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NEW YORK--(BUSINESS WIRE)--As widely reported and stated by several of the company’s investors, creditors will likely be taking control of Medallia, Inc. following several years of performance headwinds and the sponsor’s decision not to provide additional equity. Although this represents one of the larger term loans in the direct lending market—at nearly $3 billion—we conclude that KBRA-rated vehicles with exposure, as well as the broader direct lending market, are well positioned to absorb any...

WELLESLEY, Mass.--(BUSINESS WIRE)--TruVideo's video intelligence engine helps reduce Aircraft on Ground time, and improve underwriting accuracy, fraud prevention and claims efficiency....

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of ALPS Property & Casualty Insurance Company (ALPS) (Missoula, MT) remain unchanged following the May 6, 2026, announcement that ALPS has entered into a definitive agreement to acquire the Ohio Bar Liability Insurance Company (OBLIC), a leading provider of professional liability insurance for attorneys in Ohio. ALPS specializes in providing...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has commented that the Credit Ratings (ratings) of Ohio Bar Liability Insurance Company (OBLIC) (Columbus, OH) remain unchanged following the announcement that The Ohio State Bar Association (OSBA) and ALPS Property & Casualty Insurance Company (ALPS) have entered into a definitive agreement under which ALPS will acquire OBLIC, a leading provider of professional liability insurance for attorneys in Ohio. OBLIC has a Financial Strength Rating of A (Exc...

NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) released today its annual Benefits & Beyond study, showing how economic uncertainty and rising medical costs are exacerbating financial stress and placing added strain on employees’ mental health. The research finds financial stress is no longer just a budget concern for employees. It is increasingly linked to mental strain and health decisions, which can have a ripple effect on workplace engagement. At the same time, the...

NEW YORK--(BUSINESS WIRE)--Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the additions of John Mori and Eric Friel as managing directors to lead a new group that will focus on distressed debt and special assets. Mori will be based in Greenwich and Friel will be in New York, both reporting to Michael Piper, head of fixed income at Piper Sandler. The distressed debt and special asset group will source and trade specialized credit products, including distr...

WASHINGTON--(BUSINESS WIRE)--CellTrust is making significant progress on its FedRAMP authorization to meet the demand for mobile communications capture for the public sector....

OLDWICK, N.J.--(BUSINESS WIRE)--The return-on-equity for U.S. property/casualty (P/C) insurers reached a decade high level of 14.97% in 2025, while the cost of equity held relatively steady at 8.18%, according to a new AM Best report. Last year started with an early challenge for P/C insurers as the California wildfires caused extensive damage in January. Fortunately, a relatively benign hurricane season alleviated potential pressure on underwriting losses over the balance of the year. The medi...

MCLEAN, Va.--(BUSINESS WIRE)--Claritev Corporation (“Claritev” or the “Company”) (NYSE: CTEV), a technology, data and insights company focused on making healthcare more affordable, transparent and fair for all, today announced that members of its management team will meet with investors and host a presentation at the BofA Securities 2026 Global Health Care Conference in Las Vegas. The Company will webcast its presentation scheduled for 5:00 pm PT on Wednesday, May 13, 2026. To listen to the web...

NEW YORK--(BUSINESS WIRE)--KKR Alternative Assets L.P. (the “Purchaser”), a Delaware limited partnership and an indirect subsidiary of KKR & Co. Inc., announced today its intention to commence a tender offer (the “Tender Offer”) to purchase up to $150,000,000 in aggregate amount of shares of common stock, par value $0.001 per share (the “Shares”), of FS KKR Capital Corp., a Maryland corporation (NYSE: FSK) (the “Company”). The Purchaser expects to purchase the Shares in cash at a fixed pric...