Financial services in the United States

U.S. Bank, Enterprise Community Partners announce innovative racial equity bond

Retrieved on: 
Wednesday, July 14, 2021
Commercial Building & Real Estate, Construction & Property, Insurance, Finance, Banking, Professional services, Other Construction & Property, Residential Building & Real Estate, Ethical banking, Financial services in the United States, Community development financial institution, Bond, Enterprise Community Partners, U.S. Bank, ENTERPRISE COMMUNITY PARTNERS, U.S. BANK

U.S. Bank and Enterprise Community Partners (Enterprise) today announced the issuance of an innovative bond designed for targeted and measurable racial equity results.

Key Points: 
  • U.S. Bank and Enterprise Community Partners (Enterprise) today announced the issuance of an innovative bond designed for targeted and measurable racial equity results.
  • Issued by Enterprise Community Loan Fund, Enterprises Community Development Financial Institution (CDFI), the $30 million bond will help provide loans to Black, Indigenous and people of color housing developers under Enterprises Equitable Path Forward initiative.
  • The designation of this social bond as a racial equity bond provides for targeted investments in underserved communities of color.
  • We see tremendous opportunity for positive social impact with racial equity bonds, especially with this type of innovative framework.

Travelers Announces Strategic Minority Investment in Fidelis

Retrieved on: 
Wednesday, July 14, 2021
Professional services, Insurance, Finance, Companies, Service companies, S&P Dow Jones Indices, The Travelers Companies, Financial services in the United States, TRV, New York Stock Exchange, Dow Jones Industrial Average

The Travelers Companies, Inc. (NYSE: TRV ) today announced that it has made a strategic minority investment in Fidelis Insurance Holdings Limited, a privately owned, global insurer.

Key Points: 
  • The Travelers Companies, Inc. (NYSE: TRV ) today announced that it has made a strategic minority investment in Fidelis Insurance Holdings Limited, a privately owned, global insurer.
  • As an innovative company with a successful track record, Fidelis is an excellent fit for our investment appetite.
  • The Travelers Companies, Inc. (NYSE: TRV ) is a leading provider of property casualty insurance for auto , home and business .
  • A component of the Dow Jones Industrial Average, Travelers has approximately 30,000 employees and generated revenues of approximately $32 billion in 2020.

Genworth Financial Schedules Earnings Conference Call For August 4th

Retrieved on: 
Tuesday, July 13, 2021
Companies, Genworth Financial, GNW, New York Stock Exchange, Conference call, Service companies, Financial services in the United States

RICHMOND, Va., July 13, 2021 /PRNewswire/ --Genworth Financial, Inc. (NYSE: GNW) today announced it would issue its earnings release containing second quarter results after the market closes on August 3, 2021.

Key Points: 
  • RICHMOND, Va., July 13, 2021 /PRNewswire/ --Genworth Financial, Inc. (NYSE: GNW) today announced it would issue its earnings release containing second quarter results after the market closes on August 3, 2021.
  • A conference call will be held on August 4, 2021 at 9:00 a.m. (ET) to discuss the quarter's results.
  • Genworth's earnings release and second quarter financial supplement will be available through the company's website, http://investor.genworth.com , at the time of their release to the public.
  • The dial-in number for Genworth's August 4th conference call is 888 208.1820 or 323 794.2110 (outside the U.S.); conference ID # 3957029.

United Insurance Holdings Corp. Schedules 2021 Second Quarter Financial Results and Conference Call

Retrieved on: 
Tuesday, July 13, 2021
Insurance, Professional services, Insurance, Financial services in the United States, UPC Insurance, Financial services, Casualty insurance

United Insurance Holdings Corp. (Nasdaq: UIHC) (UPC Insurance or the Company), a property and casualty insurance holding company, announced today that it expects to release its financial results for the second quarter ended June 30, 2021, on Wednesday, August 4, 2021 after the close of the market and will conduct its quarterly conference call to discuss those results and review the outlook for the Company at 5:00 p.m.

Key Points: 
  • United Insurance Holdings Corp. (Nasdaq: UIHC) (UPC Insurance or the Company), a property and casualty insurance holding company, announced today that it expects to release its financial results for the second quarter ended June 30, 2021, on Wednesday, August 4, 2021 after the close of the market and will conduct its quarterly conference call to discuss those results and review the outlook for the Company at 5:00 p.m.
  • To listen to the live webcast, please go to http://investors.upcinsurance.com and click on the conference call link at the top of the page or go to: UIHC Second Quarter 2021 Conference Call Webcast.
  • Founded in 1999, UPC Insurance is an insurance holding company that sources, writes and services personal and commercial residential property and casualty insurance policies using a group of wholly owned insurance subsidiaries through a variety of distribution channels.
  • From its headquarters in St. Petersburg, UPC Insurance's team of dedicated professionals manages a completely integrated insurance company, including sales, underwriting, customer service and claims.

Morgan Stanley Awards $21.7 Million to Opportunity Finance Network to Support Equitable Recovery in Underserved Communities and Bolster the CDFI Industry

Retrieved on: 
Tuesday, July 13, 2021
Finance, Banking, Other Philanthropy, Professional services, Philanthropy, Financial services, Ethical banking, Finance, Financial services in the United States, Community development financial institution, Banking, Opportunity finance, Morgan Stanley, Community Development Financial Institutions Fund, Morgan Stanley, OFN, MORGAN STANLEY, OFN

Today, Morgan Stanley and Opportunity Finance Network (OFN) announced that Morgan Stanley has awarded $21.7 million in funding to support human capital and professional development for the Community Development Financial Institution (CDFI) network, and to make pass-through grants to CDFIs.

Key Points: 
  • Today, Morgan Stanley and Opportunity Finance Network (OFN) announced that Morgan Stanley has awarded $21.7 million in funding to support human capital and professional development for the Community Development Financial Institution (CDFI) network, and to make pass-through grants to CDFIs.
  • OFN will make pass-through grants in amounts of $100,000 - $250,000 to eligible CDFIs with less than $25 million in assets.
  • Mission-driven CDFI grant recipients will support economic recovery and growth, especially in Black, Latinx, Native, and rural communities.
  • Opportunity Finance Network, the national network of CDFIs, strives to ensure low-income and other under-resourced communities have access to affordable, responsible financial products and services.

Hudson Insurance Group Introduces “HudsonPro” to Capitalize on Expertise and Synergies

Retrieved on: 
Tuesday, July 13, 2021
Insurance, Professional services, Insurance, Financial services in the United States, Medical malpractice, Companies, Service companies, Tokio Marine HCC, Markel Corporation

Hudson Insurance Group (Hudson) today announced the rebranding of its Management Liability, Financial Institutions, E&O and Medical Professional Liability lines of business under the new name HudsonPro.

Key Points: 
  • Hudson Insurance Group (Hudson) today announced the rebranding of its Management Liability, Financial Institutions, E&O and Medical Professional Liability lines of business under the new name HudsonPro.
  • Hudson has been continuously writing Medical Professional Liability, Management Liability and E&O lines with consistent profitability since 2002.
  • HudsonPro is led by Trevor Howard, senior vice president, who originally joined Hudson in 2018 to lead the Management Liability team.
  • Hudson Insurance Group is the U.S. Insurance Division of Odyssey Group Holdings, Inc., a leading global provider of reinsurance and specialty insurance.

Anthem Blue Cross Blue Shield Kentucky and Motivo Collaborate in Joint Effort to Expand Access to Counseling Services in Kentucky

Retrieved on: 
Tuesday, July 13, 2021
Insurance in the United States, Health maintenance organizations, Insurance, Financial services in the United States, Health insurance in the United States, Blue Cross Blue Shield Association, Anthem, Blue Shield, Blue Cross, Blue Shield of California

ATLANTA, July 13, 2021 /PRNewswire/ -- Motivo announced today that it has been selected by Anthem Blue Cross and Blue Shield in Kentucky to receive a grant that will be used to expand access to counseling services throughout Kentucky.

Key Points: 
  • ATLANTA, July 13, 2021 /PRNewswire/ -- Motivo announced today that it has been selected by Anthem Blue Cross and Blue Shield in Kentucky to receive a grant that will be used to expand access to counseling services throughout Kentucky.
  • "Anthem Blue Cross and Blue Shield continues to find innovative solutions and partnerships to enhance the mental health provider workforce across the Commonwealth that will positively impact our communities," said Leon Lamoreaux, Anthem Blue Cross and Blue Shield's Medicaid President in Kentucky.
  • Learn more by visiting: https://motivohealth.com/
    Anthem Blue Cross and Blue Shield is the trade name of Anthem Health Plans of Kentucky, an independent licensee of the Blue Cross Blue Shield Association.
  • The Blue Cross and Blue Shield names and symbols are registered marks of the Blue Cross and Blue Shield Association.

RBB Bancorp Announces Agreement to Purchase and Assume Certain Assets and Liabilities of the Honolulu, Hawaii Branch Office of Bank of the Orient

Retrieved on: 
Monday, July 12, 2021
Banking, Professional services, Finance, Royal Business Bank, RBB, Financial services in the United States

RBB Bancorp (NASDAQ: RBB ) and Bank of the Orient (BOTO) announced today that Royal Business Bank, the wholly-owned subsidiary of RBB, has entered into an agreement to buy the Honolulu, Hawaii branch office (the Branch) of BOTO.

Key Points: 
  • RBB Bancorp (NASDAQ: RBB ) and Bank of the Orient (BOTO) announced today that Royal Business Bank, the wholly-owned subsidiary of RBB, has entered into an agreement to buy the Honolulu, Hawaii branch office (the Branch) of BOTO.
  • We are excited to enter this new market and bring our relationship-based banking model to Hawaii.
  • "Royal Business Bank is committed to providing a smooth transition with minimal impact for all stakeholders," said Dr. James Kao, Chairman of RBB Bancorp.
  • Janney Montgomery Scott LLC is serving as financial advisor and Loren P. Hansen, APC is serving as legal counsel to RBB Bancorp.

Symetra Names Solynn McCurdy SVP, Chief Diversity, Equity & Inclusion Officer

Retrieved on: 
Thursday, July 8, 2021
Insurance, Professional services, Sumitomo Life, Symetra, Premera Blue Cross, Service companies, Financial services in the United States, Insurance

Symetra Life Insurance Company today announced the appointment of Solynn McCurdy as senior vice president, Chief Diversity, Equity and Inclusion Officer, a new role for the organization.

Key Points: 
  • Symetra Life Insurance Company today announced the appointment of Solynn McCurdy as senior vice president, Chief Diversity, Equity and Inclusion Officer, a new role for the organization.
  • View the full release here: https://www.businesswire.com/news/home/20210708005637/en/
    Solynn McCurdy has joined Symetra as senior vice president, Chief Diversity, Equity & Inclusion Officer.
  • Prior to joining BECU, Mr. McCurdy was chief executive officer at Social Venture Partners Seattle and led social impact programs at Premera Blue Cross.
  • Symetra Life Insurance Company is a subsidiary of Symetra Financial Corporation, a diversified financial services company based in Bellevue, Washington.

OneMain Holdings Announces Date of Second Quarter 2021 Earnings Release and Conference Call

Retrieved on: 
Thursday, July 8, 2021
Banking, Professional services, Finance, New York Stock Exchange, OneMain Financial, Service companies, Companies, Financial services in the United States

OneMain Holdings, Inc. (NYSE: OMF) plans to report its second quarter 2021 results after the market closes on Wednesday, July 21, 2021.

Key Points: 
  • OneMain Holdings, Inc. (NYSE: OMF) plans to report its second quarter 2021 results after the market closes on Wednesday, July 21, 2021.
  • The earnings release will be available on OneMains investor relations website at http://investor.onemainfinancial.com .
  • A conference call to discuss the company's results, outlook and related matters will be held on Thursday, July 22, at 9:00 a.m. Eastern.
  • OneMain Financial (NYSE: OMF) has been offering responsible and transparent loans for over 100 years.