SEOUL, South Korea & NEW YORK, May 29 (Bernama-BUSINESS WIRE) —Cyberwrite has partnered with Samsung Fire & Marine Insurance (SFMI) to strengthen the insurer’s cyber insurance capabilities. Following a comprehensive global evaluation by Samsung Financial C-Lab Outside, Cyberwrite was selected for its expertise in next-generation cyber catastrophe modeling, AI-driven real-time cyber underwriting analytics,…

DALLAS, May 29 (Bernama-BUSINESS WIRE) — Mary Kay Inc., a global advocate for furthering young women’s education and encouraging youth to follow their STEM dreams, returned for a second year as a Special Awards Organization at the Regeneron International Science and Engineering Fair (Regeneron ISEF) in Columbus, Ohio. Ten grants totaling…

SINGAPORE, May 29 (Bernama-BUSINESS WIRE) —AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to “bbb” (Good) from “bbb-” (Good) of Asian Reinsurance Corporation (Asian Re) (Thailand). The outlook of these Credit Ratings (ratings) has been revised to stable from…

SHAH ALAM, Selangor, May 28 (Bernama) — BAADER, a global leader in food processing and technology, today officially inaugurated its newest production facility, BAADER Food Systems Asia Sdn. Bhd., located in Shah Alam, Selangor. This momentous occasion marks a strategic milestone for BAADER, significantly expanding its operational footprint in Southeast Asia…

CHENGDU, China, May 29 (Bernama) — May 18 is International Museum Day. This year, a trend of “specialty swap” has swept into the world of cultural relics. Under the initiative of the Sichuan Provincial Cultural Heritage Administration, three major museums in Southwest China—Sanxingdui, Jinsha, and Luojiaba—have launched a cross-time-and-space “cultural relics…

VICTORIA, Seychelles, May 28 (Bernama-GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced the launch of BGUSD, a yield-bearing stable asset certificate designed to enhance capital efficiency and provide passive income opportunities for users worldwide. BGUSD is fully integrated into the platform’s trading and wealth management infrastructure,…

KUALA LUMPUR, May 28 (Bernama) — UnionPay International (“UPI”) and CIMB Bank Berhad (“CIMB”) have entered into a memorandum of understanding (“MoU”) to improve payment services in Malaysia. This strategic collaboration, will enhance the payment experience for UnionPay cardholders, particularly in high-frequency sectors such as retail, transportation, medical care, and e-commerce.…

HONG KONG, May 28 (Bernama-BUSINESS WIRE) — AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Peak Reinsurance North America Ltd. (Peak Re NA) (Bermuda). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Peak Re NA’s…

KUALA LUMPUR, MALAYSIA, May 28 (Bernama) — ACWA Power, the world’s largest private water desalination company, a leader in energy transition and first mover into green hydrogen, announced comprehensive partnerships with Malaysian government agencies and key entities at the sidelines of the ASEAN-GCC Summit. The centrepiece agreement, a Memorandum of Understanding…