Dubaï, Émirats Arabes Unis -Lundi 20 Ao�t 2018 [ AETOS Wire ] (BUSINESS WIRE)-- International General Insurance Holdings Limited a publié aujourd'hui ses résultats pour le premier semestre de l’exercice 2018. IGI a dégagé un bénéfice net de 11.0 millions de dollars pour les six premiers mois de l’exercice 2018, par rapport à 14.8 millions de dollars l’an dernier avec une augmentation de 20% des primes émises brutes passées de 138.12 millions de dollars en juin 2017 à 165.87 millions de dollars. La croissance s'est produite dans tous les principaux secteurs d'activité d'IGI. La société a enregistré une hausse de 7% de ses bénéfices techniques bruts de 23.75 millions de dollars, principalement en raison de la croissance des primes acquises par rapport à l’année dernière, partiellement compensée par la hausse des sinistres nets liés principalement au renforcement d’IBNR. IGI affiche un ratio combiné de 91.3%, par rapport à 89.8% en juin 2017. « Nous sommes satisfaits des six premiers ... Read more »

Ocean Clean Up Pioneer Peeters looks Forward to Reviewing the World’s Best Ideas WASHINGTON -Monday 20 August 2018 [ AETOS Wire ] (BUSINESS WIRE)-- The Endowment for Clean Oceans (ECO) announced Willemijn Peeters, Ocean Ambassador of the Netherlands and the Founding Director of Searious Business has joined ECO’s Entrepreneur Committee that will vet contestants’ plans to remove macro and micro plastics from the world’s oceans. “I am working to solve the problem of what to do with the plastic once it is removed from the ocean, by helping to create a market for plastic recovered from the ocean,” said Peeters. “Just like we need to end the use of single use plastic, we need to replace the manufacture of virgin plastic and replace it with recycled plastics, and as much as possible needs to be plastic recovered from the ocean.” View source version on businesswire.com: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=51849770&lang=en. Contacts The Endowment for Clean Oceans Daniel ... Read more »

DUBAI, United Arab Emirates -Monday 20 August 2018 [ AETOS Wire ] (BUSINESS WIRE)-- International General Insurance Holdings Limited today reported earnings for the first half of 2018. IGI reported a net profit of $11.0 million for the first six months of 2018, against $14.8 million last year and a 20% rise in gross premiums written from $138.12 million in June 2017 to $165.87 million. Growth occurred across all IGI’s major lines of business. The Company posted a 7% rise in gross underwriting profits of $23.75 million, mainly due to growth in gross earned premium from last year, partially offset by increase in net claims incurred primarily due to strengthening of IBNR. IGI posted a combined ratio of 91.3%, compared to 89.8% in June 2017. “We are pleased with the first six months of the year and we continue to remain optimistic that barring major catastrophes as occurred in the third Quarter of 2017, we should be able to deliver our planned results for 2018,” said Mr. Wasef Jabsheh ... Read more »

10 percent of people over the age of 70 may need a pacemaker implanted in their chest to improve their heart function and living condition Dubai, United Arab Emirates-Wednesday 15 August 2018 [ AETOS Wire ] If you meet 70-year-old Maria, a Nigerian national, you’d never know she has a dual chamber pacemaker to keep her heart beating well. Full of life and vigour, Maria came to the UAE to treat her atrioventricular (AV) block. An AV block is a serious heart condition where the heart beats irregularly and much slower than usual. It can cause loss of consciousness or complete collapse. Patients with this condition need to have a pacemaker - a small device that rests inside your upper chest and connects to your heart with special wires where it operates steadily and silently. As such, when doctors in her home country advised Maria for an implant, she knew that this procedure required the services of an expert. Without wasting any time, she decided to travel to the UAE and approached Emi ... Read more »

Results of RE-DUAL PCI™ and GLORIA™-AF have led to updates of the EU Summary of Product Characteristics (SmPC) for Pradaxa® INGELHEIM, Germany -Monday 20 August 2018 [ AETOS Wire ] Nine sub-analyses from RE-DUAL PCI™ and GLORIA™-AF accepted for presentation at ESC Congress 2018 Data from both studies have led to positive update of the SmPC for Pradaxa® in the EU (BUSINESS WIRE)-- Boehringer Ingelheim today announced that it will present nine sub-analyses from the RE-DUAL PCITM trial and GLORIATM-AF Registry Program at the upcoming ESC Congress 2018, organised by the European Society of Cardiology, taking place in Munich, Germany on the 25-29 August 2018. The primary data from these studies have contributed to a positive label update for dabigatran etexilate (Pradaxa®) in the European Union (EU). The primary RE-DUAL PCITM trial investigated anticoagulation in patients with non-valvular atrial fibrillation (AF) following percutaneous coronary intervention (PCI) and stent placemen ... Read more »

LONDON-Wednesday 15 August 2018 [ AETOS Wire ] (BUSINESS WIRE)-- As competitive market conditions create significant underwriting losses in the (re)takaful sector, many operators based in the Middle East and North Africa (MENA) region have become dependent on the Qard’ Hasan, according to a new briefing by A.M. Best. However, the report, titled, “Takaful Trends; Breaking the Reliance on the Qard’ Hasan,” states the continued dependence on this interest-free loan, which is provided by the shareholders to cover any deficit in the policyholders’ fund, does not provide enough incentive to operators to manage their companies in the best interest of policyholders and shareholders. A.M. Best considers it can to lead to an uneven distribution of profits and increasing policyholder deficits. The overreliance on the Qard to fund continued policyholder deficits has led to the so-called Perpetual Qard Syndrome. Salman Siddiqui, associate director, said: “The need for the Qard can arise from a v ... Read more »

Gravity Supply Chain launches partnership with Microsoft to accelerate the digital transformation of the supply chain for retailers and manufacturers through its SaaS solutions SINGAPORE -Tuesday 21 August 2018 [ AETOS Wire ] (BUSINESS WIRE)-- Gravity Supply Chain today announced a partnership with Microsoft enabling it to accelerate the delivery of its Software-as-a-Service (SaaS) solutions. Gravity provides organizations with real-time, end-to-end visibility of the supply chain. Its software also provides predictive insights, prescriptive actions and automated decision support across a company’s global sourcing, supply chain and logistics networks. Gravity will leverage Microsoft’s Azure cloud platform to continue the deployment of market-leading, differentiated SaaS solutions for its customers at a faster pace. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180817005448/en/ “Our software supports the digitization o ... Read more »

ABB’s global leadership in fast charging solutions for electric vehicles leads Fortune magazine to rank it #8 among top companies that “help the planet and tackle social problems.” ZURICH -Wednesday 22 August 2018 [ AETOS Wire ] (BUSINESS WIRE)-- ABB has been named #8 in Fortune magazine’s “Change the World” rankings for the company’s efforts to speed up adoption of clean-energy electric transportation. The list, Fortune said, honors companies that “have had a positive social impact through activities that are part of their core business strategy.” In naming ABB to the top 10 in its fourth annual ranking, Fortune placed the company among a prestigious group. Other honorees included the drug maker Merck, for use of its life-saving vaccine against the Ebola virus this year in the Democratic Republic of the Congo. Fortune also lauded Reliance Jo, a telecommunications provider for providing the “digital oxygen” of smartphones and broadband to more than 200 million subscribers in India ... Read more »

SEOUL, South Korea -Tuesday 21 August 2018 [ AETOS Wire ] (BUSINESS WIRE)-- LG Chem (KRX:051910), supplier of the full line of NanoH2OTM reverse osmosis (RO) membranes, announced that it has been recently awarded three contracts to supply Brackish Water (BW) RO membranes to major utilities in the U.S. In August 2018, LG Chem was awarded a contract to supply replacement membranes to the Silicon Valley Advanced Water Purification Center, the largest plant of its kind in northern California and the focal point of the Santa Clara Valley Water District’s recycled water expansion. LG Chem will supply energy saving BW ES membranes to the 8 MGD (30,280 m3/day) facility. In addition following more than 18 months of trial, in June, LG Chem was awarded a contract to supply 3,170 energy saving BW ES elements to the Ground Water Replenishment System in the Orange County Water District. GWRS is the world’s largest indirect potable reuse facility with a total capacity of 100 MGD (378.5 MLD). In Ap ... Read more »