Hints and tips:
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...The company, which was set up by Lewis Ranieri of Liar’s Poker fame, presents itself in altruistic terms as a new path for less wealthy Americans to become homeowners....
...In its latest quarterly results, ACE disclosed the likely root cause: the SEC informed the company that it was “investigating certain disclosures” made in its Spac prospectus....
...Here’s Peel Hunt on RSA Insurance: We view the recent sell off in the share price as having been overdone....
...Almost Heaven is also the name of the Washington-based yacht of Joe Manchin, the state’s Democratic senator, who berths in the capital when Congress is in session....
...He has lured a host of senior industry figures, many of whom he worked with in roles at ACE, Marsh & McLennan and Hamilton, as well as at AIG itself....
...The deal will also return AIG to Lloyd’s of London, which Mr Duperreault said on Monday was “important” to “any general insurance company”. AIG quit the Lloyd’s market via a disposal in 2016....
...Trump, for example, blocked Qualcomm’s proposed $142bn takeover by Singapore-registered Broadcom on concerns that it might lead to reduced R&D spending by the US company, allowing China to steal a lead in...
...Large scale M&A in insurance has taken a breather since the merger mania of 2015, when Ace struck a deal with Chubb, XL bought Catlin and brokers Willis and Towers Watson came together....
...Ace was founded in 1985 by large multinational companies that were struggling to secure adequate liability insurance. Chubb was a more US-centric concern, serving mid-sized companies and individuals....
...It’s an unsustainable business model aimed at bilking insurance companies. The latest Valeant market crash was still ongoing at pixel, the stock being off 45 per cent or so at $38....
...With this formula, and assuming the ratio of (1+g)/(1+r) didn’t change, you can explain all of the observed decline in American banks’ market cap to asset ratios simply by comparing their return on assets...
...(Financial Times) Judge clears American-US Airways merger: The long-running effort to merge US Airways and the bankrupt parent of American Airlines looks close to success after a bankruptcy court judge...
...J.R. Ewing couldn’t have put it better. Not going to pot(ash) A lucky escape for the shareholders in BHP Billiton....
...MBIA Insurance Corp, Radian Group Inc, Sprint Nextel and R.R. Donnelley & Sons are all in there....
...Apple may now be worth more than any company in the world. But the future flow of ideas, and the spread of R&D, is globalising. So too is American-educated talent....
...Greenberg has been quietly building up a family of insurance companies that could compete with A.I.G. To fill the ranks of his venture, C.V....
...He served as chairman and chief executive of American International Group from 1967 until 2005, during which time he build AIG into the largest insurance company in the world Read Hank Greenberg’s letter...
...V....
...Zoom: The Global Race to Fuel the Car of the Future By Iain Carson and Vijay V....
...Given that the Committee on Capital Markets Regulation received $500,000 from the C.V. Starr Foundation, a group with strong ties to Maurice R....
...An annual study of Germans’ fears, conducted by the R+V insurance group since 1991, shows falling purchasing power, economic weakness and unemployment topping their concerns this year, with terrorism in...
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