HONG KONG, Aug 25 (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 Hanwha General Insurance Company Limited (HGI) (South Korea). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect HGI’s adequate risk-adjusted capitalization and recent improvement in its operating results. In addition, the ratings incorporate the implicit and explicit support the company receives from its parent company, Hanwha Life Insurance Co., Ltd. HGI’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), decreased in 2016 due to an increase in investment and underwriting risks that was stronger than the growth of capital and surplus. The company reported strong growth in net premium income in 2016, driven by increases in premium rates and retention in its major business line of long-term insurance. However, the current ratings are supported by factors that include HGI’s proactive capital management strategies and conservative investment portfolio. Moreover, the company reported considerable improvement in profitability over the past three years, owing to measures such as restructuring its insurance portfolio and increases in premium rates. Partially offsetting rating factors include the company’s increased reliance on reinsurance arrangements for its long-term insurance business line and its high asset leverage, which could cause volatility in profitability and capitalization. Positive rating actions could occur if HGI demonstrates a stable track record in operating performance and capitalization. Negative rating actions could occur if the company’s operating performance or risk-adjusted capitalization deteriorates significantly, or if there is a sizeable decline in the parent company’s financial strength and credit profile. Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication. This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases. A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com. Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED. Contacts A.M. Best Seewon Oh, +852 2827 3404 Associate Director, Analytics [email protected] or Moungmo Lee, +65 6589 8412 Managing Director, Analytics [email protected] or Christopher Sharkey, +1 908 439 2200, ext. 5159 Manager, Public Relations [email protected] or Jim Peavy, +1 908 439 2200, ext. 5644 Director, Public Relations [email protected] Source: A.M. Best
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JAKARTA, Indonesia, Aug 24 (Bernama-BUSINESS WIRE) -- Global nutrition company, Herbalife has been named as the title sponsor of the Bali International Triathlon for the third consecutive year. Called the Herbalife Bali International Triathlon 2017, the event will be held at Mertasari Beach in Sanur, Bali on Sunday, October 15.
“We are proud to return as the title sponsor of the Bali International Triathlon for the third time running. The sports sponsorship exemplifies our commitment to a healthy, active life, supported by good nutrition,” said Shobie Ann King, Vice President, Southeast Asia at Herbalife Nutrition. “We have been supporting the Bali International Triathlon since its inception in 2007, and are delighted to see the event has grown from strength to strength. We look forward to working closely with the organisers to spread our messages on good nutrition to as many people as possible.” Over 2,000 participants are expected to take part in this year’s race, including Indonesia’s national athlete, Jauhari Johan. An Herbalife Nutrition sponsored athlete, Johan will also be representing Indonesia in the triathlon event at the 29thSoutheast Asian Games in Malaysia this month. As the title sponsor, Herbalife Nutrition will provide all Herbalife Bali International Triathlon 2017 participants with its nutrition products during pre-event training sessions and coaching clinics. In addition, Herbalife Nutrition will be offering a taste of its Formula 1 Nutritional Shake Mix and NRG tea to participants at the five booths set up across the competition venue, where participants will also be able to receive complimentary body fat and glycemic index analyses. The Bali International Triathlon has grown in popularity and was recently named as one of the “Best Triathlon Races in Asia 2016” by AsiaTri.com, an Asian triathlon online magazine. This year’s race comprises the following race categories:
About Herbalife Herbalife Nutrition is a global nutrition company whose purpose is to make the world healthier and happier. We have been on a mission for nutrition - changing people's lives with great nutrition products & programs - since 1980. Together with our Herbalife Nutrition independent members, we are committed to providing solutions to the worldwide problems of poor nutrition and obesity, an aging population, sky-rocketing public healthcare costs and a rise in entrepreneurs of all ages. We offer high-quality, science-backed products, most of which are produced in Company-operated facilities, one-on-one coaching with an Herbalife Nutrition independent member, and a supportive community approach that inspires customers to embrace a healthier, more active lifestyle. Our targeted nutrition, weight-management, energy and fitness and personal care products are available exclusively to and through dedicated Herbalife Nutrition members in more than 90 countries. Through our corporate social responsibility efforts, Herbalife Nutrition supports the Herbalife Family Foundation (HFF) and our Casa Herbalife programs to help bring good nutrition to children in need. We are also proud to sponsor more than 190 world-class athletes, teams and events around the globe, including Cristiano Ronaldo, the LA Galaxy, and numerous Olympic teams. Herbalife Nutrition has over 8,000 employees worldwide, and is traded on the New York Stock Exchange (NYSE:HLF) with net sales of approximately US$4.5 billion in 2016. To learn more, visit Herbalife.com or IAmHerbalife.com. Financial information is available on ir.herbalife.com. Contacts Herbalife Media Enquiries: Daliea Mohamad-Liauw, +852 3589 2643 VP, Corporate Communications, Herbalife Nutrition Asia Pacific [email protected] Source: Herbalife View this news release online at: http://www.businesswire.com/news/home/20170824005447/en --BERNAMA VANCOUVER, British Columbia, Aug 24 (Bernama-GLOBE NEWSWIRE) --PayByPhone, the global leader in mobile parking payments, today announced that it has appointed Francis Dupuis as President and Chief Executive Officer effective August 23rd, 2017. Kush Parikh, former President and CEO, has stepped down from the role after his successful 3.5-year term with the business. During his time at PayByPhone, Kush led the business to profitability, established a strong focus on end customers and was pivotal in its ground-breaking sale to Volkswagen Financial Services.
“With more than 20 years of experience in the software industry and a deep product background, Francis is exactly the kind of leader we need to further grow and innovate in the parking market on an international scale,” said Stefan Imme, Head of M&A and Investment Management at Volkswagen Financial Services AG. Francis, a long-standing member of the executive team at PayByPhone, takes the reins at a pivotal time for the company. The recent acquisition of PayByPhone by Volkswagen Financial Service AG gives the PayByPhone team unprecedented access to the automotive industry at a time when smart parking and smart city initiatives are booming. "I'm very excited about the opportunity we have to build on our history of innovation and continue to drive the transformation of the parking industry," Francis Dupuis said. "We’re extremely well poised to grow the business to its true potential." ABOUT PAYBYPHONE PayByPhone is one of the fastest growing mobile payments companies in the world, processing more than $325 million in payments annually. Through the company's mobile web, smartphone and smartwatch applications, PayByPhone helps millions of consumers easily and securely pay for parking without the hassles of waiting in line, having to carry change or risking costly fines. Thomas Nguyen, Marketing Manager [email protected] Source : PayByPhone --BERNAMA Company broadens footprint in Singapore, New Zealand, India and Northern Asia; appoints key hires in Asia Pacific Region
SYDNEY, Aug 24 (Bernama-BUSINESS WIRE) -- CrowdStrike® Inc., the leader in cloud-delivered endpoint protection, today announced the rapid expansion of its Asia Pacific (APAC) operations on the heels of triple-digit bookings growth. The company has established offices and headcount in key markets including Singapore, New Zealand, India and Northern Asia. Increased demand within the APAC region for CrowdStrike Falcon®, the first cloud-based endpoint protection platform, continues to spike as organizations replace legacy antivirus (AV) solutions with next-generation technology. CrowdStrike Falcon is the only platform that unifies next-generation AV, endpoint detection and response (EDR), and a 24/7 threat hunting service — all delivered via a single lightweight agent. With CrowdStrike Falcon, organizations can replace their AV or augment it with a full-scale endpoint protection solution, powered by a cloud-native architecture and artificial intelligence/machine learning. While CrowdStrike opened APAC headquarters in June 2016, the organization has had customers within the region for more than four years. Since then, CrowdStrike has seen growing momentum in its business and operations, sales growth, and a rapidly expanding customer base. This May, CrowdStrike completed a $100 million Series D funding round, led by existing investor Accel along with CapitalG (formerly Google Capital), Warburg Pincus, March Capital Partners and regional investor Telstra. This round of funding will help CrowdStrike further accelerate its APAC expansion to meet the spiking demand for its Falcon platform. In tandem with expanding operations, CrowdStrike has made multiple strategic hires to continue investment in the APAC region including regional director for India and SAARC, APAC director of Channel and Alliances, and regional Sales and Marketing managers for New Zealand, Southeast Asia and Victoria, Australia. CrowdStrike’s operations in APAC now include Australia, New Zealand, Singapore, India, and parts of Northern Asia. Other regional milestones include:
Supporting Quotes: Kevin O’Sullivan, head of Security Services, Kinetic IT “Today, customers are looking to move away from point products and adopt comprehensive solutions to not only transform their legacy AV but also add capabilities to detect and respond to advanced attacks. CrowdStrike Falcon offers exactly that and enables customers to stop breaches regardless of how threats continue to evolve. CrowdStrike and Kinetic IT share a commitment to putting the customer first and delivering best-of-breed solutions to drive value and ROI and we look forward to continuing to our productive partnership.” Michael Ostrowski, regional vice president of Sales, APAC at Proficio “As a global, next-gen cybersecurity services provider, Proficio is continually focused on providing its clients with state-of-the-art monitoring, detection and response solutions like CrowdStrike’s Falcon platform. Through our valued partnership with CrowdStrike, we are able to offer our clients the most comprehensive and effective solution to stop modern-day attacks and give them a definitive advantage against the rising tide of threats that they are facing not just in the APAC region but globally as well. The CrowdStrike Falcon platform not only improves our overall visibility into our customers’ environment but also allows us to provide better actionable intelligence, recommendations and remediation.” Andrew Littleproud, vice president of APAC, CrowdStrike “The CrowdStrike Falcon platform delivers to customers maximum protection against modern-day threats, along with best-in-class performance, efficacy, and efficiency. This powerful combination has allowed us to set a new standard in endpoint security, which is driving incredible momentum in our sales across APAC. We are excited to expand our presence in APAC countries and will continue to invest within the region throughout the rest of 2017.” About CrowdStrike® CrowdStrike is the leader in cloud-delivered endpoint protection. The CrowdStrike Falcon® platform offers instant visibility and protection across the enterprise and prevents attacks on endpoints on or off the network. CrowdStrike Falcon deploys in minutes to deliver actionable intelligence and real-time protection from Day One. Falcon seamlessly unifies next-generation AV with best-in-class endpoint detection and response, backed by 24/7 managed hunting. Its cloud infrastructure and single-agent architecture take away complexity and add scalability, manageability, and speed. CrowdStrike Falcon protects customers against all cyber attack types, using sophisticated signatureless artificial intelligence/machine learning and Indicator-of-Attack (IOA) based threat prevention to stop known and unknown threats in real time. Powered by the CrowdStrike Threat Graph™, Falcon instantly correlates over 50 billion security events from across the globe to immediately prevent and detect threats. There's much more to the story of how Falcon has redefined endpoint protection but there's only one thing to remember about CrowdStrike: We stop breaches. Learn more: https://www.crowdstrike.com/ Follow us: Blog | Twitter © 2017 CrowdStrike, Inc. All rights reserved. CrowdStrike®, CrowdStrike Falcon®, CrowdStrike Threat Graph™, CrowdStrike Falcon Prevent™, Falcon Prevent™, CrowdStrike Falcon Insight™, Falcon Insight™, CrowdStrike Falcon Discover™, Falcon Discover™, CrowdStrike Falcon Intelligence™, Falcon Intelligence™, CrowdStrike Falcon DNS™, Falcon DNS™, CrowdStrike Falcon OverWatch™, and Falcon OverWatch™ are the trademarks of CrowdStrike, Inc. All other brands, products, or service names are or may be trademarks or service marks of their respective owners. Contacts CrowdStrike, Inc. Ilina Dimitrova, 202-340-0517 [email protected] Source: CrowdStrike, Inc. MANCHESTER, England, Aug 22 (Bernama-BUSINESS WIRE) -- BluJay Solutions, a leading provider of supply chain software and services powered by the world’s first Global Trade Network, has raised a significant new financing facility from TPG Specialty Lending and BlueBay Asset Management’s Private Debt Group. The capital will bolster BluJay’s continued expansion of its market-leading Global Trade Network and help accelerate growth. In addition, the facility allows for $200 million of additional capital to finance acquisitions as BluJay continues to expand its market-leading software solutions.
“Our Global Trade Network has been widely accepted by companies around the globe,” said Doug Braun, BluJay Solutions CEO. "They understand the power and vision of bringing thousands of supply chain participants into a single network and workflow. We are winning more deals because our Global Trade Network is resonating, and this new financing will allow us to accelerate our expansion plans.” Over the past 18 months, the Company has attained significant milestones:
About BluJay Solutions BluJay Solutions delivers supply chain software and services to the world’s most progressive retailers, distributors, freight forwarders, manufacturers, and logistics service providers. Transforming supply chain logistics with the BluJay Global Trade Network, we enable customers to unlock the power of more than 40,000 universally connected partners. With BluJay, companies can achieve greater trade velocity, transform their supply chain economics for disruptive advantage, and see beyond the horizon to optimize their future in the global economy. To learn more, visit: www.blujaysolutions.com, or follow us on Twitter at @myblujay and LinkedIn. Contacts BluJay Solutions Tara Lefave Stred, +1-781-418-2400 [email protected] Source: BluJay Solutions View this news release online at: http://www.businesswire.com/news/home/20170821005503/en --BERNAMA |
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