Latest news with #ABOR
Business Wire
30-07-2025
- Business
- Business Wire
Western & Southern Selects SS&C Singularity to Modernize Investment Accounting
WINDSOR, Conn.--(BUSINESS WIRE)-- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced Western & Southern Financial Group has selected SS&C Singularity to enhance the investment accounting and reporting of its general account assets and optimize the operations of its internal investment manager, Fort Washington Investment Advisors. 'We are pleased to welcome Western & Southern to our growing community of large life insurance clients leveraging Singularity as their investment accounting platform for the future,' said Christy Bremner, Senior Vice President, SS&C Technologies. Share Founded in Cincinnati in 1888, Western & Southern Financial Group is the parent company of a group of diversified financial services businesses, including seven leading life insurance subsidiaries. The company was looking for a comprehensive solution with an integrated Accounting Book of Record (ABOR) and an Investment Book of Record (IBOR) to support the complex requirements of both its life insurance and investment management entities. 'We look forward to a long-term strategic partnership with SS&C to help optimize the way we account for and report on our diverse portfolio of public and private investments,' said Wade Fugate, Controller for Western & Southern. 'SS&C's cloud-based platform will bring standardization and efficiencies to our operating model, with the flexibility to tailor the Singularity software to meet our unique requirements. SS&C's deep insurance expertise, high-touch support and services align well with our current and future business objectives.' 'We are pleased to welcome Western & Southern to our growing community of large life insurance clients leveraging Singularity as their investment accounting platform for the future,' said Christy Bremner, Senior Vice President, SS&C Technologies. 'We are committed to supporting insurers' evolving needs through technology innovation and expert services.' About SS&C Technologies SS&C is a global provider of services and software for the financial services, insurance and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 22,000 financial services, insurance and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology. Additional information about SS&C (Nasdaq: SSNC) is available at Founded in Cincinnati in 1888 as The Western and Southern Life Insurance Company, Western & Southern Financial Group, Inc., is the parent company of a group of diversified financial services businesses. Its assets owned ($84.8 billion) and managed ($42.1 billion) totaled $126.9 billion as of June 30, 2025. 1 Western & Southern is one of the strongest life insurance groups in the world. Learn more at
Yahoo
15-04-2025
- Business
- Yahoo
Austin home sales are down, inventory up in 2025 so far
AUSTIN (KXAN) – Home sales in the Austin metropolitan area are down 10% so far in 2025 compared to the first few months of 2024, according to the Austin Board of Realtors. After the Great Recession, home values around Austin appreciated at an average rate of around 4.5% annually until the pandemic, when home values spiked. While values still reflect the COVID-19 era, they have been steadily cooling down. DATA: Austin's housing market: How quickly are homes selling, and for how much? 'Homeowners during COVID accrued home equity gains above that which we would have otherwise expected,' said Claire Knapp, housing economist at ABOR. 'We're also seeing perhaps a little bit of reluctance among sellers to meaningfully reduce their home prices, and I think that has contributed to some extent to that sluggishness in sales.' In part, this has led to higher levels of inventory – a boon for buyers, providing them with more options. 'Inventory is really beneficial to [buyers],' Knapp said. 'They're able to really hone in on what they want.' 'It's a very different market for buyers than it was even a few years ago during the pandemic, when buyers really didn't have many options available to them, and we were just watching homes fly off the shelves,' she continued. Even though prices are declining, Knapp said more needs to happen. While the median sales of a home in the metropolitan statistical area dropped 12% from 2022 to 2024, that value was 40% higher in 2024 than it was in 2019. Additionally, buyers are restricted due to higher mortgage rates, contributing to the sluggish market, Knapp said. 'We've seen mortgage rates have remained high,' Knapp said. '[They're] hovering in that high 6% range and even dipping into that 7% range.' 'It's really dependent upon sellers to be willing to set reasonable expectations in terms of pricing, particularly given higher mortgage rates and the higher level of inventory available to buyers in today's market,' she continued. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
