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...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...The Australian businessman’s company Greensill Capital, which counted former UK prime minister David Cameron as an adviser, collapsed in 2021 after failing to renew its insurance cover....
...The firm collapsed in March 2021 after it failed to renew its insurance cover....
...Many of the businesses now underwrite their own debt deals, lending either directly to companies or against a host of assets....
...He’s made a shit ton of money for the company.” Buffett’s fascination with the insurance industry dates back more than 70 years....
...The company said its position in the iPhone maker was worth $135.4bn in the first quarter, down from $174.3bn at the end of 2023, indicating it had sold roughly 115mn shares in the company at the start of...
...(Do this thought experiment: picture a conglomerate controlling the same empire of companies as Berkshire, including in notably unpopular industries such as energy, insurance and banking; can you imagine...
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
...For farmers and the food companies they supply, he adds, “the cost of doing it can outstrip the value of the carbon.”...
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...Buffett has long heaped praise on Apple’s management team and in 2022 he described the company as one of Berkshire’s “four giants”, alongside its insurance operations, the BNSF railroad and its energy and...
...But it will be companies with large health insurance divisions such as UnitedHealth not traditional retailers, that will have the best shot at capturing more of that $4.5tn pie. pan.yuk@ft.com...
...“Farmers Insurance is well on its way to becoming the Bud Light of insurance,” Florida’s CFO Jimmy Patronis said, referring to the culture wars controversy that embroiled beer company Anheuser-Busch InBev...
...Signatories are not required to boycott tobacco companies altogether but rather to “encourage the adoption of tobacco-free finance policies across lending, investment and insurance”, among other commitments...
...beyond many Chinese residents, particularly farmers and migrant workers who lack access to better urban and private benefit schemes....
...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...
...Both companies have previously had deals blocked....
...That includes pension funds, asset managers, clearing houses and insurance companies....
...US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance giant, according to people familiar with the matter....
...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...
...Thing is, it’s possible to argue that companies like Apple and Farmer Mac extract some advantage from being domiciled in the same state as they’re incorporated....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...The country’s largest banks expensed $16bn to cover the government-imposed “special assessment”, which replenished a deposit insurance fund that was heavily depleted by the failures of Silicon Valley Bank...
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...If these services prove as popular as hoped, a range of second-tier companies could also grow rapidly....
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