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Mount Logan Capital Inc. Announces Fourth Quarter and Full Year 2022 Financial Results

Retrieved on:

Wednesday, March 22, 2023

TORONTO, March 22, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) announced today its financial results for the fourth quarter and full year ended December 31, 2022. All amounts are stated in United States dollars, unless otherwise indicated.

Key Points:

Invested an additional $4.0 million into OCIF through the Company’s wholly-owned subsidiary Mount Logan Management LLC (“ML Management”).
Ted Goldthorpe, Chief Executive Officer and Chairman of Mount Logan stated, “We are excited about the progress made in 2022 as our strategic positioning of Mount Logan across the asset management and insurance solutions verticals produces results.
Basic Earnings per share (“EPS”) was $0.82 for fiscal 2022, a decrease of $0.73 from $1.55 for fiscal 2021.
Adjusted basic EPS was $0.57 for fiscal 2022, a decrease of $1.20 from $1.77 for fiscal 2021.

MLC CAD Systems authorized to sell and support SOLIDWORKS products in Utah, Idaho, and Washington.

Retrieved on:

Wednesday, March 22, 2023

MLC CAD Systems, LLC, a leading provider of engineering and manufacturing solutions with extensive experience in CAD, CAM, CAE, PLM, and Additive Manufacturing, has expanded SOLIDWORKS operations to Utah, Idaho, and Washington.

Key Points:

MLC CAD Systems, LLC, a leading provider of engineering and manufacturing solutions with extensive experience in CAD, CAM, CAE, PLM, and Additive Manufacturing, has expanded SOLIDWORKS operations to Utah, Idaho, and Washington.
For over 40 years, MLC CAD Systems has helped customers design, engineer, and manufacture their products with an emphasis on optimizing the usage of mission-critical applications including SOLIDWORKS, Mastercam, and Markforged 3D Printers.
MLC has served Utah, Idaho, and Washington for decades with Mastercam solutions, training, and support.
MLC has a strong record of providing support and expertise with a strong local presence and many educational events and activities.

Mount Logan Capital Inc. Schedules Release of Fourth Quarter and Fiscal Year 2022 Results

Retrieved on:

Thursday, March 16, 2023

MLC, NEO, Cryptocurrency

TORONTO, March 16, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” “our,” “we,” or the “Company”) will release its financial results for the year ended December 31, 2022 on or about Wednesday, March 22, 2023 after 5:00 p.m. Eastern Time on the date of release.

Key Points:

TORONTO, March 16, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” “our,” “we,” or the “Company”) will release its financial results for the year ended December 31, 2022 on or about Wednesday, March 22, 2023 after 5:00 p.m. Eastern Time on the date of release.
The Company will host a conference call on Thursday, March 30, 2023, at 10:00 a.m. Eastern Time.
Shareholders, prospective shareholders, and analysts are welcome to listen to the conference call.
A recording of the conference call will be available on the Company’s website www.mountlogancapital.ca in the Investor Relations section under “Events”.

Western Union Expands Initial Test Service from the United States to Cuba

Retrieved on:

Thursday, March 2, 2023

Hispanic, Banking, Professional Services, Consumer, NYSE, Central bank, MLC, Central Bank of Cuba, Bank, Cryptocurrency, Miami metropolitan area, Western Union

Western Union (NYSE: WU) today announced a major expansion of its pilot program providing money transfer services from the U.S. to Cuba.

Key Points:

Western Union (NYSE: WU) today announced a major expansion of its pilot program providing money transfer services from the U.S. to Cuba.
The initial test phase of the pilot program, launched on January 4, included send service from a select group of U.S. retail locations in the Greater Miami area.
Today, it has grown to more than 4,400 retail locations across the United States and Puerto Rico, as well as the availability of digital send service from WesternUnion.com and the Western Union mobile app.
To process transactions to Cuba, Western Union signed an agreement with Orbit S.A. who received authorization from the Central Bank of Cuba in February 2022 as a non-banking financial institution to process money transfers to the island.

Flash Memory Component Forecast Report, Q1 2023 Edition - Quarterly Production of Floating Gate and 3D Flash Memory Components Plus XPoint Memory - ResearchAndMarkets.com

Retrieved on:

Wednesday, January 25, 2023

Technology, Data Management, MLC, Flash, TLC, 3D XPoint, NOR, Flash memory, Database, ASPS, Computer data storage

The "Flash Memory Component Forecast - Quarterly" database has been added to ResearchAndMarkets.com's offering.

Key Points:

The "Flash Memory Component Forecast - Quarterly" database has been added to ResearchAndMarkets.com's offering.
The study analyses quarterly the production of floating gate and 3D Flash memory components plus XPoint memory.
The Flash components are segmented by capacity for NOR, MLC NOR, serial NOR, Combo (NOR + xRAM), and into NAND, MLC NAND, TLC NAND, Combo (NAND + xRAM), 3D MLC NAND, 3D TLC NAND and XPoint/NVRAM.
Historical results are compiled from the Flash Memory Reporting Association (FMRA) that collects the quarterly shipments from the top Flash manufacturers.

Mount Logan Capital Inc. enters into a definitive purchase agreement with Ovation Partners for the management of its $254 million alternative income platform and employment of its tenured team

Retrieved on:

Tuesday, January 31, 2023

NEO, Investment, Ovation, MLC, Bank, Mount Logan

TORONTO, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” “our,” “we,” or the “Company”) today announced that it has entered into a definitive agreement (the “Purchase Agreement”) with Ovation Partners (“Ovation”), an Austin, TX based specialty-finance focused asset manager, for the management of Ovation’s alternative income platform which is focused on investments in commercial lending, real estate lending, consumer finance and litigation finance. As part of the proposed transaction, Mount Logan Management (“ML Management”) is expected to become the investment adviser to the platform.

Key Points:

As part of the proposed transaction, Mount Logan Management (“ML Management”) is expected to become the investment adviser to the platform.
We welcome the Ovation team to Mount Logan.”
Mike Rovner, Managing Partner of Ovation added, “This transaction combines Mount Logan's substantial operational scale with the successful track record that Ovation has built over the past decade.
Ovation's platform will continue to benefit from our robust underwriting and management capabilities while gaining access to a comprehensive investment sourcing network and a seasoned capital raising team.
The Mount Logan and Ovation teams are a natural fit with prior deal sharing and co-investment experience.

Hardware Encryption Market worth $357 million by 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Thursday, December 8, 2022

CHICAGO, Dec. 8, 2022 /PRNewswire/ --The global hardware encryption market is projected to grow from USD 271 million in 2021 to USD 357 million by 2027, at a CAGR of 4.8% during the forecast period from 2022 to 2027according to a new report by MarketsandMarkets.

Key Points:

CHICAGO, Dec. 8, 2022 /PRNewswire/ --The global hardware encryption market is projected to grow from USD 271 million in 2021 to USD 357 million by 2027, at a CAGR of 4.8% during the forecast period from 2022 to 2027according to a new report by MarketsandMarkets.
With the increase in the adoption of IoT-enabled products in automobiles, the demand for hardware encryption has increased.
This may hinder the growth of the hardware encryption market in China.
Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.

Hardware Encryption Market worth $357 million by 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Thursday, December 8, 2022

CHICAGO, Dec. 8, 2022 /PRNewswire/ --The global hardware encryption market is projected to grow from USD 271 million in 2021 to USD 357 million by 2027, at a CAGR of 4.8% during the forecast period from 2022 to 2027according to a new report by MarketsandMarkets.

Key Points:

CHICAGO, Dec. 8, 2022 /PRNewswire/ --The global hardware encryption market is projected to grow from USD 271 million in 2021 to USD 357 million by 2027, at a CAGR of 4.8% during the forecast period from 2022 to 2027according to a new report by MarketsandMarkets.
With the increase in the adoption of IoT-enabled products in automobiles, the demand for hardware encryption has increased.
This may hinder the growth of the hardware encryption market in China.
Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.

ACF Equity Research signs My Language Connection as Official Language Partner

Retrieved on:

Thursday, December 1, 2022

GDP, Annual, Partnership, Brain, Education, Translation, Research, Universal, Transcreation, ACF, East, Artificial intelligence, MLC, Poverty, Connection, Security (finance), Financial services, Language industry

London, United Kingdom, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Global Research House ACF Equity Research (ACF) today announced My Language Connection (MLC) as its official language partner.

Key Points:

London, United Kingdom, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Global Research House ACF Equity Research (ACF) today announced My Language Connection (MLC) as its official language partner.
Investment research is continually evolving, says Christopher Nicholson, Managing Director and Head of Research at ACF Equity Research.
My Language Connection is an ISO 17100 & 90012015 accredited translation agency , specialising in language services for a range of technical industries.
ACF Equity Research is an independent investment research company specialising in the highest specification independent equity research for corporate clients, which is then distributed globally and is free to investors.

Mount Logan Capital Inc. Obtains Loan of US$7,500,000 to Support Growth of Ability Insurance Company

Retrieved on:

Thursday, October 20, 2022

Mount Logan has guaranteed the obligations of Lind Bridge under the Note.

Key Points:

Mount Logan has guaranteed the obligations of Lind Bridge under the Note.
Lind Bridge intends to contribute the Loan Amount to its wholly-owned subsidiary, Ability Insurance Company (Ability) which amount will be used by Ability to support the reinsurance of additional annuities in order to grow Abilitys assets under management and further diversity the business of Ability away from its long-term care business.
About Mount Logan Capital Inc.
Mount Logan Capital Inc. is an alternative asset management company that is focused on investing in public and private debt securities in the North American market.
U.S. persons are not permitted to purchase the Companys shares absent an applicable exemption from registration under each of these Acts.