Spanish Empire

eXp Announces the Opening of Spain and 3 New Countries for Third Quarter of 2021

Monday, May 17, 2021 - 2:00pm

The announcement comes after successful launches in five new markets this year, including Puerto Rico, Brazil, Italy, Hong Kong and Colombia.

Key Points: 
  • The announcement comes after successful launches in five new markets this year, including Puerto Rico, Brazil, Italy, Hong Kong and Colombia.
  • By the end of the third quarter, eXp Realty will have a presence in 19 countries.\nThroughout the past year, eXp continued to gain global market share.
  • eXp Realty recently announced a 77% increase in agent growth globally in Q1 2021 versus the prior year quarter.
  • Today, the eXp Realty platform has more than 54,000 agents across its international locations.\n\xe2\x80\x9cWe continue to see incredible interest in the eXp model across the globe, driven by its agent-centric focus,\xe2\x80\x9d said Michael Valdes, President of eXp Global.

Sun West’s Diana Montoya-Cortes Becomes One of the First Puerto Ricans to Make Scotsman Guide’s ‘Top Originators’ List

Tuesday, May 11, 2021 - 8:13pm

b'Scotsman Guide, a leading authority in mortgage company and originator rankings, has released a Top Originators list for the past 12 years.

Key Points: 
  • b'Scotsman Guide, a leading authority in mortgage company and originator rankings, has released a Top Originators list for the past 12 years.
  • Sun West Mortgage Company\xe2\x80\x99s Diana Montoya-Cortes won the award for most loans closed in 2021.
  • Diana is thought to be the first or one of the first originators from Puerto Rico to make the top of the list.\nThis press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20210511006120/en/\nDiana Montoya-Cortes is a branch manager for Sun West and joined 8 years ago.

Lifestyle Holidays Vacation Club Announces Vaccination Roll Out for 2,500+ Employees

Tuesday, May 11, 2021 - 10:00am

b'PUERTO PLATA, Dominican Republic, May 11, 2021 /PRNewswire-PRWeb/ -- Lifestyle Holidays Vacation Club is proud to announce the start of their COVID-19 vaccination roll out.

Key Points: 
  • b'PUERTO PLATA, Dominican Republic, May 11, 2021 /PRNewswire-PRWeb/ -- Lifestyle Holidays Vacation Club is proud to announce the start of their COVID-19 vaccination roll out.
  • He also appreciates the delivery of the provincial director of Tourism, Mrs. Stephanie Kfouri.\n"This is the best demonstration that for us, and for the Dominican government, the health and well-being of tourists and our employees is the priority," said Wischenbart.\nThe inoculation journey will continue until all employees obtain the first dose of Sinovac vaccine.
  • The second dose has been scheduled for May 24.\nAbout Lifestyle Holidays Vacation Club: Lifestyle Holidays Vacation Club at Puerto Plata in the Dominican Republic offers Members from around the world the ultimate tropical destination with miles of beautiful beaches and an endless abundance of sunshine and refreshing ocean breezes.
  • Our enchanting resort complex features a mixture of suites and stand-alone villas that come in a variety of spaces to provide ample room for couples, families, and groups of all sizes.\n'

Ambac Reschedules Release of First Quarter 2021 Results and Conference Call to May 10, 2021

Thursday, May 6, 2021 - 7:15pm

b'Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it has rescheduled the release of its first quarter 2021 results to May 10, 2021, before market open.

Key Points: 
  • b'Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it has rescheduled the release of its first quarter 2021 results to May 10, 2021, before market open.
  • Ambac is rescheduling the release to allow it to consider the possible effect on first quarter results of the May 5th announcement by the Financial Oversight and Management Board (\xe2\x80\x9cFOMB\xe2\x80\x9d) for Puerto Rico.
  • A live audio webcast of the call will be available through the Investor Relations section of Ambac\xe2\x80\x99s website, www.ambac.com .
  • The Amended and Restated Certificate of Incorporation of Ambac contains substantial restrictions on the ability to transfer Ambac\xe2\x80\x99s common stock.

Popular, Inc. Declares a Cash Dividend of $0.45 per Common Share

Thursday, May 6, 2021 - 4:49pm

b'Popular, Inc. (NASDAQ: BPOP) announced today that its Board of Directors has approved a quarterly cash dividend of $0.45 per share on its outstanding common stock.

Key Points: 
  • b'Popular, Inc. (NASDAQ: BPOP) announced today that its Board of Directors has approved a quarterly cash dividend of $0.45 per share on its outstanding common stock.
  • Founded in 1893, Banco Popular de Puerto Rico, Popular\xe2\x80\x99s principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. Virgin Islands.
  • Popular also offers in Puerto Rico auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries.
  • In the mainland United States, Popular provides retail, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida.\n'

Assured Guaranty Signs Plan Support Agreement for Puerto Rico Clawback Credits and Continues to Support GO and PBA Plan Support Agreement

Thursday, May 6, 2021 - 11:30am

The settlement outlined under the HTA/CCDA PSA was agreed in principle by Assured Guaranty Municipal Corp. (AGM), Assured Guaranty Corp. (AGC), the Financial Oversight and Management Board for Puerto Rico (FOMB) and other creditors on April 12, 2021.

Key Points: 
  • The settlement outlined under the HTA/CCDA PSA was agreed in principle by Assured Guaranty Municipal Corp. (AGM), Assured Guaranty Corp. (AGC), the Financial Oversight and Management Board for Puerto Rico (FOMB) and other creditors on April 12, 2021.
  • With the execution of the HTA/CCDA PSA, Assured Guaranty also affirms its support of the Puerto Rico General Obligation (GO) and Public Buildings Authority (PBA) Plan Support Agreement (the GO/PBA PSA).\n\xe2\x80\x9cThis is a milestone achievement on the path to Puerto Rico\xe2\x80\x99s economic revitalization,\xe2\x80\x9d said Dominic Frederico, Assured Guaranty\xe2\x80\x99s President and CEO.
  • \xe2\x80\x9cWe have long believed a consensual, comprehensive approach represented the best outcome for the parties involved.
  • Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements.

AM Best Revises Outlooks to Stable for Humana Inc. and Its Subsidiaries

Tuesday, May 4, 2021 - 10:08pm

Concurrently, AM Best has revised the outlook to stable from positive and affirmed the Long-Term ICR of \xe2\x80\x9cbbb-\xe2\x80\x9d and the Long-Term Issue Credit Ratings (Long-Term IRs) of Humana.

Key Points: 
  • Concurrently, AM Best has revised the outlook to stable from positive and affirmed the Long-Term ICR of \xe2\x80\x9cbbb-\xe2\x80\x9d and the Long-Term Issue Credit Ratings (Long-Term IRs) of Humana.
  • AM Best also has affirmed the Short-Term Issue Credit Rating (Short-Term IR) of Humana.\nIn addition, AM Best has revised the outlooks to stable from negative and affirmed the FSR of B++ (Good) and the Long-Term ICRs of \xe2\x80\x9cbbb\xe2\x80\x9d of the following Humana subsidiaries: Humana Insurance of Puerto Rico, Inc. and Humana Health Plans of Puerto Rico, Inc.
  • These companies are domiciled in Puerto Rico and collectively are referred to as Humana Health of Puerto Rico Group.
  • AM Best notes that Humana does have a history of providing capital support to its subsidiaries when needed.

First BanCorp. Announces Payment of Dividends on Preferred Stock

Monday, May 3, 2021 - 9:45pm

is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC.

Key Points: 
  • is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC.
  • Among the subsidiaries of FirstBank Puerto Rico are First Federal Finance Limited Liability Company and First Express, Inc., both small loan companies.
  • First BanCorp\xe2\x80\x99s shares of common stock trade on the New York Stock Exchange under the symbol \xe2\x80\x9cFBP.\xe2\x80\x9d\nThis press release may contain \xe2\x80\x9cforward-looking statements\xe2\x80\x9d concerning the Corporation.
  • Such forward-looking statements include, but are not limited to, statements regarding the Corporation\xe2\x80\x99s ability to declare dividends on the Corporation\xe2\x80\x99s Preferred Stock in any future periods.

Popular Announces Entry into $350 Million Accelerated Share Repurchase Agreement

Monday, May 3, 2021 - 1:30pm

b'Popular, Inc. (\xe2\x80\x9cPopular\xe2\x80\x9d or the \xe2\x80\x9cCorporation\xe2\x80\x9d) (NASDAQ: BPOP) announced today that it has entered into an accelerated share repurchase agreement (the \xe2\x80\x9cASR Agreement\xe2\x80\x9d) to repurchase an aggregate of $350 million of Popular\xe2\x80\x99s common stock.

Key Points: 
  • b'Popular, Inc. (\xe2\x80\x9cPopular\xe2\x80\x9d or the \xe2\x80\x9cCorporation\xe2\x80\x9d) (NASDAQ: BPOP) announced today that it has entered into an accelerated share repurchase agreement (the \xe2\x80\x9cASR Agreement\xe2\x80\x9d) to repurchase an aggregate of $350 million of Popular\xe2\x80\x99s common stock.
  • Furthermore, as a result of the receipt of the Initial Shares, the Corporation will recognize in shareholders\xe2\x80\x99 equity approximately $280 million in treasury stock and $70 million as a reduction of capital surplus.
  • Founded in 1893, Banco Popular de Puerto Rico, Popular\xe2\x80\x99s principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. Virgin Islands.
  • Popular also offers in Puerto Rico auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries.

ISG Announces David Berger to Retire as CFO in June; Bert Alfonso Named Executive Vice President and CFO

Friday, April 30, 2021 - 2:00pm

I want to thank David for his thoughtful retirement transition planning and his support over the coming months.

Key Points: 
  • I want to thank David for his thoughtful retirement transition planning and his support over the coming months.
  • He spent 10 years with The Hershey Company in executive roles, including chief financial officer and president of Hershey International.
  • Prior to Hershey, he was executive vice president and CFO of Cadbury Schweppes Americas beverages and vice president and CFO of the Adams Division of Pfizer.\nA native of Cuba, Alfonso has lived in Argentina, Canada, Puerto Rico, the U.K. and the U.S.
  • He holds an MBA degree in marketing and a bachelor\xe2\x80\x99s degree in accounting from Rutgers University.