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...JAB Holding, the biggest investor in Krispy Kreme, Pret A Manger and Coty, is overhauling its investment strategy to start an insurance business in a significant pivot for the consumer and food empire whose...
...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....
...Buffett takes a firmly hands-off approach to Berkshire’s businesses, but makes an exception for insurance, which spans Geico, the National Indemnity Company, and vast reinsurance operations, including Gen...
...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...
...Exclusive: The owner of Pret A Manger and Krispy Kreme is pivoting to insurance after its consumer and food empire has struggled in recent years....
...Blackstone has hired Dan Leiter as international head of the firm’s credit and insurance business. He previously worked for Morgan Stanley....
...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...
...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....
...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...
...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....
...(Do this thought experiment: picture a conglomerate controlling the same empire of companies as Berkshire, including in notably unpopular industries such as energy, insurance and banking; can you imagine...
...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 this article, Myles McCormick and Eric explore how the energy division arguably faces the most fundamental upheaval of any part of the Berkshire empire. Is Greg Abel up to the top job?...
...In any event, ask whether trustee indemnity insurance is in place, which might offer some reassurance....
...(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...
...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....
...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....
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