Lastest from Businesswire

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--Despite persisting issues impacting U.S. property/casualty insurance companies, such as increased catastrophe and secondary peril events, inflation and rising reinsurance costs, some moderation in the first half of 2024 led to fewer Credit Rating (rating) downgrades compared with the same prior-year period, according to a new AM Best special report. The Best’s Special Report, titled, “P/C Rating Upgrades and Downgrades Both Declined in the First Half of 2024,” no

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of Greenlight Reinsurance, Ltd. (Cayman Islands) and Greenlight Reinsurance Ireland, Designated Activity Company (Ireland). Concurrently, AM Best has revised the outlook to positive from stable and affirmed the Long-Term ICR of “bbb-” (Good) of Greenlight Capital Re, Ltd.

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best will sponsor the upcoming Vermont Captive Insurance Association’s (VCIA) Original Captive Roadshow, which will take place on Tuesday, Oct. 29, 2024, at EY’s Philadelphia office. The session, which begins at 1 p.m. (EDT), will focus on the basics of captive insurance, the reasons for formation, the feasibility process and key issues in putting a successful captive program together. Presenters also will describe the captive climate and regulatory requiremen

NEW YORK--(BUSINESS WIRE)--Colbeck Capital Management (“Colbeck”) is proud to reaffirm its support for the Susan L. Canole Foundation (“SLCF”) and its Trotting Towards Hope Annual Gala. The event, to be held October 19 at The Bowden in Keller, Texas, will feature live entertainment and a silent auction to help advance SLCF’s mission of creating opportunities for children, particularly those who are underserved or grieving to experience the joy and benefits of equestrian activities. Through even

NEW YORK--(BUSINESS WIRE)---- $PIPR--Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the addition of Brian Vescio as a managing director and head of structured products trading to the fixed income team. He will be based in the New York office. “We are excited to welcome Brian back to Piper Sandler to lead our structured product trading effort. Brian knows our client base well given the four years he previously spent with us and is the perfect person to step into th

HARRISBURG, Pa.--(BUSINESS WIRE)--AmericanTCS’s PensionPro, a provider of workflow automation software for third-party administrators (TPAs), announced today it is partnering with Finch, a unified API platform. This partnership will enable TPAs to automatically collect standardized payroll and census data directly from employers’ payroll systems. The challenges associated with accessing timely, accurate and standardized sponsor data have long plagued TPAs and recordkeepers. For decades, the nor

SALEM, Ore.--(BUSINESS WIRE)--Oregon Bancorp, Inc. (OTCBB: ORBN) (the “Company”), parent company of Willamette Valley Bank, reported net income for the third quarter of $1,017,000 and $0.41 per common share. The Company’s quarterly return on average assets and return on average equity were 0.9% and 5.6%, respectively. This compares to $801,000 in net income and $0.32 per common share outstanding for the quarter ending June 30, 2024. The Company’s balance sheet expanded by $16.0 million in asset

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Global financial technology leader FIS® (NYSE: FIS) and Fulham Football Club have together announced a new partnership, unveiling the state-of-the-art Markers, presented by FIS, an innovation space and technology hub at the new Fulham Pier. Fulham Pier, which is part of the redevelopment of Fulham’s riverside stand, is London’s newest riverfront destination, with restaurants and cafes, a hotel, spa and members’ club all overlooking the Thames. The Pier is pa

MINNEAPOLIS--(BUSINESS WIRE)-- #BeneficialOwnership--With an end-of-year deadline looming for the Beneficial Ownership Information (BOI) reporting rule as part of the Corporate Transparency Act (CTA), a range of startup businesses seek greater clarity on eligibility and compliance requirements. Wolters Kluwer CT Corporation has developed an array of resources to help address BOI-related queries, including an expert thought piece and a podcast to help foster greater understanding among startup entities of their report

HOUSTON--(BUSINESS WIRE)--Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America’s best businesses, will release its third quarter earnings before the opening of the New York Stock Exchange on Thursday, October 31, 2024. A teleconference hosted by Insperity’s management will be held at 8:30 a.m. ET to discuss the quarter and business trends. Investors, analysts, media and other interested persons may access the call at 877-545-0320, con

NEW YORK--(BUSINESS WIRE)--Aquila Air Capital (“Aquila”), a leading engine lessor, announced today an investment from funds managed by Wafra Inc. (“Wafra”), a New York-based, global alternative asset manager. Wafra has entered into definitive documentation to acquire the Aquila platform from Warburg Pincus, a global growth investor. As part of the transaction, Wafra will acquire a controlling interest in Aquila and provide substantial capital to support Aquila’s continued growth, furthering its

WALTHAM, Mass.--(BUSINESS WIRE)--Trinity Life Sciences, the leader in strategy, insights and analytics for the life sciences industry, finds that thirty-two percent of life science marketing and analytics teams report not knowing about or not using key performance indicators (KPIs) to inform shifts in investment.* According to Nancy Phelan, SVP of Customer Engagement at Trinity Life Sciences, there are a variety of reasons why life science executives might not be using KPIs to guide decisions o

HOUSTON--(BUSINESS WIRE)--Bradley L. Radoff, who collectively with his affiliates owns approximately 9.9% of the outstanding shares of GSE Systems, Inc. (NASDAQ: GVP) (“GSE” or the “Company”), today sent the below letter to GSE Systems’ Board of Directors (the “Board”) indicating its opposition to the proposed take-private merger with Pelican Energy Partners (“Pelican”). *** GSE Systems, Inc. 6940 Columbia Gateway Drive, Suite 470 Columbia, MD 21046 Attention: The Board of Directors October 18,

PORTERVILLE, Calif.--(BUSINESS WIRE)--Sierra Bancorp Announces Share Repurchase Program and Declares Quarterly Cash Dividend

LOUISVILLE, Ky.--(BUSINESS WIRE)--Republic Bancorp, Inc. (“Republic” or the “Company”) reported third quarter 2024 net income and Diluted Earnings per Class A Common Share (“Diluted EPS”) of $26.5 million and $1.37 per share, representing increases of 23% and 25% over the third quarter of 2023. Year-to-date net income was $82.4 million, an $11.6 million, or 16%, increase from the same period in 2023, resulting in return on average assets (“ROA”) and return on average equity (“ROE”) of 1.60% and

SAN FRANCISCO & BOSTON--(BUSINESS WIRE)--Audax Private Equity (“Audax”) has completed its acquisition of the clinical services business of Avantor, Inc. (NYSE: AVTR) and, in close collaboration with the employees, has re-branded the business as Resonant Clinical Solutions (“Resonant” or “the Company”). Resonant is comprised of three well-respected brands – EPL Archives, MESM, and Therapak. These long-standing brands, whose roots and lineage extend as far back as the 1970s, provide a comprehensi

NEW YORK--(BUSINESS WIRE)--American Express Company (NYSE: AXP) today reported third-quarter net income of $2.51 billion, or $3.49 per share, compared with net income of $2.45 billion, or $3.30 per share, a year ago. (Millions, except per share amounts, and where indicated)     Quarters Ended September 30, Percentage Inc/(Dec) Nine Months Ended September 30, Percentage Inc/(Dec)   2024 2023 2024 2023 Billed Business (Billions) $387.3  $366.2  6% $1,142.5  $1,079.8  6% FX-adjusted1  $366.4  6% $

NEWPORT NEWS, Va.--(BUSINESS WIRE)--NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (“PDMRs”) IN COMMON STOCK OF PAR VALUE $0.0001 EACH IN THE COMPANY (“Shares”) Vesting of the Ferguson Enterprises Inc. Long Term Incentive Plan 2019 (“LTIP”), Ferguson Enterprises Inc. Ordinary Share Plan 2019 (“OSP”) and Ferguson Enterprises Inc. Performance Ordinary Share Plan 2019 (“POSP”) (together, “the Plans”) The conditional shares granted under the Plans on October 14, 202

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB): Key Financial Data             Key Highlights $ in millions for all balance sheet and income statement items                 3Q24 2Q24 3Q23 Stability: Sequential growth in net interest income and net interest margin driven by the repricing benefit on fixed rate loan portfolio and moderating deposit costs Strong profitability resulted in CET1 increasing to 10.75% while executing a $200 million share repurchase and raising common sto

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corp. (NYSE:RF) today reported earnings for the third quarter ended September 30, 2024. The company reported third quarter net income available to common shareholders of $446 million and earnings per diluted share of $0.49. The company reported $1.8 billion in total revenue during the quarter, including $721 million in reported pre-tax pre-provision income(1) and $799 million in adjusted pre-tax pre-provision income(1). Third quarter results