Friday, 13 November 2026

AM BEST AFFIRMS MARBLE RE’S ‘EXCELLENT’ RATINGS, OUTLOOK STABLE

KUALA LUMPUR, Nov 13 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Micronesia’s Marble Reinsurance Corporation (Marble Re), a captive insurer wholly owned by Japanese trading company Marubeni Corporation (Marubeni).

The outlook of these credit ratings (ratings) is stable, reflecting Marble Re’s strong balance sheet, strong operating performance, neutral business profile and appropriate enterprise risk management, AM Best said in a statement.

Marble Re’s risk-adjusted capitalisation is assessed at the strongest level and is expected to remain there, supported by a revised dividend policy that allows it to build capital, despite higher underwriting risks from business growth.

Its investment risk is minimal, with a portfolio made up of cash and short-term deposits, while credit risks from its moderately high reliance on reinsurance are mitigated by a high-quality and well-diversified reinsurance panel.

The company has recorded a five-year average combined ratio of 50 per cent from 2021 to 2025. Its premium income rose moderately in the financial year ended March 31, 2026, driven by growth in its captive business and the start of third-party business.

As a single-parent captive, Marble Re mainly insures risks within the Marubeni group, with marine cargo insurance remaining its main focus in the medium term. AM Best said Marble Re is well integrated with the Marubeni group in risk management, corporate governance and internal controls.

AM Best said the ratings could be lowered if Marble Re’s operating performance deviates materially from its business plan or if Marubeni’s credit profile deteriorates significantly, while an upgrade is unlikely in the medium term.

-- BERNAMA

ADDING MULTIMEDIA &Truth Launches &Atlas, Mapping the Global Mission to Provably Verify All Software


The world’s first interactive map tracking progress toward safe, mathematically verified software, beginning with the open-source C ecosystem.


PALO ALTO, Calif., & SINGAPORE, Nov 13 (Bernama-BUSINESS WIRE) -- &Truth, a public benefit corporation building the universal verification machine for code, today unveiled &Atlas, an interactive map of over 100 million lines of open-source C software spanning more than 3,000 foundational codebases. &Atlas makes visible an unprecedented ambition: to mathematically verify all critical software in the AI era, beginning with C and expanding across languages and systems.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261112661845/en/

C code underpins operating systems, browsers, databases, networking, and other essential infrastructure. Much of it has been in use for decades, and vulnerabilities can have consequences far beyond a single application. As AI accelerates both software development and cyberattacks, the need to prove what code can and cannot do is increasingly urgent.

Through &Atlas, anyone can explore the map of open-source C codebases and zoom into individual projects and their dependencies. They can see what has been analyzed, what has been mathematically verified, and what remains. &Truth’s mapping algorithms bring code, dependencies, and verification results together in an interactive view of coverage, progress, and discovered bugs. The map reveals the scale of the challenge, without suggesting that the entire ecosystem is already secure.

From Mapping Code to Proving Its Safety

&Truth’s verification engine uses formal specifications and mathematical proofs to establish that code satisfies precisely stated properties, under explicit assumptions. Starting with memory safety and the absence of undefined behavior, the company is scaling toward increasingly comprehensive functional correctness. Proofs will be independently checkable using Lean, rather than requiring trust in &Truth’s assertions.

&Truth has already mathematically verified more than 100,000 lines of C code and uncovered numerous real-world defects. In recent weeks alone, the &Truth verification engine has verified thousands of lines per day. The company’s advances in scalable architecture and proprietary proof automation are driving accelerating gains in speed, efficiency, and autonomy.

Designed to scale with computing power, &Truth is advancing toward increasingly rapid, automated verification of complex software. As proof generation accelerates, the primary bottlenecks are increasingly shifting toward defect discovery, remediation, and extending verification to harder systems. This marks a significant step toward industrial-scale verification.

“Formal verification has traditionally required extraordinary expert effort,” explains Clark Barrett, Co-Founder and Co-CEO of &Truth. “We’re building the automation, specifications, and scalable architecture to verify entire software ecosystems, not just isolated programs. &Atlas makes both our progress and the immense challenge, including its complex interdependencies, visible to the world.”

Beyond Finding Bugs: Proving They Cannot Recur

&Truth has begun reaching out to maintainers and affected stakeholders through coordinated vulnerability disclosure and is working with them on remediation, without publicly exposing unresolved security issues. The goal is to fix defects and prove that corrected code satisfies specified safety properties, thereby eradicating entire classes of errors and vulnerabilities.

Initially read-only, &Atlas lets developers, open-source maintainers, and formal-methods researchers examine codebases, coverage, and specifications. &Truth plans to expand community collaboration, including by open-sourcing semantics, specifications, and proofs for verified code. The roadmap also includes moving beyond C to languages like Rust, Java, Go, C++, and Verilog and moving from open-source to enterprise software.

The Science of Specification

&Atlas shows the scale of the verification challenge, but mapping the world’s software is only the beginning. To mathematically verify it, we must first define precisely what the code is supposed to do. A proof is only as meaningful as the specification behind it. &Truth is advancing the “science of specification”: translating human intent into rigorous mathematical requirements, from memory safety to security and privacy to full functional correctness. Its modular architecture is designed to scale these specifications and their proofs across complex, interconnected software systems.

“The hardest part is not always proving that software meets a specification, but ensuring the specification captures what people intend,” says Ilya Sergey, Co-Founder and Chief Science Officer of &Truth. “A mathematically correct proof of the wrong requirement can create false confidence. Advancing the science of specification is essential to verifying software at scale. &Atlas makes both our progress and the challenge visible.”

Turning the Whole Map Green

&Atlas turns a vast technical challenge into a visible, measurable global endeavor: beginning with open-source C, expanding across languages and systems, and ultimately making mathematical proof foundational to the security of all critical software.

“The world depends on code most people never see,” states Chris Hsu, Co-Founder, Co-CEO, and Executive Chairman of &Truth. “Finding bugs is just the beginning. Our goal is to fix them, properly coordinate reporting, and mathematically prove that entire classes of failures will never recur in the code we verify. &Atlas makes our progress measurable. We invite the world to explore the map, join the mission, and help turn the whole map green.”

Explore &Atlas at atlas.andtruth.com.

ABOUT &TRUTH

&Truth is a public benefit corporation building the universal verification machine for code. We’re establishing an open, independently checkable standard for provably safe software, proving that legacy and AI-generated code meets precise requirements. Founded in 2026 and based in Palo Alto and Singapore, &Truth is committed to ensuring AI develops safely for humanity.

Interested in verifying your critical code? Joining the &Truth mission? Learn more and contact us at andTruth.com.

View source version on businesswire.com:
https://www.businesswire.com/news/home/20261112661845/en/

Contact

Media and General Contact
Laura Weisman, Director of Communications, &Truth
laura@andtruth.com
PR Agency Contact
ASTRSK PR
andtruth@astrskpr.com

Source : &Truth

Thursday, 12 November 2026

TOKYO’S MON TAKANAWA TO HOST LONDON SOUND EXHIBITION

Key visual for “Feel the Sound”


KUALA LUMPUR, Nov 12 (Bernama) -- The immersive sound exhibition ‘Feel the Sound’, first staged at London’s Barbican Centre, will make its Japan debut at MoN Takanawa: The Museum of Narratives in Tokyo from Nov 20 to March 22, 2027.

The exhibition, part of the new museum’s opening programme produced with the Barbican Centre, features installations combining sound, vibration, music and technology that let visitors feel sound with their whole body rather than only hear it.

According to the museum in a statement, the exhibition is curated by Luke Kemp, who will lead guided tours during a media preview on Nov 19.

It is co-produced by MoN Takanawa and supported by the British Council, with details of the participating artists, main installations and ticket prices to be announced later.

MoN Takanawa, in Tokyo’s Minato ward, is an experimental museum covering fields from traditional Japanese culture to manga, music and space. Its spiral, greenery-covered building was designed by Kengo Kuma & Associates.

The museum is operated by the East Japan Railway Foundation for Cultural Innovations.

-- BERNAMA

Axi joins Babypips as an advertising partner through its Trusted Partner programme



The arrangement gives Axi an opportunity to introduce its trading services to Babypips’ established global audience through its advertising platform

SYDNEY, Nov 12 (Bernama-GLOBE NEWSWIRE) -- Axi, a global online FX and CFD broker, has joined Babypips as an advertising partner through its Trusted Partner programme, providing an opportunity to increase brand visibility among an established audience of forex traders and those looking to learn more about financial markets.

Founded in 2005, Babypips has become an established online destination for forex education, helping millions of readers understand the foreign exchange market. Its accessible learning resources explain forex trading and the economic forces that influence currency prices and wider financial markets.

Its educational offering includes the School of Pipsology, a structured, self-paced programme with free courses covering forex basics and technical analysis. Its Premium curriculum goes further into price action, macro fundamentals, intermarket analysis, global liquidity and trading plan development, with a strong emphasis on risk management. Babypips also offers market commentary, trading tools, quizzes and a community forum.

Through the Trusted Partner programme, Axi will be featured as an advertising partner on Babypips, giving readers the opportunity to discover more about the broker and its trading services through designated promotional placements. The arrangement provides Axi with access to a relevant audience while allowing Babypips to maintain a distinction between advertising partnerships and its independent educational and editorial content.

“Babypips has built an established presence within the forex education space, reaching an audience interested in understanding and participating in financial markets. Becoming an advertising partner through its Trusted Partner programme gives Axi an opportunity to increase our visibility among this audience and introduce more traders to our offering,” said Julie Sharova, Global Head of Marketing at Axi.

To support traders at every stage, the School of Pipsology has continually evolved beyond introductory forex into advanced market study. Its latest curriculum updates feature specialised modules on price action trading, macro fundamentals, global liquidity, and a practical prop firms 101 guide. Alongside these structured lessons, the platform’s active community forums provide an open space for traders around the world to debate strategy, analyse market movements, and share ideas in real time.

For more information visit www.axi.com and www.babypips.com.

About Axi

Axi is a global online FX and CFD broker, providing thousands of clients across 100+ countries with access to financial markets through intuitive trading platforms, advanced tools, and educational resources. Its product suite includes forex, CFDs, and perpetual futures, with availability varying by region and entity.

About Babypips

Founded in 2005, Babypips is one of the world’s most trusted online resources for retail traders. The platform is best known for its flagship School of Pipsology. Beyond education, Babypips empowers market participants with MarketMilk™, an intuitive visual technical analysis and screening tool, and daily market commentary authored entirely by its veteran in-house editorial team. The team covers forex, equities, commodities like gold and oil, and broader financial markets. Backed by an active global trading community, Babypips equips millions of readers each month with clear, actionable insights to navigate modern investing. For more information, visit www.babypips.com.

Media enquiries: mediaenquiries@axi.com

Promoted by AxiTrader LLC. Trading carries a high risk of investment loss. This content may not be available in your region.

A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d8460792-6a5d-4a0e-a24b-0058a8ca4b00

SOURCE: Axi Trader LLC

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.


--BERNAMA

Wednesday, 11 November 2026

PACIFIC PRIME BAGS FOUR HR VENDOR AWARDS IN SINGAPORE

 

KUALA LUMPUR, Nov 10 (Bernama) -- Pacific Prime, an international health insurance and employee benefits provider, has won four awards at the HR Vendors of the Year Awards Singapore 2026, including gold for Best HR Compliance Partner.

The company also won silver for Best HR Transformation Partner and two bronze awards for Best HR Management System in the enterprise and small and medium-sized business categories.

“These awards reflect the ambition, commitment and consistency of our Singapore team. We set high standards globally, and I am incredibly proud to see our team continue to raise the bar,” said Pacific Prime Singapore Chief Executive Officer, Heena Bose in a statement.

The awards, hosted by Human Resources Online, were presented at a gala dinner in Singapore on Oct 23. Pacific Prime was represented by Bose, among other members of its leadership.

Pacific Prime said its insurance technology tools were central to the wins. Its Prime Care Portal, which lets human resources (HR) teams manage employee benefits across insurers and markets on a single platform, has served 3,417 corporate clients and 645,028 members to date.

Its Flexible Benefits Portal for employees, which includes benefits selection, e-wallets and a wellness marketplace, processes more than two million claims a year.

Pacific Prime provides insurance technology tools and consulting to help employers manage compliance, employee benefits and corporate risk.

-- BERNAMA

Tuesday, 10 November 2026

Best’s Market Segment Report: Health and Property Lines of Business Drive Hong Kong’s Non-Life Insurance Growth


HONG KONG, Nov 10 (Bernama-BUSINESS WIRE) -- Hong Kong’s non-life insurance market recorded stable growth in 2025, with gross written premiums (GWP) growing year over year by 8% to HKD 108.5 billion, driven by steady growth in direct business and inward reinsurance activities, according to a new AM Best report.

The Best’s Market Segment Report, “Health and Property Lines Drive Hong Kong’s Non-Life Insurance Growth,” notes that there are 87 authorised pure non-life insurance companies in Hong Kong, as of 31 March 2026, creating tight price competition and margin pressures across the industry, which makes organic growth difficult for some entities. Accident and health (A&H) insurance remains the largest premium contributor, representing 37% of the Hong Kong non-life market. The other two core business segments — property damage and general liability (including employees’ compensation) have held consistent market share in 2024 and 2025.

Despite continued margin pressure from medical inflation, the A&H segment grew by 14.5% in 2025 from the previous year due to strong onshore business demand, an aging population and the city’s role as a regional hub for private medical services and cross-border protection.

“The rapid physical integration of the Greater Bay Area, a major urban and economic cluster in southern China that connects Hong Kong and Macau with nine cities in Guangdong province, has also led to considerable non-local demand,” said Cynthia Ang, senior industry research analyst, AM Best.

The property line of business also showed solid growth as more-frequent catastrophe events have created higher demand for coverage of commercial risks. The expansion of inward reinsurance portfolios was also a factor in the segment’s growth. However, underwriting profit for direct property damage business shrank by 87%, owing largely to huge claims payouts and substantial reserves set aside by insurers following the November 2025 Wang Fuk Court fire.

“A material portion of the gross incurred losses from the Wong Fuk Court fire was transferred to reinsurers, with limited impact on pricing. However, the scale of the event has caused primary insurers and reinsurers to reassess their risk appetite and strategy, leading to stricter underwriting standards, particularly for high-rise renovations and high-risk construction locations,” said Stephanie Mi, senior financial analyst, AM Best.

Other report takeaways include:
  • The non-life segment is heavily fragmented, with intense competition and low concentration; no single company holds a market share of more than 10%.
  • Favourable prior-year reserve releases contributed to stronger underwriting performance and helped improve the combined ratio for the employees’ compensation insurance segment in 2025.
  • Progressive regulatory strategies balance market resilience and industry development by introducing targeted initiatives to streamline compliance and support sustainable growth.
To access the full copy of this report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=370475.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com:
https://www.businesswire.com/news/home/20261108118111/en/

Contact

Stephanie Mi
Senior Financial Analyst
+852 2827 3402
stephanie.mi@ambest.com

Cynthia Ang
Senior Industry Research Analyst
+65 6303 5026
cynthia.ang@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

Source : A.M. Best Rating Services, Inc.

VOCALBEATS.AI PARTNERS AI SINGAPORE ON APPRENTICE TRAINING

KUALA LUMPUR, Nov 10 (Bernama) -- Vocalbeats.AI, a Singapore-based artificial intelligence (AI) innovation company, has partnered with AI Singapore (AISG) to give apprentices in its AI Apprenticeship Programme hands-on experience of industry projects.

Under the partnership, which began in October, apprentices will work with the Vocalbeats.AI team on practical AI development projects, applying emerging technologies to real business and user needs, the company said in a statement.

“By working with AI Singapore, we hope to give apprentices meaningful exposure to our projects and share what we have learned from building AI products for a global audience,” said Vocalbeats.AI Chief Executive Officer, Marco Lai Jinnan.

Meanwhile, AISG Director of AI Innovation, Laurence Liew said the collaboration would give apprentices the chance to tackle real industry challenges and see how AI applications are developed and evaluated.

The apprenticeship programme combines structured training, mentorship and industry project experience to develop AI engineering skills.

The partnership builds on scholarships Vocalbeats.AI set up earlier this year at the National University of Singapore and Nanyang Technological University.

-- BERNAMA