AM Best Affirms Credit Ratings of Sun Hung Kai Properties Insurance Limited

HONG KONG, March 24 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Sun Hung Kai Properties Insurance Limited (SHKPI) (Hong Kong). The outlook of these Credit Ratings (ratings) is stable.

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

The very strong balance sheet strength assessment of SHKPI is underpinned by its risk-adjusted capitalisation, which was at the strongest level in fiscal year-end 30 June 2025 (FY2025), as measured by Best’s Capital Adequacy Ratio (BCAR). The company has been reducing its exposure on high-risk investment classes, including real estate sector bonds and loans securities, while applying a more prudent investment strategy that focuses on cash and high-grade fixed income assets. In light of SHKPI’s prudent investment strategy, AM Best considers its capital level a sufficient buffer to absorb investment risks. Other supporting factors include the company’s strong liquidity position, healthy solvency ratio and appropriate reinsurance programme. Partially offsetting factors include SHKPI’s modest capital and surplus level, relatively high dependency on reinsurance and its investment concentration in real estate properties.

SHKPI has consistently maintained a strong operating performance over the past decade. Despite a lower profit in 2025, driven by less underwriting and investment income, the company achieved a return-on-equity ratio of 9.9%. The company continues to benefit from its group-related business with better quality and minimal acquisition expenses, leading to underwriting results that continuously outperform the market. AM Best also expects the company’s investment performance to stabilize in the short to medium term, supported by a stable stream of interest and dividend income.

AM Best assesses SHKPI’s business profile as neutral. SHKPI is a wholly owned subsidiary of Sun Hung Kai Properties Limited, one of the largest property development and investment conglomerates in Hong Kong. Despite holding a modest share of Hong Kong’s general insurance segment, SHKPI managed to maintain its market position in a profitable manner largely attributable to its group-related businesses. With a focus on commercial business and employees’ compensation insurance, SHKPI benefits from its parental network to write a major part of its business from associated and subsidiary companies, and it continues to operate in a low acquisition cost business model.

Negative rating actions could occur if there is a significant deterioration in SHKPI’s operating performance. Negative rating actions also could arise if there is a material deterioration in SHKPI's risk-adjusted capitalisation, for example, due to material investment losses. Although it is unlikely in the near term, positive rating actions could arise if there is significant improvement in SHKPI's risk-adjusted capitalisation, for example, due to further improvements in its asset quality and capital size.

Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.

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 specialising 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 © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

 

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Contact

Aaron Li
Financial Analyst
+852 2827 3426
aaron.li@ambest.com 

Lucie Huang
Associate Director
+852 2827 3414
lucie.huang@ambest.com 

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com 

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com 

Source : AM Best 

--BERNAMA 

KYMETA UNVEILS FUTURE-READY MULTI-ORBIT SATCOM TERMINAL

KUALA LUMPUR, March 26 (Bernama) -- Kymeta Corporation, a flat-panel satellite terminal manufacturer, has launched its new Kestrel u5, a compact multi-orbit satellite communications (SATCOM) terminal designed for unmanned systems, national security operations, and high-speed industrial mobility.

The terminal enables seamless connectivity across multiple networks and constellations, including Low Earth Orbit (LEO), Geostationary Earth Orbit (GEO), Highly Elliptical Orbit (HEO), and elliptical orbits, allowing users to adapt to diverse mission requirements.

Built for demanding environments, the Kestrel u5 features a lightweight, low-profile, and rugged design suitable for operations on land and at sea. It supports full-duplex communication and remote upgrades, ensuring future-ready performance in rapidly evolving operational landscapes.

According to Kymeta in a statement, the terminal incorporates a no-moving-parts architecture for easy installation on unmanned vessels and next-generation vehicles.

Its durability-focused design includes shock absorption and advanced radome technology, enabling high performance even in harsh conditions, including exposure to water and extreme environments.

The Kestrel u5 is also equipped with Low Probability of Detection/Interception (LPD/LPI) capabilities, offering a low thermal signature supported by low power consumption and a passive cooling system, enhancing operational security and resilience.

Beyond defence applications, the terminal is suitable for commercial use in sectors such as rail, construction, mining, and agriculture, where it can be mounted on vehicles to deliver reliable, high-speed connectivity.

The Kestrel u5 is now available for order, with production units expected to be released within the next month, followed by broader availability as Kymeta scales production to meet demand.

-- BERNAMA

CHINA TAIPING INSURANCE (MACAU) AFFIRMED EXCELLENT RATINGS BY AM BEST

KUALA LUMPUR, March 24 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of China Taiping Insurance (Macau) Company Limited (CTIM), with a stable outlook.

The credit ratings (ratings) reflect CTIM’s very strong balance sheet, strong operating performance, neutral business profile, and appropriate enterprise risk management, according to AM Best in a statement.

CTIM’s risk-adjusted capitalisation, measured by Best’s Capital Adequacy Ratio, remains at the strongest level. The insurer reported robust capital and surplus growth, reaching 1.053 billion Macanese pataca (US$132 million) in 2025 based on unaudited figures. (US$1=RM3.92)

Its conservative investment strategy—focused on cash and investment-grade bonds—alongside a comprehensive reinsurance programme with high-quality counterparties, continues to support its financial position, although moderate reliance on reinsurance partially offsets these strengths.

Operating performance has remained solid, with a five-year average return on equity of 17.8 per cent from 2021 to 2025. Underwriting results have outperformed industry averages, while stable investment income has supported earnings.

In 2025, the net combined ratio improved, driven primarily by lower loss ratios in motor and employees’ compensation segments.

Investment returns have remained consistent at mid-single-digit levels over the past two years and are expected to continue contributing stable income streams from interest, dividends, and rental sources.

CTIM retains a leading position in Macau’s non-life insurance market, holding an estimated 34 per cent share based on gross premiums written in 2025. Its diversified underwriting portfolio and distribution channels, including expanding digital platforms and cross-selling initiatives with affiliates of China Taiping Insurance Group Ltd, underpin its market strength.

-- BERNAMA

​K-TECH SOLUTIONS COMPANY LIMITED (NASDAQ: KMRK) ANNOUNCES AI and BRAIN-COMPUTER INTERFACE PRODUCT DEVELOPMENT FOR BOARDWARE INTELLIGENCE TECHNOLOGY LIMITED (1204.HK)

 

HONG KONG and NEW YORK, March 18 (Bernama-GLOBE NEWSWIRE) -- K-Tech Solutions Company Limited (NASDAQ: KMRK; “K-Tech”), a Hong Kong-based design house specializing in complex electromechanical products and educational hardware, announced signing a memorandum of understanding with Boardware Intelligence Technology Limited (HKEX: 1204.HK; “Boardware”). K-Tech will act as Boardware’s exclusive hardware development and engineering partner for Boardware’s AI and Brain-Computer Interface (BCI) product platform.

This partnership expands K-Tech’s capabilities into AI-enabled wearable and neural-interface hardware. The Company will leverage its expertise in rapid prototyping, precision engineering, and production management to support the commercialization of Boardware’s "Barco" Ecosystem, which integrates neural-signal processing with high-performance hardware architecture to enhance Human-Computer Interaction (HCI).

The Barco Ecosystem & Platform Portfolio
K-Tech will lead the industrial design, hardware architecture and engineering of three flagship products within the Barco platform:

Barco AR Glasses: Advanced wearable displays that merge augmented reality with real-time AI data overlays. K-Tech’s engineering team will focus on ergonomic miniaturization and thermal management for extended use.

BarcoMind: A neural-interface processing hub designed to interpret bio-signals and translate them into AI commands.

BarcoEar: A biometric audio device designed for seamless voice-AI integration and adaptive environmental audio processing.

These products are powered by Barco OS, Boardware's proprietary operating system designed for low-latency neural data processing. K-Tech will optimize the hardware architecture for Barco OS to support an intuitive, low-latency performance user experience.

"Our partnership with Boardware Intelligence marks an important step in the development of K-Tech Solutions," said Kenneth Kwok, CEO of K-Tech. "By applying our engineering and production expertise to Boardware’s AI and neural technologies, we are moving beyond traditional electromechanical design into AI-wearables and brain-computing interfaces. This collaboration positions us to participate in emerging areas of AI-enabled hardware and, we believe, strengthens our long-term growth profile."

The collaboration is expected to accelerate the development cycle of the Barco product line, allowing for a phased market entry starting in late 2026. For investors, this represents K-Tech's strategic expansion toward technology-intensive hardware manufacturing, positioning the Company as a participant in the development of next-generation AI-enabled devices.

About K-Tech Solutions Company Limited (NASDAQ: KMRK)
K-Tech Solutions Company Limited are principally engaged in the design, development, testing and sale of a diverse portfolio of toy products ranging from simple plastic toy products to more complex electromechanical toy products. Our solution services span across the entire development stage of toy products from design, prototype testing, production management, quality control to after-sales services. We specialize in the development of infant and pre-school educational toys and learning kits.
We started our operation in 2016 and have developed relationships with our customers mainly located in European and North American countries which possess renowned brands and intellectual properties in toy products. We have strong capability in product innovation, design and project management which allow us to provide product development solution to transform conceptual design into prototypes and further into commercialization of toy products. For more information, please visit https://www.k-mark.tech/ 

About Boardware Intelligence Technology Limited (HKEX: 1204.HK)
Boardware is a premier IT solutions provider and technology innovator. The Company is currently developing the Barco Ecosystem, a suite of AI and brain-computer interface products designed to revolutionize how humans interact with digital environments. 

Forward-Looking Statements 
Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “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. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. 

For more information, please contact: 

K-Tech Solutions Company Limited Investor Relations Contact: 

Unit A, 7/F Mai On Industrial Building
17-21 Kung Yip Street, Kwai Chung
New Territories, Hong Kong
Phone: (+852) 2741 3165
Email: johnnykwok@k-mark.com 

SOURCE: K-TECH SOLUTIONS COMPANY LIMITED

Denodo Platform 9.4 Accelerates Path to Successful Agentic AI Production

 

Latest release leverages logical data management to turbocharge trusted AI with sharper intelligence, providing data teams, AI teams, and business teams with improved performance, stronger data governance, and more intuitive access

PALO ALTO, Calif., March 11 (Bernama-GLOBE NEWSWIRE) --  Denodo, a leader in data management and AI, announced the availability of Denodo Platform 9.4, reinforcing its position as the trusted data foundation for agentic and generative AI, built with logical data management capabilities to simplify and accelerate data access. As organizations move beyond AI pilots and proofs of concept, Denodo Platform 9.4 enables AI systems, applications, and users to reliably access live data, understand business context, and operate with strong performance within clear governance boundaries.

AI innovation is accelerating, but success increasingly depends on the data layer beneath it. Without unified access to live, trusted data, shared semantics, and consistent governance, AI initiatives struggle to scale and deliver significant business value. Denodo Platform 9.4 addresses this challenge by advancing the platform across three critical audiences — data teams, AI teams, and business users — each with capabilities designed to help organizations operationalize AI with confidence.

“As organizations move from AI pilots to production deployments, success increasingly depends on the intelligence and governance of the underlying data infrastructure,” said Stewart Bond, research vice president, Data Intelligence and Integration Software at IDC. “Denodo Platform 9.4 reflects this shift by strengthening how enterprises unify structured and unstructured data access, embed governance into AI interactions, empower business users, and deliver consistent semantics across distributed environments. These capabilities are essential for building trusted, production-ready AI systems that can scale with operational demands.”

For AI Teams: Deliver Trusted AI with Unified, Governed Access to Structured and Unstructured Data

For AI and advanced analytics teams, Denodo Platform 9.4 expands how AI connects to enterprise data. The platform now enables secure integration with vector databases, enabling organizations to unify structured, semi-structured, and unstructured data — including documents, text embeddings, images, and other content — through a single logical data access layer.

In parallel, Denodo Platform 9.4 embeds support for the Model Context Protocol (MCP) directly into the platform, making governed data access a shared enterprise-wide service rather than a feature that needs to be implemented agent-by-agent. Any MCP-compatible AI agent or client can securely discover and query live enterprise data using approved semantics and policies, while governance teams retain full visibility and control.

These new capabilities provide AI teams with a consistent, production-ready way to ground agents and models with trusted, real-time enterprise data — without sacrificing security, compliance, or flexibility as AI initiatives scale.

For Data Teams: Faster Time-to-Insight and Accelerated ROI for the Lakehouse

For data engineering and platform teams, Denodo Platform 9.4 introduces Lakehouse Accelerator, the next evolution of Denodo’s embedded MPP capabilities. By embedding the open-source Velox execution engine, Lakehouse Accelerator delivers up to 4x faster query performance, improved CPU and memory efficiency, and better scalability for advanced analytics and AI workloads.

These enhancements enable data teams to support more users and more concurrent workloads, including AI workloads, while reducing infrastructure costs and operational overhead. More importantly, they help organizations extract greater value from existing lakehouse investments — accelerating time-to-insight and successful AI initiatives without forcing data movement, re-engineering, or disruption to existing architectures.

For Business Users: Conversational Interaction with Trusted Enterprise Data

For CEOs and other business users, Denodo Platform 9.4 delivers a more intuitive way to interact with data through a conversational, agentic AI experience embedded within the Denodo Data Marketplace. The Data Marketplace is business users’ single point of access across all enterprise data, via an e-commerce like experience designed for all users regardless of technical skill level. With 9.4, users can ask questions and explore enterprise-wide data using natural, multi-turn conversations with a reasoning agent, without needing to understand underlying schemas, tools, or technical details. This conversational experience also provides greater transparency into how questions are interpreted and answered, dynamically explaining steps and prompting for user input when intent or context is unclear.

By embedding conversational access directly into the Marketplace, Denodo democratizes data access while maintaining enterprise-grade governance. This guided, interactive approach reduces ambiguity and improves trust in results, giving business users faster answers and clearer insight, while data and platform teams remain confident that every interaction is grounded in trusted data products, shared business context, and consistent policies.

From AI Potential to AI in Production

“Organizations are increasingly focused on turning AI ambition into real, operational outcomes,” said Alberto Pan, Chief Technology Officer at Denodo. “Denodo Platform 9.4 is designed to support that shift by strengthening the data foundation across data teams, AI teams, and business users alike. By combining performance, governance, and intuitive access to live data, we help customers move from AI experimentation to trusted, production-ready AI that can truly differentiate the business.”

Find out more:

• Blog: Trust: The Missing Ingredient in Successful AI Transformations
• What’s New in Denodo Platform 9.4

About Denodo

Denodo is a global leader in data management, powering trustworthy AI agents and applications. The Denodo Platform, an award-winning logical data management solution, transforms enterprise data into reliable insights for AI, analytics, and self-service initiatives. Organizations worldwide use Denodo to deliver AI-ready, business-ready data in a fraction of the time compared to traditional data lakehouses, achieving up to 4x faster time-to-insight, 345% ROI, and 10x better performance. For more information, visit denodo.com.

Media contacts
pr@denodo.com 

SOURCE: Denodo Technologies Inc. (“Denodo”)

Xsolla Celebrates International Women’s Day by Spotlighting Women in Games and Advancing Its Vision for Female Leadership

 

^{Graphic: Xsolla}


Accelerating Representation, Influence, And Leadership For Women Across The Gaming Industry

LOS ANGELES, March 9 (Bernama-BUSINESS WIRE) -- Xsolla, a global video game commerce company that helps developers launch, grow, and monetize their games, today reaffirmed its ongoing commitment to supporting women across the global gaming ecosystem through curated community initiatives, industry events, and thought leadership platforms in key growth markets, including Türkiye, Dubai, and Cyprus.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260308595758/en/ 

As the gaming industry continues to expand across emerging and high-growth markets, Xsolla is focused on empowering developers globally, including fostering a more inclusive ecosystem that gives women founders, studio leaders, publishers, and entrepreneurs greater access to visibility, networks, and opportunities.

Through a series of targeted industry gatherings and community-led discussions, Xsolla has actively supported conversations around women in leadership in gaming. Most recently, in Dubai, Xsolla hosted a dedicated event that convened women founders and senior leaders from across the Middle East and neighboring markets. As the MENA gaming market continues its rapid expansion, with revenues projected to reach $9.57 billion by 2030, the event provided a platform for open dialogue, knowledge sharing, and conversations on scaling studios for regional and global growth.

In 2025, Xsolla co-organized the Women in Games Cyprus conference alongside Axlebolt, WN, and the Women in Games Association, a dedicated gathering of more than 70 senior leaders featuring panels, roundtables, and workshops designed to help women and allies connect, collaborate, and grow together professionally and personally.

With a strong and rapidly growing gaming ecosystem that reached $1.01 billion in revenue in 2025, Türkiye represents another critical focus market. Home to a new generation of talented women professionals across the video game landscape, Xsolla sees significant opportunity to support this rapidly growing market by connecting regional talent to the global gaming industry through its international network and sector expertise.

By leveraging its suite of tools, partnerships, and events, Xsolla aims to:

• Increase visibility for women leaders and founders in gaming
• Encourage mentorship and peer-to-peer collaboration
• Facilitate cross-border connections between regional studios and global markets
• Support sustainable growth across emerging gaming hubs

“Representation matters, not only at the executive level, but across every layer of the gaming ecosystem,” said Ilayda Bayari, VP of Business Development EMEA at Xsolla. “By fostering mentorship, creating visible role models, and building meaningful connections between regional talent and global networks, Xsolla helps create real pathways for the next generation of women entering the industry. A more inclusive ecosystem drives stronger innovation, better decision making, and long-term growth for the entire ecosystem.”

Back at home in Los Angeles, Xsolla is championing female leaders within the organization and in the community who lead our teams across various roles, including Legal, Human Resources, Office Directors, Business Development, Training, and Customer Success. Our leaders are active participants in inclusive organizations across the industry and beyond, earning recognition from Women We Admire and OnConferences' Top Leaders, and contributing as speakers and hosts for events, including with Women in Games and Women in Games International. We believe in providing opportunities for growth and leadership through internal advancement, cross-functional collaboration, and active participation in industry organizations that support and celebrate women in gaming.

By supporting inclusive leadership and cross-border collaboration, Xsolla continues to contribute to a more connected and opportunity-rich global industry.

For more information about Xsolla and its gaming ecosystem initiatives, please visit: Xsolla.com

To learn more about how Xsolla celebrates International Women’s Day, visit: https://xsolla.pro/IWD-2026

About Xsolla

Xsolla is a global commerce company with robust tools and services to help developers solve the inherent challenges of the video game industry. From indie to AAA, companies partner with Xsolla to help them fund, distribute, market, and monetize their games. Grounded in the belief in the future of video games, Xsolla is resolute in the mission to bring opportunities together, and continually make new resources available to creators. Headquartered and incorporated in Los Angeles, California, Xsolla operates as the merchant of record and has helped over 1,500+ game developers to reach more players and grow their businesses around the world. With more paths to profits and ways to win, developers have all the things needed to enjoy the game.

For more information, visit xsolla.com.

View source version on businesswire.com: 
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Contact

Media Contact
Derrick Stembridge
Vice President of Global Public Relations, Xsolla
d.stembridge@xsolla.com

Source : Xsolla

Xsolla Agency Connects Game Developers With Entertainment-Based IP

 

Graphic: Xsolla

KUALA LUMPUR, March 6 (Bernama) -- Xsolla, a global video game commerce company, has launched Xsolla Agency, a comprehensive service connecting game developers with premium entertainment-based intellectual property (IP).

The integrated offering addresses key challenges faced by game creators by providing access to world-class IP, global monetisation capabilities and the operational infrastructure needed to build sustainable businesses.

“We have built the infrastructure to solve commerce problems for game creators and developers. Now we are extending this expertise to bring entertainment-based IP to game developers, giving studios of all sizes the tools to grow their audiences and revenue,” said Xsolla President, Chris Hewish in a statement.

Xsolla Agency simplifies access to entertainment-based licences through expert-led negotiations and industry relationships, offering affordable monetisation-focused deals structured for maximum return on investment (ROI).

The service is supported by the same commerce infrastructure powering more than 1,500 game developers across over 200 geographies, including global payments with more than 1,000 payment methods, as well as distribution and platform enablement.

The Xsolla Agency offers premium IP licences sourced through expert-led negotiation with established entertainment industry relationships, along with simplified operations that make traditionally complex, expensive, and inaccessible licensing more accessible.

In addition, creator-centric tools, data analytics, fraud prevention and compliance support are offered to reduce operational friction and allow creators to focus on developing their content. Operational services are also available to filmmakers and musicians.

Through the service, game developers can benefit from increased discoverability, reduced user acquisition costs and higher player spending through licensed IP, while creators gain greater control over their content as Xsolla manages the backend infrastructure.

-- BERNAMA