Hints and tips:
...The monetary terms dealt with, Black now turned to surety....
...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....
...Allstate, Travelers and Progressive were all down less than 1 per cent....
...In property casualty insurance, periods of rising and falling premium rates, and therefore ups and downs in earnings and stock prices, come and go. In recent years, rates have been increasing....
...The primary insurers are more exposed, so the likes of State Farm, Allstate and Travelers, which have big market shares in the affected areas, will be the ones to watch....
...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....
...Bank of America and Mr Weill’s old company Citigroup....
...Emphasis ours: There have been a number of recent reports about an exodus of employees from A.I.G., and the role of C.V. Starr & Co., Inc....
...Travelers now joins JPMorgan Chase, American Express and Bank of America among financial companies in the Dow....
...Citi named the entity containing the businesses it wants to keep “Citicorp” – just like the commercial bank that merged with Mr Weill’s Travelers insurance and investment banking operation in 1998 to form...
...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...
...It is the largest insurance industry deal since St. Paul merged with Travelers in a $16bn deal in 2003....
...Tom Cholnoky Age: 52 Company: Goldman Sachs Sector: Insurance Education and career: Received an MBA in finance from University of Chicago and a BA in economics from Trinity College, Hartford, Connecticut...
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