Watford Holdings Ltd.: Watford Announces Purchase of Axeria IARD
Watford Holdings Ltd. ( Watford ) (NASDAQ: WTRE) has completed the purchase of Axeria IARD ( Axeria ), a property and casualty insurance company based in France. Watford has acquired 100% of the capital stock of Axeria IARD from the APRIL Group.
Axeria is headquartered in Lyon, France, with branch offices in Lille and Bordeaux and is active in the French and European Union commercial property and casualty insurance market with in-force gross premiums written of approximately €140 million.
Watford Chief Executive Officer Jon Levy commented: We are pleased to add Axeria to our insurance business in Europe and look forward to working with them to carry out our development in the region. Our objective is to leverage our large capital base and Axeria s experienced team to strengthen existing business relationships and to build new ones.
CRISIL updates on ratings of GMM Pfaudler Ltd
Posted On: 2021-02-15 22:34:26 (Time Zone: Arizona, USA)
CRISIL has vide letter dated February 15, 2021 rated the debt instruments/facilities of GMM Pfaudler Limited as below:
Total Bank Loan Facilities Rated - Rs. 100 Crore
Long Term Rating - CRISIL AA-/Watch Developing (Continues on Rating Watch with Developing Implications )
Short Term Rating - CRISIL A1+/ Watch Developing (Continues on Rating Watch with Developing Implications )
Shares of GMM PFAUDLER LTD. was last trading in BSE at Rs.3788.15 as compared to the previous close of Rs. 3699.15. The total number of shares traded during the day was 59415 in over 4817 trades.