Concord Group

AM Best Affirms Credit Ratings of Atlantic Casualty Insurance Company and Certain Affiliates and Subsidiaries; Revises Outlooks to Negative for Members of Auto-Owners Insurance Group

Retrieved on: 
Friday, October 27, 2023

AM Best has affirmed the Financial Strength Rating (FSR of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR of “aa-” (Superior) of Atlantic Casualty Insurance Company (Atlantic Casualty) (Goldsboro, NC).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR of “aa-” (Superior) of Atlantic Casualty Insurance Company (Atlantic Casualty) (Goldsboro, NC).
  • AM Best also has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of Auto-Owners Specialty Insurance Company (AOSIC) (Dover, DE).
  • As a surplus lines carrier, Atlantic Casualty offers innovative products that add diversity to the organization’s overall book of business.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

MountainWest Real Estate Begins Negotiations With City of Chula Vista and Metropolitan Transportation System to Develop Bayview Point in Chula Vista, CA

Retrieved on: 
Wednesday, December 28, 2022

CHULA VISTA, Calif., Dec. 28, 2022 (GLOBE NEWSWIRE) -- MountainWest Real Estate received approval from The City of Chula Vista, California, and Metropolitan Transportation System (MTS) to begin negotiations for the proposed Bayview Point, a mixed-use mobility hub development located on a 10-acre site between 707 F Street and 750 E Street in Chula Vista, California.

Key Points: 
  • CHULA VISTA, Calif., Dec. 28, 2022 (GLOBE NEWSWIRE) -- MountainWest Real Estate received approval from The City of Chula Vista, California, and Metropolitan Transportation System (MTS) to begin negotiations for the proposed Bayview Point, a mixed-use mobility hub development located on a 10-acre site between 707 F Street and 750 E Street in Chula Vista, California.
  • The MountainWest Real Estate development team includes Chelsea Investment Corporation, Campus Architect — Tucker Sadler Architects, The Concord Group, Kimley-Horn, Wimmer Yamada & Caughey and Andrea Trapp — Creative Director that will work alongside MountainWest on the negotiations with The City of Chula Vista and Metropolitan Transit System.
  • Bayview Point includes luxury residential towers, affordable housing, five-star hotel and restaurants, retail, fitness center, medical office, outdoor public-use spaces and transportation programming.
  • Tucker Sadler Architects' design concept for Bayview Point weaves the fabric of Chula Vista South Bay and San Diego by connecting and integrating rather than setting itself apart as an isolated place.

Issuance of Shares and Unlisted Warrants to GCL Technology Chairman Zhu Gongshan was Formally Approved at HG Semiconductor's Extraordinary General Meeting

Retrieved on: 
Tuesday, December 13, 2022

Pursuant to the Investment Agreement, the Group has agreed to allot and issue, and Mr. Zhu has agreed to subscribe for 60 million subscription shares ("Shares Subscription") and 60 million warrants ("Warrants Subscription").

Key Points: 
  • Pursuant to the Investment Agreement, the Group has agreed to allot and issue, and Mr. Zhu has agreed to subscribe for 60 million subscription shares ("Shares Subscription") and 60 million warrants ("Warrants Subscription").
  • The subscription shares and warrant shares shall be subject to a lock-up period of 18 months commencing on the date of issuance during which cannot be sold or transferred.
  • The subscription is a testament to Mr. Zhu's confidence in the prospects of HG Semiconductor.
  • The management of HG Semiconductor is honored to introduce Mr. Zhu Gongshan as a major strategic shareholder of the Group.

AM Best Affirms Credit Ratings of Auto-Owners Insurance Company and Subsidiaries

Retrieved on: 
Friday, December 2, 2022

Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICR of aa- (Superior) of Atlantic Casualty Insurance Company (Atlantic Casualty) (Goldsboro, NC).

Key Points: 
  • Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICR of aa- (Superior) of Atlantic Casualty Insurance Company (Atlantic Casualty) (Goldsboro, NC).
  • AM Best also has affirmed the FSR of A- (Excellent) and the Long-Term ICR of a- (Excellent) of Auto-Owners Specialty Insurance Company (AOSIC) (Dover, DE).
  • 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 Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

ZCG Consulting Expands Bench of Consultants

Retrieved on: 
Tuesday, October 25, 2022

ZCG Consulting (ZCGC), the business consulting platform of ZCG and a resultsoriented management consulting firm for middle market businesses, today announced the hiring of three Partners:

Key Points: 
  • ZCG Consulting (ZCGC), the business consulting platform of ZCG and a resultsoriented management consulting firm for middle market businesses, today announced the hiring of three Partners:
    Stephanie Banyas has joined ZCGC as a Partner, Food & Beverage, bringing more than 30 years of experience in food and beverage operations.
  • ZCG Consulting (ZCGC) is the business consulting platform of ZCG and is a resultsoriented management consulting firm for middle market businesses.
  • ZCG is a leading, privately held merchant bank comprised of private markets asset management, business consulting services, technology development and solutions.
  • For almost 30 years, ZCG Principals have invested approximately $26 billion and have industry leading track records in private equity and credit.

GCL SI to Supply 71MW Solar Modules in Brazil

Retrieved on: 
Thursday, March 24, 2022

GCL SI will supply 71MW solar modules for this project.

Key Points: 
  • GCL SI will supply 71MW solar modules for this project.
  • To boost the strategic development of its PV business, GCL SI will continue to advance the distribution of its high-efficiency products.
  • GCL System Integration Technology Co., Ltd. (002506.SZ) (GCL SI), is part of the GOLDEN CONCORD Group (GCL).
  • GCL SI delivers a one-stop, cutting-edge, integrated energy system and is committed to becoming the world's leading solar energy company.

GCL SI to Supply 71MW Solar Modules in Brazil

Retrieved on: 
Thursday, March 24, 2022

GCL SI will supply 71MW solar modules for this project.

Key Points: 
  • GCL SI will supply 71MW solar modules for this project.
  • To boost the strategic development of its PV business, GCL SI will continue to advance the distribution of its high-efficiency products.
  • GCL System Integration Technology Co., Ltd. (002506.SZ) (GCL SI), is part of the GOLDEN CONCORD Group (GCL).
  • GCL SI delivers a one-stop, cutting-edge, integrated energy system and is committed to becoming the world's leading solar energy company.

INNIO Signs Agreement with Concord Group of Companies to Develop Four Biogas Power Plants, Supporting Malaysian Decarbonization Efforts

Retrieved on: 
Tuesday, February 22, 2022

The project emphasizes Malaysias efforts to achieve its COP26 commitments in moving away from fossil fuels and increasing renewable energy projects.

Key Points: 
  • The project emphasizes Malaysias efforts to achieve its COP26 commitments in moving away from fossil fuels and increasing renewable energy projects.
  • The power plants, built in various parts of Malaysia, will deliver sustainable power to the grid while capturing methane.
  • Each plant is expected to operate two INNIO Jenbacher high-efficiency biogas engines, collectively delivering more than 8 MW of power to the grid.
  • We are pleased to partner with the Concord Group to provide technology that helps Malaysia meet its climate goals.

AM Best Upgrades Credit Ratings of Atlantic Casualty Insurance Company; Affirms Credit Ratings of Auto-Owners Insurance Company and Most Subsidiaries

Retrieved on: 
Thursday, December 9, 2021

The outlook of these Credit Ratings (ratings) has been revised to stable from positive.

Key Points: 
  • The outlook of these Credit Ratings (ratings) has been revised to stable from positive.
  • AM Best has also affirmed the FSR of A- (Excellent) and the Long-Term ICR of a- (Excellent) of Auto-Owners Specialty Insurance Company (AOSIC) (Dover, DE).
  • For additional information regarding the use and limitations of Credit Rating
    opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.