Despite two capital injections worth US$1bn and a return to net profit, Fubon's credit ratings remain under scrutiny due to money owed from reinsurance counterparties.
While liquidators are still working to recover money from its Hong Kong business, Target announced they'd received letters of intent to fund its UAE subsidiary, Himalayas Insurance.
This is the second time the Indian regulator has issued a business transfer order for SILIC. The first in 2017 was set aside by the Securities Appellate Tribunal.
