January 2, 1998 |
Zurich Group, Switzerland's largest insurance company, said it had completed the formation of New York-based Scudder Kemper Investments Inc., an investment group with more than $200 billion in assets under management. Scudder Kemper Investments is the result of Zurich Group's acquisition in June of U.S. asset management and mutual fund company Scudder, Stevens & Clark in a deal worth about $2.4 billion.
June 28, 1997 |
Switzerland's biggest insurance company, Zurich Group, said that it agreed to buy New York-based Scudder, Stevens & Clark, the U.S. asset management and mutual fund company, in a deal worth about $2.4 billion. The transaction would combine Zurich Group's Chicago-based Zurich Kemper Investments Inc. unit, which has $80 billion in assets under management, with privately held Scudder's $120-billion mutual fund and asset management business.
October 13, 1997 |
Zurich Insurance Co., Switzerland's No. 1 insurer, said it's in talks with BAT Industries, a British tobacco and financial services group, to create a financial services company valued at $35.6 billion, as the consolidation in the industry continues. The company would bring together businesses including Zurich's Chicago-based Kemper Corp. and its New York-based money manager, Scudder, Stevens & Clark Inc., and BAT's financial services units, Farmers Insurance Group of the U.S.
April 22, 2000 |
Microsoft Corp.'s primary insurer is seeking to bar the world's No. 1 software company from claiming coverage for the cost of defending a barrage of private antitrust lawsuits. In a suit filed last month in federal court in Washington, Zurich American Insurance Co., a unit of Switzerland's Zurich Allied, asked a federal judge to declare that its general-liability policy doesn't cover the legal expenses spawned by Microsoft's antitrust woes.
October 18, 1998 |
SINGAPORE From Paris to Sao Paulo and Penang to Peoria, governments, financiers and company bigwigs are increasingly concerned that the final years of the 20th century could see a global credit crunch of unprecedented scale.
March 6, 1988 |
Nowhere is absorption of office space in Orange County more apparent than in the central sector, where a 42% increase was reported for 1987 over the previous year. This represents more than double the increase registered by the John Wayne Airport area during the same period, according to Coldwell Banker Commercial Real Estate Services spokesman. "Development in Orange County is definitely leaning toward its center," agreed Lucien Truhill, president of the Orange County Chamber of Commerce.