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...But when a shadowy new cult threatens to undermine the Suns’ Triad (a Chinese crime syndicate), Charles is sent to LA to protect the “brains” behind the operation: his stew-cooking, mah-jong-playing mum...
...Assured Guaranty provides a niche type of insurance that pays out to lenders if a borrower defaults on its loans....
...Suncity Group has been variously linked to triad groups, has been accused of being a front for money laundering, and its former CEO in January, Alvin Chau, was jailed for 18 years....
...” * Names have been changed to protect sources A version of this article was first published by Nikkei Asia on September 1 2021. ©2021 Nikkei Inc....
...The pair had previously joined forces to create a blank-cheque acquisition company that bought the life insurer Fidelity & Guaranty Life for $1.8bn in 2017....
...McClatchy is proposing the US government’s Pension Benefit Guaranty Corporation take over its retirement plan....
...will continue to operate as usual, with $50m in debt-in-possession financing from Encina Business Credit, while the restructuring plan is being agreed with creditors, bondholders and the Pension Benefit Guaranty...
...AMG sold its equity stake to Assured Guaranty for $91m....
Foreign investments does not always mean foreign exposure
...Jamie Dimon, chief executive of JPMorgan Chase JPMorgan’s history in Saudi Arabia stretches back 85 years, when its predecessor firm, Morgan Guaranty Trust, began helping US oil companies in the kingdom...
...Mr Kandarian — the former head of the Pension Benefit Guaranty Corporation, a federal agency that safeguards retirement schemes — said the episode was “especially distressing to me” and “deeply embarrassing...
...The problems at MetLife — which is headed by Steven Kandarian, former head of the Pension Benefit Guaranty Corporation, a federal agency that safeguards retirement schemes — involve pensions risk transfer...
...Last year, an investment group led by former Blackstone executive Chinh Chu acquired Fidelity and Guaranty Life, another fixed annuities business, in a transaction that will see Blackstone manage FGL’s assets...
...Fidelity & Guaranty Life formally terminated the agreement with Anbang in April this year. The true shareholdings of unlisted Anbang are murky and its backers have never been fully revealed....
...It has been linked with a possible purchase of the US insurer Fidelity & Guaranty Life, and is also seeking to take on risks from pension plans in the US....
...The biggest US insurer by market value had been planning to float a 20 per cent stake in United Guaranty Corporation (UGC) before offloading the North Carolina-based mortgage business in full, write James...
...It comprises Flushing Financial, Guaranty Bancorp, Independent Bank, MutualFirst Financial, Seacoast Banking Corporation of Florida, State Bank Financial, and United Financial....
...The concerns come as Chinese insurer Anbang has faced struggles in its bid to buy Fidelity & Guaranty Life....
...Mr Dachille said that AIG’s residential portfolio had been “limited” in large part because it had already been exposed to the housing market through its mortgage insurance business, United Guaranty Corporation...
...The biggest US insurer by market value had been planning to float a 20 per cent stake in United Guaranty Corporation (UGC) before offloading the North Carolina-based mortgage business in full....
...However, some analysts remain concerned about regulatory risk as Chinese insurer Anbang’s deal to buy Fidelity & Guaranty Life has come up against regulatory hurdles....
...Earlier this year Mr Hancock set out plans for further disposals — notably a listing of United Guaranty, AIG’s North Carolina-based mortgage insurance arm — and accelerated cost cuts....
...AIG’s initiatives include a partial listing of its mortgage insurance arm, United Guaranty. A stake of 20 per cent would be floated, as a “first step towards a full separation”....
...Since then its dealmaking has included the $1.6bn acquisition of US insurer Fidelity & Guaranty Life and $1bn for a 63 per cent stake in Tongyang Life Insurance of South Korea....
...The latest include the $6.5bn bid for Strategic Hotels and Resorts, the $1.6bn acquisition of US insurer Fidelity & Guaranty Life, and $1bn for a 63 per cent stake in Tong Yang Life Insurance of South Korea...
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