asset risk News

China: Domestic Insurers Must Boost Capital to Cover Shadow-Banking Risk

China’s Premier Li Keqiang has told the world’s fastest-growing major insurance industry to boost capital as rating companies warn of shadow-banking investments. Policy providers will need cushions commensurate with their risks rather than just size, the industry regulator said Feb. …

A.M. Best Upgrades Rating of Greenlight Reinsurance Ireland

A.M. Besthas upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and the issuer credit rating (ICR) to “a” from “a-” of Greenlight Reinsurance Ireland Limited. Concurrently, A.M. Besthas affirmed the FSR of A (Excellent) and the …