OLDWICK: Recent macroeconomic uncertainty due to the COVID-19 pandemic is a concern for insurers’ balance sheets as corporate bonds constitute a majority of the insurance industry’s assets, according to a new AM Best special report. If liquidity becomes a factor…
OLDWICK: AM Best has revised the outlook to stable from positive for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICRs of “bbb” of Wisconsin Reinsurance Corporation (WRC)…
LONDON: easyJet Plc has completed its collective consultation process and confirmed the closure of its bases at London Southend and London Stansted airports, amongst others. As a result, easyJet will cease operations based from London Southend Airport on 31 August…
SINGAPORE: Spackman Entertainment Group Limited has entered into a non-binding memorandum of understanding (MOU) with Spackman Equities Group (SQG), pursuant to which the Company intends to sell the its entire interest in Spackman Media Group Limited to SQG. Spackman Equities…
LONDON: Shelby Finance Limited, Morses Club’s digital division, has entered into a new supplier relationship with Modulr Finance Limited, a digital payments provider. The relationship relates to the Digital Division’s U Account business, which provides e-money accounts, and replaces the…
DUBAI: Islamic Arab Insurance Company (SALAMA), the UAE’s largest and oldest Shari’a compliant Takaful solutions provider, today announced a payment of surplus (cash returns) of AED11.5 million to eligible group credit life policyholders for the policy year 2019, demonstrating a…
SYDNEY: Cambridge Global Payments is selected by the Australia-Latin America Business Council (ALABC) board as the preferred provider of foreign currency exchange and international payments solutions for ALABC members across Australia, a news release said. Through this partnership, ALABC’s 800+…
ROSWELL: Alliance Stone has joined SiteOne. Alliance Stone serves the greater Atlanta, GA market from a single location focused on the distribution of hardscapes to landscape professionals, a news release said. “Alliance Stone is a terrific addition to SiteOne with…
SYDNEY: Skyfii Limited an omnidata intelligence company, announced that NASDAQ-listed Boingo Wireless has added Skyfii’s ‘IO Insight’ data visualization feature within its intelligent network insights platform. Boingo, a leading provider of indoor wireless networks, selected Skyfii’s solution to further enhance…
PLANO: Huami Corp. and Huami-USA and Aspen Imaging Healthcare announced signing a letter of intent for joint future development. Joint development is anticipated in several areas, including collaboration on product roadmaps to find areas where proprietary technologies can be shared…
PERTH: A Term Sheet has been executed between Auburn Resources Limited and Armour Energy Limited for the acquisition of Armour’s wholly owned subsidiary, Ripple Resources Pty Ltd by Auburn, a news release said. Ripple currently holds a number of mineral…
SINGAPORE: 8×8 Inc., a leading integrated cloud communications platform, announced Asian startups Janio Asia and Coda Payments are using 8×8 Communications Platform as a Service (CPaaS) to more effectively reach customers anywhere. 8×8, through its Wavecell acquisition, recently launched CPaaS…