KBRA Provides Ratings for SILAC Insurance Company and Sterling Investors Life Insurance Company
KBRA has assigned BBB insurance financial strength ratings to SILAC Insurance Company (“SILAC”) and Sterling Investors Life Insurance Company (“SILIC”), with a Stable Outlook for both ratings. These ratings reflect robust capitalization and positive growth trends in capital, supported by…
AM Best Confirms Credit Ratings for Nodak Insurance Group and NI Holdings, Inc. Members
AM Best has reconfirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) for the entities within Nodak Insurance Group (Nodak). The FSR outlook remains stable, while the Long-Term ICR…
Saudi’s MISA, Ant International Ink MoU for Saudi Business Growth, Digital Innovation
Saudi Arabia’s Ministry of Investment (MISA) has inked an MoU with Ant International to support its business expansion in the Kingdom. This agreement enables Ant International to establish a new entity in Saudi Arabia, enhancing collaboration with local partners and…
United Bankshares, Inc. Announces Acquisition of Piedmont Bancorp, Inc
United Bankshares, Inc. (“United”) (NASDAQ: UBSI), the parent company of United Bank, and Piedmont Bancorp, Inc. (“Piedmont”), the parent company of The Piedmont Bank, have officially announced a definitive merger agreement where United will acquire Piedmont. This strategic move will…
Lyceus Group Nominated for PR Campaign of the Year at the 2024 Mutual Fund & ETF Awards
Lyceus Group, a leading boutique public relations firm specializing in financial and professional services communications, is delighted to announce its selection as a finalist for the prestigious “PR Campaign of the Year” award at the upcoming With Intelligence 2024 Mutual…
Growth and EBITDA margin up. Plus, a €500M share buyback program launched
In Q1 2024, turnover reached €781.6 million, marking a 6.0% year-on-year increase. EBITDA for the same period was €361.7 million, up 8.6% year-on-year, resulting in an EBITDA margin increase of approximately +112 basis points. Forecasts for 2024 remain confirmed. Additionally,…
AM Best Under Review: North End Re (Cayman) SPC Credit Ratings with Developing Implications
AM Best has initiated a review with developing implications for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of North End Re (Cayman) SPC (NERC) based in the Cayman Islands. The recent…
Chesterbrook Community Foundation Receives $25,000 Donation from Cambridge Savings Bank to Support Local Youth Empowerment
Cambridge Savings Bank (CSB), a customer-centric full-service mutual bank boasting nearly $7 billion in assets, has announced a $25,000 donation to the Chesterbrook Community Foundation. The donation aims to support the renovation of the Chesterbrook Community Center, nestled within the…
Nick Stonestreet Appointed President of Financial Services at DLP Capital
DLP Capital, a renowned private real estate investment and financial services firm, has announced the appointment of Nick Stonestreet as its new President of Financial Services. With an extensive background spanning over 30 years in the financial services industry, Stonestreet…
Steven Wrappe of Grant Thornton Honored with Bloomberg Tax Author Award
Steven Wrappe, the managing director and transfer pricing technical leader at Grant Thornton’s Washington National Tax office, has been honored with the Federal Tax Contributing Author of the Year award as part of the Bloomberg Tax Author Awards. This recognition…
Wealth Stewards Partners with Concurrent
Concurrent Investment Advisors, LLC (“Concurrent”), a hybrid RIA with multiple custodians, is pleased to welcome The Wealth Stewards to its network of independent financial advisory firms. Managing partners Jeff Breese and Brent Mekosh merged their respective Arizona-based practices to join…
Expanding Financial Wellness: EarnUp Empowers Lenders & Servicers with Text-to-Pay Capabilities
EarnUp, Inc., a fintech company specializing in financial wellness, has unveiled a new feature allowing lenders and servicers to integrate text-to-pay functionality via debit card into its platform. This advancement responds to the increasing demand for convenient mortgage payment options…