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US life insurer, Brighthouse Financial, was downgraded by ratings agency Fitch on Monday, following the announcement it was to be acquired by private investment firm Aquarian Capital LLC, which has a lower credit rating than Brighthouse. This downgrade is emblematic of an increasing exposure to worsening credit ratings via investment in private credit and equity, and ownership by less regulated private equity companies.  Brighthouse Financial’s Issuer Default Rating (IDR) dropped to ‘BBB’ from ‘BBB+’, and the Insurer Financial Strength (IFS) ratings of Brighthouse Life Insurance Company and New England Life Insurance Company fell to ‘A-‘ from ‘A’. The US life and health insurance sector saw more downgrades than upgrades in 2024, according to ratings agency AM Best, while the sector continu...

This article was produced with the support of ECOWAS Bank for Investment and DevelopmentDr George Agyekum Donkor, President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), has called for a bold and strategic approach to climate financing as a catalyst for Africa’s sustainable growth and economic transformation. His remarks were delivered at the 2025 Africa Financial Summit (AFIS) held in Casablanca, Morocco.Addressing delegates on the theme, “Climate and Bond Markets: How to Build Africa’s Sustainable Finance Arsenal”, Dr Donkor emphasised that Africa already possesses significant financial resources to fund climate-smart investments. He highlighted that the continent’s pension funds alone exceed USD 160 billion, with more than 90% invested ...

AB Akola Group AB Akola Group, company code: 148030011, address of the head office: Subaciaus str. 5, LT-01302 Vilnius, Lithuania. AB Akola Group invites shareholders, investors, analysts and other stakeholders to join its investor webinar for the 3 months results of the financial year 2025/2026, scheduled on November 20th, 2025 at 9:00 am (EET). The language of the event is English. The webinar will be hosted by the Deputy CEO for Finance and Investments of the company Mažvydas Šileika who will introduce the financial results and comment on the recent developments in the company. After the presentation, investors are welcome to ask questions. We encourage attendees to send their questions before the webinar until November 19th, 2025 to simona.backiene@nasdaq.com How to joi...

By Simon Jessop BELEM, Brazil (Reuters) -The World Bank and other multilateral development banks (MDBs) are under pressure to offer more help to poor countries being hammered by energy challenges and climate disasters. Here is what you ​need to know: WHAT ARE DEVELOPMENT BANKS AND WHAT DO THEY DO? These banks – which can be domestic or international –‌ are largely funded by national budgets to help tackle development challenges through technical assistance, grants and low-cost loans. They might focus on a single goal, such as subsidizing housing ‌or helping farmers through hard times. However many of the international, or “multilateral”, development banks like the World Bank or African Development Bank have broad mandates along the lines of alleviating poverty or driving economi...

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At the Singapore FinTech Festival 2025, FinVolution showcased a new vision for AI in finance, one where machines do more than forecast risks. SINGAPORE, Nov. 12, 2025 /PRNewswire/ -- At the 2025 Singapore FinTech Festival, FinVolution Group's Vice President Lei Chen painted a vivid picture of finance transformed by artificial intelligence. From forecasting risks to reasoning through complex decisions, his insights showcased how AI is evolving from a predictive tool into a true strategic partner, reshaping how institutions approach credit, fraud prevention, and customer engagement. Speaking in a keynote titled "AI-Driven Financial Evolution: Beyond Forecasting," Chen emphasized that the era of AI in finance is no longer about automation alone; it is about building intelligent, s...

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Key stat: This year, media and entertainment brands will spend nearly twice as much on linear TV ads (10.0%) as they will on over-the-top (OTT) streaming services (5.4%), according to MediaRadar data and an August 2025 EMARKETER forecast.Beyond the chart: Prescription pharmaceuticals accounted for 13.1% of US linear TV ad spend in Q3 2025, the highest of any industry, per an October report from iSpot.tv. Almost a third of Gen X, boomers, and seniors (31%) watch 1 to 3 hours of live TV daily, according to May 2025 data from YouGov. Use this chart: Marketers and media planners can use this chart to reassess their channel mix and benchmark their OTT allocations to stay competitive in a fragmented video ecosystem. Agencies can use this data to guide clients toward more data-driven, audience-f...

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Great Lakes General Agency (GLGA), an independent wholesale broker and MGA specializing in commercial transportation insurance, has appointed Jason Austin (pictured, right) as president and CEO, effective Nov. 10. Austin has over 16 years of insurance industry experience, including leadership roles at Crum & Forster, AIG, and Selective Insurance. Source link