China’s financial sector regulator is looking into the exposure of the Hong Kong units of domestic banks and insurers to the country’s local government debt, three sources with knowledge of the matter said, as part of its efforts to contain …
Corporate financial health will worsen across the globe this year, failing to gain respite from signs that inflation has peaked and hopes for an economic soft landing, asset manager Janus Henderson said in a report released on Monday. Its global …
An increasing number of the UK’s financial services firms expect a rise in loan defaults in the next three months, the latest reminder of a gloomy economic outlook. A balance of 23% of respondents to the CBI/PwC Financial Services Survey …
Economic and political turbulence caused by the COVID-19 pandemic and Russia’s invasion of Ukraine will be likely to heighten environmental, social and governance (ESG) credit risks this year, credit rating agency Moody’s said on Monday. The cost-of-living crisis stemming from …
Canopius announced it has signed a partnership with Anvil Underwriting Ltd., a credit and political risk managing general agent (MGA). The agreement is effective from Sept. 3 and will allow Anvil to underwrite credit insurance, contract frustration and political risks …
U.S. department store operator Sears Holdings Corp. is having trouble stocking shelves, as some vendors have fled while others are demanding stricter payment terms because of difficulties hedging against default risk. The strain in Sears’ supply chain is exacerbated by …
South Korea’s insurers have been told by regulators to boost capital to prepare for an aging population, with the United Nations predicting a world-beating average life expectancy of 95.5 years by the end of the century. The Financial Supervisory Service …
