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Showing results for Balboa Insuance Company Inc
...Earlier this month, the company, which is owned by a consortium of private equity groups, appointed Frank Lopez-Balboa, a Goldman Sachs veteran with an extensive media financing background, as chief financial...
...The source said the investigators are looking for the potential conflict at Bank of America involving a unit called Balboa Insurance that it owned until last year....
...Here’s an overview of the allegations, from the article: In exchange for the their business, companies such as Citigroup Inc, Wells Fargo & Co, SunTrust Banks Inc. and Countrywide allegedly required reinsurance...
...The WSJ adds that the price tag for Balboa could be $1 to $2bn....
...Under the accord, QBE will assume Balboa’s liabilities. Two companies also agreed to a long-term distribution pact....
...Only Hong Kong-listed PICC – the People’s Insurance Company of China – has got bigger faster. Mr O’Halloran’s latest manoeuvre, relieving Bank of America of its Balboa insurance unit, is typical....
...BofA’s plans go beyond previous announcements that designated assets such as the Balboa credit insurance arm and its stake in the asset manager BlackRock as non-core....
...Balboa, the mortgage-related home insurance arm of Bank of America, which originally came with its purchase of Countrywide Financial, has apparently attracted the interest of at least 10 private equity groups...
...“International Women’s Day is a big deal in Russia,” says José Balboa, with a slightly perplexed smile. “They seem to be the only ones.” Mr Balboa would know....
...Barrack has said for months that it is now more lucrative to own regulated financial companies than to pursue opportunities in the shadow banking world of hedge funds and private equity....
...BofA believes it can raise $6bn to $7bn of after-tax capital from the sale of assets such as private bank First Republic, administration group Financial Data Services and insurer Balboa, say people familiar...
...If the bank is able to sell some of its non-core assets, including First Republic bank and its Balboa insurance subsidiary, it will be close enough to achieving its goal that another two quarters of solid...
...MGM has released about 40 films made by other companies since it was taken private but has produced only two: Rocky Balboa, which was a modest success, and Lions For Lambs, made by its United Artists division...
...The company ended the year with $1.3bn reserved for losses on its mortgage insurance portfolio....
...The release of Rocky Balboa has prompted a re-examination at MGM of other franchises owned by the studio....
...Its main components are the Macau pataca, the Panama balboa, the Burmese kiat, the Bhutan ngultrum and the Laotian kip. May....
...It now also looks like being the fate of some early members of the newly fashionable Web 2.0 wave of internet companies....
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