The Australian regulator initiated civil proceedings against IAL and IMA for allegedly misleading customers about loyalty discounts on home insurance policies.
The ratings were withdrawn following the announcement of the Guam-headquartered insurer's sale to Calvo Enterprises Inc. and TMPI's subsequent request to be excluded from the rating process.
Insurance firms have raised 'war risk premiums' for vessels in Russia's Black Sea ports amid escalating tensions and reported attacks, adding to the country's overall oil export costs.
