A.M. BEST UPGRADES RATINGS OF CBL INSURANCE LIMITED

SINGAPORE, June 10 (Bernama-BUSINESS WIRE) -- A.M. Best has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and the issuer credit rating to “a-” from “bbb” of CBL Insurance Limited (CBL) (New Zealand). The outlook for each rating remains stable. 

The rating actions reflect significant improvement in CBL’s capital position and risk-adjusted capitalization in 2015, due to continued strong earnings and additional capital contributions from its parent company. In addition, the initial public offering of its ultimate parent company, CBL Corporation Limited (CCL), which occurred in October 2015, has vastly improved the insurance group’s financial flexibility. 

http://mrem.bernama.com/viewsm.php?idm=26972

IDC MARKETSCAPE REPORT NAMES MACH7 A LEADER IN U.S. HEALTHCARE PROVIDER VNA/AICA UNSTRUCTURED DATA PLATFORMS FOR INTEGRATED CARE

Mach7 recognized for its’ patient-centric design, proven interoperability, functional flexibility, and collaborative customer approach.

 

BURLINGTON, Vt., June 8 (Bernama-BUSINESS WIRE) -- Mach7 Technologies (ASX:M7T), a global provider of enterprise imaging solutions, today announced it has been named a Leader in the IDC MarketScape: U.S. Healthcare Provider VNA/AICA Unstructured Data Platforms for Integrated Care 2016 Vendor Assessment (doc # US41287215, May 2016).

This study focuses on Vendor Neutral and Application-Independent Clinical Archive (VNA and AICA) platforms that allow providers to manage and provide access to disparate types of unstructured content among multiple departments, across the entire integrated delivery network (IDN), and between affiliated providers in the community. 

http://mrem.bernama.com/viewsm.php?idm=26957

PARAMOUNT GROUP UNVEILS NEW GENERATION ARMOURED VEHICLE FOR THE GLOBAL DEFENCE MARKET

Mbombe armoured vehicle showcases world-class technologies from leading African defence group

JOHANNESBURG, South Africa, June 9 (Bernama-GLOBE NEWSWIRE) --Paramount Group (www.ParamountGroup.com), the African-based global defence and aerospace company, unveiled a new generation 8x8 (eight wheeled) armoured vehicle in Astana, during the annual Kazakhstan Defence Exhibition. The technologically superior Mbombe 8 infantry combat vehicle represents the pinnacle of land system innovation; it was designed to meet the world-wide demand for sophisticated and affordable military equipment that provides unrivalled protection for land forces personnel, in an era of unprecedented asymmetrical threats and conflict. 

http://mrem.bernama.com/viewsm.php?idm=26969

MOCA ENTERS BROADBAND ACCESS MARKET

ANGA, COLOGNE, Germany and SAN RAMON, Calif., June 9 (Bernama-GLOBE NEWSWIRE) -- MoCA® is developing a specification targeting multiple dwelling units (MDUs) called MoCA Access™.  The specification will be based on the current MoCA 2.0 standard which is capable of 1 Gbps net throughputs.

 
“Our move into access applications is driven by operators worldwide who told us they need one Gbps actual throughputs with a long-term migration path and want to use the existing coax infrastructure,” said Charles Cerino, president of MoCA. “Our performance and reliability attributes are proving to be a great solution in broadband applications as well as the home network backbone.”

http://mrem.bernama.com/viewsm.php?idm=26966

APTEAN EXPANDS EXPERTISE TO PUBLIC SECTOR MARKET WITH THE ACQUISITION OF ADVANCED PUBLIC SAFETY

ALPHARETTA, Ga., June 9 (Bernama-GLOBE NEWSWIRE) -- Aptean, a leading provider of mission critical enterprise software solutions, announced today the acquisition of Advanced Public Safety Inc. (APS), a business of Trimble (NASDAQ:TRMB), which provides software solutions that increase safety and productivity for law enforcement and public safety agencies across the United States.

 
“The acquisition of APS brings Aptean new opportunities to expand in the public sector space,” said Kim Eaton, Aptean CEO. “The electronic citation software APS provides to the law enforcement community is a good strategic fit with our portfolio of vertically-focused mission critical enterprise software solutions. We look forward to supporting the growth of APS through Aptean’s experience in bringing relevant and trusted technology solutions to our customers across the globe.”

http://mrem.bernama.com/viewsm.php?idm=26963

A.M. BEST AFFIRMS RATINGS OF WING LUNG INSURANCE COMPANY LIMITED

HONG KONG, June 9 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Wing Lung Insurance Company Limited (WLI) (Hong Kong). The outlook for each rating remains stable.

 
The rating affirmations reflect WLI’s strong risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), favorable operating results and adequate reinsurance protection.
 
WLI’s capital and surplus strengthened to HKD 945 million (USD 122 million) at year-end 2015, representing a year-on-year increase of 13.5% and five-year compound average growth of 16.5% per annum. This capital improvement is due to full profit retention over the past few years. Despite intense competition in Hong Kong’s employees’ compensation and motor lines segments, which are WLI’s key business lines, the company has maintained pricing discipline and delivered positive and improving underwriting results since 2010. WLI also has achieved stable investment income from its diversified investment portfolio.

http://mrem.bernama.com/viewsm.php?idm=26962

​MENARINI GROUP AND MSD EXTENDS GLOBAL PARTNERSHIP TO THE ASIA-PACIFIC REGION

SINGAPORE, June 9 (Bernama-BUSINESS WIRE) -- Singapore-based A. Menarini Asia-Pacific Holdings Pte Ltd (“Menarini Asia-Pacific”) and MSD have embarked on a multi-year partnership for Menarini Asia-Pacific to assume the sales, marketing and distribution of a number of MSD’s pharmaceutical brands in Asia-Pacific since January 2016.
 
The partnership involves six (6) countries, namely Malaysia, Singapore, Philippines, Hong Kong, Brunei and Macao with annual sales in excess of USD70 million¹ that could potentially extend to other key Asia-Pacific markets. The partnership covers a portfolio of highly recognized brands among physicians and patients, ranging from Cardiology, Respiratory and Women’s Health to Central Nervous System and Dermatology. Prior to this agreement, Menarini and MSD had already developed similar partnerships in several other markets in Europe.

http://mrem.bernama.com/viewsm.php?idm=26970