Hints and tips:
...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...
...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....
...(Financial Times) Virtu Financial, a high-frequency trading company, has delayed a planned US IPO after its bankers advised it to hold fire as this week’s publication of Flash Boys thrust the business of...
...Over the last year, we understand that a number of AIG’s 100,000+ employees have left A.I.G. to join the company’s direct competitors in the global property and casualty and life insurance businesses....
...Merrill Lynch, once a proud independent company whose bull logo adorned the main streets of middle America, was forced to sell itself to Bank of America....
...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...
...Mr Liddy on Monday said he was confident AIG would re-emerge as a smaller, company, focused on its $40bn-a-year US property and casualty insurance business while keeping a majority stake in the Asian life...
...The chances of the average homeowner not getting an insurance claim paid if AIG’s holding company had been allowed to go under were slim, since its local property and casualty operations are sturdy and well-run...
...Bruce Packard at Pali International said: “The real risk to UK banks in our view, is that Lehman has a “fire sale” of commercial mortgage-backed securities and residential mortgage-backed securities at liquidation...
...But it will not be big enough to reverse the cyclical downturn in overall property and casualty pricing, analysts said....
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