AM Best Changes Outlook to Stable and Affirms Credit Ratings of Mercantil Seguros y Reaseguros, S.A.
AM Best has revised the outlook for Mercantil Seguros y Reaseguros, S.A. (Mercantil Seguros) from negative to stable and affirmed its Financial Strength Rating of B++ (Good) and Long-Term Issuer Credit Rating of “bbb” (Good). These ratings reflect the company’s…
Amerant Bancorp Inc. Finalizes Sale of Texas Operations to MidFirst Bank
Amerant Bancorp Inc. Completes Sale of Houston Banking Operations to MidFirst Bank, Refocusing on Core Florida Markets Amerant Bancorp Inc. (NYSE: AMTB), a prominent financial institution, has finalized a strategic decision to streamline its operations by selling its banking assets…
MidFirst Bank Finalizes Acquisition of Amerant Bank Branches in Houston
MidFirst Bank, recognized as the largest privately owned bank in the United States, has completed its acquisition of the Houston, Texas banking locations of Amerant Bank, N.A., a subsidiary of Amerant Bancorp Inc. (NYSE: AMTB). This strategic acquisition includes six…
AM Best Reaffirms Credit Ratings for Houston Casualty Group and Affiliates
AM Best Reaffirms Superior Credit Ratings for Houston Casualty Group and Affiliates AM Best has reaffirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa+” (Superior) for the property/casualty (P/C) members…
KKR Completes Initial Tender Offer, Acquires Over One-Third Stake in FUJI SOFT
KKR, a prominent global investment firm, announced the completion of the first phase of its two-stage tender offer for FUJI SOFT INCORPORATED (TSE stock code 9749; “FUJI SOFT”) through its affiliate, FK Co., Ltd. (the “Offeror”). The Offeror, controlled by…
Arch Capital Group Ltd. Declares $1.9 Billion Special Cash Dividend and Announces Senior Executive Promotions
Arch Capital Group Ltd. (NASDAQ: ACGL, “Arch” or “the Company”) announced today that its Board of Directors has declared a special cash dividend totaling $1.9 billion, which amounts to $5.00 per outstanding common share. The dividend is set to be…
Wolters Kluwer Launches CCH iFirm Analytics to Boost Business Performance in Australia & New Zealand
Wolters Kluwer Tax and Accounting (TAA) Asia Pacific (APAC) has announced the launch of CCH iFirm Analytics, a groundbreaking addition to its CCH iFirm suite designed to optimize operational efficiencies for accounting firms in Australia and New Zealand. This new…
Michael Kempe Named CIO of Grant Thornton
Grant Thornton Names Michael Kempe as New Chief Information Officer Grant Thornton, a leading U.S. provider of comprehensive audit, tax, and advisory services, has appointed Michael Kempe as its new Chief Information Officer (CIO). With over 20 years of expertise…
American Plus Bank to Acquire Long Beach Branch of United Fidelity Bank
American Plus Bank Announces Definitive Agreement to Acquire United Fidelity Bank’s Long Beach Branch American Plus Bank has entered into a definitive agreement to acquire the Long Beach, California branch of United Fidelity Bank, fsb, which operates under the name…
Corebridge Financial Initiates Secondary Offering of Common Stock by AIG
Corbridge Financial Announces Secondary Stock Offering by AIG Corebridge Financial, Inc. (NYSE: CRBG) has announced a secondary offering of its common stock by American International Group, Inc. (NYSE: AIG). AIG, acting as the selling stockholder, plans to offer 30 million…
Ant International Uses AI to Streamline Cross-Border Transactions for 100M SMEs
AI-Powered FX Model and Anti-Deepfake Technology Bolster Cross-Border Transactions for Ant International Ant International, a Singapore-based global leader in digital payments and financial technology, has intensified its use of Artificial Intelligence (AI) to enhance and secure millions of daily cross-border…
Blackstone Real Estate to Privatize Retail Opportunity Investments in a $4 Billion Deal
Blackstone and Retail Opportunity Investments Corp. (Nasdaq: ROIC) have announced a definitive agreement for Blackstone Real Estate Partners X to acquire all outstanding common shares of ROIC at $17.50 per share. This all-cash transaction is valued at around $4 billion,…