Hints and tips:
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...This is about a very small subset of women who can go to a plaintiffs’ law firm and say, ‘Look, my target is a billionaire.’” V....
...company....
...The US stock market’s advance this year has been propelled by some of the largest companies in America, including the likes of Apple and Amazon....
...Or do you just think that some of these will essentially be casualties of a necessary shift? Yeah, this is a great question, and hear me loud and clear....
...A $4bn bond backed by the company’s cruise ships set a template that corporate America soon followed: pledging prized assets to unlock funding....
...Analysts at Bank of America calculate that rising corporate borrowing this year will “add about 1.3x and 0.9x to gross and net leverage for IG companies, respectively, at the peak in 4Q20 compared with 4Q19...
...Mr Shields, the KBW analyst, says that historically a rise in the share of Democratic appointees to judges on the US appeals courts leads to an increase in the reserves of held by property and casualty insurers...
...This reflects the strong performance of large tech and healthcare companies of late that happen to dominate the benchmark....
...Underlying growth of 4.4 per cent in the UK lagged behind the global rate of 7.5 per cent and trailed far behind the 9.6 per cent pace of North America....
...Bank of America survey of fund managers....
...Last year was not only the US banking sector’s first casualty-free year since 2006 but profits across America’s banks rose 44 per cent in 2018. (FT) Eurostar no-deal chaos predicted Chaos....
...The challenger v the banker EDWARD BRAMSON Activist investor, Sherborne Holds a 5.5 per cent stake in Barclays and is using it to try and force his way on to the board and engineer a shift in strategy...
...Huawei’s sales of solar equipment in the US threaten the entire American electricity grid, members of Congress have warned, in the latest rift between US politicians and the Chinese company....
...Chief executive Alex Friedman is out of the door, the company announced, replaced — on an interim basis — by David Jacob, a board member and former chief investment officer at Henderson, a manager of €317bn...
...Jefferies has named Peter Scheman as its new co-head of Americas industrials investment banking and a partner at the firm, Reuters reported. Scheman joins from Goldman Sachs....
...The Dow Jones Industrial Average ended the day flat at 21,808, thanks in part to a 2.5 per cent decline for property and casualty insurer Travelers — one of several insurers that took a leg lower as investors...
...Mr Greenberg created the Chubb of today when in 2015 he struck the biggest deal in property and casualty insurance history. He was CEO of Ace, the Zurich-based insurer he joined in 2001....
...Both companies provide property and casualty cover in the state, writes Alistair Gray in New York....
...Matthew Beesley, head of global equities at Henderson, agrees: “We struggle to find value in defensive stocks....
...Moreover, deals of such a big scale carry big execution risks, as highlighted by the ill-fated $70bn merger between Citicorp and Travelers, agreed in 1998....
...Hartford Financial, a smaller rival, jumped more than 6 per cent to a fresh seven-year high of $44.19 and Travelers Companies rose 2.73 per cent to $99.30....
...However, TPG had to overcome tough questions about the performance of TPG V, its boom-era buyout fund, which invested $15.5bn but suffered some high-profile casualties....
...To tackle this, the ONR is aiming to develop a system of advanced sensors and computers that will fit into any military rotary aircraft, including the V-22 Osprey tilt-rotor aircraft, and make it completely...
...He stepped down as chairman in 2006 and Citi later became one of the biggest casualties of the financial crisis, requiring a $45bn bailout....
International Edition