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...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 servicing company placed the loan on watch for possible default — although the Trumps have remained current on their payments....
...There is also no telling what the valuation of the company would be....
...Still, the Travelers executive did admit to some anecdotal evidence of bigger hail....
...Even by America’s recent standards, this creates a new kind of headache. edward.luce@ft.com...
...One of the Trump Organization’s top properties, for example, is the office tower at 40 Wall Street. Trump also owns a minority share of another Manhattan office tower, 1290 Avenue of the Americas....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...The cause of the delay? Officials want “greater confidence” that inflation will be beaten down to the Fed’s 2 per cent goal. That need for surety is bemusing some economists and investors....
...He did a U-turn on TikTok, now saying its Chinese parent company should retain ownership....
...But some of Hankey’s companies have been accused of being dishonest with their customers, too....
...then back a surety bond....
...These larger vessels have a greater risk of grounding, collision, allision, and marine casualties. These risks have resulted in limitations to operations within the Harbor....
...In his latest shareholder letter Warren Buffett said his company Berkshire Hathaway, at its size and maturity, should “operate with materially less risk of permanent loss of capital”....
...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....
...Companies once valued at more than $1bn including Hopin and Convoy were among the casualties. “In some ways, dry powder is a mirage....
...Analysts at Bank of America said the deal should not worsen the outlook for capital returns at Aviva....
...Small and mid-capitalisation stocks have predictably fared worse, casualties of consolidation among brokers and the rise of index funds....
...So what’s the market for getting rid of PFAS? It’s definitely growing, as Bank of America points out in a recent note....
...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”...
...Flow, Neumann’s new property company confirmed that “a coalition of half a dozen financing partners . . . submitted a potential bid” two weeks ago....
...Although governor Ron DeSantis and Florida lawmakers in 2022 tried to stem the loss of insurance coverage, the threat of hurricanes has insurance companies rushing for the exits....
...The UK-owned cargo ship Unity Explorer and two other bulk carriers were struck and reported damage but no casualties....
...We have a huge internal market, which means our companies can sell a lot of product to people within America....
...Such activity is a sign that a new era of high borrowing costs is starting to bite in corporate America, whose overall borrowings now total $13tn according to Federal Reserve data....
...Most important, the war in Gaza threatens to radicalise a new generation of Muslims against America and the west....
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