WATCH INDIA VS PAKISTAN, LIVE & EXCLUSIVE ON YUPPTV

ATLANTA, Feb 29 (Bernama-BUSINESS WIRE) -- After an emphatic victory over hosts Bangladesh in the tournament’s opening match on Wednesday, India is set to face its archrival Pakistan on Saturday, 27th February.

The two sides have not played since their World Cup duel in 2015 as the proposed bilateral series in December did not materialize.

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A.M. BEST WITHDRAWS RATINGS OF AIG AUSTRALIA LIMITED

SINGAPORE, Feb 29 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” and has maintained the under review with negative implications status for AIG Australia Limited (AIG Australia) (Australia). The ultimate parent company is American International Group, Inc. (AIG) [NYSE: AIG]. The ratings of all AIG’s subsidiaries remain under review with negative implications over concerns of the strengthening of loss reserves in AIG’s non-life business by $3.6 billion during the fourth quarter of 2015. Concurrently, A.M. Best has withdrawn AIG Australia’s ratings in response to the company’s request to no longer participate in A.M. Best’s interactive rating process.

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PHOENIX SOLAR CONFIRMS STRONG COMMITMENT TO ITS ASIA PACIFIC BUSINESS REGION

SULZEMOOS, Germany & SINGAPORE, Feb 29 (Bernama-BUSINESS WIRE) -- Phoenix Solar AG (ISIN DE000A0BVU93), a leading international photovoltaic system integrator listed on the Prime Standard of the Frankfurt Stock Exchange underscores its strong commitment to its Asia Pacific business region by appointing a new General Manager of its Singapore based subsidiary Phoenix Solar Pte Ltd. Eric Fleckten (43), who assumed this position in fall 2015 already, is an experienced renewable energy leader having held top management positions with companies such as SunEdison and with a strong commitment to South East Asia where he has been active for many years.

Recent achievements of Phoenix Solar's Asia Pacific operations include a partnership agreement with an investment partner aimed at satisfying the growing demand for so-called "solar leasing". Under this scheme an investor will commission and own a commercial PV system and sell the generated solar electricity to the building owner. This end customer contributes unused space on its industrial buildings and will purchase the clean electricity of the new PV system under a long term power purchase agreement. Among the first projects successfully executed under this cooperation is a 2.3 MWp photovoltaic rooftop system for a major multinational aerospace company in Singapore. Also, the recently established Phoenix Solar Philippines Inc. in the meantime has won an initial contract to design and build a 700 kWp photovoltaic rooftop system which is currently being executed. Sales activities in all target markets are currently being intensified.

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A.M. BEST AFFIRMS RATINGS OF NATIONAL INSURANCE COMPANY LIMITED

SINGAPORE, Feb 29 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of B (Good) and the issuer credit rating of “bbb ” of National Insurance Company Limited (National) (India). The outlook for both ratings is stable.

The ratings consider National’s strong risk-adjusted capitalization, overall profitability and strong presence in the non-life insurance market in India.

National’s ratings are supported by its strong risk-adjusted capitalization. Premium leverage remains moderate as continued overall profitability, supported by investment results, has helped the company to grow its capital. Its capital position stood at INR126 billion (USD 2 billion) at financial year-end 2015. National remains the second largest direct non-life insurer in India’s market.

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A.M. Best Revises Outlook To Negative For ECICS Limited

SINGAPORE, Feb 29 (Bernama) -- A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of "a-" of ECICS Limited (ECICS) (Singapore).

The revised outlook reflects the decline in the company's operating performance due to weakened demand and competition in ECICS' core business. Since inception, ECICS has focused on construction bond and trade credit insurance, which are small and cyclical segments of the market.

http://www.bernama.com/bernama/v8/newsindex.php?id=1220182

A.M. Best Affirms Ratings Of Tugu Insurance Company Limited

HONG KONG, Feb 29 (Bernama) -- A.M. Best has affirmed the financial strength of B++ (Good) and the issuer credit rating of "bbb" of Tugu Insurance Company Limited (Tugu) (Hong Kong). The outlook for both ratings is stable.

The rating affirmations reflect Tugu's strong risk-adjusted capitalization, conservative investment portfolio and initiatives undertaken to improve underwriting stability. Tugu's risk-adjusted capitalization, as measured by the Best's Capital Adequacy Ratio (BCAR), remains strong with a relatively low level of net premium leverage and low investment risk profile. The company mainly invests in cash and bonds that provide good liquidity to serve its claims obligations, while its investment portfolio also contributes a stable stream of interest income to net profits. The company has implemented initiatives to reduce underwriting volatility by slowing premium growth in Hong Kong's employee compensation insurance segment and by diversifying its revenue sources toward overseas business.

http://www.bernama.com/bernama/v8/newsindex.php?id=1220184

Major Apartment Development Opportunity In One Of Australia's Fastest Emerging New Cities

BRISBANE, Queensland, Feb 29 (Bernama) -- Springfield Land Corporation, the multi-award winning city developer of Greater Springfield, announced today that it is seeking expressions of interest from development and capital partners to deliver a major medium density apartment project in City Centre North, with an estimated end value of more than $6 billion, located adjacent to the rail station and transit hub in the heart of Greater Springfield.

Greater Springfield is located in Queensland, Australia and has a total land area of 2,860 hectares (7,067 acres). Approximate travel times by car are: 30 minutes from south-west of the Brisbane CBD, 35 minutes from Brisbane's domestic and international airports and 50 minutes from the Gold Coast.

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