Newsroom | 191579 results

BOCA RATON, Fla.--(BUSINESS WIRE)--Polen Capital Management (“Polen”), a global investment management firm specializing in growth equity and credit, today announced the closing of its second collateralized loan obligation (“CLO”) of the year. Polen Capital CLO 2025-2, Ltd., a $408.45 million CLO that is secured primarily by a pool of broadly syndicated first-lien loans, represents the next step in the firm’s ongoing expansion of its credit and structured finance capabilities. The firm closed it...

SAN FRANCISCO--(BUSINESS WIRE)--The Office of the Comptroller of the Currency (OCC) today announced that Ripple, the leader in enterprise blockchain and crypto solutions, received conditional approval for its application to establish Ripple National Trust Bank (RNTB), a federally supervised trust bank. This OCC approval comes after the passage of the GENIUS Act, which President Trump signed in July 2025 to establish clear rules of the road for U.S. stablecoins. Today's announcement from the OCC...

NEW YORK--(BUSINESS WIRE)--Circle Internet Group, Inc. (NYSE: CRCL), one of the world’s leading internet financial platform companies, today announced that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, First National Digital Currency Bank, N.A. Once fully approved, First National Digital Currency Bank would operate as a federally regulated trust bank, subject to OCC oversight, and would oversee the management of...

LONDON--(BUSINESS WIRE)--AM Best has revised the implications of the under review status to negative from developing for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Bahrain National Insurance Company B.S.C. (c) (BNI) (Bahrain). The Credit Ratings (ratings) reflect BNI’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk mana...

OLDWICK, N.J.--(BUSINESS WIRE)--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 core Blue Cross Blue Shield (BCBS)-branded insurance subsidiaries of Elevance Health, Inc. (Elevance) (Indianapolis, IN) [NYSE: ELV], as well as most of its non-Blue-branded subsidiaries. In addition, AM Best has upgraded the FSR to A (Excellent) from A- (Excellent) and the Long-Term ICR to “a+” (Excellent)...

CHICAGO--(BUSINESS WIRE)--D.A. Davidson & Co. announced today that it served as exclusive financial advisor to Alamo Group Inc. (“Alamo”) on its purchase of Petersen Industries, Inc. (“Petersen”). Alamo is a leading global manufacturer of high-quality industrial and vegetation management equipment. Petersen is an innovative manufacturer of truck-mounted grapple loader equipment. Petersen provides high-quality grapple truck loaders to governmental end-customers for the handling of bulky wast...

PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced its inclusion in the Wall Street Journal’s 250 Best-Managed Companies list for the second consecutive year. This annual list evaluates companies across five key dimensions: customer satisfaction, employee engagement and development, innovation, social responsibility, and financial strength. PPG earned a place among the top-scoring organizations for its commitment to disciplined innovation, stakeholder engagement and responsible managem...

LONDON--(BUSINESS WIRE)--AM Best has revised the implications of the under review status to negative from developing for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of First Insurance Company (SFIC) (Jordan). The Credit Ratings (ratings) reflect SFIC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings...

OLDWICK, N.J.--(BUSINESS WIRE)--The U.S. life/annuity industry reported a 13.8% increase in net income during the first nine months of 2025 compared with the same prior-year period, driven in part by an 8.1% increase in net investment income, according to a new AM Best report. This financial review is detailed in a new Best’s Special Report, “First Look: Nine-Month 2025 Life/Annuity Financial Results,” and the data is derived from companies’ nine-month 2025 interim statutory statements that wer...

STAMFORD, Conn.--(BUSINESS WIRE)--Reference is made to the stock exchange announcement by SmartCraft ASA ("SmartCraft" or the "Company") on 1 December 2025 regarding the contemplated relisting of SmartCraft from Euronext Oslo Børs to Nasdaq Stockholm (the "Relisting") and the announcement of a cross-border merger to effect the Relisting. Funds managed by Anabranch Capital Management, LP (“Anabranch”) intend to vote in favour of the merger plan resolved by the boards of SmartCraft and its Swedis...