CHCWCambridge History of the Cold War (publication)
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"Our investment earnings float our balance sheet." Although CHCW has done quite well with its equity investments, Havlisch was concerned over recent passage of balanced budget legislation, which cuts back reimbursement for Medicare patients.
To relieve the anxiety, CHCW turned to its insurer, Zurich.
The difference vis-a-vis the UGG deal is that Zurich structured a double trigger, i.e., the equity performance risk is not blended per se into CHCW's aggregate p/c program, although there is an element of integration.