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...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...Meanwhile, Swedish insurance companies have the highest holdings of stocks in the EU....
...Berkshire Hathaway’s cash pile surged to a record $157bn in a quarter in which chief executive Warren Buffett continued to sell stakes in publicly traded companies, as the so-called Oracle of Omaha found...
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Hedge funds have a history of betting on the Omaha-based company. Bill Ackman’s Pershing Square disclosed a stake in the business in August 2019 but sold out less than a year later....
...Things going wrong, and putting them right again, is the essence of insurance. How companies manage their claims is crucial not only to profitability but also to keeping customers onboard....
...Perhaps insurance companies would also buy them as a hedge. Annuities from insurers are considered poor value for money now because rates are so low....
...“They’ve done a good job reinventing the business without the benefit of credit and insurance.”...
...It has issued 3.5m cards in the four years since its launch, with more than 1m users investing in its mutual fund....
...But equally important are the public investments — stakes in companies such as Apple and Bank of America — that make Berkshire more akin to a mutual fund than a regular business....
...Called Art Intelligence Global — or AIG, but not to be confused with the insurance company — they are joined by another former Sotheby’s senior staffer, Adam Chinn....
...Metromile, an auto insurance company that reached a market value of $2.5bn following a Spac deal in February, sold to the home insurer Lemonade in an all-stock deal for one-fifth of that total this month...
...Mutual of Omaha, an insurance and financial services company, as well as consultancy firm McKinsey, are among the most recent plan sponsors to agree to pay millions of dollars to settle lawsuits....
...GT: What about the second book of Smith’s, The Theory of Moral Sentiments? GH: Smith referred to “mutual sympathy”, which today we would call empathy....
...Many investors have supported the Fed’s push to preserve the emergency credit facilities as an insurance policy against a deterioration in financial markets, warning of the danger of removing a crisis-fighting...
...The company said it had “strong inflows” into its Amundi asset management business as well as its wealth management and insurance units....
...On the last Sunday of April 2019, a sleek Gulfstream V jet belonging to Occidental Petroleum touched down at Omaha airport....
...The primary purpose of a discretionary stimulus should be to ensure that the recovery is V-shaped. But there are a number of reasons to fear that the recovery will peter out....
...One thing to start: Adam Neumann, WeWork’s co-founder, has broken his silence and accused SoftBank of abusing its power to escape an agreement to buy $3bn of stock from him and other early investors in the...
...Todd Combs’ recent promotion to lead Geico, the US car insurance company and one of the most important businesses inside Berkshire, has only raised his profile further....
...said Jörg Asmussen, a former ECB executive board member who is now head of Germany’s insurance association. “Is it temporary? How many months before a V-shape recovery starts?”...
...Insurance Company, Finland Gilles Babinet Representative of France in the EU Digital Champions group Atte Harjanne Member of the Parliament of Finland Mark Yelland Greens for Nuclear, UK Staffan Qvist...
...WeWork’s parent company, the We Company, has been aiming to raise between $3bn and $4bn from a flotation of the office space provider....
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