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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...
...The carved-out company sold $3.8bn of stock at a price of $22 per share, giving it an initial equity valuation of $41bn....
...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....
...But Pfizer did insist on indemnity against civil claims and required the government to provide finance for an indemnity fund....
...So-called warranty and indemnity insurance (W & I) offers companies protection against losses stemming from inaccurate financial statements of businesses they acquire as unexpected tax liabilities....
...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....
...When a hedge fund wants to bet a price of a company will fall, it often turns to an exchange traded fund....
...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....
...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...
...The market value of CSX has swelled by about $12bn since his plans to seek a role at the company became public in January, as investors bet he would deliver better performance....
...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....
...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...
...In a regulatory filing, Munich Re said that Berkshire Hathaway and National Indemnity Company, both controlled directly or indirectly by Mr Buffett, had cut their holdings in the German group from around...
...The fund house also provides an indemnity to cover losses linked to securities lending....
...These include property and casualty insurance, professional indemnity and medical stop-loss....
...Thus the most common forms of risk insurance are policies that cover these warranties and indemnities....
...One of the issues to be resolved at the talks in Geneva was reaching an agreement on indemnity to protect drugmakers from losses if any of the medicines or vaccines prove unsuccessful in clinical trials...
...Sir Andrew Witty, chief executive, has said the company is aiming to do “in maybe five or six months what would normally take five or six years”....
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