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AM Best Affirms Credit Ratings of Highmark Inc. and Its Subsidiaries
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a+” (Excellent) of Highmark Inc. (Highmark) (headquartered in Pittsburgh, PA) and its life/health (L/H) subsidiaries, collectively known as Highmark Inc. Group. Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of Highmark’s dental subsidiaries, which operate under the United Co
AM Best Affirms Credit Ratings of AXIS Capital Holdings Limited and Its Operating Subsidiaries
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of the operating subsidiaries of AXIS Capital Holdings Limited (Pembroke, Bermuda), collectively referred to as AXIS. Additionally, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) and the indicative Long-Term Issue Credit Ratings (Long-Term IR) of AXIS Capital Holdings Limited. The outlook of these Credit Ratings
AM Best Assigns Issue Credit Rating to The Hanover Insurance Group, Inc.’s Senior Unsecured Notes
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Long-Term Issue Credit Rating of “bbb+” (Good) to the recently issued USD 500 million, 5.5% senior unsecured notes due 2035, issued by The Hanover Insurance Group, Inc. (The Hanover) (headquartered in Worcester, MA) [NYSE: THG]. The outlook assigned to this Credit Rating (rating) is stable. The ratings of The Hanover and its subsidiaries were previously affirmed on July 31, 2025 (see related press release). The Long-Term Issuer Credit Ratin
Aviation Capital Group Announces Delivery of One A321neo to Wizz Air
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- #acg--Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one A321neo to Wizz Air. Powered by the ultra-efficient Pratt & Whitney GTF engines, this is the eighth aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and Wizz Air. ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraft leasing service
Sycamore Tree Capital Partners Closes Seventh CLO at $505 Million
DALLAS--(BUSINESS WIRE)--Sycamore Tree Capital Partners, L.P. (“Sycamore Tree” or the “Firm”), a specialist asset manager with private and alternative credit investment expertise, today announced the closing of its seventh collateralized loan obligation, STCP 2025-7 (“STCP CLO 7” or the “Fund”), a $505 million vehicle investing in the broadly syndicated loans of U.S. companies. The Fund was initially offered at $400 million and upsized to $505 million due to strong investor demand. STCP CLO 7 m
Gary Godin and Sean McCartney Appointed to Jointly Lead Pacific Life’s Workforce Benefits Business
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Pacific Life has promoted Gary Godin and Sean McCartney to senior vice presidents to jointly lead its Workforce Benefits business.
Securities Fraud Investigation Into LifeMD, Inc. (LFMD) Announced – Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of LifeMD, Inc. (“LifeMD” or the “Company”) (NASDAQ: LFMD) investors concerning the Company’s possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON LIFEMD, INC. (LFMD), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On August 5, 2025, aft
Deadline Approaching: Snap Inc. (SNAP) Investors Who Lost Money Urged To Contact Law Offices of Howard G. Smith
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming October 20, 2025 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Snap Inc. (“Snap” or the “Company”) (NYSE: SNAP) securities between April 29, 2025 to August 5, 2025, inclusive (the “Class Period”). IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN SNAP INC. (SNAP), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD L
Profitability Trends for Health Insurers as Assessed by Mark Farrah Associates
MCMURRAY, Pa.--(BUSINESS WIRE)--MFA compared 2024 and 2023, PMPM health premiums and expenses for the Individual, Employer-Group, Medicare, and Medicaid segments.
Deadline Alert: Nutex Health Inc. (NUTX) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP reminds investors of the upcoming October 21, 2025 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Nutex Health Inc. (“Nutex” or the “Company”) (NASDAQ: NUTX) securities between August 8, 2024 and August 14, 2025, inclusive (the “Class Period”). IF YOU SUFFERED A LOSS ON YOUR NUTEX INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECO
Franklin Limited Duration Income Trust (“FTF” or the “Fund”) Announces Notification of Sources of Distributions
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Limited Duration Income Trust [NYSE American: FTF]: Notification of Sources of Distributions Pursuant to Section 19(a) of the Investment Company Act of 1940 The Fund’s estimated sources of the distribution to be paid on August 29, 2025, and for the fiscal year 2025 year-to-date are as follows: Estimated Allocations for August Monthly Distribution as of July 31, 2025: Distribution Per Share Net Investment Income Net Realized Short-Term Capital Gains
eClerx Recognized as a Leader & Star Performer in Everest Group’s Capital Markets Operations Services PEAK Matrix® 2025
NEW YORK--(BUSINESS WIRE)-- #25years--eClerx Recognized as a Leader & Star Performer in Everest Group’s Capital Markets Operations Services PEAK Matrix® 2025
Templeton Emerging Markets Income Fund (“TEI” or the “Fund”) Announces Notification of Sources of Distributions
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Emerging Markets Income Fund [NYSE: TEI]: Notification of Sources of Distributions Pursuant to Section 19(a) of the Investment Company Act of 1940 The Fund’s estimated sources of the distribution to be paid on August 29, 2025, and for the fiscal year 2025 year-to-date are as follows: Estimated Allocations for August Monthly Distribution as of July 31, 2025: Distribution Per Share Net Investment Income Net Realized Short-Term Capital Gains Net Re
Franklin Universal Trust (“FT” or the “Fund”) Announces Notification of Sources of Distributions
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Universal Trust [NYSE: FT]: Notification of Sources of Distributions Pursuant to Section 19(a) of the Investment Company Act of 1940 The Fund’s estimated sources of the distribution to be paid on August 29, 2025, and for the fiscal year 2025 year-to-date are as follows: Estimated Allocations for August Monthly Distribution as of July 31, 2025: Distribution Per Share Net Investment Income Net Realized Short-Term Capital Gains Net Realized Long-Term Ca
AM Best Upgrades Credit Ratings of Crum & Forster Insurance Group’s Members; Affirms Credit Ratings of Monitor Life Insurance Company of New York
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “aa-” (Superior) from “a+” (Excellent) of the members of Crum & Forster Insurance Group (C&F). Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of Monitor Life Insurance Company of New York (Monitor Life) (New York, NY). The outlook of these Credit Rati
Aleo Joins Global Dollar Network
SAN FRANCISCO--(BUSINESS WIRE)--The Aleo Network Foundation, the non-profit corporation responsible for overseeing and supporting the health of the Aleo Network (Aleo), a privacy-first infrastructure to power secure, programmable, worldwide payments, today announced their inclusion in Global Dollar Network (GDN). GDN is the world’s fastest growing stablecoin network with unmatched economic upside that is powered by the USDG stablecoin. USDG is available on Solana, Ink and Ethereum. Members of t
Exchange Bank Declares Third Quarter Cash Dividend
SANTA ROSA, Calif.--(BUSINESS WIRE)--On August 19, 2025, the Exchange Bank Board of Directors declared a quarterly cash dividend of $1.30 per share on common stock outstanding to shareholders of record at the close of business on September 5, 2025. The dividend will be paid on September 19, 2025. Approximately $1.12 million, or 50.44%, of the Bank’s cash dividend will go to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College. FORWARD-LOOKING INFORMATION: The foll
University of Phoenix Announces Successful Pilot Testing Verifiable Digital Credentials Wallet Capability for Learner Records
PHOENIX--(BUSINESS WIRE)--University of Phoenix conducted a pilot testing interoperable exchange of Learning and Employment Records (LERs) into a digital wallet with the goal to empower learners with experiences and tools that will enable them to pursue their goals and give employers a clearer picture of their capabilities. This initial pilot helps bring this forward-thinking innovation closer. Alignment across industries, commerce, and higher education on adoption of interoperable learning rec
KBRA Releases Research – CMBS Loan Performance Trends: August 2025
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the August 2025 servicer reporting period. The delinquency rate among KBRA-rated U.S. private label CMBS increased to 7.9% in August from 7.5% in July. However, the total delinquent plus current but specially serviced loan rate (collectively, the distress rate) remained stable at 10.6%. The conduit multifamily delinquency rate increased 178 basis points (bps
AM Best Releases Revised Criteria Procedure: ‘Rating Captives and Other Alternative Risk Transfer Entities’
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has released its revised criteria procedure “Rating Captives and Other Alternative Risk Transfer Entities,” (formerly known as “Alternative Risk Transfer”) which is effective immediately. AM Best initiated a Call for Comment (CFC) related to this criteria procedure on Dec. 2, 2024 and the comment period closed on Feb. 20, 2025. In the final version of the revised criteria procedure, AM Best establishes a path to assigning Issuer Credit Ratings (ICR) and F