Macau News

BHSI Licensed to Provide Re/Insurance in Macau; Key Positions Announced

Berkshire Hathaway Specialty Insurance Co. (BHSI) has received a license to provide insurance and reinsurance in Macau and filled key positions in its newly established Macau office. “It is a very interesting time in Macau, with continued diversification of the …

Jury Begins Deliberation In Las Vegas Casino Case

Jurors have begun deliberations in a breach of contract case against casino giant Las Vegas Sands after hearing conflicting stories from lawyers about the role a Hong Kong businessman played in helping the company enter the lucrative Chinese gambling enclave …

Ratings Recap: Gulf, Unity Re, Connaught, Macau

A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘C++’ (Marginal) from ‘B’ (Fair) and issuer credit rating (ICR) to ‘b’ from of ‘bb+’ of Gulf Insurance Limited, which is based in Trinidad, and has placed both ratings …