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‘The Extended Classroom’ – Children Road Safety Partnership between STS and Roadsafetyuae

Road traffic accidents #1 cause of death for children below 14.

Education sector’s vital need to teach road safety.

School buses are ‘The Extended Classroom’ for real-life learning.

STS, the UAE’s biggest private school bus operator enters a strategic partnership with RoadSafetyUAE. According to official data, road traffic accidents are the leading cause of death for children below the age of 14 years in the UAE. Currently, there is no mandatory road safety content in UAE’s school curricula. Young drivers account for a big share of traffic accidents (for example in Abu Dhabi 63% of all accidents).

Colonel Augustine, Managing Director of STS states: “All parts of the education sector are challenged to educate and to protect our children, and we at STS are aware of our responsibility. We must make sure, that children know all the basics of road safety in order to protect themselves and to share their knowledge with their friends, siblings and families. Educated children will become responsible young drivers once they will get behind the wheel. STS as the biggest private school bus operator in the UAE with more than 2,000 buses, transporting about 70,000+ students every day can play a strategic role in educating school children in a real-life environment.”

The partnership between STS and RoadSafetyUAE will consist of various engagement initiatives aimed at children and parents at events, campaigns and on-line activities, like an on-line pledge for children and parents to always wear their seat belt. In addition, there will be a strong content collaboration between the parties for the recently launched STS magazine “Our Journey”.

Thomas Edelmann, Managing Director of RoadSafetyUAE: “Collaborating with STS means, that we have the chance to expose kids to road safety while they are in and around school buses, hence we speak about the ‘extended classroom’. STS drivers and school bus attendants are experts in road safety and they can engage with kids on a daily basis about proper and safe behavior. STS offers leading safety technology in its fleet and has a great safety track record, so they are a perfect partner for us.”

Children must learn how to safely wait for and enter the school bus. They must learn the importance of buckling up themselves or be buckled up in the school bus. Children must be made aware of the proper behavior while being driven in school buses and how to safely disembark and approach their waiting parents or guardians, and how to safely cross roads on their way home after their school bus ride. We must make it clear to our children, that school bus drivers and attendants are persons of authority and that their directions must be obeyed, in the same manner as the guidance of regular teachers is obeyed. Besides school bus staff, the teacher body as well as the parents must make it crystal clear to students, that they must behave properly in school buses and that they must follow the rules given to them by schools, school bus operators and school bus personnel.

The partnership aims to go beyond the expected, by providing students the opportunity for ‘good citizen’ contributions, for academic projects with regards to sustainability and emission reductions and for arts and crafts competitions.

STS becomes the patron of the topic ‘Safety around schools and school buses’ on RoadSafetyUAE’s on-line portal – http://www.roadsafetyuae.com/around-schools-and-school-buses/

About RoadSafetyUAE:

RoadSafetyUAE’s vision is to contribute to reducing the number of road traffic fatalities, injuries and accidents in the UAE. RoadSafetyUAE’s mission is to raise the all stakeholders’ awareness for proper conduct on our roads, in an engaging manner and on a broadly communicated and permanent basis. RoadSafetyUAE’s award winning platform engages with the stakeholders traffic participants, governmental entities, the media, and more than 30 corporate social responsibility (CSR) aware partners. ‘Tips & Tricks’ are the content backbone, provided for more than 60 topics of road safety, all specifically relevant to the UAE. More information can be found on www.RoadSafetyUAE.com

In addition to STS, RoadSafetyUAE partners with RTA, Dubai Chamber of Commerce, Dubai Health Authority, BMW, Michelin, Audi, Nissan, Infiniti, Al-Futtaim Honda, Volvo, Al-Futtaim Volvo, Galadari Brothers – Mazda, Fiat Chrysler Automobiles – Dodge, MAN Trucks, Qatar Insured, Gargash Insurance Brokers, PepsiCo, Johnson&Johnson, MMI, Pernod Ricard, Serco, MiXTelematics, JustKidding, AMEC Foster Wheeler, OMD, NSG and VOX Cinemas.

About STS:

School Transport Services LLC (STS) commenced its operations as a Bus and Car Rental Company, specializing in School Transportation and Charter Bus Services.

Our Mission: to provide safe and reliable transport services and transport management solutions to our esteemed customers at the highest levels of safety, quality, customer service and positive employee relations. Our Vision: to be the world’s leading transport service and transport management solutions provider, earn our customers’ confidence through integration of technology and operations, continuous improvement, quality, sustainability, safety, commitment and innovations. Our History: School Transport Services LLC is established by seasoned transportation professionals who have a track record of more than 55 years of rich experience managing transport services for over 70,000 students and other passengers every day in the U.A.E.

Contacts:

Thomas Edelmann
Founder and Managing Director
RoadSafetyUAE
+971 50 55 19 216
Thomas@RoadSafetyUAE.com

Neetu Deshwal
Manager – Marketing & Communication
School Transport Services LLC
Tel: +971 4 3397555 x 227
Mob: +971 55 812 78 00

neetu@stss.ae

 

Arch Reinsurance Ltd. Announces Formation of Arch Underwriters (Gulf) Limited

Arch Reinsurance Ltd., Bermuda (Arch Re), is pleased to announce the formation of Arch Underwriters (Gulf) Limited (AUGL) to be based in the Dubai International Financial Center (DIFC), UAE, subject to final approval from the Dubai Financial Services Authority (DFSA). AUGL will have underwriting authority for Arch Re, which holds a financial strength rating of ‘A+’ from Standard & Poor’s.

AUGL will supplement Arch Re’s existing operating entity in the DIFC, Gulf Reinsurance Limited (Gulf Re). Arch Re completed the acquisition of Gulf Re in May 2015 from its joint venture partner, the Gulf Investment Corporation (GIC). As part of that process Arch Re put in place the following two reinsurance arrangements to demonstrate its full commitment to Gulf Re:

  • A Loss Portfolio Transfer Agreement whereby Arch Re assumes 100% of all liabilities in respect of business written by Gulf Re prior to 30 September 2014.
  • A Quota Share Agreement whereby Arch Re assumes 90% of all liabilities in respect of business written by Gulf Re after 1 October 2014.

All existing Gulf Re clients and brokers will be provided the opportunity to renew, through AUGL, with the more highly rated paper of Arch Re Bermuda.

“When we stepped back and considered the best value proposition to Gulf Re’s GCC clients of, it made sense to provide Arch Re’s A+ rated balance sheet directly to our cedants, given Arch Re’s 100% ownership of Gulf Re”, said Shankar Majrekar, AUGL’s Senior Executive Officer.

AUGL will benefit from the local knowledge and experience of the current Gulf Re underwriting team, which will continue to service all the in-force business of Gulf Re in a seamless manner from its offices situated in the DIFC. AUGL’s objective will be to maintain and build on existing client relationships.

Gulf Re’s paid up capital of USD 70 million and DFSA license will be maintained by Arch Re until all policyholder liabilities are settled.

About Arch Reinsurance Ltd:

Arch Reinsurance Ltd. is a member of Arch Capital Group Ltd., a Bermuda-based company that provides insurance and reinsurance on a worldwide basis through its wholly owned subsidiaries. For more information, visit www.archcapgroup.com.

Cautionary Note Regarding Forward-Looking Statements:

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward−looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward−looking statements, which reflect our current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward−looking statements.

Forward−looking statements can generally be identified by the use of forward−looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or their negative or variations or similar terminology. Forward−looking statements involve our current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and our ability to maintain and improve our ratings; investment performance; the loss of key personnel; the adequacy of our loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; our ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses we have acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to us of reinsurance to manage our gross and net exposures; the failure of others to meet their obligations to us; and other factors identified in our filings with the U.S. Securities and Exchange Commission.

The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward−looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. We undertake no obligation to publicly update or revise any forward−looking statement, whether as a result of new information, future events or otherwise.

Contact:
Maamoun Rajeh
Arch Reinsurance Ltd.
(441) 278-9212