First Trust Advisors L.P. Announces Distribution for Enhanced Short Maturity ETF
First Trust Advisors L.P. (“FTA”) has declared the monthly distribution for the First Trust Enhanced Short Maturity ETF, a series of the First Trust Exchange-Traded Fund IV. Below are the relevant details: Distribution Dates Ticker Exchange Fund Name Frequency Ordinary…
AM Best Reaffirms Credit Ratings of Arab War Risks Insurance Syndicate
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) for the Arab War Risks Insurance Syndicate (AWRIS), based in Bahrain. The outlook for both ratings remains stable. Key Drivers…
AM Best Upgrades Credit Ratings for AzRe Reinsurance OJSC
AM Best has upgraded the Financial Strength Rating of AzRe Reinsurance, OJSC (AzRe) from B+ (Good) to B++ (Good) and the Long-Term Issuer Credit Rating from “bbb-” (Good) to “bbb” (Good). The outlook for both ratings remains stable. Key Factors…
SmartStream Research Reveals: 71% of Firms Invest in Reference Data to Boost Alpha Generation
SmartStream, a leader in financial Transaction Lifecycle Management (TLM®) solutions, in partnership with Acuiti Management Intelligence, has released the findings of a new survey. The report, titled “The Future of Reference Data: From Compliance to Alpha,” underscores the increasing importance…
IF Bancorp, Inc. and Iroquois Federal Appoint New Board Chair, Lead Independent Director, and President
IF Bancorp, Inc. (NASDAQ Capital: IROQ) and its wholly owned subsidiary, Iroquois Federal Savings and Loan Association, have announced significant leadership changes following their recent Board meetings. The Boards of Directors of both the Company and the Association have unanimously…
AM Best Upgrades Credit Ratings for Zurich Insurance Group Ltd and Key Subsidiaries
AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) of Zurich Insurance Group Ltd (Zurich) and its main rated subsidiaries. The Long-Term ICR for Zurich, the non-operating holding company, was raised to “a+” (Excellent) from “a” (Excellent). Similarly,…
AM Best Revises Outlook to Negative for Berkshire Hathaway GUARD Insurance Group Members
AM Best has revised the outlooks for the members of Berkshire Hathaway GUARD Insurance Companies (GUARD) to negative from stable. This includes WestGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company, NorGUARD Insurance Company, and AZGUARD Insurance Company, all domiciled…
Practice Better Raises $13M from CIBC Innovation Banking to Drive Growth of Holistic Health Practice Management Platform
CIBC Innovation Banking has announced a US$13 million growth capital investment in Practice Better, a leading all-in-one practice management platform tailored for health and wellness professionals. The funding will accelerate Practice Better’s expansion into new markets and foster advancements in…
Hexure and Luma Strengthen Partnership to Deliver Unified Life Insurance and Annuity Solutions
Hexure and Luma have worked together for over four years, initially focusing on annuity solutions. By expanding the collaboration to include life insurance, the two companies aim to provide a seamless experience for financial professionals and their clients. “We are…
Danske Bank Expands Partnership with ActiveViam to Advance Next-Gen Liquidity Stress Testing
Danske Bank, Denmark’s largest financial institution, has reinforced its partnership with ActiveViam to enhance its capabilities in advanced analytics for liquidity stress testing. This collaboration is set to deliver cutting-edge solutions, enabling the bank to strengthen its risk management framework…
Nexo Launches Industry-First USD Personal Accounts
Nexo, a leading digital asset investment platform, has announced the launch of the industry’s first personal USD accounts. This new service allows customers in over 150 countries to seamlessly make bank transfers to and from their personal USD account in…
MoneyLion Successfully Completes Senior Debt Refinancing
MoneyLion Inc. (NYSE: ML), a leading digital ecosystem for consumer finance, announced today the successful completion of a $70 million loan facility with Silicon Valley Bank (SVB), a division of First-Citizens Bank & Trust Company. The refinancing deal replaces MoneyLion’s…