Hints and tips:
...White Oak was one of the firms to invest in Greensill’s ill-fated receivables scheme, arising from goods and services sold by Liberty Commodities, part of Sanjeev Gupta’s GFG Alliance....
...Shares in Full Truck Alliance have fallen since the company went public last week, giving it a market capitalisation of less than $20bn....
...The same underwriter had previously been personally lobbied by David Cameron, the former UK prime minister who was an adviser to Greensill....
...In July 2020, Tokio Marine said it would not extend or renew any Greensill policy — and that it had dismissed the underwriter in charge of the account....
...Loan portfolios are best grown slowly, says Mr Senturia, who is now advising a handful of fintechs and specialty finance companies....
...Berkshire is a powerhouse in reinsurance and consumer policies – including through the car underwriter Geico – but until recently it has avoided the type of big ticket property and casualty cover that AIG...
...Yet one in 20 space launches ends in failure, according to XL Catlin, an insurance underwriter, and delays are common due to technical challenges and bad weather....
...JLT said in a statement that it was “participating in this investigation and confirms that JLT Specialty is providing all appropriate assistance to the FCA”....
...Goldman Sachs will act as the sole underwriter for the offering....
...Alastair MacLean, contingency underwriter at insurance agency Ark Syndicate, adds: “The growth in social media means that news and stories can spread very quickly....
...In December 2014, the company completed the final step of its merger with Alliance Boots, owner of Boots the chemist in the UK, to create Walgreens Boots Alliance — the world’s largest buyer of prescription...
...Underwriters sold Lending Club as if it were a web platform in a similar vein to LinkedIn, Facebook or Alibaba, said one Wall Street banker, speaking on condition of anonymity....
...CVS Health agreed in June to buy Target’s pharmacy business for $1.9bn, and Walgreens — before it completed its purchase of Boots Alliance last year — bought domestic drugstore Bioscrip, a specialty and...
...per cent last year, according to Express Scripts, the largest pharmacy-benefits manager, compared with a 5.6 per cent jump in overall US healthcare costs, partly because a new generation of expensive “specialty...
...Berkshire Hathaway Specialty Insurance, the division which the renowned billionaire investor established last year to sell property, liability and other types of cover to companies, has been granted permission...
...It is granting the underwriters a 30-day option to purchase up to $4.6m of additional shares to cover over-allotments, if any....
...Andy Hornby barely had time for a holiday after leaving the foundering HBOS upon its takeover by Lloyds, before he pitched up as chief executive of the drugs group Alliance Boots in 2009....
...It also means BP will swap its partnership with a group of Russian oligarchs for an alliance with Rosneft – the Kremlin-backed national energy champion – thus marking the end of a lucrative but tumultuous...
...But in a twist, KKR will also be one of the lead underwriters on the deal, via a recent alliance with Fidelity Investments....
...It was possible that a fifth of Santander, the eurozone’s biggest bank by market capitalisation, would end up in the hands of the underwriters, led by Merrill Lynch and Bank of America....
...Earlier this week, the bank announced Richard Pym, former chief executive of Alliance & Leicester, as its new head in an attempt to draw a line under the rights issue process....
...Any unsold stock will then go to the underwriters or sub-underwriters, which include six of the UK’s biggest banks and four institutional investors....
...For example, in May, some of the underwriters of the Alliance Boots buy-out financing were able to sell a big chunk of the debt that had been on their books since last year....
...The potential share sale comes as B&B confirmed the appointment of Richard Pym, the former head of rival Alliance & Leicester who retired last year, as its chief executive with immediate effect....
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