Hints and tips:
...Fitch downgraded Allstate’s holding-company credit to BBB+ from A- earlier this year, citing “sharp underwriting result deterioration”....
...He hasn’t announced a blank-cheque deal since January, when his Social Capital Hedosophia Holdings Corp V announced a tie-up with the digital lender SoFi....
...Currently holding £435bn. Corp bonds QE has been done before (they hold £10bn) still a potential route if credit mkts do seize up down the line....
...Investment strategy: A value investor and a disciple of Ben Graham, Mr Watsa invests via his insurance company Fairfax Financial Holdings....
...Six months later the bank failed and the Federal Deposit Insurance Corp, the regulator, sold WaMu to JPMorgan....
...Email Viral V Acharya...
...“I think the bigger holders now of securitisations are insurance companies and pension funds.”...
...Nomura Holdings, Japan’s largest broker, dropped 7.3 per cent to Y1,326 in Tokyo and HSBC, the company with the biggest weighting in Hong Kong’s Hang Seng index, Sumitomo Mitsui fell by 7.1 per cent to Y630,000...
...Maurice “Hank” Greenberg, the recently ousted chairman of AIG, the world’s largest insurance company, has always been a tough businessman....
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