Help


[permalink] [id link]
+
Page "The Equitable Life Assurance Society" ¶ 36
from Wikipedia
Edit
Promote Demote Fragment Fix

Some Related Sentences

Equitable and had
In April 2004, Equitable Life, a UK life assurance company, sued EY after nearly collapsing following a House of Lords judgement that it had to pay guaranteed annuities held by its policyholders.
Whitesboro was founded about 1901 by the Equitable Industrial Association, which had prominent black American investors including Paul Laurence Dunbar, the educator Booker T. Washington and George Henry White, the leading investor and namesake.
To attract tenants, Equitable did some modernization of the building, including replacing the original cast-iron birdcage elevators, which had cabs covered in rubber tiling and were originally built by Hecla Iron Works, but the hydraulic power system was not replaced.
The concept has had several historical antecedents, the most notable of which was the National Equitable Labour Exchange, which was founded in London, England in 1832 by Welsh socialist and labor reformer Robert Owen, and spread to several branches, most notably Birmingham, England before folding in 1834.
At its peak, Equitable had 1. 5 million policyholders with funds worth £ 26 billion under management, but it had allowed large unhedged liabilities to accumulate in respect of guaranteed fixed returns to investors without making provision for adverse market changes.
Even before that stage, Equitable, which had long claimed to be more transparent than its rivals, had assets worth £ 3B less than communication with policyholders had indicated.
This concluded that there was an arguable case that the Equitable had breached the rules of its former regulators, the Life Assurance and Unit Trust Regulatory Organisation ( Lautro ) and the Personal Investment Authority ( PIA ) in failing to disclose the risk of the existing GAR policies in the Product Particulars, Key Features and With-Profits Guide to new non-GAR policy holders.
The review found that-with hindsight-there had been some " deficiencies " on the part of FSA in the discharge of their regulatory responsibilities, but also stated that " the die had been cast " by the time the FSA had assumed regulatory responsibility for the Society in relation to those who had already invested in Equitable.
The UK had the legal power to supervise Equitable.
In April 2005, in the light of Penrose's findings, Equitable started a £ 2B High Court action against auditors Ernst & Young, reduced 3 months later to £ 0. 7B, claiming they had failed to inform the board of the seriousness of its position.
Equitable ’ s chairman estimated that 30, 000 policy holders had already died without compensation.
Equitable life pressure group EMAG were unhappy with the announcement but the Ombudsman said she would inform Parliament of her views once she had had time to consider the statement.
The Equitable Building is owned by Silverstein Properties, Inc. After buying the building in 1980, Larry Silverstein had the building renovated and restored at a cost of $ 30 million, with renovations completed in 1990.
Morgan had been with Courts & Co., Keegan was previously an over-the-counter trader at Equitable Securities, and Gooch had been with Kohlmeyer & Co.
David King's speculative development failed, and most of the houses were soon owned by the Equitable Life Assurance Society, which had financed the project.
The shares of the Lopez and Gokongwei Families were sold to the SSS and GSIS which acquired 78 % of PCI Bank shares that were bought by the Go-Led Equitable Banking Corporation and they merged in 1999 and was approved by the Bangko Sentral and other agencies that had created the Third Largest Philippine Bank with Equitable as the survivor of the merger and the name Equitable PCI Bank was adopted.

Equitable and intended
The office was able to begin operations, located in the Equitable Building, just weeks after the outbreak of the war and was intended as a safe place to store assets in case of an invasion.
The building, which was built as the headquarters in Portland of the Equitable Savings and Loan Association, was originally intended to be 12 stories high but was later expanded to 14.

Equitable and using
* September – Society for Equitable Assurances on Lives and Survivorships is established in London, pioneering mutual insurance using a method of actuarial science devised by mathematician James Dodson.

Equitable and money
Equitable mortgages don't fit the criteria for a legal mortgage, but are considered mortgages under equity ( in the interests of justice ) because money was lent and security was promised.
The bank president also said that the proposed Banco de Oro-Equitable PCI merger would consolidate the strengths of Banco de Oro and Equitable PCI in consumer lending and result in a dominant player in middle-market lending and a market leader in money remittance volumes, branch banking, trust and corporate banking with the combined network of 685 branches located in the Philippines and abroad.

Equitable and from
Scanned from Equitable Commerce by Josiah Warren ( 1846 )
The Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization ( ABS ) to the Convention on Biological Diversity is a supplementary agreement to the Convention on Biological Diversity.
The Flatiron's other original tenants included publishers ( magazine publishing pioneer Frank Munsey, American Architect and Building News and a vanity publisher ), an insurance company ( the Equitable Life Assurance Society ), small businesses ( a patent medicine company, Western Specialty Manufacturing Company and Whitehead & Hoag, who made celluloid novelties ), music publishers ( overflow from " Tin Pan Alley " up on 28th Street ) and other miscellaneous concerns ( a landscape architect, the Imperial Russian Consulate and the Bohemian Guides Society ), as well as the offices of the Roebling Construction Company, owned by the sons of Tammany Hall boss Richard Croker.
In 1921, he received about 10 % of the shares of the Equitable Trust Company from his father, making him the bank's largest shareholder.
Aside from railroads, Depew also served on the boards of director for Western Union, the Hudson River Bridge Company, the Niagara River Bridge Company, the New York State Realty & Terminal Company, the Union Trust Company, Equitable Life Assurance Company, and Kensico Cemetery Association.
For example, as a board member of the Equitable Life Insurance Company, Frick attempted the removal of James Hazen Hyde ( the founder's only son and heir ) from the United States to France by seeking an appointment for him to become United States Ambassador to France.
She rejected calls for government compensation to Equitable policyholders, on the grounds that the losses arose from actions of the company rather than from any defect of regulation, and that it was still trading.
Younkers was operated by the Equitable of Iowa insurance company from 1979 to 1992 after being a publicly-traded company since 1948.
Based on an affidavit sworn by Christopher Headdon, on 28 June 1999 “ from the 1980s onwards, Equitable was aware of the GAR risk.
In 1994 Equitable exercised its discretion under Article 65 to reduce the terminal bonus of policies with Guaranteed Annuity Rates, negating any benefit from the guarantee but preserving the assets of non GAR policyholders.
This covered the FSA's regulation of Equitable from 1 January 1999 to 8 December 2000 when the Society closed to new business and was produced by the FSA's director of internal audit with the help of independent accountants and lawyers.
Although the Regulator was given the option of not forcing Equitable to build reserves for discretionary bonuses, that did not absolve the authorities from their duty of financial supervision covering the “ assurance undertaking's entire business ”.
The Government also announced that the final report from Sir John Chadwick in relation to Equitable Life would be received by mid July.
The Equitable Building in a postcard dated from before 1919
Equitable Building from Thames, Street Level
Among the companies that moved their corporate offices from Manhattan to Stern's Meadowlands commercial office buildings were The Equitable Life Assurance Society, UBS / Paine Webber, Panasonic's U. S. headquarters, and WWOR-TV.
* Globalization, Liberalization and Equitable Development: Lessons from East Asia.
After retiring from baseball, Tenney worked for the Equitable Life Insurance Society before his death in Boston on July 3, 1952.
After retiring from baseball, Tenney worked for the Equitable Life Insurance Society and continued writing for The New York Times.
Equitable servitudes must be created by a writing, unless it is a negative equitable servitude that may be implied from a common scheme for the development of a residential subdivision, so long as landowners have notice of the agreement.
Taking the helm of DLJ in 1973, Jenrette successfully shepherded the firm through a recession and a later sale to worldwide insurance leader, The Equitable, where he served as Chairman and CEO from 1990 until 1996.
On August 5, 2005, Banco de Oro and an SM subsidiary, SM Investments, bought 24. 76 % of the shares of Equitable PCI Bank, the Philippines ' third-largest bank, and 10 % of an Equitable PCI affiliate, Equitable CardNetwork, one of the Philippines ' largest credit card issuers, from the family that founded the bank, the Go family.

0.194 seconds.