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AM Best Maintains Under Review With Positive Implications Status for Credit Ratings of Mountain West Farm Bureau Mutual Insurance Company

Lastest from Businesswire - Fri, 06/05/2026 - 11:46
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has maintained the under review with positive implications status for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Mountain West Farm Bureau Mutual Insurance Company (Mountain West) (Laramie, WY).The Credit Ratings (ratings) were placed under review with positive implications in October 2025 (see related press release) following the announcement of a strategic transaction to merge Mountain West into

AM Best Affirms Credit Ratings of Mitsui Sumitomo Insurance Company, Limited and Aioi Nissay Dowa Insurance Company Limited; Assigns Credit Ratings to MSIG Specialty Insurance America, Inc.

Lastest from Businesswire - Fri, 06/05/2026 - 11:46
HONG KONG--(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 Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan) and its subsidiaries (see below for related list). Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa” (Superior) of Aioi Nissay Dowa Insurance Company Limited (ADI) (Japan). AM Best also has affirmed the FSR of A- (Excellent

Vida Global Honored with 2026 MSP Today Product of the Year Award

Lastest from Businesswire - Fri, 06/05/2026 - 11:46
AUSTIN, Texas--(BUSINESS WIRE)--Vida Global wins a 2026 MSP Today Product of the Year Award from TMC, recognizing its AI agent operating system for impact and Channel innovation.

Lightspeed Successfully Supports New Intraday Margin Trading Framework

Lastest from Businesswire - Fri, 06/05/2026 - 11:46
MORRISTOWN, N.J.--(BUSINESS WIRE)--Lightspeed successfully implements enhancements supporting the transition to new intraday margin trading requirements.

KBRA Releases Monthly CMBS Trend Watch

Lastest from Businesswire - Fri, 06/05/2026 - 11:46
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases the May 2026 issue of CMBS Trend Watch. Private label commercial mortgage-backed securities (CMBS) continued its steady issuance pace in May, with 16 deals closing, compared to 17 in April. As in past months, single-borrower (SB) deals continue to dominate, while conduit originations remain challenged by higher rates and lender competition. Of the 16 deals, 12 were SB and four conduits, bringing the year-to-date (YTD) issuance to $56.7 billion for a 9.7%

AM Best Affirms Credit Ratings of Victoria Insurance Company JSC

Lastest from Businesswire - Fri, 06/05/2026 - 11:46
LONDON--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Victoria Insurance Company JSC (Victoria) (Kazakhstan). The outlook of these Credit Ratings (ratings) is stable.The ratings reflect Victoria’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and weak enterprise risk management.Victoria’s balance sheet strength is und

Powerlaw Corp. (Nasdaq: PWRL) Announces Largest Portfolio Holding: SpaceX

Lastest from Businesswire - Fri, 06/05/2026 - 11:46
SAN FRANCISCO--(BUSINESS WIRE)--Powerlaw Corp. (Nasdaq: PWRL), a publicly traded closed-end fund advised by Powerlaw Fund Adviser, LLC, today disclosed that Space Exploration Technologies Corp. ("SpaceX") is its single largest portfolio holding. As of May 13, 2026, PWRL's investment in SpaceX had a fair value of approximately $117.0 million, representing 19.37% of the Fund's net assets. PWRL began trading on Nasdaq following a direct listing on May 27, 2026. The Fund invests across many of the

The Federal Home Loan Bank of Des Moines Now Accepts VantageScore 4.0 for Mortgage Collateral

Lastest from Businesswire - Fri, 06/05/2026 - 11:46
SAN FRANCISCO--(BUSINESS WIRE)--Members of the Federal Home Loan Bank of Des Moines (FHLB Des Moines) can now pledge mortgage collateral using VantageScore 4.0 credit scores, effective immediately. The decision by FHLB Des Moines enables its over 1,200 member banks and institutions to use the VantageScore 4.0 model to score an additional 4 million consumers in the region. FHLB Des Moines joins other government-sponsored mortgage entities that now accept VantageScore 4.0 for mortgages, including

Popular, Inc. Declares Dividend on Preferred Stock and Announces Distribution on Trust Preferred Securities

Lastest from Businesswire - Fri, 06/05/2026 - 11:46
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (NASDAQ: BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock: a monthly cash dividend of $0.132813 per share of 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on June 30, 2026 to holders of record as of June 15, 2026. The Corporation also announced the following monthly distribution on its outstanding Trust Pref

AI Moves IT Management Platforms Toward Autonomy, ISG says

Lastest from Businesswire - Fri, 06/05/2026 - 11:46
STAMFORD, Conn.--(BUSINESS WIRE)---- $III #AI--Enterprises increasingly rely on IT service management (ITSM) and related platforms for autonomous IT operations as AI adoption increases, ISG says.

Chatham Lodging Declares Quarterly Common, Preferred Dividend

Lastest from Businesswire - Fri, 06/05/2026 - 11:46
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Chatham Lodging Declares Quarterly Common, Preferred Dividend

LivaNova Appoints Anne Liddy as Chief Legal Officer

Lastest from Businesswire - Fri, 06/05/2026 - 11:46
LONDON--(BUSINESS WIRE)---- $LIVN #OSA--LivaNova PLC (Nasdaq: LIVN), a market-leading medical technology company, today announced the appointment of Anne Liddy as Chief Legal Officer, effective August 31. Liddy will oversee the Company’s global legal and compliance function and serve as a member of the Executive Leadership Team. Liddy brings more than two decades of experience advising global healthcare and life sciences companies on complex legal, regulatory, M&A, and compliance matters. She joins LivaNo

Global Payments to Present at Mizuho Technology Conference

Lastest from Businesswire - Fri, 06/05/2026 - 08:46
ATLANTA--(BUSINESS WIRE)-- #globalpayments--Global Payments Inc. (NYSE: GPN) announced today that Cameron Bready, chief executive officer, will present live at the Mizuho Technology Conference.

TPG-Led Investor Group Acquires Grocery-Anchored Retail Leader ECHO Realty

Lastest from Businesswire - Fri, 06/05/2026 - 08:46
PITTSBURGH--(BUSINESS WIRE)--TPG Real Estate (“TPG”) today announced the acquisition of ECHO Realty (“ECHO”), a full-service owner and operator of best-in-class grocery-anchored retail real estate, in a transaction valued at approximately $2 billion. The transaction was led by TPG in partnership with leading global investment groups, including PSP Investments, La Caisse, and Norges Bank Investment Management. ECHO owns and operates approximately 230 retail centers located across key Midwest and

Morgan Stanley Wealth Management and Galaxy Digital Announce Referral Capability for In-Kind Creation of Spot Crypto ETP Shares

Lastest from Businesswire - Fri, 06/05/2026 - 08:46
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Wealth Management today announced a new referral arrangement with Galaxy Digital (“Galaxy”) through which eligible clients can lend cryptocurrency to Galaxy and receive shares of exchange‑traded products (“ETPs”) with exposure to spot crypto, including, but not limited to, the Morgan Stanley Bitcoin Trust (MSBT), offered by Morgan Stanley Investment Management. This model is designed for clients that want to lend crypto assets for repayment in tradition

Motive Partners Appoints Ulrich Körner as an Industry Partner

Lastest from Businesswire - Fri, 06/05/2026 - 08:46
NEW YORK--(BUSINESS WIRE)--Motive Partners, a private investment firm focused on financial technology and tech-enabled business services, today announced that Dr. Ulrich Körner has joined the firm as an Industry Partner. Dr. Körner joins Motive following a distinguished career spanning more than 30 years across global banking and asset management, where he has led complex organizations through periods of significant change, transformation, and growth. In his role as Industry Partner, he will wo

Fifth Third’s Newline Recognized by American Banker for Powering Next-Generation Payments Infrastructure

Lastest from Businesswire - Fri, 06/05/2026 - 08:46
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank (NASDAQ: FITB) today announced that its Newline™ platform has been named an Innovation of the Year 2026 honoree by American Banker, recognizing its role in powering large-scale payments and embedded finance capabilities for fintechs and enterprise clients. As part of its Innovation of the Year program, American Banker recognizes teams and individuals whose groundbreaking, innovative projects, initiatives and developments solve key challenges, capita

Hawkeye Systems Strengthens Balance Sheet with $5 Million Equity Addition as Investment Group Led by David Wachsman and Martin Sumichrast Increases Controlling Stake in HWKE to 90%

Lastest from Businesswire - Fri, 06/05/2026 - 08:46
CHARLOTTE, N.C.--(BUSINESS WIRE)--Hawkeye Systems Inc. (“Hawkeyeˮ or the “Companyˮ) (OTC: HWKE) (“Hawkeye”), a technology holding company, today announced a substantial capital restructuring and strategic expansion, adding $5 million in equity to its balance sheet. This capital milestone was achieved through a $2.3 million cash infusion for working capital alongside the conversion of $2.7 million in debt to equity by its majority stakeholder, Hawkeye Holdco, LLC, a private holding company led b

Finout Launches AI Agent Suite for Enterprise FinOps

Lastest from Businesswire - Thu, 06/04/2026 - 23:46
NEW YORK--(BUSINESS WIRE)--Finout today launched Finout Agents, a suite of three AI-powered agents that detect, investigate, and remediate cloud cost issues autonomously — completing the company's full-stack AI architecture for enterprise FinOps. Most enterprise FinOps teams are one or two practitioners governing hundreds of millions in annual spend across cloud, SaaS, Kubernetes, and AI infrastructure. The surface area expands every quarter. The headcount doesn't. Finout Agents are built to cl

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