Hints and tips:
...This elite New York family has “insurance in the blood”, said Professor Lawrence Cunningham of George Washington University, who co-wrote The AIG Story with Greenberg senior in 2013....
...Prosecutors accused him of diverting insurance premiums for personal use and making false disclosures to regulators....
...(WSJ) News round-up AT&T paid Trump lawyer for ’insights’ into his boss (FT) Zurich Insurance plays down M&A talk as first quarter premiums beat (Reuters) Japan’s Recruit Holdings to buy Glassdoor for...
...“If Amazon and co are going to have an impact, they can’t just have a few employers on board — everyone has to be in on it” says Mr Fronstin....
...Also on board were the US heads of the European groups BASF, Novo Nordisk, Shell, Solvay Chemicals and Zurich Insurance, as well as leaders from Mahindra of India, Samsung of South Korea, Japan’s Panasonic...
...However, another of the billionaire investor’s corporate quarries, American International Group, is fighting back against his campaign for a split of its insurance businesses....
...Mark Zuckerberg, Facebook co-founder and chief executive, said it was “just the beginning”....
...● Victor Zhang and David MacEwen have been appointed co-chief investment officers at American Century Investments, the $137bn asset management group....
...Traders speculated that RSA Insurance may be a more likely target for Zurich, although RSA ended flat at 125½p....
...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....
...The list includes six insurance companies – Axa, Aegon, Allianz, Aviva, Zurich and Swiss Re – which sit alongside 24 banks from the UK, continental Europe, North America and Japan....
...If growth in developed countries starts to look like a “U”, in emerging markets it already is a “V”....
...AIG has been selling assets to help to repay more than $100bn in debt and equity to its post-rescue owner, the US government, including the $2bn disposal of its auto unit to Zurich Financial Services....
...In July, it sold its motor subsidiary to Zurich Financial Services for $2bn....
...The IIF says a co-ordinated global approach to regulation is critical to prevent regulatory arbitrage. What are the intended benefits of the proposed payroll tax?...
...The larger local insurers – such as Saudi Arabia’s National Company for Co-operative Insurance, Abu Dhabi National Insurance Company and Oman Insurance Company – are still minuscule compared with international...
...“I think the bigger holders now of securitisations are insurance companies and pension funds.”...
...Mr Buffett has suffered paper losses on most of his portfolio of financial holdings, which include Goldman Sachs and American Express, as share prices in the sector have plummeted....
...Bankers said AIG was also closing on the disposal of American Life Insurance Co (Alico), which has an estimated value of more than $10bn. France’s Axa is believed to be a key front-runner....
...ICBC’s cornerstone investors were Goldman Sachs, American Express and Allianz, the German insurer....
...“RBS Insurance benefits from a leading market position, strong cash generation and low capital requirements....
...Asia-based bankers said AIG was also closing on the disposal of American Life Insurance Co (Alico) – a business with an estimated value of more than $10bn that has large operations in Japan....
...Vienna Insurance fell 3 per cent to €22.45 and Generali Deutschland lost 1 per cent to €58.04....
...Based in Zurich, the bank has operations in Hong Kong, Singapore, Shanghai and Dubai, with a marked focus on emerging markets, notably the Asia Pacific region....
...Zurich Financial Services and Allstate of the US are among the companies that have submitted bids for Royal Bank of Scotland’s insurance assets, put on the block in a £7bn auction....
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