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...He will replace former banking and insurance executive David Godfrey on several of Nomura’s European and UK boards in April....
...The gains were fuelled by strong results from Berkshire’s insurance unit, including at Geico, as well as higher interest rates....
...Buffett also used his letter to memorialise Munger as the architect of the modern-day Berkshire Hathaway, describing the 99-year-old’s relationship to him as “part older brother, part loving father”....
...Instead, he has worked on the liquidation of two of the most important companies to have collapsed in that time: Lehman Brothers and China Evergrande....
...But in the US, for whatever reason, insurance and banking do not grow together very well....
...The quick and forthright admission follows a model that Buffett reminds Berkshire shareholders of each year: his famous 1991 congressional testimony over a bond trading scandal at Salomon Brothers that nearly...
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...The court papers say that Yasuda Fire and Marine Insurance “recklessly, if not purposefully, ignored the provenance of Sunflowers that Christie’s published”....
...One of them was a young and ambitious investment banker called Stephen Schwarzman, who had been made a partner at Lehman Brothers that same month....
...“Do I think we’ll end up selling insurance or toilets? I doubt it,” he said....
...The schemes are in surplus, but not by enough to secure an insurance buyout ahead of any transaction....
...The lawsuit says the entire board, which included Klein’s brother, were thus inherently conflicted, putting their own interests above ordinary shareholders who bought in at $10 a share....
...That same year insurance company AIG signed what was at the time a record-breaking sponsorship deal with Manchester United....
...Evan Greenberg and his brother Jeffrey both worked at AIG before going on to run businesses of their own, with Jeffrey Greenberg serving five years at the top of insurance services group Marsh McLennan....
...“Before the financial crisis it would have been hard to compete with a Lehman Brothers in providing liquidity. But now we have a role to play in the ecosystem,” he says....
...West, who is the brother-in-law of vice-president Kamala Harris, stressed the labour department’s apparent eagerness to meet gig economy players in the coming months to discuss measures, pointing out that...
...Asda should change hands free of pension liabilities, thanks to an insurance buyout. Suppose it bears no previous debt, Walmart keeps a 40 per cent stake and TDR buys 30 per cent....
...The shareholders who once called for his ouster, he said, were “an insurance” for his legacy....
...DoorDash was unable to contact the family until two days after her brother’s death....
...It remains to be seen whether they will reach their ambition, but the two brothers have unlocked a different achievement: becoming the most valuable private start-up in Silicon Valley....
...Apollo’s co-founder Leon Black was a senior executive at Mr Milken’s Drexel Burnham Lambert in the 1980s, as was his brother-in-law Tony Ressler, who also co-founded Ares in 1997....
...Travelers was itself a collection of merged businesses, including its eponymous insurance arm, the Smith Barney brokerage and the Salomon Brothers investment bank, and Citigroup went on buy more companies...
...Covid-19 patients have been treated for free whether or not they hold health insurance....
...Discussions with Anbang, the Chinese insurance group, came to a halt some time before its flashy chairman Wu Xiaohui landed in a Chinese jail....
...He joins from the corporate M&A advisory practice at Cain Brothers....
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