Hints and tips:
...“As unequivocally and unambiguously stated, Johnson & Johnson has agreed to retain all the talc-related liabilities—and indemnify Kenvue for any and all costs—arising from litigation in the United States...
...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....
...In the 1990s GE was the largest US company by market capitalisation and, as recently as 2009, was one of the five-largest listed groups in the world....
...Ms Bourqui, who will move into the role in May, joins from ABB where she serves as head of pension assets and liabilities management for the Swiss engineering group....
...Problematic policies sold by AIG, such as professional liability and workers’ compensation, are known in industry jargon as “long-tail”, leaving the insurer on the hook for potential liabilities years into...
...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....
...Berkshire reinsured Equitas — the vehicle set up to take on liabilities that nearly brought down the Lloyd’s of London market — as well as the US insurers AIG, Liberty Mutual and CNA Financial....
...Depending on the size of future claims, Berkshire could be on the hook for as much as $20bn worth of insurance payouts....
...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...
...Sany is not the only one suffering. Half of its local peers saw their net profit either fall or sink into the red in 2015. And for China Inc as a whole, the news was even worse....
...Designed to shift liabilities to a third party, the presence of so-called warranty and indemnity (W&I) insurance is aiding the completion of tricky discussions....
...Negotiations are continuing with the World Health Organisation and other international bodies over more funding – as well as indemnities wanted by GSK and other drugmakers against losses and liabilities...
...The corruption scandal at GSK, the UK pharmaceuticals company, a write-down of US$580m on a China acquisition by Caterpillar, the US machinery giant, and the retreat from the China market of Revlon Inc,...
...However, the insurers denied liability and refused to pay, challenging Standard Life’s interpretation of the policy. It is not yet known whether the insurers will now appeal to the Supreme Court....
...The $64m includes cash, payments from the directors’ liability insurance and surrender of bankruptcy claims for “golden parachutes”, bonuses and retirement plans....
...Renminbi-denominated bond issuance has sprung to life in Hong Kong during the past year, with foreign companies from McDonald’s to Caterpillar tapping the so-called “dim sum” bond market....
...“Previously thought a luxury of large companies, D&O liability insurance in Europe is primed for robust growth across companies of all sizes, as it is increasingly viewed as essential,” says Advisen in a...
...Mr Greenberg’s argument is that, as the largest shareholder in AIG through Starr International, the Panamanian-registered, Swiss-based investment vehicle he controls, he was unconstitutionally singled out...
...AIG is to pay Warren Buffett’s Berkshire Hathaway $1.65bn to buy protection against as much as $3.5bn of asbestos-related claims in a move that helps the troubled insurer cut liabilities before the US government...
...As part of the settlement, BNY Mellon negotiated a larger indemnity from Countrywide for costs and liabilities related to servicing the trusts than it would have otherwise received as well as a guarantee...
...As well as the tax increases, business is also upset over a clause in the legislation to eliminate companies’ ability to carry net losses over from one financial year to the next....
...National Indemnity already has a big chunk of historic liabilities written in Lloyd’s of London having reinsured Equitas, the vehicle set up to take on the mainly asbestos liabilities that nearly brought...
...Fellow engineers helped support the wider market after Caterpillar bid $7.6bn for Bucyrus International, a maker of mining equipment....
...“This is a case where no one has come out of it with credit,” he said. “These are companies that regularly engage in litigation in matters such as this....
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