XV ($2 billion or greater).
DTRIC’s risk-adjusted capitalization, as measured by Best’s Capital
Adequacy Ratio (BCAR), remains at a strong level, underpinned by
moderate underwriting leverage and an investment portfolio that is
concentrated largely on low-risk and liquid assets. However, under the
company’s current reinsurance program, its net exposure to a potential
loss from catastrophes remains a significant risk factor. This risk has
placed some strain on the company’s balance sheet assessment.
DTRIC’s operating performance on a five-year average basis is marginal,
with key operating metrics lagging its peers’ averages. This is
underpinned by its history of weak underwriting results as demonstrated
by a five-year average combined ratio of approximately 104%. In
response, DTRIC has implemented various measures to remediate the
performance of its underwriting portfolio. AM Best notes that company
also has taken initiatives to mitigate the potential impact arising from
recent tax reforms.
DTRIC is a general insurer that operates only in Hawaii. As a relatively
small local insurer, the company holds an overall market share of less
than 3%. DTRIC mainly specializes in workers’ compensation, personal
automobile insurance and a number of other commercial line products.
There is no significant concentration in its product mix, but the
company’s narrow geographic focus is a major factor that has constrained
its business profile assessment.
The stable outlooks reflect AM Best’s expectation that DTRIC will
maintain positive operating results over the short to medium term,
supported by stable revenue growth and a combined ratio that is expected
to improve gradually over time.
While positive rating actions are unlikely in the near term, negative
rating actions could occur if there is significant deterioration in
DTRIC’s risk-adjusted capitalization due to unexpected capital
repatriation, or if its profitability falls below AM Best’s expectation
due to competitive pressure or adverse claims experience.
Ratings are communicated to rated entities prior to publication.
Unless stated otherwise, the ratings were not amended subsequent to that
This press release relates to Credit Ratings that have been published
on AM Best’s website. For all rating information relating to the release
and pertinent disclosures, including details of the office responsible
for issuing each of the individual ratings referenced in this release,
please see AM Best’s Recent
Rating Activity web page. For additional information
regarding the use and limitations of Credit Rating opinions, please view Understanding
Best’s Credit Ratings. For information on the proper media
use of Best’s Credit Ratings and AM Best press releases, please view Guide
for Media – Proper Use of Best’s Credit Ratings and AM Best Rating
Action Press Releases.
AM Best is a global rating agency and information provider with a
unique focus on the insurance industry. Visit www.ambest.com
for more information.
Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its
affiliates. ALL RIGHTS RESERVED.
Associate Financial Analyst
Manager, Public Relations
+1 908 439
2200, ext. 5159
Associate Director, Analytics
+852 2827 3424
Director, Public Relations
+1 908 439
2200, ext. 5644
WEST DES MOINES, Iowa–(BUSINESS WIRE)–GuideOne Insurance announced that Doug Pearson has been appointed to the
position of Senior Vice President, Chief Underwriting Officer, effective
May 20, 2019. In this role, Pearson is responsible for niche product
management, home office underwriting, underwriting compliance and
Pearson brings extensive underwriting and product leadership experience
with prior carriers. Most recently, he served as Senior Vice President,
Chief Underwriting Officer at Continental Western Group where he led the
strategic direction for underwriting and product over a 13-state
footprint, including specialty products. Prior to that, he held
leadership roles at Nationwide and Allied Insurance, where he developed
the strategic direction for commercial lines, incorporating analytics
into the underwriting appetite and overseeing pricing and competitive
GuideOne President & Chief Executive Officer, Jessica Clark, says,
“Doug’s strong leadership experience and deep knowledge of the industry
will serve us well in this cornerstone role. His expertise will be
valuable as he works with the team to further establish our footprint as
we continue to execute our strategy to reach our profit and growth
Pearson adds, “I’ve been familiar with GuideOne throughout out my entire
career, and am excited to join this strong, highly-experienced team. I
look forward to contributing to their success by building on and growing
the product innovations, core expertise and customer benefits they
already have in place.”
GuideOne Insurance was founded in 1947 with a commitment to social
responsibility. That tradition continues today, as the company proudly
protects the people who strengthen our communities. GuideOne serves
churches, educational institutions, nonprofit organizations, small
businesses and senior living communities. We provide commercial property
and liability, workers’ compensation, commercial auto, and many other
Rated “A-” (Excellent) by industry analyst A.M. Best, GuideOne does
business in all 50 states through a network of thousands of independent
agents who serve more than 51,000 members. GuideOne’s corporate
headquarters are located in West Des Moines, Iowa.
Christy Gooding, Director of Marketing
HAMILTON, Bermuda–(BUSINESS WIRE)–Everest Re Group, Ltd. “Everest” or the “Company” (NYSE:RE) today
announced the appointment of Meryl Hartzband to its Board of Directors.
Ms. Hartzband was a founding partner of Stone Point Capital and served
as the firm’s Chief Investment Officer from 1999 to 2015. Before joining
Stone Point, she was a Managing Director at J.P. Morgan & Co.,
specializing in private equity investments in the financial services
Ms. Hartzband currently serves on the boards of directors of Greenhill &
Co., and Conning Holdings Ltd. She previously served as a director on
the boards of The Navigators Group, Inc., Travelers Property Casualty
Corp., AXIS Capital Holdings Limited, ACE Limited, and numerous
portfolio companies of Stone Point. She holds a B.A. degree from Cornell
University and an M.B.A. from the Columbia University Graduate School of
Mr. Joseph V. Taranto, Chairman, said: “I am very pleased to welcome
Meryl to the Everest Board of Directors. Her knowledge of the insurance
and reinsurance industry combined with her financial and investment
expertise will be a valuable addition to our board.”
Ms. Hartzband will serve as a member of the Company’s Audit,
Compensation and Nominating & Governance Committees.
About Everest Re Group, Ltd.
Everest Re Group, Ltd. (“Everest”) is a leading global provider of
reinsurance and insurance, operating for more than 40 years through
subsidiaries in the U.S., Europe, Bermuda and other territories.
Everest offers property, casualty, and specialty products through its
various operating affiliates located in key markets around the world.
Everest common stock (NYSE:RE) is a component of the S&P 500 index.
Additional information about Everest, our people, and our products
can be found on our website at www.everestre.com
Everest Re Group, Ltd.
Jon Levenson, Head of Investor Relations
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