Sentences with phrase «insurance conglomerate»
An "insurance conglomerate" refers to a large company that owns and operates various insurance firms. It is like a group or collection of insurance companies run by a single parent company. Full definition
The government - backed insurance conglomerate believes that people will be willing to invest in such plans as they receive guaranteed benefits.
policybazaar.com
Banner Life Insurance Company was formed in 1949 and was acquired by Legal and General group, an international insurance conglomerate in 1981.
But what of insurance conglomerates generally?
What attracted attention was not just the price paid by the Chinese investor ($ 1.95 billion was the highest price paid for an existing hotel in the U.S.), but the identity of the purchaser, China's eighth - largest insurance conglomerate, owned by the grandson - in - law of the late Chinese leader Deng Xiaoping.
The Chinese insurance conglomerate was reportedly in advanced talks to buy a stake in the Midtown office tower and help Kushner redevelop it into a retail and condo building.
It was like America's A.I.G. insurance conglomerate, whose premiums were set far too low to reflect the actual risk involved.
Advising owners of an independent travel insurer on its sale to a global insurance conglomerate.
Allianz SE is a leading insurance conglomerate globally and one of the largest asset managers in the world, managing assets worth over a Trillion Euros (over Rs. 55, 00,000 crores).
Our founding partners, Michael R. Buscemi and David E. Hallett, first began practicing together in 2003 and have over 30 years of combined experience representing some of the largest businesses and insurance conglomerates in the world.
One of the largest insurers in the country, and, as noted earlier, initially formed as a subset of a larger insurance conglomerate to service government employees, GEICO boasts a special military program that offers lower rates and special policy flexibility for servicemen and women, including an overseas insurance program for those who are touring or stationed abroad and an emergency deployment discount.
But this morning The Globe and Mail reports, «The sale of British Columbia's largest provider of seniors» care to a Chinese insurance conglomerate has cleared the last hurdles.
Warren Buffett kicked off Berkshire Hathaway's (brk - a) annual meeting with a review of how his insurance conglomerate did in the first quarter.
Berkshire shareholders don't seem concerned about the ability of Buffett — or Combs or Weschler, for that matter — to manage the insurance conglomerate's $ 100 billion - plus stock portfolio.
As for Berkshire, Buffett said his insurance conglomerate would do just fine under a Trump presidency, or a Clinton one for that matter.
In the first quarter, Berkshire Hathaway (BRKA), Buffett's investing and insurance conglomerate, added nearly 2.6 million shares of the computer giant.
The insurance conglomerate acquired New York's Waldorf Astoria from Hilton Hotel Group for $ 1.95 billion in 2014 amid the rush of Chinese investment here.
In one sense, some insurance conglomerates invert the insurance model; they are essentially investment companies, with insurance liabilities issued to provide funds to invest in favored projects.
BRK deserves the higher valuation because it is a diversified industrial / insurance conglomerate, and not merely a despised insurer.
Buffett is a brighter man than Greenberg; he can consider a greater realm of possibilities in how to run an insurance conglomerate, and the results have been better.