Hints and tips:
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...In the news Apollo to merge with Athene Apollo Global Management is to merge with Athene Holding, the life insurance company it created at the height of the financial crisis, transforming the alternative...
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...Heritage Insurance closed down 10 per cent in New York and Universal Insurance 12 per cent after heavier losses during the trading day. Both companies provide property and casualty cover in the state....
...But the three main business areas — life, property-casualty and mortgage insurance — remain....
...A new regulatory body is needed to help navigate and eventually untangle these new linkages between banks, securities companies, trust companies and insurance firms, and can also help coordinate the tricky...
...Reserve Bank of New York and shared between the government and the insurance group – for $7bn....
...She expressed concern for the bank employees, but not the management or owners, who will lose their jobs and shares in the company....
...So if you don’t need money; if you own an office building and you have no debt and you want to borrow 40 per cent of today’s value there’s some insurance companies that will make that capital available....
...AIG could be in for more pain....
...We have been looking at some companies there. We have bought a company in London in the casualty business. We bought it and were able to list it on Lloyd’s....
International Edition