GUERNSEY

AM Best Affirms Credit Ratings of Jacana Re Limited

Retrieved on: 
Wednesday, May 1, 2024
Insurance, Professional Services, News, Book, Credit, AM Best, Risk management, BHL, ALL, Reinsurance

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Jacana Re Limited (Jacana Re) (Guernsey).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Jacana Re Limited (Jacana Re) (Guernsey).
  • The ratings reflect Jacana Re’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Affirms Credit Ratings of The Cigna Group and Its Subsidiaries

Retrieved on: 
Thursday, April 25, 2024
Insurance, Professional Services, Health Care Service Corporation, News, Map, Credit, AM Best, Tax, ERM, Medicare, Long-Term Capital Management, Good, ALL, Growth, FSR, Security (finance)

In addition, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) and the Long-Term Issue Credit Ratings (Long-Term IRs) of Cigna.

Key Points: 
  • In addition, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) and the Long-Term Issue Credit Ratings (Long-Term IRs) of Cigna.
  • AM Best also has affirmed the Short-Term Issue Credit Rating (Short-Term IR) of Cigna.
  • Furthermore, the ratings of Cigna Life & Health Group also consider the high level of goodwill/intangibles at Cigna, the ultimate parent, largely relating to acquisitions.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

AM Best Affirms Credit Ratings of Universal Insurance Company (Guernsey) Limited

Retrieved on: 
Tuesday, April 23, 2024
Other Professional Services, Professional Services, Insurance, GBP, News, UHL, UIC, Credit, AM Best, ERM, ALL

AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Universal Insurance Company (Guernsey) Limited (UIC) (Guernsey).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Universal Insurance Company (Guernsey) Limited (UIC) (Guernsey).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Guernsey Holdings Acquires 20 Zaxby’s Restaurants in South Carolina

Retrieved on: 
Monday, April 15, 2024
Finance, Restaurant, Bar, Retail, Professional Services, Asset Management, Sale, Administration, PMG, Salad, Acquisition, Fast food

Guernsey Holdings, LLC, a holding company that owns and operates a diversified portfolio of consumer-facing franchised businesses, today announced the acquisition of 20 Zaxby’s restaurants located throughout South Carolina.

Key Points: 
  • Guernsey Holdings, LLC, a holding company that owns and operates a diversified portfolio of consumer-facing franchised businesses, today announced the acquisition of 20 Zaxby’s restaurants located throughout South Carolina.
  • National Franchise Sales, Inc., the preeminent M&A firm for franchise restaurant resales in the U.S., represented Performance Management Group (“PMG”) on its sale of the restaurants.
  • Guernsey partnered with existing management, Candice Anderson and Chad Ham, to acquire the restaurants from licensees Jim and Britt Poston, who started the business 27 years ago.
  • “We are excited to partner with the talented PMG management team and an exceptional group of employees,” said Mike James, Founder & CEO of Guernsey Holdings.

Kroll Expands Global Restructuring Team with Addition of Angela Barkhouse as Head of Offshore Restructuring Business

Retrieved on: 
Friday, April 12, 2024
Consulting, Legal, Professional Services, Finance, Recovery, Insolvency, RISA, ACCA, Cayman Islands, Corruption, Accountant, Barkhouse, British Virgin Islands, Fraud, Financial services

Kroll , the leading independent provider of global risk and financial advisory solutions, announced today the expansion of its Restructuring practice with the appointment of Angela Barkhouse.

Key Points: 
  • Kroll , the leading independent provider of global risk and financial advisory solutions, announced today the expansion of its Restructuring practice with the appointment of Angela Barkhouse.
  • Barkhouse will lead Kroll’s Offshore Restructuring business internationally and co-lead Kroll’s Cayman Islands and British Virgin Islands operations with Mitchell Mansfield.
  • Barkhouse’s appointment will also allow Mansfield to further develop Kroll’s growing Funds and Asset Management practice around the world.
  • Cosimo Borrelli, Managing Director and Co-Head of Restructuring at Kroll, said: “Mitchell and I are delighted to welcome Angela to Kroll.

Webtel.mobi publishes a detailed article on why the US Dollar is not under threat as Global Reserve Currency, nor a consideration for Global Financial Reform

Retrieved on: 
Thursday, March 28, 2024
CHIPS, Finance, Learning, Stasis, Financial services, Travel, ALL, Local, Routing, City, Parity, Senior management, TCH, Communication, Control, Fiat, Telecommunications, Policy, World War II, Person, RTAI, Station, Global Telecommunications System, Management, CIPS, Distribution, Old, Security, FX, Global financial system, Uber, Signal, Telephony, CLS Group, RTGS, IBAN, Comment, Financial system, Payment card, Wi-Fi, Paralysis, LCH, Local currency, Fedwire, CME, Global Operations, Centralisation, Century, Platform 1, Conversion, Cryptocurrency

It is rather the Global System over which all currencies are transacted that creates all global imbalances, weighted advantages or potential reform solutions.

Key Points: 
  • It is rather the Global System over which all currencies are transacted that creates all global imbalances, weighted advantages or potential reform solutions.
  • Through these decisions, so-called Reserve Currencies, Illiquid Currencies, Exchange Rates, Currency Flows, Currency Exchange and all other aspects of the Global Economic and Financial System are determined.
  • This situation is – and will be – impossible to alter without reform of the Global Financial System.
  • The Global Financial System functions like a railway network, with:
    A System of Railway Tracks on which all Carriages (i.e.

TISE reports strong growth in new listings to begin 2024

Retrieved on: 
Monday, April 8, 2024
Qualification, Real estate investment trust, The International Stock Exchange, History, Exchange, Lisp (programming language), Security (finance)

ST PETER PORT, Guernsey, April 8, 2024 /PRNewswire/ -- The International Stock Exchange (TISE) has secured a very positive start to the year.

Key Points: 
  • ST PETER PORT, Guernsey, April 8, 2024 /PRNewswire/ -- The International Stock Exchange (TISE) has secured a very positive start to the year.
  • There were 228 newly listed securities on TISE during the first quarter of 2024, a 28.8% increase on the 177 securities listed during the equivalent period in 2023.
  • Cees Vermaas, CEO of TISE, said: "I am delighted with the strong performance of our public market during the first quarter of 2024.
  • A continuation of this upward momentum in the markets will enable us to build on our strong start going forward."

TISE reports strong growth in new listings to begin 2024

Retrieved on: 
Monday, April 8, 2024
Qualification, Real estate investment trust, The International Stock Exchange, History, Exchange, Lisp (programming language), Security (finance)

ST PETER PORT, Guernsey, April 8, 2024 /PRNewswire/ -- The International Stock Exchange (TISE) has secured a very positive start to the year.

Key Points: 
  • ST PETER PORT, Guernsey, April 8, 2024 /PRNewswire/ -- The International Stock Exchange (TISE) has secured a very positive start to the year.
  • There were 228 newly listed securities on TISE during the first quarter of 2024, a 28.8% increase on the 177 securities listed during the equivalent period in 2023.
  • Cees Vermaas, CEO of TISE, said: "I am delighted with the strong performance of our public market during the first quarter of 2024.
  • A continuation of this upward momentum in the markets will enable us to build on our strong start going forward."

Pantheon announces leadership succession plan, Kathryn Leaf to become CEO in 2025

Retrieved on: 
Thursday, March 21, 2024
Professional Services, Business, Finance, Asset Management, Consulting, Banking, Real estate, KLFB, Type, Central bank, Growth, Private equity, Investment advisory, Partner (business rank), Partnership, Lead, History, Sale, LLP, Strategic planning, Real assets, Executive Committee, Pantheon Ventures, Investment, DAC, AUM, Money, Guernsey Financial Services Commission, Security (finance)

The transition will be effective from January 1, 2025, and is subject to standard regulatory approval.

Key Points: 
  • The transition will be effective from January 1, 2025, and is subject to standard regulatory approval.
  • I am very pleased that Kathryn will lead Pantheon through this next exciting phase of growth as we look to continue to deliver market-leading strategies to our investors.”
    Ms.
  • Leaf is a 25-year private markets investor and a 15-year veteran at Pantheon.
  • Pantheon Ventures (Guernsey) Ltd and a number of other Pantheon entities incorporated in Guernsey are regulated by the Guernsey Financial Services Commission.

Summit Midstream Partners, LP Announces Sale of Utica Position for $625 Million

Retrieved on: 
Friday, March 22, 2024
Condensate, Permian, Janus, MVC, Natural gas, Partnership, Noble, Sale, Public expenditure, Utica Shale, Loss, Bank statement, Adjustment, OCC, OGC, GAAP, Depreciation, Special, Delaware Basin, RBC Capital Markets, Bookkeeping

HOUSTON, March 22, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today the sale of Summit Midstream Utica, LLC, which includes its approximately 36% interest in Ohio Gathering Company, LLC ("OGC"), approximately 38% interest in Ohio Condensate Company, LLC ("OCC", collectively with OGC, "Ohio Gathering") and wholly owned Utica assets (collectively, "Utica Position") to a subsidiary of MPLX LP ("MPLX") for $625 million in cash (the "Utica Divestiture"). 

Key Points: 
  • HOUSTON, March 22, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today the sale of Summit Midstream Utica, LLC, which includes its approximately 36% interest in Ohio Gathering Company, LLC ("OGC"), approximately 38% interest in Ohio Condensate Company, LLC ("OCC", collectively with OGC, "Ohio Gathering") and wholly owned Utica assets (collectively, "Utica Position") to a subsidiary of MPLX LP ("MPLX") for $625 million in cash (the "Utica Divestiture").
  • The Board and management plan to seek approval from Summit unitholders to convert the Partnership to a C-Corp at a Special Meeting later this year.
  • Summit Utica: The Summit Utica system is a natural gas gathering system located in Belmont and Monroe counties in southeastern Ohio and serves producers targeting the dry-gas reserves of the Utica and Point Pleasant shale formations.
  • The Summit Utica system gathers and delivers natural gas, primarily under long-term, fee-based gathering agreements, which include acreage dedications.