Latest news with #PHF
News18
3 days ago
- Sport
- News18
Pakistan Hockey Threatening To Relocate Upcoming Asia Cup If Visas Aren't Granted To Players
The Pakistan Hockey Federation (PHF) has announced plans to request the relocation of the upcoming Asia Cup from India if visas for its national team are not guaranteed. The continental tournament is set to take place in India between late August and early September, with the winner securing a direct qualification spot for next year's World Cup in Europe. A PHF spokesperson stated that the federation would consider participating in the tournament only if the Asian Hockey Federation and local organizers provide written assurance of visa issuance. 'Despite the strained relations between both countries, if visas are guaranteed, we will approach our government for clearance to play in India," he said. 'Whatever directions are given by our government, we will follow them, but Pakistan's policy has always been to keep sports and politics separate." These comments come amidst heightened political tensions between the two nations, which nearly escalated into a full-scale conflict earlier this month. The PHF also expressed concerns regarding player security, emphasizing that it is the host nation's responsibility to ensure the safety of all participating teams.
India Today
3 days ago
- Sport
- India Today
Pakistan hockey to seek Asia Cup relocation if India fails to assure visas: Report
The Pakistan Hockey Federation (PHF) has said it will seek the relocation of the upcoming Asia Cup from India if visas are not guaranteed for its national team. The continental tournament is scheduled to be held in India between late August and early September, with the winner earning a direct qualification spot for next year's World Cup in Europe.A PHF spokesperson said the federation would consider sending its team to the tournament only if the Asian Hockey Federation and local organisers provided written assurance of visa issuance.'Despite the strained relations between both countries if visas are guaranteed we will approach our government for clearance to play in India,' he said.'Whatever directions are given by our government we will follow them but Pakistan's policy has always been to keep sports and politics apart.'The comments come in the backdrop of heightened political tensions between the two nations, which came close to a full-grown war early this month. The PHF also raised concerns over player security, saying it was the responsibility of the host nation to ensure the safety of all participating which has not qualified for the last two Olympic Games and missed out on the previous Hockey World Cup, is looking to rebuild its standing in the Watch advertisement
NDTV
3 days ago
- Sport
- NDTV
Pakistan Hockey Federation's Massive Warning To India, Threatens To Seek Asia Cup Relocation If...
The Pakistan Hockey Federation (PHF) has said it will seek the relocation of the upcoming Asia Cup from India if visas are not guaranteed for its national team. The continental tournament is scheduled to be held in India between late August and early September, with the winner earning a direct qualification spot for next year's World Cup in Europe. A PHF spokesperson said the federation would consider sending its team to the tournament only if the Asian Hockey Federation and local organisers provided written assurance of visa issuance. "Despite the strained relations between both countries if visas are guaranteed we will approach our government for clearance to play in India," he said. "Whatever directions are given by our government we will follow them but Pakistan's policy has always been to keep sports and politics apart." The comments come in the backdrop of heightened political tensions between the two nations, which came close to a full-grown war early this month. The PHF also raised concerns over player security, saying it was the responsibility of the host nation to ensure the safety of all participating teams. Pakistan, which has not qualified for the last two Olympic Games and missed out on the previous Hockey World Cup, is looking to rebuild its standing in the sport. Listen to the latest songs, only on
Time of India
3 days ago
- Sport
- Time of India
Pakistan Hockey Federation threatens to seek Asia Cup relocation if India fails to assure visas
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Pakistan Hockey Federation (PHF) has said it will seek the relocation of the upcoming Asia Cup from India if visas are not guaranteed for its national continental tournament is scheduled to be held in India between late August and early September, with the winner earning a direct qualification spot for next year's World Cup in Europe.A PHF spokesperson said the federation would consider sending its team to the tournament only if the Asian Hockey Federation and local organisers provided written assurance of visa issuance."Despite the strained relations between both countries if visas are guaranteed we will approach our government for clearance to play in India," he said."Whatever directions are given by our government we will follow them but Pakistan's policy has always been to keep sports and politics apart."The comments come in the backdrop of heightened political tensions between the two nations, which came close to a full-grown war early this PHF also raised concerns over player security, saying it was the responsibility of the host nation to ensure the safety of all participating which has not qualified for the last two Olympic Games and missed out on the previous Hockey World Cup, is looking to rebuild its standing in the sport.
Yahoo
5 days ago
- Business
- Yahoo
AM Best Affirms Credit Ratings of Damaan Islamic Insurance Company ‘BEEMA' (Q.P.S.C.)
LONDON, May 29, 2025--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Damaan Islamic Insurance Company 'BEEMA' (Q.P.S.C.) (Beema) (Qatar). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Beema's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management. Beema is a takaful insurer and operates through a hybrid model, whereby the shareholders' fund charges the policyholders' fund (PHF) a Wakala fee based on gross written contributions (GWC) and a Mudarabah fee based on investment income. Beema's balance sheet strength is underpinned by its risk-adjusted capitalisation at the strongest level, as measured by Best's Capital Adequacy Ratio (BCAR). AM Best assesses the company's risk-adjusted capitalisation on a combined basis, including its policyholders' and shareholders' funds, due to the strength of domestic regulation and requirement that the shareholders' fund would have to support the policyholders' fund were it to fall into a deficit. Other positive balance sheet strength factors include Beema's track record of internal capital generation through the retention of earnings and its ability to accumulate surpluses within the PHF whilst regularly distributing surplus back to policyholders. At year-end 2024, Beema reported capital and surplus of QAR 795.0 million (inclusive of QAR 237.4 million of accumulated policyholder surplus), an 11.1% increase as compared with year-end 2023. AM Best views Beema's operating performance as strong. The company has consistently reported robust technical performance, with a five-year (2020-2024) weighted average combined ratio of 80.5%. The combined ratio increased in 2024 to 93.4% (2023: 82.2%), driven predominantly by losses incurred on its international facultative reinsurance portfolio following the United Arab Emirates floods, which took place in the first half of the year. Despite the deterioration in non-life underwriting results in 2024, the company continues to demonstrate strong profitability in its core life & health segment. Earnings are well-balanced between shareholders' and policyholders' with both funds achieving consistent growth over the past 10 years. Beema holds a niche position within its domestic insurance market, as the second largest takaful player by GWC. However, in the context of the wider Qatari insurance market, Beema has a more modest profile, with a market share of approximately 4%. The company's concentration of contributions from a single market are partially mitigated by a diversified portfolio by line of business, both on a gross and net written contributions basis. Further diversification is achieved through a small, albeit growing, portfolio of inward international facultative reinsurance. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. 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 Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Romeo Berti Senior Financial Analyst +44 20 7397 0267 Ben Diaz-Clegg Associate Director, Analytics +44 20 7397 0293 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318
