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Willis Group
Willis Group Holdings plc was a multinational risk advisor, insurance brokerage and reinsurance brokerage company headquartered in the Willis Building in London. It was the third-largest insurance broker worldwide by revenues. In 2016, the company acquired Towers Watson and was renamed Willis Towers Watson. History In 1828, Henry Willis began selling imported goods for commission on the Baltic Exchange in London. In 1841, he began brokering insurance for the cargoes of commodities he sold on commission. He expanded to marine insurance and founded Henry Willis & Company shortly thereafter. In 1896, the company expanded to the U.S. market through a relationship with Johnson & Higgins. In 1898, the company merged with Faber Brothers (founded in 1886) to form Willis Faber. In 1928, it merged with Dumas & Wylie (founded in 1843) to create Willis, Faber & Dumas. In the 1950s, the company's actuary business grew significantly as private pensions gained usage. The company was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aviation International News
Aviation International News (AIN Media Group / The Convention News Company) is a periodical and newspaper publisher about aviation, published through its website and in hard copy. History The Convention News Company was founded by aviation editor James Holahan and publisher Wilson S. Leach in 1972 and published its first issues at that year's NBAA convention. Now branded as AIN Media Group, it has branched into other aviation sectors and other products, and still publishes NBAA Convention News. In 2002, Aviation International News received an award for "excellent, accurate and insightful reporting of issues related to the business aviation industry" from the National Business Aviation Association at its 55th Annual Meeting & Convention. Publications AIN Publications publishes the following media: * Aviation International News is a monthly trade publication in print and digital focused on business aviation, delivered to 38,000 readers; * AINalerts is a workweek daily new ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crain Communications
Crain Communications Inc. is an American publishing conglomerate based in Detroit, Michigan, United States, with 13 foreign subsidiaries. History Gustavus Dedman "G.D." Crain Jr. ( Gustavus Demetrious Crain Jr.; 1885–1973), previously the city editor of the '' Louisville Herald'' newspaper, founded Crain Publishing Company in Louisville, Kentucky, in 1916, publishing two papers: ''Class'' (which later became ''BtoB'') and ''Hospital Management'' (sold in 1952)."G.D. Crain Jr. Dies at 88; Published Advertising Age" '''', December 17, 1973. The staff moved to Chicago later in 1916. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jardine Lloyd Thompson
Jardine Lloyd Thompson Group plc, also known as JLT Group or simply JLT, was a British multinational corporation that had its headquarters in London, England. It provided insurance, reinsurance, employment benefits advice and Brokerage firm, brokerage services. It was a constituent of the FTSE 250 Index until it was acquired by Marsh McLennan in April 2019. History The company was established as a division of Jardine Matheson in 1972. In 1991, Jardine Insurance Brokers was first listed on the London Stock Exchange. In 1997, it merged with Lloyd Thompson Group to form Jardine Lloyd Thompson Group. In June 2007, it acquired Pavilion Insurance, and in June 2008, it announced the acquisition of Harman Wicks and Swayne. In July 2009, the company launched a new brand which removed the names of the firm ("Jardine Lloyd Thompson"), leaving simply the acronym JLT and an evolution of the pyramid device. In December 2009, the company acquired HSBC Actuaries and Consultants, a UK-based empl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Injunction
An injunction is an equitable remedy in the form of a special court order compelling a party to do or refrain from doing certain acts. It was developed by the English courts of equity but its origins go back to Roman law and the equitable remedy of the "interdict". "When a court employs the extraordinary remedy of injunction, it directs the conduct of a party, and does so with the backing of its full coercive powers."'' Nken v. Holder''556 U.S. 418, 428 (2009) (citation and internal quotation marks omitted). A party that fails to comply with an injunction faces criminal or civil penalties, including possible monetary sanctions and even imprisonment. They can also be charged with contempt of court. Rationale The injunction is an equitable remedy that was created by the English courts of equity. Like other equitable remedies, it has traditionally been given when a wrong cannot be effectively remedied by an award of money damages. (The doctrine that reflects this is the req ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Court Of Appeal (England And Wales)
The Court of Appeal (formally "His Majesty's Court of Appeal in England", commonly cited as "CA", "EWCA" or "CoA") is the highest court within the Senior Courts of England and Wales, and second in the legal system of England and Wales only to the Supreme Court of the United Kingdom. The Court of Appeal was created in 1875, and today comprises 39 Lord Justices of Appeal and Lady Justices of Appeal. The court has two divisions, Criminal and Civil, led by the Lady Chief Justice and the Master of the Rolls respectively. Criminal appeals are heard in the Criminal Division, and civil appeals in the Civil Division. The Criminal Division hears appeals from the Crown Court, while the Civil Division hears appeals from the County Court, High Court of Justice and Family Court. Permission to appeal is normally required from either the lower court or the Court of Appeal itself; and with permission, further appeal may lie to the Supreme Court. Its decisions are binding on all courts, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bermuda
Bermuda is a British Overseas Territories, British Overseas Territory in the Atlantic Ocean, North Atlantic Ocean. The closest land outside the territory is in the American state of North Carolina, about to the west-northwest. Bermuda is an archipelago consisting of List of islands of Bermuda, 181 islands, although the most significant islands are connected by bridges and appear to form one landmass. It has a land area of . Bermuda has a tropical climate, with warm winters and hot summers. Its climate also exhibits Oceanic climate, oceanic features similar to other coastal areas in the Northern Hemisphere with warm, moist air from the ocean ensuring relatively high humidity and stabilising temperatures. Bermuda is prone to severe weather from Westerlies#Interaction with tropical cyclones, recurving tropical cyclones; however, it receives some protection from a coral reef and its position north of the Main Development Region, which limits the direction and severity of approach ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savannah Morning News
The ''Savannah Morning News'' is a daily newspaper in Savannah, Georgia. It is published by Gannett. The motto of the paper is "Light of the Coastal Empire and Lowcountry". The paper serves Savannah, its Savannah metropolitan area, metropolitan area, and parts of South Carolina. History William Tappan Thompson, author of the ''Major Jones'' series of humorous stories, along with John McKinney Cooper as publisher and owner, founded the paper on January 15, 1850 as the ''Daily Morning News''. At the end of the American Civil War, Civil War in 1865, John Cooper was pardoned by President Andrew Johnson allowing him to retain ownership of the paper. Its name was changed to the ''Daily News and Herald'', though Thompson remained as editor. Thompson left the paper in 1867 to travel in Europe. In 1868, Thompson returned and the paper was renamed again to ''The Savannah Daily Morning News'' for one edition, then changed to the current name the following day. In 1870, Joel Chandler Harri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock exchange in the world by market capitalization, exceeding $25 trillion in July 2024. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (ticker symbol ICE). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. According to a Gallup, Inc., Gallup poll conducted in 2022, approximately 58% of American adults reported having money invested in the stock market, either through individual stocks, mutual funds, or 401(k), retirement accounts. __FORCETOC__ History The earliest recorded organization of Security (finance), securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, secu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kohlberg Kravis Roberts
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global private-equity and investment company. , the firm had completed private-equity investments in portfolio companies with approximately $710 billion of total enterprise value. Its assets under management (AUM) and fee paying assets under management (FPAUM) were $553 billion and $446 billion, respectively. KKR was founded in 1976 by Jerome Kohlberg Jr., and cousins Henry Kravis and George R. Roberts, all of whom had previously worked together at Bear Stearns, where they completed some of the earliest leveraged buyout transactions. Since its founding, KKR has completed a number of transactions, including the 1989 leveraged buyout of RJR Nabisco, which was the largest buyout in history to that point, as well as the 2007 buyout of TXU, which is currently the largest buyout completed to date. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leveraged Buyout
A leveraged buyout (LBO) is the acquisition of a company using a significant proportion of borrowed money (Leverage (finance), leverage) to fund the acquisition with the remainder of the purchase price funded with private equity. The assets of the acquired company are often used as collateral for the financing, along with any equity contributed by the acquiror. While corporate acquisitions often employ leverage to finance the purchase of the target, the term "leveraged buyout" is typically only employed when the acquiror is a financial sponsor (a private equity investment firm). The use of debt, which normally has a lower cost of capital than Equity (finance), equity, serves to reduce the overall cost of financing for the acquisition and enhance returns for the private equity investor. The equity investor can increase their projected returns by employing more leverage, creating incentives to maximize the proportion of debt relative to equity (i.e., debt-to-equity ratio). Whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
