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Showing posts from October, 2017

CLH to supply fuel to five Panama airports

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CLH to supply fuel to five Panama airports
CLH Aviación will supply fuel to five Panama airports and manage their storage facilities after being awarded the tender, organised by the Panama Government.
Among other airports, the company will manage the International Airport of Tocumen, which services the Panamanian capital and is considered one of the most important in the continent.
The fuel supply contract will also cover the future Terminal 2 at Tocumen, which is estimated to start operations in 2018, and to four airports located inland: Scarlett Martínez, Enrique Jiménez de Colón, Panamá Pacífico and Enrique Malek.
It will also manage the storage facilities at the five airports under a concession scheme for a period of ten years and will also build a new service station in the terminal at Tocumen airport.
This marks the start of the CLH Group's fourth international operation.

José Luis López de Silanes, chairman of the CLH Group, says: 'This transaction represents a boost for the …

ROKU Launches in Panama

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ROKU Launches in Panama
ROKU INC. today announced it is making its streaming platform available to consumers and content publishers in Panama. The company unveiled two streaming players that will come to market in the coming weeks – the Roku Express+ which is great for HD streaming, and the Roku Streaming Stick+ capable of streaming HD, 4K and 4K HDR at up to 60 fps. Content publishers who want to use the internet to deliver video to consumers can develop streaming channels for the Roku Channel Store in Panama.
“Streaming is gaining popularity quickly around the world, and in particular in Panama, because it allows consumers to watch TV on their terms. To meet the demand we are launching our affordable and easy to use streaming players in Panama,” said Chas Smith, general manager of Roku TVs and players. “The Roku Express+ is one of our most popular streaming players, and is a great starting point for first time streamers because it works with virtually any TV. We’re also delivering our…

A.M. Best Upgrades Issuer Credit Rating of Chubb Seguros Panama S.A.

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A.M. Best Upgrades Issuer Credit Rating of Chubb Seguros Panama S.A.
A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Chubb Seguros Panama S.A. (Chubb Panama) (Panama). The outlook of these Credit Ratings (ratings) remains stable.
The upgrade of the Long-Term ICR reflects Chubb Panama’s continued strong risk-adjusted capitalization, its diversified business profile, a solid reinsurance program placed with Chubb Tempest Reinsurance Ltd. and the company’s affiliation to its ultimate parent, Chubb Limited, one of the world’s biggest insurance groups. This affiliation provides Chubb Panama synergies and operating efficiencies. Offsetting these positive factors are Chubb Panama’s modest, but growing market share within Panama’s insurance industry relative to the lines it writes, and the strong competitive environment in Panama’s insurance sector; however, the company partially mitig…