Hints and tips:
...JAB has acquired stakes in two companies from Fairfax, taking over its interests in Crum & Forster Pet Insurance Group and Pethealth in a deal announced on Monday....
...North American business.”...
...Within 24 hours, Ace struck the largest pure insurance takeover in the sector’s history with the $28bn acquisition of local US rival Chubb....
...Americans may take umbrage because their largest drugs company would switch its tax registration to the UK as part of the deal....
...At $35, AIG’s shares still trade at about half the company’s book value while more profitable rivals in the insurance industry, such as Chubb, Travelers and ACE Limited, trade in line with or above book...
...Dom Addesso, president of Everest Re Group, the parent of Heartland Crop Insurance, told investors in a recent conference call that the “the only headwind in the insurance book” of the company right now...
...He played a pivotal role bringing together a coalition of 11 financial institutions, including Bank of America, Morgan Stanley and UBS, to challenge the multibillion-dollar restructuring plan of MBIA Insurance...
...Even so, Ruen Chen’s inexperience, relative to competing bidders Chinatrust Financial, Fubon Financial and Cathay Financial, makes it unlikely to ace all five. Then there’s the price....
...In 2002, Mr Brindle joined the board of Ascot Underwriting, which is owned by American International Group, enabling him to keep a hand in the insurance industry....
...V....
...Maurice “Hank” Greenberg, the recently ousted chairman of AIG, the world’s largest insurance company, has always been a tough businessman....
...Mr Spitzer and the Securities and Exchange Commission have subpoened some half-dozen companies requesting information on their use of finite insurance and reinsurance products, including Ace, MBIA, Platinum...
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