Finance News

IRVINE, Calif.--(BUSINESS WIRE)--ACG Orange County honors region’s highest performing middle market companies at 2026 ACG Awards gala....

NEW YORK--(BUSINESS WIRE)--UBS Wealth Management USA today announced two leadership appointments in its Southeast Wealth Management Region. The Southeast Region, which has seen an influx of wealth in recent years, encompasses some of the nation’s fastest growing wealth centers, including Philadelphia, Washington, D.C., Charlotte, Charleston, Nashville, Atlanta, Miami, Palm Beach, Naples and Tampa, among others. John Houlihan has been named Market Executive for the South Market. He is responsibl...

AMSTERDAM--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of AmTrust Assicurazioni S.p.A. (AmTrust Assicurazioni) (Italy). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect AmTrust Assicurazioni’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...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 100 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2026-7 (SEMT 2026-7), a $738.6 million prime RMBS transaction. The pool is comprised of 609 first-lien, fully amortizing fixed rate mortgages with mostly 30-year maturity terms. The collateral is characterized by a weighted average (WA) original credit score of 780 and moderate borrower equity, with a WA original LTV of 71.6% and WA original CLTV of 71.6%....

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has placed under review with positive implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of United Casualty & Surety Insurance Company (UCS) (Omaha, NE). The Credit Ratings (ratings) reflect UCS’ 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...

SINGAPORE--(BUSINESS WIRE)--AM Best will speak, sponsor and exhibit at the Philippine Insurance Summit on Wednesday, 3 June 2026 in Makati City, Philippines at the Fairmont Hotel. Johnathan Wong, senior market development analyst, AM Best, will discuss AM Best’s latest outlook on the Philippine non-life insurance segment at 11:40 AM. Additionally, Rob Curtis, managing director and chief executive officer of AM Best’s Singapore operations will also be in attendance for meetings. To arrange a mee...

NEW YORK--(BUSINESS WIRE)--Kalshi, the next-generation financial market, today announced the launch of perpetual futures contracts, making Kalshi the first company in American history to offer perpetuals. U.S. investors will soon be able to access crypto perpetual futures on Kalshi's platform, fully regulated by the Commodity Futures Trading Commission (CFTC). Perpetual futures are Kalshi's most significant product expansion since the introduction of event contracts and reinforce the company's...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Tokio Marine Canada Ltd. (TMC) (Toronto, ON). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect TMC’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 (ERM). The very strong balanc...

NEW YORK--(BUSINESS WIRE)--Marquee Brands, the U.S.-based company specializing in the acquisition, management, and development of a diversified portfolio of global consumer lifestyle brands, together with The Level Group (TLG), acting as principal operating partner, have entered into a binding agreement to acquire control of the Roberto Cavalli brand as part of a complex strategic reorganization of the group. The transaction was concluded with DAMAC Group, the Dubai-based multinational conglome...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A++ (Superior) and a Long-Term Issuer Credit Rating of “aa+” (Superior) to Park Avenue Life Insurance Company (PALIC) (Wilmington, DE). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect PALIC’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and very strong enterprise risk management (ERM). Th...