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AM Best Affirms Credit Ratings of General Reinsurance Corporation and Its Subsidiaries

Fri, 11/07/2025 - 12:01
OLDWICK, N.J.--(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 General Reinsurance Corporation (headquartered in Stamford, CT) and its core property/casualty (P/C) and life (re)insurance subsidiaries operating in the United States and internationally. These companies collectively are known as General Re Group (Gen Re). (Please see below for a detailed listing of these compa

KBRA Releases Monthly CMBS Trend Watch

Fri, 11/07/2025 - 12:01
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases the October 2025 issue of CMBS Trend Watch. As we approach year-end, commercial mortgage-backed securities (CMBS) private label issuance is on track to have its strongest year since 2007. Helping us get there, our current visibility shows up to 21 potential deals in November including eight single-borrower (SB), seven conduit, five commercial real estate (CRE) collateralized loan obligations (CLO), and one Freddie Mac K-Series (Agency) deal. In October,

Citi Unveils Strategic Expansion of Citi Token Services: Euro Integration Advances 24/7, Multi-Currency Liquidity and Payment Solutions Globally

Fri, 11/07/2025 - 12:01
NEW YORK--(BUSINESS WIRE)--Citi today announced the expansion of Citi Token Services (CTS) with the integration of Euro transactions and an extended footprint to Dublin, Ireland. This development broadens the platform’s reach across multiple currencies and markets aiming to enhance 24/7, real-time, cross-border liquidity and payment capabilities for corporate and institutional clients globally. The solution is currently live in key financial hubs including the US, UK, Singapore, and Hong Kong,

Playback Now Available for AM Best-Hosted Webinar on Confronting Legal System Abuse

Fri, 11/07/2025 - 12:01
OLDWICK, N.J.--(BUSINESS WIRE)--Video playback is now available for a complimentary webinar titled “Confronting Legal System Abuse: Risks, Impacts and the Insurance Industry Response,” hosted by AM Best and sponsored by Munich Re US. Access it here. Legal system abuse continues to pose significant challenges for insurers, driving claims costs, impacting underwriting strategies and straining policyholder affordability. In this one-hour webinar, a panel of insurance industry and legal experts exp

Martin Walker Honored in Best Law Firms List

Fri, 11/07/2025 - 12:01
TYLER, Texas--(BUSINESS WIRE)--Martin Walker PC has been named to the 2026 Best Law Firms list, extending to more than 15 years its tenure on the elite roster compiled by The Best Lawyers in America legal guide. The firm once again received a Tier 1 ranking for its work representing plaintiffs in personal injury litigation in the Tyler area. Best Law Firms honorees are selected through survey results and feedback from clients and peer attorneys. To be eligible, a firm must have at least one att

STAAR Surgical Announces Amendments to Alcon Merger Agreement

Fri, 11/07/2025 - 12:01
LAKE FOREST, Calif.--(BUSINESS WIRE)--STAAR Surgical Company (NASDAQ: STAA), the global leader in phakic IOLs with the EVO family of Implantable Collamer® Lenses (EVO ICL™) for vision correction, today announced that the Company has agreed with Alcon Inc. (SIX/NYSE: ALC) to amend their merger agreement to allow proactive solicitation by STAAR of third-party proposals to maximize value for all STAAR stockholders. The amended agreement includes: A new 30-day go-shop period: The new go-shop period

Walker Sands Named a Top Workplace by the Chicago Tribune, Celebrating Continued Cultural Excellence

Fri, 11/07/2025 - 12:01
CHICAGO--(BUSINESS WIRE)--Walker Sands, an integrated B2B growth services agency, has been named a Top Workplace by the Chicago Tribune, recognizing the agency as one of the best places to work in Chicagoland. The list is compiled solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage. The confidential survey uniquely measures the employee experience and its component themes, including employees feeling respected, suppor

SBSB Eastham Earns Place in 2026 Best Law Firms Guide

Fri, 11/07/2025 - 12:01
HOUSTON--(BUSINESS WIRE)--Schouest, Bamdas, Soshea, BenMaier & Eastham PLLC (SBSB Eastham) has been named to the 2026 Best Law Firms guide, compiled by The Best Lawyers in America, one of the most highly regarded legal guides in the country. The firm earned top-tier status for its work in admiralty and maritime law both nationally and in the Houston metro area. It also received top-tier status in personal injury litigation on behalf of defendants in Houston. Additionally, SBSB Eastham earne

PitchBook President & COO Rod Diefendorf Named 2025 Inspiring Leader

Fri, 11/07/2025 - 12:01
SEATTLE--(BUSINESS WIRE)--PitchBook, the leading private capital market intelligence provider, today announced that Rod Diefendorf, President and Chief Operating Officer, has been named a 2025 Inspiring Leader by Inspiring Workplaces. The award honors leaders who go above and beyond to positively impact their organizations and the people within them. Since joining PitchBook in 2016, Diefendorf has helped guide the company through transformational growth—from 500 employees to more than 3,000 glo

Yodlee and JPMorganChase Strengthen Decades-Long Partnership With Updated Data Access Agreement

Fri, 11/07/2025 - 12:01
RALEIGH, N.C.--(BUSINESS WIRE)--Yodlee and JPMorganChase further strengthened their 20-year partnership through an amendment to their existing Data Access agreement.

CHS Foundation and CoBank Partner to Donate $2 Million to Feeding America® Amid Rising Needs at Rural Food Banks

Fri, 11/07/2025 - 12:01
ST. PAUL, Minn.--(BUSINESS WIRE)--CHS Foundation and CoBank partner to donate a combined $2 million to Feeding America amid rising needs at rural food banks

Intapp DealCloud named Deal Origination Solution of the Year: Credit at the 2025 Private Equity Wire U.S. Awards

Fri, 11/07/2025 - 09:01
PALO ALTO, Calif.--(BUSINESS WIRE)--Intapp DealCloud was named Deal Origination solution of the Year: Credit at the 2025 Private Equity Wire U.S. Awards.

Taxbit Wins the Digital Banker’s 2025 Digital Assets Award for Best Technology Solution Provider for Digital Assets - Tax & Compliance Automation

Fri, 11/07/2025 - 09:01
NEW YORK--(BUSINESS WIRE)--Taxbit, the leading enterprise-grade tax and accounting compliance platform, today announced it has been honored with The Digital Banker’s 2025 Digital Assets Award for Best Technology Solution Provider for Digital Assets - Tax & Compliance Automation. The Digital Banker recognized Taxbit, citing its trust among enterprises, financial institutions, and government agencies, and its ability to provide “a comprehensive, end-to-end solution that drives accuracy, effic

Experian Named a Leader in IDC MarketScape: Worldwide Identity Verification in Financial Services 2025 Vendor Assessment

Fri, 11/07/2025 - 09:01
COSTA MESA, Calif.--(BUSINESS WIRE)--Experian announced it has been named a leader in the IDC MarketScape: Worldwide Identity Verification in Financial Services 2025 Vendor Assessment.

Stewart Strengthens Real Estate Services Portfolio by Announcing its Intent to Acquire Mortgage Contracting Services (MCS)

Fri, 11/07/2025 - 09:01
HOUSTON--(BUSINESS WIRE)--SISCO Holdings, LLC, a Delaware company wholly owned by Stewart Information Services Corporation (NYSE:STC) today announced its entry into an agreement to acquire the mortgage services of Mortgage Contracting Services (MCS), a property preservation services provider. As part of the agreement, Stewart will acquire all the operations and technology supporting mortgage servicers and lenders in their property preservation efforts. “We are pleased to announce our intent to

PitchBook Expands Credit Research Suite with New CLO Portfolio Holdings Universe

Fri, 11/07/2025 - 09:01
SEATTLE--(BUSINESS WIRE)--PitchBook, the leading private capital market intelligence platform, today launched the CLO Portfolio Holdings Universe, a new feature within its Credit Research suite on the PitchBook platform. The new offering delivers greater transparency and insight into collateralized loan obligation (CLO) portfolios, building on PitchBook’s earlier expansion of CLO data coverage. Designed for investors, fund managers, and credit strategists, the CLO Portfolio Holdings Universe pr

ASA Launches AI-Driven Suite to Help Credit Unions and Banks Strengthen Engagement, Simplify Data, and Deliver Smarter Financial Wellness Tools

Fri, 11/07/2025 - 09:01
PROVO, Utah--(BUSINESS WIRE)--ASA has unveiled a new suite of artificial intelligence–powered products created to help financial institutions address today’s toughest challenges.

Franklin Resources, Inc. Announces Preliminary Fourth Quarter and Fiscal Year Results

Fri, 11/07/2025 - 09:01
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (the “Company”) [NYSE: BEN ] today announced preliminary net income1 of $117.6 million or $0.21 per diluted share for the quarter ended September 30, 2025, as compared to net income of $92.3 million or $0.15 per diluted share for the previous quarter, and net loss of $84.7 million or $0.19 per diluted share for the quarter ended September 30, 2024. Preliminary net income1 for the fiscal year ended September 30, 2025 was $524.9 million

Rand Capital Reports Third Quarter 2025 Results

Fri, 11/07/2025 - 09:01
BUFFALO, N.Y.--(BUSINESS WIRE)--Rand Capital Corporation (Nasdaq: RAND) Reports Third Quarter 2025 Results

Trinity Place Holdings Inc. Reports Third Quarter Financial Results

Fri, 11/07/2025 - 09:01
NEW YORK--(BUSINESS WIRE)--Trinity Place Holdings Inc. (OTC PINK: TPHS) (the "Company," "we," "our," or "us") today announced operating results for the third quarter ended September 30, 2025. The Company is an intellectual property holding, investment, and commercialization company. We own and control a portfolio of intellectual property assets focused on the consumer sector, a legacy of our predecessor, Syms Corp. (“Syms”), including FilenesBasement.com, our rights to the Stanley Blacker® bran

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