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Press Release Database
Recent press releases, indexed by topic.
Insurance
The chiropractor vigorously disputed the allegations and admitted no wrongdoing. Abraham Ovadia successfully defends a Florida chiropractor against major insurer recovery claims, reaching a resolution with no admission of wrongdoing. BOCA RATON, FL, UNITED STATES, October 23, 2026 / EINPresswire.com / -- Abraham Ovadia represented a Florida chiropractor who was sued by a major auto insurance company in federal court
Oct 23 · 12:00·EIN Presswire
Finance · Retail
BEND, Ore., Oct. 23, 2026 -- BranchOut Food Inc. (Nasdaq: BOF) (“BranchOut” or the “Company”), a growth-stage consumer packaged foods company focused on developing, manufacturing, marketing and distributing clean-label, plant-based dried fruit and vegetable snacks, today announced the pricing of an underwritten public offering of 2,941,177 shares of its common stock at a public offering price of $1.70 per share (the “Offering”). Gross proceeds to the Company, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $5.0 million. All of the shares in the Offering are to be sold by the Company.
Oct 23 · 12:00·GlobeNewswire
Energy · Insurance
HARRISBURG, Pa., October 23, 2026--K2 Insurance Services announced today that its subsidiary, Aegis General Insurance Agency , will wind down its Executive Risks Division. The division will stop writing new and renewal business effective November 1, 2026. The decision follows a strategic review of the
Oct 23 · 12:00·Business Wire
Finance · Energy
Côte d’Ivoire's Poro Power solar project has received international recognition for a pioneering investment structure led by Africa Finance Corporation (AFC) (www.AfricaFC.org/), demonstrating how African capital can be mobilised to develop essential infrastructure and accelerate the transition to cleaner energy. The facility is expected to become Côte d’Ivoire's largest solar plant when operational in 2027.
The project won ESG Green Bond Deal of the Year for Africa at the recent Infra Global ESG Awards 2026 in London, while AFC received ESG Green Bond Arranger of the Year for Africa. The double honours recognise the innovation behind the Poro Power transaction and AFC's role in structuring and mobilising investment for sustainable infrastructure.
Developed by Ivorian entrepreneurs, the 66-megawatt solar plant is under construction in northern Côte d’Ivoire near the city of Korhogo. It is projected to generate approximately 136 gigawatt-hours (GWh) of electricity annually, meeting the needs of more than 100,000 households and benefiting an estimated half a million people.
Beyond providing homes, public services and businesses with reliable power, the project will help Côte d’Ivoire towards meeting its target of increasing renewable energy's share of electricity generation to 45% by 2030. The Government of Côte d’Ivoire is enabling projects such as Poro Power through its initiative to encourage local private-sector participation in large-scale renewable energy projects, led by the Ministry of Mines, Petroleum and Energy under Minister Mamadou Sangafowa-Coulibaly.
“These awards are a tremendous recognition for an Ivorian project developed to meet the needs of our own communities,” said Jean-Marc Aie, Chairman and CEO of Poro Power 1 S.A. “Our ambition is not simply to generate clean electricity, but to support businesses, create opportunities and contribute to the development of Côte d’Ivoire. The Ministry's strategy to empower local private developers to undertake large-scale renewable energy projects, together with AFC's investment and innovative financing structure, has been instrumental in bringing Poro Power to this stage.”
The €65 million financing package, equivalent to approximately FCFA 42.6 billion, was raised through a green bond — an investment instrument that enables institutions to lend money to projects delivering environmental benefits. It was the first project-finance green bond in both Côte d’Ivoire and the West African Economic and Monetary Union (WAEMU), establishing a precedent for French-speaking West Africa, and was led, structured and fully funded by African institutions. The transaction allowed investors to participate in both euros and CFA francs, making it also Côte d’Ivoire's first dual-currency green bond. Together, these features demonstrate how African financial institutions can mobilise their own capital for major infrastructure projects, using financing structures suited to African markets.
AFC invested €43 million (approximately FCFA 28.2 billion) in February 2026 and acted as anchor investor, lead underwriter and co-arranger. The equivalent of a further €22 million was raised from African investors, including local and regional banks, pension funds, insurance companies and high-net worth investors.
The bond has a 15-year term, a fixed interest rate of 8.75%, and quarterly repayments following a two-year construction grace period. The financing combines the flexibility of a bond with safeguards normally used in project finance, including first-ranking security, dedicated revenue accounts and contractual protections that separate the project's cash flows from other activities. These measures help protect investors and align repayments with the plant's expected revenues.
By bringing together AFC's investment alongside capital from other African institutions through a structure that accommodates both local and international currencies, the transaction offers a potential model for financing further renewable energy and infrastructure projects across the region. Its significance extends beyond Poro Power, providing a practical example of African money financing African projects and a structure that could be replicated across the continent.
“Poro Power demonstrates that African financial institutions have both the capital and the expertise to finance large-scale renewable energy infrastructure through our own markets,” said Sameh Shenouda, Executive Board Member and Chief Investment Officer of AFC. “By combining the protections required for long-term project finance with the flexibility of capital markets, we have created a structure that can attract a broader range of African investors. This is an important model for mobilising the investment needed to expand reliable electricity supply, support industry and accelerate the energy transition across the region.”
Once operational, the plant is projected to avoid approximately 72,000 tonnes of carbon dioxide emissions annually — equivalent to taking around 15,600 petrol-powered cars off the road for a year.
The project includes a commitment to allocate €0.01 for every megawatt-hour of electricity generated towards to initiatives intended to benefit local communities.
Distributed by APO Group on behalf of Africa Finance Corporation (AFC).
Media Enquiries:
yewande.thorpe@africafc.org
About AFC:
Nineteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of energy, natural resources, heavy industry, transport, and telecommunications. AFC has 48 member countries and has invested over US$19 billion in 36 African countries since its inception.
www.AfricaFC.org
Oct 23 · 08:00·APO Group
Automotive · Insurance
Risk retention group emphasizes tailored coverage, experienced underwriting, and proactive loss control for auto dealers and service professionals.
Oct 23 · 07:00·24-7 Press Release
Finance · AI
HONG KONG and SHANGHAI, Oct. 23, 2026 -- Ping An Healthcare and Technology Company Limited ("Ping An Good Doctor" or the "Company"; Stock Code: 1833.HK) today announced its results for the nine months ended 30 September 2026. During the period, the Company recorded total...
Oct 23 · 04:09·PR Newswire
Insurance
HONG KONG, October 23, 2026--Members of AM Best's analytic team will deliver outlook presentations on China's non-life insurance segment and the global and Asian reinsurance markets at the 2026 Shanghai International Reinsurance Conference, which will take place 27-30 October 2026 in Shanghai, China. O
Oct 23 · 01:00·Business Wire
Finance · Healthcare
SOUTH SAN FRANCISCO, Calif., Oct. 22, 2026 -- Lycia Therapeutics, Inc. (“Lycia”) (Nasdaq: LYCA), a clinical-stage biotechnology company focused on the discovery and development of novel therapeutics designed to degrade disease-causing extracellular proteins, with an initial focus on addressing autoimmune, inflammatory and allergic diseases, today announced the pricing of its upsized initial public offering of 17,640,000 shares of its common stock at an initial public offering price of $18.00 per share. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses, are expected to be approximately $317.5 million. All shares of common stock to be sold in the offering will be sold by Lycia. In addition, Lycia has granted the underwriters a 30-day option to purchase up to an additional 2,646,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions. Lycia’s common stock is expected to begin trading on the Nasdaq Global Select Market on October 23, 2026, under the symbol “LYCA.” The offering is expected to close on October 26, 2026, subject to the satisfaction of customary closing conditions.
Oct 22 · 23:51·GlobeNewswire
Finance · Insurance
CHICAGO, Oct. 22, 2026 -- XAI Madison Equity Premium Income Fund (NYSE: MCN) (the “Fund”) today announced that it plans to host the Fund’s Quarterly Webinar on November 5, 2026 at 11:00 am (Eastern Time). Kimberly Flynn, President at XA Investments will moderate the Q&A style webinar with Ray Di Bernardo and Drew Justman, Portfolio Managers at Madison Investments.
Oct 22 · 23:16·GlobeNewswire
Insurance
The Prudential Center opening marks a new chapter in the brand's global growth, bringing comfort innovation and impeccable style to Boston's Back Bay NEW YORK, Oct. 22, 2026 -- Cole Haan, the iconic American lifestyle brand, today announces the opening of its 600th store...
Oct 22 · 22:27·PR Newswire
SaaS · Sports
MIAMI, FL / October 22, 2026 / InsuredChamp.com , an online insurance comparison marketplace, today announced the expansion of its intelligent coverage-matching platform designed to bring the concept of professional sports "free agency" to personal finance. By providing a streamlined, side-by-side compar
Oct 22 · 22:27·ACCESS Newswire
Crypto · Insurance
Singapore, Singapore, 22nd October 2026, FinanceWire … Read More
The post BDIC Forms Singapore Entity Before Insurance Hub Bid, Engages Cole-Frieman & Mallon, Updates Token Sale Timing appeared first on FinanceWire - Financial Press Release Distribution, Finance PR.
Oct 22 · 21:48·FinanceWire