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...The company is locked in high-profile litigation that could cost it more than $10bn, with its utility — where Berkshire vice-chair Abel spent much of his career — at the centre of the storm....
...Future of Asset Management North America Hosted by the Financial Times, in collaboration with Ignites and FundFire, Future of Asset Management North America is taking place on September 27-28 at etc.venues...
...The 92-year-old investor confirmed that Greg Abel, the company’s vice-chair charged with running all of its businesses outside of insurance, remained his anointed successor....
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...You have a bunch of CEOs, some of the biggest companies in the world, smart people who are still focused on ESG, pushing for their companies to deal with scope one and scope two [direct emissions and emissions...
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...JAB has acquired stakes in two companies from Fairfax, taking over its interests in Crum & Forster Pet Insurance Group and Pethealth in a deal announced on Monday....
...It fell to her eldest daughter, the writer and novelist Doon Arbus, to deal with her still-emergent work as a pioneering photographer of postwar America....
...His anointed successor Greg Abel, who is Berkshire’s vice-chair and runs the company’s vast collection of businesses outside insurance, was able to wander across the convention floor without being recognised...
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...Abel, who is Berkshire’s vice-chair and runs the company’s vast collection of businesses outside insurance, was able to wander across the convention floor without being recognised as he chatted with the...
...Buffett said that the company would always keep a sizeable amount of cash on hand, given its insurance operations need to be ready for large claims in the event of a catastrophe....
...“The fact of the matter is [that] this is far broader than just insurance brokerage,” Williams said, although he adds that insurance is likely to remain the company’s largest business line....
...That’s why the company is seeking to buy what it calls “mini-MatchMoves” in markets in central Europe, Latin America and the US, he said....
...Several of the worst-performing companies in the index, including Hippo and Root, focus on personal lines of insurance such as home and auto....
...The plans included launching a business in the Philippines, where the bank has already started applying for a banking licence, and acquiring a payments company in Latin America....
...Half of small British companies say growth this year will be hit by rising costs, according to a new survey....
...Cast in Buffett’s image, the company is unlike almost any other in corporate America....
...MoneyLion has added Even’s insurance and personal loan services into its banking app and hopes the company’s software offering will also bring new customers to its own products....
...The congressman also received the maximum legal donations of $5,000 each from the corporate PACs of companies including Comcast, John Deere and New York Life Insurance....
...Bank of America has promoted senior investment bankers Will Addas, Gary Howe and Giorgio Cocini to run its global financial institutions investment banking group....
...While the company’s profits surged in the first quarter as its investment portfolio swelled in size, there have been rumblings of discontent among Buffett’s loyal followers — over Abel and Jain’s pay packages...
...(FT) Europe’s fastest growing companies The FT also publishes today its annual ranking of Europe’s fastest growing companies, including a new leader with a focus on renewable energy....
...Markets The Bank of England’s quantitative easing programme has made it the biggest holder of UK government debt (gilts), overtaking overseas investors and pension and insurance companies....
...Japanese insurer Tokio Marine has said the insurance policies at the heart of the Greensill Capital collapse may not have been valid, as investors pressed the company to detail its exposure to the lender...
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