Hellenic Bank’s takeover of CNP Assurances’ regional operations, allowing it to dominate the local insurance market is a credit positive, according to Moody’s Investors Service. The €182 mln deal will help the
Freedom Holding Corp. (FRHC), parent of CySEC-licensed Freedom Finance Europe, saw its revenues soar to $418.6 mln in the third quarter of its 2023-2024 fiscal year, nearly double the $214 mln earned
Once or twice a year, we experience heavy rain because of storms, which cause damage to the infrastructure and buildings. Readers often call our office asking for our opinion about the party
The European Insurance and Occupational Pensions Authority (EIOPA) released a special report on the possible increase in risks that climate change may cause to insurance companies. In addition to the specific findings
Insurers must innovate to sustain profits and growth as technology alters consumers’ insurance needs and changes the way they buy protection, Moody’s Investors Service said in a new report. Rapid take-up of
The outlook for reinsurance has changed to ‘stable’ from ‘negative’ as prices increase amid a worldwide economic rebound, supporting the sector’s earnings while capitalisation will remain solid, Moody’s Investors Service said Tuesday.
Despite my involvement in real estate over the last 42 years, I am still learning from mistakes and omissions and various tricks that insurance companies and others come up with. I want
Moderate and uneven economic recoveries amid the coronavirus pandemic as well as political and trade uncertainties pose risks for financial institutions in emerging markets throughout Asia, Latin America, Europe, the Middle East
The Steamship Mutual Underwriting Association’s new European office in Limassol gives prestige and consolidates Cyprus as a quality cluster of international maritime activities, the island’s junior minister for shipping said. SMUAE is
Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through the impact on economic growth and the resultant financial market volatility, according
