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...The chief executive of Aon, one of the world’s largest insurance brokers, has called for better modelling of climate risks, saying conditions in the property insurance market were “stressed” after a surge...
...Lloyd’s of London has attracted its biggest syndicate backed by individuals, or “Names”, since the early 1990s, as the insurance market looks to rebuild a base among private investors after its best performance...
...Haymarket also lent $91mn to Jarm Capital, a Delaware company then owned by Josh Wander, co-founder of 777, according to a person familiar with the situation....
...About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
...As such, tech companies with founder bosses as well as PE-backed companies, he said, may be suddenly more reluctant to subject themselves to the constraints of Delaware law and could then domicile in the...
...Damocles of asserted uncertainty over the heads of Delaware judges . . ,” he drily noted....
...“After ‘investment banker’, ‘independent director of a Delaware public company’ is the safest job in M&A,” Leo Strine, former chief justice of the Delaware Supreme Court, liked to quip....
...dollars of investment for a new artificial intelligence company....
...of Delaware,” he told his 171mn followers on his social network X....
...I’m talking about Delaware. Sujeet Indap Of the 470 public companies in the Fortune 500, more than 300 of them are incorporated in Delaware, in the likes of Disney or Amazon or Google, Microsoft....
...The vote is a chance for shareholders to re-endorse Musk’s leadership of the company, at a time when Tesla’s sales have fallen in the face of slowing demand and rising competition....
...One vice-chancellor of the Delaware Court of Chancery, perhaps surprisingly, welcomed the competition when asked by the Financial Times, citing how much work he had....
...Soon after, Musk took to his social network X and offered some advice: “Never incorporate your company in the state of Delaware.” But will anyone take it?...
...Musk, the world’s richest man, switched the incorporation of his brain-implant company Neuralink from Delaware to Nevada last week....
...Reinsurers “need to feel that it is not just about selling insurance and making a profit. It’s about responsibility as part of society”, Hielkema said....
...Handler’s breach of contract claims against Centerview over back pay and equity remain pending in the Delaware court....
...The bigger picture is that Delaware chancery courts are there to make sure company boards and management are behaving appropriately....
...No concessions of liability have been made,” the company said....
...The company is asking shareholders again to vote in favour of Elon Musk’s 2018 pay package — the same one nullified earlier this year by the Delaware Court of Chancery....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...Ah, Delaware . . . along with decent beaches and the fading glamour of the DuPont dynasty, the state is known for being a cheap and cheerful venue for registering companies in relative privacy....
...Hours after the ruling, which Tesla can still appeal against, Musk wrote on X: “Never incorporate your company in the state of Delaware.”...
...The suit filed in Delaware district court on Thursday is the latest in a string of actions taken against Pfizer and BioNTech over their Comirnaty vaccine....
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