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Financial service provider Guardian Life Insurance Company of America, on Tuesday, said its board approved a dividend allocation of $1.40 billion to its participating policyholders in 2024, while increasing its dividend interest rate (DIR) to 5.90%. The firm has shown a consistent increase in its DIR, where in 2022, it was 5.75%, and rose to […]
Global health company, Cigna Group to acquire an increase of $10 billion in incremental share repurchase authorization, bringing the company’s total share repurchase authority to $11.3 billion, on Sunday. The company said it expects to include repurchasing at least $5 billion of shares between now and the end of the first half of 2024, with […]
Aerospace component manufacturer China Development Bank (CDB) Aviation, on Thursday, said it is entering in a sustainability linked loan (SLL), which is secured through $625 million syndicated term loan facility. The facility secured, a week ago, was financed by a group of mandated lead arranger (MLA) banks, which includes Crédit Agricole Corporate and Investment Bank, […]
Financial information service provider, Fitch Group acquired of research and analytics Bixby Research and Analytics by purchasing all the remaining stock on Tuesday. The acquired firm will be wholly owned subsidiary of Fitch Solutions and will be managed by CreditSights, said the firm. Additionally, Bixby will be incorporated into CreditSights’ leveraged finance product suite, which […]
Canadian finance firm Nuvei and tech giant Microsoft partnered to improve payment experiences for their customers of its products, solutions, and services across its key markets on Monday. The fintech company said its knowledge and functions will benefit Microsoft as the tech firm consumes Nuvei’s customizable payment technology in the Middle East and the African […]
Subsidiary of Cetera Financial Group, Cetera Holdings acquired financial serviced provider Avantax Inc, on Monday. The firm said the deal comprises of 3,111 financial professionals, representing $82.3 billion in assets under administration and $42 billion in assets under management, as of September 30. The acquisition of Dallas-based Avantax was approved by its 81% of the […]
Financial service provider PayTabs Group launched its card issuing solution PayTabs Issuance for its PayTabs Orchestration service on Monday, with an aim to empower companies, across the market to become self-reliant in money transaction technology. The fintech firm said this solution is framed for businesses to seamlessly acquire, issue, manage, and control payments. This solution […]
Stock-market informer Arab Finance launched its investment application GuROW in Egypt region, partnering with a wealth management platform Optofolio, metal producer Dahab Masr, and a media company, AF Securities. The newly built application GuROW, is launched with an aim to attract young investors and entrepreneurs. The app features daily news updates focusing periodical reports and […]
Business services provider Jacobs Solutions said it will spin off its subsidiaries Critical Mission Solutions and Cyber (CMS) along with Intelligence Government Services. The split companies will combine with Amentum, technology solution provider, to create a new, publicly-traded firm in the government services sector. Jacobs said it will receive $1 billion cash dividend at closing of the […]
Insurance provider Amwins Group completed $1 billion shares purchase of a significant recapitalization deal with its existing shareholder groups, on Wednesday. The company said in connection with the deal of private equity firms like Dragoneer Investment Group, Genstar Capital, SkyKnight Capital and employee shareholders, it purchased $1 billion in equity from more than 375 Amwins employee shareholders […]
Financial service provider Pineapple Financial said it went public on New York Stock Exchange (NYSE American), on Wednesday. The Canadian firm said it is the first to launch an initial public offering (IPO) at NYSE. The brokerage firm said with the capital raised from IPO, it will use the fund for growth initiatives, research and […]
Business process automation firm MCCI acquired GovBuilt, customer service provider, on Monday, with an aim to strengthen MCCI’s portfolio and reinforce its position as a leader in GovTech. The company’s acquisition is taking place after its earlier identification as a GovTech100 company for 2023, which the company said the deal reaffirmed its commitment to delivering […]
