Best’s Commentary: Hong Kong Fire Expected to be Credit Negative for (Re)Insurers

HONG KONG, Dec 2 (Bernama-BUSINESS WIRE) -- AM Best expects a material portion of the gross incurred loss in the deadly Hong Kong apartment fire to be transferred to reinsurers, which may halt downward pressure on Hong Kong property reinsurance rates amid a global reinsurance softening backdrop.

In its Best’s Commentary, “Hong Kong Fire Expected to be Credit Negative for (Re)Insurers,” AM Best states that residential property all-risk policies have been viewed as low-severity exposures by Hong Kong insurers. However, this event highlights the potential for risk accumulation in high-rise condominiums within a densely populated city. The Hong Kong fire loss is expected to be significant, involving multiple lines of business, including property, engineering, public liability, third-party liability, employee compensation, personal accident, motor and life insurance. Property losses are anticipated to dominate general insurance claims, underscoring significant protection gaps in public liability, third-party liability, and professional indemnity coverage.

According to the commentary, primary insurers typically maintain reinsurance arrangement in various forms—facultative, proportional and non-proportional treaties—to safeguard their balance sheets. Therefore, a material portion of the gross incurred loss is expected to be borne by reinsurers. With reinsurance January 1 renewals approaching, this event may trigger premium adjustments. Reinsurers also may respond by tightening terms and conditions.

“Loss-impacted proportional treaties will likely see commission reduction in subsequent years as form of payback, prompting potential restructuring for improved economic and capital efficiency,” said Christie Lee, senior director, head of analytics, AM Best. “The market anticipates stricter underwriting standards ahead, including unbundled coverages, added exclusions, and tighter controls on exposure accumulation.”

The fire in the densely packed Wang Fuk Court in Hong Kong's northern district of Tai Po has underscored the risk concentration in high-rise buildings, and may expose significant protection gaps in public liability, third-party liability and professional indemnity coverage. The fire marks a tumultuous end to 2025 after Hong Kong experienced record breaking rainfall in August after a series of Black Rainstorms. Preliminary estimates of USD 200 million or more suggest the gross loss could approach half the scale of Typhoon Mangkhurt in 2018, which totaled about USD 400 million, according to the Hong Kong Federation of Insurers.

To access the full copy of this commentary, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=360450.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251201960930/en/ 

Contact

Christie Lee
Senior Director, Head of Analytics
+852 2827 3413
christie.lee@ambest.com

Sridhar Manyem
Senior Director, Industry Research
And Analytics
+1 908 882 2087
sridhar.manyem@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Cynthia Ang
Senior Industry Research Analyst
+65 6303 5026
cynthia.ang@ambest.com 

Source : AM Best 

--BERNAMA 

Bitget Launches MONAD On-Chain Earn and 800,000 MON Trading Rewards as MON Lists on the Universal Exchange

VICTORIA, Seychelles, Dec 2 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), is marking the listing of Monad (MON) with a dual promotion that lets users earn high on-chain yields while competing for a share of an 800,000 MON reward pool through spot trading. The campaign reflects Bitget’s push to give users simpler, more rewarding ways to engage with new ecosystems as interest in modular L1 development accelerates.

MON is now available on Bitget with on-chain Earn subscriptions open at a promotional 20% APR from November 30 to December 7 (UTC+8). Users can subscribe flexibly through Bitget’s On-chain Earn interface on both web and app, making it one of the easiest entry points into Monad’s ecosystem at launch. When the promotion ends at noon on December 7, rates revert to their standard baseline displayed on the product page.

In parallel, Bitget is opening an 800,000 MON trading pool for users who accumulate a qualifying amount of MON between November 24 and December 7. A daily snapshot system records net increases in users’ MON Earn positions, and the average new balance becomes the basis for calculating individual airdrops. Rewards scale proportionally, allowing both new and experienced traders to compete fairly across the full campaign period. Airdrops are distributed within five working days after the event closes.

“MON is an exciting addition because it represents the next chapter of performance-first blockchain design,” said Gracy Chen, CEO of Bitget. “Users want real utility, real yield, and real participation, and our on-chain Earn and trading programs are designed to give them meaningful opportunities from day one.”

The MON launch arrives just ahead of Bitget’s expanded POS Earn lineup, which introduces a new suite of staking products built for users who prefer predictable, asset-backed yields. As the Universal Exchange continues unifying CeFi, DeFi, and payment rails in a single environment, these products give users a smoother and more intuitive path into on-chain earning without the usual complexity barriers.

The MON promotions mark another step in Bitget’s approach to UEX adoption: giving users a low-friction way to engage with tokens, earn through real on-chain mechanics, and benefit from trading activity in ways that feel accessible rather than intimidating. With more launches planned in December, Bitget continues to layer yield, liquidity, and discovery tools into a unified entry point for the next generation of on-chain participation.

For more details, visit here.

About Bitget

Established in 2018, Bitget is the world's largest Universal Exchange (UEX), serving over 120 million users with access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets, while offering real-time access to Bitcoin price, Ethereum price, XRP price, and other cryptocurrency prices, all on a single platform. The ecosystem is committed to helping users trade smarter with its AI-powered trading tools, interoperability across tokens on Bitcoin, Ethereum, Solana, and BNB Chain, and wider access to real-world assets. On the decentralized side, Bitget Wallet is an everyday finance app built to make crypto simple, secure, and part of everyday finance. Serving over 80 million users, it bridges blockchain rails with real-world finance, offering an all-in-one platform for on- and off-ramping, trading, earning, and paying seamlessly.

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
 
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0958d32c-6e06-4dc0-a2e5-e75cce10a21b

SOURCE: Bitget Limited

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

--BERNAMA​ 

Bitget Enhances Tokenized Stock Trading with BSC Network Migration

VICTORIA, Seychelles, Dec 2 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world's largest Universal Exchange (UEX), is taking tokenized stock trading to the next level by migrating its tokenized stock tokens (Ondo series) from Ethereum to the high-performance BSC (BEP20) network. In a move designed to enhance user experience and reduce costs, the platform has also extended its zero-fee trading promotion through January 16, 2026.

The shift delivers real benefits for users, allowing faster trades at lower costs, and a smoother experience for the millions trading tokenized stock tokens like Nvidia and Tesla. Starting today, every tokenized stock transaction will automatically run on BSC, eliminating hefty Ethereum gas fees. Combined with zero transaction fees, this change puts more money back in traders' pockets.

Gracy Chen, CEO of Bitget, shared, "This is really about listening to our community and delivering what matters most to them. BSC gives our traders the speed and cost efficiency they need to succeed, and by extending zero fees through January, we're making sure everyone has time to experience the benefits firsthand. We want to remove the barriers that get in the way of great trading experiences. When our users win, we all win."

The timing couldn't be better. Recent data shows tokenized stock token trading volume surged 446%, demonstrating explosive demand for accessible equity trading within the crypto ecosystem. This growth highlights a fundamental shift in how users want to engage with traditional markets: seamlessly, affordably, and on their own terms. By migrating to BSC, Bitget is responding directly to this surging interest, ensuring users can trade tokenized stock tokens like Nvidia, Tesla, Microsoft, and Amazon more efficiently while keeping more money in their pocket through reduced network costs.

The zero-fee promotion, set to expire on December 6, has been extended through January 16, 2026. That gives users over a month of fee-free trading on tokenized stocks with no transaction fees, no gas fees, and no hidden charges on any trade type (buy, sell, limit, or market orders). It's a meaningful window for users to experience the improved platform and see the benefits for themselves.

The BSC migration marks another step in Bitget's UEX vision, building a single platform where users have access to crypto assets, tokenized stock tokens and real-world assets without friction. By bridging traditional and digital markets with lower costs and faster execution, Bitget is building a unified investment environment where its 120 million users can move faster, smarter, and seamlessly between financial worlds.

For more details, visit here.

About Bitget

Established in 2018, Bitget is the world's largest Universal Exchange (UEX), serving over 120 million users with access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets, while offering real-time access to Bitcoin price, Ethereum price, XRP price, and other cryptocurrency prices, all on a single platform. The ecosystem is committed to helping users trade smarter with its AI-powered trading tools, interoperability across tokens on Bitcoin, Ethereum, Solana, and BNB Chain, and wider access to real-world assets. On the decentralized side, Bitget Wallet is an everyday finance app built to make crypto simple, secure, and part of everyday finance. Serving over 80 million users, it bridges blockchain rails with real-world finance, offering an all-in-one platform for on- and off-ramping, trading, earning, and paying seamlessly.

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a9d9d3bd-4cbe-4897-8661-e8e9f28611d7 

SOURCE: Bitget Limited

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

Datavault AI Signs Agreement with the World Boxing Council, Unlocks Global Event-Driven Monetization at Scale

 

• Company’s recurring licensing deal further monetizes Datavault’s patented ADIO® and Data Vault® with WBC sports and entertainment content
• Collaboration creates scalable, multi-event revenue pathways fueled by authenticated engagement
• WBC events are distributed across more than 170 countries
   

PHILADELPHIA , Nov 27 (Bernama-GLOBE NEWSWIRE) -- via IBN -- Datavault AI Inc. (Nasdaq: DVLT) (“Datavault” or “the Company”), a leader in data monetization, credentialing, and digital engagement technologies, today announced it has executed an agreement with the World Boxing Council (WBC)¹. The software licensing deal brings Datavault’s patented ADIO® ultrasonic engagement technology, DataVault®, VerifyU™, and Information Data Exchange (IDE) platform² to WBC championship events throughout the remainder of 2025 and 2026.

The WBC sanctions major boxing events distributed across more than 170 countries through broadcast and streaming partners¹ and is one of the most recognized and influential sanctioning bodies in professional boxing. Founded in 1963, the WBC has played a central role in shaping modern sport, establishing global standards for fighter safety, competition integrity, officiating, and event regulation. WBC’s greatest champions include Muhammad Ali, Mike Tyson, Julio Cesar Chavez, Oscar de La Hoya, Sugar Ray Leonard, Floyd Mayweather and Manny Pacquiao among others.

Datavault and the WBC will share in event-driven revenue generated through ADIO® and IDE activations on a 50/50 basis.

The Global Reach of the WBC

WBC major championship fights operate across broadcast television, streaming networks, social platforms, and in-venue environments, giving Datavault the ability to capture authenticated interactions in real time across every channel. These engagements can flow directly into the IDE platform, creating compliance-ready datasets for sponsor reporting, audience segmentation, attribution analysis, and post-event monetization.

Recent WBC-affiliated championship fights have demonstrated extraordinary global reach, including a reported 41 million viewers for the Canelo Álvarez vs. Terence Crawford event². This scale offers Datavault a broad operating environment for capturing authenticated audience engagement across one of the world’s largest live-event ecosystems.

As WBC events accumulate throughout the year, the resulting datasets can form a scalable, durable asset that can be commercialized across recurring sponsorship cycles. Brands gain the ability to evaluate performance with greater precision. Rights-holders receive validated reporting. Datavault’s technology supports the entire lifecycle of this data creation, authentication, valuation, and deployment.

Monetizing the WBC Content through Datavault AI’s Solutions

Datavault’s ADIO® and IDE platforms convert fan participation — such as ADIO-powered silent triggers^3, QR-based activations, sponsor interactions, contest entries, and digital confirmations — into verified data objects, often categorized as real-world assets (RWAs). These authenticated data objects, which include data from past, present, and future events, carry measurable commercial value because they provide sponsors and rights-holders with precise attribution, accurate reporting, and transparent engagement metrics.

To illustrate how this translates into event-level monetization, consider a championship fight that reaches 40 million viewers. If only 10 percent engage through ADIO-inaudible tones, reinforced by QR-based capture, the result is roughly 4 million authenticated interactions. With authenticated sports-fan engagements commonly valued in the single- to double-digit-dollar range per transaction, according to industry benchmarks⁴, a single premium event has the potential to generate a multi-million-dollar dataset that continues to deliver value across future campaigns.

Datavault AI has also demonstrated the power of authenticated engagement in prior real-world deployments². Although past deployments and engagements do not guarantee future results, they highlight how verified, intentional interactions can scale when engagement is captured in real time. The WBC’s global footprint amplifies that effect, creating an environment where even conservative participation rates can compound into meaningful and repeatable revenue.

Management Commentary

“We are excited to integrate Datavault’s forward-thinking technology innovation into WBC championship events,” said Mauricio Sulaimán, WBC President. “This collaboration strengthens how we reach, understand, and engage our global audience, creating new value for fans, fighters, and our commercial partners. We are always looking for ways to elevate the sport, and these new capabilities open the door to an entirely new level of connection and impact.”

Datavault CEO Nathaniel Bradley stated, “The WBC’s global footprint makes it a powerful partner for our ADIO and Information Data Exchange platforms. We’re excited to deliver technologies that strengthen data integrity, improve reporting in real time, and expand the commercial value that can be created from authenticated fan engagement.”

“This agreement allows Datavault to demonstrate and, just as importantly, monetize our patented technology in a globally distributed sports environment. The WBC collaboration aligns with Datavault’s core mission: turning audience participation into high-integrity data assets with measurable commercial value,” Nate added. “As the demand for verified engagement accelerates across the sports and entertainment industries, we believe partnerships like this will compound and set an industry example.”

About the World Boxing Council (WBC)

The World Boxing Council (WBC) is the most recognized and influential sanctioning body in professional boxing, governing and overseeing world and regional championship bouts across more than 170 countries. Founded in 1963, the WBC has played a central role in shaping modern sport, establishing global standards for fighter safety, competition integrity, officiating, and event regulation.

The WBC sanctions many of the world’s premier championship events and has long-standing relationships with leading promoters, networks, commissions, and international sports organizations. Under the leadership of President Mauricio Sulaimán, the WBC continues to advance its mission of elevating the sport by embracing innovation, expanding global fan engagement, and fostering programs that support fighters, communities, and the worldwide boxing ecosystem.

For more information, visit www.wbcboxing.com.

About Datavault AI

Datavault AI^™ (Nasdaq: DVLT) is leading the way in AI-driven data experiences, valuation, and monetization of assets in the Web 3.0 environment. The Company’s cloud-based platform provides comprehensive solutions with a collaborative focus in its Acoustic Science and Data Science Divisions. Datavault AI's Acoustic Science Division features WiSA®, ADIO® and Sumerian® patented technologies and industry-first foundational spatial and multichannel wireless HD sound transmission technologies with IP covering audio timing, synchronization and multi-channel interference cancellation. The Data Science Division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation and secure monetization. Datavault AI's cloud-based platform provides comprehensive solutions serving multiple industries, including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more. The Information Data Exchange® (IDE) enables Digital Twins, licensing of name, image and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity. Datavault AI’s technology suite is completely customizable and offers AI and Machine Learning (ML) automation, third-party integration, detailed analytics and data, marketing automation and advertising monitoring. The Company is headquartered in Philadelphia, PA. Learn more about Datavault AI at www.dvlt.ai.

Forward-Looking Statements

This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other applicable securities laws) concerning Datavault AI Inc. (“Datavault AI” or the “Company”). Forward-looking statements are based on current expectations, estimates, forecasts, and projections, as well as the beliefs and assumptions of management. Forward-looking statements are often identified by the use of terminology such as “may,” “might,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “believes,” “estimates,” “predicts,” “potential,” “continue,” or similar terminology, although the absence of these words does not mean that a statement is not forward-looking.

Forward-looking statements in this press release include, but are not limited to: statements regarding the expected benefits of the SaaS Agreement with the World Boxing Council (“WBC”); anticipated deployment of the Company’s ADIO silent-trigger technology and Information Data Exchange (“IDE”) platform at upcoming WBC events; expectations regarding engagement levels, conversion rates, data capture volumes and monetization opportunities; potential revenue generation associated with authenticated audience interactions; the scalability of Datavault AI’s platform across global sports properties, entertainment events, or broadcast environments; the potential classification of event-generated datasets as real-world assets (RWAs); and Datavault AI’s broader plans to commercialize, expand, or enhance its technology offerings.

These forward-looking statements are inherently uncertain and involve risks, assumptions, and factors that could cause actual results to differ materially from those expressed or implied by such statements. Important factors that could cause actual results to differ materially include, but are not limited to: changes in market demand for digital engagement technologies; the performance, timing, or success of ADIO and IDE deployments at WBC events; the ability of sponsors, broadcasters, and partners to adopt or integrate Datavault AI’s solutions; variations in audience participation levels, conversion rates, or engagement behavior; regulatory considerations related to data privacy, digital asset classification, or international operations; risks related to technological development, interoperability, cybersecurity, or system performance; changes in economic or market conditions affecting advertising, sponsorship, or media-driven revenues; and other risks described in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K for the year ended December 31, 2024, and other reports filed with the SEC from time to time, all of which are available on the SEC’s website at www.sec.gov.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Datavault AI undertakes no obligation to update, revise, or clarify any forward-looking statements to reflect events, circumstances, or new information after the date of this release, except as required by applicable law. Datavault AI may not achieve the plans, intentions, or expectations disclosed in its forward-looking statements, and no forward-looking statement should be interpreted as a guarantee of future performance.

References

¹ World Boxing Council (WBC): https://wbcboxing.com
² Reported viewership for Álvarez vs. Crawford: https://www.espn.com/boxing/story/_/id/46274888/terence-crawford-win-vs-canelo-alvarez-drew-41-million-viewers-netflix-says
³ Datavault AI – ADIO® & IDE platform information: https://datavault.ai
⁴ Industry benchmarks on authenticated sports-fan engagement value: https://www.sponsorunited.com / https://www.sportsbusinessjournal.com

Media Inquiries
marketing@dvlt.ai

Investor Contact
800.491.9665
investors@datavaultsite.com

Corporate Contact:
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com 

SOURCE: Datavault AI Inc.

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

MoneyHero Group partners with InsureMO to expand digital insurance access in the Philippines

MANILA, Philippines, Nov 25 (Bernama-GLOBE NEWSWIRE) -- MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a leading tech- and AI-powered personal finance aggregation and comparison platform and a digital insurance brokerage provider in Greater Southeast Asia, today announced a strategic partnership with InsureMO, an insurance innovation infrastructure platform, to expand digital insurance product offerings in the Philippines through MoneyHero’s local brand, Moneymax.

The Philippines has one of the lowest insurance penetration rates in Asia, at around 2% of GDP compared to the regional average of 4–5%, despite being one of the fastest-growing insurance markets. Motor insurance in particular is notably under-served: only about 1 in 3 vehicles on the road has comprehensive insurance coverage, with most drivers relying solely on mandatory third-party coverage^#.

To address these gaps and scale general insurance and other products, Moneymax will deploy InsureMO’s API-driven platform to accelerate insurers’ time to market and connect them directly with MoneyHero’s distribution channels, making it faster and simpler for millions of Filipino households to compare and purchase insurance products online.

Customer Impact

• Enhanced digital journey: This will provide a seamless experience that allows customers to compare real-time quotes, improving convenience and conversion.

• Broader reach: Serving millions of unique users across Asia, MoneyHero Group is the largest personal finance marketplace in the Philippines via MoneyMax.

• Greater product diversity: Insurers integrated with InsureMO can roll out new products via MoneyMax in weeks, giving consumers a wider selection and real-time competitive pricing.

• Strong commercial foundation: MoneyHero Group’s expanding strategic relationships with key insurers like Malayan, StrongHold, FPG and SGI in the Philippines enable integrated campaigns and streamlined fulfillment, enhancing operational control and customer experience while positioning MoneyMax as the go-to digital customer acquisition channel for commercial partners. 

Leadership Commentary

Rajat Sharma, Chief Revenue Officer, InsureMO, said: “The Philippines is a priority market where digital distribution can directly improve insurance access. By working with MoneyHero Group, we are enabling insurers to reach customers faster and giving households a simpler way to find and buy the coverage they need.”

Shravan Thakur, Chief Commercial Officer, MoneyHero Group, said: “This partnership is an important step in scaling our high-margin insurance vertical in the Philippines, replicating proven approaches from other Asian markets. Starting with general insurance and expanding into other product lines, we aim to offer more choices and greater convenience to Filipinos across the country. We have strategically relocated and expanded our Philippines operations to a new office in Bonifacio Global City (BGC), Taguig, together with the deployment of InsureMO’s API-driven platform, we can better support both our commercial partners and customers.”

^#Verified Market Research on "Philippines Motor Insurance Market Size, Share & Forecast: https://www.verifiedmarketresearch.com/product/philippines-motor-insurance-market/

About MoneyHero Group

MoneyHero Limited (NASDAQ: MNY) is a tech- and AI-powered personal finance aggregation and comparison platform that provides consumers with actionable insights to discover, compare, and choose the best financial products with confidence — bringing data intelligence and seamless digital access across insurance and banking solutions. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero had over 270 commercial partner relationships as at 30 June 2025, and had approximately 5.3 million Monthly Unique Users across its platform for the three months ended 30 June 2025. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit www.MoneyHeroGroup.com.

About InsureMO

InsureMO is the Operating System for Modern Insurance. It runs digital insurance at scale across 50+ countries and serves 500+ customers spanning carriers, MGAs, brokers, distributors, and technology partners. The platform supports 17,500+ products and 10,000+ APIs, enabling rapid creation, deployment, and scaling of insurance products across life, health, and P&C lines.

InsureMO provides an API-first, data-rich, cloud-native foundation that lets enterprises build, connect, and operate any insurance experience without constraints from legacy cores. It powers digital distribution, embedded insurance, ecosystem integrations, and high-velocity product lifecycle management through a unified operating environment.

Global insurers and digital partners use InsureMO to modernize their stack, expand channels, and accelerate time-to-market with a standardized, scalable, and globally proven platform.

For inquiries, please contact:
MoneyHero Group
Investor Relations: IR@MoneyHeroGroup.com
Media Relations: Press@MoneyHeroGroup.com 

SOURCE: MoneyHero Limited

LUBRIZOL UNVEILS BREAKTHROUGH TECHNOLOGIES AT ASIA-PACIFIC INNOVATION SUMMIT

As industries undergo structural transformation and sustainability becomes a defining priority, market demand is becoming more diversified than ever.

 KUALA LUMPUR, Nov 25 (Bernama) -- Lubrizol, a global leader in speciality chemicals, gathered over 150 industry leaders, technical experts, and strategic partners at its inaugural Asia-Pacific Innovation Summit in Shanghai.

Participants explored emerging trends in material science, discussed innovation-driven collaboration, and identified new pathways for sustainable industry growth, building a strong foundation for turning visionary ideas into tangible solutions.

“Diversified and rapidly evolving market demands are reshaping traditional industry models, propelling us toward an era of collaborative growth and value co-creation.

“Lubrizol remains deeply committed to a strategy that combines global perspective with strong local engagement. With an open and agile mindset, we position ourselves as a co-creator within the innovation ecosystem, placing market needs at the core,” said Lubrizol Vice President, Asia Pacific, Henry Liu in a statement.

The summit marked the regional debut of several pioneering technologies, highlighting Lubrizol’s commitment to improving lives and driving sustainable progress through material innovation.

Lubrizol introduced a comprehensive package of additive technologies designed to meet China VII regulations for commercial vehicles and the ongoing electrification requirements for passenger vehicles, alongside a new waterborne acrylic emulsion for sustainable food packaging, free from per- and polyfluoroalkyl substances (PFAS) and polyethylene film.

In biotech skincare, the company unveiled Lectroglaze, the industry’s first cosmetic active ingredient powered by electrogenic bacteria. Its prebiotic effect stimulates the skin microbiome to produce bioelectricity, neutralising free radicals and preventing oxidative damage caused by ultraviolet (UV) light and ageing.

Recently, Lubrizol launched its Southeast Asia Innovation Center in Singapore and opened a new office in Jakarta, while expanding production capacity for medical-grade thermoplastic polyurethane in Shanghai, strengthening regional collaboration, innovation, and manufacturing capabilities.

Through these initiatives, Lubrizol aims to accelerate the transformation of ideas into tangible solutions, supporting sustainable growth and value creation across industries in the Asia-Pacific region.

-- BERNAMA

Bitget Teams Up with Ampersan to Accelerate Institutional Liquidity in the UEX Era

VICTORIA, Seychelles, Nov 24 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), today announced a strategic collaboration with Ampersan, an institutional liquidity provider serving both centralized and decentralized markets. The collaboration strengthens Bitget’s institutional offering with deeper liquidity coverage across spot, futures, and options markets, creating new channels for professional capital to operate with precision in digital assets.

Ampersan provides reliable liquidity across major digital asset markets, backed by years of experience in traditional finance and electronic trading. Its approach helps create smoother pricing and stronger market depth. Integrating Ampersan’s liquidity capabilities with Bitget’s UEX framework gives institutional clients more efficient trade execution, especially for larger orders and large scale strategies.

“Ampersan has proven itself to be a sharp, reliable liquidity partner on every venue it touches,” said Gracy Chen, CEO of Bitget. “Bringing them into the UEX ecosystem raises the bar for everyone, giving our institutional users smoother access to the markets they care about and all in one place.”

The partnership reflects a shift in institutional participation as professional investors seek stronger liquidity foundations, greater market depth, and efficient access across both onchain and off-chain environments. Bitget’s UEX framework, spanning spot, derivatives, stock futures, and tokenized assets, aligns naturally with Ampersan’s approach to building a unified liquidity layer for modern digital markets.

“Ampersan was created to provide institutional-grade liquidity to market participants, strengthening the liquidity infrastructure required for the growth in digital asset strategies,” said Daniel Ku, CEO of Ampersan. “Partnering with Bitget expands users’ access to an ecosystem engineered for scale, speed, and the continued development of digital asset markets.”

The partnership follows the continued rollout of the UEX framework, including upgrades to Bitget Onchain that bring millions of tokens under one account. The addition of Ampersan’s institutional liquidity extends Bitget’s position as a hub where traditional finance intersects with digital asset innovation, enabling more sophisticated capital allocation and cross-asset portfolio construction.

About Bitget

Established in 2018, Bitget is the world's largest Universal Exchange (UEX), serving over 120 million users with access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets, while offering real-time access to Bitcoin price, Ethereum price, XRP price and other cryptocurrency prices, all on a single platform. The ecosystem is committed to helping users trade smarter with its AI-powered trading tools, interoperability across tokens on Bitcoin, Ethereum, Solana, and BNB Chain, and wider access to real-world assets. On the decentralized side, Bitget Wallet is an everyday finance app built to make crypto simple, secure, and part of everyday finance. Serving over 80 million users, it bridges blockchain rails with real-world finance, offering an all-in-one platform to on/off ramp, trade, earn, and pay seamlessly.

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: media@bitget.com

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A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c70f83b0-b2bd-4702-b2b2-25a506663450

SOURCE: Bitget Limited

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