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...Bad years are a hazard for all property and casualty insurance insurers. But those anomalous periods are usually followed by relative peace for a time....
...piece of legislation, had been in place since the 1930s, basically to try to de-risk US banks, to separate commercial banking activities from riskier investment banking activities....
...His refusal to sell has been reminiscent of a practice that Weill imparted on all of his top executives while building financial services group Travelers back in the day, making them swear a “blood oath”...
...On Monday, Swiss bank Julius Baer said it was reviewing its private debt business after revealing a €606mn exposure — its single largest — to a “European conglomerate . . . in commercial real estate and...
...Nor has Fraser named a permanent head of its investment, commercial and corporate bank, a crucial position in the new management structure....
...A group of players gathered for the Travelers Championship in Connecticut this week met PGA Tour leaders on Tuesday at the private golf course TPC River Highlands....
...Space offers the lure of a new frontier. Virgin Galactic is due to launch its first commercial space flight next week — a two-hour experience that will reach about 55 miles above the Earth’s surface....
...The company formed by the 1998 combination of John Reed’s Citicorp commercial bank and Sandy Weill’s Travelers — which engaged in everything from investment banking to subprime lending — has been accident-prone...
...A former editor of Elite Traveler magazine, Gollan is currently involved in a paid-subscription advisory service that aggregates information from some 800 business-jet operators and brokers and rates them...
...But two years on from its Wall Street debut, Lemonade, along with Hippo and Root, are among the biggest casualties of a brutal rout in tech stocks, as rising interest rates prompt investors to ditch high-growth...
...services and commercial banking....
...We know of no civilian casualties,” a spokesperson said....
...Rob Francis, who runs healthcare underwriting at ProAssurance, a US property and casualty insurer, reels off a list of this year’s payouts, including $230m a Baltimore hospital was to ordered to pay in July...
...Facing a cavalcade of potential claims, insurance groups have taken a conservative reading of what is covered by the “business interruption” clause that is included in most commercial policies....
...Here is a guide to what the most hard-hit industries are angling for. Airlines Commercial airlines have been among the biggest casualties of the crisis....
...This brought together investment banking (Salomon Brothers, which Travelers had bought a year earlier and where Mr Corbat had his start), wealth management (Smith Barney) and insurance (Travelers)....
...Rather than a personal policy, it would be a commercial product that manufacturers would have to buy....
...With that said, (1) the implied valuation for remdesivir (just a tad over $31bn) remains disconnected from commercial realities and the company’s messaging, (2) while these data are encouraging they are...
...Ride-sharing is the “perfect first use case” for autonomous cars, Waymo chief John Krafcik said in a recent interview with Condé Nast Traveler....
...Last year Travelers paid £400m for Simply Business, which had been valued at £120m only a year earlier....
...(Condé Nast Traveler’s own Instagram feed has a more modest 1.7m followers, and it was announced this month that its US and UK editorial teams are to be merged)....
...Mr Dimon, 61, and Mr Weill, 84, go a long way back; Mr Weill hired him as an assistant at American Express in 1982, then took the young buck with him to Commercial Credit, a consumer finance company that...
...Shares of Travelers, one of the largest US property and casualty insurance companies, weighed on the broader Dow Jones Industrial Average with a drop of 3 per cent at the start of trading on Monday, after...
...At first these “grammers”, as they come to be called, are commercial apparitions or virtual policemen, a hologram cop with a speed gun making traffic slow at no extra cost to the taxpayer....
...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...
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