Japan Insurers Plan to Sell $3.1 Billion Worth of Honda Shares, Reuters Reports July 2, 2024 Japan’s four top property and casualty insurers, along with other financial firms, are planning to sell around ¥500 billion ($3.1...
Catastrophe Bonds Are Luring Retail Investors to High-Risk Debt June 24, 2024 By Gautam Naik There was a time when investing in catastrophe bonds was the preserve of hedge funds and other sophisticated alternative asset...
Evergrande Liquidation Lawyers Probe PwC, Others to Recoup Creditor Losses: Sources June 14, 2024 By Xie Yu Lawyers appointed by the liquidators of China Evergrande Group 3333.HK are investigating some of the property developer’s service providers including...
Insurers to Build Private Credit Exposure in Coming Years: Moody’s June 7, 2024 By Matt Tracy Global insurers plan to invest further in the coming years in the growing but opaque private credit market, according to...
KKR Weighs Entering Private Credit in Japan to Challenge Banks June 3, 2024 By Taro Fuse KKR & Co. is considering entering the private credit market in Japan to provide an alternative to bank loans. “It...
China Weighs Record Fine for PwC Over Evergrande Audit Work May 30, 2024 By Bloomberg News China is poised to impose a record fine on PricewaterhouseCoopers LLP and suspend some of the global auditor’s local operations...
PwC Lost Five China Clients After Evergrande-Linked Probe May 29, 2024 By Xinyi Luo PricewaterhouseCoopers LLP lost five Chinese clients in May alone, adding to a list of more than a dozen firms its...
Highlighting Exxon Suit, Investors Urge Firms to Keep Shareholder Spats Out of Court May 28, 2024 A group of around 40 large European and American institutional investors on Tuesday urged companies to refrain from taking shareholders...
Japan’s Insurers Surge on Buybacks, Unwind of Cross-Holdings May 21, 2024 By Aya Wagatsuma and Winnie Hsu Shares of Japanese insurers MS&AD Insurance Group Holdings Inc. and Tokio Marine Holdings Inc. surged after the companies announced stock...
Citi’s CEO Fraser Wary of Insurance Giants’ Role in Private Credit April 25, 2024 By Nicholas Comfort Citigroup Inc. Chief Executive Officer Jane Fraser warned that there’s a risk to the growing number of insurers piling funds...