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...Its chief executive later explained the company had done so through “the ordinary course of its surety business and is acting as a neutral party”....
...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....
...The Swiss bank Julius Baer has been a prominent casualty....
...Higher investment income on fixed-income returns also contributed to the rise in group profits, the company said on Friday....
...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....
...Should companies be punished for handing money back to shareholders? The Department of Justice seems to think so....
...Trump’s legal team said on Monday that the Trump Organization had approached 30 surety companies — including Allianz, Axa, Berkshire Hathaway, Chubb, Munich Re, Swiss Re and Zurich — via four separate brokers...
...A surety bond serves like a bank letter of credit. It guarantees that a defendant can pay a legal judgment if appeals do not succeed....
...It’s simple and traditional. You don’t see couture shops like in Zermatt or Gstaad.” Going by altitude alone is not the safest predictor of snow-surety, though....
...But the Trump Organization is a private company, and it is almost impossible to verify his claims....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...They said that in their efforts to secure the larger bond they had approached 30 surety companies — including Allianz, Axa, Berkshire Hathaway, Chubb, Munich Re, Swiss Re and Zurich — via four separate brokers...
...“And yes, I look at 40 Wall Street each and every day.” Trump on Friday posted a surety bond to cover a separate $83mn judgment for defaming the writer E Jean Carroll....
...BROOKE MASTER: The whole period in the 80s and 90s came at a time when lots of companies were combining in lots of different areas....
...Unfortunately for Trump, it seems no lenders will provide him with the surety bond to cover his damages....
...There were no immediate reports of casualties, but at least two buildings in Hualien were severely damaged, and people were trapped in one of them, according to witnesses....
...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....
...Chinese consumers are showing signs of souring on the company’s iPhones and US technology more generally amid rising tensions between the US and China....
...He did a U-turn on TikTok, now saying its Chinese parent company should retain ownership....
...Using high quality bonds or securities as surety creates complicated linkages....
...There have been several profit warnings and uncertainty over its future. Shares have fallen sharply. A company once worth £1.7bn is now capitalised at £54mn....
...Small and mid-capitalisation stocks have predictably fared worse, casualties of consolidation among brokers and the rise of index funds....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Blue Sparrow missiles have “performed flawlessly in its missions so far”, according to its producer, Israeli defence company Rafael....
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