Industry News

IOU Financial Inc., a leading online lender to small businesses in the United States and Canada, announced today that it intends to complete a non-brokered private placement of up to 8,148,148 common shares of the Company for gross proceeds of up to $2.2 million. The Shares will be offered at a price of $0.27 per Share, on a prospectus-exempt basis in the provinces..."/>
IOU Financial announces private placement of up to $2.2 million of equity
Aon plc. After Calgary experienced USD5.2 billion of economic damage from floods in 2013- plus an additional USD1.7 billion in Toronto- it triggered demand for river flood..."/>
Aon data empowers Unica to offer flood insurance for $5.2bn Canadian peril
Willis Re appoints head of Willis Re Specialty Analytics
Aon plc company, is pleased to announce the addition of two new partners to strengthen its Delegated Investment Solutions business. Heather Myers joins the firm as a partner and Delegated Solutions leader for Endowments& Foundations. She brings more than 27 years of investment consulting experience and was most recently a managing director at Russell Investments."/>
Aon Hewitt Investment Consulting Grows its Delegated Solutions Team; Heather Myers and Sheila Noonan bring industry leading expertise to Aon’s foundation and endowment clients
OpenGamma Raises $13.3 Million from Accel and ICAP
Northern Trust announced today that Serge Boccassini was named to the board of directors of the Defined Contribution Alternatives Association. The Association is a 501 (c) non-profit organization created to educate plan sponsors and other stakeholders on the benefits of including alternative investments within a defined contribution framework to enhance participant outcomes. Traditional pensions, endowments, and foundations have been effectively..."/>
Defined Contribution Alternatives Association Appoints Serge Boccassini to Board of Directors
M&T Bank has launched a new mortgage subsidy program allowing qualifying homebuyers who are purchasing or refinancing properties in targeted neighborhoods within 12 New Jersey counties, and certain counties in other states, to receive assistance that can exceed $10,000.. The program is available for purchasing or refinancing properties in U.S. Census tracts where more than 50 percent of residents are African-American and/or Hispanic."/>
M&T Bank Launches Mortgage Subsidy Program in New Jersey and Neighboring Areas
Everest Re Group Ltd on Wednesday revealed that Christopher Curtin has joined Everest Insurance as vice president and head of Excess& Surplus Property, based in the Everest Insurance Boston office. In this role, Curtin will oversee all facets of the business unit within Everest's Property operation, including directly managing the Everest underwriting teams dedicated to the E&S market segment. He will report directly to Erik Nikodem, head of Property at Everest Insurance."/>
Everest Insurance appoints Christopher Curtin as head of E&S Property
BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets, today announced that GlobalCapital has recognized the industry leadership of BGC Partners and GFI Group across three categories at its 2016 Global Derivatives Awards. GlobalCapital awarded Capitalab, a division of BGC Brokers L.P., the distinction of "Compression/compaction service of the year" and named BGC Partners "Equity derivatives..."/>
BGC Partners Sweeps Three Wins at GlobalCapital's 2016 Global Derivatives Awards
TSX NAVex Signs on Mutual Fund Provider
Atrium Mortgage Investment Corporation is pleased to announce that its board of directors has declared a dividend for the month of October 2016 of $0.071667 per common share, to be paid November 11, 2016 to shareholders of record October 31, 2016.. Atrium pays monthly dividends currently at an annual rate of $0.86 per share, plus a special dividend to shareholders of record at year-end to top-up the total dividends so that they equal its earnings in the year."/>
Atrium Mortgage Investment Corporation Announces October 2016 Dividend
State Street Corporation declared on Tuesday that it has filed its response to the deficiencies and shortcomings identified by the Federal Reserve and Federal Deposit Insurance Corporation in April 2016 relating to State Street's 2015 resolution plan. Along with other banking institutions with USD50bn or more in total assets, State Street annually prepares and files a resolution plan-- commonly referred to as a "living will"-- with the Federal Reserve and the FDIC."/>
State Street files response to issues raised by Federal Reserve and FDIC
Meta Financial Group Inc. of Sioux Falls, S.D. for $42.5 million. In the deal, Meta Financial Group and its bank subsidiary, MetaBank, has agreed that EPS Financial will be paid, half in cash, half in Meta Financial common stock, the companies announced Monday. EPS Financial, headquartered in Easton's Alpha Building, provides software and services to help tax preparers and their..."/>
BRIEF: EPS Financial of Easton to be purchased by MetaBank for $42.5 million [The Morning Call (Allentown, Pa.)]

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