Brazil’s securities regulator CVM on Monday suspended the initial public offering of Banco do Brasil SA’s insurance unit BB Seguridade for 30 days, citing irregularities in the use of advertising materials. The offer could be canceled if the irregularities are …
Indonesian investigators on Sunday began working to determine what caused a new Lion Air passenger jet to miss a runway while landing on the resort island of Bali, crashing into the sea without causing any fatalities among the 108 on …
A global goal for limiting climate change is slipping out of reach and governments may have to find ways to artificially suck greenhouse gases from the air if they fail to make deep cuts in rising emissions by 2030, a …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of UK-based Samsung Fire & Marine Insurance Company of Europe Limited (SFME), both with stable outlooks. The ratings …
Ascot Underwriting Ltd. announced the appointment of Paul Taylor as its new Independent Non-Executive Director and Chair of Ascot’s Risk Committee. Taylor is the owner and managing director of Risk Management Options Ltd., a, consultancy business providing services in risk, …
Mutual insurers have found themselves in a prime position to capitalize on changes in the traditional reinsurance market, according to Willis Re, the reinsurance broking arm of Willis Group Holdings. Its newly released “1st View April 2013 Renewals Report” “found …
Marine insurance intermediary Seacurus has launched a new insurance policy to indemnify seafarers in the event of the financial default of their employers and includes recompense in respect of unpaid crew wages. The policy will enable all employers of seafarers …
Japan and the United States have agreed on a deal to allow Tokyo to join talks on a U.S.-led Asia-Pacific free trade pact that Prime Minister Shinzo Abe is making a keystone of his strategy to open Japan’s economy and …
A.M. Best Asia-Pacific Limited has revised the outlook to positive from stable and affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Vietnam’s PVI Reinsurance Company (PVI Re). Best said the ratings reflect PVI …
Britain’s new watchdog announced sweeping changes in financial regulation on Wednesday, telling banks they can no longer blame customers when products go wrong and promising to study how consumers behave to make sure they can make the right decisions. The …
