Ping An Insurance (Group) Co., China’s second-largest insurer, said it will raise HK$36.8 billion ($4.75 billion) in Hong Kong’s biggest share sale in almost two years to replenish equity and working capital. The company will sell 594 million new H …
Ping An Insurance (Group) Co., China’s second-largest insurer, won regulatory approval for a private placement that may amount to as much as $5 billion, Hong Kong’s biggest share sale in almost two years. The China Securities Regulatory Commission approved Ping …
A.M. Best has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of the Philippines-based Malayan Insurance Co., Inc. (MICO), both with stable outlooks. The ratings reflect MICO’s “solid risk-adjusted capitalization, prominent business profile in …
