Tag : financial strength

HDI Global Specialty SE Selects Sapiens for Complete P&C Core Transformation
InsurTech News

HDI Global Specialty SE Selects Sapiens for Complete P&C Core Transformation

Fintech News Desk
by Fintech News Desk0
Sapiens IDITSuite will provide a single overview of policies, from issuing proposals, policy documents to payments Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced the deployment of its cloud-first P&C platform IDITSuite with the Netherlands branch of HDI Global Specialty SE (HGS), a leading global specialty......
First Citizens Bank Completes Operational Conversion of CIT Bank Division Branches
Banking News

First Citizens Bank Completes Operational Conversion of CIT Bank Division Branches

Fintech News Desk
by Fintech News Desk0
First Citizens Bank announced that its CIT Bank division has completed conversion of its branches to First Citizens’ operations and systems. This conversion integrates CIT Bank branch customer accounts into First Citizens products and services. “This is our second large bank branch conversion this year related to the CIT merger,......
AM Best Assigns Credit Ratings to Subsidiaries of Everspan Group
Finance News

AM Best Assigns Credit Ratings to Subsidiaries of Everspan Group

Fintech News Desk
by Fintech News Desk0
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Providence Washington Insurance Company (Providence, RI), Greenwood Insurance Company (Harrisburg, PA), Consolidated National Insurance Company (Littleton, CO) and 21st Century Auto Insurance Company of New Jersey (Ewing, NJ). All four......
Riskonnect Acquires Sword GRC, Further Accelerating Global Growth and Innovation
News Risk Management

Riskonnect Acquires Sword GRC, Further Accelerating Global Growth and Innovation

Fintech News Desk
by Fintech News Desk0
Acquisition accelerates Riskonnect’s integrated risk management vision, enabling customers to bring all aspects of risk under one roof for complete end-to-end visibility Riskonnect, the leader in integrated risk management (IRM) solutions, has acquired Sword GRC, a UK-based software company that specializes in project and enterprise risk management solutions, from Sword Group.......
Sunwest Bank Expands Into the Southeast and Opens Branch in Sarasota
Banking News

Sunwest Bank Expands Into the Southeast and Opens Branch in Sarasota

Fintech News Desk
by Fintech News Desk0
The Sarasota branch marks Sunwest Bank’s first location outside of the Western United States Sunwest Bank, a leading entrepreneurial business bank, is pleased to announce it has opened a branch in Sarasota, Florida. The branch will be Sunwest Bank’s first office in Florida, joining their existing 13 locations across Arizona, California, Idaho and Utah. “I’m proud to......
AM Best Places Credit Ratings of SILAC Insurance Company Under Review
InsurTech Investments News

AM Best Places Credit Ratings of SILAC Insurance Company Under Review

Fintech News Desk
by Fintech News Desk0
AM Besthas placed under review with developing implications the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of SILAC Insurance Company (SILAC) (Salt Lake City, UT). SILAC has been placed under review with developing implications as the company’s risk-adjusted capital, as measured by......
Viracta Therapeutics Secures $50 Million Credit Facility from Silicon Valley Bank and Oxford Finance
Finance News

Viracta Therapeutics Secures $50 Million Credit Facility from Silicon Valley Bank and Oxford Finance

Fintech News Desk
by Fintech News Desk0
 Viracta Therapeutics, Inc., a precision oncology company primarily focused on targeting virus-associated malignancies, announced that the Company has entered into a loan and security agreement with Silicon Valley Bank (SVB) and Oxford Finance LLC (Oxford) for up to $50.0 million. In connection with the $50.0 million credit facility, the Company and SVB......
MoneyGram Announces $15 Million Voluntary Term Loan Principal Repayment and $50 Million Stock Repurchase Program
Digital Payments News

MoneyGram Announces $15 Million Voluntary Term Loan Principal Repayment and $50 Million Stock Repurchase Program

Fintech News Desk
by Fintech News Desk0
MoneyGram International, Inc., the global leader in the evolution of digital P2P payments, announced two measures to continue to improve its capital structure and further reduce its outstanding long-term debt balance.  The Company announced it will make a $15 million voluntary term loan principal repayment.  In addition, the board of directors......
IGI’s Existing Financial Strength Ratings Assigned to new Malta-based European Subsidiary
Finance Fintech News

IGI’s Existing Financial Strength Ratings Assigned to new Malta-based European Subsidiary

Fintech News Desk
by Fintech News Desk0
IGI Holdings Ltd. announced that the financial strength ratings of the IGI group have been assigned to the Company’s new European subsidiary in Malta. “Europe is an attractive growth region for IGI, and I and the rest of the Malta team look forward to developing the Company’s European presence and......
Brighthouse Financial Announces $1 Billion Stock Repurchase Program
Finance News

Brighthouse Financial Announces $1 Billion Stock Repurchase Program

Fintech News Desk
by Fintech News Desk0
Brighthouse Financial, Inc. announced that it has authorized the repurchase of up to $1 billion of its common stock. The stock repurchase program is in addition to the $200 million stock repurchase authorization announced by the company in February 2021, under which $34 million remains as of August 4, 2021.......
1