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...of Omaha said in his annual letter on Saturday that there were very few deals that offer the kind of transformative impact past takeovers have had, such as its purchases of insurers Geico and National Indemnity...
...There were, he said, few deals that offered the kind of transformative impact past takeovers have had, such as its purchases of insurers Geico and National Indemnity or the BNSF railroad....
...Allstate, State Farm and AIG have stopped underwriting new homeowners’ policies in California because of the risk of destructive wildfires....
...The release follows a promise this month from Microsoft to provide indemnity coverage to any potential copyright claims arising from using its AI CoPilot services, which integrate generative AI into Word...
...The carved-out company sold $3.8bn of stock at a price of $22 per share, giving it an initial equity valuation of $41bn....
...J&J has agreed to indemnify the carved out business from any legal costs related to talc sales in the US and Canada, though Kenvue’s filing noted that it could not guarantee this indemnity would be sufficient...
...Moreover, it would be customary for the placement banks to have an indemnity from Adani in the remote event of an investor lawsuit on the prospectus disclosure....
...But Pfizer did insist on indemnity against civil claims and required the government to provide finance for an indemnity fund....
...Company, Medalist Partners Corporate Finance, Tall Tree Investment Management and New Generation Advisors....
...So-called warranty and indemnity insurance (W & I) offers companies protection against losses stemming from inaccurate financial statements of businesses they acquire as unexpected tax liabilities....
...(BBG) Diversity push Companies usually choose big-name banks like JPMorgan, Bank of America and Citigroup for bigger roles on bond deals — but the insurance company Allstate has hired solely banks owned...
...Berkshire Hathaway, through its subsidiary National Indemnity, holds a 5 per cent-plus stake in each of the five sogo shosha, or general trading houses, according to Japanese regulatory filings submitted...
...Warranty and indemnity insurance is being used more frequently,” said Mary Duffy, global head of M&A insurance at AIG....
...But the likelihood of the rebuilding effort that could follow such a storm propped up home improvement companies such as Home Depot and Lowe’s....
...The updates from Travelers and Allstate could signal weakness across the sector as earnings season gets under way....
...That followed gains of more than 2 per cent for both companies on Monday....
...Fitch notes the five groups with the biggest homeowners insurance exposures, are: State Farm Group, Heritage Insurance Group (including Hawaii focused Zephyr Insurance Company), USAA Group and Allstate...
...The changes will impose a tax on premiums that US subsidiaries pay to their parent companies overseas....
...When a hedge fund wants to bet a price of a company will fall, it often turns to an exchange traded fund....
...Given the scope for controversy, Ice Benchmark Administration insisted that it needed some form of indemnity from committee members, according to people with knowledge of the matter....
...“You can see Geico and Progressive have been picking up share at the expense of Allstate,” he added. “They have been aggressive and there is a penalty for that.”...
...He added that although some may ask for more pay or enhanced indemnity and insurance protection in return for taking on such roles, others might be put off working in the UK altogether and seek work in other...
...The float climbed $14bn from the end of 2016, driven largely by a $10.2bn cash payment from American International Group, after Berkshire subsidiary National Indemnity Company agreed to shoulder some of...
...The market value of CSX has swelled by about $12bn since his plans to seek a role at the company became public in January, as investors bet he would deliver better performance....
...Hartford has agreed to pay a premium of $650m for the reinsurance from National Indemnity, a subsidiary of Berkshire. The deal will reduce Hartford’s fourth quarter after-tax profits by $423m....
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