The American College of Financial Services, a non-profit educational institution devoted to financial services, announced that General Ralph E. "Ed" Eberhart, USAF (Ret.) will receive the 2015 Soldier-Citizen Award. Eberhart, a retired four-star Air Force General, will receive the award during a ceremony in Lake Geneva, Wisconsin in August.
"General Eberhart followed his illustrious military career with a spectacular career in the financial services industry," said Ted Digges, the executive director of The American College Penn Mutual Center for Veterans Affairs and Chair of the selection committee. "We are proud to honor such an individual with this award."
A graduate of the U.S. Air Force Academy in Colorado Springs, Colorado, General Eberhart's active duty military career spanned 36 years with his last assignment as Commander, U.S. Northern Command and Commander, North American Aerospace Defense Command at Peterson Air Force Base, Colorado. He is also a command pilot with more than 5,000 flight hours. General Eberhart is currently President and Chairman of The Armed Forces Benefit Association (AFBA). In addition, he serves as Chairman of 5-Star Bank and 5-Star Life Insurance Company, as well as on the board of several privately and publicly held companies including TERMA, Jacobs Engineering, Rockwell Collins, Triumph Group, VSE, and non-profit organizations such as Segs4Vets. He previously served on the U.S. Air Force Academy Association of Graduates Board of Directors, is currently a Trustee for the Falcon Foundation, and is a director on the board of the USAFA Endowment.
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Assets invested in the global ETF/ETP industry have surpassed the assets invested in the hedge fund industry at the end of Q2 as ETFGI had forecasted. According to their analysis, there was $2.971 trillion invested in the 5,823 ETFs/ETPs listed globally at the end of Q2 2015, assets were down slightly from their record high of $3.015 trillion at the end of May 2015, while assets in the global hedge fund industry, according to a new report published by Hedge Fund Research HFR, reached a new record high of $2.969 trillion invested in 8,497 hedge funds, which is $2 billion smaller than the assets in the global ETF/ETP industry.
Renaissance Life & Health Insurance Company of America has been elevated from an A- to an A in its issuer credit rating (ICR) performed by A.M. Best Company. Renaissance Dental is the flagship product of Renaissance Life & Health Insurance Company of America.The new "excellent" rating emphasizes Renaissance's stable financial outlook. It also proves Renaissance can be successful within a changing and increasingly competitive insurance landscape. Renaissance was able to secure the A rating in part because of its product diversification. Renaissance now offers insurance plans that combine dental with vision, life and disability. The ratings are determined by using Best's Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best's rating process and contains the rating criteria used in the rating process. Best's Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.
