GWP | Jotup

AM Best Affirms Credit Ratings of Qatar Insurance Company Q.S.P.C. and Its Subsidiary

Retrieved on:

Thursday, December 21, 2023

Other Professional Services, Professional Services, Insurance, Syndicate, Risk, ERM, Credit, AM Best, GWP, Lloyd's of London, News, Growth, ALL, Gulf Cooperation Council, QIC, Buffer

The group is geographically well-diversified, with insurance operations in the Middle East and multi-channel international platforms under the Antares Global brand, including a Bermuda-domiciled reinsurer (Antares Re), a Lloyd's platform (Syndicate 1274) and carriers in Europe. The business mix has been volatile in recent years, with a growing focus on motor insurance, which reached 56% of consolidated gross written premium (GWP) in 2021. However, QIC's announcement stating its intention to divest from its Gibraltar-based carriers -- which largely write U.K. motor -- has halted this growth and resulted in a decline of motor premium to 50% of 2022 consolidated GWP, a trend that AM Best expects to continue over the medium term.

Key Points:

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Qatar Insurance Company Q.S.P.C.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Affirms Credit Ratings of Santa Lucía S.A. Compañía de Seguros y Reaseguros

Retrieved on:

Thursday, December 21, 2023

Insurance, Professional Services, Policy, Credit, AM Best, GWP, News, Growth, EUR, Risk management, ALL, Environment

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Santa Lucía S.A. Compañía de Seguros y Reaseguros (Santalucía) (Spain).

Key Points:

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Santa Lucía S.A. Compañía de Seguros y Reaseguros (Santalucía) (Spain).
The outlook of these Credit Ratings (ratings) is stable.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

CarbiCrete Concrete Products Meet or Exceed ASTM C90 Performance Requirements According to Third-Party

Retrieved on:

Wednesday, December 20, 2023

Lafarge (company), ASTM International, EllisDon, Sustainability, GWP, Built environment, Climate, Compressive strength, Cmus, Carbon dioxide, CMU, Carbon, CO2, Alexander Dennis, Environment

Reducing embodied carbon in the built environment does not require any compromise on performance, says the company's CEO

Key Points:

Reducing embodied carbon in the built environment does not require any compromise on performance, says the company's CEO
MONTREAL, Dec. 20, 2023 /PRNewswire/ - CarbiCrete, a leading firm in the decarbonization of concrete, announced today that it has received third-party validation that the products generated through its technology meet or exceed ASTM C90 performance requirements for concrete masonry units (CMUs).
The testing was conducted by CTL Group , the industry's leading expert in structures and materials, using ASTM C90, the most widely-referenced standard for specifying CMUs in North America, published by ASTM International.
The standards for quality performance contain minimum requirements for items such as compressive strength, permissible variations in dimensions, and finish and appearance criteria.
Additionally, CarbiCrete's concrete products are cured with carbon dioxide, which is mineralized and permanently removed from the atmosphere.

Huize Reports Third Quarter 2023 Unaudited Financial Results

Retrieved on:

Friday, November 17, 2023

Acquisition, Share repurchase, PIN, Insurance, Depreciation, Research, GWP, Retirement, FYP, Cryptocurrency, Video game, Bank, Huize County

SHENZHEN, China, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced its unaudited financial results for the third quarter ended September 30, 2023.

Key Points:

SHENZHEN, China, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced its unaudited financial results for the third quarter ended September 30, 2023.
Net profit in the third quarter of 2023 was RMB20.2 million (US$2.8 million) and non-GAAP net profit was RMB18.5 million, marking the fourth consecutive quarter of profitability.
Operating costs were RMB189.3 million (US$25.9 million) in the third quarter of 2023, a decrease of 23.9% from RMB248.7 million in the same period of 2022.
The Company’s management team will hold an earnings conference call at 7:00 A.M. Eastern Time on Friday, November 17, 2023 (8:00 P.M. Beijing/Hong Kong Time on Friday, November 17, 2023).

Global Smart Grid Strategic Business Report 2023: A $173 Billion Industry by 2030 - U.S. Market is Estimated at $17 Billion, While China is Forecast to Grow at 19.4% CAGR - ResearchAndMarkets.com

Retrieved on:

Tuesday, December 5, 2023

Other Energy, IOT (Internet of Things), Utilities, Technology, Oil, Gas, Energy, Software, Energy industry, Pandemic, Renewable energy industry, Post, Investment, COVID-19, Region, GWP, Kilowatt-hour, Electricity, Renewable energy

Projected Global Demand for Electricity (MWh): 2015, 2025 & 2035

Key Points:

Projected Global Demand for Electricity (MWh): 2015, 2025 & 2035
Focus on Reshaping City Resilience to Future Pandemics & Crisis Will Spur Rejuvenated Spending on Smart City Projects in the Post COVID-19 Period, Providing a Goldmine of Opportunities for Smart Grid: Global Smart City Spending (In US$ Billion) for the Years 2021, 2024 & 2027
Global Market for Smart Electricity Meters (In US$ Million) for the Years 2020, 2022, 2024, 2027 by Geographic Region/Country
Growing Demand for EVs Brings Good News for Smart Grid: Global EV Sales (In 000 Units) by Region for the Years 2021, 2023, 2025, & 2027
Annual Installed Capacity of Solar PV in GWp for the Years 2016, 2018, 2020 and 2022
Benefits of Embracing Renewables & Smart Grid are Glaringly Obvious, but Need Efforts to Overcome Issues
Global Value of IoT Investments in the Energy Industry (In US$ Billion) for the Years 2022, 2024, 2026, and 2028
Rising Expenditure on T&D Networks: A Challenge for Smart Grid Market
Current and Projected Global Investments into T&D Infrastructure (in $ Trillion) for 2010-2020, 2020-2030 and 2030-2040

Kindeva Drug Delivery and Orbia Fluorinated Solutions (Koura) Announce Collaboration for Low GWP Propellant Conversion

Retrieved on:

Tuesday, December 5, 2023

Kindeva Drug Delivery (Kindeva), a leading global contract development and manufacturing organization (CDMO) focused on drug-device combination products, and Orbia Advance Corporation , S.A.B.

Key Points:

Kindeva Drug Delivery (Kindeva), a leading global contract development and manufacturing organization (CDMO) focused on drug-device combination products, and Orbia Advance Corporation , S.A.B.
de C.V. (BMV: ORBIA*) Fluorinated Solutions business ( Koura ®), a global leader in the development, manufacture, and supply of fluoroproducts and technologies, announced today a co-development collaboration for the conversion from existing marketed pressurised Metered Dose Inhaler (pMDI) products to Koura’s more sustainable and environmentally-conscious medical propellant; HFA 152a, known as Zephex® 152a.
View the full release here: https://www.businesswire.com/news/home/20231205198764/en/
This strategic collaboration will focus on accelerating the conversion of existing marketed pMDI inhaler products to low global warming potential (GWP) pMDIs utilizing Koura’s Zephex 152a platform with the objective of reducing respiratory healthcare carbon emissions while safeguarding patient choice.
This partnership aims to facilitate conversion of pMDI products to the lower GWP propellent 152a and progressing them through clinical development.

AM Best Assigns Credit Ratings to Mongolian National Reinsurance JSC

Retrieved on:

Friday, December 1, 2023

AM Best has assigned the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) to Mongolian National Reinsurance JSC (Mongolian Re) (Mongolia).

Key Points:

AM Best has assigned the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) to Mongolian National Reinsurance JSC (Mongolian Re) (Mongolia).
Mongolian Re broadened its business scope in 2018 to include additional reinsurance lines of business such as property, motor, aviation, liability and personal accident.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Affirms Credit Ratings of Conduit Reinsurance Limited

Retrieved on:

Thursday, November 30, 2023

Banking, Professional Services, Insurance, Finance, Risk management, Credit, GWP, USD, AM Best, News, ALL, Reinsurance

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Conduit Reinsurance Limited (Conduit Re) (Bermuda).

Key Points:

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Conduit Reinsurance Limited (Conduit Re) (Bermuda).
The ratings reflect Conduit Re’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Chemours Establishes International F-gas Lifecycle Program to Advance Global Circularity

Retrieved on:

Tuesday, November 28, 2023

Other Manufacturing, Environment, Engineering, Chemicals, Plastics, Oil, Gas, Manufacturing, Alternative Energy, Sustainability, Energy, Learning, Chemours, Safety, TSS, Chemistry, GWP, Renewable energy

“We have committed to, and are advancing, significant emission reduction within our gates.

Key Points:

“We have committed to, and are advancing, significant emission reduction within our gates.
Now, we’re expanding our focus to emission reduction throughout the product lifecycle.
This international F-gas Lifecycle Program will help advance circularity and sustainability around the world, ultimately supporting global climate targets and minimizing impact on our shared planet.”
The company continues to invest in and expand reclaim channels, including in the U.S. and the recent extension of its EU and UK program to reclaim low GWP refrigerants.
If you are interested in learning more about this program or Chemours’ commitment to circularity, contact [email protected] or visit TheWorldNeedsF-gases.com or Opteon.com .

MAPEI’s Carbon-Neutral Product Family

Retrieved on:

Thursday, November 16, 2023

MAPEI Corporation, a leading manufacturer of construction materials for the building industry, announces our family of carbon-neutral products.

Key Points:

MAPEI Corporation, a leading manufacturer of construction materials for the building industry, announces our family of carbon-neutral products.
Now, specifiers, contractors and home owners can choose to use products that are fully offset throughout their entire life cycle.
View the full release here: https://www.businesswire.com/news/home/20231116821095/en/
MAPEI's carbon neutral family of products spans all product lines — not just commercial and residential mortars and grouts, but also materials for industry —providing specifiers, contractors, and homeowners with the opportunity to use products that are fully carbon offset.
“These enhanced products with optimized formulas are the result of that ongoing innovative drive and join our larger initiative to reduce our carbon footprint.”
For more information on MAPEI’s carbon-neutral family of products, visit www.mapei.com .