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Malaysia’s Zhibao Labuan Reinsurance Credit Ratings Affirmed Good - AM Best

KUALA LUMPUR, Nov 7 (Bernama) -- AM Best has assigned a financial strength rating of B+ (Good) and a long-term issuer credit rating of “bbb-” (Good) to Malaysia’s Zhibao Labuan Reinsurance Company Limited (Zhibao Re).

Boyd To Sell Thermal Business To Eaton For US$9.5 Bln 

KUALA LUMPUR, Nov 4 (Bernama) -- Boyd Corporation (Boyd), a global innovator in engineered materials and thermal solutions, has signed a definitive agreement to sell its Thermal business to intelligent power management company Eaton for US$9.5 billion. (US$1=RM4.19)

AM Best Rates Delta’s Affiliates’ Performance Assessment Excellent

KUALA LUMPUR, Nov 3 (Bernama) -- Global credit rating agency, AM Best has affirmed the performance assessment (assessment) of PA-2 (Excellent) of Delta Insurance New Zealand Limited and Delta Underwriting Private Limited, Singapore.

TRM Labs, Singapore’s CSA To Boost Cyber Defences With AI-powered Blockchain Intelligence

KUALA LUMPUR, Oct 22 (Bernama) -- TRM Labs has signed a Memorandum of Collaboration (MOC) with Singapore’s Cyber Security Agency (CSA) to fortify national cyber resilience using artificial intelligence (AI)-driven blockchain intelligence—a move that comes as cyber threats increasingly involve decentralised digital assets.

Hologic To Be Acquired By Blackstone, TPG In US$18.3 Bln Deal

KUALA LUMPUR, Oct 22 (Bernama) -- Hologic Inc announced it has entered into a definitive agreement to be acquired by funds managed by Blackstone and TPG in a transaction valued at up to US$79 per share, representing an enterprise value of up to US$18.3 billion. (US$1=RM4.22)

Singapore's MS First Capital Insurance Credit Ratings Upgraded By AM Best

KUALA LUMPUR, Oct 8 (Bernama) -- AM Best has upgraded Singapore’s MS First Capital Insurance Ltd (MSFC) financial strength rating to A+ (Superior) from A (Excellent) and the long-term issuer credit rating to “aa-” (Superior) from “a+” (Excellent).

AM Best Assigns Excellent Ratings To Samsung P/C China

KUALA LUMPUR, Sept 29 (Bernama) -- AM Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a” (Excellent) to Samsung Property & Casualty Insurance Company (China) Ltd (Samsung P/C China). The outlook for both credit ratings (ratings) is stable.

ASEAN-Korea Ties Must Protect Regional Autonomy, Focus On Strategic Digital Resilience — Analyst

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 22 (Bernama) --  Southeast Asian economies and South Korea (ROK) must move their partnership beyond traditional economic indicators and focus on long-term strategic autonomy and digital resilience.

AM Best Affirms Top Ratings For Samsung Fire & Marine Insurance, Subsidiaries

KUALA LUMPUR, Sept 19 (Bernama) -- AM Best has affirmed the financial strength rating (FSR) of A++ (Superior) and the long-term issuer credit ratings (Long-Term ICR) of “aa+” (Superior) of South Korea’s Samsung Fire & Marine Insurance Co Ltd (SFM) and its subsidiaries in the United Kingdom, Vietnam and Singapore.

iHerb Marks 29 Years With Global Expansion, Biggest Sale Yet

KUALA LUMPUR, Aug 29 (Bernama) -- Global wellness online retailer, iHerb is celebrating its 29th anniversary this September with its biggest month-long sales event, highlighting its transformative growth from a California startup into a trusted global retailer serving customers globally.

Ascend Airways Malaysia Optimistic On ACMI Business With Operations Targeted For Mid-November

By Kisho Kumari Sucedaram

KUALA LUMPUR, Aug 28 (Bernama) — Ascend Airways Malaysia is confident of the prospects of its aircraft, crew, maintenance and insurance (ACMI) business, with operations targeted to commence by mid-November this year in line with rising demand and interest in Malaysia and the Asia-Pacific region.

Singapore Competition Watchdog Grants Conditional Nod To Malaysia Airlines-SIA Tie-up

SINGAPORE, July 7 (Bernama) -- The Competition and Consumer Commission of Singapore (CCCS) on Monday granted conditional approval for the proposed commercial cooperation between Singapore Airlines Ltd (SIA) and Malaysia Airlines Bhd.