AM Best Reaffirms Credit Ratings for Seguros Reservas S.A.
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) for Seguros Reservas S.A. (Seguros Reservas) (Santo Domingo, Dominican Republic). The outlook for these ratings is stable. These ratings reflect…
AM Best Reaffirms Credit Ratings of International Traders Insurance Co., Ltd
AM Best has reaffirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) for International Traders Insurance Co., Ltd. (ITICO) based in the Turks and Caicos Islands, British West Indies. The outlook for…
Capital One Declares Quarterly Dividend
Capital One Financial Corporation (NYSE: COF) has announced a quarterly dividend of $0.60 per common share, which will be payable on August 23, 2024, to shareholders of record at the close of business on August 12, 2024. The company has…
Ellington Financial Inc. Successfully Completes Proprietary Reverse Mortgage Loan Securitization
Ellington Financial Inc. (NYSE: EFC) announced the successful completion of its proprietary reverse mortgage loan securitization. This marks a significant achievement for the company, further solidifying its position in the reverse mortgage market. The securitization involved the issuance of mortgage-backed…
New Mountain Finance Corporation Reports Q2 2024 Financial Results
New Mountain Finance Corporation (NASDAQ: NMFC), also known as “New Mountain” or the “Company,” has released its financial results for the second quarter ending June 30, 2024. Second Quarter Highlights: Financial Summary: Q2 2024 Q2 2023 Net Investment Income per…
CW Bancorp Announces Q2 2024 ROA of 1.14% and ROTE of 16.77%
The parent company of CommerceWest Bank, CW Bancorp, reported consolidated net income of $3,084,000 or $1.00 per diluted share for Q2 2024, a decrease from $4,214,000 or $1.27 per diluted share in Q2 2023. This represents a 21% drop in…
Blackstone Real Estate and MRP Group Extend 100% Cash Tender Offer for Terrafina
Blackstone Real Estate and MRP Group have announced an extension of their all-cash tender offer for Terrafina (BMV 13). Effective July 10, 2024, a Mexican trust formed by their affiliates has extended the offer until 14:00 Mexico City time on…
QVest Secures Registration in Alberta
Q Cantar Holdings Inc. (“QVest”) is pleased to announce that, effective July 10, 2024, several new individuals have been approved by the Ontario Securities Commission (OSC) to conduct business in Alberta. This includes new registrations in the roles of Advising…
Greece Prepaid Card & Digital Wallet Market Databook 2024: Size, Forecasts, and Consumer Insights (2019-2028)
The “Greece Prepaid Card and Digital Wallet Business and Investment Opportunities Databook – Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend – Q1 2024 Update” has been added to ResearchAndMarkets.com. Report Overview: Scope Includes: For more details, visit…
Ledyard Financial Group Announces Q2 2024 Earnings and Quarterly Dividend Declaration
Ledyard Financial Group, Inc. (OTCQX®: LFGP), the parent company of Ledyard National Bank, has released its financial results for the second quarter of 2024. The company demonstrated a quarter-over-quarter improvement in net income, underscoring the effectiveness of its strategic initiatives.…
AM Best Associate Director Featured on Insurance Nerds’ Assignment of Benefits Podcast, Discusses DUAE Market Trends
Dawn Walker, Associate Director of Industry Relations – DUAE at AM Best, recently appeared on the Insurance Nerds’ Assignment of Benefits Podcast, which has been spotlighting Florida’s insurance market, to discuss the current state of the Delegated Underwriting Authority Enterprise…
Tompkins Financial Corporation Announces Q2 Financial Results
Tompkins Financial Corporation (“Tompkins” or the “Company”) announced diluted earnings per share (EPS) of $1.10 for the second quarter of 2024. This represents a 6.8% decline from the previous quarter but an 86.4% increase compared to $0.59 EPS in the…