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...Tokio Marine is being sued by investors seeking payouts on the credit insurance, but expects no material financial impact....
...The US is pushing allies in Europe and Asia to tighten the restrictions, following the debut of an advanced chip by Chinese mobile phone maker Huawei and chipmaker Semiconductor Manufacturing International...
...He will replace former banking and insurance executive David Godfrey on several of Nomura’s European and UK boards in April....
...It is also the biggest fund ever raised by Brookfield, which manages $850bn across sectors spanning real estate, credit and insurance, renewable energy and corporate buyouts....
...Much of Berkshire’s $354bn stock portfolio is held by the unit, including a large part of its stake in Apple, its holding in oil producer Occidental as well as the multibillion-dollar investments it made...
...They pointed out, approvingly, that the group managed to track the index while holding a large cash reserve. But holding cash for cash’s sake does not earn companies a gold star....
...Berkshire started to pare its holdings in Apple in late December, selling roughly 10mn shares....
MassMutual arm files for temporary restraining order and preliminary injunction after 20 employees defect
...Japan is a long-standing ally, with whom the US has a shared interest in curbing Chinese influence....
...Sunak’s allies expect the BoE to have started cutting interest rates before a poll in October or November, vindicating the prime minister’s claim that inflation had been tamed and the economy is recovering...
...Since 2010, Buffett sold his entire holdings in 63 positions with an average hold time of four years and three months. Combs and Weschler exited 48 stocks, holding for just two years and 10 months....
...(Nikkei Asia) Washington pushes allies to tighten China chipmaking restrictions (FT) Alibaba to improve stock options and other incentives for employees (Nikkei Asia) Anyone for crickets?...
...The legal fallout from the collapse is expected to take years to resolve, with discovery in the Australian insurance proceedings set to stretch into at least next year....
...An activist would have to win over investors, many of whom have been holding the stock for decades....
...This has been another form of intrawar deterrence, bolstered by shipping and insurance interests....
...Global trade however seems to be holding up remarkably well....
...Australian insurance agency Bond & Credit Co arranged $10bn of coverage for Greensill, which specialised in supply chain finance and collapsed into administration in 2021 after its insurance expired....
...The company spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy...
...Those earnings were buoyed by an increase in the firms’ overall assets, particularly credit and insurance-based investment operations, which benefited from rising interest rates....
...collapsed supply-chain finance firm’s insurance cover....
...The Omaha native helped transform the company, once a struggling textile maker, into an industrials and insurance behemoth....
...The results were buoyed by the company’s core insurance businesses, where underwriting profits climbed 74 per cent to $1.2bn, as well as its large holdings of cash and Treasury bills....
...Meanwhile it built up its own formidable insurance vehicle. Last winter, AEL rejected a $45-per-share offer backed by Elliott Management....
...According to Berkshire’s second-quarter report, as of June 30, the company’s holding of Apple was worth $178bn....
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