All articles tagged with #underwriting
Morgan Stanley is emerging as a leading contender to lead SpaceX's highly anticipated IPO, leveraging its long-standing relationship with Elon Musk, though the final decision is still pending and contingent on market conditions.
Former President Donald Trump posted a $175 million bond in the New York civil fraud case after a state appeals court reduced the amount from $454 million, with the bond protecting his assets from seizure while he appeals the fraud judgment. The chairman of the company underwriting the bond stated that it was an easy decision, despite nearly 30 insurance companies declining to underwrite it. Additionally, an insurance company previously posted a $92 million appeal bond for Trump in a federal defamation case, prompting the CEO to defend the decision in a letter to investors.
Berkshire Hathaway's annual shareholder meeting will focus on Geico, the auto insurer once called Warren Buffett's "favorite child," which has lost market share to its competitor Progressive and suffered a $1.9 billion pre-tax underwriting loss in 2022. Geico's underperformance is attributed to its lack of involvement in telematics until recently, according to Ajit Jain, Berkshire's vice chairman of insurance operations. Despite Geico's struggles, Berkshire Hathaway has been outperforming the broader market, with its diverse businesses and strong balance sheet providing downside protection.
No-exam life insurance policies are available for those who do not want to undergo a medical exam. However, these policies come with higher premiums as the insurance company assumes the worst-case scenario. People with medical conditions that may disqualify them from a policy, those who want to keep their medical history private, and those who do not want to disrupt their routine may benefit from no-exam policies. However, those in good health will find less expensive coverage with a policy that requires a medical exam.