Fidelity National Financial Inc (FNF) will pay $3.5 million to settle New York Attorney General Letitia James' claims that the largest U.S. title insurer illegally conspired with rivals not to solicit each other's employees. Under an agreement made public on Wednesday, Fidelity also agreed to end all "no-poach" agreements within 30 days, and cooperate with James' probe into the title insurance industry.
Fidelity National
Financial Inc (FNF) will pay $3.5 million to settle New York Attorney General Letitia James' claims that the largest U.S. title insurer illegally conspired with rivals not to solicit each other's employees. Under an agreement made public on Wednesday, Fidelity also agreed to end all "no-poach" agreements within 30 days, and cooperate with James' probe into the title insurance industry.
Capitalworks Emerging Markets
Acquisition Corp (CMCA): * LEXASURE FINANCIAL GROUP, A LEADING PROVIDER OF REINSURANCE AND DIGITAL INSURANCE PRODUCTS, SIGNED BUSINESS COMBINATION AGREEMENT TO GO PUBLIC VIA COMBINATION WITH Capitalworks Emerging Markets
Acquisition Corp (CMCA). * TRANSACTION VALUES LEXASURE ON A PRE-MONEY EQUITY VALUE OF $250 MILLION.
The following bids, mergers, ** Microsoft President Brad Smith will seek to convince EU antitrust regulators at a closed hearing that the U.S. software giant's $69 billion bid for "Call of Duty" maker Activision Blizzard (ATVI) will boost competition.
Reinsurance company Swiss Re said on Friday that net profit for 2022 fell 67% as it faced claims from Hurricane Ian in Florida, pandemic losses, and high inflation, but it sees a big jump in 2023 profit. Net profit of $472 million in the period compares with a profit of $1.437 billion a year earlier.
United Insurance Holdings Corp (UIHC) : * UNITED INSURANCE (UIHC) -EXPECT TO INCUR ABOUT $197 MILLION OF NET LOSS & LOSS ADJUSTMENT EXPENSE RELATED TO CURRENT ACCIDENT YEAR CATASTROPHE EVENTS FOR Q4. * UNITED INSURANCE (UIHC) -GROSS LOSSES FROM HURRICANE IAN INCREASED FROM OUR PRELIM ESTIMATE OF $1 BILLION ON SEPT 30, 2022, TO ABOUT $1.54 BILLION AS OF DEC 31, 2022.
- Natural disasters, many driven by climate change, caused global economic losses of $313 billion in 2022, insurance broker Aon estimated on Wednesday, of which less than half was insured.
Natural disasters, many driven by climate change, caused global economic losses of $313 billion in 2022, insurance broker Aon estimated on Wednesday, of which less than half was insured.
Japan's Nikkei share average advanced on Wednesday as investors awaited the Bank of Japan's policy decision amid expectations of a possible policy shift, with drug makers and technology stocks lifting the benchmark stock index.
The Bank of Japan's yield curve control is under fierce market attack, as investors test the bank's commitment to capping bond yields with inflation above the BOJ's target. The BOJ's ultra-easy policy targets some short-term interest rates at -0.1% and the 10-year government bond yield at 0.5% above or below zero, in an effort to sustainably achieve 2% inflation.
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