OLDWICK: As more of Fannie Mae and Freddie Mac’s mortgage risks continue to make their way to the reinsurance market, AM Best has published tables of net capital charges associated with a select group of transactions from these government-sponsored enterprises’…
OLDWICK: AM Best has upgraded the Financial Strength Rating to C++ (Marginal) from C+ (Marginal) and the Long-Term Issuer Credit Rating to “b+” from “b-” of Country-Wide Insurance Company (Country-Wide) (New York, NY). The outlook of the Credit Ratings (ratings)…
CHICAGO: NuMed, a rapidly expanding Chicago-based vertically integrated Cannabis company, has launched their new name and brand NuEra. NuEra covers their three current Illinois retail locations, a newly acquired cultivation center in Rochelle IL, and their new brand of Flower…
SYDNEY: Donaco International Limited confirmed that the Government of Cambodia has lifted the temporary closure of casino operations in the country. Casinos in the country may now resume operations, contingent on receiving approval from the Ministry of Health (MOH) and…
SEATTLE: Amazon Web Services Inc. (AWS) announced the general availability of Amazon Fraud Detector, a fully managed service that makes it easy to quickly identify potentially fraudulent online activities like online payment and identity fraud. Using machine learning under the…
SYDNEY: Downer EDI Limited announced that its Asset Services business had recently been awarded a number of contracts in the power generation, oil and gas, and industrial sectors with a combined value of approximately $324 million. The Chief Executive Officer…
MELBOURNE, AUSTRALIA: Westpac Group has announced it will bring back around 1,000 jobs to Australia from overseas as it seeks to bolster the strength and resilience of its operations and improve support for customers. The decision follows a surge in…
BRISBANE: Cromwell Property Group and Korean real estate investment manager IGIS Asset Management (IGIS) have signed binding agreements to purchase seven DHL logistics assets in Italy for A$85.7 million (€52.5 million), with settlement due in September 2020. Cromwell will fund…
SYDNEY: Northern Minerals Limited announced that the Company’s long-serving Chief Financial Officer and Company Secretary Mark Tory has been appointed Chief Executive Officer. Acting Executive Chairman Colin McCavana will revert to his former role of Non-Executive Chairman of the Northern…
PERTH: Maximus Resources Limited announced that Mr Tim Wither has been appointed Managing Director of the company. Mr Wither will commence in his role on or before 27 August 2020. Mr Wither is a mining engineer with over 18 years…
MOSCOW: Rostelecom PJSC, the largest integrated digital service provider in Russia, announced that it has started the construction of a Tier IV data center in Moscow, with ultimate level of redundancy and reliability, and fault tolerance. Rostelecom’s new Tier IV…
LONDON: Sanofi and have reached an agreement, subject to final contract, with the UK government for the supply of up to 60 million doses of a COVID-19 vaccine. The vaccine candidate, developed by Sanofi in partnership with GSK, is based…