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...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...Property is also back in the spotlight. In Europe, falling house prices are hurting. One of the casualties is Swedish property company SBB, which borrowed heavily during a local boom....
...Bank of America has named Anthony Knox as country executive for South Africa, according to a memo....
...Alleghany, a property and casualty insurance and reinsurer, has long been described as a mini-Berkshire Hathaway....
...Thanks for reading FirstFT Americas. Here is the rest of the day’s news — Gordon Five more stories in the news 1....
...Simon Property Group, America’s biggest mall owner, and Brookfield Asset Management have been given the green light to buy US department store chain JCPenney out of bankruptcy for $1.75bn, in a deal expected...
...Mr Shields, the KBW analyst, says that historically a rise in the share of Democratic appointees to judges on the US appeals courts leads to an increase in the reserves of held by property and casualty insurers...
...There’s a longstanding perception that America needs a minimum of four wireless companies for healthy competition....
...securities or other property contributed to the capital of the Issuer or a Restricted Subsidiary or that becomes part of the capital of the Issuer or a Restricted Subsidiary through consolidation or merger...
...There’s a lot of insured property out there.” The updates from Travelers and Allstate could signal weakness across the sector as earnings season gets under way....
...“Doug was the draw,” she stresses about her move to South America after their marriage in 1994....
...Meanwhile, UK property owner IWG gave up on sales talks with Terra Firma, TDR Capital and Starwood on Monday....
...US computer company began trialling its version of the technology with a small number of companies late last year....
...The insurer’s life division has performed far better than its property and casualty business, where a series of reserving charges and muted profitability have undermined investor confidence....
...The proceeds of Thursday’s IPO all go to the parent Axa as it looks to fund its $15bn buyout of property and casualty insurer XL Group. Axa has other priorities than its US businesses....
...One of his touchstones for anti-competitive behaviour is the late 1990s US v Microsoft case, in which the company was found guilty of using its operating system monopoly to stifle competitors like Netscape...
...Get in touch with us: Due.Diligence@FT.com When failure is fatal The casualties are piling up....
...Subtlety and nuance about complex issues are the casualties....
...Xcerra, the Massachusetts-based testing chip company, was the latest casualty, when it in February ditched its agreement to be acquired by a state-backed fund in the face of regulatory hurdles....
...Cebile Capital, a private equity placement agent, has hired Steven Westerback as president, head of the Americas....
...Mr Barberini said that San Bruno police would be reviewing Ms Aghdam’s social media posts, as well as gathering “quite a bit” of forensic evidence, security camera footage and searching two properties in...
...The Dow Jones Industrial Average ended the day flat at 21,808, thanks in part to a 2.5 per cent decline for property and casualty insurer Travelers — one of several insurers that took a leg lower as investors...
...It will complete our exit from the run-off life and annuity businesses and strengthen our focus on growing our market-leading property and casualty, group benefits and mutual funds businesses....
...Bank of America Merrill Lynch advised Atlas Merchant. The disposal leaves The Hartford, whose history stretches back to 1810, focused on property casualty insurance and employee benefits....
...of the US intellectual property system”....
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