AM Best Adjusts Outlook of Issuer Credit Rating to Stable for Middle East Insurance Company Plc
AM Best has upgraded the outlook for Middle East Insurance Company Plc (MEICO) from negative to stable for its Long-Term Issuer Credit Rating (Long-Term ICR) while affirming its Financial Strength Rating (FSR) of B (Fair) and the Long-Term ICR of…
AM Best Maintains Credit Ratings of Halyk Insurance Company JSC
AM Best has affirmed Halyk Insurance Company’s Financial Strength Rating at B++ (Good) and its Long-Term Issuer Credit Rating at “bbb” (Good), with a stable outlook. These ratings reflect the company’s robust balance sheet strength, strong operating performance, limited business…
XAI Octagon Trust Announces $0.085 Monthly Share Distribution
The XAI Octagon Floating Rate & Alternative Income Trust (XFLT) has announced its regular monthly distribution of $0.085 per share on its common shares (NYSE: XFLT), with payment scheduled for April 1, 2024, to shareholders of record as of March…
AM Best Maintains Credit Ratings for Virginia Surety Seguros de México, S.A. de C.V.
AM Best has reaffirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) for Virginia Surety Seguros de México S.A. de C.V. (VSSM) in Mexico City, Mexico. The outlook for…
SABA Declares Dividend of $0.029
Saba Capital Income & Opportunities Fund II (NYSE: SABA), a registered closed-end management investment company traded on the New York Stock Exchange, has announced a monthly dividend of $0.029 per share on February 29, 2024. This dividend will be payable…
FGIC Enters Transaction Support Agreement for Run-Off Plan
Financial Guaranty Insurance Company (FGIC) has made an announcement regarding its entry into a transaction support agreement with an ad hoc group of certain holders of FGIC-insured securities. The agreement, dated February 29, 2024, aims to accelerate the run-off of…
Metropolitan Commercial Bank Strengthens Risk and Finance Teams with Veteran Bank Professionals
Metropolitan Commercial Bank (the “Bank,” “MCB”), a New York City-based full-service commercial bank, announced today the appointment of Gregory Gaare as Senior Vice President and Chief Risk Officer, Theodore George Andreades as Senior Vice President and Bank Secrecy Act/Anti-Money Laundering…
Eric Schoenstein of Jensen Investment Management to Retire in 2025
Jensen Investment Management (“Jensen”), a 100% employee-owned active equity investment management firm announces the planned retirement of Eric Schoenstein, Chief Investment Officer, effective March 1, 2025. Schoenstein, who joined Jensen in 2002, serves as Managing Director and is a member…
Atlantic Union Bankshares Corporation has confirmed the receipt of regulatory approvals
Required to finalize its merger with American National Bankshares Inc Atlantic Union Bankshares Corporation announced today that it has received regulatory approval from the Board of Governors of the Federal Reserve System (the “Federal Reserve”) to complete the previously announced…
Envestnet Reports Fourth Quarter 2023 Financial Results
Envestnet (NYSE: ENV), a leading provider of intelligent systems for wealth management and financial wellness, today reported financial results for the quarter and year ended December 31, 2023. Three Months Ended Year Ended …
The Federal Home Loan Bank of Dallas, in partnership with First Federal Bank of Louisiana
The Federal Home Loan Bank of Dallas (FHLB Dallas) has granted $75,000 to Project Build a Future (PBAF) through its member, First Federal Bank of Louisiana, as part of its Heirs’ Property Program. This initiative aims to assist locals in…
Northern Trust Announces the Appointment of Olivier Noël as Country Head for Luxembourg
Olivier Noël Appointed Country Head for Luxembourg at Northern Trust Northern Trust announced today the appointment of Olivier Noël as Country Head for Luxembourg and leader of its Luxembourg-based asset management company, effective immediately. “Northern Trust opened its first branch…