Hints and tips:
...investment fund Temasek, which valued the company at $5.4bn....
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Its assets have now edged up to over $8bn — excluding roughly $14bn it steers on behalf of Blackstone’s insurance subsidiary — and the investment group has high expectations....
...Business investment is likely to contract by more than overall GDP, as company spending on new projects is typically among the first areas to be cut during a downturn....
...In 2009, an Iowa-based insurer called American Equity Investment Life (AEL) was looking to hive off some of its annuity policies....
...Our new PO would imply an undemanding P/E of 15x in FY22 and only 11.5x in FY23 for double digit growth with increasing ESG momentum....
...Improved profitability not reflected in P/E: The CFROI has increased to be double the market, but the P/E relative is on a 15% discount to the market (roughly in line with its historic norm)....
...Norwegian government support for the oil industry is nothing new, but the materiality impresses even us and once again underlines the low-risk element of Norway E&P investments (if they have quality assets...
...Looking ahead the company has given guidance for 2020 on Net Written Premiums (flat), investment income in the £255-270m range) and dividend guidance (a special is unlikely)....
...at 54.2%, primarily driven by investment in brands and optimising customer proposition....
...Long before Athene, his mentor Mr Rowan scored an early success with Executive Life, a California insurance company that collapsed in 1991 after buying billions of dollars’ worth of junk bonds from investment...
...• Funds flow to equities relative to bonds has never held up this well (given performance and low bullish sentiment) because: i) bonds risk no longer diversifying, and ii) pension/insurance companies’...
...Mondelez is suing Zurich, after the insurance company refused to pay a claim on a property policy for costs related to the NotPetya cyber attack in 2017....
...repayment holidays to certain afflicted companies; (iv) assist in the payment of sickness benefits; and (v) protect supply-chain financing in response to the coronavirus....
...(WSJ) News round-up AT&T paid Trump lawyer for ’insights’ into his boss (FT) Zurich Insurance plays down M&A talk as first quarter premiums beat (Reuters) Japan’s Recruit Holdings to buy Glassdoor for...
...The fund has also led activist campaigns against Autodesk, the US software company, the American hospital staffing supplier TeamHealth and the payments group Worldpay....
...(Reuters) Brazil has raised its benchmark interest rate by 50 basis points to 10 per cent, pushing it into double digits for the first time since March last year as the Latin American country grapples with...
...LLC....
...From his pleasant office overlooking Lake Zurich he began protecting the family money two weeks ago, selling shares and buying insurance against a rout in the markets using put options....
...The latest difficulties include the US’s Foreign Account Tax Compliance Act, a far-reaching law designed to smoke out tax-evading Americans holding money abroad, under which bank and investment details held...
...The company that defaulted was AMR Corp, the parent company of American Airlines....
...Goodwin also knows the hosts well, the American investment bank Merrill Lynch....
...If companies can keep raising dividends we can get more P/E expansion. Much higher taxes on dividends are a worry.”...
...In addition, niche insurance broker THB – in which I had built a stake by selling lacklustre holdings in Peel Hotels, Pressure Technologies, and Stewart & Wight – is in bid talks with a potential large American...
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