New Spain

AM Best Revises Outlooks to Stable for Humana Inc. and Its Subsidiaries

Tuesday, May 4, 2021 - 10:08pm

Concurrently, AM Best has revised the outlook to stable from positive and affirmed the Long-Term ICR of \xe2\x80\x9cbbb-\xe2\x80\x9d and the Long-Term Issue Credit Ratings (Long-Term IRs) of Humana.

Key Points: 
  • Concurrently, AM Best has revised the outlook to stable from positive and affirmed the Long-Term ICR of \xe2\x80\x9cbbb-\xe2\x80\x9d and the Long-Term Issue Credit Ratings (Long-Term IRs) of Humana.
  • AM Best also has affirmed the Short-Term Issue Credit Rating (Short-Term IR) of Humana.\nIn addition, AM Best has revised the outlooks to stable from negative and affirmed the FSR of B++ (Good) and the Long-Term ICRs of \xe2\x80\x9cbbb\xe2\x80\x9d of the following Humana subsidiaries: Humana Insurance of Puerto Rico, Inc. and Humana Health Plans of Puerto Rico, Inc.
  • These companies are domiciled in Puerto Rico and collectively are referred to as Humana Health of Puerto Rico Group.
  • AM Best notes that Humana does have a history of providing capital support to its subsidiaries when needed.

Puerto Rico Awards ICF $46 Million Disaster Recovery Contract

Monday, April 26, 2021 - 9:05pm

"Led by Puerto Ricans at every level, we remain wholly committed to partnering with COR3 on accelerating rebuilding efforts across the island.

Key Points: 
  • "Led by Puerto Ricans at every level, we remain wholly committed to partnering with COR3 on accelerating rebuilding efforts across the island.
  • In partnership with local experts and partners, the company has implemented mitigation and recovery efforts for over 100 U.S. state and local entities, following over 50 different disaster declarations, funded by multiple federal sources.
  • At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives.
  • Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future.

Puerto Rico is Encouraging Remote Workers to Work in Full Color from All Corners of the Island

Thursday, April 22, 2021 - 2:00pm

b'SAN JUAN, Puerto Rico, April 22, 2021 /PRNewswire/ -- Discover Puerto Rico , the Island\'s non-profit Destination Marketing Organization (DMO), announced today that it is offering remote workers a desk makeover as part of itsDeskover Puerto Ricoprogram.

Key Points: 
  • b'SAN JUAN, Puerto Rico, April 22, 2021 /PRNewswire/ -- Discover Puerto Rico , the Island\'s non-profit Destination Marketing Organization (DMO), announced today that it is offering remote workers a desk makeover as part of itsDeskover Puerto Ricoprogram.
  • From turquoise waves, emeraldhills, and electric-orange sunsets to its unique music, art, food, andhistory, Puerto Rico has a color palette like nowhere else.\nMany workers have been remote for over a year, with the trend likely to continue.
  • To fend off the work from home fatigue, "workations" are helping break up the monotony of the routine and benefit physical and mental health.
  • "\nUnlike many other destinations touting their compatibility for remote work, Puerto Rico requires no work visas, passports, or insurance requirements for U.S. citizens.

Assured Guaranty Achieves Agreement on Puerto Rico Clawback Credits and Continues Support of Revised Puerto Rico GO and PBA Plan Support Agreement

Tuesday, April 13, 2021 - 1:21am

b"Today, Assured Guaranty Ltd. (together with its subsidiaries, Assured Guaranty), announced that its subsidiaries Assured Guaranty Municipal Corp. (AGM) and Assured Guaranty Corp. (AGC) have achieved an agreement in principle with the Financial Oversight and Management Board for Puerto Rico on a framework to settle their insured exposure to Puerto Rico Highway and Transportation Authority and other Puerto Rico clawback credits (subject to definitive documentation) and that they continue to support the revised Puerto Rico General Obligation (GO) and Public Buildings Authority (PBA) Plan Support Agreement (GO and PBA PSA).

Key Points: 
  • b"Today, Assured Guaranty Ltd. (together with its subsidiaries, Assured Guaranty), announced that its subsidiaries Assured Guaranty Municipal Corp. (AGM) and Assured Guaranty Corp. (AGC) have achieved an agreement in principle with the Financial Oversight and Management Board for Puerto Rico on a framework to settle their insured exposure to Puerto Rico Highway and Transportation Authority and other Puerto Rico clawback credits (subject to definitive documentation) and that they continue to support the revised Puerto Rico General Obligation (GO) and Public Buildings Authority (PBA) Plan Support Agreement (GO and PBA PSA).
  • Assured Guaranty made the following statement:\n\xe2\x80\x9cAssured Guaranty has consistently supported a consensually negotiated and comprehensive approach to resolving Puerto Rico\xe2\x80\x99s current financial challenges.
  • Through its subsidiaries, Assured Guaranty provides credit enhancement products to the U.S. and international public finance, infrastructure and structured finance markets, and also provides asset management services.
  • Readers are cautioned not to place undue reliance on these forward-looking statements, which are made as of April 12, 2021.

Monllor Capital Partners LLC Launches Puerto Rico Opportunity Zone Fund, LP, a Tax Advantaged ESG Focused Private Equity Fund

Friday, April 9, 2021 - 8:05am

SAN JUAN, Puerto Rico, April 9, 2021 /PRNewswire-PRWeb/ -- Monllor Capital Partners LLC (MCP), a minority owned alternative asset management and advisory firm based in San Juan Puerto Rico, announced today that it is accepting commitments from accredited investors for the Puerto Rico Opportunity Zone Fund, LP (PROZ) a taxed-advantaged private equity fund focused on ESG investing in Puerto Rico Opportunity Zones.

Key Points: 
  • SAN JUAN, Puerto Rico, April 9, 2021 /PRNewswire-PRWeb/ -- Monllor Capital Partners LLC (MCP), a minority owned alternative asset management and advisory firm based in San Juan Puerto Rico, announced today that it is accepting commitments from accredited investors for the Puerto Rico Opportunity Zone Fund, LP (PROZ) a taxed-advantaged private equity fund focused on ESG investing in Puerto Rico Opportunity Zones.
  • As general partner, MCP organized the Puerto Rico Opportunity Zone Fund, LP, a qualified Opportunity Zone fund.
  • About Puerto Rico Opportunity Zone Fund, LP
    Puerto Rico Opportunity Zone Fund, LP (PROZ) is a tax-advantaged private equity fund focused on ESG investing in Puerto Rico.
  • By only investing in Puerto Rico Opportunity Zones, PROZ will allow Puerto Rico resident taxpayers to benefit from the Puerto Rico Opportunity Zone tax benefits.

Statistics of International Tourism to Dominican Republic Show the Country's Recovery

Thursday, April 8, 2021 - 3:45am

SANTO DOMINGO, Dominican Republic, April 7, 2021 /PRNewswire/ --The Ministry of Tourism of Dominican Republic (MITUR)revealed positive data regarding the recovery of international tourism to the Caribbean destination.

Key Points: 
  • SANTO DOMINGO, Dominican Republic, April 7, 2021 /PRNewswire/ --The Ministry of Tourism of Dominican Republic (MITUR)revealed positive data regarding the recovery of international tourism to the Caribbean destination.
  • "The March 2021 rebound in international tourism to Dominican Republic is a clear sign that our reactivation strategy is being successful.
  • With eight international airports and nine distinct ecological zones, it has never been more accessible or appealing to explore Dominican Republic.
  • To learn more and begin planning your trip, visit the Dominican Republic Ministry of Tourism's official website at https://www.godominicanrepublic.com/ .

HughesNet in Puerto Rico Expands to Serve Increased Demand for Broadband

Tuesday, April 6, 2021 - 1:03pm

The capacity increase on the existing Hughes 63 West satellite payload will enhance the customer experience for current HughesNet customers across Puerto Rico and enable Hughes to serve even more customers on the island with affordable, reliable Internet access.

Key Points: 
  • The capacity increase on the existing Hughes 63 West satellite payload will enhance the customer experience for current HughesNet customers across Puerto Rico and enable Hughes to serve even more customers on the island with affordable, reliable Internet access.
  • "Due to the pandemic and recent natural disasters, the people of Puerto Rico understand the value of being connected," said Peter Gulla, senior vice president, Hughes.
  • Hughes continuously innovates to better serve its customers and connect more people to the Internet, as evidenced by these latest capacity enhancements in Puerto Rico.
  • For more information about HughesNet in Puerto Rico, visit www.hughesnet.com/pr .

Discover Puerto Rico Shares Key Takeaways From Industry Leaders Following Virtual Panel On Lessons In Crisis And Recovery

Thursday, April 1, 2021 - 2:00pm

SAN JUAN, Puerto Rico, April 1, 2021 /PRNewswire/ -- Discover Puerto Rico , the Island's Destination Marketing Organization (DMO), held a virtual panel on "Lessons in Crisis and Recovery" yesterday, March 31, with local Puerto Rican journalist and broadcast personality, Armando Valds Prieto, moderating the discussion.

Key Points: 
  • SAN JUAN, Puerto Rico, April 1, 2021 /PRNewswire/ -- Discover Puerto Rico , the Island's Destination Marketing Organization (DMO), held a virtual panel on "Lessons in Crisis and Recovery" yesterday, March 31, with local Puerto Rican journalist and broadcast personality, Armando Valds Prieto, moderating the discussion.
  • Key themes shared by the panelists included the importance of crisis preparedness, with scenario planning as a critical tactic implemented by CLIA, Marriott International and Discover Puerto Rico.
  • The virtual panel recording will be available for public access on the Discover Puerto Rico YouTube and Industry Portal starting Friday, April 2.
  • Discover Puerto Rico is a newly established private, not for-profit Destination Marketing Organization (DMO) whose mission is to make Puerto Rico visible to the world as a premier travel destination.

Breaking the Shackles of History: Coro to Democratize Access to Gold in Puerto Rico

Tuesday, March 30, 2021 - 4:05pm

(OTCQB: CGLO) announced today that its subsidiary Coro Corp., was granted a U.S. Money Transmitter license in Puerto Rico.

Key Points: 
  • (OTCQB: CGLO) announced today that its subsidiary Coro Corp., was granted a U.S. Money Transmitter license in Puerto Rico.
  • Coro Global is a Florida-based fintech on a mission to support people in understanding the value of using gold as resilient money.
  • Coro democratizes access to gold aiming to lead towards better social cooperation and a more sustainable world.
  • The new license authorizes Coro to transmit currency, monetary value, or payment instruments within Puerto Rico, as well as from Puerto Rico to other jurisdictions.

Riiid Labs signs USD three million contract with Latin American education leaders Grupo INICIE and Casa Grande to deliver personalized AI-powered learning

Thursday, March 25, 2021 - 12:30pm

One partnership is with Grupo INICIE , one of the largest technology solutions providers for education in Brazil, and another is with Casa Grande , the largest education company in Colombia and Puerto Rico.

Key Points: 
  • One partnership is with Grupo INICIE , one of the largest technology solutions providers for education in Brazil, and another is with Casa Grande , the largest education company in Colombia and Puerto Rico.
  • Riiid, based in South Korea, continues to partner with global leaders in education to create better learning experiences in the fastest, most efficient way.
  • Riiid and Casa Grande, meanwhile, will also introduce a formative learning solution for Puerto Rico in the near future.
  • Riiid ( www.riiid.co ) is a global leader in AI solutions for education, backed by more than $70 million (USD) in funding.