Industry News

Everest Re Group, Ltd. has finalised the sale of its US crop managing general agent, Heartland Crop Insurance, Inc., to US-based crop insurance company CGB Diversified Services, Inc., for USD 49 m, the company said. In conjunction with the sale, Everest has entered into a strategic long term reinsurance relationship with CGB DS, to provide quota share reinsurance capacity on the combined crop insurance portfolio of the..."/>
Everest Re Group Closes USD 49m Sale of US Crop Business to CGB Diversified
Old Republic International Corporation today announced the following decisions taken by the Board of Directors at its regularly scheduled third quarter meeting. The Board approved the election of Messrs. Dew, Dixon, and Van Mieghem as Class 2 directors for a three-year term."/>
Old Republic Reports Board Of Directors Actions On Corporate Governance And Quarterly Dividend
GWG Holdings, Inc., a specialty finance company in the life insurance secondary market, is commemorating Life Insurance Awareness Month this September. The Company will participate in a series of events and activities to promote awareness about the life insurance secondary market to consumers as well as their insurance and financial advisors.. The life insurance secondary market continues to grow and public awareness is also on the rise."/>
GWG Marks Life Insurance Awareness Month
PNC Financial Services Group, Inc. announced today that Chairman, President and Chief Executive Officer William S. Demchak will discuss business performance, strategy and banking at 10:30 a.m. Wednesday, Sept. 14 at the Barclays Global Financial Services Conference in New York City. The following will be accessible on PNC's Investor Relations website: a link to the live webcast; presentation slides included as part of the webcast;..."/>
PNC Executive To Speak At Barclays Global Financial Services Conference
Capitala Finance Corp. announced today four investment exits totaling $57.2 million. On August 2, 2016, the Company exited its $18.4 million subordinated debt investment in Merlin International, Inc. at par. On August 5, 2016, the Company exited its investment in MTI Holdings, Inc. The Company received $8.0 million for its subordinated debt investment, which was repaid at par."/>
Capitala Finance Corp. Reports Investment Exits, Reduction in Energy Exposure
Prudential Financial, Inc., found that this culturally and geographically diverse segment is united by a shared focus on the financial progress, stability and security of their extended families. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160825005156/en/."/>
Prudential Financial: Asian Americans stress financial security of extended family, retirement savings
Northwest Bancshares, Inc., the parent company of Northwest Bank, has been recognized by Forbes as one of America's 50 Most Trustworthy Financial Companies. In determining this year's award winners, Forbes commissioned MSCI ESG Research, an independent research company that reviewed the accounting and governance behaviors of nearly 700 publicly-traded financial companies and scored them based on factors like high-risk events, revenue..."/>
Northwest Honored by Forbes as one of America's 50 Most Trustworthy Financial Companies
Chubb company, has expanded the availability of its wholesale property, casualty and specialty small business insurance coverages to the following new industries:. Restaurants Retail businesses Lessor's risk only Concessionaires and caterers Fitness centers Personal improvement/enrichment schools. "Westchester's diversification into these new markets brings our deep underwriting expertise to bear for a broader..."/>
Westchester's Wholesale Small Business Insurance Expands to New Industry Segments
Detroit Free Press Susan Tompor column [Detroit Free Press]
BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets, today announced that BGC 1 has entered into an agreement to acquire Perimeter Markets Inc.. Perimeter Markets is an independent provider of electronic fixed income and futures trading in Canada, through its CBID™ platforms. "This transaction will enhance BGC's electronic offering and increase its footprint in the Canadian marketplace," said..."/>
BGC Partners announces agreement to acquire Perimeter Markets Inc., an operator of electronic trading platforms in Canada
BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets, today announced that BGC 1 has entered into an agreement to acquire Perimeter Markets Inc.. Perimeter Markets is an independent provider of electronic fixed income and futures trading in Canada, through its CBID™ platforms. "This transaction will enhance BGC's electronic offering and increase its footprint in the Canadian marketplace," said Shaun..."/>
BGC Partners announces agreement to acquire Perimeter Markets Inc., an operator of electronic trading platforms in Canada
MetLife over the last three years, the company said job losses at AXA will be minimal."/>
AXA Closing Farmington Office; Most Employees To Work Remotely [The Hartford Courant]
Stonegate Bank has agreed to acquire all operations of Florida-based bank Insignia Bank, the company said. The transaction is valued at approximately USD 36.5 m in the aggregate or USD 13.52 per share of Insignia common stock. Under the terms of the agreement, Insignia shareholders will be entitled to receive shares of SGBK common stock, based on the 20- trading-day average closing price of SGBK's common stock as of the second..."/>
Stonegate Bank to Acquire Florida’s Insignia Bank in USD 36.5m Deal
Morningstar announced on the restaurant's Facebook page Wednesday. "Due to an unfortunate equipment issue we are opting to postpone our grand opening until we can present you the BEST 1616 Bistro," the post reads. "We are just as disappointed as you are that we will not open this Friday.""/>
BRIEF: 1616 Gervais delays open date [The State (Columbia, S.C.)]
International Market Centers and Abbyson Living today announced the company's return to High Point Market. Abbyson will occupy a 22,000 square-foot showroom on the 11 th Floor of the IHFC building for the fall event, running from October 22-26, 2016. In addition to 300 new product designs, 8 full-home collections, 13 product categories and a full range of home furnishings resources, Abbyson is launching a series of new digital selling..."/>
Abbyson Living Returns to High Point for October Market; Brings 300 New Product Designs to 22,000 Square-Foot Showroom in IHFC
DNB Financial Corporation, parent of DNB First, National Association, one of the first nationally-chartered community banks to serve the greater Philadelphia region, has declared a cash dividend of $0.07 per common share for the third quarter of 2016, to shareholders of record on September 9, 2016. The cash dividend will be paid on September 20, 2016.. DNB Financial Corporation is a bank holding company whose bank subsidiary,..."/>
DNB Financial Corporation Declares a $0.07 Cash Dividend
Oracle's claims that the state violated the state's public records law when it withheld or delayed release of certain Cover Oregon-related emails from the software company. "Oracle contends that the public records law permits it to litigate how a public agency searches for or maintains documents and that somehow the Governor's office's efforts fall short,"..."/>
Oregon wins big early round against Oracle in Cover Oregon dispute [The Oregonian, Portland, Ore.]

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