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...of Omaha said in his annual letter on Saturday that there were very few deals that offer the kind of transformative impact past takeovers have had, such as its purchases of insurers Geico and National Indemnity...
...There were, he said, few deals that offered the kind of transformative impact past takeovers have had, such as its purchases of insurers Geico and National Indemnity or the BNSF railroad....
...The release follows a promise this month from Microsoft to provide indemnity coverage to any potential copyright claims arising from using its AI CoPilot services, which integrate generative AI into Word...
...However, Kenvue cautioned in its prospectus that it “cannot assure” investors that the indemnity from its parent would be sufficient, and it is also facing claims related to sales in other countries....
...J&J has agreed to indemnify the carved out business from any legal costs related to talc sales in the US and Canada, though Kenvue’s filing noted that it could not guarantee this indemnity would be sufficient...
...Moreover, it would be customary for the placement banks to have an indemnity from Adani in the remote event of an investor lawsuit on the prospectus disclosure....
...Currency Indemnity It is widely assumed that Russia is not allowed to pay the dollar bonds that came due on April 4 in roubles....
...He was even better the following year as the womanising lawyer in Body Heat, Lawrence Kasdan’s high-style homage to Double Indemnity....
...But Pfizer did insist on indemnity against civil claims and required the government to provide finance for an indemnity fund....
...Lixil then turned to the AIG-led consortium, which had sold the Japanese group a warranty and indemnity policy tied to the takeover and covering up to €270m in damages from fraud and misconduct....
...Berkshire Hathaway, through its subsidiary National Indemnity, holds a 5 per cent-plus stake in each of the five sogo shosha, or general trading houses, according to Japanese regulatory filings submitted...
...Warranty and indemnity insurance is being used more frequently,” said Mary Duffy, global head of M&A insurance at AIG....
...Providers typically also offer an indemnity that means that if the borrower goes bust, the asset manager will guarantee to buy back the securities that have been lost....
...Given the scope for controversy, Ice Benchmark Administration insisted that it needed some form of indemnity from committee members, according to people with knowledge of the matter....
...Ironshore was founded a decade ago and had gross premiums written of $2.2bn in 2015....
...Fosun’s investment in Ironshore has proven a good flip: just last year it bought the 80 per cent of Ironshore that it did not already own, completing its ownership for a total cost of $2.5bn....
...He added that although some may ask for more pay or enhanced indemnity and insurance protection in return for taking on such roles, others might be put off working in the UK altogether and seek work in other...
...The float climbed $14bn from the end of 2016, driven largely by a $10.2bn cash payment from American International Group, after Berkshire subsidiary National Indemnity Company agreed to shoulder some of...
...“Mr Harrison has indicated that he will resign after the 2017 annual meeting if the reimbursement and tax indemnity are not provided by CSX, and return to Mantle Ridge to protect his reimbursements,” CSX...
...Still, Fosun is planning to list its Ironshore insurance unit just a year after buying it....
...Hartford has agreed to pay a premium of $650m for the reinsurance from National Indemnity, a subsidiary of Berkshire. The deal will reduce Hartford’s fourth quarter after-tax profits by $423m....
...Since then, Fosun’s overseas activity has slowed and earlier this week it sold Ironshore Insurance in the US. Anbang Insurance has also fallen foul of China’s regulators....
...That is in contrast to a similar deal AIG reached six years ago when Berkshire’s subsidiary National Indemnity Company (Nico) took on responsibility for handling asbestos-related claims....
...Buy: Apple Inc (AAPL) At $106, Apple shares trade at an enticing 13 times broker Drexel Hamilton’s forecast earnings per share of $8.22 for the year to September....
...Baxter, which still owns a fifth of Baxalta, secured an indemnity from the spun-off company against any tax costs arising from such a deal, and this potential liability would be inherited by Shire in the...
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