The ongoing investigation by the Nevada Gaming Control Board (NGCB) into alleged anti-money laundering breaches at Resorts World Las Vegas (RWLV) has raised significant concerns about Genting Group's ability to navigate these regulatory challenges. This analysis examines the potential financial and
The acquisition landscape for medical professional liability (MPL) insurers in the United States has been significantly impacted by The Doctors Company Insurance Group's (TDC Group) announcement to acquire ProAssurance Corporation (PRA). This acquisition, announced on March 19, represents a major
Today, we're joined by Kofi Ndaikate, an expert in the dynamic world of Fintech. His expertise spans various industry areas, from blockchain and cryptocurrency to regulation and policy. We'll be discussing Evergreen Insurance's recent decision to withdraw from AM Best’s interactive rating process
In a recent development within the financial technology landscape, Kroll Bond Rating Agency (KBRA) has assigned preliminary ratings to the notes issued by Pagaya AI Debt Grantor Trust 2025-2 and Pagaya AI Debt Trust 2025-2 (PAID 2025-2). This marks a significant milestone for Pagaya Technologies
Chicago Mayor Brandon Johnson's proposal to borrow $830 million for infrastructure repairs has not only raised eyebrows but has also sparked a fierce political debate regarding the city's fiscal prudence. The plan aims to tackle Chicago's dilapidated streets, sidewalks, and bridges, yet the timing
In a noteworthy development for the reinsurance landscape, AM Best recently affirmed the Credit Ratings for Ocean International Reinsurance Company Limited (Ocean Re). This affirmation maintained Ocean Re’s Financial Strength Rating at A- (Excellent) and its Long-Term Issuer Credit Rating at "a-"
