Category: Business

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Business Culture

Crumbl Cookies, the nation’s largest cookie company, coming to Holmdel Commons

HOLMDEL, N.J. — (BUSINESS WIRE) — #BestCookie–Crumbl Cookies, the nation’s largest cookie company, is set to serve cookie-crazed customers with its newest store in Holmdel, New Jersey. A grand opening is set for 8am on Friday, May 19th in the Holmdel Commons at 2136 NJ-35, Holmdel, New Jersey.


“Nothing beats biting into a warm, delicious cookie that you can enjoy, whether delivery, curbside pickup, or in-store takeout,” said Crumbl owner, Marc DeCorso. “We’re really excited to bring this experience to Holmdel.”

 

As soon as guests open Crumbl’s doors, they’ll be met with an immersive experience that is unlike any other cookie store in the world. The open kitchen allows customers to see the whole cookie-making process, including the eggs being cracked, the flour being sifted, and the dough being balled. “Having our customers see every cookie being made is one of the best experiences of our stores,” said Sawyer Hemsley, Crumbl Co-founder & COO. “Each ingredient is carefully chosen to provide customers with the highest quality cookie on the market.”

 

The grand opening week menu will contain 6 of the 200+ rotating weekly flavors Crumbl has to offer, including Crumbl’s award-winning Milk Chocolate Chip. The varying flavors ensure that there is something for everyone to enjoy.

 

“Our mission statement is to bring friends and family together over a box of the best cookies in the world, and we really hope to bring the people of Holmdel together and strengthen the community with our sweet treats,” said Jason McGowan, Crumbl Co-founder & CEO.

 

The new store has provided over 50 new jobs within the community.

 

About Crumbl

Crumbl Cookies’ mission statement is to bring friends and family together over a box of the best cookies in the world. Crumbl was founded in 2017 in Logan, Utah by Jason McGowan & Sawyer Hemsley. In just five years, Crumbl has grown from a humble cookie shop to a booming franchise with over 370 locations in 40+ states. Crumbl is honored to be the largest cookie company in the nation and fastest growing restaurant franchise. Its rotating menu offers new flavors every week while regularly bringing back crowd favorites and unique original recipes. Crumbl is open from 8am – 10pm on weekdays, 8am – midnight on Fridays and Saturdays, and closed on Sundays. Visit Crumbl online at crumblcookies.com, on social media (@crumblcookies), or any of their nationwide locations.

Contacts

Earl Koskie

385-985-8555

nj.holmdelcommons@crumbl.com
crumblcookies.com

Categories
Business Local News

MSITEK sponsors a Hospice IT and digital project in India as part of CSR (Corporate Social Responsibility) initiatives

PRINCETON, N.J. & BANGALORE, India — (BUSINESS WIRE) — #CSR—MSITEK, a global provider of SAP technology-enabled business solutions, recently collaborated with Ganga Prem Hospice, a Hospice care organization that provides medical, spiritual, and emotional support to terminally ill cancer patients.

MSITEK has taken up this initiative as part of its focus on Corporate Social Responsibility. They are investing in the Hospice’s technology platforms as their digital and technology sponsor and will support core backend operations and overall process improvements of the hospice to improve operational efficiency. They have also built the hospice’s web portal and will continue enhancing it.

 

The website went live this month, with MSITEK’s CEO Ashoo Tuli being invited to be a part of the launch. He had the honor of meeting the founder and spiritual leader Nani Ma as well as Pooja Dogra, COO of Ganga Prem Hospice. He further said, “We are immensely honored to be doing our bit and contributing to the Hospice’s noble cause. We will continue to sponsor and drive many more CSR initiatives, both in near future and long term.” Echoing these sentiments, Sheelam Maurya, Managing Partner at MSITEK who also leads CSR for the organization, said that she believes in the greater good, social accountability, and making a positive impact on society. “We also have a vision of supporting the education and health needs of under-privileged children of the Hospice care patients and working on to drive this initiative in collaboration with Ganga Prem Hospice,” she added.

 

ABOUT MSITEK

MSITEK is a strategic SAP Consulting and Solutions Partner that focuses on designing and implementing innovative solutions for businesses. With headquarters in Princeton, New Jersey, USA, it has geographical presence in the United States, Canada, Europe, and India. Its capabilities in SAP cloud solutions and innovative technologies empower customers to transform their businesses into successful enterprises. MSITEK is also a Global SAP Training Partner.

 

ABOUT GANGA PREM HOSPICE

Situated in Rishikesh, India, Ganga Prem Hospice (project of Shradha Cancer Care Trust) a non-profit Hospice that provides professional palliative care, spiritual solace, and emotional understanding to terminally ill cancer patients and their families. The hospice creates a caring and supportive environment in which patients can pass through this phase with minimum distress. In addition, it also sponsors the education of children of needy families at the Hospice care.

Contacts

Sheelam Maurya, Managing Partner

sheelam.maurya@msitekus.com

Categories
Business News Now!

AM Best revises outlooks to stable for New York Schools Insurance Reciprocal

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of New York Schools Insurance Reciprocal (NYSIR) (Uniondale, NY).

The Credit Ratings (ratings) reflect NYSIR’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).

 

NYSIR’s outlooks have been revised to stable from negative as a result of the reciprocal’s immaterial financial impact expected from the New York Child Victims Act of 2019 (Child Victims Act) and operating performance stabilizing as a result of management actions, including coverage changes, rate increases, and non-renewal of underperforming districts. In addition, NYSIR has entered into an adverse development cover treaty, signed a new management contract with Wright Risk Management (WRM), among other initiatives, which AM Best expects to keep NYSIR’s operating performance in the adequate range.

 

The affirmation of the Long-Term ICR reflects the change in NYSIR’s business profile assessment to neutral from limited. NYSIR was faced with the potential challenges of the Child Victims Act, which expired in August 2021, and resulted in minimal impact to the reciprocal’s financial results. NYSIR continues to be the leading insurer of public schools in New York benefiting from its leading market position, strong subscriber retention, exclusive partnerships with statewide education associations, and strong support by its schools communities. NYSIR benefits from its product diversification and its 33-year partnership with WRM, which performs many of the reciprocal’s processes. Although the reciprocal provides multiple lines of coverage, partially offsetting positive attributes are the reciprocal’s mono-state concentration in New York and concentration in the school segment, which may create further headwinds for the reciprocal.

 

NYSIR’s operating performance assessment has been changed to adequate from strong. Despite stabilizing in recent years, the reciprocal has experienced some deterioration and volatility in results over the most recent five-year period, which has led to the change in NYSIR’s operating performance assessment. Overall, results have been impacted by several property catastrophe losses and large liability losses, as well as prudent reserving for the uncertainties surrounding outstanding Child Victims Act claims, social inflation, and increasing loss costs in New York. NYSIR’s overall earnings have been bolstered by investment gains on its conservative investment portfolio, which is expected to continue to support the reciprocal’s adequate operating performance and member-driven objectives over the long term.

 

AM Best assesses NYSIR’s ERM program as appropriate. NYSIR’s ERM program is designed specifically for schools and the challenges its members may face. Management continues to respond proactively to changes in regulatory, judicial and legislative challenges in New York. AM Best expects the reciprocal’s risk management program to continue to support the reciprocal’s business profile and operating performance.

 

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

Anthony Molinaro
Senior Financial Analyst
+1 908 439 2200, ext. 5608
anthony.molinaro@ambest.com

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

Vicky Riggs
Associate Director
+1 908 439 2200, ext. 5039
vicky.riggs@ambest.com

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

Categories
Business Lifestyle Travel & Leisure

Cenntro Electric Group expands global production capacity with acquisition of advanced manufacturing facility in China

Production Capacity of 50,000 Vehicles Annually Once 474,000 Square Foot Facility Becomes Fully Operational

 

FREEHOLD, N.J. — (BUSINESS WIRE) — Cenntro Electric Group Limited (NASDAQ: CENN) “(Cenntro, or the “Company),” a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced the acquisition of a new manufacturing facility in Changxing, Huzhou City, China, for a purchase price of approximately $19.5 million. The new 474,000 square foot facility will allow Cenntro to expand its production capacity.

The facility, built in 2018, is expected to provide Cenntro with advanced manufacturing capabilities. In addition to expanding capacity, the new site is expected to enable Cenntro to obtain ISO 9000 certification. The new facility will support the production of a new Metro® series and have an expected capacity of 50,000 vehicles annually once fully operational. The facility is expected to begin trial production in the third quarter of 2022.

 

“This is a critical acquisition for Cenntro. The new facility will allow us to expand and respond to the growing demand for our products, especially as we begin distributing into new markets,” said Peter Wang, Chairman and CEO.

 

About Cenntro Electric Group Ltd.

Cenntro Electric Group Ltd. (or “Cenntro”) (NASDAQ: CENN) is a leading designer and manufacturer of electric light and medium-duty commercial vehicles. Cenntro’s purpose-built ECVs are designed to serve a variety of organizations in support of city services, last-mile delivery and other commercial applications. Cenntro plans to lead the transformation in the automotive industry through scalable, decentralized production, and smart driving solutions empowered by the Cenntro iChassis. As of December 31, 2021, Cenntro has sold or put into service more than 3,700 vehicles in over 25 countries across North America, Europe and Asia. For more information, please visit Cenntro’s website at: http://www.cenntroauto.com.

 

Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. Such statements may be, but need not be, identified by words such as “may,” “believe,” “anticipate,” “could,” “should,” “intend,” “plan,” “will,” “aim(s),” “can,” “would,” “expect(s),” “estimate(s),” “project(s),” “forecast(s)”, “positioned,” “potential,” “goal,” “strategy,” “outlook” and similar expressions. Examples of forward-looking statements include, among other things, statements regarding assembly and distribution capabilities, decentralized production and fully digitalized autonomous driving solutions. All such forward-looking statements are based on management’s current beliefs, expectations and assumptions, and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed or implied in this communication. Among the key factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements are the following: our limited operating history and historical losses from operations; our ability to develop and manufacture ECVs of sufficient quality, on schedule and on a large scale is still evolving; our ability to introduce new models; potential delays in launching and ramping up production of our new ECV models; our reliance on our channel partners to market, sell and service (and in certain cases, assemble and/or homologate) our vehicles; the impacts of the COVID-19 pandemic on our operating results, in particular due to the increase in shipping costs and shortages of shipping containers and raw materials; our reliance on third party manufacturing partners and suppliers for substantially all of our vehicle kits and components, respectively, for our new vehicles; our material weakness in our internal control over financial reporting; risks associated with our global operations and expansion, including unfavorable regulatory, political, legal, economic, tax and labor conditions; changes in China’s economic, political or social conditions or government policies; and changes in U.S. and international trade policies, particularly with regard to China. For additional risks and uncertainties that could impact Cenntro’s forward-looking statements, please see the disclosures contained in Cenntro’s public filings with the Securities and Exchange Commission, including “Risk Factors” in Cenntro’s Annual Report on Form 20-F for the year ended December 31, 2021 filed with the Securities and Exchange Commission on April 25, 2022 and which may be viewed at www.sec.gov.

Contacts

Investor Relations Contact:
Chris Tyson

MZ North America

CENN@mzgroup.us
949-491-8235

Company Contact:
PR@cenntroauto.com
IR@cenntroauto.com

Categories
Business

AM Best affirms credit ratings of Lumen Re Ltd.

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Lumen Re Ltd. (Lumen Re) (Bermuda). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect Lumen Re’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

 

Lumen Re’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), is at the strongest level. Its liquidity, asset/liability management, quality of assets and use of internal capital models provide ample support of its balance sheet assessment. Partially offsetting these rating factors is Lumen Re’s relatively high dependence on third-party retrocession. However, all retrocession will be written on a fully collateralized basis, thus minimizing its exposure to losses and third-party credit risk. The company’s leverage, as measured by the ratio of retained limits to equity, is low.

 

AM Best assesses Lumen Re’s overall operating performance as adequate. Increased losses from peak and secondary peril events in 2021 has led the company to begin a de-risking and re-underwriting process to improve contract terms and raise attachments in order to prevent outsized loss experiences going forward. The company’s pricing strategy is to focus on underwriting profits and not on asset returns.

 

AM Best assesses Lumen Re’s business profile as limited, as the company predominantly writes catastrophe excess of loss contracts and limited reinsurance protection programs with well-established cedants in highly developed markets. Product concentration is mitigated somewhat by risk diversification across regions, perils and the number of cedants. Pricing sophistication, modeling capabilities including reliance on vendor models and independent modeling tools, and coverage exclusions for start-up companies create a strong environment for management to execute its pricing strategy.

 

AM Best assesses Lumen Re’s ERM as appropriate, based on the company’s robust ERM framework and governance that ensures a systematic and controlled process for the identification, monitoring and reporting of underwriting and investment risks, as well as other relevant risks that affect its reinsurance operations.

 

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

David Mautone
Senior Quantitative Specialist
+1 908 439 2200, ext. 5765
david.mautone@ambest.com

Asha Attoh-Okine
Associate Director
+1 908 439 2200, ext. 5716
asha.attoh-okine@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

AM Best affirms credit ratings of Insurance Corporation of Barbados Limited

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Insurance Corporation of Barbados Limited (ICBL) (Barbados). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect ICBL’s balance sheet strength, which AM Best assesses as strongest as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

 

ICBL’s balance sheet strength is underpinned by its risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), which AM Best expects to remain at the strongest level. ICBL has generally produced positive net income driven by the underwriting and marketing expertise derived over its many years of risk and claims management. ICBL has recorded profitable overall results in recent years; however, the company’s five-year operating performance metrics places it in the bottom half relative to its rated Caribbean peers. ICBL’s business profile assessment reflects the company’s geographic and product concentration. The business profile assessment also recognizes ICBL’s market position as one of the leading property/casualty insurers in its domestic market.

 

ICBL, like other regional insurers, has significant exposure to catastrophe losses. The company manages this risk through the utilization of reinsurance to limit its catastrophe exposure to a manageable level and protect its surplus against frequency of events.

 

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

Ricardo Longchallon
Senior Financial Analyst
+1 908 439 2200, ext. 5676
ricardo.longchallon@ambest.com

Sharon Marks
Director
+1 908 439 2200, ext. 5477
sharon.marks@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

AM Best downgrades Issuer Credit Rating of Republic Insurance Company (Cayman) Limited

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

The Credit Ratings (ratings) reflect Republic Insurance’s balance sheet strength, which AM Best assesses as very strong as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

 

The balance sheet strength assessment reflects Republic Insurance’s risk-adjusted capitalization at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR). However, due to the majority of business being conducted within Trinidad and Tobago and Barbados, the Country Risk Tier 4 and balance sheet strength of the operating company are assessed as very strong. Driving the downgrade of the Long-Term ICR is the overall macroeconomic landscape of Trinidad and Tobago, as well as Barbados, and the limited recovery of lending activity at the banking subsidiaries of Republic Financial Holdings Limited. Top line premiums at Republic Insurance are correlated directly to the lending operations of the banking subsidiaries, and overall economic activity has not recovered to pre-pandemic levels within either country. Furthermore, AM Best notes that the uncertainty of global gas, oil and energy prices is highly impactful to the outlook of Republic Insurance’s domestic markets.

 

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

Matthew Dachowski
Financial Analyst
+1 908 439 2200, ext. 5357
matthew.dachowski@ambest.com

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

Edward Kohlberg
Director
+1 908 439 2200, ext. 5664
edward.kohlberg@ambest.com

Jeff Mango
Managing Director,
Strategy & Communications
+1 908 439 2200, ext. 5204

jeffrey.mango@ambest.com

Categories
Business Lifestyle Travel & Leisure

Travel + Leisure Co. names Fiona Downing chief membership officer to lead travel club businesses

ORLANDO, Fla. — (BUSINESS WIRE) — $TNL—Travel + Leisure Co. (NYSE:TNL) announced today that Fiona Downing was promoted to the role of Chief Membership Officer of Panorama and Travel + Leisure Club to align the company’s business-to-business (B2B) travel clubs and the direct-to-consumer (D2C) subscription club businesses.


Ms. Downing’s leadership will help optimize organizational and technology resources, to gain greater efficiencies and to support the growth strategy of its travel membership business. In this new role, Downing will also lead product development, and strategic growth initiatives for the Panorama travel and membership business line, and digital marketing and CRM for the company.

 

“Our company’s mission to put the world on vacation is more important than ever, as people around the globe are once again experiencing the connection, inspiration, and respite that travel offers,” said Olivier Chavy, president of Panorama and Travel + Leisure Club. “We are well-prepared to meet the pent-up demand for travel through our portfolio of clubs, programs, and services — and our leadership team continues to evolve to best support the growth of our business segments. Downing brings more than 30 years of experience with the company’s membership travel business to this new role and her depth of expertise will drive the growth of these new businesses.”

 

In 2021, Travel + Leisure Co. announced new extensions of its travel business to leverage its nearly 50 years of leadership in membership travel. The Panorama business line operates white-labeled B2B membership clubs through the Panorama Travel Solutions brand, providing customized discount travel solutions to membership organizations, companies, and other affinity groups. The growing portfolio of prominent clients with tailored membership travel services includes the National Association of Realtors and NFL Alumni Association. Travel + Leisure Club is the company’s consumer travel club that brings the inspiration of Travel + Leisure magazine to life through bookable experiences. The must-have membership for the savvy traveler, the club offers preferred pricing, personal concierge and travel booking service, plus members-only perks and valuable benefits from the world’s most influential travel brand.

 

A native of Scotland, Downing currently resides in Orlando, Fla, where Travel + Leisure Co. is globally headquartered. She is passionate about the development and advancement of women in the workplace and serves as the Chair of the American Resort Development Association (ARDA) WIN Committee, and serves on the ARDA International Foundation board of directors. She is also a board member of the Visiting Nurse Association Health Group New Jersey.

 

About Travel + Leisure Co.

Travel + Leisure Co. (NYSE:TNL) is the world’s leading membership and leisure travel company, with nearly 20 travel brands across its resort, travel club, and lifestyle portfolio. The company provides outstanding vacation experiences and travel inspiration to millions of owners, members, and subscribers every year through its products and services: Wyndham Destinations, the largest vacation ownership company with more than 245 vacation club resort locations across the globe; Panorama, the world’s foremost membership travel business that includes the largest vacation exchange company and subscription travel brands; and Travel + Leisure Group, featuring top travel content and travel services including the brand’s eponymous travel club. At Travel + Leisure Co., our global team of associates brings hospitality to millions each year, turning vacation inspiration into exceptional travel experiences. We put the world on vacation. Learn more at travelandleisureco.com.

Contacts

Steven Goldsmith

Public Relations

(407) 626-5882

Steven.Goldsmith@travelandleisure.com

Categories
Business Culture

Legend Biotech announces participation in upcoming investor conferences

SOMERSET, N.J. — (BUSINESS WIRE) — Legend Biotech Corporation (NASDAQ: LEGN) (Legend Biotech), a global biotechnology company developing, manufacturing and commercializing novel therapies to treat life-threatening diseases, today announced its participation in the upcoming investor conferences:

 

Event: Bank of America Securities 2022 Healthcare Conference

Presentation Date & Time: Wednesday, May 11, 2022 at 5:20pm PT / 8:20pm ET

Location: Las Vegas, Nevada

Presenter: Ying Huang, Ph.D., CEO

Event: Jefferies Global Healthcare Conference
Presentation Date & Time: Wednesday, June 8, 2022 at 1:00pm PT / 4:00pm ET
Location: New York, New York
Presenter: Ying Huang, Ph.D., CEO

Event: Goldman Sachs Annual Global Healthcare Conference

Presentation Date & Time: Wednesday, June 15, 2022 at 1:20pm PT / 4:20pm ET

Location: Rancho Palos Verde, California

Presenter: Ying Huang, Ph.D., CEO

 

About Legend Biotech

Legend Biotech is a global biotechnology company dedicated to treating, and one day curing, life-threatening diseases. Headquartered in Somerset, New Jersey, we are developing advanced cell therapies across a diverse array of technology platforms, including autologous and allogenic chimeric antigen receptor T-cell, T-cell receptor (TCR-T), and natural killer (NK) cell-based immunotherapy. From our three R&D sites around the world, we apply these innovative technologies to pursue the discovery of safe, efficacious and cutting-edge therapeutics for patients worldwide.

 

Learn more at www.legendbiotech.com and follow us on Twitter and LinkedIn.

Cautionary Statement:

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to Legend Biotech’s strategies and objectives; statements relating to CARVYKTI™, including Legend Biotech’s expectations for CARVYKTI™, such as Legend Biotech’s manufacturing and commercialization expectations for CARVYKTI™ and the potential effect of treatment with CARVYKTI™; statements about submissions for cilta-cel to, and the progress of such submissions with, the U.S. Food and Drug Administration (FDA), the European Medicines Agency (EMA), the Chinese Center for Drug Evaluation of National Medical Products Administration (CDE) and other regulatory authorities; the anticipated timing of, and ability to progress, clinical trials, including patient enrollment; the submission of Investigational New Drug (IND) applications to, and maintenance of such applications with, regulatory authorities; the ability to generate, analyze and present data from clinical trials; and the potential benefits of Legend Biotech’s product candidates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors. Legend Biotech’s expectations could be affected by, among other things, uncertainties involved in the development of new pharmaceutical products; unexpected clinical trial results, including as a result of additional analysis of existing clinical data or unexpected new clinical data; unexpected regulatory actions or delays, including requests for additional safety and/or efficacy data or analysis of data, or government regulation generally; unexpected delays as a result of actions undertaken, or failures to act, by our third party partners; uncertainties arising from challenges to Legend Biotech’s patent or other proprietary intellectual property protection, including the uncertainties involved in the U.S. litigation process; competition in general; government, industry, and general public pricing and other political pressures; the duration and severity of the COVID-19 pandemic and governmental and regulatory measures implemented in response to the evolving situation; as well as the other factors discussed in the “Risk Factors” section of the Legend Biotech’s Annual Report filed with the Securities and Exchange Commission on March 31, 2022. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this press release as anticipated, believed, estimated or expected.​ Any forward-looking statements contained in this press release speak only as of the date of this press release. Legend Biotech specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

 

Contacts

Investor Contacts:
Joanne Choi, Senior Manager, Investor Relations, Legend Biotech

joanne.choi@legendbiotech.com

Crystal Chen, Manager, Investor Relations, Legend Biotech

crystal.chen@legendbiotech.com

Press Contact:
Tina Carter, Corporate Communications Lead, Legend Biotech

tina.carter@legendbiotech.com
(908) 331-5025

Categories
Business

Best’s Review examines asset management & ESG imperative in joint effort with AM BestTV

OLDWICK, N.J. — (BUSINESS WIRE) — The May issue of Best’s Review includes a special presentation on environmental, social and governance (ESG) issues that aired on AM BestTV in April.

In a series of panels, industry executives and insurance experts discuss growing regulatory and stakeholder expectations for investment portfolios that address ESG concerns. Topics include new products and investment approaches, global and national regulatory challenges and the rising emphasis on the social aspect of ESG. Access the stories here.

 

Best’s Review is AM Best’s monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace. The complete content of Best’s Review is available here.

 

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.

 

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Contacts

Patricia Vowinkel
Executive Editor, Best’s Review®
+1 908 439 2200, ext. 5540
patricia.vowinkel@ambest.com