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...
...Rulings from the International Swaps and Derivatives Association on whether a company has failed to honour its debts are central to the functioning of the market, leaving winners and losers among banks,...
...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,...
...The Court of Appeal ruling noted that to “avoid and reduce the claims” and “further damage to the Standard Life brand”, the company had made a £100m lump sum payment into the fund, which effectively restored...
...The $64m includes cash, payments from the directors’ liability insurance and surrender of bankruptcy claims for “golden parachutes”, bonuses and retirement plans....
...A more international renminbi would make global trade and financing cheaper for Chinese companies and potentially be a source of diplomatic strength for the Chinese government....
...“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...
...The long-term nature of insurance pay outs enables the legendary investor to use premiums to make acquisitions and buy shares in companies....
...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....
...Employee health issues that liability insurance might be exposed to can take decades to emerge, as for example happened with asbestos liabilities in the 1980s and 1990s....
...But a deal had not happened because no western company beyond Siemens would be interested in all three units, and financial buyers had been put off by its pension fund liabilities, said Simon Smith, analyst...
...“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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