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AM Best Affirms Credit Ratings of NLV Financial Corporation and Its Insurance Subsidiaries

Lastest from Businesswire - Tue, 07/01/2025 - 17:57
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of National Life Insurance Company (NLIC) (Montpelier, VT) and its wholly owned subsidiary, Life Insurance Company of the Southwest (LSW) (Addison, TX). Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) of “a” (Excellent) of the surplus notes of NLIC. Both companies are collectively kno

IGMS Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of IGM Biosciences, Inc. is Fair to Shareholders

Lastest from Businesswire - Tue, 07/01/2025 - 17:57
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of IGM Biosciences, Inc. (NASDAQ: IGMS) to Concentra Biosciences, LLC is fair to IGM shareholders. Under the terms of the proposed transaction, IGM shareholders would receive $1.247 in cash per share, plus one non-tradeable contingent value right, representing the right to receive additional proceeds under certain circumstances and conditions. Halper Sadeh encourages IGM shareholders to c

Intralot S.A. to Acquire Bally’s International Interactive Business in a Transaction that Creates a Global Gaming Technology and Services Company in Lottery and Digital Online Gaming Markets

Lastest from Businesswire - Tue, 07/01/2025 - 17:57
ATHENS, Greece & PROVIDENCE, R.I.--(BUSINESS WIRE)--Intralot S.A. (ATSE: INLOT) (“Intralot”) and Bally’s Corporation (NYSE: BALY) (“Bally’s”) today announced that their respective Boards of Directors approved their entry into a definitive transaction agreement (“Transaction Agreement”) pursuant to which Intralot will acquire Bally’s International Interactive business (the “International Interactive Business”) in a cash-and-shares transaction that values the International Interactive Business at

Charger Investment Partners Announces Acquisition of Versa-Drill

Lastest from Businesswire - Tue, 07/01/2025 - 17:57
LOS ANGELES--(BUSINESS WIRE)-- #investments--Charger Investment Partners (“Charger”) has partnered with management to complete the acquisition of Versa-Drill, a market-leading designer and assembler of premium drilling rigs used in water well, geothermal, and cathodic protection applications. Terms of the transaction were not disclosed. Headquartered in Indianapolis, Indiana, Versa-Drill is recognized as the leading manufacturer of mid-sized drilling rigs in North America. With significant market share in its

Lear Capital Reviews Robert Kiyosaki's 3X Silver Prediction: Market Conditions Align with Sky-High Projections

Lastest from Businesswire - Tue, 07/01/2025 - 14:57
LOS ANGELES--(BUSINESS WIRE)--Lear Capital, a trusted precious metals investment firm since 1997, today responded to Robert Kiyosaki's recent prediction that silver could triple in 2025, noting that current market fundamentals strongly support the "Rich Dad Poor Dad" author's bullish forecast for silver, which is currently trading around $36 an ounce – the highest price since 2012. Kiyosaki, who recently urged investors to abandon "fake money" in favor of physical silver, called the precious me

Marcus & Millichap’s IPA Capital Markets Arranges $61 Million Construction Financing for San Mateo, California Mixed-Use Multifamily Property

Lastest from Businesswire - Tue, 07/01/2025 - 14:57
SAN MATEO, Calif.--(BUSINESS WIRE)---- $mmi #apartmentmentinvestments--Marcus & Millichap’s IPA Capital Markets Arranges $61 Million Construction Financing for San Mateo, California Mixed-Use Multifamily Property

AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Blue Cross and Blue Shield of Vermont and Its Subsidiary

Lastest from Businesswire - Tue, 07/01/2025 - 14:57
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of C++ (Marginal) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “b+” (Marginal) of Blue Cross and Blue Shield of Vermont (BCBSVT) and its subsidiary, The Vermont Health Plan, LLC, collectively known as Blue Cross and Blue Shield of VT Group (BCBSVT Group). The outlook assigned to the FSR is stable, while the outlook assigned to the Long-

Arroyo Announces Final Close of Fund IV and Sale of Fund III Asset

Lastest from Businesswire - Tue, 07/01/2025 - 14:57
HOUSTON--(BUSINESS WIRE)--Arroyo Investors announces final close of Fund IV with more than $1 billion in commitments and sale of Fund III asset

Northlane Capital Partners Announces the Sale of The Difference Card

Lastest from Businesswire - Tue, 07/01/2025 - 14:57
BETHESDA, Md.--(BUSINESS WIRE)--Northlane Capital Partners (“NCP”) announced today the sale of The Difference Card (“TDC” or the Company) to funds managed by Stone Point Capital LLC. Founded in 2001, TDC is a provider of healthcare cost containment solutions that enable employers to reduce healthcare insurance costs without reducing employees’ benefit levels or increasing employees’ out-of-pocket expenses. By utilizing card technology, risk transfer solutions, and proprietary wellness strategie

KBRA Assigns Preliminary Ratings to CENT 2025-CITY

Lastest from Businesswire - Tue, 07/01/2025 - 14:57
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA announces the assignment of preliminary ratings to three classes of CENT 2025-CITY, a CMBS single-borrower securitization. The collateral for the transaction is $925.0 million non-recourse, first lien mortgage loan that is expected to be originated by Bank of America, N.A. (BANA), Goldman Sachs Bank USA (GS Bank), German American Capital Corporation (GACC), Morgan Stanley Bank, N.A. (MSBNA), and Santander Bank, N.A. (SBNA) on or about July 3, 2025. The fixed rate

The Arena Group Joins Russell 2000® Index

Lastest from Businesswire - Tue, 07/01/2025 - 14:57
NEW YORK--(BUSINESS WIRE)--The Arena Group Holdings, Inc. (NYSE American: AREN) (“Arena”), a technology platform and media company home to hundreds of media brands, including TheStreet, Parade, Men’s Journal, Athlon Sports, Surfer, Powder and more, today announced it has been added as a member of the Russell 2000® Index, effective as of June 30, 2025 as part of the 2025 Russell U.S. Indexes reconstitution. Membership in the Russell 2000® Index reflects inclusion in the broader Russell 3000® Ind

Securities Fraud Investigation Into Quantum Corporation (QMCO) Announced – Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm

Lastest from Businesswire - Tue, 07/01/2025 - 14:57
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Quantum Corporation (“Quantum” or the “Company”) (NASDAQ: QMCO) investors concerning the Company’s possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON QUANTUM CORPORATION (QMCO), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On June

26North Announces a Forward Flow Agreement with Renew Financial to Purchase up to $175 Million in Residential Property Assessed Clean Energy Assets

Lastest from Businesswire - Tue, 07/01/2025 - 14:57
NEW YORK--(BUSINESS WIRE)--26North has closed on a forward flow agreement to purchase up to $175 million in R-PACE assets originated by Renew Financial.

Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for June 2025, includes Reg.-NMS Execution Statistics

Lastest from Businesswire - Tue, 07/01/2025 - 14:57
GREENWICH, Conn.--(BUSINESS WIRE)---- $IBKR #IBKR--Interactive Brokers Group, Inc. (Nasdaq: IBKR) an automated global electronic broker, today reported its Electronic Brokerage monthly performance metrics for June. Brokerage highlights for the month included: 3.448 million Daily Average Revenue Trades (DARTs)1, 40% higher than prior year and 2% higher than prior month. Ending client equity of $664.6 billion, 34% higher than prior year and 6% higher than prior month. Ending client margin loan balances of $65.1

Relation Insurance Services Acquires Advantage Insurance Group

Lastest from Businesswire - Tue, 07/01/2025 - 14:57
CHICAGO--(BUSINESS WIRE)-- #growth--Relation Insurance Services (“Relation”) acquired the assets of Advantage Insurance Group. The transaction went into effect on May 31, 2025; terms of the transaction were not disclosed. “Our new partnership with Relation takes our business to the next level,” said Geoff Eaton, owner of Advantage Insurance Group. “Being able to provide the wealth of carrier relationships, the size and scope of resources, and in-house expertise that Relation has available, will allow us

GGWP, the Community Copilot, Unveils Pulse, a Sentiment Analysis Tool That Unlocks Real-time Insights from In-Game Conversations

Lastest from Businesswire - Tue, 07/01/2025 - 14:57
SAN FRANCISCO--(BUSINESS WIRE)--GGWP, the leader in moderation and building healthy communities for brands, has expanded its offering with a new product, GGWP Pulse, a real-time insights and sentiment analysis tool which provides companies with unprecedented business intelligence they can act on. As a part of the company’s mission to become an end-to-end Community Copilot, Pulse turns previously unseen and unheard in-game conversations into actionable insights, community growth, and revenue gen

Quantum Corporation (QMCO) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation

Lastest from Businesswire - Tue, 07/01/2025 - 14:57
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Quantum Corporation (“Quantum” or the “Company”) (NASDAQ: QMCO) investors concerning the Company’s possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN QUANTUM CORPORATION (QMCO), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Contact the Law Offices of Howard G. Smith to discuss your legal rights by e

ReSource Pro Makes Strategic Acquisition of Propellint; Expands Technology Services Portfolio

Lastest from Businesswire - Tue, 07/01/2025 - 14:57
NEW YORK--(BUSINESS WIRE)--ReSource Pro today announced it has acquired Propellint, a technology services firm specializing in implementation and support for insurance platforms including Insurity among others. The acquisition is part of ReSource Pro’s expanding technology services portfolio. Propellint helps insurance organizations overcome legacy system hurdles by pairing advanced technology support with operational expertise, advancing its broader strategy to deliver innovative, efficiency-d

State Street and UC Investments Forge Strategic Alliance to Expand Access to Wealth Building Tools for Individuals

Lastest from Businesswire - Tue, 07/01/2025 - 14:57
BOSTON & OAKLAND, Calif.--(BUSINESS WIRE)--UC Investments, the investment arm of the University of California, and State Street Corporation (NYSE: STT), a global leader in asset management and investment servicing, today announced a strategic initiative to give individuals access to institutional-grade investment tools and opportunities. The initiative will combine the latest investment technologies and artificial intelligence to give individuals direct access to a broader spectrum of investmen

Generational Continues Expansion with New Office in Spokane, Washington

Lastest from Businesswire - Tue, 07/01/2025 - 11:57
DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the continued growth of the firm with the opening of its newest office in Spokane, Washington. Headquartered in Dallas, Texas, the firm now has 16 offices throughout North America. The Spokane, Washington office is led by Paul Hajek, Managing Director, M&A. Mr. Paul Hajek, Managing Director at Generational Group, has 20 years of experience helpi

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