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Best’s Market Segment Report: Asia-Pacific Reinsurers Show Resilience Amid Evolving Market Landscapes
HONG KONG--(BUSINESS WIRE)--As Asia’s insurance markets become more competitive with softer market conditions, AM Best’s composite of Asia-Pacific reinsurance companies reversed a revenue decline from the previous year, posting a 4.0% increase in net insurance service revenue in 2025, driven primarily by overseas business.The Best’s Market Segment Report, “Asia in Focus: Resilience Through Transformation,” is part of AM Best’s overall look at the global reinsurance industry ahead of the Rendez-V...
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Shape Memory Medical Secures $10 Million Financing Led by August Global Partners to Advance Aortic Clinical Programs
SAN JOSE, Calif.--(BUSINESS WIRE)--Shape Memory Medical Inc., developer of proprietary shape memory polymer technology for endovascular embolization, today announced the closing of a $10 million convertible note financing led by new investor August Global Partners (AGP), joined by fellow new investor Taiwania Capital. The financing provides capital to support continued clinical development of the company’s aortic portfolio, including patient follow-up and data collection in the AAA-SHAPE Pivota...
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ミリマン、ジム・フルトンを次期CEOに任命
シアトル--(BUSINESS WIRE)--(ビジネスワイヤ) -- 世界有数の保険数理コンサルティング会社、ミリマン(Milliman, Inc.)は、ジム・フルトンを次期最高経営責任者(CEO)に任命したと発表しました。フルトンは2015年からミリマンの最高財務責任者(CFO)を務め、リーダーとして同社の既存事業を通じた成長やM&A戦略を推進してきました。 フルトンの CEO就任は、ミリマンが保険数理専門のコンサルティング会社から、複数分野にわたるコンサルティング、リスク管理、テクノロジー・ソリューションを提供する企業へと進化してきたことの表れです。フルトンは、4大会計事務所の1社、プライベート・エクイティ傘下企業、テクノロジー・スタートアップでの勤務経験を有しています。フルトンがもたらす補完的な視点は、ミリマンが保険数理コンサルティングのゴールド・スタンダードでありながら、データ・テクノロジー企業として台頭する後押しをしてきました。 ミリマン取締役会会長のブレット・リントンは、次のように述べています。「複雑かつ絶えず変化するこの環境の中で、ミリマンが成長し、変革を続け...
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East West Bancorp Announces Fall 2026 Conference Participation
PASADENA, Calif.--(BUSINESS WIRE)--East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC) announced today that management will meet with investors at several investor conferences this fall. New York – Christopher Del Moral-Niles, Chief Financial Officer, will deliver remarks during a fireside chat at the Barclays Global Financial Services Conference on Monday, September 14th, 2026, at 2:00 p.m. Eastern Time. Boston – Management will meet with investors to discuss East West’s busi...
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loanDepot, Inc. Addresses Notice of NYSE Trading Price Non-Compliance
IRVINE, Calif.--(BUSINESS WIRE)--loanDepot, Inc. Addresses Notice of NYSE Trading Price Non-Compliance...
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TWO Announces Receipt of Final Regulatory Approval for Merger with CrossCountry Mortgage
NEW YORK--(BUSINESS WIRE)--TWO Announces Receipt of Final Regulatory Approval for Merger with CrossCountry Mortgage...
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Mesa Royalty Trust Announces There Will Be No Distribution for August 2026
HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (the “Trust”) (NYSE symbol-MTR) announced today that there will be no distribution paid for the month of August 2026, as costs, charges and expenses attributable to the Trust’s royalty properties exceeded the revenue received from the sale of oil, natural gas and other hydrocarbons produced from such properties, as reported by the working interest owners. The Trust was formed to own an overriding royalty interest of the net proceeds attributable to c...
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JPMorgan Chase Financial Company LLC Declares Quarterly Coupon on Alerian MLP Index ETN
NEW YORK--(BUSINESS WIRE)--JPMorgan Chase Financial Company LLC announced today the quarterly coupon amount for the Alerian MLP Index ETN (NYSE Arca: AMJB). The table below summarizes the coupon amount for the Alerian MLP Index ETN due January 28, 2044 (the “Notes”). NYSE Arca Ticker Registered Issue Name Declaration Date Ex-Date Record Date Payment Date Coupon Amount1 per Note Current Yield2 AMJB Alerian MLP Index ETN Aug 21, 2026 Aug 28, 2026 Aug 28, 2026 Sep 8, 2026 $0.4957 5.3% 1) As define...
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TriCo Bancshares Announces Quarterly Cash Dividend
CHICO, Calif.--(BUSINESS WIRE)--The Board of Directors of TriCo Bancshares (NASDAQ: TCBK) (the “Company”), parent company of Tri Counties Bank, declared a quarterly cash dividend of $0.36 (thirty-six cents) per share on its common stock, no par value, on August 20, 2026. The dividend is payable on September 25, 2026, to holders of record as of September 11, 2026, and represents the 148th consecutive quarterly cash dividend paid to shareholders. Established in 1975, Tri Counties Bank is a wholly...
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AM Best Assigns Credit Ratings to Jet Insurance Company
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Jet Insurance Company (Jet) (Dallas, TX). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Jet’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings further reflect...