SINGAPORE, Jan 27 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of FMG Insurance Limited (FMGIL) (New Zealand). The outlook of these Credit Ratings (ratings) remains stable.
The ratings reflect FMGIL’s strong risk-adjusted capitalization, consistently positive operating performance and well-established profile in the rural sector of New Zealand’s general insurance market. The ratings also reflect FMGIL’s low underwriting leverage, high-quality investment portfolio and direct distribution network capability. mrem.bernama.com/viewsm.php?idm=28353
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KUALA LUMPUR, Jan 26 (Bernama) -- Global aviation company VistaJet has recorded a 137 per cent year-on-year growth in flight bookings in 2016, driven by higher travellers arriving and departing from the United States. In a statement, VistaJet, the pioneer of asset-free hourly subscription model for private jets, said international and American passengers arriving and departing from the US grew 122 per cent year-on-year. It said customers were able to arrange their flights with full catering in as little as 90 minutes from booking and also order catering from a restaurant of their choice. VistaJet's fleet of 71 Bombardier Challenger and Global aircraft are positioned all over the world to take customers anywhere. Chairman and Founder Thomas Flohr said North America had the most mature business aviation market in the world and VistaJet's advanced growth in a short time frame indicated that the market was ready for change. "We are excited to give customers a new option, arranging for flights to more cities in the US and around the globe, in collaboration with our partner, Jet Aviation," he added. -- BERNAMA KUALA LUMPUR, Jan 26 (Bernama) -- California-based PubMatic, Inc., today announced its financial year 2016 results, marked by the highest levels of revenue, profit and free cash flow performance in its ten-year history. The automation solutions company for an open digital media industry also posted an adjusted EBITDA margin of over 30 per cent. In a statement, PubMatic said the key drivers of the results include an increased adoption of header bidding, increased mobile and video monetisation and its renewed commitment to customer satisfaction. Currently, the header bidding technology represents over 75 per cent, of all of PubMatic's available impressions since it launched globally in 2012. According to its recently released 2016 Quarterly Mobile Index (QMI), PubMatic's advanced mobile monetisation strategies such as private marketplaces and header bidding, resulted in average PubMatic mobile eCPMs increasing by over 30 per cent for mobile web and 16 per cent for mobile app year-over-year. As such 75 per cent of PubMatic's impressions were generated via mobile devices, while the company realised over 25 per cent of marketer spend, placed against video in the fourth quarter (Q4) 2016. "Our focus on sell side digital media execution enables publishers and app developers to take control of their advertising decisioning. "Header bidding and corresponding wrapper technology, maximises the value of demand through increased access to buyers and competitive CPMs," said Co-Founder and Chief Executive Officer, Rajeev Goel. -- BERNAMA TOSHIBA LAUNCHES BIPOLAR STEPPING MOTOR DRIVER IC THAT NEEDS NO CURRENT DETECTION RESISTORS26/1/2017 TOKYO, Jan 25 (Bernama-BUSINESS WIRE) -- Toshiba Corporation's (TOKYO:6502) Storage & Electronic Devices Solutions Company today announced the launch of “TB67S508FTG,” a bipolar stepping motor driver offering 40V high voltage and 3.0A current with no need for external current detection resistors. Sample shipment starts today.
Printers, office automation equipment, surveillance cameras, banking terminals such as ATMs, banknote identification machines, amusement machines, and home appliances are being downsized to save space and improve design. Low power consumption is also growing in importance as a means to scale down IC boards and reduce internal heat in products. mrem.bernama.com/viewsm.php?idm=28331 First investment from a major telecommunications company into global SD-WAN technology
MILPITAS, Calif., Jan 24 (Bernama-GLOBE NEWSWIRE) -- Aryaka®, the leading global SD-WAN provider, announced today that it has completed a $45 million Series D round of financing. The investment, led by Third Point Ventures, adding new investor Deutsche Telekom Capital Partners (DTCP), and with participation from existing investors, represents a powerful validation of Aryaka’s global SD-WAN platform and marks the first investment in global SD-WAN technology by a major telecommunications company. The new funding round will help Aryaka aggressively expand its global reach. The Series D financing builds on an exceptional year for Aryaka. The company has delivered over 100 percent year-over-year growth for five consecutive quarters and now has more than 500 global enterprise customers with sites in 63 countries around the world. mrem.bernama.com/viewsm.php?idm=28325 |
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