Feed aggregator
AM Best Assigns Issue Credit Ratings to Humana Inc.’s New Senior Unsecured Notes
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Long-Term Issue Credit Rating of “bbb” (Good) to the $750 million, 5.5% senior unsecured notes, due 2035, and the $500 million, 6.0% senior unsecured notes, due 2055, issued by Humana Inc. (Humana) (headquartered in Louisville, KY) [NYSE: HUM]. The outlook assigned to these Credit Ratings (ratings) is stable. Humana’s Long-Term Issuer Credit Rating of “bbb” (Good), its Long-Term IRs and the ratings of its insurance subsidiaries are unchange
AM Best Withdraws Credit Ratings of Evergreen Insurance Company Limited
HONG KONG--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Evergreen Insurance Company Limited (EICL) (Bermuda). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process. The ratings reflect EICL’s balance sheet strength, which AM Best assesses as very st
Jensen Investment Management Promotes Jeff Wilson, CFA to Portfolio Manager of Jensen Quality Growth Investment Team
LAKE OSWEGO, Ore.--(BUSINESS WIRE)--Jensen Investment Management, a 100% employee-owned active equity investment management firm, today announces the appointment of Jeff Wilson, CFA, to Portfolio Manager for the Jensen Quality Growth Strategy. With this promotion, Mr. Wilson expands his existing role as Portfolio Manager for the Global Quality Growth Strategy while continuing his contributions as a research analyst across multiple products. Since joining Jensen in 2019, Mr. Wilson has made sign
Comvest Credit Partners Provides $237 Million Senior Credit Facility to Oceans Healthcare, a Platform Backed by Webster Equity Partners
WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- #acquisitionfinancing--Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the sole lender on a $237 million senior secured credit facility (the “Financing”) for Oceans Healthcare (“Oceans”, or the “Company”), of Plano, Texas. The Financing marks Comvest Credit Partners’ fourth investment in Oceans since 2016 and supports the Company’s acquisition o
Legion Technologies and WorkJam Join Forces to Elevate Frontline Workforce Operations
SANTA CLARA, Calif.--(BUSINESS WIRE)--Legion Technologies, an innovator in workforce management, today announced a strategic partnership with WorkJam, the world’s leading digital workplace platform, to advance frontline workforce operations. By integrating WorkJam’s Total Workforce Orchestration® platform with Legion’s AI-driven labor optimization capabilities, the partnership offers a unified system that empowers businesses to enhance task management, boost operational efficiency, and elevate
Jensen Investment Management Announces Employees to Join Ownership of Firm
LAKE OSWEGO, Ore.--(BUSINESS WIRE)--Jensen Investment Management, a 100% employee-owned investment management firm founded in 1988, today announces the addition of three employees to firm’s ownership: Holly Campbell, Manager, Operations; Crista DesRochers, Director, Client Services; and Alisa Millerd, Associate Director, Operations. This announcement coincides with the previously announced retirement of Managing Director Eric Schoenstein, effective March 1, 2025. "Our ongoing commitment to main
Oxbridge Health Disrupts Texas Healthcare Market with Innovative Episode Benefit Plans
NORWALK, Conn.--(BUSINESS WIRE)-- #consumerchoice--Oxbridge Health Disrupts Texas Healthcare Market with Innovative Episode Benefit Plans
Core Managed Opens New Atlanta Office to Support Metro Atlanta Businesses
ATLANTA--(BUSINESS WIRE)-- #Cybersecurity--Core Managed, a growing leader in Managed IT Services, is proud to announce the opening of its new office in Atlanta, GA. This move is a significant step in Core Managed’s mission to provide businesses in the Metro Atlanta area with IT solutions that are both innovative and dependable. Atlanta’s thriving business community and reputation as a technology and logistics hub made it the perfect choice for Core Managed’s latest expansion. The new office will allow the compa
Nexval.ai Unveils 2025 Webinar Series on AI in Mortgage Servicing Following Key Takeaways from MBA Servicing Conference
MIAMI--(BUSINESS WIRE)-- #AI--Nexval.ai Unveils 2025 Webinar Series on AI in Mortgage Servicing Following Key Takeaways from MBA Servicing Conference.
John Timotheou Joins SummitTX Capital as Chief Technology Officer
FORT WORTH, Texas--(BUSINESS WIRE)--SummitTX Capital, L.P., the multi-strategy, multi-manager hedge fund based in Fort Worth, Texas, today announced the appointment of John Timotheou as Chief Technology Officer. In this role, Timotheou will oversee all aspects of firm-wide technology strategy, including infrastructure, cloud initiatives, AI, and development. He will play a key role in driving innovation and ensuring that SummitTX’s technology capabilities continue to support and enhance the fir
Episode Six Achieves Strategic Fundraising from Japan Airlines
AUSTIN, Texas & TOKYO--(BUSINESS WIRE)--Episode Six (E6), a global provider of ledger and cards infrastructure, has secured a strategic investment from Japan Airlines (JAL), a longstanding customer of E6 since 2017. This investment allows JAL to contribute to E6’s ongoing success while advancing its financial services initiatives, including JAL Pay, the core payments feature integrated into JAL’s ecosystem, and expanding new offerings to serve JAL’s approximately 30 million customers. The annou
PS Advisory Releases Insights on Driving Profitable Underwriting and Enhancing Producer Loyalty
BALTIMORE--(BUSINESS WIRE)---- $CRM #AIinInsurance--PS Advisory's latest white paper reveals how insurers can reduce operational friction and enhance producer loyalty using advanced AI and Salesforce.
Robert Boulware, Chairman of The Private Shares Fund, Appointed Lecturer at University of California, Santa Barbara to Develop and Teach New Course on Venture Capital and Private Equity
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Robert Boulware, Chairman of the Board of Trustees of The Private Shares Fund, has been appointed as a Lecturer at the University of California, Santa Barbara (UCSB), where he has developed the syllabus and course content for TMP191VC: Venture Capital and Private Equity. This undergraduate course, launching in the Winter Quarter 2025, will be the first at UCSB to focus on the role of private capital in driving innovation and economic growth, and is offere
Andersen Global Strengthens Saudi Arabia Presence with Al-Sharif Law Firm
SAN FRANCISCO--(BUSINESS WIRE)-- #agexpansion--Andersen Global continues to enhance its multidisciplinary capabilities in the Middle East through a Collaboration Agreement with Al-Sharif Law Firm.
Practifi Unveils AI-Driven CRM- Strategy to Power the Future of Wealth Management
CHICAGO--(BUSINESS WIRE)--Practifi, the leading CRM purpose-built for wealth management firms, today announced its commitment to integrating artificial intelligence (AI) across its platform, empowering financial advisors to enhance client relationships, streamline operations and drive new levels of growth. This strategic move reinforces Practifi’s vision of providing a cutting-edge CRM solution that anticipates the future needs of the wealth management industry, positioning Practifi as the hub
martini.ai Introduces AI-Powered Scenario Builder to Transform Portfolio Risk Analysis
PALO ALTO, Calif.--(BUSINESS WIRE)-- #RajivBhat--martini.ai Scenario Builder allows financial professionals to model economic events, stress test portfolios in real time, and adjust risk exposure.
AM Best reaffirms Church Mutual’s financial strength
MERRILL, Wis.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Church Mutual Insurance Company, S.I. The outlook assigned to these Credit Ratings (ratings) is negative. These ratings apply to Church Mutual® and its wholly owned subsidiaries including CM Regent Insurance Company, CM Vantage Specialty Insurance Company and CM Indemnity Insurance Company. The ratings of the group reflect its balance
QUBT Investor Alert: A Securities Fraud Class Action Lawsuit Has Been Filed Against Quantum Computing Inc. (QUBT) - Contact Kessler Topaz Meltzer & Check, LLP
RADNOR, Pa.--(BUSINESS WIRE)-- #classaction--The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Quantum Computing Inc. (“QCI”) (NASDAQ: QUBT) on behalf of those who purchased or otherwise acquired QCI securities between March 30, 2020, and January 15, 2025, inclusive (the “Class Period”). The lead plaintiff deadline is April 28, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered QCI losses, yo
Team with $210 Million Moves to Ameriprise Financial for Superior Client Experience and Support to Grow
MINNEAPOLIS--(BUSINESS WIRE)--Private wealth advisory practice, Highland Wealth Management, recently joined the independent channel of Ameriprise Financial, Inc. (NYSE: AMP) from LPL Financial with $210 million in assets. The practice, located in Columbia, Lewisburg and Pulaski, Tenn., is led by Private Wealth Advisor Lee Hooks MBA, CFP®, and includes financial advisors Adam Kock, Clyde Allen III, Kathryn Haislip Lintz, Mike Wickberg and Whitney Shimatsu. Highland Wealth Management conducted an
Zeal Capital Partners Promotes Stefanie Thomas-Martin to Partner
WASHINGTON--(BUSINESS WIRE)-- #InclusiveInvesting--Zeal Capital Partners, a leading Washington, D.C.-based venture capital firm focused on investing in early-stage technology businesses led by exceptional management teams, today announced Stefanie Thomas-Martin’s promotion from Managing Director to Partner. Thomas-Martin will join Zeal’s Founder and Managing Partner, Nasir Qadree, in overseeing the execution of the firm’s portfolio strategy and will serve on the Investment Committee across all mandates. Additionally