Hints and tips:
...Monday morning quarterback never lost a game The lesson is that bank managements should insist on certainty of proceeds, whether in the form of an underwriting syndicate or a “club deal” of private investors...
...Insurers listed on an unredacted 2020 certificate include familiar names, such as AIG, Chubb, and syndicates from the Lloyd’s of London specialist market....
...On Monday, Chubb became the first US insurer to ban coverage of coal companies....
...Earlier this week the NYDFS fined Illinois Union, a subsidiary of Chubb, $1.3m for underwriting the NRA-branded Carry Guard programme....
...One scoop to start … Siemens’ hopes of winning a large contract worth $15bn to supply power to Iraq have been dashed after the Trump administration intervened on behalf of US rival General Electric, according...
...There appears to be no dispute in the documents that Shnaider signed off on the $100m payment on the understanding that it was heading for representatives of the Kremlin’s interests....
...After serving in the second world war and then working at a couple of agencies, he struck out on his own, starting a new business with peers Ned Doyle and Maxell Dane. DDB opened for business in 1949....
...Chubb will reimburse clients for legal fees in a title dispute up to $100,000. But if the client loses the court case and thus the artwork, they get no compensation....
...SH: I cannot speak on his behalf....
...Karen Gelernt, a partner at law firm Cadwalader, Wickersham & Taft, says: “The difficulty is getting a handle on the size of the problem, because there is no real mechanism for reporting fraud for most originators...
...Lloyd’s itself maybe, but Lloyd’s only has current Names’ money, and most of them only have limited liability....
...New names can now join only as limited liability members, risking no more than their underwriting stake....
...When the majority of profits were made in underwriting equities and bonds or advising on deals, earnings were largely correlated to the ups and downs of the market....
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