Fitch Ratings has downgraded Novae Group plc's (Novae) Issuer Default Rating to 'BBB-' from 'BBB' with a Stable Outlook and subordinated debt issue to 'BB' from 'BB+' and removed both ratings from Rating Watch Negative (RWN) Fitch has subsequently withdrawn the ratings as they are no longer considered to be…
In the Pakistani capital Islamabad, adverts for terrorism insurance can be seen throughout the city. The National Bank of Pakistan’s Protection shield insurance scheme adverts offer coverage for a wide range of disasters with the most visible being terrorism insurance. There is even a fine print at the bottom of…
Insurance regulator IRDA is in the early stages of drafting a regulation for covering nuclear accidents. The move assumes significance as India is expected to be a major player in this sector after its nuclear deal with US is operationalised. "We are in early stages (of the regulation). This thing…
