Pacific Prime Singapore newest Worldwide Broker Network Asia Pacific member

KUALA LUMPUR, Nov 3 -- The Lion City's leading insurance broker, Pacific Prime Singapore was recently announced as the newest Asia Pacific member of the Worldwide Broker Network™ (WBN).

WBN is a global network of commercial insurance brokers and employee benefit consultants, according to a statement.

Pacific Prime Singapore is delighted to be the latest addition to the WBN, which enables WBN's global partners to access insurance solutions in Singapore.

“The new partnership offers many benefits for Pacific Prime Singapore and their clients, both regionally and globally,” said Pacific Prime Singapore chief executive officer, Olivier Zeller.

“The Worldwide Broker Network allows us to place policies on behalf of our clients through our broker partners in virtually every country. This allows us to offer one point of contact for all policies for our multi-jurisdictional clients, irrespective of whether we have offices in this country or not.”

Zeller will be the primary point of contact for all employee benefits, corporate insurance and individual solutions in Singapore.

Pacific Prime's significant investment in both technology and people - with over 20 languages spoken and a large claims team - positions the brokerage well in delivering robust solutions to the WBN's clients, and to produce additional business for the network.

 Pacific Prime was founded in 1999, with the mission of simplifying insurance for international customers looking for health coverage. More details at https://pacificprime.com/corporate.

-- BERNAMA

GUESS & CO. CORPORATION SHAREHOLDERS ELECT DIRECTORS

Directors Elected at 2020 Annual Meeting of Shareholders

MIAMI, Nov 2 (Bernama-GLOBE NEWSWIRE) -- Guess & Co. Corporation is pleased to announce its Board of Directors following their election at the Annual Meeting of Shareholders. The Board of Directors is responsible for overall governance of Guess & Co. Corporation. The following individuals were elected to the Board of Directors at the company’s Annual Meeting of Shareholders that was held on Friday, October 30, 2020.

Mr. Jerry D. Guess, Chairman of the Board of Directors

Ms. D. Michelle Stewart, Deputy Chairman of the Board of Directors

Mr. James R. Jackson, Vice-Chairman of the Board of Directors

Mr. Mitchell M. Cohen, Lead Director of the Board of Directors

Ms. Paris N. Smith, Director

Ms. Kyra A. Anderson, Director

Mr. Stephen T. Baldacci, Director

Jerry D. Guess,
Director & Chairman

Mr. Guess has been a serial entrepreneur since the age of 13 years old. A strategist and visionary, Mr. Guess is committed to leveraging his experience of over 20 years to improve the lives of others. He partnered with others to launch Guess & Co. Corporation as a company focused on providing solutions to problems in communities throughout the U.S. and abroad. As someone who has had personal and business setbacks, Mr. Guess is a resilient leader who brings intestinal fortitude to the table for his team and the company's clients. Mr. Guess has completed Business coursework at Adams State University. He is currently enrolled at Purdue University Global where he is pursuing a degree in Finance. His business experience spans many areas including start-ups, finance, mergers, acquisitions, turnaround, restructuring, bankruptcy, reorganization, business development, strategic planning, marketing, public relations and community development. He successfully launched a for-profit social enterprise as senior deputy chairman and president. He also served as chairman and president of a midwestern general contractor. Mr. Guess has made contributions to the community over the years. He served two terms as voting member of the Forsyth County Juvenile Crime Prevention Council in Winston-Salem, North Carolina where he reviewed and approved grant proposals for at risk-youth. He was also a candidate for the Charlotte-Mecklenburg School Board following the resignation of a member. Mr. Guess was appointed chairman of the board of directors of Guess & Co. Corporation in January of 2019. Prior to that appointment, Mr. Guess was principal and responsible for strategy and development. As chairman of Guess & Co. Corporation, Mr. Guess has provided leadership to the Board that has encouraged contributions from all members in guiding the company's future.

http://mrem.bernama.com/viewsm.php?idm=38570

Cyberport discusses RegTech’s potential, advantages at Hong Kong FinTech Week

 KUALA LUMPUR, Nov 4 -- As a FinTech partner at Hong Kong FinTech Week, Cyberport has been discussing the RegTech’s development potential and Hong Kong’s advantages.

The five-day Hong Kong FinTech Week began on Nov 2.

According to a statement, Cyberport invited scholars, outstanding financial industry leaders and its community start-ups to the ‘FinTech Studio’ session.

Cyberport’s RegTech start-ups noted the current global financial industry’s annual spend on compliance topped US$780 billion, and it is expected that RegTech can seize 10 per cent of this market share within just three years. (US$1 = RM4.155)

The participating start-ups believe that RegTech will be applied by banks and other financial institutions, and that its huge market potential will attract more investors.

In addition, representatives from the RegTech Association of Hong Kong and the FinTech Association of Hong Kong, as well as Professor Douglas Arner from the University of Hong Kong Department of Law, also shared their views on Hong Kong’s advantages in developing RegTech.

They believed as an international financial centre, Hong Kong features a vibrant financial market and a comprehensive legal and regulatory system.

The financial and technology talent pool, together with informational and financial connectivity, provides a sound foundation for Hong Kong to develop into a regional RegTech centre.

Cyberport recently launched its ‘Blockchain and RegTech Speaker Series’, explaining how the application of artificial intelligence and blockchain technology to compliance procedures can reduce the relevant costs and accelerate the financial industry’s digital transformation.

-- BERNAMA

AM Best assigns Bank of China Group Insurance Company Limited Credit Ratings

 KUALA LUMPUR, Nov 3 -- AM Best has assigned a Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of ‘a-’ to the Bank of China Group Insurance Company Limited (BOCGI) Hong Kong.

According to a statement, the outlook assigned to these Credit Ratings (ratings) is stable.

The ratings reflect the company’s balance sheet strength, which AM Best described as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

BOCGI’s strong balance sheet strength assessment is underpinned by its strongest level of risk-adjusted capital, as measured by Best’s Capital Adequacy Ratio.

The company’s adequate operating performance is supported by a five-year average return-on-equity ratio of 8.4 per cent.

Overall net profit is mainly supported by investment returns from BOCGI’s share of associate companies and a stable stream of interest and dividend income, although its combined ratio was above 100 per cent over the past five years (2015 to 2019).

This year, the company conducted a portfolio review exercise and trimmed its non-performing books and channels.

While future premium growth is expected to be steered by direct and inward property reinsurance business, AM Best views the inward property book’s catastrophe exposures as potentially adding volatility to the company’s overall underwriting performance.

BOCGI ranks as the sixth largest insurer in Hong Kong’s non-life market, based on a 3.4 per cent share of direct premium written in 2019. More details at www.ambest.com  

-- BERNAMA

HDFC BANK IS NUMERO UNO IN INDIAN FINANCIAL SECTOR: ASIAMONEY POLL

 

• Secures coveted honour for 2^nd year in a row

 
MUMBAI, India, Nov 3 (Bernama-BUSINESS WIRE) -- HDFC Bank Ltd. has been voted ‘Most Outstanding Company – Financial Sector’ in India, in a poll conducted by the well-known publication Asiamoney. Over 824 fund managers, buy-side analysts, bankers and research analysts voted across 12 markets in Asia. More than 4,000 votes were received for publicly listed companies. Asiamoney asks participants in the poll to consider the company’s overall performance including its financials, management team, IR activities and CSR initiatives.

Click here to watch a video by Mr Srinivasan Vaidyanathan, CFO, HDFC Bank

Known as Asia's Outstanding Companies Poll, it aims to identify and recognise listed companies in 2 categories: by country and by sector. HDFC Bank has bagged this honour for the 2^nd consecutive year.

The 12 markets covered were China, Hong Kong, India, Indonesia, Korea, Malaysia, Pakistan, Philippines, Singapore, Taiwan, Thailand and Vietnam.

To view the full results, click here.

About HDFC BANK

For more information please log on to: www.hdfcbank.com

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20201103005217/en/

Contact

For media queries please contact:
Neeraj Jha
Head, Corporate Communication
HDFC Bank Ltd., Mumbai.
Tel: 91 - 22 - 6652 1308 (D) / 6652 1000 (B)
Mobile: 9323620828
Neeraj.Jha@hdfcbank.com
Twitter: @NeerajHDFCBank

Source : HDFC Bank Ltd.

Christie CounterAct to reduce pathogens in commercial indoor venues

KUALA LUMPUR, Oct 30 -- Christie® has launched the Christie® CounterAct™ line of commercial UV disinfection products with patented Care222® far-UVC light technology for cinemas, theme parks, museums, sports complexes and other indoor spaces.

Unlike comparable products, the Christie fixture uses Ushio’s patented narrowband filtered Care222 excimer lamps that emit far-UVC 222nm light - the only UV technology shown to continuously and significantly reduce pathogens, like coronaviruses.

It may also be used while people are present, when used in accordance with specified parametres. Mass production of the new Christie CounterAct fixture starting January, next year.

Developed by Christie’s parent company, Ushio Inc, based on technology licensed from Columbia University, the revolutionary Care222 far-UVC, mercury-free excimer lamp includes a proprietary short pass filter that prevents the emission of longer wavelengths of UV light (230nm and higher) that are capable of penetrating human skin and eyes.

“The fact that far-UVC light – specifically, our new Christie CounterAct far-UVC fixture – can be used in the presence of people is a real differentiating factor,” said Christie president and COO, Zoran Veselic.

“By harnessing these benefits as part of a user-friendly product that can be quickly deployed, we hope to provide a much-needed boost to our partners across the entertainment industry who are currently struggling to attract wary customers.”

According to a statement, Christie CounterAct is a line of fixtures that are simple to control remotely and can be installed on ceilings as easily as a commercial lighting fixture.

It is well suited for use across a wide range of occupied, commercial areas such as entertainment venues, including lobbies, auditoriums and restrooms.

-- BERNAMA

Japan AQS confirms NIAH isolation of ASF virus from illegally-brought pork

 KUALA LUMPUR, Nov 2 -- Gene of African swine fever (ASF) virus was recently confirmed as a result of the gene test on pork sausages illegally brought into Japan by a passenger from the Philippines.

The test was carried out by Animal Quarantine Service (AQS), Ministry of Agriculture, Forestry and Fisheries Japan, according to a statement.

Live virus was also isolated from the products as a result of virus isolation carried out by the National Institute of Animal Health (NIAH), the National Agriculture and Food Research Organization.

After a quarantine detector dog at Haneda airport found the meat products, AQS disposed of them as prohibited import products, and a part was sent for testing.

AQS has been testing the ASF virus gene on pork products illegally brought by international passengers since August 2018, and this is the 89th case found to be ASF gene positive and is the third case that the infectious ASF virus is isolated.

Animal products including ham, bacon, jerky, sausage and processed meat products are prohibited to be brought into Japan, regardless of volume, in accordance with the Act on Domestic Animal Infectious Diseases Control.

AQS will continue to strengthen import inspection of animal products to prevent the incursion of ASF through international passengers and parcels by utilising quarantine detector dogs at international airports and post offices.

Violators shall be punished with imprisonment for a term of up to three years or a fine of up to JPY3 million. Business corporations shall be punished with a fine of up to JPY50 million. Passengers with illegal animal products may also be denied permission for landing in Japan. (JPY100 = RM3.968)

-- BERNAMA