Apex Insurance New Zealand was founded in 1999 and has grown to become one of NZ's largest privately-owned insurance brokers, serving the mid-market and SME segment.
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.
Investments led to wider operating deficit, but Fitch maintained rating due to reduction in underwriting deficit, strong capital, and continued support from its parent company.
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...