NEW YORK: Marsh McLennan (NYSE: MMC) announced that John Q. Doyle has been named President and Chief Executive Officer, effective January 1, 2023. Daniel S. Glaser, will retire from Marsh McLennan at year end following a decade leading the Company through a period of extraordinary growth and change. Mr. Doyle has served as Group President…
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Envelop Risk launches Envelop Capital Markets
MONACO: Envelop Risk, a global specialty cyber underwriting firm, today launches Bermuda-based Envelop Capital Markets, a practice led by veteran underwriter and ILS specialist David Ross (Executive Vice President of ILS & Capital). The practice will develop a market for tail risk protection, retrocession, and cyber reinsurance through both indemnity, and parametric / index structures….
Halliburton sold Russia operations to Russians
HOUSTON: Halliburton Company (NYSE: HAL) announced it completed the sale of its Russia operations to a Russia-based management team made up of former Halliburton employees. As a result, Halliburton no longer conducts operations in Russia. The Russia-based management team now owns and operates Halliburton’s former business and assets in Russia under the name BurService LLC,…
Teledyne wins $596mn International Space Station support contract
THOUSAND OAKS, CALIFORNIA: Teledyne Brown Engineering, has been awarded the Marshall Operations, Systems, Services and Integration II (MOSSI II) contract. Teledyne is responsible for the management, personnel, supplies, and equipment to support mission operations and ground systems development services to support the International Space Station (ISS) and its missions. Teledyne Brown Engineering, a subsidiary of…
KuCoin partners with Talos facilitating digital asset trading, tech market adoption
VICTORIA, SEYCHELLES: Cryptocurrency exchange KuCoin has entered a partnership with Talos, the premier provider of institutional digital asset trading technology. The partnership will allow KuCoin to streamline institutional access to digital assets and further expand the capabilities of its user base. Additionally, KuCoin will open accounts to Talos institutional users to provide real-time liquidity. Talos is the leading…
Curve Finance launches on Kava
SAN FRANCISCO: Since its launch of the Ethereum co-chain, Kava has been the fastest growing blockchain for protocols. Today DeFi powerhouse Curve launches on Kava boasting the highest APY pools ever seen starting next week. Curve and Kava’s landmark partnership is made possible by Kava Rise, the world’s first programmatic rewards program set to drive…
Elektros negotiating joint venture with EV charging solutions provider, Noodoe
SUNNY ISLES BEACH: Elektros, an emerging leader in the electric mobility industry, announced it has begun negotiations with EV charging provider Noodoe Inc. regarding joint-venture with their EV OS and management solutions. Noodoe furnishes fleet operators, site hosts, solution providers, and local charging network providers with cutting-edge EV hardware and software technology through Noodoe EV…
Red Cell Partners announced the incorporation of DEFCON AI
TYSONS: Red Cell Partners announced the incorporation of DEFCON AI. DEFCON AI is a high growth software company building tools to model and simulate complex scenarios to provide operationally relevant insights to empower data driven decision making. The company’s initial focus will center on the modern military logistics environment beginning with redefining how defense leaders…
Seatex acquires ChemQuest Chemicals Company
ROSENBERG, TEXAS: Seatex LLC announced the acquisition of ChemQuest Chemicals LLC, a custom chemical manufacturer headquartered in Pasadena, Texas. For over twenty five years, ChemQuest has provided custom toll manufacturing services to customers globally, with expertise in complex blending and reactionary synthesis. This acquisition provides Seatex with enhanced production capabilities, increased capacity and a complementary…
DigitalOcean will buy Malta-based Cloudways for $350mn
NEW YORK: DigitalOcean Holdings Inc., a cloud services provider, has agreed to acquire website-hosting firm Cloudways for $350 million in an all-cash deal. DigitalOcean will buy Malta-based Cloudways in a bid to pick up more small-and-medium sized business customers. The transaction is expected to close in September, and a “significant portion” of the $350 million…
Brigham Minerals acquires assets in Midland Basin for $132.5mn
AUSTIN, TEXAS: Brigham Minerals Inc. (NYSE: MNRL) has entered into a definitive purchase and sale agreement to acquire certain mineral and royalty interests in the Midland Basin from royalty funds managed by Avant Natural Resources, LLC and its affiliates for approximately $132.5 million in cash subject to certain closing adjustments. MIDLAND ACQUISITION CONTINUES PERMIAN CONSOLIDATION AND…
BitOoda partners with CoreWeave to deliver high performance compute solutions for financial markets
BOSTON: BitOoda, a pioneering Digital Asset investment Bank, announced a partnership with CoreWeave, the leading specialized cloud provider of high-performance compute solutions. The partnership will accelerate the penetration of CoreWeave’s services for compute-heavy workloads in financial applications. CoreWeave’s pricing model, wide variety of GPU SKUs and ability to ramp capacity up and down in seconds…