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...The former US president’s team has spent “countless hours negotiating with one of the largest insurance companies in the world”, the lawyers wrote in a filing, citing a broker they hired, but have concluded...
...Most of these are run by Sun Ship Management, which has been placed under sanctions by the UK and EU for being connected to Sovcomflot, the giant Russian state tanker fleet....
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...” for a valid surety in New York....
...It said 74 per cent of deposits were covered by Federal Deposit Insurance Corporation guarantees....
...Slow, steady and humdrum is having its day in the sun. sujeet.indap@ft.com...
...Earlier this week, Knight Insurance Group, one of more than a handful of companies that make up Hankey’s financial empire, put up a $175mn bond for Donald Trump, an amount the former president had to post...
...“Health insurance is not my top priority.”...
...If insurance companies and friendly billionaires think he is too big a credit risk, who might help him out instead? What sort of collateral could Trump offer in return?...
...Car insurance tech group CheChe raised $22mn on the Nasdaq in September, in one of the first overseas listings of a mainland Chinese company since the CSRC implemented new rules on foreign share issuance...
...Before New York attorney-general Letitia James more than halved the original bond, Trump’s lawyers said 30 surety companies refused to underwrite such a large amount....
...Other stories that have been keeping us busy this week: Credit companies are having their day in the sun....
....— Royal Insurance and Sun Alliance & London Insurance merged, forming the company that would eventually become RSA Insurance, which was then acquired — so they both show up as acquired here.— Several FTSE...
...In the first half of the year, the company completed the £250mn acquisition of Sun Life of Canada UK, and Briggs expects more deals as inflation adds to life insurers’ costs....
...There are of course other important announcements due this week, not least a steady flow of results, probably best described as a smorgasbord, from retailers and drugmakers to technology companies and insurance...
...Fighting off civil charges Justin Sun Tron Justin Sun is the founder of Tron, one of the crypto market’s largest blockchains....
...of a buyout that transfers all liabilities to an insurance company....
...Additional reporting by Sun Yu...
...With dividend yield now 10 per cent, the market is demanding more surety for risk....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Has the Chinese company already peaked, asks June Yoon....
...It should remove the need for expensive regulatory approvals, insurance and safety provisions that in contrast add costs to new fission power plants....
...Nothing new under the California sun. Twitter and digital apps are retail phenomena....
...According to official records, the SCF Primorye is managed by Sun Ship Management, a Dubai company already sanctioned by the EU and UK for being part of Sovcomflot, the state-backed Russian tanker fleet....
...In Wuhan, where Covid-19 was first detected, the state-run health insurance fund has been struggling with a shortfall for years, according to people with knowledge of the matter....
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