Hints and tips:
...Use of tech and data WINNER: Salesforce Originality: 8; Leadership: 8; Impact: 8; Total: 24 The legal team now uses the software company’s own Service Cloud platform to manage workflow more efficiently,...
...Alleghany, a property and casualty insurance and reinsurer, has long been described as a mini-Berkshire Hathaway....
...He joins from advisory group Hakluyt, where he worked as global head of corporate clients and head of the company’s UK business since 2016. He also held roles at Bank of America and the UK Treasury....
...FT.com....
...There’s a longstanding perception that America needs a minimum of four wireless companies for healthy competition....
...that they’re “not the last”. shondaland.com....
...One of his touchstones for anti-competitive behaviour is the late 1990s US v Microsoft case, in which the company was found guilty of using its operating system monopoly to stifle competitors like Netscape...
...rana.foroohar@ft.com...
...Get in touch with us: Due.Diligence@FT.com When failure is fatal The casualties are piling up....
...Richard Gnodde, chief executive of Goldman Sachs International, has picked up responsibility for the rest of the firm’s activities outside North America....
...Drop us a line: Due.Diligence@FT.com Broadcom clearly isn’t afraid of a fight....
...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....
...Smart reads David v Goliath Large consumer goods companies are starting to feel the impact of their smaller, more innovative rivals....
...Warren Estey will leave his role as co-head of US equity capital markets to become the bank’s head of Americas natural resources....
...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....
...Both companies provide property and casualty cover in the state, writes Alistair Gray in New York....
...“There is a shakeout coming in India, just like in America,” says Aswath Damodaran, finance professor at the NYU Stern School of Business and an expert on tech company valuations....
...In an open letter addressed to AIG chief Peter Hancock, published on Wednesday, he calls for the creation of three new companies, focused on property and casualty, life, and mortgage insurance....
...Chubb will give Ace a bigger footprint in the US, where it is a leading middle-market underwriter for commercial property and casualty insurance....
...New backers include Marc Benioff, chief executive of cloud computing company Salesforce.com, and Eduardo Saverin, co-founder of Facebook....
...The investment bank estimates AIG’s property casualty division and its life and retirement division will pay dividends of between $5bn and $6bn a year to the parent company between 2014 and 2016, up from...
...Share price moves anticipate the impact of price changes on earnings. Over the past two years shares of large property casualty insurers, up by 40 to 60 per cent, beat the S&P 500....
...Hard times in property casualty insurance are a good thing....
...Email the Lex team in confidence at lex@ft.com...
International Edition