Hints and tips:
...But this year the heir apparent to the $710bn business that includes the BNSF railroad, private jet operator NetJets and insurer Geico, as well as the other public and private groups Berkshire has invested...
...The relatively small adjustments follow a busy spurt of dealmaking by Berkshire this year, including the $11.6bn takeover of insurance rival Alleghany....
...As ever, drop me a note at sid.v@ft.com if you’ve got thoughts and ideas for upcoming Future of Money newsletters....
...Alleghany, a property and casualty insurance and reinsurer, has long been described as a mini-Berkshire Hathaway....
...As always, reach out to Imani (imani.moise@ft.com) or me (sid.v@ft.com) with thoughts for other companies to cover, trends to follow or general tips....
...Many of these assets have some crossover and opportunities for collaboration with Berkshire’s expansive portfolio that ranges from iPhone maker Apple, car insurance company Geico, oil producer Occidental...
...The $760bn-in-assets conglomerate is skewed towards financial companies — it owns large insurance companies, such as Geico, outright and stakes in many of America’s largest banks — and industrials....
...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....
...Institutions such as Daiichi Life, a Japanese insurance company, and individual investors have invested in the bonds....
...(FT) In the news Google targeted by attorneys-general Attorneys-general from 50 US states and territories have launched an investigation into Google’s search and advertising businesses, in the latest move...
...Financials the key sector beneficiary: We are Overweight Banks and Insurance from a top-down strategy perspective....
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...However, the England v France game was cancelled due to Typhoon Hagibis, the most powerful storm to hit the country in decades....
...The company’s insurance divisions also returned to an operating profit, boosted by higher rates charged to its Geico customers....
...Legal & General, the UK insurance company, registered a social housing provider late last year as part of a broader push into housing, investing from its own balance sheet....
...Rotork has the single largest exposure in our coverage (~50% v 60% in 2014 though)....
...Rumours circulated in March that Ping An was eyeing the Commonwealth Bank of Australia’s general insurance business....
...Having announced the plans in March, Unilever plans to hold general meetings for its Dutch and UK company shareholders on October 25 and 26, respectively....
...He said: “I don’t see a short-term fix here …we’re not trying to project this as a V-shaped rebound [for the power division].”...
...Insurance? You get the picture. But just because it’s a mainstay of the modern investing scene, does not mean all is well inside the company....
...“Since then, the share price has seriously underperformed the general stock market evolution,” Mr Millecam said....
...Qualcomm’s annual general meeting is on March 6....
...Turgel co-founded Linklaters' Israel practice....
...But we would not be holding a party at our insurance company.” Demurger muses, “We could almost become an insurer without insurance.”...
...Her managerial post at the attorney-general’s office comes with a two-hour lunch break perk which she is taking in a tiny restaurant that spills out on to the street....
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