Hints and tips:
Showing results for HCC SURETY GROUP, INC.
...Toby Guy, the group said....
...Tokio Marine has agreed to buy US insurance group Pure Group for $3.1bn, the latest move in its multiyear push into the world’s largest insurance market....
...In a synchronised response, offshore mega-deals by the country’s insurers have continued one after the other, highlighted by the $7.5bn acquisition of HCC by Tokio Marine three years ago....
...Last year Mitsui Sumitomo bought UK-listed Amlin (a target that Sompo also coveted) for $5.3bn, while Tokio Marine paid $7.5bn for HCC in the US....
...Tokio Marine’s move for Texas-based HCC is Japan’s eighth largest foreign acquisition since 2001. The deal placed a premium of 37.6 per cent on the closing price of HCC shares on Friday last week....
...Meiji Yasuda Life Insurance has agreed to pay $5bn for the US insurer StanCorp Financial Group in a takeover that extends a record-breaking boom for Japanese overseas dealmaking....
...Peabody’s “liquidity situation has deteriorated faster than we expected as surety and bank guarantee issuers have requested that it post collateral”, LCD analysts said, adding that it may pursue a distressed...
...Both Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group are understood to be keen to strike deals within this financial year, with the likely targets expected to be those with large wholesale...
...But if Japan Inc has overpaid in the past 12 months the motivation for doing so seems clear: business survival....
...EDF, as a state-owned company backed by the surety of the French government, can afford to take such a long-term approach. But even EDF can only spread itself so far....
...Man Group, which with $43.3bn in assets under management is Europe’s largest hedge fund operation, is to announce the launch of a similar fund – its second – on Monday....
...Standard & Poor’s also lowered its counterparty credit rating on MBIA Inc., the group holding company, to ‘BB+’ from ‘A-’. The outlook on the holding company is negative....
...Huveaux dipped 1.1 per cent to 45p after the publishing group announced a recommended cash and shares offer for Epic Group, the online learning group, up 5.7 per cent to 92p....
International Edition