Australian Exchange Archives

Declining rates could threaten profitability of U.S. workers’ compensation line

December 24, 2019

NEW YORK: Declining rates and growing competition in the U.S. workers’ compensation insurance segment could begin to challenge carriers’ ability to retain profitable accounts…

TBC Bank signs GEL 90 million loan agreement with European Investment Bank

December 24, 2019

LONDON, UK: TBC Bank Group’s subsidiary JSC TBC Bank has signed a loan agreement in the amount of GEL (lari) 90 million with the…

EFG Hermes enters insurance business with proposed acquisition of Tokio Marine Egypt

December 23, 2019

CAIRO, EGYPT: EFG Hermes announced entry into a definitive sale and purchase agreement (SPA) to acquire a 75% stake in life insurance player Tokio…

SICO becomes issue execution advisor to proposed acquisition of BISB by National Bank of Bahrain

December 18, 2019

MANAMA, BAHRAIN: SICO BSC has been recently appointed as issue execution advisor, receiving agent, and allotment agent in the proposed voluntary acquisition of Bahrain…

Founders First Limited successfully lists on the Australian Securities Exchange

December 17, 2019

SYDNEY, AUSTRALIA: Founders First Limited has announced the successful completion of its Initial Public Offer and listing on the Australian Securities Exchange (ASX). Founders…

EIB announces EUR 60 billion funding programme for 2020

December 13, 2019

LONDON: The European Investment Bank (EIB) has estimated its funding needs for 2020 at EUR 60 billion.The EIB has completed its 2019 funding programme…

AM Best assigns credit ratings to new members of Westfield Group

December 12, 2019

OLDWICK: AM Best has assigned the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a+” to…

Oakley to sale its stake in WebPros Group

December 12, 2019

LONDON, UK: Oakley Capital Investments Limited announced that Oakley Capital Private Equity III and other co-investors have reached an agreement to sell their stakes…

EFG Hermes successfully concludes advisory on landmark Aramco IPO

December 11, 2019

RIYADH, KSA: EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced that its investment banking team has successfully completed advisory…

Comments on credit ratings of ARABIA Insurance Company

December 10, 2019

BEIRUT: AM Best has commented that the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of…

NewsnReleases

Category: Australian Exchange