Hints and tips:
Related Special Reports
...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...$5bn in loss reserves the units had set aside....
...The London-listed insurance group said it had not yet set any reserves aside for the “emerging event” but it expected the net loss to be “moderate” due to its own risk-sharing arrangements....
...This has become big business in the US, where almost $800bn of life insurer reserves have been offshored according to Moody’s. It has grown in Europe, too....
...To highlight the implications of climate change for life and health insurance, the Geneva Association, together with Wellcome, the research foundation, published a paper in February....
...Lex looked at the evidence for the performance of this type of foundation-owned company. One surprising stat: nearly half the world’s quoted foundation-owned companies are manufacturers....
...The finding by the Resolution Foundation think-tank, based on a poll of 750 companies, will sharpen concerns that while flexible contracts help bosses manage uneven demand and cope with economic uncertainty...
...Blackstone has appointed Philip Sherrill as global head of insurance. He previously worked for Global Atlantic Financial Group as chief strategy officer....
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...That includes pension funds, asset managers, clearing houses and insurance companies....
...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 this company has a strong foundation, strong liquidity and a strong deposit base, which gives me confidence for our path forward,” DiNello told analysts....
...The New Economic Foundation, a think-tank, has suggested the central bank limits the level of interest it pays to commercial banks to save taxpayers’ money....
...They pointed out, approvingly, that the group managed to track the index while holding a large cash reserve. But holding cash for cash’s sake does not earn companies a gold star....
...(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...
...At the same time, Buffett’s decision to donate the fortune he has tied up in Berkshire shares to charities, including the Bill & Melinda Gates Foundation and the Susan Thompson Buffett Foundation, named...
...“Banks have been adding to reserves, expect them to continue to add to reserves.”...
...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...
...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...
...“To build a really good foundation for the IPO market, we still need to see this year’s IPOs perform three, six months out.”...
...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...
...Uber on Wednesday attributed the shortfall to “discrete legal and regulatory reserve changes and settlements”, though the company said it was “resolving several legacy matters”....
...Another potential option would be the newly established Foundation for Energy Security and Innovation (FESI)....
...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...
International Edition