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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Buffett takes a firmly hands-off approach to Berkshire’s businesses, but makes an exception for insurance, which spans Geico, the National Indemnity Company, and vast reinsurance operations, including Gen...
...The company disclosed that its auto insurer Geico had passed along higher rates to customers and had suffered fewer claims, lifting its results....
...was mutual....
...Its utilities provide power to 13mn customers and in Geico it owns one of the largest insurers in the country. Combs and Weschler were plucked from relative obscurity to help run this portfolio....
...Todd Combs, one of Buffett’s two investment deputies and who became chief executive of Geico in 2019, is also in the running....
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...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....
...The increase was mostly due to higher adjusted pay and benefits, according to the company’s earnings commentary....
...NBFIs – like mutual funds, pensions and insurance firms – can die without summoning the end of days. Or so one view goes....
...The gains were fuelled by strong results from Berkshire’s insurance unit, including at Geico, as well as higher interest rates....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...Buffett and Weschler still meet regularly in Omaha, but Combs began commuting to Berkshire’s insurance subsidiary Geico when he was appointed to run it in 2019....
...“It’s the freeport tax breaks that will make the difference, that’s the clear feedback we’ve been getting from both UK and international companies.”...
...I worked for some years for a mutual insurance company that is now probably the best capitalised insurer in the UK....
...The company’s Geico auto-insurer, which had struggled to cope with payouts on claims for much of the past two years, showed improvement....
...Yet Sam Day, an insurance adviser who works in the county’s Southlake Mall, said she was in a “really scary spot”, as the soaring cost of living crimped her disposable income....
...Its aim was in part to enable Bristol’s independent hospitality businesses to provide mutual support and also to supply the most vulnerable with good quality food....
...When I chaired the FDIC during the financial crisis, we sold the failed the mortgage lender Washington Mutual to JPMorgan. It was our only bidder and was prepared to take over WaMu immediately....
...In recent years, its performance has been blighted by higher than expected compensation payouts linked to mis-sold payment protection insurance....
...people & skills development Mayer Brown digital solutions Kirkland & Ellis knowledge & data Orrick, Herrington & Sutcliffe In-house Most innovative in-house legal team in North America Liberty Mutual...
...The insurance sector is expecting a hefty bill....
...Non-white mothers often can’t take time off work or get childcare to go to the doctor, may not have health insurance or don’t live in areas where medical care is easily accessible, CDC experts say....
...“Geopolitical friction and complexity are at an all-new level,” says Anne Madden, general counsel at technology and engineering company Honeywell....
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