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Best’s Commentary: Insurers Expected to Incur Large Losses From Expanding California Wildfires
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best expects insured losses from the California wildfires to be significant, with more-concentrated individual insurers likely to be more negatively impacted. However, the longer-term impact on the state’s market also may be substantial as insurers will further re-examine their appetites for wildfire risk as it has become highly unpredictable with respect to location, intensity and seasonality. In its Best’s Commentary, “Expanding California Wildfires Expected
Holly Secures $2.2M to Solve Million-Job Vacancy Crisis in Government Workforce
NEW YORK--(BUSINESS WIRE)--Holly, an AI-powered platform modernizing government hiring, announced today the close of its $2.2 million oversubscribed pre-seed round, led by J2 Ventures with participation from Roble Ventures, Gaingels, and prominent angel investors. The funding will support Holly's platform as it works to solve the million-job government workforce vacancy crisis. Holly transforms outdated government hiring systems to accelerate recruitment for 24 million public sector roles. Gove
Bankwell Financial Group, Inc. Announces Date of Fourth Quarter Earnings Conference Call
NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG), the holding company for Bankwell Bank, today announced that it will issue its earnings release for the quarter ended December 31, 2024, on Wednesday, January 22, 2025, after market close. Management will also host an audio webcast and conference call at 10:00 a.m. Eastern Time, on Thursday, January 23, 2025, to review the Company's financial performance and operating results. The audio webcast link, along with th
MetLife to Hold Combined Earnings and Outlook Conference Call
NEW YORK--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) today announced that it will hold a combined fourth quarter and full year 2024 earnings and outlook conference call and audio webcast on Thursday, February 6, 2025, from 9-10 a.m. (ET). The call will follow MetLife’s issuance of its fourth quarter and full year 2024 earnings news release, Fourth Quarter 2024 Financial Supplement and outlook materials on Wednesday, February 5, 2025, after the market closes. The news release, Fourth Quarter 202
Genworth Financial Schedules Earnings Conference Call for February 19
RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) today announced it will issue its earnings release containing fourth quarter results after the market closes on February 18, 2025. A conference call will be held on February 19, 2025, at 9:00 a.m. (ET) to discuss the quarter’s results. Genworth’s earnings release, summary presentation and financial supplement will be available through the company's website, http://investor.genworth.com, at the time of their release to the publ
Mastercard Incorporated to Host Conference Call on Fourth Quarter and Full Year 2024 Financial Results
PURCHASE, N.Y.--(BUSINESS WIRE)--On January 30, 2025, Mastercard (NYSE: MA) will host a conference call to discuss its fourth quarter and full year 2024 financial results.
Block Announces Ticker Symbol Change to XYZ; To Report Fourth Quarter Results
DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Block, Inc. (NYSE: SQ) announced today that it will be changing its ticker symbols from “SQ” and “SQ2” to “XYZ”. This is in connection with the company’s earlier name change to “Block” and its ecosystem of brands including Cash App, Square, Afterpay and TIDAL. The change will be implemented across the company’s dual listings on the New York Stock Exchange (NYSE) and the Australian Securities Exchange (ASX). Effective January 21, 2025, the
Atlassian Announces Date for Second Quarter of Fiscal Year 2025 Financial Results
TEAM Anywhere/SAN FRANCISCO--(BUSINESS WIRE)--Atlassian Corporation (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced that it will release financial results for its second quarter of fiscal year 2025 ended December 31, 2024 after market close on Thursday, January 30, 2025. Atlassian will host a conference call to discuss the financial results at 2:00 P.M. Pacific Time. In conjunction with its earnings press release, Atlassian will post a shareho
SkyWest, Inc. Announces Fourth Quarter and Full Year 2024 Results Call Date
ST. GEORGE, Utah--(BUSINESS WIRE)--SkyWest, Inc. (NASDAQ: SKYW) will host a live conference call and webcast after the market closes on Thursday, January 30, 2025 to discuss fourth quarter and full year 2024 results. The format will include an overview of the quarterly results followed by a Q&A session. Thursday, January 30, 2025 2:30 p.m. Mountain Time Interested parties can access the webcast at: https://events.q4inc.com/attendee/312398142 The call-in number for US callers is 1-888-330-24
Morningstar DBRS Deems Radian Real Estate Management Acceptable Due Diligence Provider
WAYNE, Pa.--(BUSINESS WIRE)--Radian Group Inc. (NYSE: RDN) today announced that DBRS, Inc. (Morningstar DBRS) deems Radian Real Estate Management as an acceptable due diligence firm for business purpose loans and single-family rental Morningstar DBRS-rated residential mortgage-backed securities (RMBS) transactions. Radian Real Estate Management is the longest-standing provider of diligence and valuations for institutional single-borrower, single-family rental (SFR) securitizations, and warehous
RIG INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Transocean Ltd. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
NEW YORK--(BUSINESS WIRE)---- $RIG #TransoceanLtd--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Transocean Ltd. (“Transocean” or “the Company”) (NYSE: RIG) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Transocean sec
IQHQ Raises $900M of Capital in 2024 to Drive Continued Momentum
SAN FRANCISCO--(BUSINESS WIRE)--IQHQ, Inc. (“IQHQ” or “the Company”), a premier owner and developer of world-class life science districts, today announced that $900 million of new capital was raised in 2024, with the most recent closing occurring in December 2024. “These capital rounds, which were led by existing institutional equity investors in IQHQ, demonstrate the long-standing conviction of IQHQ’s investors to its business and the robust outlook for life science real estate to create value
DIVACS, Inc. Launches to Revolutionize Value Management, Sales, and Revenue Retention
NEWARK, Del.--(BUSINESS WIRE)-- #AI--DIVACS, Inc., a groundbreaking technology company dedicated to transforming how businesses manage and articulate value throughout the sales cycle and beyond, proudly announces its launch. Founded by Ryan Schultz, DIVACS is on a mission to empower organizations with tools and strategies that optimize sales performance, enhance client retention, and unlock unparalleled growth. With over two decades of experience in technology and business innovation, Ryan Schultz ha
Corbin Advisors Releases Q4’24 Inside The Buy-Side® Earnings Primer®
HARTFORD, Conn.--(BUSINESS WIRE)--Corbin Advisors, a strategic consultancy accelerating value realization globally, today released its quarterly Earnings Primer®, which captures trends in institutional investor sentiment. The survey, which marks the 61st issue of Inside The Buy-Side® Earnings Primer®, was conducted from December 10, 2024 to January 3, 2025, and is based on responses from 62 institutional investors and sell-side analysts globally, representing ~$913 billion in equity assets unde
AM Best Downgrades Credit Ratings for the Members of American European Insurance Group; Places Credit Ratings Under Review With Negative Implications
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Financial Strength Rating to B-(Fair) from B (Fair) and the Long-Term Issuer Credit Ratings to “bb-” (Fair) from “bb+” (Fair) of Rutgers Casualty Insurance Company and American European Insurance Company, which operate an intercompany reinsurance pooling agreement, and are collectively known as AEIG or the group. Both companies are headquartered in Cherry Hill, NJ. Concurrently, these Credit Ratings (ratings) have been placed under revi
KKR and PSP Investments Acquire Minority Stake in Two American Electric Power Transmission Companies
NEW YORK--(BUSINESS WIRE)--Today, investment funds managed by KKR, a leading global investment firm, and the Public Sector Pension Investment Board (“PSP Investments”), one of Canada’s largest pension investors, announced an agreement to acquire a 19.9% interest in American Electric Power’s (“AEP”) Ohio and Indiana & Michigan transmission companies for $2.82 billion. Founded in 1906 and one of the largest electric utilities in the U.S., AEP has pioneered the country’s energy system through
AM Best Places Credit Ratings of First Guard Insurance Company Under Review With Developing Implications
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has placed under review with developing implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of First Guard Insurance Company (First Guard) (Scottsdale, AZ). First Guard is a subsidiary of Biglari Holdings Inc. [NYSE: BH]. The Credit Ratings (ratings) of First Guard have been placed under review with developing implications following the approval of a reinsurance agreement submitted to the
Morgan Stanley Investment Management’s 1GT Participates in €115 Million Investment in XOCEAN
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Investment Management (MSIM) announced today that the 1GT private climate equity strategy (1GT) participated in a €115 million fundraise for XOCEAN (company), a leading provider of ocean data to the offshore energy and civil hydrography sectors. 1GT participated in an investor consortium that includes S2G Ventures (S2G), Climate Investment (CI), and Crown Family’s CC Industries (CCI). The investor consortium brings fit-for-purpose capital, diverse opera
Barnes Group Shareholders Approve Transaction with Apollo Funds
BRISTOL, Conn.--(BUSINESS WIRE)--Barnes Group Inc. (NYSE: B) (“Barnes” or “the Company”), a global provider of highly engineered products, differentiated industrial technologies and innovative solutions, today announced that its shareholders voted to approve the Company’s previously announced acquisition by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (“Apollo”) (the “Apollo Funds”) at the Company’s Special Meeting of Shareholders (the “Special Meeting”). Under the
CSS Expands Environmental Intelligence Through Acquisition of Riverside Technology
FAIRFAX, Va.--(BUSINESS WIRE)--CSS Inc, a 100% employee-owned, science-based solutions company serving both government and commercial customers, is proud to announce the acquisition of Riverside Technology, Inc., a science and information technology company. About Riverside Technology, Inc. Riverside is a Colorado-based small business with a nationwide team of dedicated environmental engineers and scientists, committed to improving lives through environmental stewardship. For nearly 40 years, R