Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Experts highlighted the critical importance of insurance for the sustainable development of multiple energy resources, including power, oil, and gas, aimed at promoting investment opportunities, innovations, and efficiencies within…
LONDON: HML Holdings plc, a leading provider of property management, insurance and ancillary services to residential property blocks, has announced the acquisition of Leasehold Management Limited (LML) for a consideration…
LONDON: AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” to Universal Insurance Company, Guernsey. The outlook assigned to these…
OLDWICK: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of First Guard Insurance Company. The outlook of these Credit…
NEW YORK: AM Best has maintained a market segment outlook of stable on the U.S. personal lines industry for 2020, citing a significant decline in catastrophe activity, profitable underwriting performance…
LONDON: AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” to Insurance House P.S.C.. The outlook assigned to these ratings…
LONDON: If P&C Insurance Holding has signed an agreement to buy Viking Redningstjeneste TOPCO A/S. The acquisition price for 100 per cent ownership is EUR 32 million (NOK 325 million)…
MEXICO CITY: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of RF&G Insurance Company Limited. The outlook of these…
OLDWICK: The operating results of captive insurance companies in Bermuda, Cayman Islands outperform the segment’s counterparts in the commercial casualty sector, while net premiums earned surpassed $3.5 billion for the…
OLDWICK: Long-term debt obligations among publicly traded U.S. life/annuity (L/A) insurance companies has declined by 14% over an eight-year span, to $89.3 billion in 2018 from $103.8 billion in 2010,…
NEW YORK: Total debt obligations among U.S. publicly traded health insurance companies have grown considerably in the last decade, to $115.5 billion in 2018 from $24.8 billion in 2009, as…
LONDON: Chesnara plc, through its existing Netherlands-based closed book operation, the Waard Group, has agreed to acquire a portfolio of life insurance business in run-off from the Dutch branch of…
OLDWICK: AM Best has revised the outlook to positive from stable and affirmed the Long-Term Issue Credit Rating (Long-Term IR) of “bbb-” on $4.695 million Class B 10.00% Fixed Rate…
OLDWICK: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Sooner Insurance Company with a stable outlook. The ratings…
HONG KONG: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Evergreen Insurance Company Limited (EICL) with stable outlook.…
OLDWICK: AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Farmers…
CENTENNIAL: S&P Global Ratings raised long-term issuer credit rating on Centene Corp. (the holding company of the group) to ‘BBB-‘ from ‘BB+’. At the same time, S&P raised long-term financial…
TOKYO: Lifenet Insurance Company will launch sales of new whole-life medical products Jibun 3 and Jibun 3 for Women on December 1, 2019. According to a survey conducted by the…
AMSTERDAM: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Eni Insurance Designated Activity Company (EID) of Ireland, a…
HONG KONG: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Fubon Insurance Co., Ltd. of Taiwan). The outlook…