AM Best maintains U.S. personal lines insurance market outlook at stable

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 in the private passenger auto segment and the sector’s overall strong risk-adjusted capitalization levels. A new Best’s Market Segment Report,… Continue reading

U.S. life/annuity holdings of structured notes on the rise

BOSTON: The U.S. life/annuity industry increased its holdings in structured notes by one-third over a three-year period, with book adjusted/carrying value reaching $16 billion in 2018, up from $12 billion in 2015, according to an AM Best report. Larger insurers are the primary purchasers of structured notes, as they typically… Continue reading

Strong interest coverage despite higher debt in U.S. health insurance segment

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 carriers have been taking advantage of low interest rates to support their diversification and acquisition efforts, according to a new… Continue reading

Norwegian Reward launches credit card in the U.S.

OSLO: Norwegian Reward has partnered with Synchrony and Mastercard to offer a credit card in the U.S. The goal is to offer an even better loyalty program in one of Norwegian’s most important markets. “This is an important part of our global strategy. The U.S. is an important market for… Continue reading

Solar Frontier Americas acquires megasolar project in Colarado, USA

TOKYO: Solar Frontier Americas Inc., a consolidated subsidiary of Idemitsu Kosan Co.,Ltd. has purchased a megasolar project in the State of Colorado, U.S. (Project name: Pioneer; power generation scale: 100 MWp; Commercial operation scheduled to start in 2020), currently in its pre-construction phase, from GCL New Energy, Inc., a wholly-owned… Continue reading

JS Global Capital improving business ties with USA

KARACHI: JS Global Capital Limited (JSGCL), Pakistan’s leading equity brokerage and investment banking firm is organizing an investment conference titled ‘Pakistan Investment Conference 2019 (PIC-2019)’. This consultation will be held in the United States from the 4th to the 6th of September and is the fourth of its kind event… Continue reading

PIA seeks direct flight access to U.S. main land

KARACHI: Pakistan International Airline (PIA) has sought direct flight access to U.S. cities as flying to US via any en-route transit makes the flight economics unviable.[the_ad id=”31605″]Consulate General of United States of America Joanne Wagner visited PIA head office on Tuesday and held useful talks with PIA team led by CEO… Continue reading

Suven announces asset purchase agreement of Rising Pharmaceuticals

HYDERABAD: Suven Life Sciences Limited, a biopharmaceutical company provider of Contract Research and Manufacturing Services (CRAMS) for global life science companies , has announced a stalking-horse asset purchase agreement to buy assets of Aceto Corporation’s Rising Pharmaceuticals and Rising subsidiaries through its joint venture partner Shore Suven Pharma, Inc.[the_ad id=”31605″]Shore… Continue reading

US delegation due tomorrow for talks on trade, energy

ISLAMABAD: Acting US Deputy Assistant Secretary for Pakistan Henry Ensher will lead high-level delegation to Pakistan for talks on the bilateral ties in Islamabad on Thursday (tomorrow), sources told The Express Tribune on Tuesday. The arrival of the US delegation indicated a thaw in the bilateral relations after a phase of strained relations…. Continue reading