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OLDWICK, N.J. — AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Blumont Annuity Company (Blumont) (Toronto, Ontario, Canada). The outlook of these Credit Ratings (ratings) is stable. Read More
As an Arctic storm blasted New York City with snow drifts and sent temperatures as low as 15 degrees below freezing, two unknown 18-year-old “models” walked into a Chase branch on Manhattan’s 2nd Avenue. Read More
(Bloomberg) — The US Navy could start escorting tankers through the Strait of Hormuz by the end of this month, Energy Secretary Chris Wright said. Read More
(Bloomberg) — Sanlam Ltd. sounded the alarm about the impact of a protracted war in the Middle East, with Africa’s biggest insurer saying the conflict could have a “massive” impact on its performance. Read More
(Bloomberg) — The Iran war has not just broken a decades-long relationship between crude oil and emerging-market currencies, it has pushed it into reverse, with their correlation turning the most negative in at least 27 years. Read More
