Archive for the ‘Uncategorized’ Category

Digital Alchemy Intelligent Software Ltd.: Insurance for Investors Demanding the Return OF Their Money vs. A Return ON …

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 23, 2012) - Digital Alchemy (DA), a secretive new developer of machine learning based risk management solutions, is pleased to announce that the Company is offering BC Investors up to $5,000,000 in RRSP and TFSA eligible shares triggering an immediate 30% refundable tax credit until February 29, 2012.

CEO J. Bradley Hall commented, "Today 70-80% of all trading is algorithmic or executed by machines. That article you just read in Fortune or the Wall Street Journal may also have been written by a learning machine. This is not hyperbole. Hedge funds put their computers into exchange data centers, just to improve trade execution times by 1/100th of a second. A chimpanzee with a blindfold has a better chance of scoring a million dollar goal from center ice than you do of beating these guys. So how do you protect your assets?"

Mr. Hall added, "We at DA may be able to help. We are raising $5,000,000 in funding to optimize a machine learning risk management platform developed over the last decade by a leading expert on AI and his team of PhD's. The solution has been quietly deployed as an alpha engine and it works. We are extending the functionality, so that large asset mangers, managed accounts and family offices will have their own secret weapon for defending against the pervasive algorithmic trading phenomenon."

In Closing Mr. Hall observed, "DA has a leadership team with proven global experience, a massive underserved marketplace and a disruptive game changing solution that should be generating revenue in just months. Those characteristics should have most investors salivating. If you add in the 30% refundable tax credits for BC investors and the fact that most investors will never have an opportunity to participate in pre-IPO companies like Zynga, Facebook or many of the other emerging Bay area companies, DA may represent a unique and compelling local opportunity to participate in the launch of what should be a successful and highly profitable venture."

The information contained in this press release does not constitute an offer to sell securities, or the solicitation of an offer to buy or recommendation for investment in any securities. The information is not intended as financial advice.

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Digital Alchemy Intelligent Software Ltd.: Insurance for Investors Demanding the Return OF Their Money vs. A Return ON ...

Morning take: Miami Dolphins flip a coin

February, 24, 2012

Feb 24

7:00

AM ET

Here are the most interesting stories Friday morning in the AFC East: The Miami Dolphins hope to get lucky Friday with a coin flip at the NFL combine against the Carolina Panthers. Morning take: Miami will get either the No. 8 or No. 9 pick. It doesn't sound like much, but every bit helps in the offseason.
The Buffalo Bills are set to meet with pending free-agent receiver Steve Johnson Friday. Morning take: This is crunch time for Johnson and the Bills. Both sides have been negotiating on and off since the regular season. If progress isn't made at the combine, Johnson's chances of remaining a Bill look dim.
The New England Patriots won't tip their hand on another pending free-agent receiver: Wes Welker. Morning take: The Patriots aren't going to let Welker walk. So expect New England to hand him the franchise tag soon. We will have more on Welker later in the AFC East blog (hint, hint).
Morning take: It will be hard for Ryan to change his boastful ways, but I think he learned a valuable lesson this past season. There are ways to be confident without being brash. Tags:

Miami Dolphins, New England Patriots, New York Jets, NFL, AFC East, New England Patriots, AFC East, Rex Ryan, Wes Welker, Miami Dolphins, New York Jets, Steve Johnson, Buffalo Bills

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Morning take: Miami Dolphins flip a coin

A.M. Best Affirms Ratings of National Grid Insurance Company (Isle of Man) Limited

LONDON--(BUSINESS WIRE)--

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a” of National Grid Insurance Company (Isle of Man) Limited (NGIC). The outlook for both ratings is stable.

The ratings of NGIC reflect its strong risk-adjusted capitalisation and comprehensive reinsurance programme. Also, the ratings outcome incorporates a strong integration within the parent’s, National Grid Plc (NG Plc), risk management structure. An offsetting rating factor for NGIC is its historic volatile underwriting performance.

A.M. Best expects NGIC’s business mix to remain largely unchanged. It is expected that the volume of premiums written will increase again in 2012/2013 in line with inflation.

A.M. Best anticipates that NGIC’s risk-adjusted capitalisation is likely to remain very strong over the next two years. NGIC is likely to continue to release a significant proportion of its reserves for outstanding claims in the next two years as claims are closed or conservative reserves are reduced and hence will reduce risk-adjusted requirements. A.M. Best considers NGIC’s reinsurance programme as comprehensive and adequate.

A.M. Best believes that there is a certain degree of volatility within the company’s portfolio due to the nature of the risks insured by NGIC. However, a recent increase in premium rates is expected to alleviate the impact of high frequency claims on the company’s performance. For the year ending March 2012 and going forward, NGIC is expected to produce good underwriting results.

Upward rating movements are unlikely in the next two years.

Negative rating actions could occur if there were a significant deterioration in NGIC’s risk-adjusted capitalisation linked to no evidence of support from NG Plc to boost capitalisation. In addition, a significant deterioration in NG Plc’s financial position would likely lead to a review of NGIC’s ratings.

The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Key criteria utilised include: “Alternative Risk Transfer (ART)”; “Understanding Universal BCAR”; “Rating Members of Insurance Groups”; and “Risk Management and the Rating Process for Insurance Companies”. Best’s Credit Rating Methodology can be found at http://www.ambest.com/ratings/methodology.

In accordance with Regulation (EC) No. 1060/2009, the following is a link to required disclosures: A.M. Best Europe - Rating Services Limited Supplementary Disclosure.

A.M. Best Europe – Rating Services Limited is a subsidiary of A.M. Best Company. Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit http://www.ambest.com.

Copyright © 2012 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

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A.M. Best Affirms Ratings of National Grid Insurance Company (Isle of Man) Limited

Island To Host Six Nations Junior Table Tennis International

by Colin Brown

The top young table tennis players in the British Isles will be in action at the National Sports Centre in a few weeks time when the Isle of Man hosts the Six Nations Junior and Cadets International, sponsored by Isle of Man Bank.

Teams from England, Scotland, Ireland, Wales and Guernsey will be joining the Island squad in a competition spread over three days.  The team events – involving both boys and girls – take place on Friday 9th March and Saturday 10th March with the individual events following on the Sunday.  Players will be competing at junior (under 18) level and cadets (under 15.)

One of the organisers, Mike Bayley, Acting Chairman of the Isle of Man Table Tennis Association said it was the Isle of Man’s turn to host the prestigious annual event and it was an excellent opportunity for the Island’s top young players to test themselves on home soil against the very best in the UK.

Said Mike: ‘As far as spectators are concerned, it is an opportunity not to be missed.  Many of the players on view will later go on to represent their countries at Commonwealth Games and Olympic level and become the stars of the future.  The standard of table tennis on view from players so young will be a real eye-opener for many people.’

Isle of Man Bank is sponsoring the event – as it did when the Six Nations Senior International was held in the Island two years ago.  Head of Premium Banking, Ian Perry, will be presenting the team awards on the Saturday afternoon as well as the individual trophies at the end of Sunday’s play.

John Lindon, Isle of Man Bank’s Community Investment Manager, said sport – particularly at junior level - was one of the Bank’s main focus areas.  He added: ‘The value of sport cannot be overestimated as it helps young people in all areas of their development and also sets them on the path to a healthy lifestyle.

The names of the members of the Isle of Man squads will be announced shortly.

-ENDS-

In Other Isle of Man News

If you'd like to send any information or news releases to us then please feel free to do so and we would be more than happy to consider sharing your news with the Isle of Man!

Send your Isle of Man news to:webmaster@manx.net

© Manx Telecom Ltd 2012

Manx Telecom Ltd, Isle of Man Business Park, Cooil Road, Braddan, Isle of Man IM99 1HX
Registered in the Isle of Man Reg no.5629V Vat Reg no GB 003-2919-12

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Island To Host Six Nations Junior Table Tennis International

Celton Manx Continues Support of Isle of Man Football Team

by Isle of Man Advertising

Celton Manx is extending its support of the Senior Men’s National Football Team for the 2012/13 season. Celton Manx is the locally based operator of SBOBET.com and it is SBOBET that the senior men’s kit has been branded with for the past two years.

Executive Director Bill Mummery and Head of Business Development Mike Stanton, attended the quarter final of the FA Inter League against Liverpool County last weekend at the Bowl to see their team in action. The FA Inter League Cup is run by the Football Association to provide an English representative in the UEFA Regions’ Cup. The Isle of Man national team won the competition in 2006 and went on to represent England in the Regions’ Cup.

A record 1,300-strong crowd were there to cheer on the Manx team, in the most remarkable weather conditions, to a 5-3 victory. The Manx team looked to be out of the competition at half-time trailing 0-3 but made an amazing comeback to reach the semi-finals of the cup.

Executive Director of Celton Manx, Bill Mummery said: ‘Despite the torrid weather conditions on Saturday it was great to see so many people out supporting our Manx National Team. We are very proud to be able to sponsor our talented local team and the quality shown on the pitch was fantastic. Both teams played with a level of sportsmanship that is often sadly lacking in modern football, it was a pleasure to watch.  I am looking forward to the semi-finals and hopefully seeing our team go all the way and lift the cup!’

Frank Stennett, Chief Executive Officer of the Isle of Man Football Association said: ‘We were delighted that Celton Manx and SBOBET has agreed to continue its sponsorship of the Senior Men’s Representative Team for this season. It really is tremendous news and is very much appreciated by all the squad players and indeed the directors on the board here at the IOMFA.

‘Saturday’s match showed the amount of support we have in the Island and the quality of our team. I am very excited for the semi-finals and the other competitions the team will be involved in this year.’

The semi-final tie will be played against Southern Amateur League on Saturday 24th March at the Bowl, Douglas with a 3-00pm kick-off . 

To get your tickets please contact Ann Garrett at the IOMFA on 615576.
 
-ENDS-

Saturday’s match showed the amount of support we have in the Island and the quality of our team.

Frank Stennett, Chief Executive Officer of the Isle of Man Football Association

In Other Isle of Man News

If you'd like to send any information or news releases to us then please feel free to do so and we would be more than happy to consider sharing your news with the Isle of Man!

Send your Isle of Man news to:webmaster@manx.net

© Manx Telecom Ltd 2012

Manx Telecom Ltd, Isle of Man Business Park, Cooil Road, Braddan, Isle of Man IM99 1HX
Registered in the Isle of Man Reg no.5629V Vat Reg no GB 003-2919-12

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Celton Manx Continues Support of Isle of Man Football Team