Credit Risk Insurance

Bank of America launches card payment

Share Tweeter Share Share Share E-mail In today’s top digital banking news, Bank of America is expanding its business-to-consumer (B2C) payment offerings, while State Street’s exchange-traded fund business examines how it can leverage growing consumer demand for digital tokens like bitcoin. In addition, the China Banking and Insurance Regulatory Commission …

Read More »

Bank of England launches climate change stress test

The Bank of England has put in place a new stress test linked to the ability of the UK financial system to cope with climate change. The test will examine the resilience of the nation’s 19 largest banks and insurers, including HSBC, Barclays and the London Lloyd’s insurance market, to …

Read More »

Form 424B2 MORGAN STANLEY

If an Event of Default with respect to the Securities has occurred and continues, the amount declared due and payable upon any Acceleration of the Securities (the “Acceleration Amount”) will be an amount, determined by the Calculation Agent at its time. sole discretion. , which is equal to the cost …

Read More »

How Being Loyal With Your Auto Insurer Could Cost You Money

It’s one of those times when it’s really worth being alone. Even the best auto insurance companies don’t usually get a lot of customer love, but some of them are even worse than most people think. I’m not talking about stingy claims adjusters or political loopholes. Some auto insurers, large …

Read More »

UOI has a 5-year average combined ratio of 44%

United Overseas Insurance (UOI) has a history of very strong operational performance, as evidenced by a five-year average combined ratio of 44% and an operating ratio of 12% (2016-2020), says AM Best. The COVID-19 environment has resulted in a level of volatility in underwriting and investment results; however, AM Best …

Read More »

UK retailers urge ministers to expand credit insurance scheme

Retailers are pushing the UK government to expand the scheme that guarantees trade credit insurance, fearing many will be left without coverage in the end. The trade credit reinsurance system was put in place in May 2020 and offers indemnities to specialized insurers who cover suppliers against the risk of …

Read More »

ATI reports earnings for 9th consecutive year as it marks 20 years of supporting trade and investment in Africa

ATI (www.ATI-aca.org) has demonstrated great resilience and posted 43% net profit growth and gross exposure of USD 6.3 billion in the middle of the COVID-19 Global pandemic; ATI increases its capital base and its footprint on the African continent thanks to the support of the African Development Bank (AfDB), the …

Read More »

AM Best assigns credit ratings to Quanta Insurance Company, Inc.

AM Best Has assigned a financial strength rating of A- (excellent) and a long-term issuer credit rating of “a-” (excellent) to Quanta Insurance Company, Inc. (QIC) (Houston, Texas). The outlook assigned to these credit ratings (ratings) is stable. The ratings reflect the strength of QIC’s balance sheet, which AM Best …

Read More »

Guggenheim Energy & Income Fund announces takeover bid

Enter Wall Street with Street Insider Premium. Claim your 1-week free trial here. NEW YORK, June 02, 2021 (GLOBE NEWSWIRE) – Guggenheim Energy & Income Fund (the “Fund”) (XGEIX) today announced a takeover bid to purchase up to 2.5% of the issued and outstanding common shares of the Interest Fund …

Read More »

Vesttoo appoints Robert Schumaker Vice President of Capital Markets

The alternative reinsurance platform Vesttoo has announced the appointment of Robert Schumaker as vice president of capital markets. Schumaker is a former Managing Director of State Street Bank and Vice Chairman of Credit Suisse. In this new role, he leads Vesttoo’s ILP program, which offers asset managers and pension plans …

Read More »