AM Best Reaffirms ERIKA Försäkringsaktiebolag’s Credit Ratings with Stable Outlook AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) for ERIKA Försäkringsaktiebolag (publ) (Erika), based in Sweden. The stable…
ICBC has invested $1 million into B.C.’s Automated Licence Plate Recognition (ALPR) program to assist police in removing uninsured drivers from the roads. This technology enables police to scan up to 3,000 license plates per hour, efficiently identifying drivers without…
JPMorgan Chase has unveiled an $8.45 million philanthropic commitment to support nonprofit organizations and programs throughout Baltimore. This funding aims to bolster economic and community development, specifically addressing residential vacancies to stabilize housing supply and promote affordable homeownership, revitalizing commercial…
KBRA has assigned a long-term rating of A with a Stable Outlook to the City of Detroit Downtown Development Authority Tax Increment Revenue Refunding Bonds, Series 2024 (Catalyst Development Project). Concurrently, KBRA has placed the outstanding long-term rating assigned to…
Three leading financial market infrastructures (FMIs) — DTCC, Clearstream, and Euroclear — along with Boston Consulting Group (BCG), have unveiled a blueprint aimed at establishing a robust industry-wide digital asset ecosystem. This initiative seeks to drive the adoption of tokenised…
Comvest Partners, a prominent middle-market private equity and credit investment firm, has announced that its direct lending platform, Comvest Credit Partners, acted as Administrative Agent on a senior secured credit facility for Senior Support Holdings (Franchise) Acquisition, Inc., known as…
Banc of California, a subsidiary of Banc of California Inc. (NYSE: BANC), has introduced Build@Banc, a specialized service aimed at offering tailored banking solutions to seed and early-stage innovative startups. This initiative includes personalized guidance from the Build@Banc team to…
NEOS Investments, an asset management firm specializing in options-based ETFs, has announced the May monthly distribution amounts for its suite of ETFs focused on monthly income and tax efficiency across core portfolio exposures. ETF Distribution Information as of the May…
Industry titans take the stage in L.A. for marquee gathering of financial advisors and alternative asset managers CAIS, the leading alternative investment platform for financial advisors, today announced that the CAIS Alternative Investment Summit will return for its third year,…
BCA Research, Inc., a leading provider of independent macro investment research, has announced the appointment of Jing Sima as China Strategist. Sima, returning to BCA after serving two years as an investment consultant, brings extensive expertise in China’s monetary and…
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…
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…
