HONG KONG, May 30 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating (FSR) of A (Superior) and the issuer credit ratings (ICR) of “aa” of Mitsui Sumitomo Insurance Company, Limited (MSI) and Aioi Nissay Dowa Insurance Company Limited (ADI) (both domiciled in Japan). A.M. Best also has affirmed the FSR of A- (Excellent) and the ICR of “a-” of ADI’s subsidiary, Aioi Nissay Dowa Insurance (China) Company Limited (ADIC) (China). The outlook for each rating is stable.
Concurrently, A.M. Best has affirmed the FSR of A (Superior) and the ICRs of “aa” of Mitsui Sumitomo Insurance Company of America (MSIA), Mitsui Sumitomo Insurance USA Inc. (MSU) and Aioi Nissay Dowa Insurance Company of America (ADIA). The outlook for each of these ratings is stable. All of these companies are domiciled in New York, NY and are direct subsidiaries of MSIG Holdings, Inc. The aforementioned companies are ultimately owned by MS&AD Insurance Group Holdings, Inc. (MS&AD), one of the major insurance group companies based in Japan. http://mrem.bernama.com/viewsm.php?idm=26903
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DENVER, May 27 (Bernama-GLOBE NEWSWIRE) -- Sundance Energy Australia Limited (ASX:SEA) ("Sundance" or the "Company"), a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford and Greater Anadarko Basin, is pleased to announce the completion of its second quarter 2016 borrowing base redetermination. The borrowing base under its Revolving Credit Facility with Morgan Stanley has been reaffirmed at $67 million. CEO and Managing Director Eric McCrady commented, "We are pleased with the outcome of the semi-annual redetermination of our borrowing base and appreciate Morgan Stanley's support."
The Company's Term Loan with Morgan Stanley remains unchanged at $125 million. The Revolving Credit Facility matures in May 2020 and the Term Loan matures in November 2020. http://mrem.bernama.com/viewsm.php?idm=26891 HONG KONG, May 27 (Bernama-BUSINESS WIRE) -- The mutual insurance framework is in its infancy in China, which stands in sharp contrast to the prevalence of mutual insurance organizations in many of the world's largest insurance markets, according to a new A.M. Best briefing.
The Best's Briefing, titled, "Mutual-A New Insurance Organizational Structure in China," states that in early 2015, the China Insurance Regulatory Commission (CIRC) issued a trial regulatory scheme on the supervision of mutual insurance organizations. The minimum start-up capital requirement for a mutual insurance company license is based on the type of mutual (e.g., general, professional, or regional). For general mutual insurers, that requirement is CNY 100 million, with a minimum of 500 members. For professional and regional mutual insurance companies, required start-up capital is CNY 10 million, with a minimum of 100 members. http://mrem.bernama.com/viewsm.php?idm=26889 SINGAPORE, May 27 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Bangkok Insurance Public Company Limited (BKI) (Thailand). The outlook for each rating remains stable.
The ratings reflect BKI’s strong risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio, good operating profitability and favorable business profile. BKI’s gross and net underwriting leverage measures are lower than its local peers. Overall, BKI has maintained a good operating performance over the past three years with combined ratios below 90% and operating ratios below 80%, which outperformed the overall non-life market in Thailand. Furthermore, BKI’s business profile continues to benefit from its affiliation with Bangkok Bank, which has one of the largest corporate and retail customer bases in Thailand. http://mrem.bernama.com/viewsm.php?idm=26888 NEW YORK, May 26 (Bernama-GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) announced today the launch of the Nasdaq Financial Framework, the company's harmonized approach to delivering robust end-to-end solutions to financial infrastructure providers globally in an open, agile environment. Nasdaq has also integrated the framework across all of its business units and will immediately make the Financial Framework available to its more than 100 market operator clients globally, including traditional exchanges, inter-broker dealers and alternative trading venues, clearing houses and central securities depositories (CSDs).
"This is a watershed moment for how market operators integrate and operate their market technology," said Adena Friedman, President and Chief Operating Officer, Nasdaq. "The Nasdaq Financial Framework is the result of significant R&D efforts and transforms our offering into a modular portfolio that enables a more flexible, tailored approach to each client's business and their ambitions. We are excited to bring this offering to our clients and prospects who run the infrastructure of the world’s capital markets." http://mrem.bernama.com/viewsm.php?idm=26884 HANOI, Vietnam, May 26 (Bernama-BUSINESS WIRE) -- Panasonic Vietnam (Panasonic) opened its newly designed corporate showroom, Panasonic Risupia Vietnam, in conjunction with the 10th anniversary of the company's establishment, today. The showroom has been renovated to showcase the latest Premium Lifestyle solutions and provide a more interactive experience for visitors.
Panasonic's latest cutting-edge technologies such as "Transparent Screen" - an intelligent glass display that has the ability to project images and information such as news programs and weather data - and latest audio visual solutions are exhibited at the newly renovated entrance. At the showroom area, the company's wide range of products and solutions, from audio-visual equipment to home appliances and beauty products, are showcased to highlight a premium living environment that centers around the concept of "safety, security, comfort, convenience and style" which Panasonic can offer its Vietnamese consumers. http://mrem.bernama.com/viewsm.php?idm=26878 KUALA LUMPUR, May 26 (Bernama) — Putra Business School (PBS) on Thursday launched its first MBA programme called Practising Leader MBA (PLMBA) at its main campus inside Universiti Putra Malaysia (UPM), Serdang, Selangor.
The 17-month modular programme with the dual-facilitators (faculty-industry combination) concept is designed for senior executives who dare to lead with conscience, guided by a higher purpose. Its founder President and Chief Executive Officer, Professor Dr Arfah Salleh said PBS has chosen to join the ranks of a small group of business schools that are fundamentally rethinking its role and responsibility to society and humankind at large. “Upon completion of the PLMBA, graduates are expected to appreciate alternative worldviews of business, aware of a higher purpose for their organization within society and apply a holistic framework in re-balancing at once their physical, mental and spiritual well-being,” she said in a statement here, today. PBS was chosen to join the ranks of a small group of business schools that are fundamentally rethinking its role and responsibility to society and humankind at large. PBS also aims to nurture technically competent human leaders who drive corporate performance with heart and integrity. Apart from that, PBS also welcomes senior executives who dare challenge the existing path of knowledge to join their PLMBA programme for a learning journey that enhances their thought process and the corporations are also encouraged to unleash and nurture the potentials of their employees through this programme. PBS now develops home-grown content based on Eastern traditions with global relevance and its approach is in line with Shift 1 of the Malaysia Education Blueprint 2015-2025 (Higher Education) on Holistic, Entrepreneurial and Balanced Graduates. — BERNAMA HONG KONG, May 23 (Bernama-BUSINESS WIRE) -- LKK Health Products Group (LKKHPG) was named one of the “Best Companies to Work for in Asia 2016”, by HR Asia Magazine – the most authoritative publication for HR professionals in the region – at the Award Ceremony & Gala Dinner held on April 29 at Renaissance Harbour View Hotel, Hong Kong. The award is the recognition of the Group’s remarkable performance in employee engagement, talent management, as well as workplace practices.
http://mrem.bernama.com/viewsm.php?idm=26856 KUALA LUMPUR, May 23 (Bernama) -- BDO in Malaysia hosted its first Analytics and Big Data seminar at its office in Menara CenTARa on 27 April 2016, with the theme “Analytics and Big Data: Harnessing the Digital Footprint”. FUSIONEX was also invited to showcase its industry specific analytic solutions in this event.
More than 60 C-suite level participants attended the session with speakers from BDO and FUSIONEX. BDO Managing Partner, Dato’ Gan Ah Tee, in his opening remarks, commented that “Data is an unpolished diamond and the key challenge is how we unlock the value of this data. That is in essence the objective of the event” Woon Tai Hai, Executive Director of BDO Consulting, Malaysia, in his presentation - Analytics and Big Data: Harnessing the digital footprint provided an insight into the overall landscape of Big Data, including the different maturity levels of Data Analytics adoption. He quoted from global research firms (IDC, Gartner and EIU) that “74% of organisations in the region acknowledge that data is a strategic asset. But 90% of the organisations cite internal issues as barriers to adoption” http://mrem.bernama.com/viewsm.php?idm=26857 MANILA, Philippines, May 20 (Bernama-BUSINESS WIRE) -- AG&P (Atlantic, Gulf and Pacific Company), the leading modular industrial solutions provider, announced the introduction of its small-scale LNG solutions to bridge the capacity demands for power in Southeast Asia. The announcement was made by Albert Altura, President, AG&P, in his keynote address at the third annual Power and Electricity World Philippines conference in Manila.
http://mrem.bernama.com/viewsm.php?idm=26846 |
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