ALL

Takeda Announces U.S. FDA Approval of Supplemental New Drug Application (sNDA) for ICLUSIG® (ponatinib) in Adult Patients with Newly Diagnosed Ph+ ALL

Retrieved on: 
Tuesday, March 19, 2024
Oncology, FDA, Health, Clinical Trials, Pharmaceutical, Biotechnology, AP, Mutation, BP, Disease, New Drug Application, Patient, ALL, Shanda, CML, MD, University, MD Anderson Cancer Center, Priority review, MRD, CP, TKI, Glomus tumor, Food, Pharmaceutical industry

Takeda ( TSE:4502/NYSE:TAK ) today announced that the U.S. Food and Drug Administration (FDA) has approved the supplemental New Drug Application (sNDA) for ICLUSIG® (ponatinib) for the treatment of adult patients with newly diagnosed Philadelphia chromosome-positive acute lymphoblastic leukemia (Ph+ ALL) in combination with chemotherapy.

Key Points: 
  • Takeda ( TSE:4502/NYSE:TAK ) today announced that the U.S. Food and Drug Administration (FDA) has approved the supplemental New Drug Application (sNDA) for ICLUSIG® (ponatinib) for the treatment of adult patients with newly diagnosed Philadelphia chromosome-positive acute lymphoblastic leukemia (Ph+ ALL) in combination with chemotherapy.
  • This indication is approved under accelerated approval based on minimal residual disease (MRD)-negative complete remission (CR) at the end of induction.
  • Continued approval for this indication may be contingent upon verification and description of clinical benefit in confirmatory trials.
  • ICLUSIG is not indicated and is not recommended for the treatment of patients with newly diagnosed CP-CML.

Best’s Special Report: EMEA Benchmarking Shows Early Signs That Insurance Market is Stabilising Amid Uncertain Geopolitical Environment

Retrieved on: 
Tuesday, March 19, 2024
Insurance, Professional Services, ALL, Pressure, News, AM Best, Data

AM Best’s ratings of (re)insurers in Europe, the Middle East and Africa (EMEA) have begun to stabilise following tough market conditions in 2022.

Key Points: 
  • AM Best’s ratings of (re)insurers in Europe, the Middle East and Africa (EMEA) have begun to stabilise following tough market conditions in 2022.
  • In a new Best’s Special Report, "EMEA Benchmarking – Early Signs Insurance Market is Stabilising Amid Uncertain Geopolitical Environment ", AM Best notes that despite the uncertain global geopolitical environment, there has been a general stabilisation of macroeconomic conditions, which is easing the pressure on the insurance and capital markets.
  • Furthermore, a combination of strong rate increases and a generally benign year of severe catastrophic weather events led to a recovery in the results of the global reinsurance market.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Assigns Credit Ratings to SWBC Property and Casualty Insurance Company and SWBC RE, Ltd.

Retrieved on: 
Monday, March 18, 2024
Professional Services, Insurance, Finance, PC, ERM, Growth, Risk management, ICR, Risk, ALL, History, News, FSR, SWBC, Credit, AM Best

AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) to SWBC Property and Casualty Insurance Company (SWBC PC) (San Antonio, TX).

Key Points: 
  • AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) to SWBC Property and Casualty Insurance Company (SWBC PC) (San Antonio, TX).
  • Additionally, AM Best has assigned an FSR of A- (Excellent) and a Long-Term ICR of “a-” (Excellent) to SWBC RE, Ltd. (SWBC Re) (Bermuda).
  • The adequate operating performance and limited business profile assessments are based on SWBC PC’s forecast presented to AM Best.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

Piedmont Lithium Appoints New Board Director

Retrieved on: 
Monday, March 18, 2024
Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, Chemicals, Plastics, Automotive Manufacturing, Alternative Energy, Manufacturing, Energy, Mining, Minerals, Natural Resources, Lithium, Piedmont Lithium, Organization, Chair, RTI, Growth, National Space Council, Executive, ALL, History, ASX, PLL, Transport, University, Wilfrid Sellars, RTI International Metals, NASA, Multimedia, AIM, Management

Piedmont Lithium (“Piedmont” or the “Company”) (Nasdaq: PLL; ASX: PLL), a leading global supplier of lithium resources critical to the U.S. electric vehicle (“EV”) supply chain, today announced the appointment of Dawne Hickton to the Board of Directors (“Board”), effective March 14, 2024.

Key Points: 
  • Piedmont Lithium (“Piedmont” or the “Company”) (Nasdaq: PLL; ASX: PLL), a leading global supplier of lithium resources critical to the U.S. electric vehicle (“EV”) supply chain, today announced the appointment of Dawne Hickton to the Board of Directors (“Board”), effective March 14, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240318562526/en/
    “We are pleased to welcome Dawne to Piedmont’s Board,” said Jeff Armstrong, Chairman of the Company’s Board of Directors.
  • Piedmont Lithium Inc. (Nasdaq: PLL; ASX: PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America.
  • Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Quebec with Sayona Mining (ASX: SYA) and in Ghana with Atlantic Lithium (AIM: ALL; ASX: A11).

Best’s Market Segment Report: Disciplined Deployment of Capital Pays Off in Record-Breaking Year for Insurance-Linked Securities Market

Retrieved on: 
Monday, March 18, 2024
Other Professional Services, Professional Services, Insurance, Finance, ILW, Growth, Risk, ALL, News, ILS, Hurricane Ian, AM Best, USD

Rate increases during the Jan. 1, 2024, renewal season were more muted than last year, and risk-adjusted spreads have started to narrow, amid the disciplined deployment of capital by providers.

Key Points: 
  • Rate increases during the Jan. 1, 2024, renewal season were more muted than last year, and risk-adjusted spreads have started to narrow, amid the disciplined deployment of capital by providers.
  • “Capital inflows have mostly matched the growth in reinsurance demand rather than exceeded it,” said Emmanuel Modu, managing director, insurance-linked securities, AM Best.
  • Guy Carpenter and AM Best estimate total ILS market capacity at about USD 100 billion at year-end 2023, which is up about USD 4 billion from a year earlier.
  • 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 SCOR SE and Its Main Operating Subsidiaries

Retrieved on: 
Friday, March 15, 2024
Banking, Professional Services, Insurance, Finance, EUR, Risk management, ALL, News, FSR, Long-Term Capital Management, Credit, AM Best, Security printing

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 SCOR SE (SCOR) (France) and its main operating subsidiaries.

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 SCOR SE (SCOR) (France) and its main operating subsidiaries.
  • The ratings reflect SCOR’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, very favourable business profile and appropriate enterprise risk management.
  • 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 to Participate in Panel Discussion at Annual IFRS 17 Conference in London

Retrieved on: 
Friday, March 15, 2024
Data Analytics, Professional Services, Insurance, Finance, External, Conference, CSM, Risk, ALL, Research, News, Credit, AM Best, Stakeholder (corporate), GMT

AM Best will participate in a panel discussion at the annual IFRS 17 Conference, hosted by InsuranceERM, to be held on 18 March 2024 at Grocers’ Hall in London.

Key Points: 
  • AM Best will participate in a panel discussion at the annual IFRS 17 Conference, hosted by InsuranceERM, to be held on 18 March 2024 at Grocers’ Hall in London.
  • Questions to be addressed in the session include these and others:
    Are investors and analysts getting the insights they need and expect from insurers?
  • He also has authored numerous Best’s Commentaries related to IFRS 17, in addition to other insurance industry-wide issues.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Assigns Issue Credit Rating to Lincoln National Corporation’s New Senior Unsecured Notes

Retrieved on: 
Friday, March 15, 2024
Insurance, Professional Services, Risk, LNC, ALL, Lincoln National Corporation, Sale, News, Long-Term Capital Management, Credit, Credit rating, AM Best, Good, Bank

AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb+” (Good) to the $350 million 5.852% senior unsecured notes, due March 15, 2034, issued by Lincoln National Corporation (LNC) (headquartered in Radnor, PA).

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb+” (Good) to the $350 million 5.852% senior unsecured notes, due March 15, 2034, issued by Lincoln National Corporation (LNC) (headquartered in Radnor, PA).
  • LNC’s existing Long-Term Issuer Credit Rating and Long-Term IRs remain unchanged.
  • 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 Affirms Credit Ratings of Mutual of Omaha Insurance Company and Its Subsidiaries

Retrieved on: 
Friday, March 15, 2024
Professional Services, Insurance, Finance, ERM, Mutual of Omaha, PRT, Average revenue per user, Risk, ALL, Policy, News, Credit, AM Best, Superior, Palladium

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of “aa-” (Superior) of Mutual of Omaha Insurance Company and its subsidiaries, United of Omaha Life Insurance Company, Companion Life Insurance Company (Melville, NY) and United World Life Insurance Company.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of “aa-” (Superior) of Mutual of Omaha Insurance Company and its subsidiaries, United of Omaha Life Insurance Company, Companion Life Insurance Company (Melville, NY) and United World Life Insurance Company.
  • Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) of “a” (Excellent) of Mutual of Omaha Insurance Company’s surplus notes.
  • The group (collectively referred to as Mutual of Omaha) is domiciled in Omaha, NE, unless otherwise specified.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

AM Best Places Credit Ratings of Centerline Insurance Company Under Review With Negative Implications

Retrieved on: 
Friday, March 15, 2024
Insurance, Professional Services, ALL, News, Wind, Credit, AM Best, Good, MGA, IBNR

AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Centerline Insurance Company (Centerline) (headquartered in Knoxville, TN).

Key Points: 
  • AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Centerline Insurance Company (Centerline) (headquartered in Knoxville, TN).
  • The Credit Ratings (ratings) of Centerline were placed under review with negative implications based on the company’s significant surplus decline in year-end 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 .