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Credit Guarantee, South Africa’s largest credit insurer has officially entered the Bonds and Guarantees business.
In the space of less than six-months, leading South African short-term insurer, Lion of Africa Insurance, has been upgraded from an “A-“ to an “A” national scale rating by Standard and Poor’s (S&P) Rating Services.
The Competition Tribunal has approved unconditionally the 100% acquisition of Momentum Short Term Insurance by MMI Holdings Limited from OUTSurance Holdings Limited, a subsidiary of Rand Merchant Insurance Holdings Limited (RMI). The Johannesburg Stock ex
Global Credit Ratings (GCR) has reaffirmed its international scale A (single a) rating and its National scale AA+ (double a plus) rating on Hannover Reinsurance Africa Ltd. Both ratings have also been given a stable outlook.
Are financial advisers ready for the combined impact of COFI and AI?