Both insurers responded to a Financial Times report on their cover for the trader, which is accused of raising bank credit against invoices for trades that did not exist.
AM Best affirmed CBIC's A- ratings and still assesses its balance sheet as very strong, but a single concentrated unquoted stake pulled the insurer's capital adequacy score down and the outlooks with...
Insurer says it is the first in Australia to price Tesla's supervised self-driving technology into premiums, following US carrier Lemonade's move earlier this year.