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Underwriters Reinsurance Co

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BUSINESS
December 29, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
Reinsurance is not what you'd call Topic A at dinner parties. It's an unsexy business, not easily understood and filled with companies with odd names that seem accidentally chopped off, such as General Re and American Re. Reinsurance serves a purpose, though. So-called primary insurers that deal with the public, such as Allstate, buy reinsurance so that if they're hit with big claims from a hurricane, flood or some other catastrophe, they can shoulder the cost with another company.
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BUSINESS
January 5, 1993
Underwriters Re Corp., a reinsurer based in Woodland Hills, has redeemed about $102 million of junk bonds to lower its annual debt costs. The move was expected. The company had said earlier this year that it planned to redeem the 10-year, 15% notes, of which $160 million were originally issued to the public in 1988 to help an investor group buy UR from Continental Corp. in New York.
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BUSINESS
January 5, 1993
Underwriters Re Corp., a reinsurer based in Woodland Hills, has redeemed about $102 million of junk bonds to lower its annual debt costs. The move was expected. The company had said earlier this year that it planned to redeem the 10-year, 15% notes, of which $160 million were originally issued to the public in 1988 to help an investor group buy UR from Continental Corp. in New York.
BUSINESS
December 29, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
Reinsurance is not what you'd call Topic A at dinner parties. It's an unsexy business, not easily understood and filled with companies with odd names that seem accidentally chopped off, such as General Re and American Re. Reinsurance serves a purpose, though. So-called primary insurers that deal with the public, such as Allstate, buy reinsurance so that if they're hit with big claims from a hurricane, flood or some other catastrophe, they can shoulder the cost with another company.
CALIFORNIA | LOCAL
June 17, 1998 | AMY OAKES
A few days after learning that 22 computers were taken from the Mid-Valley YMCA, Los Angeles Lakers' star Shaquille O'Neal donated five new multimedia computers to the center. The computers will be delivered to the center on Lennox Avenue at 10 a.m. Thursday, said a representative of Management Plus Enterprises, a Santa Monica company that represents O'Neal.
CALIFORNIA | LOCAL
June 17, 1998
A few days after learning that 22 computers were stolen from the Mid-Valley YMCA, Los Angeles Lakers star Shaquille O'Neal donated five new multimedia computers to the center. The computers will be delivered to the center on Lennox Avenue at 10 a.m. Thursday, said a representative of Management Plus Enterprises, a Santa Monica company that represents O'Neal.
BUSINESS
December 5, 1994 | From Times Staff and Wire Reports
In a restructuring of part of Fox Television, R. Gregory Meidel has been named president and chief operating officer of Twentieth Television and Peter Faiman has been appointed to the new position of president of production. The move consolidates several Fox units into Twentieth Television, which will oversee development and production of non-traditional programs as well as domestic TV production and sales.
CALIFORNIA | LOCAL
June 11, 1998 | KARIMA A. HAYNES, TIMES STAFF WRITER
Every time Barbara Linski thought Wednesday about the thieves who broke into a storage closet and stole computer equipment from the Mid-Valley YMCA, she felt more angry and disgusted. The theft sometime between Sunday afternoon and Monday morning mainly hurt at-risk teens struggling to do better in school, said Linski, the facility's executive director. "The kids feel violated," she said. "This was something for them, and now it's been taken away. These kids have a hard enough time as it is."
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