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...Whenever Jain does retire, his successor will inherit a market that has recently seen buyout groups, including Apollo, KKR and Blackstone, push into it, creating a new breed of insurance-investment empires...
...The New York-based investment group is considering acquiring an infrastructure investor or a lender with a focus on originating securitised debts backed by assets such as aircraft or rental equipment....
...Some in Silicon Valley aren’t happy, The New York Times writes....
...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...
...“I wanted to do 1,000, but they wouldn’t let me,” he told the New York Times in 2012....
...They will also retain access to unfathomably cheap credit thanks to Berkshire’s insurance business, the firepower that makes the company so successful and one of the main reasons investors cite for keeping...
...That was the same year that it met its target of having a Chase branch in all of the 48 continental US states....
...to his “hush money” case in New York....
...After which, as Buffett has acknowledged, Berkshire “will need to earn whatever reputation it then deserves”. With additional reporting from James Fontanella-Khan in New York and Mari Novik in London...
...In several instances, the departures meant Berkshire briefly fell foul of New York Stock Exchange listing requirements....
...New York-listed insurer Assured Guaranty had more than $12bn of exposure to UK water companies at the end of 2023, with more than $2bn to Thames Water alone....
...Seven large US tech companies have driven all of the gains in global stocks this year, pushing the US dominance of equity markets to new heights....
...Buffett’s annual letter on Saturday laid out in no uncertain terms the challenges they will confront, my colleague Eric Platt in New York reports....
...The New York Fed’s indicator of supply chain pressures has perked up, albeit from a low point. The aggregate impact is also unclear....
..., The New York Times reports....
...to the world’s largest companies would be paramount....
...News round-up Funding for European technology companies plunges by nearly half (FT) Atos in talks to change terms of Křetínský deal for IT services unit (FT) UK warns Adobe’s $20bn deal for Figma would...
...So they are an insurance company for insurance companies. They do have a primary property casualty insurance unit, but mostly they’re reinsurance....
...“We are watching this . . . very carefully to see if something breaks,” said Salman Ahmed, global head of macro at Fidelity International....
...The New York-hedge fund announced on Thursday its intention to nominate two board members at the company’s annual shareholder meeting next year — Peltz himself and Jay Rasulo, a former Disney executive....
...Members only From the mayor’s favourite private members’ club to private helicopter rides, The New York Times lifts the velvet rope on New York City’s exclusive haunts and services for the ultra-rich....
...New York last year imposed a new minimum wage law for gig workers, while European parliament and Council negotiators last week reached a provisional deal on improving their working conditions after landmark...
...In fact, it’s the opposite of that. However, I’m kind of long the insurance industry, specifically kind of property casualty insurance industry....
...Hayfin Capital Management has named Peter Swanson as senior portfolio manager and head of US high-yield and syndicated loans. He joins in New York from Intermediate Capital Group....
...The 1,000-strong crowd was gathered to pay homage to Ardian, one of Europe’s largest investment firms, and its chief executive Dominique Senequier, on the tenth anniversary of its spinout from French insurance...
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