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KBRA Releases Third-Quarter 2023 U.S. Credit Union Compendium and Expectations for 2024

Fri, 12/08/2023 - 11:35
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases its third-quarter 2023 U.S. Credit Union Compendium, providing the latest view of the U.S. credit union (CU) sector, analysis of 3Q23 results for KBRA-rated U.S. CUs, and expectations for next year. KBRA's inaugural Credit Union Compendium provides a “state of the union” for CUs, with a focus on how industry fundamentals have evolved since the Federal Reserve began its tightening cycle in 1Q22. In KBRA’s view, the higher interest rate environment—which h

AM Best Affirms Credit Ratings of Houston Casualty Group Members and Affiliates

Fri, 12/08/2023 - 11:35
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 the property/casualty (P/C) members of Houston Casualty Group. The lead P/C members are headquartered in Houston, TX, except for HCC Reinsurance Company Limited (Hamilton, Bermuda). AM Best also has affirmed the FSR of A++ (Superior) and the Long-Term ICR of “aa+” (Superior) of HCC Life Insurance Company (HCC Li

Standard Chartered US Earns Top Score in Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index

Fri, 12/08/2023 - 11:35
NEW YORK--(BUSINESS WIRE)--Standard Chartered United States (the “Bank”) today announced that it received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (“CEI”), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. This year is the fifth consecutive year that the Bank has received a perfect score. “Being recognized as the recipient of the Equality 100 Award for five cons

AM Best Affirms Credit Ratings of The Fortegra Group, Inc.’s Insurance Subsidiaries

Fri, 12/08/2023 - 11:35
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a-” (Excellent) of the operating subsidiaries of The Fortegra Group, Inc. (Fortegra) (headquartered in Jacksonville, FL). Fortegra is a wholly owned subsidiary of its publicly traded parent company, Tiptree Inc. [NASDAQ: TIPT]. The property/casualty (P/C) operating subsidiaries of Fortegra include: Lyndon Southern Insurance Compa

Ember Completes Take Private of H2O Innovation

Fri, 12/08/2023 - 11:35
NEW YORK--(BUSINESS WIRE)--Ember Infrastructure Management, LP (“Ember”) announces today the completion of the previously announced acquisition of H2O Innovation Inc. (“H2O Innovation” or the “Company”) by an entity controlled by funds and vehicles managed by Ember, with the participation of Ontario Power Generation Inc. Pension Fund (“OPG”), Investissement Québec (“IQ”), Caisse de dépôt et placement du Québec (“CDPQ”) and key executives of the Company, for a purchase price of $C395 million. “C

Best’s Special Report: U.S. Property/Casualty Industry Posts $32 Billion Underwriting Loss in First Nine Months of 2023

Fri, 12/08/2023 - 11:35
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--The U.S. property/casualty (P/C) industry recorded a $32.2 billion net underwriting loss in the first nine months of 2023, $7.6 billion worse than the underwriting loss posted in the same prior-year period, according to a new AM Best report. These preliminary results are detailed in a new Best’s Special Report, titled, “First Look: Nine-Month 2023 US Property/Casualty Financial Results,” and the data is derived from companies whose nine-month 2023 interim period

Marchex to Participate at the Northland AI Conference

Fri, 12/08/2023 - 11:35
SEATTLE--(BUSINESS WIRE)--Marchex (NASDAQ: MCHX), the award-winning AI-powered conversation intelligence company that helps businesses turn strategic insights into the actions that drive their most valued sales outcomes, today announced that CEO Edwin Miller will participate in a fireside chat with Senior Research Analyst Mike Latimore at the Northland Capital Markets Virtual Artificial Intelligence Investor Conference on Friday, December 15, 2023, at 12:00pm ET (9:00am PT). “We are excited to

Haeggquist & Eck, LLP Investigates Claims on Behalf of Investors of Discover Financial Services (NYSE: DFS)

Fri, 12/08/2023 - 11:35
SAN DIEGO--(BUSINESS WIRE)---- $DFS #DFS--Haeggquist & Eck, LLP Investigates Claims on Behalf of Investors of Discover Financial Services (NYSE: DFS)

Columbia Seligman Premium Technology Growth Fund Announces a Special Fourth Quarter Distribution

Fri, 12/08/2023 - 11:35
BOSTON--(BUSINESS WIRE)--Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a special fourth quarter distribution, beyond its typical quarterly managed distribution policy, in the amount of $0.2669 per share. A federal excise tax of 4% applies to funds that do not distribute substantially all of their annual income (including net gains) before the end of their fiscal year. The Fund’s income for the current fiscal year exceeds the amounts previously dis

Klaviyo to Participate in Upcoming Virtual Investor Group Meeting

Fri, 12/08/2023 - 11:35
BOSTON--(BUSINESS WIRE)--Klaviyo (NYSE: KVYO), the company that powers smarter digital relationships, today announced its planned participation in an upcoming investor group meeting: Barclays Hosted Virtual Group Investor Webcast Wednesday, December 13th, 2023 at 3:00pm ET A live webcast and replay will be available on the Company’s investor relations website at https://investors.klaviyo.com/. Please note presentation time is subject to change. About Klaviyo Klaviyo (CLAY-vee-oh) powers smarter

The Standard Promotes Angelo Rivera to Second Vice President of Specialty Market Sales and Partnerships

Fri, 12/08/2023 - 11:35
PORTLAND, Ore.--(BUSINESS WIRE)--Standard Insurance Company (The Standard) announced today that Angelo Rivera has been promoted to second vice president of Specialty Market Sales and Partnerships in Employee Benefits. In his new role, Rivera will oversee voluntary product and absence management practice leaders, technology solutions consultants, national account practice leaders and strategic partner consultants. Rivera has been with The Standard for more than 15 years. For the past eight years

D.R. Horton, Inc. to Release 2024 First Quarter Earnings on January 23, 2024

Fri, 12/08/2023 - 11:35
ARLINGTON, Texas--(BUSINESS WIRE)---- $DHI #earnings--D.R. Horton announced that the Company will release financial results for its first quarter ended December 31, 2023 on Tuesday, January 23, 2024.

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