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Asian companies at higher risk of default this year: data

Jun 8, 2020

“We expected the pick-up in default rates to be mostly amongst smaller companies who already had a stretched liquidity profile and less access to alternative funding channels,” said Alaa Bushehri, head of emerging market debt at BNP Paribas Asset Management. 

Munich Re’s ERGO to acquire 24.9% stake in Chinese P/C Insurer

Jun 8, 2020

China has been one of the insurer’s most important strategic markets for about 15 years, said ERGO noting that it founded its Chinese travel insurance and health service company in 2005 and in 2013 formed ERGO China Life, its life insurance joint venture with the state-owned company Shandong Asset Investment Holdings Co. Ltd. In 2019, ERGO launched the regional headquarters of ERGO China.

Coronavirus Situation “Worsening” Worldwide: WHO

Jun 8, 2020

After East Asia, Europe became the epicentre of the disease, but has now been overtaken by the Americas.

“Although the situation in Europe is improving, globally it is worsening,” WHO chief Tedros Adhanom Ghebreyesus told a virtual news conference in Geneva.

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