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Berkshire stands firm on Wesco offer

September 02, 2010

NEBRASKA-based insurance and investment holding Berkshire Hathaway said Wednesday that it will not increase this week’s offer to pay around $500m offer to acquire the 19.9% stake that it doesn’t already own in Wesco Financial, calling the offered price “fair”. In a letter to the Wesco board, Berkshire said that the ultimate price per share would be determined at closing during Q4. The deal for California-based Wesco, which is run by...

Oil set to face Mariner Energy claims

September 02, 2010

ENERGY industry mutual Oil Insurance Ltd (Oil) will face claims if any arise from an...

Ping An confirms banking merger details

September 02, 2010

CHINESE financial services group Ping An has announced details of its long-known intention to merge...

Deutsche Rueck diversification wins S&P approval

September 02, 2010

DEUTSCHE Rueckversicherung’s diversification outside its traditional German public-law insurance (PLI) sector has won the seal...

Nelson Re outlooks downgraded

September 02, 2010

MOODY’S has downgraded to negative from stable the outlook on two tranches of Nelson Re...

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