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...such as life sciences and insurance....
...The assumption built into credit insurance, Komiya said, was “that people are trading and doing business with honesty and goodwill”....
...But both property and casualty reinsurers, and their counterparts in the life business, are now attracting greater attention. Let us take them in turn....
...But Berkshire shareholders and industry executives say Jain’s record — and the critical role of the insurance business — arguably make him the most important person at the company after Buffett....
...Buffett in recent years has talked about how he shares similar views on capital allocation to Abel, who rose through the company’s utility business and now has oversight over all of its non-insurance operations...
...the company in as many years....
...Pension funds and sovereign wealth funds are around 40 per cent of the business. Insurance companies used to be small, but are now about 30 per cent of our business....
...The FT story on the deal quoted KKR co-CEO Scott Nuttall saying the following: “We are not doing this because we have to, we are doing it because we want to and this has been a home-run investment,” said...
...Even as insurers have benefited from sharply rising premiums, increasing “convective” (severe) thunderstorms or hurricanes are making insurance another business facing day-to-day climate risks....
...Previously, big fees came from helping companies through Chapter 11. But now, companies are doing whatever they can to avoid the court process....
...When an AI-powered doctor tells you that you’re just being hysterical, the AI-powered insurance company is unlikely to disagree....
...Well, I am shorting the heck out of news that Shell, the oil company, sold millions of carbon credits for CO₂ removal that never took place to a bunch of Canada’s largest oil sands companies....
...KKR will divide its operations into three business segments: fee-related earnings from its asset management operations, insurance earnings and balance sheet assets called “strategic holdings”....
...In addition, she pointed to the rise of new distribution channels such as online brokerages and neobrokers that are disrupting the dominant bank and insurance company distribution systems in Europe....
...“CEOs are risk-averse [and] the environment between China and the US has increased the risk of doing business in China.”...
...Lake and Jennifer Piepszak, co-heads of the consumer business, have been mooted as the leading internal candidates to eventually replace him....
...These costs would presumably be reflected in property and casualty insurance rates, along with many other pressures that are affecting the world right now....
...I was still curious about friction so I sat down with my colleague, FT senior business writer Andrew Hill. He also recently interviewed Huggy alongside his co-author, Bob Sutton....
...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...
...There are of course other important announcements due this week, not least a steady flow of results, probably best described as a smorgasbord, from retailers and drugmakers to technology companies and insurance...
...So they are an insurance company for insurance companies. They do have a primary property casualty insurance unit, but mostly they’re reinsurance....
...Since Lapenta was honoured as an “alumni change maker” in 2022’s FT Responsible Business Education awards, Fybra has witnessed significant growth....
...“He has made a lot of progress in doing things that I and my co-CEO Bill Conway should have done,” said Rubenstein. “He has focused us on where our strengths are and where our weaknesses are.”...
...The writer is a professor emeritus at the Stern School of Business at New York University and a co-founder of Atlas Capital The launch of Bitcoin in 2009 was accompanied by strident claims that cryptocurrencies...
...Gallagher, whose grandfather founded the business in 1927, pointed to the rules of doing business in many US states such as California, where insurers have to get sign-off from the regulator for their insurance...
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