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FDIC poised for IndyMac sell-off The Federal Deposit Insurance Corp has signed a letter of intent to sell IndyMac Bancorp to a group of investors led by Steven Mnuchin of Dune Capital Management FT.comBuffett put $20 bln to work while others panicked in 2008 While most investors panicked or were forced to sell, Berkshire Hathaway Chairman Warren Buffett put more than $20 billion to work in 2008, positioning his insurance-focused conglomerate to profit if the economy and markets recover in coming years. Market WatchBrown & Brown, Inc.: Brown & Brown, Inc. Completes the Acquisition of the Small Business Insurance Unit of Conner Strong Companies, Inc. DAYTONA BEACH, FL and TAMPA, FL (MARKET WIRE) Brown & Brown, Inc. (NYSE: BRO) today announced the completion of the previously announced acquisition by Brown & Brown, Inc. of the small business insurance unit of Conner Strong Companies, Inc. Marketwire.comFDIC says it will sell IndyMac (Reuters) The Federal Deposit Insurance Corp, in a statement on its Website, says it signed a letter of intent to sell Indymac Federal bank operations to thrift holding company controlled by IMB Management Holdings LP. TelegraphBrown & Brown, Inc.: Brown & Brown, Inc. Announces the Asset Acquisition of Preferred Insurance Services, L.L.C. DAYTONA BEACH, FL and TAMPA, FL (MARKET WIRE) Michael A. Paschke, Regional Executive Vice President of Brown & Brown, Inc. (NYSE: BRO), and Gary F. Hapip, Craig S. King and Gary R. Honea, the members and managers of Preferred Insurance Services, L.L.C., of Phoenix, Arizona, announce the asset acquisition of Preferred Insurance Services, L.L.C. by a subsidiary of Brown & Brown, Inc. Marketwire.comFACTBOX-Terms of the FDIC`s IndyMac sale agreement Jan 2 (Reuters) - The Federal Deposit Insurance Corp saidon Friday it agreed to sell the assets of failed mortgagelender IndyMac to a consortium of private equity and hedge fundfirms, including Dune Capital Management and J.C. Flowers & Co,for $13.9 billion. ReutersCarInsurance.com Offers More Car Insurance Savings In 2009 CarInsurance.com, a company that is leading the way in selling auto insurance over the Internet and directly to consumers through its Online Insurance Marketplace(TM), is looking to help consumers save on auto insurance in 2009. CarInsurance.com has added more options for consumers so they will save on their car insurance quote in 2009. CarInsurance.com offers car insurance and car insurance ... homeinsurancepower.comUPDATE 1-Private equity group buying IndyMac assets -FDIC WASHINGTON, Jan 2 (Reuters) - A consortium of private equityand hedge fund firms, including J.C. Flowers & Co and DuneCapital Management, has agreed to buy the assets of failedmortgage lender IndyMac, the Federal Deposit Insurance Corp saidon Friday. ReutersTreasury Unveils Rescue Guidelines The Treasury Department released guidelines of the program it used under a $700 billion bailout package to justify its $20 billion rescue of Citigroup and guidelines for a new insurance program for troubled assets. Wall Street JournalBrown & Brown, Inc. Completes the Acquisition of the Small Business Insurance Unit of Conner Strong Companies, Inc. DAYTONA BEACH, FL and TAMPA, FL--(Marketwire - January 2, 2009) - Brown & Brown, Inc. (NYSE: BRO) today announced the completion of the previously announced acquisitionby Brown & Brown, Inc. of the small business insurance unit of ConnerStrong Companies, Inc.Brown & Brown, Inc. and its subsidiaries offer a broad range of insuranceand reinsurance products and services, as well as risk management, thirdparty administration, managed health care, and Medicare set-aside servicesand programs. Providing service to business, public entity, individual,trade and professional association clients nationwide, the Company isranked by Business Insurance magazine as the seventh largest independentinsurance intermediary in the united states. The Company's Web address iswww.bbinsurance.com. Marketwire1 2 3 |
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