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Verisk and S&P Global Energy Collaborate to Deliver Insurance-Adjusted Climate Risk Intelligence
Prnewswire· 2026-02-17 13:30
Core Insights - S&P Global Energy and Verisk have announced a collaboration to provide climate catastrophe exposure data and insights for the financial and insurance sectors, aiming to quantify the financial impacts of climate and natural catastrophe events [1][2] - This partnership addresses the urgent need for robust risk analytics in light of recent record-setting losses from natural hazards, creating a new industry benchmark for climate risk intelligence [1] Industry Applications - **Real Estate**: The collaboration offers insights and modeling capabilities to understand insured and uninsured risks, helping identify growth opportunities [1] - **Asset Management**: It enhances climate and physical hazards risk analysis with decision-grade data, allowing asset managers to mitigate climate-driven risks across real estate holdings [1] - **Finance**: The partnership meets rising regulatory and investor expectations for climate-risk disclosure, providing actionable insights for effective risk-mitigation and lending strategies [1] - **Insurance**: It reduces uncertainty in underwriting future climate-related flood exposure, enabling banks and insurers to enhance portfolio stress testing and optimize capital allocation [1] Data Integration and Innovation - Verisk's climate catastrophe risk data will be integrated into S&P Global Sustainable1's climate risk platform, allowing for the assessment of insured versus uninsured losses due to climate change [1] - The collaboration will also incorporate climate-adjusted inland flood data with Verisk's event simulations to model future climate events through 2050, providing a cutting-edge dataset for insurers [1] - The combined risk intelligence metrics will empower clients to quantify, disclose, and manage exposure to financial impacts from physical hazards and climate risk [1]
Kennedy Wilson Enters into Agreement to be Acquired by Consortium Led by William McMorrow and Fairfax Financial
Globenewswire· 2026-02-17 11:30
Core Viewpoint - Kennedy-Wilson Holdings, Inc. is set to be acquired by a consortium led by its Chairman and CEO William McMorrow, along with Fairfax Financial Holdings, in an all-cash transaction valued at $10.90 per share, representing a 46% premium over the unaffected share price as of November 4, 2025 [1][2]. Transaction Details - The acquisition will involve the Consortium purchasing all outstanding common shares of Kennedy Wilson, excluding shares owned by Consortium members and affiliates [2]. - Fairfax has committed to provide up to $1.65 billion in funding to facilitate the transaction, which includes the cash purchase price and other necessary payments [3]. - The transaction is not contingent on financing conditions, ensuring that the acquisition can proceed as planned [3]. Board Approval - The Board of Directors of Kennedy Wilson unanimously approved the transaction based on the recommendation of a special committee of independent directors, which was formed in response to the Consortium's proposal [4]. Closing Conditions - The transaction is expected to close in the second quarter of 2026, pending customary closing conditions, including majority shareholder approval and necessary regulatory approvals [5]. Dividend Declaration - Kennedy Wilson's Board may declare up to two ordinary course quarterly dividends of $0.12 per share to common stockholders until the requisite approvals for the transaction are obtained [6]. Company Overview - Kennedy Wilson is a leading real estate investment company with $31 billion in assets under management across high-growth markets in the U.S., the UK, and Ireland [8]. - The company has closed over $60 billion in total transactions since going public in 2009, focusing on opportunistic equity and debt investments [9]. Fairfax Overview - Fairfax Financial Holdings is primarily engaged in property and casualty insurance and reinsurance, along with associated investment management [11].
Chesnara CEO on €110 million acquisition of Scottish Widows Europe, pipeline and future prospects
Yahoo Finance· 2026-02-17 09:58
Chesnara PLC (LSE:CSN) CEO Steve Murray talked with Proactive's Stephen Gunnion about the company’s €110 million acquisition of Scottish Widows Europe and why the deal is expected to generate approximately €250 million in lifetime cash. Murray explained that lifetime cash generation remains a core attraction in Chesnara’s acquisition strategy. Of the €250 million expected from the transaction, around €100 million is forecast within the first five years, supporting early capital return alongside long-term ...
Aon appoints Nick Fraccalvieri to lead global facultative reinsurance unit
Yahoo Finance· 2026-02-17 09:53
Aon has selected Nick Fraccalvieri to serve as CEO of global facultative at its Reinsurance Solutions division, effective from 1 March 2026. Fraccalvieri joined Aon in 2023, becoming CEO of EMEA facultative reinsurance activities, a role he will retain alongside his new responsibilities. He has more than 25 years of experience in the insurance industry, with a background in both regional and international leadership roles. Since his arrival, he has managed a team focused on developing the facultative r ...
Chesnara, Empire Metals, Tertiary Minerals, Applied Nutrition, Pan African Resources
Yahoo Finance· 2026-02-17 09:18
Group 1 - Chesnara PLC is acquiring Scottish Widows Europe from Lloyds Banking Group for €110 million in cash, which will add €1.7 billion of assets and is expected to generate €250 million of lifetime cash [1] - Empire Metals Ltd has initiated its largest drilling campaign at the Pitfield project in Western Australia, planning to drill more than 750 holes to upgrade and expand its titanium resource [1] Group 2 - Tertiary Minerals PLC reported positive momentum in Zambia following a new copper-silver discovery at Mushima North, with drilling set to resume in the second quarter and a JORC Exploration Target expected soon [2] - Applied Nutrition PLC anticipates full-year results to exceed forecasts after a strong performance in January, with first-half revenue increasing by 57% to £74.5 million and full-year guidance raised to approximately £140 million [2] Group 3 - Pan African Resources PLC will hold a new general meeting in London on 26 March due to a court ruling that the notice for its previous capital reduction vote was not properly given [3]
Prudential Financial Stock: Is Wall Street Bullish or Bearish?
Yahoo Finance· 2026-02-17 08:27
Core Viewpoint - Prudential Financial, Inc. (PRU) is experiencing a decline in stock performance compared to broader market indices, despite reporting positive earnings growth in its latest quarter [2][5]. Financial Performance - For Q4 2025, PRU reported after-tax adjusted operating income of $1.168 billion, or $3.30 per share, and net income of $905 million, or $2.55 per share, both showing year-over-year increases [5]. - Analysts project PRU's EPS to rise by 1.9% year-over-year to $14.70 for the current year ending in December [6]. Stock Performance - PRU's stock has decreased by 6.5% over the past 52 weeks and 7.3% year-to-date, while the S&P 500 Index has returned 11.8% over the same period [2]. - The stock has also underperformed compared to the iShares U.S. Insurance ETF, which rose by 3.9% over the past year [3]. Analyst Ratings - Among 19 analysts covering PRU, the consensus rating is a "Hold," with two "Strong Buy" ratings, 15 "Holds," and two "Strong Sells" [6]. - Mizuho analyst Yaron Kinar maintained a 'Neutral' rating while lowering the price target from $126 to $113, indicating a potential upside of 10.2% from current market prices [8].
Colin Wildey appointed Chief Risk Officer, International
Prnewswire· 2026-02-17 08:00
Colin Wildey appointed Chief Risk Officer, International [Accessibility Statement] Skip NavigationLONDON, Feb. 17, 2026 /PRNewswire/ -- Markel Insurance, the insurance operation within Markel Group Inc. (NYSE: MKL), today announced that Colin Wildey has been promoted to Chief Risk Officer for Markel International, subject to regulatory approval.Wildey has been Head of Risk for Markel International since 2022, where he has played a central role in advancing the organisation's Risk Management framework and he ...
Best Value Stocks to Buy for February 17th
ZACKS· 2026-02-17 07:35
Core Insights - Three stocks with strong value characteristics and a buy rank are highlighted for investors: Deluxe Corporation, Slide Insurance Holdings, and Ford Motor Company [1][2][3] Company Summaries Deluxe Corporation - Provides integrated payments, data, and marketing solutions for businesses nationwide - Holds a Zacks Rank 1 - Zacks Consensus Estimate for current year earnings increased by 11.1% over the last 60 days - Price-to-earnings ratio (P/E) is 6.38, compared to the industry average of 10.80 - Possesses a Value Score of A [1][2] Slide Insurance Holdings, Inc. - An insurance company with a Zacks Rank 1 - Zacks Consensus Estimate for current year earnings increased by 4.9% over the last 60 days - Price-to-earnings ratio (P/E) is 6.24, compared to the industry average of 10.30 - Possesses a Value Score of B [2] Ford Motor Company - An automobile giant with a Zacks Rank 1 - Zacks Consensus Estimate for current year earnings increased by 7% over the last 60 days - Price-to-earnings ratio (P/E) is 9.28, compared to the industry average of 33.40 - Possesses a Value Score of A [3]
This $750,000 Stock Could Be Your Ticket to Millionaire Status
The Motley Fool· 2026-02-17 07:15
Core Insights - Berkshire Hathaway has averaged annual gains of about 20% over the past decades, although growth has slowed recently [1][4] - The stock is currently priced at approximately $497.45 per share, with a market capitalization of $1.1 trillion [7] - The company is involved in various sectors including insurance, energy, transportation, manufacturing, and retail, owning numerous subsidiaries and a significant stock portfolio [7][8] Investment Potential - Investing in Berkshire Hathaway is suggested as a safer alternative to growth stocks, which can be overvalued and more volatile during market downturns [2][4] - A conservative estimate for future growth is around 11% annually, which could lead to substantial returns over time, such as $1,372,960 after 25 years with a monthly investment of $1,000 [5][4] - The company has a diverse portfolio, including ownership stakes in major companies like Chevron, American Express, Coca-Cola, and Bank of America [7]
LHV Group Results for January 2026
Globenewswire· 2026-02-17 06:00
LHV Group’s results for January 2026 were characterised by higher profitability and growth in business volumes. The consolidated loan portfolio of LHV Group increased by EUR 51 million over the month, reaching EUR 5.52 billion. Total deposits decreased by EUR 214 million to EUR 7.92 billion. The volume of funds managed by LHV increased by EUR 13 million to EUR 1.72 billion. In January, 8.7 million payments related to financial intermediaries were processed. AS LHV Group earned a consolidated net profit of E ...