TORONTO, Nov. 01, 2021 Brompton Funds Limited , the manager of Flaherty & Crumrine Investment Grade Preferred Income Fund is pleased to announce that at a special meeting of. | November 1, 2021
It is becoming more and more commonplace for Portfolio Managers to work with multiple generations within the same family – even when they live in different households. Going back ten or even 20 years. . .
How secured is the Lebanese insurance sector?
May 17, 2016
The insurance penetration rate in Lebanon for 2014 was $557 premium per capita or 3.3 percent of GDP and very low for personal lines. Hence, there is much room for growth. However, if the insurance sector continues to grow without enforcing the appropriate solvency adequacy and corporate governance reform, the possibilities of default would certainly increase.
Vulnerabilities of insurers to default are not automatically tied to the size of the company but such risks do increase when insurers lack transparency in their financial disclosures and operate below the size thresholds that commonly define viable providers. The World Bank pointed this out in December 2013 in a technical note on the Lebanese insurance sector. “Small insurers, family owned and operated, might well be more like family brokerage firms in other jurisdictions, with limited risk retention and a focus on simplest low risk products,” said the World Bank