NZ's FMA released new guidance to help financial institutions ensure fair treatment of consumers when distributing products and services through intermediated channels.
Discussions are in early stages, but it's understood investment funds and other industry players are interested in a deal which would value Honan at between US$300m-$400m.
Specialty (re)insurance coverage, involving 13 underwriters, has enabled a salvage operation for The FSO Safer which holds 1.14 million barrels of light crude and has been deteriorating since 2015.