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Brown & Brown is the sixth largest independent insurance brokerage in the US
O’Leary Insurances, Ireland’s largest independent brokerage, has agreed to sell its general insurance business to Brown & Brown Insurance, a New York-listed broker.
The terms of the deal, which is expected to close in January 2021, were not disclosed but the
Business Post understands the transaction to be worth in the region of €100 million. The deal was confirmed by Brown & Brown in a statement to the New York Stock.
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Actor Tom Cruise is seen on the set of Mission Impossible 7 while filming in Rome, Italy October 13, 2020. REUTERS/Guglielmo Mangiapane
NEW YORK/LONDON/MELBOURNE/HONG KONG (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
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LIFE IMITATES ART. In “Tropic Thunder” Tom Cruise plays a foul-mouthed producer who drops F-bombs at every turn. In real life, Cruise tapped his inner Les Grossman on the set of “Mission: Impossible” and was recorded screaming at two crew members who were not sufficiently socially distancing. According to the Sun, the mega-star rages: “If I see you do it again, you’re fucking gone!” He then lectures the set on how important the movie is to Hollywood.
Singapore-based consumer internet company Sea, whose New York-listed shares have soared by more than 400% this year, is looking to take advantage of that positive sentiment to raise around $2bn from a new equity offering.
Markets A Chinese WeWork for Apartments Is in Distress, Leaving Renters Out in the Cold
Protests by aggrieved renters have prompted local housing authorities to work with Danke Apartment to resolve its financial crisis
Danke Apartment co-founder Jing Gao (fourth from right, front) rang the opening bell at the New York Stock Exchange on Jan. 17.
Photo: Danke Apartment/Zuma Press
By Updated Dec. 10, 2020 7:57 am ET
Financial troubles at a WeWork-like Chinese apartment provider are causing problems for hundreds of thousands of renters, forcing local governments in China and a bank backed by Tencent Holdings Ltd. to step in.
Before the coronavirus pandemic, Danke Apartment, the main business of New York-listed Phoenix Tree Holdings Ltd., rode a boom in the country’s housing and rental market and expanded rapidly using a business model similar to that of the U.S. office-space startup.