Rating

AM Best to Speak on ESG and ERM at AASCIF Conference

Retrieved on: 
Thursday, September 30, 2021

AM Bests Maura McGuigan will discuss enterprise risk management and environmental, social and governance factors at the annual conference of the American Association of State Compensation Insurance Funds (AASCIF).

Key Points: 
  • AM Bests Maura McGuigan will discuss enterprise risk management and environmental, social and governance factors at the annual conference of the American Association of State Compensation Insurance Funds (AASCIF).
  • The virtual conference will take place Oct. 4-6.
  • McGuigan, a director of criteria in the Credit Rating Criteria Research & Analytics department of AM Best, will lead a one-hour session, titled, AM Bests Approach to Evaluating ESG and ERM in the Ratings Process.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Pelorus Equity Group Closes Offering of $42.2 Million of Senior Unsecured Notes due 2026, Marking a First for the Cannabis Sector

Retrieved on: 
Wednesday, September 29, 2021

NEWPORT BEACH, Calif., Sept. 29, 2021 (GLOBE NEWSWIRE) -- Pelorus Equity Group (“Pelorus”), the leading provider of value-add bridge commercial real estate loans to entrepreneurs operating cannabis-use properties, announced that its Pelorus Fund, a private mortgage real estate investment trust (the “Company”), has closed a private placement of $42,250,000 aggregate principal amount of its 7% Senior Unsecured Notes due September 30, 2026 (“Notes”).The Company intends to use the net proceeds from the offering to continue to be the best-in-class real estate lending solution for cannabis owners and operators across their companies’ life cycles. This will include a new stabilized lending program with three- to five-year amortizing loans to quality sponsorship, and be offered to current borrowers upon construction completion, as well as to new borrowers that meet the company’s underwriting criteria.

Key Points: 
  • Piper Sandler & Co. acted as the placement agent for this offering.
  • Dentons served as counsel to the Company and Morrison & Foerster LLP served as counsel to the placement agent in connection with the Notes offering.
  • Pelorus Equity Group is the leading provider of value-add bridge commercial real estate loans in the multi-billion dollar cannabis industry.
  • Since 1991, our principals have participated in more than $1B of real estate investment transactions using both debt and equity solutions.

Marketplace Expands to Massachusetts with Access to Wright and Zurich North America's Admitted, Private Flood Insurance Program

Retrieved on: 
Tuesday, September 21, 2021

ST. PETERSBURG, Fla., Sept. 21, 2021 /PRNewswire/ -- Wright National Flood Insurance Services LLC and Zurich Insurance are launching an admitted, residential flood proprietary product Zurich Residential Private Flood Insurance in Massachusetts beginning September 21, 2021.

Key Points: 
  • ST. PETERSBURG, Fla., Sept. 21, 2021 /PRNewswire/ -- Wright National Flood Insurance Services LLC and Zurich Insurance are launching an admitted, residential flood proprietary product Zurich Residential Private Flood Insurance in Massachusetts beginning September 21, 2021.
  • Zurich Residential Private Flood Insurance can be purchased to help protect homes against the risk of Massachusetts flooding since most property policies don't cover the peril of flood.
  • To learn more about private flood insurance, find a Wright agent, or to become a Wright partner agency, please visit www.wrightflood.com .
  • Wright National Flood Insurance Services LLC (WNFIS) provides private flood insurance products in 13 states with plans to continue expansion, building out the flood insurance marketplace.

DataWeave Launches Sales & Market Share Module and Enhances the Digital Shelf Analytics Suite for Brands

Retrieved on: 
Monday, September 20, 2021

BELLEVUE, Wash., Sept. 20, 2021 /PRNewswire/ -- To help brands accelerate their eCommerce growth, DataWeave, a provider of AI-powered Brand Analytics solutions, today announced the official launch and availability of its Sales and Market Share module within the Digital Shelf Analytics suite. DataWeave's Digital Shelf Analytics suite helps brands monitor, analyze and determine systems to help increase their online sales and share across a growing list of online channels. This new module enables brands to define product taxonomies and benchmark sales performance alongside competitors, measuring market share changes over time. This is the latest addition to the suite, which leading brands rely on to measure key performance indicators (KPIs) like Content Audits, Product Availability, Pricing, Promotions and Ratings & Reviews to improve Share of Search.

Key Points: 
  • BELLEVUE, Wash., Sept. 20, 2021 /PRNewswire/ -- To help brands accelerate their eCommerce growth, DataWeave, a provider of AI-powered Brand Analytics solutions, today announced the official launch and availability of its Sales and Market Share module within the Digital Shelf Analytics suite.
  • DataWeave's Digital Shelf Analytics suite helps brands monitor, analyze and determine systems to help increase their online sales and share across a growing list of online channels.
  • This new moduleenables brands to defineproduct taxonomies andbenchmark sales performance alongside competitors, measuringmarket share changes over time.
  • Learn more about DataWeave's digital shelf analytics for brands.

Pixlee TurnTo And Bazaarvoice Partner To Give Brands Using TurnTo Seamless Access To The Bazaarvoice Syndication Network

Retrieved on: 
Thursday, August 12, 2021

Now, brands using the TurnTo platform can get even more value from every review collected.

Key Points: 
  • Now, brands using the TurnTo platform can get even more value from every review collected.
  • This new partnership brings together TurnTo's advanced capabilities to maximize review collection with Bazaarvoice's unmatched distribution network of over 1,750 retailers.
  • And Bazaarvoice retailers can access syndicated reviews from many of the world's leading brands which use TurnTo for review collection, display, and insights.
  • "The addition of Pixlee TurnTo to the Bazaarvoice Partner Program adds further value for our retail customers," said Rob Kramer, VP Channel Partnerships, Bazaarvoice.

AM Best Assigns Issue Credit Ratings to Humana Inc.’s Senior Unsecured Notes

Retrieved on: 
Tuesday, August 3, 2021

AM Best has assigned Long-Term Issue Credit Ratings (Long-Term IR) of bbb- (Good) to Humana Inc.s (Humana) (headquartered in Louisville, KY) [NYSE: HUM] recently announced $750 million 1.350% senior unsecured notes due 2027, the $750 million 2.150% senior unsecured notes due 2032 and the $1.5 billion 0.65% senior unsecured notes due 2023.

Key Points: 
  • AM Best has assigned Long-Term Issue Credit Ratings (Long-Term IR) of bbb- (Good) to Humana Inc.s (Humana) (headquartered in Louisville, KY) [NYSE: HUM] recently announced $750 million 1.350% senior unsecured notes due 2027, the $750 million 2.150% senior unsecured notes due 2032 and the $1.5 billion 0.65% senior unsecured notes due 2023.
  • Humanas Long-Term Issuer Credit Rating of bbb- (Good), its existing Long-Term IRs and the ratings of its insurance subsidiaries are unchanged.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests 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 .

SecurityScorecard Appoints Former S&P CEO Dr. Deven Sharma to Board of Directors

Retrieved on: 
Monday, August 2, 2021

Dr. Sharma joins the board of directors, having previously served as part of the company's corporate Advisory Board since May, 2020.

Key Points: 
  • Dr. Sharma joins the board of directors, having previously served as part of the company's corporate Advisory Board since May, 2020.
  • "I am excited to welcome Deven Sharma to our impressive roster of Board members and advisors," said Dr. Aleksandr Yampolskiy, CEO and co-founder of Security Scorecard.
  • "The potential for SecurityScorecard to bring transparency and raise the confidence in digital interactions among organizations globally is enormous," said Deven Sharma.
  • Dr. Sharma, currently serves as Chair of Roc360 Advisory Board, a Fintech in Real Estate Backed Lending and Insurance marketplace.

AM Best Affirms Credit Ratings of Globe Life Inc. and its Subsidiaries

Retrieved on: 
Thursday, July 29, 2021

AM Best has affirmed the Financial Strength Rating (FSR) A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of the key life/health subsidiaries of Globe Life Inc. (Globe Life) (headquartered in McKinney, TX) [NYSE: GL].

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of the key life/health subsidiaries of Globe Life Inc. (Globe Life) (headquartered in McKinney, TX) [NYSE: GL].
  • AM Best also has affirmed the associated Short- and Long-Term Issue Credit Ratings (Short-Term IR; Long-Term IR) on the debt and indicative Long-Term IRs on the securities of Globe Life.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests 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 Affirms Credit Ratings of American Equity Investment Life Insurance Company and Its Subsidiaries

Retrieved on: 
Thursday, July 29, 2021

AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- (Excellent) of American Equity Investment Life Insurance Company (AEILIC) and its subsidiaries, American Equity Investment Life Insurance Company of New York (Lake Success, NY) and Eagle Life Insurance Company, collectively referred to as AEL.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- (Excellent) of American Equity Investment Life Insurance Company (AEILIC) and its subsidiaries, American Equity Investment Life Insurance Company of New York (Lake Success, NY) and Eagle Life Insurance Company, collectively referred to as AEL.
  • Concurrently, AM Best has affirmed the Long Term ICR of bbb-(Good) of American Equity Investment Life Holding Company [NYSE: AEL] and its Long Term Issue Credit Ratings (Long-Terms IRs).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests 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 Affirms Credit Ratings of Caisse Centrale de Réassurance and CCR RE

Retrieved on: 
Wednesday, July 28, 2021

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of aa (Superior) of Caisse Centrale de Rassurance (CCR) (France).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of aa (Superior) of Caisse Centrale de Rassurance (CCR) (France).
  • Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of a (Excellent) of CCR RE (France).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests 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 .