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Piraeus Bank Completes the Acquisition of Ethniki Insurance
ATHENS, Greece--(BUSINESS WIRE)--Further to the announcement on 12 March 2025, Piraeus Financial Holdings S.A. informs the investment community that its subsidiary, Piraeus Bank S.A. (“Piraeus”), has concluded the acquisition of the total shares (percentage 100%) of the parent company of Ethniki Insurance, “Ethniki Holdings S.à.r.l.”, from CVC Capital Partners Fund VII and National Bank of Greece (the “Transaction”). The total consideration paid for the Transaction is €0.6bn in cash. Following...
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AM Best Affirms Credit Ratings of Sustainable Assurance Company
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 Sustainable Assurance Company (SAC) (South Burlington, VT). The company is a wholly owned captive subsidiary of Lancaster County Solid Waste Management Authority (LCSWMA) (Lancaster, PA). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect SAC’s balance sheet strength, which AM Best assesses as strong, as well...
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Azuga Releases New Whitepaper Demonstrating How Dashcam-Based Video Telematics Can Help Carriers Reduce Losses and Improve Commercial Auto Profitability
FREMONT, Calif.--(BUSINESS WIRE)--Azuga, a Bridgestone company and a leader in fleet management, video telematics and safety solutions, published its new whitepaper, The Case for Dashcam-based Commercial Auto Insurance. Drawing on data from thousands of fleets and deep experience with insurers, the paper examines how connected dashcams are helping insurers address rising claim costs, fraud, and growing pressure around liability and litigation and why more carriers are turning to video to gain c...
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Exzeo Group Sets Third Quarter 2025 Earnings Call for Wednesday, December 10, 2025, at 4:45 p.m. ET
TAMPA, Fla.--(BUSINESS WIRE)--Exzeo Group, Inc. (NYSE:XZO) will hold a conference call on Wednesday, December 10, 2025, at 4:45 p.m. Eastern Time to discuss results for the third quarter ended September 30, 2025. Financial results will be issued in a press release the same day after the close of the market. Exzeo management will host the presentation, followed by a question-and-answer period. Interested parties can listen to the live presentation by dialing the number below or by clicking the l...
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AM Best Upgrades Issuer Credit Rating of Group Ark Insurance Limited
LONDON--(BUSINESS WIRE)--AM Best has upgraded 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 Group Ark Insurance Limited (GAIL) (Bermuda). The outlook of the Long-Term ICR has been revised to stable from positive while the outlook of the FSR is stable. GAIL is a wholly owned subsidiary of Ark Insurance Holdings Limited (Ark), the non-operating holding company of the Ark group. Concu...
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ČSOB Selects Camunda to Modernize and Orchestrate Core Banking Processes
BERLIN--(BUSINESS WIRE)--Camunda, the leader in enterprise agentic automation, today announced that Československá obchodní banka (ČSOB), one of the largest financial institutions in the Czech Republic and part of the KBC Group, has selected Camunda as its new orchestration and automation solution for end-to-end processes. The partnership supports ČSOB’s strategic modernization program aimed at simplifying its product portfolio, streamlining processes, and reducing system complexity. The adopti...
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Africa Embedded Finance Business Report 2025: Market to Reach $18 Billion by 2030 - Competitive Intensity Is Rising Across Payment, Credit, and Insurance Verticals - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Africa Embedded Finance Market Size & Forecast by Value and Volume Across 100+ KPIs by Business Models, Distribution Models, End-Use Sectors, and Key Verticals (Payments, Lending, Insurance, Banking, Wealth) - Databook Q4 2025 Update" report has been added to ResearchAndMarkets.com's offering. The embedded finance market in Africa is expected to grow by 11.2% on an annual basis to reach US$13.2 billion by 2025. The embedded finance market in the region has expe...
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Latin America Embedded Finance Business Report 2025: Super Apps Are Driving Convergence of Financial and Lifestyle Services - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Latin America Embedded Finance Market Size & Forecast by Value and Volume Across 100+ KPIs by Business Models, Distribution Models, End-Use Sectors, and Key Verticals (Payments, Lending, Insurance, Banking, Wealth) - Databook Q4 2025 Update" report has been added to ResearchAndMarkets.com's offering. The embedded finance market in Latin America is expected to grow by 9.5% on an annual basis to reach US$38.8 billion by 2025. The embedded finance market in the re...
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Best’s Special Report: Benchmarking Analysis of Rated Asia-Pacific Insurers Shows Stability Anchored by Mature Markets
SINGAPORE--(BUSINESS WIRE)--AM Best’s benchmarking analysis of its rated Asia-Pacific insurance companies found that while mature markets across the region continue to anchor rating strength and capital adequacy, emerging markets have sustained growth and profitability despite greater volatility, reinforcing the region’s structural soundness. The new Best’s Special Report, “Asia-Pacific Benchmarking: Stability Anchored by Mature Markets,” considers AM Best’s broad geographical coverage across i...
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Pinnacle and Synovus Receive Federal Bank Regulatory Approval to Combine
NASHVILLE, Tenn. & COLUMBUS, Ga.--(BUSINESS WIRE)--The proposed combination of Pinnacle Financial Partners (Nasdaq/NGS: PNFP) and Synovus Financial Corp. (NYSE: SNV) has received regulatory approval from the Board of Governors of the Federal Reserve System. With shareholders of each company approving the merger on Nov. 6, 2025, Pinnacle and Synovus anticipate completing the merger Jan. 1, 2026, subject to satisfaction of the remaining customary closing conditions. “Federal bank regulatory appro...