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...A significant part of the Signa group debt was provided by non-bank financial companies such as Dortmund-based insurer Signal Iduna, a midsized company with 12mn customers, mainly in health and life insurance...
...The former US president’s team has spent “countless hours negotiating with one of the largest insurance companies in the world”, the lawyers wrote in a filing, citing a broker they hired, but have concluded...
...The company’s share price is down more than a third from its November 2021 peak....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...Earlier this week, Knight Insurance Group, one of more than a handful of companies that make up Hankey’s financial empire, put up a $175mn bond for Donald Trump, an amount the former president had to post...
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...The attorney-general’s lawyers further claimed Knight Insurance sent “100 per cent of its retained insurance risk to affiliates in the Cayman Islands”, where “lax regulations” allowed the company to bolster...
...Insurer databases showed Dali had liability insurance through Britannia, one of a global group of protection and indemnity insurers that shares losses and are ultimately reinsured at Lloyd’s of London....
...One focus is likely to be the protection and indemnity insurance covering the ship, a must-have liability insurance intended to pay out for crashes, oil spills and other disasters, the people said....
...A separation could give the Vivendi empire more capacity to grow and do deals using their share capital....
...The company spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy...
...In any event, ask whether trustee indemnity insurance is in place, which might offer some reassurance....
...AXA Millésimes, the insurance company’s wine division, is far lower-key than Bernard Arnault’s vast LVMH empire, but has its own investment in Outpost on Howell Mountain, east of the valley....
...(TKO is not included in the deal and will continue to be a public company.) Many will see a redux of what Silver Lake pulled off a dozen years ago in helping Dell privatise his PC empire....
...Over the next 16 years, he spearheaded a string of deals, buying brokerage EF Hutton, investment bank Lehman Brothers, insurance firm Fireman’s Fund and other businesses that turned the charge-card company...
...The payment temporarily ends a stand-off that could have led to parts of the former president’s property empire being seized....
...The New York real estate empire that brought Donald Trump fortune and fame has been imperilled by a sweeping judgment in a fraud case against the former US president, who could ultimately be forced to dispose...
...Knight Insurance agreed to underwrite the former president’s more palatable, reduced $175mn bond....
...But it does raise questions of competence and also why the cost of providing indemnity insurance to the buyer should be borne by the listed fund and not the manager....
...The firm — which separated from Sequoia Capital last year as the VC empire broke up into three companies across the US, China and India — manages $9bn in assets....
...AI empire Blackstone is building a $25bn empire of data centres in a bet on the artificial intelligence boom, Bloomberg reports....
...“People don’t know how good a company I built because people like you go around and try to demean me,” he said, referring to the state’s lawyers....
...These include Sir John Griffin, founder of taxi company Addison Lee, who is given a knighthood for services to business and charity....
...“The annuity is an insurance policy against outliving one’s assets,” said Brendan Curran, SSGA’s US head of defined contribution....
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