Continental

AM Best Downgrades Credit Ratings of California Insurance Company and Its Affiliates; Revises Under Review Status to Developing Implications

Retrieved on: 
Tuesday, January 10, 2023

AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a-” (Excellent) from “a” (Excellent) of California Insurance Company (Foster City, CA), Continental Indemnity Company, Illinois Insurance Company, Texas Insurance Company (Dallas, TX), Pennsylvania Insurance Company, Oklahoma Property and Casualty Insurance Company (Oklahoma City, OK) and Florida Casualty Insurance Company (Sarasota, FL).

Key Points: 
  • AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a-” (Excellent) from “a” (Excellent) of California Insurance Company (Foster City, CA), Continental Indemnity Company, Illinois Insurance Company, Texas Insurance Company (Dallas, TX), Pennsylvania Insurance Company, Oklahoma Property and Casualty Insurance Company (Oklahoma City, OK) and Florida Casualty Insurance Company (Sarasota, FL).
  • Concurrently, AM Best has maintained the under review status on these Credit Ratings (ratings) and revised the implication status to developing from negative.
  • At the time of the withdrawal, these ratings were under review with negative implications.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

Americas Fleet Management Market Report 2022: The Top-10 FM Providers Together Account for 50% of the Market - ResearchAndMarkets.com

Retrieved on: 
Tuesday, January 10, 2023

How will the market for fleet management systems for commercial vehicles in the Americas evolve in 2023 and beyond?

Key Points: 
  • How will the market for fleet management systems for commercial vehicles in the Americas evolve in 2023 and beyond?
  • According to the report, the number of active fleet management systems deployed in commercial vehicle fleets in North America was 13.7 million in Q4-2021.
  • There are now more than 30 players with installed bases of at least 100,000 active fleet management units in the Americas.
  • "Geotab and Verizon Connect are the leading fleet telematics providers in the Americas", said Rickard Andersson, Principal Analyst.

Amrish T. Patel, MD, is recognized by Continental Who's Who

Retrieved on: 
Thursday, January 12, 2023

MARIETTA, Ga., Jan. 12, 2023 /PRNewswire/ -- Amrish T. Patel, MD, is being recognized by Continental Who's Who as a Top Pinnacle Professional as an orthopedic surgeon specializing in hand and upper extremity surgery.

Key Points: 
  • MARIETTA, Ga., Jan. 12, 2023 /PRNewswire/ -- Amrish T. Patel, MD, is being recognized by Continental Who's Who as a Top Pinnacle Professional as an orthopedic surgeon specializing in hand and upper extremity surgery.
  • He moved to Houston and earned his Bachelor of Science degree in mechanical engineering from Rice University.
  • Dr. Patel is a member of the American Academy of Orthopedic Surgery and the American Society for Surgery of the Hand.
  • The doctor would like to acknowledge his mentors: Daniel Mass, MD, and the owner of this practice, Viral Kumar Patel, MD.

Paul McGarry is recognized by Continental Who's Who

Retrieved on: 
Thursday, January 12, 2023

ST. GEORGE, Utah, Jan. 12, 2023 /PRNewswire/ -- Paul McGarry is being recognized by Continental Who's Who as a Distinguished Healthcare Professional for his contributions to the mental healthcare field.

Key Points: 
  • ST. GEORGE, Utah, Jan. 12, 2023 /PRNewswire/ -- Paul McGarry is being recognized by Continental Who's Who as a Distinguished Healthcare Professional for his contributions to the mental healthcare field.
  • Mr. McGarry entered the mental health field as a psychiatric aide at the Utah State Hospital while completing his undergraduate degree in psychology at Brigham Young University.
  • Mr. McGarry worked towards a Master of Social Work at the University of Utah while serving at the Odyssey Adolescent Facility.
  • He was asked by the Northern Utah Regional Director of the Division of Youth Corrections to apply to work for the Observation and Assessment Program.

Broad Capital Acquisition Corp Announces Charter and Trust Agreement Amendments and Extension of Deadline to Complete a Business Combination to February 13, 2023

Retrieved on: 
Tuesday, January 17, 2023

Prior to the amendments, BRAC could obtain up to two 3-month extensions by depositing $1,015,906.90 for each extension into its Trust Account by the deadline applicable prior to the extension.

Key Points: 
  • Prior to the amendments, BRAC could obtain up to two 3-month extensions by depositing $1,015,906.90 for each extension into its Trust Account by the deadline applicable prior to the extension.
  • The amendments allow BRAC to instead obtain up to nine 1-month extensions by depositing $0.0625 per outstanding public share into the Trust Account by the deadline applicable prior to the extension.
  • The Charter Amendment triggered a right of BRAC’s public stockholders to demand the redemption of their public shares out of funds held in the Trust Account.
  • The Charter Amendment, Trust Agreement Amendment, and the first extension described above will provide BRAC with additional time to complete a business combination.

Ambassador Supply Acquires Continental Carpentry Components Company

Retrieved on: 
Thursday, December 22, 2022

Fort Wayne, Indiana--(Newsfile Corp. - December 21, 2022) - On December 16, 2022, Ambassador Supply announced the acquisition of Continental Carpentry Components based in Wanatah, IN and respected across the entire industry.

Key Points: 
  • Fort Wayne, Indiana--(Newsfile Corp. - December 21, 2022) - On December 16, 2022, Ambassador Supply announced the acquisition of Continental Carpentry Components based in Wanatah, IN and respected across the entire industry.
  • Ambassador Supply is honored to welcome Continental into the Ambassador Supply family as the company continues its dedication to quality that brought them to be a leader in prefabricated engineered components.
  • With the assistance of Ambassador Supply leadership, Continental Components will maintain their current employees including 75+ associates in Wanatah, IN.
  • For more information about Ambassador Supply, visit https://www.ambassadorsupply.com/
    Ambassador Supply looks forward to continued relationships with existing customers and to working with new customers.

EQS-News: PREOS Global Office Real Estate & Technology AG: Leasing success at LES3 in Eschborn

Retrieved on: 
Sunday, January 22, 2023

PREOS Global Office Real Estate & Technology AG: Leasing success at LES3 in Eschborn

Key Points: 
  • PREOS Global Office Real Estate & Technology AG: Leasing success at LES3 in Eschborn
    The issuer is solely responsible for the content of this announcement.
  • PREOS Global Office Real Estate & Technology AG: Leasing success at LES3 in Eschborn
    Frankfurt/Main, 20 December 2022 – Leasing success for PREOS Global Office Real Estate & Technology AG ("PREOS", ISIN DE000A2LQ850): The telecommunications company Cisco Systems and the automotive supplier Continental have extended their existing leases at the PREOS existing property LES3 in Eschborn just outside Frankfurt am Main.
  • The LES3 office property in Eschborn is fully leased and has been in the PREOS portfolio since 2020.
  • The double leasing success shows that the demand for high-class real estate in very good locations remains unabatedly high."

EQS-News: publity AG achieves leasing success for LES3 office property in Eschborn

Retrieved on: 
Sunday, January 22, 2023

Frankfurt/Main, 20 December 2022 – As asset manager, publity AG ("publity", ISIN DE0006972508) has achieved leasing successes in the LES3 office property it manages in Eschborn near Frankfurt am Main.

Key Points: 
  • Frankfurt/Main, 20 December 2022 – As asset manager, publity AG ("publity", ISIN DE0006972508) has achieved leasing successes in the LES3 office property it manages in Eschborn near Frankfurt am Main.
  • The automotive supplier Continental and the telecommunications company Cisco Systems have extended their leases in LES3, which is part of the existing portfolio of publity subsidiary PREOS Global Office Real Estate & Technology AG ("PREOS", ISIN DE000A2LQ850).
  • Continental has leased 9,000 square meters of space in LES3 and extended its lease until October 2026.
  • Frank Schneider, CEO of publity: "The leasing successes illustrate our active work as an asset manager with our real estate portfolio.

Gauzy Ltd. Displays its Expanded Product Portfolio for Automotive, Mass Transit and Building Spaces and Announces New Collaborations and Product Debuts at the Largest Tech Show of the Year

Retrieved on: 
Wednesday, January 4, 2023

Gauzy will be debuting their expanded capabilities and product offering for the first time in North America following Gauzy’s acquisition of France-based Vision Systems and Safety Tech.

Key Points: 
  • Gauzy will be debuting their expanded capabilities and product offering for the first time in North America following Gauzy’s acquisition of France-based Vision Systems and Safety Tech.
  • Gauzy’s diverse technologies focused on material sciences transform the way people interact with environments in everyday life while also contributing to safer, more comfortable, and more sustainable spaces.
  • Gauzy benefits from the support of strategic investors such as Hyundai, and is purposefully aligned with automotive customers across market segments.
  • This is the first year that Gauzy has exhibited in the CES Automotive hall, reflecting Gauzy’s focus and successful product introductions for the passenger vehicle and mass transit markets.

SportsTek Acquisition Corp. Announces Termination of Letter of Intent and Liquidation

Retrieved on: 
Friday, December 23, 2022

The proceeds of the trust account will be held in a non-interest bearing account while awaiting disbursement to the holders of the Public Shares.

Key Points: 
  • The proceeds of the trust account will be held in a non-interest bearing account while awaiting disbursement to the holders of the Public Shares.
  • The redemption of the Public Shares is expected to be completed on or around December 27, 2022.
  • The Company expects to file a Current Report on Form 8-K to announce such information as soon as possible.
  • There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless.