Newsroom | 38913 results

--(BUSINESS WIRE)--Arizona Health Care Cost Containment System (AHCCCS), the state’s Medicaid agency, has announced its intention to award UnitedHealthcare Community Plan of Arizona as one of four organizations to administer its Arizona Long Term Care System (ALTCS) EPD program for individuals who are elderly and/or have a physical disability. UnitedHealthcare Community Plan of Arizona is one of only two health plans selected to administer the state’s ALTCS EPD program statewide in all AHCCCS g...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of BF&M Life Insurance Company Limited, BF&M General Insurance Company Limited and Island Heritage Insurance Company, Ltd. (Island Heritage) (Cayman Islands). Concurrently, AM Best has removed from under review with developing implications and affirme...

NEW YORK--(BUSINESS WIRE)--KBRA releases a recap of the annual CLO Conference hosted by the Loan Syndications & Trading Association (LSTA) and DealCatalyst, which took place at the Marriott Marquis Hotel in New York on April 28-29. With up to 1,700 attendees, the conference comes on the heels of record U.S. CLO issuance of around $200 billion in 2024. This strong pace continued in first-quarter (Q1) 2025 with approximately $45 billion in total volume, as issuers pushed spreads to multiyear...

STAMFORD, Conn.--(BUSINESS WIRE)--Insurance companies are investing in services to maximize the benefits of the Duck Creek core insurance platform, ISG says....

ROCHESTER, N.Y.--(BUSINESS WIRE)--The Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend on Paychex common stock of $1.08 per share, an increase of $0.10 (or 10%) from the prior quarterly dividend of $0.98 per share, payable on May 29, 2025 to shareholders of record as of May 12, 2025. “The increase to our dividend reflects the strength of our financial performance and free cash flow generation as well as the continued confidence in the future of our business,” said...

WHIPPANY, N.J.--(BUSINESS WIRE)--MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced that after a distinguished career spanning decades in the asset management industry, including eight years at MIM, Jude Driscoll will be retiring from the company, effective May 2. Brian Funk has been appointed as MIM’s interim president. Throughout his tenure, Driscoll played a critical role in advancing MIM’s strategic priorities, buil...

NEW YORK--(BUSINESS WIRE)--Mercer, a business of Marsh McLennan (NYSE: MMC) and a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people, today announced the completion of its previously announced acquisition of SECOR Asset Management. Terms of the transaction were not disclosed. SECOR serves the complex needs of institutional investors, with a range of end-to-end portfolio solutions, including i...

PORTLAND, Ore.--(BUSINESS WIRE)--The Standard welcomes Mike Nanz as a regional vice president in Retirement Plans. In this role, he will collaborate with advisors, plan sponsors and third party administrators within an assigned territory in Pennsylvania. Nanz has more than 20 years of experience in the retirement industry and sales leadership, with previous roles as senior retirement sales executive at T. Rowe Price and regional sales director at Empower. He earned a bachelor’s degree in financ...

OLDWICK, Nueva Jersey--(BUSINESS WIRE)--AM Best ha ratificado la calificación de solidez financiera (CSF) de A (excelente) y la calificación crediticia de emisor a largo plazo (CCE a largo plazo) de "a" (excelente) de Hamilton Re, Ltd. (Pembroke, Bermudas) y Hamilton Insurance Designated Activity Company (Dublín, Irlanda), filiales de propiedad absoluta de Hamilton Insurance Group, Ltd. (Pembroke, Bermudas) (conjuntamente, Hamilton). Asimismo, AM Best ha ratificado la CSF de A- (Excelente) y la...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 60 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2025-5 (SEMT 2025-5), a $648.8 million prime RMBS transaction. The pool is comprised of 526 first-lien, fully amortizing fixed rate mortgages with 20-year and 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 69.5% and WA original CLTV of 69...