HOUSTON: Credit rating activity for the U.S. property and casualty insurance industry in the first half of 2020 was mixed, with upgrades modestly outnumbering downgrades, according to a new AM Best report. A new Best’s Special Report, titled, “Mid-Year Rating Changes Mixed as U.S. Property/Casualty Insurers Manage Challenging Market Dynamics,” states that the percentage of…
Tag: COVID19
SoftOx Solutions with potential breakthrough in the fight against Covid19
OSLO: SoftOx Solutions AS has received the results of the inhalation studies in minipigs, which show very promising results with the intention to further develop the company’s technology into a treatment of respiratory infections, including Covid19 patients. The results indicate that they have found “safe” concentrations that do not damage the airways and at the…
DAMAC reports loss of AED 387 million for 1H 2020 due to Covid 19 and adverse business conditions
DUBAI: DAMAC Properties Dubai Co. announced financial results for the first half of 2020, reporting total revenue of AED 2.4bn vs AED 1.9bn in 1H 2019. Booked sales for the period stood at AED 1.05bn vs AED 1.77bn for the similar period last year. Gross profits for the period stood at AED 563mn (1H 2019:…
Integumen signs MTA with Aptamer Group Ltd
LONDON: Integumen Plc has signed a Material Transfer Agreement (MTA) with the Aptamer Group Limited to develop and manufacture aptamers to detect SARS-CoV-2 in wastewater. The aptamers have the potential to play a key role in the real-time identification of localised COVID-19 hotspots in wastewater, from which authorities can be alerted through Integumen’s real-time alert…