Ace Risk Management
Ace Risk Management recruits corporate risk solutions head
Ace Risk Management, a unit of Bermuda-based insurer and reinsurer Ace, has hired David Brodsky as senior vice-president to lead the newly established corporate risk solutions group.
Australian capital/asset ratios consistent with credit ratings, says S&P
MELBOURNE – The capital to asset ratios of the four major Australian banks, as measured by credit rating agency Standard and Poor’s own approaches, are consistent with the banks’ double A ratings, S&P said today.
Documentation dilemmas
Concerns over credit event definitions and the Basel Committee’s ‘ w ’ capital charge on credit mitigation instruments will not be easily resolved.