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...I suggest Seattle’s light-rail train, which stops within 500 yards of Safeco. “No,” my father answers. “That’s not what I’m used to....
...The debt was accumulated through two recent acquisitions of property and casualty insurers: the 2007 purchase of Ohio Casualty, followed in 2008 by the purchase of SafeCo....
...In 2008, he was seen as a natural choice for XL, having won plaudits before his tilt at office for a five-year turnround of Safeco, the Seattle-based insurer that was suffering the effects of a bloated cost...
...Boston-based Liberty Mutual is paying $68.25 per share in cash to acquire Safeco, a 51% premium to the Seattle-based insurer’s closing price on Tuesday of $45.23....
...Morgan Stanley and lawfirm Skadden Arps advised Safeco....
...Safeco shares jumped 42.4 per cent to $66.18 and Ambac slumped 36.1 per cent to $3.82 over the week. Consumer stocks also had an uneven week....
...Safeco shares jumped 45.8 per cent to $65.94. Better-than-expected results from Moody’s, the credit rating company, also helped steady the sector....
...Safeco, which agreed to be bought by Liberty Mutual for $6.2bn, jumped by over 50 per cent to $66.72 while Merrill Lynch rose 24.8 per cent to $49.83....
...Mark Kennedy, a Republican House member and former finance director at Pillsbury, the baked goods maker, who is running for an open Senate seat in Minnesota, and Mike McGavick, former chief executive of Safeco...
...Insurer Safeco rose after it reported earnings 23 per cent above analyst forecasts. Shares jumped 4.7 per cent to $54.10....
...Nintendo bought Japanese-language signs behind the home plate at Seattle's Safeco Field, a spot that can cost millions of dollars per season....
...Other insurers with personal lines in Florida include Chubb, up 1.6 per cent to $69.65; Hartford Financial Services Group, up 1.8 per cent to $62.34; and Safeco, up 1.3 per cent to $48.41....
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