Media OutReach

Aon plc has signed an agreement to acquire Global Insurance Brokers, a leading broking firm in India, expanding its capabilities in the Indian market. This acquisition will enhance Aon's risk capital offering and position the company as a leading risk advisor in India.

Oi Wah Pawnshop Credit Holdings, a Hong Kong-based financing service provider, has opened a new service center at the MTR East Tsim Sha Tsui Station. The center features a fresh design and offers a streamlined one-stop loan solution through the Group's new mobile app. Oi Wah aims to breathe new life into the traditional pawnshop business and cater to the evolving needs of its clients.

Greenbriar Capital Corp has reached a settlement agreement with the Puerto Rico Energy Power Authority, withdrawing its $951 million claim against PREPA and agreeing on pricing for a renewable energy project. The agreement is awaiting approval from PREB and FOMB.

The '2023 ESG and Green Finance Opportunities Forum' in Hong Kong discussed combating climate risks and achieving a sustainable future through transition finance and innovative technology. The event included panel discussions on topics such as transition finance, social impact investments, regulatory updates on ESG reporting, and decarbonization strategies. The Chamber of Hong Kong Listed Companies (CHKLC) organized the forum, which was sponsored by Hang Seng Bank.

Infineon Technologies AG has acquired 3db Access AG, a Zurich-based startup specializing in secured low power Ultra-Wideband (UWB) technology. The acquisition strengthens Infineon's portfolio for smart access and enhances its connectivity range. UWB chipset market is expected to reach US$3.1 billion by 2028.

INK ASIA 2023, the pioneering art fair dedicated to ink art, successfully opened with support from the Mega Arts and Cultural Event Fund. The event will feature captivating exhibitions, installations, and educational activities from 5-8 October 2023.

AXA Hong Kong and Macau has launched a new critical illness plan, CareForAll, with relaxed underwriting requirements and comprehensive wellbeing support. The plan aims to provide coverage for individuals living with chronic diseases, the elderly population, and survivors of critical illnesses. The plan offers coverage up to HKD 2 million and simplified underwriting processes. In addition, it provides wellbeing support, including free medical check-ups and a step count program. The plan is designed to address the needs of underserved communities and promote a healthier lifestyle.

Phillips-Medisize and GlucoModicum have partnered to design a non-invasive continuous glucose monitor (CGM) called Talisman, which uses magnetohydrodynamic (MHD) technology. The device is still awaiting FDA approval and CE marking but has shown promising results in extracting interstitial fluid and sensitivity to glucose molecules. Phillips-Medisize will leverage their manufacturing capabilities to produce the device once regulatory approval is obtained.