Hints and tips:
...Pool Re was set up in 1993 after underwriters, spooked by IRA bombing campaigns in the UK, pulled back from insuring acts of terror....
...But, since Citi first applied for that licence in December 2021, much has changed....
...The valuation is a steep reduction on the $64bn figure SoftBank applied in an internal transaction less than a month ago....
...“At no time,” said the covenants that had applied to the tract of land since a sale in 1945, should any part of it “be occupied by any Negro or person of Negro extraction”....
...Many of these sub-underwriters had prior interests in MPS. The largest was French insurer Axa, which has a commercial partnership with MPS....
...On Thursday, SVB and its underwriter Goldman Sachs raced to complete the share offering....
...“The tables elbows rest on, in our booths, are from the underwriting room of Lloyds 2nd room and were soaked in its ink and now the Claret from generations of Brokers, underwriters, and agents,” it reads...
...Large underwriters have repeatedly pitched Centerview on an IPO, potentially valuing the group more than $5bn. The founders have demurred so far, in part to protect the firm’s ethos....
...The Mondelez case is still pending, but Merck won its case in December, when a New Jersey court found that the insurers could not exclude NotPetya from their coverage because the war exclusion “applied only...
...Late last year, pharma group Merck succeeded in a US court claim that a war exclusion should not be applied to its losses suffered in the NotPetya malware attack....
...Now, obviously, we’ve heard him explain the nuts and bolts of his problem with the phone company and the way that this default has been applied to his file. Now, let’s start with that....
...However, the US bank has faced a headache after it acted as lead underwriter of the calamitous initial public offering of Didi Chuxing in New York in June....
...“I expected Dana White to say ‘I’ll have one drink and dinner is on me’, and leave,” says Dan Zampella, a New Jersey insurance underwriter who’d spent $30 on raffle tickets....
...MaxCyte, the London-listed cell engineering specialist, said it has applied to US regulators for a dual listing on Nasdaq....
...With underwriters retreating from an unprofitable market many may now struggle to get cover at all....
...In a sector plagued by cowboy operators the consequences for underwriters could be very costly indeed. Knowing your customer is tricky....
...Such low fees, however, are rare in Japan, and have previously been applied only to state privatisations such as Japan Post and Kyushu Railway....
...It also has applied for an additional $4.5bn in secured loans that it can wait until September to decide to tap....
...Stephen Rawlinson, analyst at Applied Value, said: “Capita is making up for more than a decade of neglect in its knowhow and technology....
...In August, Goldman Sachs applied to take majority control of a securities joint venture in which it already holds 33 per cent....
...Of the first 100 companies that applied to list on the new exchange, China Securities underwrote 16. Citic Securities, China’s largest broker, has 11....
...However, that rule only applied to its staff and not insurance brokers and underwriters. The LME is owned by Hong Kong Exchanges and Clearing. The rule change was first reported by Bloomberg....
...The ruling will have implications for participants in securities offerings, including underwriters and others involved in disseminating financial information....
...to the brokers and underwriters who work in the building....
...This argument has merit when applied to other parts of the fossil fuels industry....
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