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The FT’s fifth annual ranking of the region’s businesses by revenue growth.
...Shares in Travelers, one of the biggest US insurers, rose 7 per cent in early trading on Wall Street after it posted fourth-quarter net profits of $1.6bn, doubling from the same period the previous year...
...“There is a lot of cover for the [protection and indemnity] element to address,” said Neal, citing the $3bn of liability reinsurance that the ship has access to through the International Group of P&I Clubs...
...But an analysis of the indemnity clauses published by the cloud computing companies show that the legal protections only extend to the use of models developed by or with oversight from Google, Amazon and...
...Insurer databases showed Dali had liability insurance through Britannia, one of a global group of protection and indemnity insurers that shares losses and are ultimately reinsured at Lloyd’s of London....
...One focus is likely to be the protection and indemnity insurance covering the ship, a must-have liability insurance intended to pay out for crashes, oil spills and other disasters, the people said....
...Still, that’s quite the drag on the UK government’s finances over the next few years, all because of an indemnity to guard the BoE against the optics of fiscal dominance....
...BROOKE MASTER: The whole period in the 80s and 90s came at a time when lots of companies were combining in lots of different areas....
...Information technology companies make up only 1 per cent of the FTSE 100; in the S&P 500, it’s 29 per cent....
...Because that isn’t spiteful enough, the indemnity levied on France amounts to around a quarter of its national output....
...Still, the Travelers executive did admit to some anecdotal evidence of bigger hail....
...In overturning his pay package, the court said Musk, who owns more than a fifth of the company, was too cosy with Tesla’s board and the value of the package was unfair to other shareholders....
...Farmers in Latin America are rushing to plant cocoa as the price of chocolate’s main ingredient soars amid a global shortage of supplies....
...The Financial Reporting Council, reviewing 263 mainly FTSE350 companies as part of its latest annual review, found 25 requiring restatements of their accounts....
...of smaller companies....
...At Bank of America, rising deposit costs equalled two-thirds of new interest received in the quarter....
...Another possibility is for companies to spin off part of their business to list in the US. Again, this is only applicable to a few and might reduce the liquidity of a company’s main European listing....
...Methodology The FT Americas’ Fastest-Growing Companies 2024 is a list of the 500 companies in the Americas that have the highest growth in publicly disclosed revenues between 2019 and 2022....
...US GDP: Economists expect the advance estimate for first-quarter US economic growth to be 2.4 per cent, after gross domestic product expanded by 3.4 per cent in the fourth quarter of 2023....
...Ross’s Hard Rock Stadium in Miami is one of the venues. The US is also set to host next year’s Copa América and the revamped Fifa Club World Cup in 2025....
...Geico and National Indemnity or the BNSF railroad....
...for Latin America’s largest economy....
...“A wide range of growth initiatives across the group is now starting to deliver,” he said. The company expects full-year organic sales growth in a range of about 4 per cent for the full year....
...gas export infrastructure would “multiply the value of the company in the next four years”....
...His refusal to sell has been reminiscent of a practice that Weill imparted on all of his top executives while building financial services group Travelers back in the day, making them swear a “blood oath”...
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