Hints and tips:
...Smaller rival Winnebago and RV retailer Camping World Holdings made similarly outsized gains during the period....
...Assured Guaranty provides a niche type of insurance that pays out to lenders if a borrower defaults on its loans....
...The sales uptick has helped other RV and outdoor leisure-related stocks too. Winnebago Industries, a rival RV manufacturer, is trading at a record high....
...The pair had previously joined forces to create a blank-cheque acquisition company that bought the life insurer Fidelity & Guaranty Life for $1.8bn in 2017....
...US RV sales have fallen this year. A 20 per cent decline was recorded in July alone. The slowdown in sales has almost halved Trigano’s share price since last summer’s peak....
...McClatchy is proposing the US government’s Pension Benefit Guaranty Corporation take over its retirement plan....
...will continue to operate as usual, with $50m in debt-in-possession financing from Encina Business Credit, while the restructuring plan is being agreed with creditors, bondholders and the Pension Benefit Guaranty...
...AMG sold its equity stake to Assured Guaranty for $91m....
...Sales at battery-maker Duracell and RV manufacturer Forest River both slid, while the unit that includes Fruit of the Loom also saw revenues decline....
Foreign investments does not always mean foreign exposure
...Several of Berkshire’s consumer businesses faced challenges during the quarter, with revenues falling at the Duracell battery business, RV manufacturer Forest River, and the See’s Candies unit....
...Jamie Dimon, chief executive of JPMorgan Chase JPMorgan’s history in Saudi Arabia stretches back 85 years, when its predecessor firm, Morgan Guaranty Trust, began helping US oil companies in the kingdom...
...Mr Kandarian — the former head of the Pension Benefit Guaranty Corporation, a federal agency that safeguards retirement schemes — said the episode was “especially distressing to me” and “deeply embarrassing...
...The problems at MetLife — which is headed by Steven Kandarian, former head of the Pension Benefit Guaranty Corporation, a federal agency that safeguards retirement schemes — involve pensions risk transfer...
...Driving a rented RV is a bit like being at the helm of a poorly fitted 1980s kitchen on wheels....
...Last year, an investment group led by former Blackstone executive Chinh Chu acquired Fidelity and Guaranty Life, another fixed annuities business, in a transaction that will see Blackstone manage FGL’s assets...
...Fidelity & Guaranty Life formally terminated the agreement with Anbang in April this year. The true shareholdings of unlisted Anbang are murky and its backers have never been fully revealed....
...Lines of battered RVs line certain streets in places such as Mountain View, where the courts have said they can park for 72 hours at a time....
...It has been linked with a possible purchase of the US insurer Fidelity & Guaranty Life, and is also seeking to take on risks from pension plans in the US....
...The biggest US insurer by market value had been planning to float a 20 per cent stake in United Guaranty Corporation (UGC) before offloading the North Carolina-based mortgage business in full, write James...
...The concerns come as Chinese insurer Anbang has faced struggles in its bid to buy Fidelity & Guaranty Life....
...It comprises Flushing Financial, Guaranty Bancorp, Independent Bank, MutualFirst Financial, Seacoast Banking Corporation of Florida, State Bank Financial, and United Financial....
...Mr Dachille said that AIG’s residential portfolio had been “limited” in large part because it had already been exposed to the housing market through its mortgage insurance business, United Guaranty Corporation...
...The biggest US insurer by market value had been planning to float a 20 per cent stake in United Guaranty Corporation (UGC) before offloading the North Carolina-based mortgage business in full....
...However, some analysts remain concerned about regulatory risk as Chinese insurer Anbang’s deal to buy Fidelity & Guaranty Life has come up against regulatory hurdles....
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