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 (IFRS 17) accounting standard and K-Insurance Capital Standard (K-ICS) solvency…
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 half of 2019; reflecting a 30 % increase over the…
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 Securities to explore a comprehensive business alliance aimed at providing…
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 the commencement of a share buyback programme of up to…
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 12 banks for executing deals under ECA backed financing, a…
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 Inc. The transaction, which follows the signing of a definitive…
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 committed to making investing more accessible to a wide range…
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) and a 75.1% equity stake in Biocom, through holding company…
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 an Italian financial services company that, among other things, takes…
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 is a leading closed book life insurance consolidator in the…
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 company that is licenced and regulated as a Category-1 Investment…
TOKYO: Aozora Bank Ltd., a leading Japanese commercial bank, announced its financial results for the first three months of FY 2019. In the first three months of FY2019, Aozora reported consolidated net revenue of 23.3 billion yen, business profit of …