Fosun’s weakening credit profile could hurt Peak Re’s ratings
Business Insurance - Jun 21, 2022
U.S.-based Moody’s Investors Service Inc. is looking to downgrade the A3 insurance financial strength rating of Hong Kong-based Peak Reinsurance Co. Ltd. from “stable,” due to concerns of contagion risks from the weakening credit profile of its majority shareholder....
Recommended Articles
Posted: Aug 22, 2023
South Korean insurers’ combined net profits increased to around 8 trillion South Korean won ($5.95 b...
Posted: Aug 22, 2023
According to a new report from Aon PLC, South Africa’s insurance market is continuing to see reduced...
Posted: Aug 22, 2023
Independent insurance brokerage Latin RE is the first Brazilian broker to get a license to operate d...