Newsroom | 45032 results

LONDON--(BUSINESS WIRE)--Assurant, Inc. (NYSE: AIZ), a premier global protection company that safeguards and services connected devices, homes and automobiles in partnership with the world’s leading brands, today announced that Helen Sachdev will be appointed Chair of the Assurant UK Board of Directors, effective April 1, 2026, subject to regulatory approval. Ms. Sachdev will also serve as Chair of the Nomination Committee and member of the Audit, Risk and Compliance Committee. Lee Sturgeon, Ma...

NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) announced today that its Board of Directors has appointed Andrew Sullivan, currently serving as Chief Executive Officer, to the additional role of Chairman of the Board, effective March 10, 2026. Sullivan succeeds Charles Lowrey, who resigned as Executive Chairman and director on March 10. Lowrey will remain with the company as a senior advisor through the end of the second quarter, when he will retire from Prudential. During...

NEW YORK--(BUSINESS WIRE)--KBRA releases research examining lease structures in the data center industry. This industry continues to expand rapidly amid increasing demand for artificial intelligence (AI) compute capacity, cloud services, and the proliferation of data-intensive technologies. As the need for financing has also risen, data centers have become an increasingly popular asset type in the securitization market. Total new issuance volume in the space reached $27 billion in 2025 and is e...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Farmers Mutual Fire Insurance Company of Marble, Pennsylvania (Farmers Mutual) (Marble, PA). The Credit Ratings (ratings) reflect Farmers Mutual’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appro...

SACRAMENTO, Calif.--(BUSINESS WIRE)--Inszone Insurance Services, a rapidly growing national provider of commercial, personal, and benefits insurance solutions, is excited to announce its acquisition of Jaffery Insurance & Financial Services, a respected independent insurance agency based in Omaha, Nebraska. This acquisition marks Inszone’s entrance into the Nebraska market and strengthens the company’s growing presence in the Midwest. Founded in 2019 by Cyrus Jaffery, Jaffery Insurance quic...

DALLAS--(BUSINESS WIRE)--Texas-based Gravely PC has again been named to the elite Chambers Spotlight Texas Guide, a directory of the top small to midsize law firms in the state. In its second year on the guide, Gravely PC is recognized for excellence in the practice areas of construction and insurance. The firm’s highly experienced attorneys specialize in construction defect and insurance coverage disputes, generating multimillion-dollar recoveries for clients victimized by bad-faith tactics an...

ATLANTA--(BUSINESS WIRE)--Gas South, a leading natural gas provider, has selected Oncourse Home Solutions as its official partner to offer optional home protection programs to Georgia homeowners. The new partnership launches during Gas South’s 20th anniversary year, reinforcing its longstanding commitment to putting customers first. Through the Water Line, Sewer Line, and Gas Line Protection Program, Gas South customers can access affordable protection plans that help cover costly, unexpected r...

LONDON--(BUSINESS WIRE)--KBRA UK (KBRA) assigns preliminary ratings to three classes of notes to be issued under the NewDay Partnership Master Trust (Master Trust), a UK credit card ABS programme backed by receivables originated by NewDay Ltd. (NewDay) and serviced by NewDay Cards Ltd. NewDay is a UK-based consumer credit provider established in 2001 and regulated by the Financial Conduct Authority. The Company provides credit products either directly to consumers or through relationships with...

WEST DES MOINES, Iowa--(BUSINESS WIRE)--Sammons Financial Group announced today that it has appointed Sergi Turabelidze as Senior Vice President and Chief Investment Officer, effective March 2, 2026. Reporting to Chairman and Chief Executive Officer Esfand Dinshaw, Turabelidze is responsible for all aspects of Sammons Financial Group’s $135 billion portfolio, including investment strategy, asset allocation, and performance management. In this role, he will advance the company’s investment strat...

LONDON--(BUSINESS WIRE)--AM Best has downgraded the Financial Strength Rating to C- (Weak) from C+ (Marginal) and the Long-Term Issuer Credit Rating to “ccc-” (Weak) from “b-” (Marginal) of Trust Insurance JSC (Trust Insurance) (Uzbekistan). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process. The ratings reflect Trust Insurance’s balance sheet str...