A.M. Best Withdraws Credit Ratings of Transamerica Casualty Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Transamerica Casualty Insurance Company (Transamerica Casualty) (Columbus, OH), the property/casualty... Read more »

Meltdown and Spectre Bugs Could Threaten Your Small Business’s Computers

The fixes for processor flaws Meltdown and Spectre are a long way off. What might be the impact on your small business and its data in the meantime? Read more »

Indians see no reason to buy despite end of season sales

Three senior industry execs said fashion & lifestyle brands and retailers reported 10-12% drop in sales in the same period with the ongoing discount failing... Read more »

A.M. Best Afirma las Calificaciones de MAPFRE Panamá, S.A.

MÉXICO, D.F.--(BUSINESS WIRE)--A.M. Best ha afirmado la Calificación de Fortaleza Financiera (FSR, por sus siglas en inglés) de A (Excelente) y la Calificación Crediticia de Emisor de largo plazo (ICR, por sus... Read more »

A.M. Best Affirms Credit Ratings of MAPFRE Panamá S.A.

MEXICO CITY--(BUSINESS WIRE)--A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of MAPFRE Panamá S.A. (MAPFRE Panamá) (Panama City, Panama). The outlook... Read more »

Bidders in a fix after Insolvency and Bankruptcy Code Amendment

Section 29 C of IBC has been clarified and expanded to now extend to persons who are in control, or are promoters of a corporate debtor whose account is classified as an... Read more »

Bhushan Steel promoter seeks recast of Rs 44k-cr debt under S4A scheme

The letter, written on January 29, alleges that the company was wrongly dragged into IBC under the National Company Law Tribunal despite its debt restructuring mechanism under S4A was on the last... Read more »

Buyers of insolvent firms with stressed arms may get to bid for other companies

Government mulling change in IBC as norms do not allow promoters of a defaulting firm to bid for other insolvent assets. Read more »

Railways to set up metro, rail coach factory in Maharashtra’s Latur

The project, which will be worked out on a public-private partnership basis, is likely it entail investment of more than Rs 1,500 crore. Read more »

Trump Addresses Small Business in State of the Union Address, But Leaders Say More is Needed

President Trump spoke about small business in the State of the Union address, claiming to have fulfilled some big promises of his. Do you agree? Read more »