Folgate rating upgraded after Hadron deal

AM Best has upgraded the Financial Strength Rating of Folgate Insurance following its acquisition by US hybrid carrier Hadron. The ratings agency boosted Folgate to A- (excellent) from B (fair) and the long-term issuer credit rating (long-term ICR) to ‘a-‘ (excellent) from ‘bb+’ (fair) in light of the deal announced in February. It had placed the … Read more

Bayanat and Oxa team up to drive innovation in autonomous vehicle technology

AI-powered geospatial and smart mobility solutions firm Bayanat AI has formed a strategic partnership with autonomous vehicle (AV) technology developer Oxa. The collaboration is described by the two parties as representing a significant step forward in autonomous vehicle technology, promising to deliver transformative solutions that will shape the future of urban mobility and smart city development. … Read more