NEW YORK: Insurance sector rating agency, AM Best has revised its market segment outlook on the U.S. life insurance and annuity (L/A) segment to negative from stable, due to the significant volatility and uncertainty in the financial markets created by the COVID-19 virus. In AM Best’s view, the L/A industry maintains strong capital and liquidity…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
MJ Hudson acquires Meyler LLC
LONDON: MJ Hudson Group plc, the international financial services support provider, has acquired Meyler LLC, a marketing services and analytics business with a full and part time staff of eight, based in New York and Vancouver. Meyler will be integrated into MJ Hudson’s existing marketing and analytics business in the UK, to form a transatlantic…
Air Partner issues update of company’s approach to COVID-19 and outlook
LONDON: Air Partner Plc, the global aviation services group, has issued an update on the company’s approach to the COVID-19 virus, protective actions being taken, current trading and outlook. Despite the global impact of COVID-19, we have had an extremely busy start to the new financial year, with February reporting a good profit and March…
Bayer Pakistan calls for consistent policies to spur pharma industry’s growth
KARACHI: CEO and MD Bayer Pakistan Dr. Imran Ahmad Khan has called for consistent and transparent implementation of policies to enable the pharma industry provide research-based products along with employment opportunities, transfer of technology and to boost exports. He said in a statement that prompt and decisive decision-making would foster an environment where innovation can…
Bidstack and Codemasters in-game advertising sign collaboration
LONDON: Bidstack Group, the native in-game advertising group, has reached a new exclusive agreement with Codemasters to deliver native in-game advertising into an upcoming 2020 title. Through the seamless integration of Bidstack’s lightweight SDK, leading brands and advertisers from around the world will be able to deliver contextually relevant ads in real time (either directly…
JTC acquires SANNE Group’s private client business
LONDON: JTC Plc has announced the acquisition of the assets, contracts and employees of SANNE Group plc’s private client business based in Jersey. TC is an award-winning provider of fund, corporate and private client services. The consideration is variable based on the satisfactory migration of clients to JTC and is capped at a maximum of…
MRG secures $15m deal with major Australian supermarket retailer
SYDNEY: Murray River Organics Group Limited (MRG) has secured two new contracts with a major Australian supermarket retailer worth approximately $15 million over two years. MRG has been focused on growing its relationships in the Australian retail market and this new deal is a key milestone in achieving the new strategy launched in 2019. MRG’s…
Singapore Exchange rolls out S$5mn care package to provide support amid COVID-19
SINGAPORE: As part of broader efforts to reinforce Singapore’s resilience as global marketplace, Singapore Exchange (SGX) has rolled out S$5 million care package to provide support and relief measures amid the COVID-19 outbreak. To be given out over a period of 12 months, the SGX Care Package comprises a S$1.5 million contribution to national healthcare-support…
Marlowe acquires MOH for £3 million
LONDON: Marlowe plc, the services group focused on developing companies which assure safety and regulatory compliance, has acquired Managed Occupational Health Limited (MOH), for an enterprise value of up to £3 million. Established in 2004 and headquartered in Norwich, MOH is a leading national provider of occupational health services. MOH employs approximately 70 staff, including…
Ben Verwaayen appointed Non-Executive Chairman of Renewi
LONDON: Following Colin Matthews’ decision to step down as Chairman, Renewi Group has appointed Ben Verwaayen as Non-Executive Chairman. Ben will join the Board and succeed Colin as Chairman with effect from 1 April 2020. Ben Verwaayen has been CEO for a number of companies, including Alcatel-Lucent SA and BT plc. He held the position…
Euromoney owns Fastmarkets, with the acquisition of Census Commodity Data
LONDON: Euromoney Institutional Investor PLC, the international information services provider of essential information to global and specialist markets, announced the acquisition of 100% of Census Commodity Data, primarily operating through its brand AgriCensus and serving as a Price Reporting Agency (PRA) for the global agricultural commodity markets. Founded in 2017, AgriCensus is a small investment-stage…
NZCS agrees to acquire nutraceutical manufacturer Kiwi Dreams International
NEDLANDS: New Zealand Coastal Seafoods Limited (NZS) has agreed to acquire 100% of the issued share capital of New Zealand based Nutraceutical Manufacturer and Developer, Kiwi Dreams International Limited (KDI) from the shareholders Tony Dowd, Grant Washington-Smith and Rinku Singh. The consideration for the Acquisition will be satisfied by the issue of 16 million ordinary…