Elco

DGAP-News: CENTROTEC Climate Systems to join Ariston Group

Retrieved on: 
Thursday, September 15, 2022
PWC, Supervisory board, Engineering, DGAP, News, Growth, Climate system, Elco, CCS, Technology, Heat, Solution, M. M. Warburg & Co., Complementarity, EUR, ATAG, Security (finance), Cryptocurrency, Group, Wolf, Ariston

CENTROTEC group companies Wolf, Brink, Pro-Klima and Ned Air will benefit from Aristons scale, technologies, market access and global footprint

Key Points: 
  • CENTROTEC group companies Wolf, Brink, Pro-Klima and Ned Air will benefit from Aristons scale, technologies, market access and global footprint
    Brilon CENTROTEC SE (CENTROTEC) is proud and excited to announce that as of today we have paved the way for an even more successful and sustainable future for our group companies.
  • CENTROTEC has signed a binding agreement with Ariston Holding N.V. (Ariston):
    CENTROTEC Climate Systems (CCS) with its successful brands Wolf, Brink, Pro-Klima and Ned Air will become part of the Ariston Group.
  • CENTROTEC will become a significant shareholder of Ariston and, after the closing, will nominate Guido A. Krass founder, Chairman of the Supervisory Board and main shareholder of CENTROTEC to become a member of Aristons Board of Directors.
  • The air-handling-units of Wolf, Pro-Klima and Ned Air will complement the Ariston Groups offering of climate solutions to commercial clients.

Balanced Rock Power Completes Funding

Retrieved on: 
Wednesday, August 4, 2021
Articles, Bright green environmentalism, Low-carbon economy, Renewable energy, Renewable energy technology, Technological change

MOAB, Utah, Aug. 4, 2021 /PRNewswire/ -- Balanced Rock Power ("BRP") announced today a major milestone in completing its transaction with SG Energy, an Israeli originated renewables energy company investing in the United States, that establishes a long-term partnership and supports BRP's growth in the US renewable business.

Key Points: 
  • MOAB, Utah, Aug. 4, 2021 /PRNewswire/ -- Balanced Rock Power ("BRP") announced today a major milestone in completing its transaction with SG Energy, an Israeli originated renewables energy company investing in the United States, that establishes a long-term partnership and supports BRP's growth in the US renewable business.
  • The partnership includes an equity investment in BRP, the funding of ongoing development activities, and a letter of credit facility to support the development of projects in the United States.
  • "Balanced Rock Power's team has deep experience in the utility markets throughout the United States.
  • "We are thrilled to partner with Balanced Rock Power to scale its development efforts across the United States," said SG Energy VP Business Development Yuval Bar-Yosef.

AM Best Revises Outlooks to Positive for ELCO Mutual Life and Annuity

Retrieved on: 
Friday, May 31, 2019
Professional services, Insurance, Annuities, Actuarial science, Finance, Money, Economy, Insurance in the United States, United States contract law, Life annuity, Elco, Electric Launch Company

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of bb+ of ELCO Mutual Life and Annuity (ELCO) (Lake Bluff, IL).

Key Points: 
  • AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of bb+ of ELCO Mutual Life and Annuity (ELCO) (Lake Bluff, IL).
  • Continued improvement of balance sheet strength could result in positive rating action.
  • Furthermore, AM Best notes that ELCOs financial flexibility is somewhat limited as a small mutual company.
  • ELCOs business is concentrated in annuity offerings, although the company sells pre-need life insurance products, which add diversity.

KBRA Publishes Rating Report for ELCO Mutual Life and Annuity

Retrieved on: 
Thursday, January 17, 2019
Professional services, Insurance, Annuities, Finance, Economy, Money, Retirement, Insurance in the United States, Kroll Bond Rating Agency, Life annuity, Elco

On December 21, 2018, Kroll Bond Rating Agency (KBRA) assigned an insurance financial strength rating (IFSR) of BBB- with a Stable Outlook to ELCO Mutual Life and Annuity (ELCO), a life insurance and annuity company based in Lake Bluff, Illinois.

Key Points: 
  • On December 21, 2018, Kroll Bond Rating Agency (KBRA) assigned an insurance financial strength rating (IFSR) of BBB- with a Stable Outlook to ELCO Mutual Life and Annuity (ELCO), a life insurance and annuity company based in Lake Bluff, Illinois.
  • The rating reflects ELCOs consistent strong top-line growth and stable operating income, which is largely being generated by its flagship product, a Medicaid-compliant annuity (MCA).
  • ELCO employs a niche strategy within the senior market and benefits from a balanced portfolio of annuity and life insurance products, which should help diversify its reserve mix over time.
  • The rating is based on KBRAs Global Insurer & Insurance Holding Company Rating Methodology published on October 10, 2017.