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Expect 2017 to be a year of deal making in the insurance industry, according to a new report released today by KPMG International, with 84 percent of insurance companies surveyed planning to make between one and three acquisitions in 2017, while 94 percent plan at least one divestiture. Two-thirds of insurers said they expect to undertake a cross-border acquisition this year.According to the report, The new deal: Driving insurance transformation with strategy-aligned M&A, 33 percent of insurers Read Story

Filed Under: Economic Commentary
March 17, 2017 @ 07:14 AM

Wells Fargo (WFC) announced that veteran commercial banker Grant Friesth will head the Central Division for Middle Market Banking, effective immediately. Friesth, who previously led Middle Market Banking in Iowa, now also manages Nebraska, North Dakota, and South Dakota operations.As senior vice president and division leader, Friesth brings nearly 30 years of banking experience to the role, leading more than 30 team members in four states who primarily serve privately held, family-owned Read Story

March 15, 2017 @ 08:10 AM

LendingTree, an online loan marketplace, announced that J.D. Moriarty will be joining the company as its Senior Vice President, Corporate Development, effective April, 2017.   In his new role, Moriarty will be responsible for business development and strategic acquisitions as the company continues to expand its footprint in the lending and financial technology industry. "We couldn't be more excited to welcome J.D. as an official member of the LendingTree team," said Doug Lebda, founder and CEO Read Story

March 13, 2017 @ 08:00 AM

New research from North Carolina State University and the American Institute of CPAs (AICPA) finds most executives see risks increasing in both number and complexity – but those same executives say their organizations’ risk management efforts may not be staying abreast of those risks. The findings are part of a new report titled “The State of Risk Oversight: An Overview of Enterprise Risk Management Practices,” released jointly by AICPA and NC State’s Enterprise Risk Management (ERM) Read Story

Filed Under: Business Process
March 20, 2017 @ 07:08 AM

Gander Mountain Company announced that, to maximize the opportunity to achieve a "going-concern" sale of its business, it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code.The action is the result of an in-depth review of the company's strategic options undertaken in recent months to preserve the value of the company and position it for long-term success. Like many retailers, Gander Mountain experienced challenging Read Story

Filed Under: Bankruptcy
March 13, 2017 @ 07:15 AM


2017-03-25 23:26