ZUG: Qontigo’s global index provider STOXX Ltd. has licensed the STOXX Europe 600 ESG-X Index to Kairos Partners SGR to serve as an underlying for an actively managed fund. The STOXX Europe 600 ESG-X index includes a product involvement screening for controversial weapons, tobacco and thermal coal as well as a norm-based screening that follows…
AM Best withdraws credit ratings of Royal Insurance Corporation of Bhutan
SINGAPORE: AM Best has affirmed the Financial Strength Rating of C (Weak) and the Long-Term Issuer Credit Rating of “ccc+” of Royal Insurance Corporation of Bhutan Limited. These ratings remain under review with negative implications. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive…
Safestay acquires Hotel Auberge in Berlin for €1.2 million
LONDON, UK: Safestay Plc, the owner and operator of an international brand of contemporary hostels, has acquired the Hotel Auberge in central Berlin for €1.2 million. Currently operating as a 32 bedroom hotel, the Hotel Auberge is ideally suited to being converted into a modern 150 bed Safestay Hostel. Commenting on the acquisition, Larry Lipman,…
Fatfish accepts A$12.7mn offer for its Swedish subsidiary from Abelco
MELBOURNE: Fatfish Blockchain Limited (FFG) has received and accepted a A$12.7 million offer for the merger of its Swedish venture builder subsidiary Fatfish Global Ventures AB (FGV). The offer came from Swedish-listed Abelco Investment Group AB, a well traded venture investment firm by way of a merger proposal. Under the offer, FFG will dispose of…
Karoon Energy contracts Stena Forthto drill Marina-1 in Peru
MELBOURNE: Karoon Energy Ltd has executed binding agreements with Stena Drilling Ltd and Tullow Oil Limited to contract the “Stena Forth” Dynamically Positioned Drillship. The “Stena Forth” has been contracted to drill one well, being the Marina-1 exploration well, in Karoon’s 40% owned and operated Block Z-38 in the Tumbes Basin in Peru with drilling…
Skyland terminates agreement to acquire mineral sand deposit in Indonesia
SYDNEY: Skyland Petroleum Group Limited notified a Deed of Settlement has been executed with Tisma HK Limited in relation to the unwinding and termination of the acquisition of Tisma Development (HK) Ltd. On 18 December 2018 the Company acquired the issued capital of Tisma, which indirectly holds a mineral sand development company with operations in…
Tokai Tokyo Global Investments to invest in Singapore’s STO exchange operator ICHX
TOKYO: Tokai Tokyo Global Investments Pte. Ltd., a subsidiary of Tokai Tokyo Financial Holdings, entered into an agreement to invest $5.0 million in Singapore’s STO exchange operator ICHX Tech Pte Ltd. ICHX operates a Security Token Offering exchange in Singapore and it is headquartered in Singapore, and operated by its CEO, Mr. Danny Toe. Under…
Cleaning Robot CL02 installed in Haneda Airport and Narita Airport
TOKYO: Next Generation Cleaning Robot CL02 developed by CYBERDYNE, INC. was installed in Haneda Airport and Narita Airport for practical use. For cleaning duties in airport, wide areas must be covered. However, one of the key challenges was coming up with ways to maintain the quality of the cleaning while taking countermeasures to lack of…
AM Best Affirms upgrades ICR of American National P&C Group members
NEW YORK: AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” of American National Insurance Company (ANICO), American National Life Insurance Company of Texas (ANTEX), American National Life Insurance Company of New York and Standard Life and Accident Insurance Company (SLAICO). These…
AM Best assigns credit ratings to Oceanview Life and Annuity Company, Oceanview Reinsurance
OLDWICK: AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Oceanview Life and Annuity Company and its reinsurer affiliate, Oceanview Reinsurance Ltd. The outlook assigned to these Credit Ratings (ratings) is stable. Both companies are ultimately owned by Oceanview Holdings Ltd. The…
PIA and Etihad Airways relaunch codeshare partnership
KARACHI: Pakistan International Airlines (PIA) and Etihad Airways (Etihad), the national airline of the UAE, have re-launched their code-share partnership to provide their customers with greater access to both airlines’ trunk routes between the UAE and Pakistan, and on Etihad services across its global network. The code-share flights are now open for sale with the first travel…
AskNicely launches world’s first customer experience coaching platform
PORTLAND–(BUSINESS WIRE)–AskNicely, the all-in-one platform for creating amazing customer experiences, today announced the launch of Performance & Recognition, a mobile customer experience coaching app designed specifically for front-line employees. Performance & Recognition builds on the existing AskNicely customer feedback software, rated #1 by G2, by motivating and empowering the front-line employees who interact with customers…