HAMILTON, Bermuda-Tuesday 24 July 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- Rating agency S&P Global has reaffirmed the financial strength rating of A- with a stable outlook for International General Insurance (IGI), the global specialist commercial insurer and reinsurer.

IGI’s issuer credit and insurer financial strength ratings were reaffirmed by S&P, despite a catastrophe-heavy year in 2017, resulting in additional liability charges.

“S&P reaffirming our A- rating reflects the consistency of our underwriting strategy, strength of our balance sheet and high-calibre talent.” said Wasef Jabsheh, Chief Executive Officer of IGI. “Even in a cat-heavy 2017, IGI’s sound underwriting performance helped us to maintain continued profitability and capital adequacy.”

In its report, S&P said: “IGI’s sound underwriting performance continues as seen in its five-year average net combined ratio of 88% and a ... Read more »

KITAKAMI, Japan-Tuesday 24 July 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- Toshiba Memory Corporation, the world leader in memory solutions, today held a groundbreaking ceremony for the first semiconductor fabrication facility (fab), called K1, in Kitakami, Iwate prefecture, in northeastern Japan. On its completion in autumn 2019, the facility will be one of the most advanced manufacturing operations in the world, dedicated to production of 3D flash memory.

Toshiba Memory continues to advance technologies in flash memory. The company is now leading the way forward with advances in its BiCS FLASH™, its proprietary 3D flash memory.

Demand for 3D flash memory is increasing significantly on fast growing demand for enterprise servers, datacenters and smartphones. Toshiba memory expects continued strong growth in the mid and long term. The new facility will make a major contribution to business competitiveness in corporation with Yokkaichi operations.

 Jerry Inzerillo appointed as Vice-Chairman to the Forbes Travel Guide Board of Directors and Filip Boyen joins company as Chief Executive Officer 

ATLANTA-Wednesday 25 July 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- Forbes Travel Guide, the global authority on luxury travel, announced today a plan to significantly scale the company from evaluating and verifying luxury hospitality in 60 countries to 100 countries by the end of 2019. As part of this growth strategy, the company has made several key appointments and executive promotions.

Gerard “Jerry” Inzerillo, who has served as CEO of Forbes Travel Guide since 2014, will be appointed Vice-Chairman of the Forbes Travel Guide Board of Directors and veteran luxury hospitality leader of 30 years, Filip Boyen, will be appointed CEO of Forbes Travel Guide. Filip was most recently the CEO of Small Luxury Hotels of the World, which he joined in 2015 following decades of stewardship with Orient Expre ... Read more »

AMSTERDAM-Tuesday 24 July 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- Gemalto today announced the launch of Sentinel Up, an enterprise-grade software update solution for software vendors and device manufacturers. Designed to help businesses improve customer satisfaction and drive business growth, Sentinel Up allows vendors to deliver fast and timely software updates, creates in-app notifications and generates install base insights which are vital components of a digital business.

“Business demands are constantly changing and having a software licensing solution that adapts to an organisation in real-time is critical to staying ahead of the competition,” said Shlomo Weiss, Senior Vice President, Software Monetization at Gemalto. “Agility and speed are crucial to business success, so being able to update products easily, automatically, and with minimum user disruption allows vendors to keep their customers up-to-date with their latest offerings.”

Sir Richard Branson unveils nine new irresistible spaces and an ocean-inspired, well-being ethos that will deliver unique onboard experiences
       

GENOA, Italy-Tuesday 24 July 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- Virgin Group Founder Sir Richard Branson and Virgin Voyages President and CEO Tom McAlpin revealed renderings and animations of nine new public spaces of the company’s first ship, as well as innovative programming details about its approach to well-being for sailors, which the brand refers to as ‘Vitamin Sea.’

As part of the “Epic Sea Change for All” brand purpose, Virgin Voyages has committed to delivering transformational and rejuvenating experiences for its sailors. Its ‘Vitamin Sea’ ideology is inspired by the oceans and their importance in the health and well-being for our planet and our daily lives. The approach also places healthy travel at the forefront o ... Read more »

• Revenue of $8.3 billion increased 6% sequentially

• Pretax operating income of $1.1 billion increased 12% sequentially

• Second-quarter GAAP EPS, including charges of $0.12 per share, was $0.31

• Second-quarter EPS, excluding charges, was $0.43

• Cash flow from operations was $987 million

PARIS-Tuesday 24 July 2018 [ AETOS Wire ]

(BUSINESS ... Read more »