New Jersey

AM Best Affirms Credit Ratings of MLMIC Insurance Company

Tuesday, November 30, 2021 - 8:23pm

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa- (Superior) of MLMIC Insurance Company (MLMIC) (New York, NY).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa- (Superior) of MLMIC Insurance Company (MLMIC) (New York, NY).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

ElectrifAi Announces New Executive: Kemi Goss Joins as Head of Delivery and Customer Success

Tuesday, November 30, 2021 - 8:46pm

Kemi has worked in senior-level positions for Amazon Web Services (AWS), The Weather Channel, AT&T, Ericsson, Hitachi Telecom, Cox Communications, Cbeyond Communications, Gwinnett Technical College, and Sanofi Aventis.

Key Points: 
  • Kemi has worked in senior-level positions for Amazon Web Services (AWS), The Weather Channel, AT&T, Ericsson, Hitachi Telecom, Cox Communications, Cbeyond Communications, Gwinnett Technical College, and Sanofi Aventis.
  • She captured over $24 million in customer cost savings per year and 85% customer app growth through 99.6% process automation.
  • "We are pleased and excited to have Kemi join theElectrifAiteam, and we look forward to her breadth of experience and expertise to help drive strong performance and customer experiences.
  • Kemi brings tremendous depth in cloud, delivery, and customer success which are all areas critical to the success of ElectrifAi and our customers," saidElectrifAiChief Executive Officer Edward Scott.

Covanta And EQT Infrastructure To Create The Leading Sustainable Waste Solutions Provider, Driving Compelling Value For All Stakeholders

Tuesday, November 30, 2021 - 8:45pm

MORRISTOWN, N.J., Nov. 30, 2021 /PRNewswire/ -- Covanta Holding Corporation ("Covanta"), a world leader in sustainable waste and energy solutions, today announced the completion of its $5.3 billion acquisition by the EQT Infrastructure V fund ("EQT Infrastructure"), unveiling its strategy to become the most sustainable provider of waste solutions. Covanta today also announced the appointment of Azeez Mohammed as President & Chief Executive Officer.

Key Points: 
  • MORRISTOWN, N.J., Nov. 30, 2021 /PRNewswire/ -- Covanta Holding Corporation ("Covanta"), a world leader in sustainable waste and energy solutions, today announced the completion of its $5.3 billion acquisition by the EQT Infrastructure V fund ("EQT Infrastructure"), unveiling its strategy to become the most sustainable provider of waste solutions.
  • "I am excited to lead Covanta during this very transformational time," said Azeez Mohammed, President and Chief Executive Officer at Covanta.
  • Coupled with society's growing momentum toward decarbonization and pursuit of circular alternatives for managing waste, this creates a compelling value creation story.
  • Under EQT's ownership, Covanta will continue to differentiate its service offerings, with a focus on innovation and sustainable energy."

vipHomeLink and Franklin Mutual Insurance Announce Landmark Partnership

Tuesday, November 30, 2021 - 8:44pm

MORRISTOWN, N.J., Nov. 30, 2021 /PRNewswire/ -- Franklin Mutual Insurance Company and vipHomeLink announce a landmark partnership for FMI to offer all their homeowner policyholders a digital home management and claim prevention solution called FMI HomeAssist, powered by vipHomeLink, to provide additional value and protection to its members.

Key Points: 
  • MORRISTOWN, N.J., Nov. 30, 2021 /PRNewswire/ -- Franklin Mutual Insurance Company and vipHomeLink announce a landmark partnership for FMI to offer all their homeowner policyholders a digital home management and claim prevention solution called FMI HomeAssist, powered by vipHomeLink, to provide additional value and protection to its members.
  • "vipHomeLink is an ideal partner for FMI," Brian Lytwynec, President and CEO of Franklin Mutual, said.
  • Geoff Martin, President and Co-founder of vipHomeLink, stated, "We are thrilled to have partnered with such a dynamic and forward-thinking insurance carrier in Franklin Mutual!
  • About Franklin Mutual Insurance Co.
    Franklin Mutual Insurance is one of the most established and respected mutual insurance companies in New Jersey.

Merck Announces First-Quarter 2022 Dividend

Tuesday, November 30, 2021 - 7:48pm

Merck (NYSE: MRK), known as MSD outside the United States and Canada, today announced that the Board of Directors has declared a quarterly dividend of $0.69 per share of the companys common stock for the first quarter of 2022.

Key Points: 
  • Merck (NYSE: MRK), known as MSD outside the United States and Canada, today announced that the Board of Directors has declared a quarterly dividend of $0.69 per share of the companys common stock for the first quarter of 2022.
  • Payment will be made on Jan. 7, 2022 to shareholders of record at the close of business on Dec. 15, 2021.
  • We demonstrate our commitment to patients and population health by increasing access to health care through far-reaching policies, programs and partnerships.
  • Forward-Looking Statement of Merck & Co., Inc., Kenilworth, N.J., USA
    This news release of Merck & Co., Inc., Kenilworth, N.J., USA (the company) includes forward-looking statements within the meaning of the safe harbor provisions of the U.S.

decusoft appoints Michael Pires as Chief Executive Officer

Tuesday, November 30, 2021 - 7:00pm

RAMSEY, N.J., Nov. 30, 2021 /PRNewswire-PRWeb/ --decusoft, a leading SaaS provider of enterprise-class compensation, incentive, and total rewards management, is pleased to announce the appointment of Michael Pires as CEO.

Key Points: 
  • RAMSEY, N.J., Nov. 30, 2021 /PRNewswire-PRWeb/ --decusoft, a leading SaaS provider of enterprise-class compensation, incentive, and total rewards management, is pleased to announce the appointment of Michael Pires as CEO.
  • Pires brings extensive strategic leadership and human capital management industry leadership experience to the company and will lead decusoft through its next chapter and phase of growth.
  • Pires has a consistent track record of driving innovation and developing strategies that deliver rapid growth for SaaS and B2B technology-enabled service organizations such as ADP and NCR.
  • I am appreciative of Bob and the leadership team setting a great foundation and am excited to get going," added Pires.

AM Best Affirms Credit Ratings of RLI Corp. and Its Subsidiaries

Tuesday, November 30, 2021 - 6:45pm

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa (Superior) of the members of RLI Group (RLI).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa (Superior) of the members of RLI Group (RLI).
  • In addition, AM Best has affirmed the Long-Term ICR of a (Excellent) of RLIs publicly traded parent holding company, RLI Corp. [NYSE: RLI].
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

Effectual Achieves AWS Managed Service Provider Designation

Tuesday, November 30, 2021 - 6:11pm

JERSEY CITY, N.J., Nov. 30, 2021 /PRNewswire/ -- Effectual announced today that it has achieved Amazon Web Services (AWS) Managed Service Provider (MSP) status.

Key Points: 
  • JERSEY CITY, N.J., Nov. 30, 2021 /PRNewswire/ -- Effectual announced today that it has achieved Amazon Web Services (AWS) Managed Service Provider (MSP) status.
  • The AWS Managed Service Provider (MSP) Program is designed to validate and promote AWS Partner Network (APN) Partners that provide end-to-end AWS solutions to customers.
  • "As one of the first AWS Partners to use Amazon DevOps Guru for its managed service, Effectual is improving the availability and performance of their customers' managed applications as they evolve," said Khaled Sedky, General Manager, AWS AI DevOps.
  • In addition to this recognition as a validated AWS MSP Partner, Effectual holds 200+ AWS Certifications , has achieved the AWS Migration Consulting Competency, AWS DevOps Consulting Competency, AWS Mobile Consulting Competency, AWS SaaS Consulting Competency, AWS Government Consulting Competency, and AWS Nonprofit Consulting Competency designations.

Steve Santana Named as Chief Information Officer at ETS

Tuesday, November 30, 2021 - 5:30pm

PRINCETON, N.J., Nov. 30, 2021 /PRNewswire/ -- Today, ETS announced Steve Santana will join the organization as Chief Information Officer (CIO).

Key Points: 
  • PRINCETON, N.J., Nov. 30, 2021 /PRNewswire/ -- Today, ETS announced Steve Santana will join the organization as Chief Information Officer (CIO).
  • Santana will provide the organization with visionary leadership in the development and implementation of IT (Information Technology) and Digital Product solutions to support ETS business goals and operations.
  • "Steve brings a wealth of experience leading digital transformation with global teams to drive sustainable IT solutions, and I'm excited to announce his addition to my leadership team," said Eddie Monteiro, Chief Operating Officer.
  • With more than 25 years of IT and product development experience at brands like Pearson, Ciena, Nortel, and Apple, Santana provides expertise from diverse industries to ETS.

MIAX and SIG Index Licensing to Launch Capital Gains Tax Rate Futures on MGEX

Tuesday, November 30, 2021 - 5:15pm

PRINCETON, N.J. and MINNEAPOLIS, Nov. 30, 2021 /PRNewswire/ --MIAX, operator of high-performance securities exchanges and SIG Index Licensing, LLC (SIG Index Licensing) announced today the launch of cash-settled futures contracts on SIG Index Licensing's U.S. Capital Gains Tax Rate Index (the Index).

Key Points: 
  • PRINCETON, N.J. and MINNEAPOLIS, Nov. 30, 2021 /PRNewswire/ --MIAX, operator of high-performance securities exchanges and SIG Index Licensing, LLC (SIG Index Licensing) announced today the launch of cash-settled futures contracts on SIG Index Licensing's U.S. Capital Gains Tax Rate Index (the Index).
  • Capital Gains Tax Rate Futures are the second proprietary futures product developed by MIAX and SIG Index Licensing designed to provide capital market participants with a tool to manage potential changes in U.S. tax rates.
  • "Capital Gains Tax Rate Futures are the first-ever future providing investors with the ability to hedge and manage risk associated with potential changes in capital gains tax rates," said Thomas P. Gallagher, Chairman of MGEX and Chairman & CEO of MIAX.
  • You should carefully consider the risks of trading commodity futures contracts generally and the unique risks of trading U.S. Capital Gains Tax Rate Index futures contracts (Capital Gains Tax Futures Contracts) in particular before entering into any trade.