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Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
OLDWICK, N.J.--(BUSINESS WIRE)--The U.S. life/annuity industry saw its total income decrease 18% in the first three months of 2026 from the prior-year period as premiums and annuity considerations fell by $36 billion, according to preliminary financial results. This financial review is detailed in a new AM Best report, “First Look: Three-Month 2026 US Life/Annuity Financial Results,” and the data is derived from companies’ three-month interim statutory statements that were received as of June 9...
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AHF Welcomes Lula–Tedros Call for Equity in Pandemic Agreement, Warns against Rushing Empty Deal
MIAMI, GENEVA & SÃO PAULO--(BUSINESS WIRE)--The AIDS Healthcare Foundation (AHF) and the AHF Global Public Health Institute welcome the open letter issued by President Luiz Inácio Lula da Silva of Brazil and World Health Organization Director-General Dr. Tedros Adhanom Ghebreyesus on the occasion of the G7 Summit, calling on the leaders of the G7, G20, BRICS, and all nations to finish the Pathogen Access and Benefit-Sharing (PABS) annex of the WHO Pandemic Agreement. AHF particularly commends t...
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AM Best to Hold Analytical Briefing on Navigating Complexities of Cyber Insurance Segment
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best will hold an analytical briefing with industry executives, innovation leaders and AM Best analysts to discuss the complexities of cyber capacities and underwriting, as well as what to expect in the future from cyber insurance. The briefing is scheduled for Thursday, July 23 at 10:00 a.m. EDT. This briefing will explore how cyber insurance is adapting to a quickly evolving segment of the insurance industry and will highlight the findings from a forthcoming...
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TDK Ventures Announces Strategic Investment in Aston Power to Accelerate Reliable Power for AI Data Centers
SAN JOSE, Calif.--(BUSINESS WIRE)--TDK Corporation (TSE:6762) has announced that its corporate venture capital arm, TDK Ventures, Inc., has invested in Aston Power, a Raleigh-based startup specializing in rapid-deployment of clean and reliable energy for large industrial power users. This strategic partnership aims to solve the critical "time-to-power" bottleneck that currently limits the expansion of the global AI economy. By deploying industrial-grade, customer-centric private power grids, Ast...
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Fenchurch Advisory Partners to Combine With Broadhaven Capital Partners, Creating the Preeminent International Investment Bank Serving the Financial Services Sector
LONDON & NEW YORK--(BUSINESS WIRE)--Fenchurch Advisory Partners has entered into a definitive agreement to combine with Broadhaven Capital Partners, a leading independent advisory firm to the financial technology and financial services sectors in North America. Fenchurch is one of the most respected investment banking advisory firms dedicated exclusively to the financial services sector. With offices in London, New York and Paris, Fenchurch provides trusted, independent advice to corporates and...
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BCI Celebrates Successful Grand Opening and Innovation Showcase at Reno Facility
RENO, Nev.--(BUSINESS WIRE)--Buckeye Corrugated, Inc. (BCI) welcomed customers, prospects, partners, community leaders, and industry stakeholders to its Reno Grand Opening and Innovation Showcase, celebrating the company's continued West Coast expansion and commitment to delivering innovative packaging solutions closer to customers throughout the region. The event marked BCI's official market-facing activation of its 100,000-square-foot Reno facility, which is already supporting customers as a...
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Acxiom Real ID Powers Identity for Databricks CustomerLake and AI-Ready Marketing
CONWAY, Ark.--(BUSINESS WIRE)--Acxiom®, the connected data and technology foundation for the world’s leading brands, today announced that Acxiom Real ID is now a native Built-On application in Databricks, the Data and AI company, and is available in the Databricks Marketplace. This integration transforms how enterprise marketers leverage their customer data, providing a foundational infrastructure for enterprise AI, powering omnichannel personalization, and maximizing value across unified marte...
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Align Capital Partners Hits Hard Cap for Two New Funds Totaling More Than $1.1 Billion
CLEVELAND & DALLAS--(BUSINESS WIRE)--Align Capital Partners (“Align” or the “Firm”) is pleased to announce the simultaneous closings of its fourth private equity fund, Align Capital Partners Fund IV, LP (“ACP IV”) and second independent sponsor focused fund, Align Collaborate Fund II, LP (“Collaborate II”). Align began fundraising in April 2026 and had a final close on June 15, reaching $770 million in commitments for ACP IV and $375 million in commitments for Collaborate II. The Align team is...
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Local Express Names Ryan Webb First Vice President of Marketing to Power Next Stage of AI-driven Grocery Ecommerce Growth
GLENDALE, Calif.--(BUSINESS WIRE)--Ryan Webb will lead marketing and demand generation, helping retailers activate the value of Local Express’ unified AI first commerce platform....
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Infinitum Introduces Aircore EC+ with Premium Features to Maximize Available Power Capacity
AUSTIN, Texas--(BUSINESS WIRE)--Infinitum introduced Aircore EC+, the next evolution in its motor system, designed to help customers do more with less energy, costs and complexity....