Lastest from Businesswire

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases research discussing the financial position of Florida insurers following widespread forecasts for an active Atlantic storm season in 2024. In response to these forecasts, many Florida property insurers have prepared by purchasing increased reinsurance limits and coverage to protect their balance sheets. In addition, recent regulatory reforms, combined with insurers obtaining extensive rate increases, have attracted reinsurers to participate in the market

NEW YORK--(BUSINESS WIRE)--Range Media Partners, the diversified global talent representation & production firm, which includes its rapidly growing sports division, Range Sports, announced today that it has secured a minority investment from Verance Capital, a prominent New York-based growth investment firm focused on sports, media, and entertainment. Verance joins Range’s recently announced new strategic investor group inclusive of Liberty Global, New York-based family office Wildcat Capit

MIAMI--(BUSINESS WIRE)---- $Nasdaq #Nasdaq--Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”), a diversified provider of financial services, today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial and Operational Highlights Revenue increased 19% to $20.9 million, compared to $17.6 million in the second quarter of 2023. Operating income increased 20% to $5.6 million, compared to $4.7 million in the second quarter of 2023. Retail customer net worth increased 5% to

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to seven classes of mortgage-backed notes from OBX 2024-NQM12 Trust, a $532.2 million non-prime RMBS transaction. The underlying collateral, comprising 1,002 residential mortgages, is characterized by a notable concentration of alternative income documentation (88.4%) loans. Most of the loans are classified as non-qualified mortgages (Non-QM) (56.2%) or exempt (41.2%) from the Ability-to-Repay/Qualified Mortgage (ATR/QM) rule due to be

AKRON, Ohio--(BUSINESS WIRE)--Valmark Advisers, Inc., a subsidiary of Valmark Financial Group, LLC, celebrates achieving $10 billion in assets under management and advisement through its SEC-registered investment adviser. As one of the country’s top back-office firms supporting multi-disciplinary wealth management practices, Valmark traces its beginnings to 1963 as a life insurance general agency and producer group. In 1997, Valmark expanded its offerings through the additions of Valmark Securi

LONG BEACH, Calif.--(BUSINESS WIRE)--We are thrilled to announce a major development at IAPDA that marks a significant step forward in our mission to unite and strengthen the debt relief industry. IAPDA, the leading certification and accreditation company in the debt relief sector, is proud to announce that PFE, the esteemed certification and accreditation resource for debt management, is now merging under the IAPDA umbrella. At IAPDA, we believe in collaborating with all facets of the debt rel

SALT LAKE CITY--(BUSINESS WIRE)--CHG Healthcare has announced the promotion of Leslie Snavely to CEO of the nation’s largest physician staffing company. CEO Scott Beck will retire and transition to an advisory role as executive chair of the CHG Board of Directors. Beck has been with CHG for 25 years, serving the last 10 years as CEO. Since joining CHG in 2010, Snavely has been a pivotal member of CHG’s executive leadership team. She was named President in 2023 and has played a crucial role in e

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases research on appraisal reduction amounts (ARA), which have climbed in tandem with delinquency rates. After a 60% drop in effectuated ARAs in 2022, ARAs climbed in 2023 and 2024 as delinquencies increased 84%. ARAs totaling $1 billion (98 loans) were effectuated during full-year (FY) 2023, while the year-to-date (YTD) June 2024 total almost matched this figure, with $842.6 million of new ARAs across 95 loans. As of June 2024, ARAs totaling $5 billion are i

CLAREMONT, N.H. & CHANTILLY, Va.--(BUSINESS WIRE)--Red River earns NetApp Federal Strategic Programs Partner of the Year Award

MIAMI--(BUSINESS WIRE)-- #AECindustry--Consor Appoints Dr. Hisham Mahmoud as Chairman of the Board

SEATTLE--(BUSINESS WIRE)--Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans. Thanks to a third consecutive month of market gains in July, the Milliman 100 PPFI funded ratio improved from 79.9% as of June 30 to 80.8% as of July 31. The PPFI plans saw estimated aggregate investment returns of 1.6% in July, with individual plans’

MARLBOROUGH, Mass.--(BUSINESS WIRE)--The investment industry's push for fee transparency may not be as effective as hoped, according to a new study by DALBAR, a leading financial services market research firm. The 2024 Investor Insights: Fees & Charges report uncovers a persistent gap in investor knowledge, with many individuals still struggling to understand the fees associated with their investments. Key Findings: Confidence Gap: While 52% of investors feel confident about understanding f

SAN FRANCISCO--(BUSINESS WIRE)--Northbeam, the AI and machine learning-powered marketing measurement platform proven to help drive profitable growth for businesses, today announced the details of the Northbeam Apex, a new integration with Meta that combines AI, machine learning, and first party data to maximize advertising campaign optimization. Northbeam Apex helps enhance algorithmic performance with more accurate signals, improving budget allocations across channels to achieve dramatic impro

SEATTLE--(BUSINESS WIRE)--Investors Capital Group (ICG), a multifamily investment firm headquartered in Seattle, Washington, has announced the acquisition of “Equestrian Luxury Apartment Homes,” a 288-unit multifamily property located in Tucson, AZ. The property sits on 13.5 acres, and includes amenities such as a clubhouse, fitness center, business center, pool/spa, dog park, BBQ stations, and package lockers. “Equestrian is a well-located, quality project in north Tucson. We are excited to ac

LOS ANGELES--(BUSINESS WIRE)--Phyn, the leader in intelligent water solutions, today announced that it is joining forces with Bamboo, a property and casualty insurance organization that prioritizes simplicity, transparency, and savings, to protect homes from water-related loss and help address the challenges California residents face in securing dependable homeowners insurance. The partnership offers eligible Bamboo policyholders a 10% discount* on insurance premiums for homeowners who install

NEW YORK--(BUSINESS WIRE)--DWS, a leading global asset manager, today announced that Jay DeWaltoff has joined the firm as Head of U.S. Real Estate Debt to accelerate the growth of its existing U.S. real estate credit business and expand its global private credit platform. He will be based in the firm’s New York City office and report directly to Todd Henderson, Co-Global Head of Real Estate and Head of Real Estate for the Americas. Mr. DeWaltoff brings over two decades of origination and struct

CHICAGO & NEW YORK--(BUSINESS WIRE)--Chartis, a leading healthcare advisory firm, today announced that it has entered into a definitive agreement to receive a majority investment from funds managed by Blackstone (”Blackstone”). This strategic investment will support the firm’s continued growth as a leading advisor to providers, payers, technology innovators, retail companies, and investors who are making positive and transformative change within US healthcare. The investment includes continued

LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of B- (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb-” (Fair) of Egyptian Takaful Property & Liability Insurance Company (Egyptian Joint Stock Company) (EGTAK) (Egypt). The outlook of these Credit Ratings (ratings) is stable. Additionally, AM Best has assigned the Egypt National Scale Rating (NSR) of aa+.EG (Superior) to EGTAK with a stable outlook. The ratings reflect EGTAK’s balance she

SALT LAKE CITY--(BUSINESS WIRE)--SpringTide Ventures, a leader in early-stage Health Tech venture capital, today announced Wave 2024. Scheduled for October 2-3, 2024, in Alta, Utah, this annual meeting convenes the top 100 leaders in healthcare to dive deeply into the most impactful emerging technologies, policies, and models of care and payment. “Wave provides something that the larger industry conferences no longer provide: The opportunity for the most forward-thinking C-level executives to m

MEXICO CITY--(BUSINESS WIRE)--FICO (NYSE: FICO): Highlights: PSR uses FICO® Platform Enterprise Optimization capabilities to help improve energy production and water resource management CENACE, Mexico’s National Center for Energy Control, adopts PSR’s tools to optimize the country’s power system operations Implementation results in over US$300 million in savings in 2022 and enhanced flood management in Tabasco PSR won the 2024 FICO® Decision Award for ESG Champion PSR, a global provider of anal