Bolivia insurance industry outlook stable as companies sustain growth trend

MEXICO CITY: AM Best has assigned a stable market segment outlook to Bolivia’s insurance industry, based on healthy growth, robust solvency ratios and a sufficient appetite from reinsurers. In a…

NNR August 26, 2019

Australian Exchange

South Korea insurers prepare to face new accounting and solvency rules

HONG KONG: AM Best views South Korea’s non-life insurers as being in a better position than their life counterparts to weather the impact of the International Financial Reporting Standards 17…

NNR August 26, 2019

Australian Exchange

Al Salam Bank’s H1 profit rises by 30 percent to USD 32.62 million

BAHRAIN: Al Salam Bank-Bahrain, the pioneering Shari'a-compliant bank in the Kingdom of Bahrain, posted a net profit attributable to shareholders of BHD 12.31 million (USD 32.62 million) for the first…

NNR August 26, 2019

Australian Exchange

Nomura signs MOU for business alliance with San-in Godo Bank and Gogin Securities

TOKYO: Nomura Securities Co., Ltd., a wholly owned subsidiary of Nomura Holdings, has signed a memorandum of understanding (MOU) with San-in Godo Bank, Ltd. and its wholly owned subsidiary Gogin…

NNR August 26, 2019

Australian Exchange Singapore Exchange

Anglo American appoints Goldman Sachs

LONDON: Anglo American Plc has appointed Goldman Sachs in connection with its previously announced $1 billion share buyback programme Further to the announcement on 25 July 2019 in respect of…

NNR August 22, 2019

Australian Exchange

Metalloinvest signs agreement with 12 banks for receiving ECA backed financing

MOSCOW: Metalloinvest Finance, a leading global iron ore and HBI producer and supplier and one of the regional producers of high-quality steel, announced the signing of a framework agreement with…

NNR August 22, 2019

Australian Exchange

Liberty Mutual Insurance finalizes sale of Pembroke and Ironshore Europe businesses to Hamilton

HAMILTON: Hamilton Insurance Group has completed its acquisition of Pembroke Managing Agency Limited and its platform at Lloyd’s, as well as Dublin-based carrier, Ironshore Europe DAC from Liberty Mutual Group…

NNR August 21, 2019

Australian Exchange

LINE Securities launches new service

TOKYO: Nomura Holdings Inc. announced that LINE Securities Corporation, the firm’s joint venture with LINE Financial Corporation, has launched a new investment service on the LINE platform. LINE Securities is…

NNR August 20, 2019

Singapore Exchange Australian Exchange

Sistema becomes shareholder of pharmaceutical businesses Sintez and Biocom

MOSCOW: Sistema, a publicly traded diversified Russian holding company, has completed the acquisition, together with a financial partner, of a 46.5% equity stake in Sintez Kurganskoe Medical Products Company (Sintez)…

NNR August 8, 2019

Singapore Exchange Australian Exchange

Eight Capital Partners acquires €2 million receivables

LONDON: Eight Capital Partners has completed the acquisition of a €2 million receivable as outlined in its announcement of 1 June 2019 Notice of AGM. Finance Partners Group (FPG) is…

NNR August 7, 2019

Australian Exchange Singapore Exchange

ReAssure announces to acquire Quilter UK for £425mn

LONDON: ReAssure Group, a leading UK closed book life insurance consolidator, has agreed to acquire the UK Heritage business of Quilter plc for a total consideration of £425 million. ReAssure…

NNR August 5, 2019

Australian Exchange Singapore Exchange

Ithmaar Holding announces plans to voluntarily delist from Boursa Kuwait

MANAMA, BAHRAIN: Ithmaar Holding has announced plans to voluntarily delist from Boursa Kuwait, while maintaining its listing on the Bahrain Bourse and Dubai Financial Market (DFM). Ithmaar is Bahrain-based holding…

NNR August 5, 2019