Insurance - Securitization - Questionable Assets

Article Abstract:

Flashpoint sold AAA rated bonds through Credit Suisse First Boston to investors on movies backed by insurance policies from HIH Casualty and General Insurance. When Standard and Poor's rated down the bonds to CCC-, the insurers and reinsurers of the bonds refused to pay bondholders claims for shortfalls on the movie investments and the London High Court, citing breach of warranties ruled in their favor.

Australia, Insurance, Insurance Carriers and Related Activities, Financial analysis, INSURANCE CARRIERS, Cases, Insurance industry, Financial institutions, Bonds, Bonds (Securities), Flashpoint, HIH Casualty and General Insurance Ltd., Lexington Insurance Co., New Hampshire Insurance Co.

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Sport and Finance Play Together

Article Abstract:

Advertising revenues and sales of club and player merchandise in European sports are paying off well, but the big money is in broadcasting rights. Players, teams, and television rights are being snagged by banks, corporations and clubs while securitizations are used to finance stadiums, teams and events.

Securities & Commodities Exchanges, Securities and Commodity Exchanges, European Union, Security and commodity exchanges, Sports Teams and Clubs, Sports clubs, managers, & promoters, Professional Sports, Finance, Marketing, Investments, Securities industry, Sports, Sports franchises, International Federation of Association Football, Premier League

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Dealmaker extraordinaire

Article Abstract:

Guy Hands, the head of Nomura's Principle Financial Group in London, has a remarkable record of successful corporate acquisitions: accumulating a stream of businesses and netting the company over 1 billion pounds in five years.

Management, Officials and employees, Acquisitions and mergers, Hands, Guy, Nomura Principal Financial Group

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