Infront ASA posts 256% increase in revenue for Q3 2019
OSLO: Infront ASA, a provider of global market data, news, analytics and trading tools, announced group revenue of EUR 25.3 million for Q3 2019 as...
OKEA ASA completes USD120mn five-year bond issue
OSLO, NORWAY: OKEA ASA, an Exploration and Production (E&P) company, has announced successful completion of a USD 120 million five-year senior secured bond issue with...
Income of U. S. life, annuity insurers’ declines by 18% in nine months of 2019
OLDWICK: Net income of the life insurance and annuity industry in U. S. shrank 18% to $27.6 billion in the first nine months of 2019,...
Euromoney acquires Wealth-X for $20.4 million
LONDON, UK: Euromoney Institutional Investor PLC, the global information business providing essential B2B information to global and specialist markets, announced the acquisition of 100% of...
Nine months 2019 results show 13% underwriting income increase for U.S. P/C industry
OLDWICK: The U.S. property/casualty (P/C) industry’s net underwriting income improved in the first nine months of 2019 by 13% compared with the same prior-year period...
Brooks Macdonald to acquire Cornelian Asset Managers for £39 million
LONDON, UK: Brooks Macdonald Group has entered into a binding agreement to acquire 100% of the issued share capital of Cornelian Asset Managers Group Limited,...
AM Best affirms credit ratings of Folgate Insurance with stable outlook
LONDON, UK: AM Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb+” of...
Breedon to form joint venture with Robert Brett & Sons Limited
LONDON: Breedon Southern Limited announced plans to form a joint venture in London trading as Capital Concrete Limited, with Robert Brett & Sons Limited and...
Glycotest receives $3mn second tranche of $10mn Series A financing
NEW YORK: Glycotest, Inc., a diagnostics company commercializing new and unique blood tests for life threatening liver cancers and fibrosis-cirrhosis, has received the second $3...
Etihad Etisalat signs SAR3bn financing agreement with Alinma Bank
RIYADH: Etihad Etisalat Co. (Mobily) has announced the signing of SAR 3 billion financing agreement with Alinma Bank to replace existing debt. The duration of...
AM Best revises outlooks to negative for Slavonic Mutual Group’s Members
OLDWICK: 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...
Equals Group acquires UK based payment services provider Casco Financial
LONDON: Equals Group PLC, the e-banking and international payments group, has acquired the entire issued ordinary share capital of Casco Financial Services Limited, a UK...