Koin intensified, instead of weakening as expected, with Hong Kong issuingits second highest storm signal at 7pm, before lowing it again just before midnight local time.
The broker group has announced its expansion into the US insurance market following an agreement to acquire ISU Group, one of the largest independent insurance agency networks in America.
New Zealand's Accuro intends to transfer its insurance portfolio to UniMed, so the ratings will remain under review pending competition of the transaction; UniMed's ratings also remain unchanged.
The experienced McDonnell will move from the UK, where he held positions such as COO for The Integrity Council for The Voluntary Carbon Market and CRO at Royal & Sun Alliance Insurance Group.
