Major Chinese insurers are unlikely to face a crisis due to the country's falling property market, however the extent of exposure for smaller and privately backed players is unclear.
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.
Hewitt, a veteran of the legal industry, will lead BMS Group's operations in Japan as the firm aims to establish itself amid the surge in Japanese M&A insurance market
Japan P&I retains its 'BBB' financial strength and long-term issuer credit ratings from S&P Global Ratings, however potential losses from last week's Fremantle Highway vessel were not mentioned...
Goldman Sachs is understood to be gathering indicative bids based on the insurer's projected earnings, which may price local players out of the market.
