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Best’s Special Report: Private Equity and Investment Managers Continues to Enter Life/Annuity Market

Thu, 12/07/2023 - 11:35
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--Private equity-owned insurers increased their stake in the industry’s admitted assets in 2022 by more than 15% on a year-over-year basis, according to a new AM Best special report. In its Best’s Special Report, “Private Equity and Investment Managers Continue to Enter Life/Annuity Market,” AM Best states that outside capital was active in entering the life/annuity segment in 2022, which helped private equity (PE)-owned insurers increase their share of admitted as

American Express Declares Regular Quarterly Dividend

Thu, 12/07/2023 - 11:35
NEW YORK--(BUSINESS WIRE)--The Board of Directors of American Express Company (NYSE: AXP) has declared a regular quarterly dividend of $0.60 per common share, payable on February 9, 2024, to shareholders of record on January 5, 2024. ABOUT AMERICAN EXPRESS American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.

Phunware Announces Pricing of $2.8 Million Public Offering

Thu, 12/07/2023 - 11:35
AUSTIN, Texas--(BUSINESS WIRE)--Phunware Announces Pricing of $2.8 Million Public Offering

SullivanCotter Reports Median Hourly Rates Up by Over 5% for Health Care Employees

Thu, 12/07/2023 - 11:35
CHICAGO--(BUSINESS WIRE)--SullivanCotter reports median hourly rates up by over 5% for health care employees as part of 2023 Health Care Staff Compensation Survey Report

BECO Holding Company, an H.I.G. Capital Portfolio Company, Completes Two Strategic Acquisitions

Thu, 12/07/2023 - 11:35
NEW YORK--(BUSINESS WIRE)-- #Acquisition--BECO Holding Company, a portfolio company of H.I.G. Capital, has completed the acquisitions of Electronic Supply Company and Grease Lock™.

Summit Financial Takes Minority Stake in Prostatis Financial Advisors Group

Thu, 12/07/2023 - 11:35
PARSIPPANY, N.J.--(BUSINESS WIRE)--Summit Financial Holdings (“Summit”), a top firm for values-driven independent and breakaway advisors, has through its affiliate, Summit Growth Partners, made a strategic investment in Prostatis Financial Advisors Group (“Prostatis”), marking the firm’s fifth strategic investment this year. A registered investment adviser (RIA) with a 20-year track record, Prostatis specializes in the tax-efficient growth and protection of wealth for high-net-worth individuals

Acquire BPO Expands Reach with Grand Opening of U.S. Headquarters in Irving, Texas

Thu, 12/07/2023 - 11:35
IRVING, Texas--(BUSINESS WIRE)--Acquire BPO, a global leader in customer experience and business process outsourcing, today announced the opening of its U.S. headquarters in Irving, Texas, a key milestone in the company's expansion strategy and commitment to creating a thriving global community. Positioned within the Dallas-Fort Worth metroplex, this new location expects to hire more than 130 employees in the near term with ability to expand its current location and signifies Acquire's dedicati

Collective Health Drives Continued Momentum in its Partner Ecosystem; Adds New Premier Partners and Names New Strategic Partnerships Team Leader

Thu, 12/07/2023 - 11:35
SAN FRANCISCO--(BUSINESS WIRE)--Collective Health, the employee health benefits platform with integrated member advocacy and clinical navigation, today welcomed two new partners to its Premier Partner Program™, Galileo and Tria Health. In addition, the company announced the appointment of Manar Bustami as its Vice President of Strategic Partnerships, filling a key role in the company’s leadership team. Collective Health’s Premier Partner Program™ features a select group of digital health progra

Jackson Enhances Suite of Digital Tools with Launch of Tax Deferral Calculator

Thu, 12/07/2023 - 11:35
LANSING, Mich.--(BUSINESS WIRE)--Jackson National Life Insurance Company (Jackson®), the main operating subsidiary of Jackson Financial Inc.1 (NYSE: JXN), today announced it has launched a proprietary tax deferral calculator available to financial professionals and their clients on Jackson.com. The new tool complements Jackson’s robust suite of online financial planning tools, including its Social Security and retirement expense and income calculators. The tax deferral calculator was developed

Atlantic Union Bank Comments on Settlement with the Consumer Financial Protection Bureau

Thu, 12/07/2023 - 11:35
RICHMOND, Va.--(BUSINESS WIRE)--Atlantic Union Bank (“Atlantic Union”), a subsidiary of Atlantic Union Bankshares Corporation, announced today it has settled an investigation by the Consumer Financial Protection Bureau (“CFPB”) into certain practices of Atlantic Union during the period from 2017 to 2020 relating to its Opt-In Overdraft Privilege service. As part of the settlement, Atlantic Union will pay a civil penalty of $1.2 million and will refund at least $5.0 million in fees to impacted c

Altruist Launches New Integrations, Boosting RIA Efficiency

Thu, 12/07/2023 - 11:35
LOS ANGELES--(BUSINESS WIRE)--Today, Altruist, the modern custodian built exclusively for Registered Investment Advisors (RIAs), proudly announces six new powerful integrations, helping independent advisors simplify and streamline critical business workflows. Orion, Redtail, Kwanti, Moneyguide, IncomeLab and eMoney join an impressive list of existing integration partners that includes Wealthbox, Right Capital, Black Diamond, Advyzon and Nitrogen. Altruist advisors can look forward to additional

Upland FileBound Named a Gold Medalist in the 2023 SoftwareReviews ECM Data Quadrant Report

Thu, 12/07/2023 - 11:35
AUSTIN, Texas--(BUSINESS WIRE)--Upland Software, Inc. (Nasdaq: UPLD) has been recognized, for the third year in a row, as a gold medalist and leader in the 2023 Enterprise Content Management Data Quadrant report from SoftwareReviews for its document management and workflow automation product, FileBound. The award is based on the combined knowledge of real users, and placement is based on overall satisfaction with product features, vendor experience, capabilities, and emotional sentiment. “A big

DISCO Publicly Launches Cecilia, an AI-Powered Platform for Legal Professionals to Transform their Workflows and Accelerate Fact Finding

Thu, 12/07/2023 - 11:35
AUSTIN, Texas--(BUSINESS WIRE)--DISCO (NYSE: LAW), a leader in AI-enabled legal technology, announced today the general availability of its Cecilia AI platform, a comprehensive suite of features that includes Cecilia Q&A and Cecilia Timelines. Cecilia leverages the power of generative AI technology in a scalable and secure way, and is designed to give legal professionals an advanced solution to access the facts of their case faster, spend less time on cumbersome manual tasks, and enhance th

Emburse and Mastercard Partner to Deliver Enhanced Security, Proactive Spend Control, and Transaction Data

Thu, 12/07/2023 - 11:35
LOS ANGELES & PORTLAND, Maine--(BUSINESS WIRE)--Emburse, a leader in travel and expense (T&E) management, today announced Mastercard as the new payments network for Emburse Cards. The partnership will help modern finance teams embrace the digital economy and make purchase transactions safe, simple, smart and accessible while automating traditionally manual reconciliation processes. With Emburse Cards, finance professionals can easily issue and manage virtual and physical corporate cards fro

Voya enhances employee wellness platform with launch of new homepage experience

Thu, 12/07/2023 - 11:35
WINDSOR, Conn.--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA), a leading health, wealth and investment company, is announcing today the launch of its new employee homepage dashboard, the latest addition to the company’s platform of employee wellness solutions. The new experience, which will be available to Voya’s Health Solutions and Wealth Solutions individual customers, provides access and visibility to all of one’s Voya workplace retirement plans and health savings accounts in one place

Arjuna Capital: Microsoft Investors Weigh in on Generative Artificial Intelligence’s Mis- and Disinformation Problem

Thu, 12/07/2023 - 11:35
BOSTON--(BUSINESS WIRE)--Today, Microsoft investors will vote on proposal 13, which asks the Company to report on risks associated with the misinformation and disinformation generated and disseminated via its generative Artificial Intelligence (gAI) and plans to mitigate these risks. The proposal was submitted by lead filer Arjuna Capital on behalf of Krist Novoselic, in partnership with OpenMic, and cofiled by Eko, Azzad Asset Management, Meyer Memorial Trust, and Marguerite Casey Foundation.

Synovus donates $1 million to Children’s Healthcare of Atlanta to expand prevention efforts in rural Georgia

Thu, 12/07/2023 - 11:35
ATLANTA--(BUSINESS WIRE)--Synovus Bank and Children’s Healthcare of Atlanta announce a $1 million commitment from the bank to improve the health of kids in rural Georgia. The $1 million gift from Synovus expands Children's prevention programs in rural communities, including programs focused on obesity, injury/illness, child protection and behavioral and mental health. One such program, Virtual Challenge, is a year-long, elementary-school-based program that teaches students, teachers and staff h

Vontobel Wins CIO 2023 Industry Innovation Award

Thu, 12/07/2023 - 11:35
NEW YORK--(BUSINESS WIRE)--Vontobel was named a winner at the CIO Asset Management & Servicing Industry Innovation Awards in the category of emerging markets. “On behalf of Vontobel, it is an honor to accept this award in recognition of our high-conviction, contrarian approach to emerging markets debt” said Sergey Goncharov, Head of Fixed Income Boutique Americas. “At the heart of our investment philosophy, we want to generate returns for our investors by capturing value and event-driven op

Walgreens Boots Alliance Schedules Fiscal 2024 First Quarter Earnings Announcement for January 4

Thu, 12/07/2023 - 11:35
DEERFIELD, Ill.--(BUSINESS WIRE)--Walgreens Boots Alliance, Inc. (Nasdaq: WBA) will release its fiscal 2024 first quarter results at 7 a.m. ET on Thursday, January 4, 2024, followed by a one-hour conference call with WBA management beginning at 8:30 a.m. ET. The conference call will be simulcast through the WBA investor relations website at: http://investor.walgreensbootsalliance.com. A replay will be archived on the website for 12 months after the call. The replay will also be available from a

Polychain Capital and Hack VC Lead $18 Million Funding Round for Bitcoin Staking Protocol Babylon

Thu, 12/07/2023 - 11:35
PALO ALTO, Calif.--(BUSINESS WIRE)--Babylon, the project that aims to build a Bitcoin-secured decentralized world, today announced the close of its $18 million funding round. The round was co-led by Polychain Capital and Hack VC, with participation from Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, Finality Capital, Breyer Capital, Symbolic Capital, IOSG Ventures and many other investors. The funds will be used to bolster the advancement of Babylon's Bitcoin Stakin

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