Milliman, Inc., a leading provider of actuarial consulting services to the life insurance industry, announced its support of efforts by the National Association of Insurance Commissioners (NAIC) and the American Council of Life Insurers (ACLI) to develop reserve & asset valuations as well as capital standards that more fairly and accurately reflect the underlying economics [...]

American Physicians Capital, announced net income of $11.2 million or $1.13 per diluted common share for the third quarter of 2008. This compares to net income of $13.3 million, or $1.21 per diluted share for the third quarter of 2007. Year-to-date APCapital has generated net income of $33.6 million or $3.37 per diluted share [...]

Avant Capital Partners (AVANT), a leading New York City based commercial mortgage bank that specializes in multifamily financing, closed a bridge loan of $2,853,301 for the acquisition and renovation of a 304-unit apartment complex in Dallas, TX. The loan was based upon 70% loan-to-cost and included the acquisition and renovation costs, as well as an [...]

AXIS Capital Holdings Limited announced that the Company’s Board of Directors has appointed Thomas C. Ramey and Wilhelm Zeller to its Board as independent directors. Both will serve as Class II Directors.
Michael Butt, Chairman of AXIS Capital, said: “We are delighted to welcome Thomas C. Ramey and Wilhelm Zeller to AXIS Capital’s Board of Directors. [...]

Synovis Life Technologies, Inc. has entered into a definitive purchase agreement through a wholly owned subsidiary to acquire substantially all the assets of Pegasus Biologics, Inc., a privately held medical device company based in Irvine, Calif., focused on the development of advanced biological solutions for soft tissue repair. The purchase price is $12.1 million in [...]

June 29th, CommuniCare Health Centers (CCHC) received a $1.447 million capital improvement grant from the Health Resources and Services Administration (HRSA) to fund construction of the organization’s new community health center in Kyle, Texas.
“This grant will make it possible for us to build a new health center and expand services to help the medically [...]

Aquiline Capital Partners LLC (“Aquiline”), a New York-based private equity firm investing in the financial services sector, today announced it has acquired Conning & Company (“Conning”), a leading global provider of expert solutions and services to the insurance market. The sale by Swiss Reinsurance Company Ltd. (“Swiss Re”), under undisclosed terms, will include Conning’s U.S. [...]

ACM Capital Partners, a national investment and advisory firm specializing in assisting middle-market companies in transition or distress, and Crestmark Bank, a nationally recognized provider of working capital solutions to small- and mid-sized businesses, today announced they have partnered to deliver a multi-million dollar asset-based loan for a struggling medical device company headquartered in California.
The [...]

Max Capital Group Ltd.commented on the second amended offer by Validus Holdings, Ltd. in Validus’s hostile takeover bid for IPC Holdings, Ltd. The latest by Validus fails once again to provide IPC shareholders with a financially attractive outcome. In addition, it offers no realistic path to complete a transaction. This change by Validus today of [...]

The Board of Directors of White Mountains Re Group, Ltd., the Bermuda-based reinsurance unit of White Mountains Insurance Group, Ltd. has declared a dividend of $37.53 per share, payable in cash on or before June 30, 2009, to holders of record of its Fixed/Floating Perpetual Non-Cumulative Preference Shares as of the close of business on [...]