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04.11.26 - 18:21
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AM Best Revises Under Review Status to Developing for Credit Ratings of Premia Reinsurance Europe S.A. (Business Wire)
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AMSTERDAM--(BUSINESS WIRE)--#insurance--AM Best has revised the implications of the under review status to developing from negative for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Premia Reinsurance Europe S.A. (Premia Re Europe) (Luxembourg). Premia Re Europe was formerly known as Cowen Reinsurance S.A.
The Credit Ratings (ratings) reflect Premia Re Europe's balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
The revision in implications of the under review status to developing from negative follows the announcement of the acquisition of Premia Re Europe by Premia Holdings Ltd. (Premia), which was completed on 30 October 2026.
Premia is a global insurance and reinsurance group specializing in the property/casualty legacy sector with an established operating footprint in the United Kingdom (including Lloyd's), United ...
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31.10.26 - 23:15
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Iran Issues Nov 1st Blanket Ban On South Korean Tanker Giant Moving One-Third Of Persian Gulf Oil Exports (ZeroHedge)
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Iran Issues Nov 1st Blanket Ban On South Korean Tanker Giant Moving One-Third Of Persian Gulf Oil Exports
South Korean tanker giant Sinokor is the world's dominant VLCC owner (Very Large Crude Carrier) and has in recent weeks found itself front and center in the crosshairs of Iranian retaliation in the Strait of Hormuz and regional waters.This past week, Iran's Persian Gulf Strait Authority (PGSA) has put the major South Korean maritime shipping and logistics group on notice, saying Sinokor will suffer sweeping action against its fleet starting November 1st if it keeps violating Tehran's protocol for shipping through the strait.This has marked the first time the Islamic Republic issued a blanket warning covering a shipowner's entire fleet, but this is perhaps because Sinokor alone accounted for about 37% of Hormuz oil transits in September and more than 50% of VLCC traffic in the first 10 days of October, according to Lloyd's List Intelligence data.
Source: Sinokor
Despite regional passag...
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29.10.26 - 15:12
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Lloyds hält den Ball flach (Börsen-Zeitung)
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Lloyds hat ihre Ziele für das Gesamtjahr trotz starker Geschäftsentwicklung nicht erhöht. Die Großbank rechnet mit weniger Wirtschaftswachstum und mehr Inflation....
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24.10.26 - 13:18
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Is London really the most-taxed city? Banks accused of cherrypicking data (The Guardian)
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Lobby group's figures, shared with John Healey, are misleading as they do not include major rival Paris, say campaignersA banking lobby group has been accused of cherrypicking data and trying to mislead the British government by claiming a tax rise for banks at next week's budget would leave London less competitive than rival financial hubs.UK Finance, which represents banks including Lloyds, JP Morgan and Revolut, commissions an annual report tallying up all the taxes shouldered by a large bank, including corporation tax, social security, VAT and bank-specific levies. Continue reading......
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