'$125 million for the hull and the remaining of over $350 million for liability.'
'I now see rates rising again, particularly after recent losses - especially the January wildfires in Los Angeles.'
The finance ministry is in favour of extending the August deadline for public sector banks (PSBs) as well as insurance companies to increase their minimum public shareholding (MPS) to the mandated 25 per cent, said a senior government official. "The election results will determine the course of action. "Most likely, those who did not receive an extension to meet the minimum shareholding norm will be granted one," the senior government official said.
'It is difficult to write business internationally, without an 'A-' rating. It becomes more expensive.'
'Because it is the only public sector company in this sector, currently.'
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