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AM Best Assigns Credit Ratings to Ceres Life Insurance Company
AM Best Assigns Credit Ratings to Ceres Life Insurance Company

Yahoo

time09-07-2025

  • Business
  • Yahoo

AM Best Assigns Credit Ratings to Ceres Life Insurance Company

OLDWICK, N.J., July 09, 2025--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of "bbb+" (Good) to Ceres Life Insurance Company (Ceres Life) (Austin, TX). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Ceres Life's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). Ceres Life's initial balance sheet strength assessment is supported by its strongest level of risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR). The company's projected investment allocation is expected to reflect a diversified mix of primarily fixed income securities, managed by Arena Investors, LP, a subsidiary of The Westaim Corporation. Additionally, Ceres Life's growth will be supported by capital contributions from its publicly traded parent, The Westaim Corporation [TSXV: WED]. Ceres Life's operating performance is assessed as adequate. As a newly formed entity, longer-term profitability trends will still need to be evaluated. Ceres Life's business profile is assessed as limited, reflecting its recent entrance into the competitive annuity market, with its forthcoming multi-year guaranteed annuity and fixed index annuity products. The company's business plan centers around its highly scalable, cloud-based technology, which should allow for operational and cost efficiencies. Also, the company benefits from its seasoned management team with strong insurance industry and technology backgrounds. The company's ERM is considered appropriate. The assessment reflects the establishment of its risk management framework, risk vision statement and oversight of an experienced chief risk officer and executive management team. As a newly established company, AM Best will closely monitor Ceres Life as it executes on its business strategy. Positive rating movement could occur if Ceres Life demonstrates sustained, profitable premium growth while maintaining the strongest level of risk-adjusted capitalization, as it executes its business plan. Conversely, negative rating action may occur if the company is unable to demonstrate the execution of its business plan or if capitalization or overall balance sheet metrics were to deteriorate materially relative to company-provided projections. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Kate Steffanelli Associate Director +1 908 882 2337 Edward Kohlberg Director +1 908 882 1979 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Nighthawk and Arena Investors, LP Launch Venture Lending Platform to Support UK Innovation Economy
Nighthawk and Arena Investors, LP Launch Venture Lending Platform to Support UK Innovation Economy

Yahoo

time08-07-2025

  • Business
  • Yahoo

Nighthawk and Arena Investors, LP Launch Venture Lending Platform to Support UK Innovation Economy

LONDON, July 8, 2025 /PRNewswire/ -- Nighthawk Advisors LLP ("Nighthawk"), a specialist growth lender to early and mid-stage UK small and medium enterprises ("SMEs"), has announced the formation of a new secured lending platform in partnership with Arena Investors, LP ("Arena"). The programme will provide up to £30 million of flexible capital to UK SMEs, with capacity to scale to £60 million as demand grows. The platform has already completed its first two transactions, deploying £5 million in funding to two highly innovative UK-based technology companies. The companies financed are in UK-based fast growing technology sectors of ad-tech and personalised nourishment, demonstrating the wide range of businesses the venture is prepared to support. This partnership combines Nighthawk's specialist structuring expertise and access to emerging growth businesses with Arena's global institutional platform and experience navigating complex private credit markets. The joint venture aims to address the growing demand for alternative non-dilutive growth finance solutions from UK SMEs that are scaling rapidly but underserved by traditional bank lending or venture equity. "Across the UK, there are outstanding innovation-led businesses seeking the right kind of growth capital to scale responsibly and sustainably," said Xavier Van Hove and James Davis, Managing Partners at Nighthawk. "This partnership allows us to offer highly tailored financing to help these businesses create skilled jobs, retain intellectual property onshore, and drive long-term economic value for the UK." Pablo Fraga, European Private Investments, Managing Director at Arena, commented: "We are delighted to partner with Nighthawk in supporting the next generation of UK growth companies. The UK innovation economy presents exciting opportunities, and this platform allows us to deploy flexible capital where it can have real impact." With its focus on supporting ambitious UK businesses at critical stages of growth, the venture contributes to the broader objective of strengthening the UK's innovation ecosystem and supporting domestic scale-up activity. About Arena Investors, LP: Arena is a global multi-strategy investment firm with approximately $4.1 billion of assets under management and programmatic capital1 as of April 1, 2025, with a team of over 180 employees in offices globally. The firm is a subsidiary of Arena Investors Group Holdings ("AIGH"). AIGH, along with its affiliate, Ceres Life Insurance, comprises the Westaim Corporation (TSXV: "WED"), an integrated asset management and life insurance and annuity provider. In its alternatives business, Arena provides creative solutions for those seeking capital across all corporate, real estate, and structured finance investment areas, at all levels of the capital structure, and in all developed markets, alongside operational capabilities to manage and improve the businesses and assets in which it invests. The Firm brings together individuals with decades of experience, a track record of comfort with complexity, the ability to deliver within time constraints, and the flexibility to engage in transactions and business operations that cannot be addressed by banks and other conventional financial institutions. Please see for more information. About Nighthawk Advisors LLP: Nighthawk is a London-based growth lender focused on financing early and mid-stage technology SMEs based in the UK and Europe. The team has significant experience lending to and investing in technology companies, helping them accelerate their growth with innovative and non-dilutive funding solutions. Media Contact Prosek Partners Pro-arena@ 1Programmatic capital includes callable capital to discretionary and non-discretionary separately managed accounts and certain commingled vehicles. View original content to download multimedia: SOURCE Arena Investors Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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