Pakistan Customs, Tax, Shipping & Business News Resource
LONDON: AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Continental Reinsurance Plc (CRe) of Nigeria, the operating holding…
BAHRAIN: Arab Insurance Group (Arig) recorded a consolidated net profit of US$ 3.6 million, attributable to shareholders, for the third quarter of 2019 (Q3 2018: net profit of US$ 0.3…
HONG KONG: S&P Global Ratings has affirmed its ‘A’ financial strength and long-term issuer credit ratings on Korean Reinsurance Co. (Korean Re). The outlook is stable. On Oct. 21, 2019,…
OLDWICK: Despite considerable investor losses from the 2017-2018 catastrophe events, the collateralized reinsurance market remains the fastest-growing segment of the insurance-linked securities (ILS) industry, according to the new AM Best…
OLDWICK: Ongoing negative effects from the 2017-2018 catastrophes on the U.S. property/casualty (P/C) industry led to rating downgrades during the first half of 2019 outpacing rating upgrades for the first…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), held a roundtable to discuss measures to reduce outflow of foreign exchange pertaining to reinsurance business through optimizing local risk retention.…
BAHRAIN: Arab Insurance Group (Arig) recorded consolidated net profits of US$ 1.8 million attributable to shareholders for the first quarter 2019 (Q1 2018: US$ 0.5 million). The improved result was…