OLDWICK, N.J., June 21, 2024--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Aspida Life Insurance Company (Aspida Life) (Durham, NC) and Aspida Life Re Ltd. (Aspida Re) (Bermuda), collectively referred to as Aspida Group. The outlook of these Credit Ratings (ratings) is stable.
The Wall Street debate about the rise of private credit is getting louder, with major figures from the biggest financial institutions disagreeing about risks and opportunities.
Ares Management (ARES) is exploring a potential merger deal with GLP Capital, a real estate investment firm.