Tag : financial strength

First American Financial Corporation Provides Update on Cybersecurity Incident
Finance Fintech News

First American Financial Corporation Provides Update on Cybersecurity Incident

Business Wire
by Business Wire0
First American Financial Corporation has experienced a cybersecurity incident. In response, the company has temporarily taken certain systems offline and is working to return to normal business operations as soon as possible Fintech Insights: Hyper-personalization in Banking: The Tech Journey to Serving a Segment of One First American Financial Corporation is......
AM Best Revises Outlooks to Positive of National Unity Insurance Company
Fintech News

AM Best Revises Outlooks to Positive of National Unity Insurance Company

Business Wire
by Business Wire0
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of National Unity Insurance Company (National Unity) (San Antonio, TX). Latest Fintech Interview : Global Fintech Interview with Max Lillard, Senior Finance......
AM Best Affirms Credit Ratings of United States Liability Insurance Company and Its Subsidiaries
InsurTech News

AM Best Affirms Credit Ratings of United States Liability Insurance Company and Its Subsidiaries

Business Wire
by Business Wire0
AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aa+” (Superior) of United States Liability Insurance Company (USLI) and its subsidiaries: Mount Vernon Fire Insurance Company, U.S. Underwriters Insurance Company (Bismarck, ND), Mount Vernon Specialty Insurance Company and Radnor Specialty Insurance Company.......
Finance News

First Citizens Bank Acquires $123 Million Maritime Portfolio for Greece Vessels

PR Newswire
by PR Newswire0
First Citizens Bank announced that its Maritime Finance group, part of the CIT division, has successfully completed the acquisition of $123 million of Greek shipping loans, sharply increasing the bank’s maritime financings for clients in Greece. The loan portfolio, which was acquired from HSBC Bank Plc, covers 11 financings involving 14 vessels and eight......
Thrivent Adds a new Multi-Year Guarantee Annuity to its Broad Portfolio of Financial Products and Solutions
Finance News

Thrivent Adds a new Multi-Year Guarantee Annuity to its Broad Portfolio of Financial Products and Solutions

PR Newswire
by PR Newswire0
The deferred fixed annuity solution is designed to help Thrivent clients achieve their long-term financial goals through guaranteed returns Thrivent, a Fortune 500 diversified financial services organization, announced the launch of its Multi-Year Guarantee Annuity (MYGA) product solution. This deferred fixed annuity gives Thrivent clients a flexible solution for today’s......
CIT Northbridge Credit Refinances and Upsizes $45 Million Credit Facility with Tubular Synergy
Fintech News

CIT Northbridge Credit Refinances and Upsizes $45 Million Credit Facility with Tubular Synergy

PR Newswire
by PR Newswire0
First Citizens Bank announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, has provided $45 million to refinance and upsize a secured credit facility for Tubular Synergy Group LP, a privately held sales, marketing and supply chain services distributor. Founded in 2008 and headquartered in Dallas, Texas, Tubular Synergy Group......
weSure Digital Expands to Michigan with its Innovative BOP Insurance Offering for Small Businesses
InsurTech News

weSure Digital Expands to Michigan with its Innovative BOP Insurance Offering for Small Businesses

GlobeNewswire
by GlobeNewswire0
The US subsidiary of the weSure Group strengthens its distribution leadership team alongside its entry into a second State with its fully digital Small Commercial Insurance product WeSure Digital Insurance Services, Inc., the US Managing General Agency (MGA) subsidiary of the international publicly traded insurance and technology group WeSure Global Tech......
First Citizens Bank Provides $48 Million for Acquisition of Florida Apartment Community
Banking News

First Citizens Bank Provides $48 Million for Acquisition of Florida Apartment Community

PR Newswire
by PR Newswire0
First Citizens Bank announced that its Real Estate Finance group, part of the CIT division, provided a $48 million senior secured loan to finance the acquisition of the Dunson Grove apartment community in Davenport, Florida. The property consists of 18 three-story buildings comprising 319 residential units. Located in a suburb of Orlando, Florida, the apartment......
Aran Buchan Joins Alliant Insurance Services in Seattle
News Risk Management

Aran Buchan Joins Alliant Insurance Services in Seattle

Fintech News Desk
by Fintech News Desk0
Buchan to provide full range of insurance and risk management solutions to Northwest client base Alliant Insurance Services has hired Aran Buchan as Vice President. Based in Seattle, Buchan will design, implement, and manage insurance and risk management solutions that add value, financial strength, and productivity to a diverse client base......
Carrington Mortgage Services Amasses $122.1 Billion in Servicing Balances
Mortgage News

Carrington Mortgage Services Amasses $122.1 Billion in Servicing Balances

Fintech News Desk
by Fintech News Desk0
In 2022, CMS has boarded $62.3 billion in loans from 236,000 as a part of MSR purchases, nearly doubling its platform to an impressive $122.1 billion in servicing balances across more than 682,000 customer For a number of years, Carrington Capital Management, the asset management organization of The Carrington Companies, has......
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