Long-Term Capital Management

AM Best Affirms Credit Ratings of Great-West Lifeco Inc. and Its Subsidiaries

Retrieved on: 
Thursday, January 25, 2024
Banking, Professional Services, Insurance, Finance, Canada Life, Credit, ALL, LRG, FSR, Long-Term Capital Management, Risk management, Superior, News, AM Best, Security (finance)

Concurrently, AM Best has affirmed the Long-Term ICR of “a” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of Great-West Lifeco Inc. (Winnipeg, Manitoba).

Key Points: 
  • Concurrently, AM Best has affirmed the Long-Term ICR of “a” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of Great-West Lifeco Inc. (Winnipeg, Manitoba).
  • The outlook of these Credit Ratings (ratings) is stable.
  • 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 Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Flourishing Lithium-Ion Batteries Demand Propelling Continued Growth of Billion Dollar Lithium Mining Sector

Retrieved on: 
Tuesday, January 16, 2024
Dorado, NPV, Party, Government, LANXESS, Carbon, Denison Mines, Growth, Agreement, Option, IRR, Mining, SLI, DLE, GLC, PALM, GRD, Citigroup, Outline, TSX, KLP, OTCQX, Exercise, DNN, Professional, Partnership, Long-Term Capital Management, Contract management, OTCQB, USD, EV, LCE, PEA, Miner, EMP, News, Lithium

Lithium mining remains a prominent area of investment as lithium batteries are used in electric vehicles, battery powered machinery, and others.

Key Points: 
  • Lithium mining remains a prominent area of investment as lithium batteries are used in electric vehicles, battery powered machinery, and others.
  • With a significant increase in the production of electric vehicles, the demand for lithium has significantly increased in recent years.
  • The majority of the lithium produced is consumed for rechargeable batteries used in electric vehicles; according to estimates, batteries account for 46% of all lithium consumption worldwide.
  • Hence, the flourishing lithium-ion batteries demand propels the growth of the lithium mining sector.

Due to Change in Swiss Law Affecting Senior Unsecured Notes, AM Best Downgrades Long-Term Issue Credit Ratings of Swiss Reinsurance Company Ltd.

Retrieved on: 
Monday, January 8, 2024
Banking, Professional Services, Insurance, Finance, Swiss Re, Credit, AM Best, News, ALL, Long-Term Capital Management, Notching, Superior

Although AM Best has indicative Credit Ratings (ratings) on the debt issuance programme, the debt issued from the programme is not rated by AM Best.

Key Points: 
  • Although AM Best has indicative Credit Ratings (ratings) on the debt issuance programme, the debt issued from the programme is not rated by AM Best.
  • The rating actions for these Long-Term IRs are unrelated to the rating fundamentals of Swiss Reinsurance Company Ltd.
  • 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 Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

National GPO Leaders CommonWealth Purchasing Group (CPG) and MediGroup Physician Services Extend Partnership Through 2027

Retrieved on: 
Monday, January 8, 2024
Workforce, Partnership, Health, Patient, Organization, MassINC, CPG, Long-Term Capital Management, Pleasure, Health insurance

BOSTON, Jan. 8, 2024 /PRNewswire-PRWeb/ -- In a strategic move to fortify support for healthcare providers navigating unprecedented challenges, CommonWealth Purchasing Group (CPG) and MediGroup, a channel partner of Provista (a subsidiary of Vizient), are thrilled to announce the extension of their partnership agreement through 2027, thereby guaranteeing their longstanding twenty plus year relationship. This extended collaboration aims to provide Health Centers and other closely aligned non-profits with the stability and confidence needed to address uncertainties in the healthcare landscape, where cost savings play a pivotal role in meeting patient access and workforce challenges.

Key Points: 
  • As the healthcare industry grapples with evolving demands and uncertainties, the extended partnership underscores the commitment of CommonWealth Purchasing Group and MediGroup to empower their non-profit members with the tools and resources necessary to navigate the complexities of the current healthcare environment.
  • Rich Napolitano, Executive Director of CommonWealth Purchasing Group, commented, "The extension of the relationship between these two national leaders comes at a time of uncertainty for Health Centers and other non-profits throughout the country.
  • "It is a privilege to continue our 20 plus year partnership with CommonWealth Purchasing Group.
  • The extended agreement comes at a crucial juncture, emphasizing the joint commitment of CommonWealth Purchasing Group and MediGroup to foster resilience within the healthcare sector.

CPI Aerostructures Receives $4.4M Orders from Embraer for Engine Inlet Assemblies

Retrieved on: 
Tuesday, November 21, 2023
Aero, CPI, Embraer, Embraer Phenom 300, CPI Aerostructures, Long-Term Capital Management, ERJ, Aerostructure

EDGEWOOD, N.Y., Nov. 21, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced that Embraer S.A. of Brazil (NYSE: ERJ) has placed several additional orders against a previously announced Long Term Agreement to manufacture engine inlet assemblies for the Embraer Phenom 300 business jets.

Key Points: 
  • EDGEWOOD, N.Y., Nov. 21, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced that Embraer S.A. of Brazil (NYSE: ERJ) has placed several additional orders against a previously announced Long Term Agreement to manufacture engine inlet assemblies for the Embraer Phenom 300 business jets.
  • These new orders will see deliveries continue into 2024.
  • “CPI Aero is proud to be part of the successful Phenom 300 program where we continue to demonstrate our capabilities in assembly & integration of complex, mixed-commodity Aerostructures.
  • During the last 10+ years, we have delivered over 1,600 Engine Inlet Assemblies and fully expect to continue serving this important customer beyond 2024,” stated Dorith Hakim, CPI Aero’s CEO & President.

AM Best Affirms Credit Ratings of Brighthouse Financial, Inc. and Its Subsidiaries

Retrieved on: 
Wednesday, December 20, 2023
Professional Services, Insurance, Finance, ERM, Credit, AM Best, News, Brighthouse Financial, NAIC, Good, BHF, Long-Term Capital Management, GAAP, ALL, FSR, Security (finance)

These entities collectively are referred to as Brighthouse and are operating insurance subsidiaries of Brighthouse Financial, Inc. (Brighthouse Financial) (headquartered in Charlotte, NC) [NASDAQ: BHF].

Key Points: 
  • These entities collectively are referred to as Brighthouse and are operating insurance subsidiaries of Brighthouse Financial, Inc. (Brighthouse Financial) (headquartered in Charlotte, NC) [NASDAQ: BHF].
  • Concurrently, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) and the Long-Term Issue Credit Ratings (Long-Term IRs) of Brighthouse Financial.
  • Additionally, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) and the Long-Term IR of Brighthouse Holdings, LLC, Brighthouse Financial’s intermediate holding company.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

AM Best Affirms Credit Ratings of Employers Holdings, Inc. and Its Subsidiaries

Retrieved on: 
Tuesday, December 19, 2023
Insurance, Professional Services, Risk, Credit, Average revenue per user, AM Best, EHI, News, Good, Risk management, ALL, Long-Term Capital Management, FSR, EIG

Concurrently, AM Best has affirmed the Long-Term ICR of “bbb-” (Good) and the indicative Long-Term Issue Credit Ratings (Long-Term IR) of Employers Holdings, Inc. (EHI) [NYSE: EIG], the publicly traded ultimate parent of Employers.

Key Points: 
  • Concurrently, AM Best has affirmed the Long-Term ICR of “bbb-” (Good) and the indicative Long-Term Issue Credit Ratings (Long-Term IR) of Employers Holdings, Inc. (EHI) [NYSE: EIG], the publicly traded ultimate parent of Employers.
  • The outlook of these Credit Ratings (ratings) is positive.
  • 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 Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Affirms Credit Ratings of Elevance Health, Inc. and Its Subsidiaries

Retrieved on: 
Tuesday, December 19, 2023
Insurance, Professional Services, Tax, FHLB, CareMore, Pharmacy, ERM, ELV, Credit, Acquisition, ROE, AM Best, Elevance Health, News, Health, Federal Home Loan Banks, BCBS, FEP, Good, ALL, Long-Term Capital Management, FSR, Anthem

There were no borrowings outstanding at the company’s credit facility or FHLB borrowing as of Sept. 30, 2023.

Key Points: 
  • There were no borrowings outstanding at the company’s credit facility or FHLB borrowing as of Sept. 30, 2023.
  • 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 Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Affirms Credit Ratings of American Financial Group, Inc. and Its Key Operating Subsidiaries

Retrieved on: 
Friday, December 15, 2023
Insurance, Professional Services, NYSE, ERM, ICR, American Financial Group, Credit, Long-Term Capital Management, Superior, AM Best, Republic, American Insurance Company Building, Good, News, ALL, FSR, AFG, Transport, Security (finance), Risk management, Public utility, Dry cleaning, Great American

Concurrently, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of American Financial Group, Inc. (AFG) [NYSE: AFG].

Key Points: 
  • Concurrently, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of American Financial Group, Inc. (AFG) [NYSE: AFG].
  • The ratings of Great American Contemporary also reflect rating lift from the lead rating unit, Great American, based on historical support and services.
  • The ratings also reflect ratings lift from the lead rating unit, Great American, recognizing the historical support and services.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

AM Best Affirms Credit Ratings of CNA Financial Corporation and Its Subsidiaries

Retrieved on: 
Friday, December 15, 2023
Insurance, Professional Services, Pressure, NYSE, ERM, CNA, CNA Financial, Credit, Long-Term Capital Management, CNAF, AM Best, Loews Corporation, Good, News, FSR, ALL, Risk management, Security (finance)

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 the property/casualty (P/C) subsidiaries of CNA Financial Corporation (CNAF) [NYSE: CNA], collectively known as CNA Insurance Companies (CNA).

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 the property/casualty (P/C) subsidiaries of CNA Financial Corporation (CNAF) [NYSE: CNA], collectively known as CNA Insurance Companies (CNA).
  • Concurrently, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) and all existing Long-Term Issue Credit Ratings (Long-Term IR) of CNAF.
  • The ratings also acknowledge the historical financial support provided by CNA’s diversified 91.7%-shareholder ultimate parent, Loews Corporation.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .