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AM Best Affirms Credit Ratings of Emirates Insurance Company P.J.S.C.
LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Emirates Insurance Company P.J.S.C. (EIC) (United Arab Emirates). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect EIC’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management. EIC’s balance she...
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L3Harris Demonstrates Multi-Domain Supremacy at Annual Project Convergence Exercise
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) recently showcased a variety of interoperable, multi-domain capabilities at the Army’s Project Convergence-Capstone 6 at Fort Irwin, California. The company successfully linked decision makers with multi-domain sensors and effectors in unified networks for rapid interdiction of threats in complex and contested environments. L3Harris’ key capabilities included interoperable, multi-domain assured communications, Link 16 integrati...
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Reach Capital Closes $265M Fund V for Technologies That Expand Human Potential in the AI Era
SAN FRANCISCO--(BUSINESS WIRE)--Reach Capital today announced the close of Reach V, its fifth fund, at $265 million. The firm will continue investing in founders dedicated to building a more inclusive, human-centered and opportunity-rich world. As artificial intelligence creates new possibilities in areas essential to human development, Reach V will focus on early-stage companies pioneering AI applications across learning, health, and work. “The systems that shape how people learn, stay healthy...
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Anoki AI Awarded AI Marketing Copilot of the Year for ContextIQ Platform
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Anoki AI, the video AI company, today announced that ContextIQ, its AI-native CTV planning platform, has been named “AI Marketing Copilot of the Year” in the 9th annual MarTech Breakthrough Awards. The recognition validates Anoki’s pioneering approach to AI, which understands what is actually happening inside streaming video, scene by scene — giving advertisers unprecedented transparency and control over where their ads appear. For years, the industry tre...
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Built for the Buyer Who Dreads the Dealership: Test Drive to Go Lets Shoppers Skip the Pressure and Book a Test Drive on Their Own Terms
FORT MYERS, Fla.--(BUSINESS WIRE)--For the shopper who would rather get a root canal than walk onto a car lot, Test Drive To Go (TDTG) was built to remove the parts of car buying people dread most. The AI-powered platform lets consumers schedule their own test drive online, without picking up the phone or fending off a salesperson before they’re ready to talk. According to CDK Global’s 2026 Friction Points Study, 78% of shoppers say the test drive sold them on the vehicle, yet more than half ha...
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Dynasty Building Strong Momentum in its Private Markets Investments Group
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Dynasty Financial Partners today announced that it has closed on over $200 million in private markets funds over the last 9 months, including the successful close of Dynasty Growth Equity & Coinvest I, a growth private equity fund. The fund closed at $110 million, surpassing its original $100 million target. Dynasty also recently closed a co-investment round in NOBULL, the footwear and training brand majority owned by billionaire Mike Repole and Tom Br...
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Arden Appoints Brad Perilman as Chief Financial Officer
GLENDALE, Calif.--(BUSINESS WIRE)--Arden Insurance Services LLC, a high-growth, tech-enabled managing general underwriter (MGU), today announced the appointment of Brad Perilman as Chief Financial Officer. Perilman brings more than 20 years of leadership experience across the insurance, reinsurance and specialty brokerage industries and will oversee Arden's finance organization as the company enters its next phase of growth. "Brad’s proven track record of helping high-growth insurance businesse...
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TradePMR by Robinhood Integrates with Artha to Offer Scenario Based Optimization and Rebalancing
WEST CHESTER, Pa.--(BUSINESS WIRE)--TradePMR by Robinhood integrates with Artha, giving advisors access to AI-driven portfolio analysis, optimization and rebalancing tools....
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Kite Lake Capital Management (UK) LLP UK Regulatory Announcement: Form 8.3
LONDON--(BUSINESS WIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Kite Lake Capital Management (UK) LLP (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries...
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Transient.AI Appoints Michael Ponniah as Chief Technology Officer
NEW YORK--(BUSINESS WIRE)--Transient.AI, the AI operating system for regulated financial markets, today announced the appointment of Michael Ponniah as Chief Technology Officer (CTO). Michael brings over two decades of experience across high-frequency trading technology on Wall Street and large-scale cloud services, AI, and logistics infrastructure at Amazon. In his role as CTO, Michael will lead Transient’s global engineering, technical strategy, and platform architecture as the firm accelerat...