Feed aggregator
HarbourView Equity Partners Acquires Stake in Global Superstar and Multi-Hyphenate Entertainer Kelly Clarkson’s Music Catalogue
NASHVILLE, Tenn. & NEWARK, N.J.--(BUSINESS WIRE)--HarbourView Equity Partners (HarbourView), a multi-strategy investment firm focused on investment opportunities in music, sports, media and entertainment industries, today announced that it has entered into a strategic partnership with global superstar and multi-hyphenate entertainer Kelly Clarkson, acquiring a portion of her life’s works, marking a significant addition to the firm’s portfolio of iconic artists. The acquisition includes some of
Aviation Capital Group Announces Closing of $750 Million Senior Unsecured Notes
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- #acg--Aviation Capital Group LLC (“ACG”), a premier global full-service aircraft asset manager, announced today the closing of its sale of $750 million aggregate principal of 4.800% senior unsecured notes due October 2030 (the “Notes”). The Notes are recourse only to ACG and are not guaranteed by ACG’s parent company, any of ACG’s subsidiaries, or any third party. ACG intends to use the net proceeds from the Notes for general corporate purposes, including repay
ThetaRay Launches Self-Service Rule Builder and Simulator Giving Compliance Teams Direct Control and Faster Rule Deployment
NEW YORK--(BUSINESS WIRE)-- #antimoneylaundering--ThetaRay launches no-code Rule Builder and Simulator, giving compliance teams full control to build, test, and deploy AML rules faster and safer.
Fears Law Partners Named to 2025 Lawdragon X – The Next Generation List
DALLAS--(BUSINESS WIRE)--Fears Law partners Brice Burris, Avani Javia and Jeremy Ayer have been named to the 2025 Lawdragon X – The Next Generation guide, a prestigious recognition honoring attorneys with less than 15 years' experience who are making a significant impact on the future of law. In its third edition, the guide describes this year’s honorees as “multitalented, dedicated, focused - and the best argument there is for the vitality of the law no matter what your particular take on it.”
The Sterling Group Foundation Fund Launches a New Platform, AGS American Glass Services
DALLAS--(BUSINESS WIRE)--The Sterling Group Foundation Fund (the “Foundation Fund”), an operationally focused lower middle market private equity firm, announced the establishment of AGS American Glass Services (“AGS”), a multi-regional provider of custom glass and coatings solutions with operations across the Midwest. AGS provides light, value-added fabrication and installation (glazing) of interior and exterior commercial glass systems, along with a range of specialty coating services for both
AM Best Downgrades Issuer Credit Rating of Tuscarora Wayne Insurance Company and Affiliate; Upgrades Credit Ratings of Lebanon Valley Insurance Company; Revises Outlooks to Positive of Illinois Casualty Company; Withdraws ICR of ICC Holdings, Inc.
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Tuscarora Wayne Insurance Company and its affiliate, Keystone National Insurance Company. The outlook of the Long-Term ICR has been revised to stable from negative while the FSR is stable. Both companies are collectedly referred to as Tuscarora Wayne Companies and are domiciled in W
The ESOP Association Announces Paid Media Campaign Urging U.S. Senate to Confirm Daniel Aronowitz as Asst. Secretary of Labor for EBSA
WASHINGTON--(BUSINESS WIRE)--The ESOP Association urges U.S. Senate to promptly confirm Daniel Aronowitz as Assistant Secretary of Labor for EBSA.
AM Best to Host Briefing on Captive Insurance Market and Its Outperformance Over Broader Commercial Market
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best will host a market briefing on the state of the captive insurance industry on Wednesday, Aug. 6, 2025, at 3:00 p.m. EDT. The event will feature a panel of AM Best senior analytical staff and industry experts for a conversation about the increasing permeation of the single parent captive and commercial market alternative segment across the overall insurance industry spectrum. Please click here to register for the Best’s Briefing, titled, “Captives: Continu
INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Easterly ROCMuni High Income Municipal Bond Fund and Announces Opportunity for Investors with Substantial Losses to Lead Class Action Lawsuit - RMJAX; RMHVX; RMHIX
SAN DIEGO--(BUSINESS WIRE)--The suit alleges defendants issued false statements concerning the Easterly ROCMuni Fund resulting in its stock to trade at inflated prices.
HarbourVest Partners Appoints Former Head of BlackRock’s Aladdin Wealth, Venu Krishnamurthy, as Head of Global Private Wealth
BOSTON--(BUSINESS WIRE)--HarbourVest Partners, a global private markets investment firm with more than $147 billion in assets under management as of March 31, 2025, today announced the appointment of Venu Krishnamurthy as Managing Director and Head of Global Private Wealth. Venu will report to the firm’s CEO and will oversee all aspects of the wealth business including global sales, marketing, operations, and client service. As private markets investing continues to evolve from an “alternative”
Bishop-McCann Acquires MTI Events to Strengthen Incentive Travel Expertise and Expand Industry Footprint
KANSAS CITY, Mo.--(BUSINESS WIRE)--Bishop-McCann, a worldwide leader in the meetings, incentives, and events industry, acquired MTI Events, a Kansas City-based event and incentive travel company with more than 35 years of experience delivering high-impact corporate experiences. The acquisition bolsters Bishop-McCann’s incentive travel capabilities, adding seasoned talent, fresh perspectives, and a shared commitment to excellence in client service. “This is more than a business move; it’s a valu
AM Best Upgrades Credit Ratings of Lincoln Heritage Life Insurance Company
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of Lincoln Heritage Life Insurance Company (Lincoln Heritage) (Springfield, IL). The outlook of these Credit Ratings (ratings) has been revised to stable from positive. The ratings reflect Lincoln Heritage’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operat
AM Best Removes From Under Review With Developing Implications and Affirms Credit Ratings of Direct General Life Insurance Company
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Direct General Life Insurance Company (Direct General) (Orangeburg, SC). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Direct General’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating perfo
Morgan Stanley Wealth Management Delivers New Tool to Help Clients Tackle Single Stock Risk
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Wealth Management’s Global Investment Office (GIO) has launched the Equity Vulnerability Score, a proprietary tool that can help clients and the Financial Advisors who serve them measure and rank the susceptibility of US stocks to potential future drops in value. As a risk management tool, this can help provide important insights for investors—especially those who hold concentrated equity positions, which Morgan Stanley defines as five or fewer stocks m
FHLBank Pittsburgh Announces Second Quarter 2025 Operating Highlights
PITTSBURGH--(BUSINESS WIRE)--FHLBank Pittsburgh announced today unaudited financial results for the second quarter and six months ended June 30, 2025.
VERSANT Board of Directors for Future Independent Media Company Announced
NEW YORK--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced the expected members of the first Board of Directors of VERSANT Media Group, Inc., Comcast’s planned spin-off of select media brands and digital businesses. VERSANT will be a leading independent publicly traded media company comprised of iconic brands, including USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel, along with complementary digital assets Fandango, Rotten Tomatoes, GolfNow and SportsEngine. As
ICMI’s Contact Center Expo Unveils the 2025 ICMI Global Contact Center Awards Finalists
SAN FRANCISCO--(BUSINESS WIRE)--ICMI’s Contact Center Expo, which brings call center industry professionals together to tackle the challenges and opportunities that will enable positive growth and change in the contact center industry, today announces the finalists for the 2025 ICMI Global Contact Center Awards Finalists. The awards honor and recognize the companies, contact centers, and individuals that provide a platform for leadership, vision, innovation, and strategic accomplishments in the
Dynasty Financial Partners Appoints Shawn Shook as General Counsel to Support Legal Strategy and Advisor Transitions
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Dynasty Financial Partners, a leading provider of technology-enabled wealth management solutions for independent financial advisors, today announced the appointment of Shawn Shook as General Counsel. He will report to Dynasty CEO Shirl Penney and be based at the firm’s headquarters in St. Petersburg, Florida. Mr. Shook succeeds Jonathan Morris, who is transitioning to a new role as Executive in Residence after more than a decade as General Counsel. Shirl P
CFP Board Announces Search for Next CEO, Engages Spencer Stuart
WASHINGTON--(BUSINESS WIRE)--CFP Board announced that it has retained executive recruitment firm Spencer Stuart to assist in the search for its next Chief Executive Officer.
Milliman analysis: Public pension funding rises in June to highest level since 2021
SEATTLE--(BUSINESS WIRE)--Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans. A second consecutive month of strong investment returns generated a $115 billion increase in the PPFI plans’ funded status during June. In aggregate, the plans saw estimated market gains of 2.3% for the period, with individual plans’ estimated returns