Hints and tips:
...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....
...The UK-based company, whose shares trade at 560 times 2019 forecast earnings, should feel right at home as it launches in America’s Golden State....
...Chubb will give Ace a bigger footprint in the US, where it is a leading middle-market underwriter for commercial property and casualty insurance....
...The actual result came in ahead of forecast at $2,876 per share, thanks to strong underwriting profits in insurance, particularly property and casualty reinsurance....
...The Florida-based company, which also owns a small portfolio of retail property, has hired bankers and is expecting to receive initial bids in the next few weeks, according to people familiar with the matter...
...Since markets reopened, shares in top US property and casualty insurers have lost only 0.2 per cent more than the benchmark S&P 500 index....
...Spinning off the Travelers property and casualty business was not the move of a sentimentalist....
...But he is now set to become one of the biggest casualties of the crash....
...Its most prized property – James Bond – has been left to stagnate, a casualty of the uncertainty about MGM’s future....
...By December 2001, Mr Weill even turned his back on a big part of his legacy, moving to spin off Citigroup’s Travelers property and casualty insurance arm – which had given Mr Weill his corporate name and...
...“We need to develop into financial services.”...
...Apart from a brief spell as chief executive officer of medical information company SCP Communications, McKinstry has been with the publishing and information services group for more than a decade....
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