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...A significant part of the Signa group debt was provided by non-bank financial companies such as Dortmund-based insurer Signal Iduna, a midsized company with 12mn customers, mainly in health and life insurance...
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...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....
...Li feared the worst, but the ticket collector merely waved him through, signalling his support for the protesters by making a V sign with his hand and smiling....
...His much-vaunted “float” from Berkshire’s insurance segment now totals $165bn....
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...Brookfield did implicit homage to the Sage of Omaha this week. The Canadian alternatives giant agreed to buy annuities group American Equity Investment Life for $4.3bn....
...Family life and professional life were mixed together, which meant we shared so much. That’s what I miss the most.”...
...“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....
...into how life may change once the billionaire is no longer in charge....
...Each of the 30 lorries apparently carried an insurance value of up to $200mn....
...A huge chunk of that — Rs205bn — came from the sale of a 3.5 per cent stake in state-run Life Insurance Corporation (LIC) in May through a long-delayed initial public offering....
...Among the insurance companies in Berkshire’s portfolio are Geico, one of the largest car insurers in the US, and reinsurer Gen Re, which provides cover to primary insurers across life, health, property and...
...It spent most of its life as a straightforward private-equity-backed insurance brokerage firm and expanded quickly through a series of acquisitions....
...It’s about life. When you’re thinking about your future life. And if you want to be motivated to save and invest for a future life, you have to know what’s gonna give you happiness in that life....
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...Charlie loves his business and trucking life. He hopes to expand to five lorries. But you should hear him on France and the Gendarmerie. Henry V would blush....
...Meanwhile, Twitter is edging closer to accepting Elon Musk’s $43bn bid to buy the company....
...They are looking for a long-term, not temporary solution to their unsatisfactory life in China.”...
...at a Kellogg cereal plant in Omaha, Nebraska, for 18 years....
...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....
..., the Berkshire vice-chair who runs its valuable insurance operations....
...So you have Suella Braverman coming out and saying people live the life of Riley, essentially....
...The annual gathering took place in Los Angeles rather than Omaha, Nebraska, where the event typically draws tens of thousands of Berkshire shareholders who come to listen to Buffet’s investment and life...
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