ALL

AM Best Comments on Credit Ratings of UnipolRe Designated Activity Company

Retrieved on: 
Monday, June 5, 2023
Insurance, Professional Services, UnipolSai, AM Best, ALL, Credit, FSR, AM, A, News

The outlook of these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • AM Best does not anticipate that UnipolRe’s credit profile will be impacted by this decision, as the ratings of UnipolSai and UnipolRe stand at the same level.
  • 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 .

Leading Proxy Advisory Firm ISS Recommends MindMed Shareholders Vote FOR All Six Company Nominees

Retrieved on: 
Monday, June 5, 2023
Finance, Neurology, Public Relations, Investor Relations, Banking, Clinical Trials, Communications, Professional Services, Biotechnology, Pharmaceutical, Health, MindMed, Bruhn, Drug development, NOT, ALL, Medicine, AGM, University Hospital of Basel, Teaching hospital, Annual general meeting, Collection, Patient, Financial management, Mental health, NEO, ISS, FCM, Security (finance), Risk management, Management, Crystal, Vallone

Mind Medicine (MindMed) Inc. (NASDAQ: MNMD) (NEO: MMED), (the “Company” or “MindMed”) today announced that leading proxy advisory firm Institutional Shareholder Services Inc. (“ISS”) has recommended shareholders vote for ALL of MindMed’s six highly qualified director nominees at the upcoming Annual Meeting of Shareholders (“Annual Meeting”), scheduled for June 15, 2023.

Key Points: 
  • Mind Medicine (MindMed) Inc. (NASDAQ: MNMD) (NEO: MMED), (the “Company” or “MindMed”) today announced that leading proxy advisory firm Institutional Shareholder Services Inc. (“ISS”) has recommended shareholders vote for ALL of MindMed’s six highly qualified director nominees at the upcoming Annual Meeting of Shareholders (“Annual Meeting”), scheduled for June 15, 2023.
  • MindMed encourages all shareholders to follow the recommendation of ISS and vote "FOR" the Company's six highly qualified director nominees using the WHITE universal proxy card at the upcoming Annual Meeting, scheduled for June 15, 2023.
  • Vote TODAY on the WHITE proxy card FOR all six of the Board’s nominees, WITHHOLD on FCM’s nominees and FOR the other proposals recommended by your Board.
  • Shareholders will receive proxy materials directly via the preferred method, hard copy or email, specific to each shareholder’s account.

YGG SEA Rebrands to W3GG to Reflect Community-Driven Focus

Retrieved on: 
Monday, June 5, 2023
Learning, YGG, ALL, PC, History, Entrepreneurship, Confusion, Growth, Ecosystem, Distribution (marketing), Video game, Tetris

YGG, the parent guild, has actively encouraged and consistently supported its regional guild partners in cultivating their own individual brand identities.

Key Points: 
  • YGG, the parent guild, has actively encouraged and consistently supported its regional guild partners in cultivating their own individual brand identities.
  • This level of autonomy has been instrumental in fostering a diverse ecosystem of guild partners, each with its own focus and aspirations.
  • With the name change, W3GG takes a significant step towards solidifying its presence in the YGG ecosystem and the web3 gaming industry.
  • "I am very excited to see Irene heading up W3GG as the guild moves into its next stage of growth," said Dizon.

FCM Predicts Psychedelic Revolution In 2024: Urges Shareholders to Position MindMed for Success with a Reconstituted Board

Retrieved on: 
Friday, June 2, 2023
Drug, BLUE, Multidisciplinary Association for Psychedelic Studies, ALL, Biotechnology, LSD, Attention, Psychedelic drug, Post-traumatic stress disorder, Research, FDA, Letter, Second Half, MDMA, PTSD, MindMed, FCM, Pharmaceutical industry, Management, Compass

SHERIDAN, Wyo., June 02, 2023 (GLOBE NEWSWIRE) -- FCM MM Holdings, LLC (“FCM”), published an open letter to the shareholders of Mind Medicine (MindMed) Inc. (NASDAQ: MNMD) (“MindMed”, the “Company”) from MindMed’s co-founder Dr. Scott Freeman. The letter highlights Dr. Freeman’s prediction that a revolution in psychedelic medicine will likely occur by the end of 2024, heralded by the FDA’s likely approval of Multidisciplinary Association for Psychedelic Studies’ (“MAPS”) drug, MDMA, for post-traumatic stress disorder (PTSD).

Key Points: 
  • Dr. Freeman emphasizes his belief that for MindMed to be able to fully participate in the coming psychedelic medicine revolution it must have a healthy balance sheet.
  • FCM believes that by cutting costs and doubling-down MindMed’s investment in its flagship drug LSD (MM-120) this is achievable.
  • It is critical that MindMed be fully prepared to be part of this revolution and the increased potential value and opportunities in the psychedelic industry.
  • In contrast, FCM has budgeted an estimated $39 million in annual operating expenses by keeping MindMed lean and efficient.

AM Best Takes Various Credit Rating Actions on Certain Insurance Companies Managed by Privilege Underwriters, Inc.

Retrieved on: 
Friday, June 2, 2023
Banking, Professional Services, Insurance, Finance, AM Best, ALL, ERM, Credit, Acquisition, FSR, Superior, PSE, AM, PIC, News, PURE, Risk management

AM Best also has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of PURE Insurance Company (PIC).

Key Points: 
  • AM Best also has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of PURE Insurance Company (PIC).
  • Concurrently, AM Best has withdrawn the ratings of PIC as the company has requested to no longer participate in AM Best’s interactive rating process.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best to Participate at the 2023 ICMIF Meeting of Reinsurance Officials

Retrieved on: 
Friday, June 2, 2023
Insurance, Professional Services, AM Best, Reinsurance, Education, ALL, EMC Insurance Building, Climate, CDT, News, Center on International Cooperation

AM Best will participate at the International Cooperative and Mutual Insurance Federation’s (ICMIF) Meeting of Reinsurance Officials (MORO), taking place June 6-8 in Des Moines, IA.

Key Points: 
  • AM Best will participate at the International Cooperative and Mutual Insurance Federation’s (ICMIF) Meeting of Reinsurance Officials (MORO), taking place June 6-8 in Des Moines, IA.
  • Steven Chirico, director, AM Best, will participate in a panel discussion, titled, "Current State of the Reinsurance Market," to be held Wednesday, June 7, at 9:00 a.m. (CDT).
  • This high-level panel will examine the latest hot topics in the reinsurance market and the factors behind the recent challenging reinsurance renewals.
  • Joseph Burtone, director, AM Best, will also participate in a panel discussion that focuses on climate and catastrophe modeling.

Best's Review Examines Critical Issues in Insurance Asset Management and More

Retrieved on: 
Friday, June 2, 2023
Banking, Professional Services, Insurance, Finance, AM Best, ALL, Horse, ILS, Investment, AM, Environment, News, Financial adviser

“ Insurance Asset Management in the Age of Rate Volatility ” examines where insurers are directing their investments, how changing interest rates and volatility are affecting insurers, and the evolving role of alternative investments.

Key Points: 
  • “ Insurance Asset Management in the Age of Rate Volatility ” examines where insurers are directing their investments, how changing interest rates and volatility are affecting insurers, and the evolving role of alternative investments.
  • “ Reimagining Alternative Investments ” examines the current environment for insurance asset management as the changing landscape has insurers learning more about options to traditional asset classes.
  • Best’s Review is AM Best’s monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Revises Outlooks to Negative for Energas Insurance (L) Limited

Retrieved on: 
Friday, June 2, 2023
Professional Services, Insurance, Finance, Pressure, Communication, AM Best, ALL, Atmos Energy, Risk management, Credit, Engineering, AM, Knowledge, News, Geography, Petronas

The revision of the outlooks to negative from stable reflect AM Best’s view of increasing pressure on Energas’ operating performance assessment.

Key Points: 
  • The revision of the outlooks to negative from stable reflect AM Best’s view of increasing pressure on Energas’ operating performance assessment.
  • As a single-parent captive to Petronas, Energas benefits from direct access to and in-depth knowledge of the group’s insurance risks, which have supported the company’s underwriting capability.
  • For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Revises Outlooks to Negative for Utica First Insurance Company

Retrieved on: 
Friday, June 2, 2023
Other Professional Services, Professional Services, Insurance, AM Best, ALL, Policy, Risk management, Credit, Utica, AM, Weather, News

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Utica First Insurance Company (Utica First) (Oriskany, NY).

Key Points: 
  • AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Utica First Insurance Company (Utica First) (Oriskany, NY).
  • The revised outlooks reflect continued deterioration of operating performance as underwriting losses have been mounting since 2020.
  • Utica First experienced their largest underwriting loss to date in 2022, mainly driven by weather losses in core states of operation and exacerbated by macroeconomic trends.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Unified Life Insurance Company

Retrieved on: 
Friday, June 2, 2023
Other Professional Services, Professional Services, Insurance, AM Best, ALL, ERM, Credit, AM, Unified, News, Risk management

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) of Unified Life Insurance Company (Unified Life) (headquartered in Overland Park, KS).

Key Points: 
  • AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) of Unified Life Insurance Company (Unified Life) (headquartered in Overland Park, KS).
  • 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.