P&I | Jotup

Sunnova Reports First Quarter 2024 Financial Results

Retrieved on:

Wednesday, May 1, 2024

Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), a leading adaptive energy services company, today announced financial results for the first quarter ended March 31, 2024.

Key Points:

Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), a leading adaptive energy services company, today announced financial results for the first quarter ended March 31, 2024.
As of March 31, 2024, Sunnova had total cash of $487.5 million, including restricted and unrestricted cash.
As Sunnova re-focuses on its core adaptive energy customers it now expects full year 2024 customer additions to fall between 140,000 and 150,000.
Sunnova is hosting a conference call for analysts and investors to discuss its first quarter 2024 results at 8:00 a.m. Eastern Time, on May 2, 2024.

One80 Intermediaries Announces Launch of Stella Maris, A New Horizon in Watercraft Rental Risk Management for Operators That Use vQuip OS

Retrieved on:

Wednesday, April 24, 2024

Technology, Professional Services, Insurance, Data Management, P&I, Safety, Risk, Stella Maris, Partnership, OS, Intermediary, Documentation, Collection, Risk assessment

One80 Intermediaries, a specialty insurance broker and program manager, today proudly announces the launch of Stella Maris, a groundbreaking insurance product designed specifically to address the unique needs of standalone watercraft rental businesses.

Key Points:

One80 Intermediaries, a specialty insurance broker and program manager, today proudly announces the launch of Stella Maris, a groundbreaking insurance product designed specifically to address the unique needs of standalone watercraft rental businesses.
Stella Maris heralds a new era in risk mitigation and program development for the watercraft rental industry and will only be accessible to rental operators who utilize the vQuip OS safety and loss control platform.
Key advantages of Stella Maris for rental owners:
Competitive commercial insurance rates and adaptable coverage options via Stella Maris.
Operators utilizing this platform distinguish themselves in a fiercely competitive market and gain exclusive access to the Stella Maris program by One80 Intermediaries."

ICE Mortgage Monitor: Trading Up to a 25% More Expensive Home Would More Than Double the Average Mortgage Holder’s Payment

Retrieved on:

Monday, April 1, 2024

Construction & Property, Data Analytics, Finance, Professional Services, Consumer, Fintech, Other Construction & Property, Residential Building & Real Estate, Research, Intercontinental Exchange, Intercontinental, SAAR, Sale, ICE, City, Housing, P&I, Real estate

There are many headwinds facing the would-be seller in today’s market, making their existing mortgage payment particularly attractive in comparison.

Key Points:

There are many headwinds facing the would-be seller in today’s market, making their existing mortgage payment particularly attractive in comparison.
“That average homeowner’s mortgage payment would more than double, to gain just 25% in property value – hardly an entertaining proposition.
“After closing out 2023 at an 11-year low, home sales have begun to improve over the last two months,” Walden added.
Much more information on these and other topics can be found in this month’s Mortgage Monitor.

Unity insurance facility expanded to cover all shipping to and from Ukrainian ports

Retrieved on:

Friday, March 1, 2024

Unity now provides affordable war risk insurance for ships carrying all non-military cargo – such as iron ore, steel, and containerised shipping – and underpins Ukraine’s wider maritime export ecosystem.

Key Points:

Unity now provides affordable war risk insurance for ships carrying all non-military cargo – such as iron ore, steel, and containerised shipping – and underpins Ukraine’s wider maritime export ecosystem.
In addition to grain, Unity now provides cover for Ukraine’s other leading export industries including iron ore, steel, electrical equipment, and animal fodder.
Underwritten by insurers based at Lloyd’s and other London-based insurers, and led by Ascot, Unity provides up to US$50 million in hull and P&I war risk insurance.
New partnerships between the public and private sector, including the expansion of the Marsh Unity facility, are the hallmark of the Lloyd’s market, bringing insurance experts and policymakers together to solve complex risks.”

Sunnova Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Wednesday, February 21, 2024

Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), a leading adaptive energy services company, today announced financial results for the fourth quarter and full year ended December 31, 2023.

Key Points:

Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), a leading adaptive energy services company, today announced financial results for the fourth quarter and full year ended December 31, 2023.
Revenue increased to $720.7 million, or by $163.0 million, for the year ended December 31, 2023 compared to the year ended December 31, 2022.
As of December 31, 2023, Sunnova had total cash of $494.4 million, including restricted and unrestricted cash.
Sunnova is hosting a conference call for analysts and investors to discuss its fourth quarter and full year 2023 results at 8:00 a.m. Eastern Time, on February 22, 2024.

Kelly Reports Fourth-Quarter 2023 Earnings

Retrieved on:

Thursday, February 15, 2024

Growth, Sale, P&I, Cryptocurrency

Kelly reported operating earnings in the fourth quarter of 2023 of $7.3 million, compared to earnings of $4.6 million reported in the fourth quarter of 2022.

Key Points:

Kelly reported operating earnings in the fourth quarter of 2023 of $7.3 million, compared to earnings of $4.6 million reported in the fourth quarter of 2022.
Earnings in the fourth quarter of 2023 include $14.8 million of charges related to transformation actions and the first-quarter 2024 sale of our European staffing operations.
Excluding those charges, adjusted earnings were $22.1 million in the fourth quarter of 2023.
Included in earnings per share in the fourth quarter of 2023 were restructuring charges, net of tax, of $0.16.

Best's Market Segment Report: P&I Clubs Improve Underwriting Results but Further General Increases Needed to Keep Up With Inflation

Retrieved on:

Monday, February 12, 2024

Insurance, Professional Services, International Marxist Group, ALL, News, AM Best, Protection, Data, Face, P&I

The Best’s Market Segment Report, “P&I Clubs: Improving Underwriting Results but Further General Increases Needed to Keep Up With Inflation,” notes the general increases announced by P&I Clubs for 2024 are slightly below those of the previous year (when some of the clubs applied increases up to 10%).

Key Points:

The Best’s Market Segment Report, “P&I Clubs: Improving Underwriting Results but Further General Increases Needed to Keep Up With Inflation,” notes the general increases announced by P&I Clubs for 2024 are slightly below those of the previous year (when some of the clubs applied increases up to 10%).
AM Best considers the level of general increases necessary for clubs to maintain breakeven underwriting results in the face of inflationary economic conditions and the potential for a worse pool year to emerge in the future.
To access a complimentary copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=340404 .
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Edison issues flash on HgT (HGT): Preliminary FY23 NAV total return of 10.7%

Retrieved on:

Tuesday, February 6, 2024

Investment, Howden, Growth, JTL, Horizontal gene transfer, NAV, P&I

HgT’s preliminary unaudited FY23 trading update reported a 10.7% net asset value total return (NAV TR) in FY23 (of which c 1% in Q423).

Key Points:

HgT’s preliminary unaudited FY23 trading update reported a 10.7% net asset value total return (NAV TR) in FY23 (of which c 1% in Q423).
HgT therefore sustained its multi-year track record of delivering c 20–30% pa revenue and EBITDA growth.
The discount narrowing from 23% to 13% during FY23 (now c 14%) translated into a share price TR of 26.2%.
HgT was cautious in terms of new and follow-on platform investments in FY23, with total investments of £71m, including GTreasury, Nomadia, JTL, P&I and Howden.

AM Best Affirms Credit Ratings of Sveriges Ångfartygs Assurans Förening (The Swedish Club)

Retrieved on:

Thursday, January 25, 2024

Professional Services, Insurance, Finance, Bank statement, Credit, ALL, P&I, Risk management, Pressure, International Marxist Group, USD, TSC, News, AM Best, Club, Cryptocurrency

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Sveriges Ångfartygs Assurans Förening (The Swedish Club) (TSC or the Club) (Sweden).

Key Points:

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Sveriges Ångfartygs Assurans Förening (The Swedish Club) (TSC or the Club) (Sweden).
The outlook of these Credit Ratings (ratings) is negative.
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 .

StepStone Group Recognized Among Best Places to Work in Money Management by Pensions & Investments

Retrieved on:

Monday, December 11, 2023

Crain Communications, Culture, Investment, Pension, NeXT, P&I, Management

NEW YORK, Dec. 11, 2023 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, today announced it has been named one of the Best Places to Work in Money Management by Pensions & Investments.

Key Points:

NEW YORK, Dec. 11, 2023 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, today announced it has been named one of the Best Places to Work in Money Management by Pensions & Investments.
The publication's 12th annual survey is dedicated to identifying and recognizing the best employers in the money management industry.
“At StepStone, we believe that a positive and inclusive workplace is essential for driving innovation and delivering exceptional results for our clients."
For a complete list of the 2023 Pensions & Investments’ Best Places to Work in Money Management winners and write-ups, go to www.pionline.com/BPTW2023 .