Category: Business

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Business

AM Best places credit ratings of Transverse Insurance Group’s members under review with positive Implications

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best has placed under review with positive implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Transverse Specialty Insurance Company (Transverse Specialty) (Wilmington, DE) and Transverse Insurance Company (Transverse Insurance) (Dallas, TX). Transverse Specialty and Transverse Insurance are collectively referred to as Transverse Insurance Group.

The ratings of Transverse Specialty and Transverse Insurance have been placed under review with positive implications following the announcement on Aug. 10, 2022, that Mitsui Sumitomo Insurance Company, Limited, has entered into an agreement to acquire Transverse Insurance Group, LLC, the parent of the Transverse companies. The under review with positive implications status reflects the potential benefits Transverse would receive from the acquisition. The acquisition is pending approval of regulatory agencies and is expected to close in December 2022. The ratings will remain under review until the close of the transaction and AM Best obtains certainty of the depth and breadth of post-transaction details.

 

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. 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 specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Robert Raber
Director
+1 908 439 2200, ext. 5696
robert.raber@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Greg Williams
Senior Director
+1 908 439 2200, ext. 5815
greg.williams@ambest.com

Jeff Mango
Managing Director,
Strategy & Communications
+1 908 439 2200, ext. 5204
jeffrey.mango@ambest.com

Categories
Business Lifestyle Perks

Fabuwood introduces their new slim shaker cabinet – Luna

NEWARK, N.J. — (BUSINESS WIRE) — Fabuwood’s newest door style cut the edge of the traditional shaker cabinet to create a slim shaker design. This adaptation of a popular style is sleek and minimalistic, the perfect cabinet for the contemporary kitchen.

Luna is available in two finishes that complement each other beautifully, providing the perfect opportunity to create a two-toned kitchen. Dove is a bright white paint that brings an open, light, and fresh feel to any space. Kona is a deep cocoa-colored stain that accents the natural wooden grain of the cabinet door and adds a warm and rustic touch. Combined, they create a design that has the perfect amount of contrast while still being completely cohesive.

 

The design is not the only innovative aspect of Luna. Fabuwood’s latest cabinet design utilizes Blum’s new Compact Clip hinges with Blumotion soft-close and quick-release technology. This allows for easy and stress-free installation/removal of the door to/from the cabinet face frame.

 

Fabuwood leads the industry in quality semi-custom cabinets and innovative technology. With their newest release, the Luna door style, Fabuwood brought their company further into the future and once again redefined quality and style.

 

About Fabuwood Cabinetry:

Fabuwood is a top-of-the-line cabinetry company that is committed to redefining quality in the industry. They are innovative not only in the design and production of their products but also in their technology. EZ Pricing, a cutting-edge platform designed in-house by the Fabuwood team, was the first of its kind in the cabinet industry. With the fastest lead times on semi-custom cabinets, constant upgrades, frequent new releases, and dedication to staying on top in both quality and style, Fabuwood really is a leader in its industry.

Contacts

Moses Brach

Marketing@fabuwood.com

Categories
Business Environment Lifestyle

Unibail-Rodamco-Westfield partners with Mill Creek Residential on Westfield Garden State Plaza Development

The partnership will allow the companies to launch the first phase of URW’s 30-acre, mixed-use vision for the property featuring residences, green spaces, and a restored Sprout Brook


PARAMUS, N.J. — (BUSINESS WIRE) — #RealEstate—Unibail-Rodamco-Westfield (URW) today announced Mill Creek Residential (MCR) as co-developer for the first phase of the landmark transformation of Westfield Garden State Plaza in Bergen County, NJ.

 

Anticipated to break ground in 2024 and slated to open to residents in 2026, the first phase will include the construction of 550 luxury apartment homes that will be integrated with the shopping center via a one-acre ‘town green’ for residents, visitors, and shoppers to enjoy, as well as introduce a ‘main street’ outdoor district featuring restaurants and everyday conveniences and services.

 

The development will also include significant community and sustainability features such as new parks and greenspaces, green building construction, upgraded connectivity to public transportation networks, electric vehicle charging stations, and the restoration of a section of the beloved local Sprout Brook.

 

Geoff Mason, executive vice president, U.S. development, design & operating management, URW, said: “Our bold vision for Westfield Garden State Plaza is about transforming the shopping center into a true town center where the local community can come together to live, shop, work, and play. Our partnership with Mill Creek Residential will help bring this vision to life; leveraging their incredible experience and best-in-class approach to create a landmark destination for the community.”

 

Russell Tepper, senior managing director of development for Mill Creek Residential, said: “We’re extremely excited to be selected as a co-developer at Westfield Garden State Plaza, and we’re eager to get started on the development. We look forward to working with URW, the Borough of Paramus and Bergen County to help create a truly unique experience for residents and visitors alike. This will be a truly collaborative process and our team is enthusiastic to watch it progress.”

 

The development is an example of URW’s broader strategy to transform shopping centers into multi-faceted mixed-use lifestyle destinations, while further enhancing their contribution to the economic, social, and cultural vitality of the local communities they serve.

 

Aligned with this vision, Garden State Plaza will be completely reimagined, with surface parking areas to the west of the shopping center converted into modern luxury apartment homes, plazas, parks, gardens, health and wellness amenities, commercial office space, as well as a transit center – alongside new outdoor shops, restaurants, and community event spaces. The center will appeal to shoppers and residents alike: the perfect place to find the latest fashions, enjoy premier dining, socialize, take a walk or ride a bike, enjoy concerts and cultural festivals, and so much more.

 

One of the world’s premier shopping destinations, Westfield Garden State Plaza is a 2.1-million-square-foot flagship destination anchored by Neiman Marcus, Nordstrom, Macy’s, and AMC Theatres. In addition to being home to the world’s top luxury brands, also it also delivers a dynamic mix of retail, dining, and entertainment with the additions of Eddie V’s, Season’s 52, Pinstripes, Nerf Action Xperience, and more. For more information, visit www.westfield.com/gardenstateplaza.

 

About Unibail-Rodamco-Westfield

Unibail-Rodamco-Westfield is a dynamic global developer and operator of Flagship Destinations, with a portfolio valued at €55.0 Bn as at June 30, 2022, of which 87% in retail, 6% in offices, 5% in convention & exhibition venues and 2% in services. Currently, the Group owns and operates 82 shopping centres, including 53 Flagships in the most dynamic cities in Europe and the United States. Present on two continents and in 12 countries, Unibail-Rodamco-Westfield provides a unique platform for retailers and brand events and offers an exceptional and constantly renewed experience for customers.

 

With the support of its 2,700 professionals and an unparalleled track-record and know-how, Unibail-Rodamco-Westfield is ideally positioned to generate superior value and develop world-class projects.

 

Unibail-Rodamco-Westfield distinguishes itself by its Better Places 2030 agenda, that sets its ambition to create better places that respect the highest environmental standards and contribute to better cities.

 

Unibail-Rodamco-Westfield stapled shares are listed on Euronext Amsterdam and Euronext Paris (Euronext ticker: URW), with a secondary listing in Australia through Chess Depositary Interests. The Group benefits from a BBB+ rating from Standard & Poor’s and from a Baa2 rating from Moody’s.

 

For more information, please visit www.urw.com
Visit our Media Library at https://mediacentre.urw.com
Follow the Group updates on Twitter @urw_group, LinkedIn @Unibail-Rodamco-Westfield and Instagram @urw_group

 

About Mill Creek Residential

Mill Creek Residential Trust LLC is a national rental housing company focused on the development, acquisition and operation of rental communities in targeted markets nationwide. The national company, headquartered in Boca Raton, Florida proactively develops, acquires, constructs and operates communities through its seasoned team of real estate professionals in offices across the United States. Mill Creek is building its portfolio in many of the nation’s most desirable markets in Seattle, Portland, the San Francisco Bay area, Southern California, Phoenix, Denver, Dallas, Austin, Houston, South Florida, Tampa, Orlando, Atlanta, Nashville, Charlotte, Raleigh, Washington, D.C., New Jersey, New York, and Boston. As of March 31, 2022, the company’s portfolio is comprised of 117 communities representing over 31,427 rental homes that are operating and/or under construction. For more information, please visit www.MillCreekPlaces.com.

 

Contacts

For further information, please contact:
Robyn Cottelli, Senior Director, Corporate Communications

Robyn.Cottelli@URW.com
+1 (929) 254-8309

Categories
Business Lifestyle Travel & Leisure

AM Best assigns Performance Assessment to Delta International Limited’s affiliates

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best has assigned a Performance Assessment of PA-2 (Excellent) to Delta Insurance New Zealand Limited (New Zealand), Delta Underwriting Private Limited (Singapore), and Delta Property Insurance Limited (New Zealand). The companies are assessed on a consolidated basis under their parent, Delta International Limited (Delta). The outlook assigned to the Performance Assessment (assessment) is stable.

This assessment reflects Delta’s strong underwriting capabilities, excellent governance and internal controls, strong financial condition, excellent organizational talent, and strong depth and breadth of relationships.

 

In AM Best’s view, these three affiliated companies exhibit a number of commonalities with one another and are regarded as strategically and financially important to Delta, providing access to business in certain geographic jurisdictions in the Asia Pacific region. The organization was founded in 2014 with local ownership and operates from offices in New Zealand, Australia and Singapore.

 

Since launching in 2014, Delta has recorded profitable underwriting results across a variety of liability lines in the Asia Pacific region, along with property coverage only in New Zealand. Underwriting capabilities are strengthened further from Delta’s in-house underwriting staff and claims handling. Delta has a well-developed technology base that provides insurance services that has allowed the organization to advance its gross premium writings annually and expand coverage options.

 

AM Best considers Delta’s governance and internal controls to be excellent. Delta has implemented a sophisticated framework for selection for capacity providers, which elevates the products and coverage it can provide to its policyholders. The ability to provide these products is complemented by Delta’s extensive use of internal audits, policies, procedures, quality reviews, and monitoring.

 

AM Best assess Delta’s financial condition as strong. Delta has shown a record of profitable operations since inception, with stable income sources and continued positive net worth. Earnings are allocated generally to reinvestment into operations. Results indicate replicability during periods of scaling premium, policyholder counts or geographic expansion. The organization does not retain any insurance risk.

 

Delta’s senior management is highly experienced across the lines of business and geographic region in which the group operates. The knowledge and training base within Delta further benefits underwriting capabilities. AM Best would expect the quality and quantity of Delta’s staff to develop and increase appropriately as the organization continues to grow.

 

AM Best assesses Delta’s depth and breadth of relationships as strong. While Delta has a relatively compact history, most capacity providers have partnered with the organization since its founding. Multiple programs across a wide-ranging footprint provide appropriate diversification. The longer-term ability of Delta to retain and sustain relationships has opportunity for advancement and development.

 

This press release relates to Performance Assessments that have been published on AM Best’s website. For all information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the Performance Assessments referenced in this release, please see AM Best’s website. For additional information regarding the use and limitations of Performance Assessments, please view Guide to Best’s Performance Assessments for Delegated Underwriting Authority Enterprises. 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 specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Riley Parnham

Financial Analyst
+1 908 439 2200, ext. 5495
riley.parnham@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Robert Raber
Director
+1 908 439 2200, ext. 5696
robert.raber@ambest.com

Jeff Mango
Managing Director,
Strategy & Communications

+1 908 439 2200, ext. 5204
jeffrey.mango@ambest.com

Categories
Business Science Technology

Leading brands leverage Aetrex’s 3D foot scanning technology to enhance fit and performance

Athletic brands utilize Albert 2 Pro scanner to gather critical data for improved footwear product designs

 

TEANECK, N.J. — (BUSINESS WIRE) — Aetrex, Inc. (“Aetrex”), the global market leader in foot scanning technology, orthotics and comfort & wellness footwear, today announced its Albert 2 Pro foot scanning technology is being used in performance labs of notable brand partners, including BOA Technology Inc., makers of the BOA® Fit System, to enhance the performance of their fit systems and footwear of global leading brand partners.


Since the launch of its Performance Fit Lab four years ago, BOA has been utilizing the Albert 2 Pro to scan athletes’ unique feet, collecting key 3D foot measurements along with biomechanical data through motion capture, force plates, and more to better understand the way subtle variations in foot shape, the construction of footwear uppers, and material choices impact athletic performance. In addition to using scan data to select and recruit testers with a well-matched foot shape into the lab, BOA analyzes the data to optimize how the BOA Fit System integrates onto footwear to securely wrap the foot, yielding the maximum performance benefits.

 

“If we understand where along the length of the shoe the average instep is highest, we can design our panels to lock that area in,” said Dan Feeney, Ph.D., Director of Biomechanics Research & Performance Fit Lab. “Similarly, we use the length from the heel to the metatarsophalangeal joints to determine where our last panel should end. Thus, we ensure footwear from industry leading brand partners garner the maximum performance benefits of the BOA Fit System.”

 

BOA’s Performance Fit Lab has scanned over 300 athletes with the Albert 2 Pro and conducted performance tests in golf, court, trail run, hike, workwear, ski, snowboard, and cycling segments. BOA found that configurations featuring a wrap structure powered by the BOA Fit System improved athletic performance (agility and speed) by up to 9%, according to a peer-reviewed white paper by Footwear Science.

 

More recently, Burton is among many performance brand partners acquiring an Albert 2 Pro to help inform the best fit through scientific data.

 

“Burton is currently trialing the latest and greatest Aetrex technology at Burton’s Vermont headquarters store as a part of our efforts to find a real-world data source to help understand foot shapes better,” said Eric Carlson, Sr. Product Line Merchandiser at Burton.

 

To learn more about Albert 2 Pro and Aetrex’s technology suite, please visit www.aetrex.com.

 

About Aetrex

Aetrex Worldwide, Inc. is widely recognized as the global leader in foot scanning technology, orthotics, and comfort and wellness footwear. Aetrex has developed state-of-the-art foot scanning devices, including Albert, Albert 2 Pro, a CES 2022 Innovation Award Honoree, and iStep, designed to accurately measure feet and determine foot type and pressure points. Since 2002, Aetrex has placed over 10,000 scanners worldwide that have performed more than 40 million unique customer foot scans, currently averaging more than 2.5 million scans a year.

 

The company is renowned for its over-the-counter orthotics – the worlds #1 premium foot orthotic. With fashion, function and quality at the forefront, Aetrex also designs and manufactures stylish, performance footwear. Based in New Jersey, Aetrex is consistently named one of New Jersey’s Top 100 Privately Held Companies and was also included in NJBIZ’s Top 30 Manufacturing Companies. It has remained privately owned by the Schwartz family for three generations. For additional information, visit www.aetrex.com.

Contacts

Media Contact
Rajira Hernandez

Matter Communications

978-225-8082

aetrex@matternow.com

Categories
Business Science Technology

Accutar Biotechnology receives NMPA clearance of IND application for AC0176 in prostate cancer

CRANBURY, N.J. & SHANGHAI — (BUSINESS WIRE) — Accutar Biotechnology, Inc., a clinical stage biotechnology company focusing on artificial intelligence (AI)-empowered drug discovery, announces that the China National Medical Products Administration (NMPA) has cleared the company’s investigational new drug application (IND) for AC0176 for the treatment of patients with metastatic Castration Resistant Prostate Cancer (mCRPC). AC0176 is an orally bioavailable chimeric degrader molecule designed to target Androgen Receptor (AR) protein with high potency and selectivity.

“Prostate cancer is one of the most common cancers among men in China, and the speed of increase in its incidence and death rates ranks highest in China. We are excited about the IND clearance of AC0176 in China, after its IND clearance and initiation of the first-in-human Phase 1 study in the US early this year,” said Jie Fan, Ph.D., Chief Executive Officer, Accutar Biotechnology, Inc. “We look forward to accelerating the development of AC0176 and furthering our commitment to bringing innovative medicines to patients worldwide.”

 

The Phase 1 study in China will assess the safety, tolerability, pharmacokinetics, and preliminary anti-tumor activity of AC0176 treatment in Chinese patients with mCRPC. Accutar expects to begin enrollment of this study in the second half of this year.

 

About AC0176

AC0176 is an investigational orally bioavailable, chimeric degrader of androgen receptor (AR) for the potential treatment of prostate cancers. AR is a hormonal transcription factor, and plays important roles during prostate cancer onset and progression. In preclinical studies, AC0176 has demonstrated potent and selective AR protein degradation with broad coverage of AR mutants, favorable pharmacological properties, as well as promising anti-tumor activities in animal models.

 

About Accutar Biotechnology, Inc.

Accutar is a clinical stage biotech company focused on AI-empowered drug discovery, and its application to the discovery and development of clinically differentiated medicines.

 

Be transformative. For patients.

 

To learn more about Accutar, please visit us at www.accutarbio.com.

Contacts

For More Information:

Jiaqi Ren

media@accutarbio.com

Categories
Business

AM Best downgrades Issuer Credit Rating of Cameron Mutual Insurance Company

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Fair) from “bb+” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of Cameron Mutual Insurance Company (Cameron Mutual) (Cameron, MO). The outlook of the FSR has been revised to negative from stable while the outlook of the Long-Term ICR is negative.

The Credit Ratings (ratings) reflect Cameron Mutual’s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management (ERM).

 

The Long-Term ICR downgrade reflects ongoing surplus erosion, which has weakened Cameron Mutual’s overall balance sheet strength. Severe weather events in 2022 drove the $6.4 million decline in capital through the first six months. Furthermore, the surplus decline influenced the level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), which is assessed as strong, from very strong at last review. The downgrade of the Long-Term ICR further considers underwriting leverage metrics that are well-above the private passenger standard auto and homeowners composite. The negative outlooks reflect ongoing deterioration in the company’s overall balance sheet strength and consistently unfavorable operating results. Marginal operating performance continues to erode Cameron Mutual’s capital position, creating greater sensitivity in risk-adjusted capitalization, as measured by BCAR. Furthermore, while management continues to refine the business profile in an effort to reduce exposures and correct performance, risk mitigation strategies have yet to gain material traction.

 

Cameron Mutual writes personal auto, commercial multi-peril, farmowners and homeowners in three states, primarily Missouri. Management has recently emphasized de-risking the portfolio as it relates to the more volatile segments of the book of business, as well as improving rating algorithms with more granularity and pushing rate increases where needed.

 

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. 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 specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Maxwell Gilberg
Financial Analyst
+1 908 439 2200, ext. 5684
maxwell.gilberg@ambest.com

Christopher Draghi
Associate Director
+1 908 439 2200, ext. 5043
chris.draghi@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jeff Mango
Managing Director,
Strategy & Communications
+1 908 439 2200, ext. 5204
jeffrey.mango@ambest.com

Categories
Business Culture Lifestyle

Knightscope Robot Roadshow coming to Millville, New Jersey

Public Safety Innovator Continues to Drive Sales through Creative Marketing Events

 

MOUNTAIN VIEW, Calif. — (BUSINESS WIRE) — $KSCP #SecurityRobot—Knightscope, Inc. [Nasdaq: KSCP], a developer of advanced physical security technologies focused on enhancing U.S. security operations, today announced its Robot Roadshow – an engaging experiential event used to grab attention fast, forge direct connections with potential clients, and strike up conversations in a compelling fashion – will land at the New Jersey Motorsports Park in Millville, NJ, on 12 August 2022 from 11:00am to 3:00pm ET.


The Robot Roadshow has made 50 landings in 19 states and Washington, D.C. to date. Knightscope’s crime-fighting robots tour the U.S. in a space-age, NASA-like “pod” allowing attendees to experience all the technology that is enabling these Autonomous Security Robots (ASRs) to help make sites safer today from Hawaii to Texas to North Carolina. A short video of a past event hosted by the Los Angeles Police Department may be viewed here.

 

The Millville Roadshow landing will be attended both virtually and physically by Knightscope experts, and visitors will be able to interact directly with each of our Autonomous Security Robots and see the Knightscope Security Operations Center (KSOC) user interface in action. Clients, investors and the media are all welcome to attend to learn more about Knightscope.

 

There is no charge to participate in, or visit, the Roadshow and available slots fill up fast, so appointments are recommended. Book your Pod visit here.

 

About Knightscope

Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots that deter, detect and report. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. Learn more about us at www.knightscope.com. Follow Knightscope on Facebook, Twitter, LinkedIn and Instagram.

 

Forward Looking Statements

This press release may contain ”forward-looking statements” about Knightscope’s future expectations, plans, outlook, projections and prospects. Such forward-looking statements can be identified by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” “proposes” and similar expressions. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2021. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements except as may be required by law.

 

Contacts

Donna Loughlin Michaels, LMGPR, (408) 393-5575

Categories
Business International & World Lifestyle

Frost & Sullivan recognises Vonage as leader in growth and innovation in CCaaS Radar

LONDON — (BUSINESS WIRE) — Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation, has been recognised as a leader in growth and innovation in the latest Frost & Sullivan Radar for the European Contact Center as a Service (CCaaS) Market.


Vonage was recognised for Vonage Contact Center, an intelligent, multi-tenant contact centre solution that seamlessly integrates all communications channels and customer interactions into an organisation’s CRM platform. Radar credited Vonage for investing heavily in innovation to deliver new contact centre applications for reporting, analytics, visual engagement, and AI-based functionalities, its deep integrations with Salesforce, ServiceNow and Microsoft Teams, and for offering one of the most comprehensive and flexible cloud communications platforms in the market.

 

Vonage’s fully programmable contact centre, unified communications and conversational commerce applications are built from the Vonage Communications Platform and enable companies to transform how they communicate and operate from the office or remotely, providing the flexibility required to create meaningful engagements.

 

“Vonage holds a significant position in the European CCaaS space. Offering one of the most comprehensive and flexible cloud communications platforms in the market, Vonage delivers high-quality customisation and support services, together with deep integrations with a broad range of CRM solutions”, said Senior Industry Director, Nancy Jamison, Frost & Sullivan. “Vonage Contact Center continues to exceed expectations and Vonage’s focus on developing innovative solutions for reporting, analytics, visual engagement, and AI-based functionalities, positions Vonage as a technology frontrunner in the CCaaS market.”

 

“It is an honour to be recognised as a Leader by Frost & Sullivan for our continued innovation and growth within the Contact Centre as a Service space,” said Savinay Berry, Executive Vice President, Product and Engineering, Vonage. “Vonage combines pure-play cloud contact centre offerings with robust unified communications, programmable communications and conversational commerce applications, to provide an end-to-end communication experience for a company’s employees and customers that help them to perform better, connect easier and enhance experiences. This acknowledgment emphasises our commitment to continue driving innovation that transforms the way businesses operate and connect with their customers.”

 

The latest Frost Radar for the Contact Center as a Service Market (2021) ranks the top-performing cloud contact centre providers in Europe on innovation and growth. The rankings are based on the firm’s independent research into each provider’s product portfolio, vision and strategy, research and development, growth pipeline, and customer alignment.

 

To download the complimentary Frost Radar, please visit www.vonage.com.

 

About Vonage

Vonage, a global cloud communications leader, helps businesses accelerate their digital transformation. Vonage’s Communications Platform is fully programmable and allows for the integration of Video, Voice, Chat, Messaging, AI and Verification into existing products, workflows and systems. The Vonage conversational commerce application enables businesses to create AI-powered omnichannel experiences that boost sales and increase customer satisfaction. Vonage’s fully programmable unified communications, contact center and conversational commerce applications are built from the Vonage platform and enable companies to transform how they communicate and operate from the office or remotely – providing the flexibility required to create meaningful engagements.

 

Vonage is headquartered in New Jersey, with offices throughout the United States, Europe, Israel and Asia and is a wholly-owned subsidiary of Ericsson. To follow Vonage on Twitter, please visit www.twitter.com/vonage. To become a fan on Facebook, go to facebook.com/vonage. To subscribe on YouTube, visit youtube.com/vonage.

 

Contacts

Media: Nicola Brookes, +44 (0)207 785 8888, nicola.brookes@vonage.com

Categories
Business Culture International & World

AM Best to participate in captive-focused ESG panel at Bermuda Captive Conference

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best Senior Director Maura McGuigan will participate in a panel discussion on using captives for environmental, social and governance (ESG) initiatives during the Bermuda Captive Conference, which will be held in Hamilton, Bermuda, from Sept. 12-14, 2022.

McGuigan is a senior director of criteria at AM Best. Her team is responsible for the development, testing and review of Best’s Credit Rating Methodology and the related criteria procedures used within the rating analytics, as well as for the development of new criteria.

 

The panel discussion will address the possibility of captives covering uninsured risk in the ESG space and how parent company ESG initiatives could affect captive structures and operations, as well as Bermuda’s responsibility in the ESG framework. Joining McGuigan on the panel will be Sherman Taylor, head of capital markets at Ocorian’s Bermuda office, and Séadna Kirwan, risk advisory director for Aon Bermuda.

 

The panel will be held at 3:30 p.m. (EDT) on Wednesday, Sept. 14. The conference is being held at the Hamilton Princess Hotel & Beach Club. The three-day conference is Bermuda’s largest and longest-running industry event, and attracts more than 800 delegates. More information is available at the event website.

 

AM Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated in the United States and throughout the world. For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2022 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jeff Mango
Managing Director,
Strategy & Communications
+1 908 439 2200, ext. 5204
jeffrey.mango@ambest.com