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KBRA Assigns Preliminary Ratings to BERG FINANCE 2021 DAC
April 27, 2021 GMT
LONDON (BUSINESS WIRE) Apr 27, 2021
Kroll Bond Rating Agency UK Limited (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of BERG FINANCE 2021 DAC, a €295.3 million CMBS transaction collateralised by two loans. The loans are not cross-collateralised or cross-defaulted.
The Sirocco Loan is a €150.8 million floating rate loan that has a three-year term with two 12-month extension options. The loan is secured by the borrower’s freehold interest in four office properties. The offices are located in Austria, The Netherlands, Finland and Germany. As of March 2021, the properties were 83.5% leased by area, to approximately 56 tenants.
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JERSEY CITY, N.J., April 27, 2021 /PRNewswire/ Sigo, a managing general agency providing underserved populations with affordable access to auto insurance, is leveraging its newly secured funding to further serve the overlooked segment of immigrant and Latinx customers. The $1.5M seed round, with participation from Amicle Capital, Bonded Capital Ventures, Demeter Capital, Financial Solutions Lab, Park City Angels, and gANGELS, will allow Sigo to launch an auto insurance product that removes biased rate factors from day one of the underwriting process.
Sigo s executive leadership team (from left to right): Ivan Arambula (VP of Engineering); Randel Bennett (VP of Insurance); Néstor Hugo Solari (CEO); Júlio Erdos (COO)
Date
27/04/2021
The New York State Department of Financial Services (“the Department” or “DFS”) today released a report on the Department’s investigation of the New York’s financial services industry’s response to the supply chain attack of the information technology (“IT”) company SolarWinds (“the SolarWinds Attack”). During the SolarWinds Attack, hackers corrupted routine software updates that were downloaded onto thousands of organizations’ information systems.
“This incident confirms that the next great financial crisis could come from a cyber attack,” said Superintendent of Financial Services Linda A. Lacewell. “Seeing hackers get access to thousands of organizations in one stroke underscores that cyber attacks threaten not just individual companies but also the stability of the financial industry as a whole.”
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Latinx-founded Insurtech Startup Sigo Raises $1 5M in Seed Funding to Spearhead Affordable Access to Auto Insurance prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.