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Mill Point Capital Signs Definitive Agreement to Acquire Total Safety’s Supplies & Solutions Division
FAIRFIELD, Calif.--(BUSINESS WIRE)--Total Safety Supplies & Solutions, Inc. ("TSSS" or the "Company"), a leading distributor of industrial maintenance, repair, and operations (“MRO”) products including safety, and personal protective equipment ("PPE"), announced today that it has signed a definitive agreement to be acquired by Mill Point Capital LLC ("Mill Point"). The acquisition of TSSS, a division of Total Safety U.S., Inc. (“Total Safety”), represents Mill Point’s 20th corporate carve-o
AM Best Withdraws Credit Ratings of Middle East Insurance Company Plc
LONDON--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) of Middle East Insurance Company Plc (MEICO) (Jordan). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process.The ratings reflect MEICO’s balance sheet strength, which AM Best assesses as strong, as well as its
AM Best Affirms Credit Ratings of Associated Electric & Gas Insurance Services Limited
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Associated Electric & Gas Insurance Services Limited (AEGIS) (Hamilton, Bermuda). The outlook of these Credit Ratings (ratings) is stable.The ratings reflect AEGIS’ balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, neutral business profile and appropriate enterprise risk manage
Law Offices of Frank R. Cruz Encourages Badger Meter, Inc. (BMI) Shareholders To Inquire About Securities Fraud Class Action
LOS ANGELES--(BUSINESS WIRE)--Law Offices of Frank R. Cruz Encourages Badger Meter, Inc. (BMI) Shareholders To Inquire About Securities Fraud Class Action
ZimCal (BIMIZCI) Exposes Medallion Financial Corp.’s Latest Campaign of Distortion and the Risks of Re-Electing Its Unqualified Directors
MINNEAPOLIS--(BUSINESS WIRE)---- $MFIN #Activist--ZimCal Asset Management through BIMIZCI Fund LLC responds (again) to Medallion Financial’s recent misleading press release designed to manipulate stockholders. Notably, BIMIZCI Fund LLC — not ZimCal or Mr. Hodges — is the nominating stockholder, a distinction Medallion deliberately blurs. Despite BIMIZCI Fund LLC being the nominating stockholder, Medallion (NASDAQ:MFIN) elected to lead with “Stephen Hodges and his affiliates” because their goals are clear. Use a se
FutureCorp Launches to Bring Frontier Economies to Public Markets
HAWTHORNE, Calif.--(BUSINESS WIRE)--FutureCorp LLC (together with its affiliates, "FutureCorp"), a new investment firm that seeks to connect frontier economies with public-market investors, has announced its launch. FutureCorp expects to sponsor publicly listed vehicles focused on next decade's frontier economies. This will include a series of special purpose acquisition companies and publicly traded funds holding late-stage private companies. FutureCorp's first frontier is space. The firm's fi
Bissinger, Oshman, Williams & Strasburger Earns Repeat Honor from Chambers USA
HOUSTON--(BUSINESS WIRE)--For the second consecutive year, the Houston trial firm Bissinger, Oshman, Williams & Strasburger (BOWS) has been recognized by the Chambers USA Guide, widely regarded as the most respected global legal directory. In addition, firm partner David Bissinger has earned individual recognition in the 2026 edition of the exclusive ratings list, which showcases leading legal talent both regionally and nationally. Both the firm and Mr. Bissinger are cited by Chambers for e
Kraken Opens SpaceX IPO Access to Customers in 110+ Countries via xStocks
CHEYENNE, Wyo.--(BUSINESS WIRE)--Kraken, the multi-asset trading platform powered by Payward, today opened access to the SpaceX initial public offering (IPO) through Payward Services' newly launched IPO Access offering. SpaceX is the first listing Kraken is making available through the program. Eligible Kraken customers in over 110 countries, including the EEA, can submit a non-binding expression of interest to participate in the IPO process. Made possible by Payward’s xStocks tokenized equitie
AM Best Maintains Under Review With Positive Implications Status for Credit Ratings of Mountain West Farm Bureau Mutual Insurance Company
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has maintained the under review with positive implications status for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Mountain West Farm Bureau Mutual Insurance Company (Mountain West) (Laramie, WY).The Credit Ratings (ratings) were placed under review with positive implications in October 2025 (see related press release) following the announcement of a strategic transaction to merge Mountain West into
AM Best Affirms Credit Ratings of Mitsui Sumitomo Insurance Company, Limited and Aioi Nissay Dowa Insurance Company Limited; Assigns Credit Ratings to MSIG Specialty Insurance America, Inc.
HONG KONG--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan) and its subsidiaries (see below for related list). Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa” (Superior) of Aioi Nissay Dowa Insurance Company Limited (ADI) (Japan). AM Best also has affirmed the FSR of A- (Excellent
Vida Global Honored with 2026 MSP Today Product of the Year Award
AUSTIN, Texas--(BUSINESS WIRE)--Vida Global wins a 2026 MSP Today Product of the Year Award from TMC, recognizing its AI agent operating system for impact and Channel innovation.
Lightspeed Successfully Supports New Intraday Margin Trading Framework
MORRISTOWN, N.J.--(BUSINESS WIRE)--Lightspeed successfully implements enhancements supporting the transition to new intraday margin trading requirements.
KBRA Releases Monthly CMBS Trend Watch
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases the May 2026 issue of CMBS Trend Watch. Private label commercial mortgage-backed securities (CMBS) continued its steady issuance pace in May, with 16 deals closing, compared to 17 in April. As in past months, single-borrower (SB) deals continue to dominate, while conduit originations remain challenged by higher rates and lender competition. Of the 16 deals, 12 were SB and four conduits, bringing the year-to-date (YTD) issuance to $56.7 billion for a 9.7%
AM Best Affirms Credit Ratings of Victoria Insurance Company JSC
LONDON--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Victoria Insurance Company JSC (Victoria) (Kazakhstan). The outlook of these Credit Ratings (ratings) is stable.The ratings reflect Victoria’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and weak enterprise risk management.Victoria’s balance sheet strength is und
Powerlaw Corp. (Nasdaq: PWRL) Announces Largest Portfolio Holding: SpaceX
SAN FRANCISCO--(BUSINESS WIRE)--Powerlaw Corp. (Nasdaq: PWRL), a publicly traded closed-end fund advised by Powerlaw Fund Adviser, LLC, today disclosed that Space Exploration Technologies Corp. ("SpaceX") is its single largest portfolio holding. As of May 13, 2026, PWRL's investment in SpaceX had a fair value of approximately $117.0 million, representing 19.37% of the Fund's net assets. PWRL began trading on Nasdaq following a direct listing on May 27, 2026. The Fund invests across many of the
The Federal Home Loan Bank of Des Moines Now Accepts VantageScore 4.0 for Mortgage Collateral
SAN FRANCISCO--(BUSINESS WIRE)--Members of the Federal Home Loan Bank of Des Moines (FHLB Des Moines) can now pledge mortgage collateral using VantageScore 4.0 credit scores, effective immediately. The decision by FHLB Des Moines enables its over 1,200 member banks and institutions to use the VantageScore 4.0 model to score an additional 4 million consumers in the region. FHLB Des Moines joins other government-sponsored mortgage entities that now accept VantageScore 4.0 for mortgages, including
Popular, Inc. Declares Dividend on Preferred Stock and Announces Distribution on Trust Preferred Securities
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (NASDAQ: BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock: a monthly cash dividend of $0.132813 per share of 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on June 30, 2026 to holders of record as of June 15, 2026. The Corporation also announced the following monthly distribution on its outstanding Trust Pref
AI Moves IT Management Platforms Toward Autonomy, ISG says
STAMFORD, Conn.--(BUSINESS WIRE)---- $III #AI--Enterprises increasingly rely on IT service management (ITSM) and related platforms for autonomous IT operations as AI adoption increases, ISG says.
Chatham Lodging Declares Quarterly Common, Preferred Dividend
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Chatham Lodging Declares Quarterly Common, Preferred Dividend
LivaNova Appoints Anne Liddy as Chief Legal Officer
LONDON--(BUSINESS WIRE)---- $LIVN #OSA--LivaNova PLC (Nasdaq: LIVN), a market-leading medical technology company, today announced the appointment of Anne Liddy as Chief Legal Officer, effective August 31. Liddy will oversee the Company’s global legal and compliance function and serve as a member of the Executive Leadership Team. Liddy brings more than two decades of experience advising global healthcare and life sciences companies on complex legal, regulatory, M&A, and compliance matters. She joins LivaNo
