Wings soars with 2 narrowbody commercial aircraft purchase

KUALA LUMPUR, March 31 (Bernama) -- Wings Capital Partners LLC (Wings) has announced the purchase of two narrowbody commercial aircraft, adding one Boeing 737-8 MAX aircraft and one Airbus A321-200 aircraft to its portfolio.

This transaction, coupled with other recent acquisitions, has added seven narrowbody aircraft to the Wings portfolio over the last two quarters. Each of the newly-purchased aircraft is on lease to prominent airlines in Europe and the United States.

“Growing the Wings’ portfolio with high quality, young aircraft is a core tenet of our long term strategy,” said Senior Vice President, Head of Aircraft Transactions, Nicolas P. Stable in a statement.

Notably, one acquisition involved the transfer of the beneficial interest in the aircraft (with a lease attached) from SMBC Aviation Capital over the newly-created GATS online platform, a first for both companies.

“SMBC Aviation Capital is pleased to continue our trading partnership with Wings Capital Partners,” said Head of Aircraft Trading, SMBC Aviation Capital,  Michael Littleton.

“We are also delighted to have completed this transfer using the GATS platform, a first for all parties involved and we value the support of the teams at Wings and the airline that made this possible.”

Wings Capital Partners LLC (Wings) is a private, full-service aircraft leasing platform primarily investing in single-aisle, in-production commercial jet aircraft on lease to airlines worldwide.

-- BERNAMA

Toshiba's 150V N-channel power MOSFET uses U-MOSX-H, improving power supply efficiency

KUALA LUMPUR, March 31 (Bernama) -- Toshiba Electronic Devices & Storage Corporation (Toshiba) has launched a 150V N-channel power MOSFET ‘TPH9R00CQH’ that uses the latest-generation process, ‘U-MOSX-H’, and that is suitable for use in switching power supplies for industrial equipment -- including those deployed in data centres and communications base stations.

According to a statement, TPH9R00CQH has drain-source on-resistance about 42 per cent lower than TPH1500CNH, a 150V product that uses the current-generation process, U-MOSVIII-H.

Optimisation of the new MOSFET's structure has improved the trade-off between the drain-source on-resistance and two charge characteristics, realising excellent low-loss characteristics.

In addition, spike voltage between the drain and source at switching operation is reduced, helping to lower electromagnetic interference (EMI) in switching power supplies.

Two types of surface mount packages are available: SOP Advance and the more popular SOP Advance (N).

Toshiba also offers tools that support circuit design for switching power supplies. Alongside the G0 SPICE model, which can verify the circuit function in a short time, the highly accurate G2 SPICE models, which accurately reproduce transient characteristics, are now available.

Toshiba will expand its lineup of power MOSFETs that improve equipment power supply efficiency by cutting losses, helping to reduce power consumption.

More details at https://toshiba.semicon-storage.com/ap-en/top.html

-- BERNAMA

WINGS ANNOUNCES AIRCRAFT ACQUISITIONS

NEWPORT BEACH, Calif., March 30 (Bernama-BUSINESS WIRE) -- Wings Capital Partners LLC (“Wings”) announced today the purchase of two narrowbody commercial aircraft, adding one Boeing 737-8 MAX aircraft and one Airbus A321-200 aircraft to its portfolio. This transaction, coupled with other recent acquisitions, has added seven narrowbody aircraft to the Wings portfolio over the last two quarters. Each of the newly purchased aircraft are on lease to prominent airlines in Europe and the United States.

“Growing the Wings’ portfolio with high quality, young aircraft is a core tenet of our long term strategy,” said Nicolas P. Stable, Senior Vice President, Head of Aircraft Transactions.

Notably, one acquisition involved the transfer of the beneficial interest in the aircraft (with a lease attached) from SMBC Aviation Capital over the newly-created GATS online platform, a first for both companies.

“SMBC Aviation Capital is pleased to continue our trading partnership with Wings Capital Partners,” said Michael Littleton, Head of Aircraft Trading, SMBC Aviation Capital. “We are also delighted to have completed this transfer using the GATS platform, a first for all parties involved and we value the support of the teams at Wings and the airline that made this possible.”

About Wings Capital Partners

Wings Capital Partners LLC (Wings) is a private, full-service aircraft leasing platform primarily investing in single-aisle, in-production commercial jet aircraft on lease to airlines around the world. Led by best-in-class management team with significant aviation leasing experience (34 years average for senior team) and long-standing airline, lessor, banking, investor and legal relationships.

Wings is owned by active investors, Corrum Capital Management, Sightway Capital, a Two Sigma Company, and the Wings Management Team.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220329006019/en/ 

Contact

Cathy Egan
media@wingscap.com 

Source : Wings Capital Partners LLC 

--BERNAMA

Sun Hung Kai Properties Insurance Limited Credit Ratings affirmed - AM Best

KUALA LUMPUR, March 28 -- 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.

According to a statement, 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.

SHKPI’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), is maintained at the strongest level.

The higher-risk assets, including non-investment-grade bonds and unlisted equities, and some sector concentration in the company investment portfolio exposed its risk-adjusted capitalisation to considerable market and credit risks.

However, AM Best considers the company’s capital buffer is sufficient to absorb the associated investment risks. The company’s reinsurance programme remained appropriate, with reinsurer panels in good credit quality.

SHKPI is a wholly owned subsidiary of Sun Hung Kai Properties Limited, one of the largest property development and investment conglomerates in Hong Kong. It benefits from its parental network to write most of its business from associated and subsidiary companies.

The stable outlooks reflect AM Best’s expectation that SHKPI will maintain its strong operating performance, supported by a continued profitable underwriting portfolio, low acquisition cost structure, and positive investment returns in the intermediate term.

Negative rating actions could occur if there is significant deterioration in SHKPI’s operating performance, for example, due to lower investment returns or weakened underwriting results. 

United States-headquartered AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

More details at www.ambest.com.

-- BERNAMA

NIPPON EXPRESS (MIDDLE EAST) BECOMES FIRST JAPANESE LOGISTICS COMPANY TO ACQUIRE GDP CERTIFICATION IN MIDDLE EAST

TOKYO, March 29 (Bernama) -- Nippon Express (Middle East) L.L.C. (hereinafter "NX Middle East"), a group company of Nippon Express Holdings, Inc., on February 3, 2022, became the first Japanese logistics company in the Middle East to obtain Good Distribution Practice (GDP) certification for forwarding operations, inclusive of temporary storage, at its Jebel Ali Free Zone Logistics Center in Dubai, evidencing its compliance with GDP standards for the proper distribution of pharmaceuticals.

Logo: https://kyodonewsprwire.jp/img/202203249072-O3-yM6iEBfY

Photo1: NX Middle East Head Office
https://kyodonewsprwire.jp/img/202203249072-O2-7fDG2zHr

Photo2: Jebel Ali Free Zone Logistics Center
https://kyodonewsprwire.jp/img/202203249072-O1-7p3Y74C0

The United Arab Emirates (UAE) has been making focused efforts to attract the healthcare industry, and numerous pharmaceutical manufacturers and R&D institutions are expected to set up operations there in future. Dubai, the largest city in the UAE, functions as a hub for COVID-19 vaccine transport in the Middle East and Africa, and is also home to the world's largest hub warehouse for pharmaceutical aid supplies from U.N. agencies such as the World Food Programme (WFP).

Having acquired GDP certification for temporary storage and air/ocean forwarding of pharmaceutical products, NX Middle East will be combining the NX Group's international temperature-controlled transport services with temporary storage and forwarding functions at its GDP-certified warehouse to provide a safe and high-quality pharmaceutical distribution platform.

The NX Group, formerly the Nippon Express Group which renamed its corporate group name following transition to a holding company system in January, will continue stepping up its initiatives in the pharmaceutical industry, identified as a priority industry in the Group's Business Plan, and globally enhancing and expanding its services to meet the increasingly sophisticated and diversified pharmaceutical transport needs of its customers.

Name and address of facility
Name: Jebel Ali Free Zone Logistics Center, Nippon Express (Middle East) L.L.C.
Address: Jebel Ali Free Zone Plot No. S10701, Dubai, U.A.E.

Nippon Express website: https://www.nipponexpress.com/

NX Group's official LinkedIn account:
https://www.linkedin.com/company/nippon-express-group/

Source: Nippon Express Holdings, Inc.

--BERNAMA

Godhwani, Bresnahan in Berkshire Hathaway Specialty Insurance executive leadership roles

KUALA LUMPUR, March 24 -- Berkshire Hathaway Specialty Insurance (BHSI) has announced Sanjay Godhwani named President, North America Region, while David Bresnahan will take on the role of Global Chief Operating Officer.

“Sanjay and Dave have been pivotal in the building of BHSI since our launch in 2013, helping to build our product lines, our talented team and our positive culture,” said BHSI President and CEO, Peter Eastwood.

“In their new roles, they will have a continued positive impact on our team and our ability to bring certainty and service excellence to our customers and distribution partners around the globe,” he said in a statement.

Godhwani will be responsible for all North America Region underwriting and underwriting support groups, customer & broker engagement, and BHSI’s Global Catastrophe Engineering & Analytics group.

With more than 25 years of industry experience and being a fellow of the Casualty Actuarial Society, he continues to be based in Boston.

In his new role, Bresnahan, who has more than three decades of insurance industry experience, will oversee real estate and administration, finance, audit, information technology and operations throughout BHSI’s global platform. He continues to be based in Boston.

Berkshire Hathaway Specialty Insurance provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident and health, medical stop loss, homeowners, and multinational insurance.

Based in Boston, Berkshire Hathaway Specialty Insurance has offices in Atlanta, Boston, Chicago, Houston, Indianapolis, Irvine, Los Angeles, New York, San Francisco, San Ramon, Seattle, Stevens Point, Adelaide, Auckland, Brisbane, Cologne, Dubai, Dublin, Frankfurt, Hong Kong, and, Kuala Lumpur, among others.

More details at www.bhspecialty.com.

-- BERNAMA

Nan Shan General Insurance Co Ltd Credit Ratings assigned - AM Best

KUALA LUMPUR, March 18 -- Global credit rating agency, AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of ‘a-’ (Excellent) to Nan Shan General Insurance Co Ltd (Nan Shan General) Taiwan. The outlook assigned to these Credit Ratings (ratings) is stable.

The ratings reflect Nan Shan General’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 (ERM).

According to a statement, Nan Shan General was established in 1962. On Sept 1, 2016, it was fully acquired by Nan Shan Life Insurance Co Ltd (Nan Shan Life), which is owned by Ruen Chen Investment Holding Co Ltd (Ruen Chen), a Taiwan-based joint venture funded by Ruentex Group (collective stake of 80 per cent of Ruen Chen) and Pou Chen Group (20 per cent).

Nan Shan General’s very strong level of balance sheet strength is underpinned by its strongest level of risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), as well as the protective reinsurance arrangements, the diversified fixed-income oriented investment portfolio and strong liquidity.

United States-headquartered AM Best expects the company’s BCAR score to exhibit a downward trend over the forecast period as increases in underwriting and investment risks outpace organic growth in capital and surplus due to the moderately high dividend payout ratio. Notwithstanding, the company’s capital position is expected to remain supportive of its current ratings over the short to intermediate term.

During 2016 to 2020, Nan Shan General reported positive operating results, with average return-on-equity of 6.6 per cent for the five-year period, based on adjusted capital and surplus.

In recent years, the company’s investment performance continued to benefit from stable streams of interest and dividend income, as well as favourable capital gains. Going forward, AM Best expects the company’s asset allocation strategy to remain largely stable and generate low yet consistent net investment yields.

The company remains a small player in Taiwan’s non-life insurance market, with a market share of 3.2 per cent based on direct written premium in 2021. Leveraging the distribution support from Nan Shan Life’s life agency force, which contributed 85 per cent of Nan Shan General’s premium revenue in 2020, the company’s underwriting portfolio consists of a high proportion of personal line products, in particular voluntary motor.

For more information, visit www.ambest.com.

-- BERNAMA