V.K.Kumar Abdalla

CCM Hockey, an equipment and apparel brand based in Canada, will no longer use Russian star and Washington Capitals left winger Alex Ovechkin or any other Russian in global marketing campaigns to promote its products.

TSN reported that CCM also has contracts with Pittsburgh Penguins forward Evgeni Malkin and Capitals defenseman Dmitry Orlov.

"We are very sad to witness, like the rest of the world, what is happening in Ukraine," chief executive Marrouane Nabih wrote in an email to TSN. "Although Mr. Ovechkin is not responsible for the Russian government’s actions, we took the decision to not use him (or any Russian player) on any global CCM communication at this point."

STAY UP-T0-DATE: Subscribe to our Sports newsletter now!

TSN, citing an anonymous industry source, reported that CCM pays Ovechkin more than $500,000 per year in addition to a percentage of sales in Russia for the partnership.

Follow every game: Latest NHL Scores and Schedules

Ovechkin has previously supported Russian president Vladimir Putin, but said on Friday that his country's invasion of Ukraine was a "hard situation" before deflecting further comment and saying he was an athlete and not involved in politics.

"It’s a hard situation. I have lots of friends in Russia and Ukraine, and it’s hard to see the war," he told reporters on Friday. "I hope soon it’s going to be over and there’s going to be peace in the whole world."

When asked about his current stance on Putin after the invasion, Ovechkin reiterated his support, with some caveats.

"He’s my president but … I’m not in politics," he said Friday. "I’m an athlete and how I said, I hope everything is going to be done soon. It’s a hard situation right now for both sides. ... I'm not in control of the situation."

In 2017, however, Ovechkin started a social media movement called Putin Team during the Russian leader's re-election campaign. The Instagram post included a photo of him and Putin.

"Being part of this team makes me proud and it's similar to the feeling you get when you put on a Russian national team jersey, knowing that the whole country is rooting for you," he wrote then in Russian.

Instant cash loans are short-term loans that are processed quickly , usually within an hour, giving you access to funds instantly Also known as cash advance loans and pay day loans, this type of loans is ideal for situations when you need funds immediately Similar to Home credit loans we can opt personal loan

With a TV commercial script , you have to make every word count Use our free template and the guide below to create yours

The easiest way to lubricate your zipper is to use DUI ZipStick® (635213), running the lubricant up one side of the zipper and down the other

We used our exclusive data to come up with the best - selling pickup As you can see, the majority of the states in the country have the

A TCX file is a Garmin Training Center Database XML file The tcx file extension is used for a proprietary database data file format developed

5 Essential Strategies for Marketing to Generation Z · 1 Sell experiences, not products · 2 Video, video, video · 3 Rethink that major

Ocean Re's operating performance in 2020 and 2021 has resulted in a positive net income, due to its good level of premium adequacy derived from the nature of its captive reinsurance business, as well as an adequate retrocession program for its growing business. traditional reinsurance. To date, 2021 has been a year of consolidation, in which the company has been able to present good results in new markets and successfully expand its distribution channels. The stable outlook acknowledges the company's disciplined underwriting to deploy its capital with profitable results amid an unfavorable business cycle. AM Best continues to be the leading rating agency for alternative risk transfer entities, with more than 200 companies rated worldwide.

For current credit ratings and independent captive and alternative risk transfer insurance market information, visit www.ambest.com/captive. Negative rating actions could occur due to material changes in risk-adjusted capitalization as a result of significant losses or if Ocean Re fails to successfully implement its business strategy. There could also be negative rating actions if the holding company's financial leverage increases to a level that puts pressure on Ocean Re's balance sheet strength. No positive rating actions are anticipated in the medium term.

Ocean Re's geographic distribution continues to expand, reaching 111 countries in Latin America and other countries outside of this region. Ocean Re sees significant potential growth in key markets and regions such as the Middle East and North Africa (MENA), the Inter-African Conference of Insurance Markets (CIMA) and in the Far East, which would continue to diversify the portfolio. The company's risk-adjusted capitalization remains at the strongest level and has benefited from a capital contribution received in early 2020. AM Best will continue to monitor Ocean Re's balance sheet strength, particularly due to the holding company's influence over it due to its financial leverage and changing corporate structure. Ocean Re is a Barbados-domiciled reinsurer, licensed as a Class 2 insurance company, offering a diversified product mix in Latin America and other strategically identified geographic markets.

The company also offers its clients facultative programs with own funds established according to the last expected loss. The business development strategy clearly identifies an increase in the proportion of traditional reinsurance business compared to that of the captive portfolio.