AUCKLAND: Sky New Zealand (SKT) confirmed that the Commerce Commission has granted clearance for NEP New Zealand to purchase the assets of Outside Broadcasting Limited (OSB). Sky Chief Executive Sophie Moloney welcomed the positive decision. “Our new partnership with NEP,…
NEW YORK: Coty Inc., one of the world’s leading beauty companies and the global leader in fragrances, announced the opening of the Gucci Beauty flagship store on the Tmall Luxury Pavilion. Tmall Luxury Pavilion is Alibaba’s dedicated platform for the…
NEW YORK: iHeartRadio announced a new partnership with Paris Hilton to produce an innovative slate of iHeartRadio Original Podcasts as well as a series of PodPosts, a new format that merges social media into voice, and podcasting into a social…
ORANGE: AVANGRID Inc., a leading sustainable energy company, announced the appointment of Catherine S. Stempien to the role of President & CEO of its subsidiary, Avangrid Networks. Stempien succeeds Anthony (Tony) Marone, who is retiring. “We appreciate all of Tony’s…
OSLO, NORWAY: OKEA ASA delivered net profit of NOK 182 million in the fourth quarter 2020. OKEA operating income for the fourth quarter amounted to NOK 584 million, EBITDA was NOK 229 million, and net profit after tax amounted to…
KARACHI: AGP Limited, along with its parent Aitkenstuart Pakistan, has formed a special purpose vehicle (SPV), to acquire a select product portfolio of Sandoz AG. “The Board of Directors has authorized AGP Limited to participate with its parent company Aitkenstuart…
NEW YORK: Voyager Digital Ltd., a crypto-asset broker, has appointed Daniel Costantino as Chief Information Security Officer. Mr. Costantino joins Voyager from Penn Medicine, where he was the Associate CIO and CISO. He will spearhead Voyager’s implementation and maturity of…
LONDON: AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” of Nigeria based Custodian and Allied Insurance Limited (CAI), a wholly owned non-life subsidiary of Custodian Investment Plc. The outlook…
OLDWICK: AM Best has affirmed credit ratings of Mercury Casualty Group’s members and Mercury General Corporation based on strong balance sheet, operating performance, neutral business profile and appropriate enterprise risk management (ERM). AM Best has affirmed the Financial Strength Rating…
OLDWICK: Insurance sector rating agency, AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of First Assurance Life of America, Performance Life of America and Versant Life Insurance…
SINGAPORE: The economic outlook for New Zealand remains uncertain despite an as of yet successful response to the pandemic, AM Best, a global credit rating agency, news publisher and data analytics provider, noted in a report New Zealand’s life insurance…
OLDWICK: Global rating agency AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating (FSR) to A++ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa+” from “a” of…