Hints and tips:
Related Special Reports
...and National Indemnity or the BNSF railroad....
...But Brenda Leong, a partner at Luminos Law, said it was “important for companies to understand that [the indemnities] are very narrowly focused and defined”....
...There were, he said, few deals that offered the kind of transformative impact past takeovers have had, such as its purchases of insurers Geico and National Indemnity or the BNSF railroad....
...This indemnity kicked in last year, and since then money has flowed from Treasury to the Bank....
...Buffett’s sprawling conglomerate, which owns the BNSF railroad and Geico insurer, first invested in the iPhone maker in 2016 at the direction of one of his two investment deputies: Todd Combs and Ted Weschler...
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...The acquisition by Berkshire, whose related interests include car insurer Geico and dealership Berkshire Hathaway Automotive, was regarded as a vote of confidence in the US economy and more particularly...
...The company’s Geico auto-insurer, which had struggled to cope with payouts on claims for much of the past two years, showed improvement....
...Insurer databases showed Dali had liability insurance through Britannia, one of a global group of protection and indemnity insurers that shares losses and are ultimately reinsured at Lloyd’s of London....
...If it is a charitable company, you will also be a director under company law and need to ensure the charity complies with company law requirements in addition to charity law....
...Car companies including General Motors and Ford said on Tuesday that they would work to reroute shipments to nearby ports, while Nissan said it did not expect significant disruption....
...But investors said they would be closely scrutinising Buffett’s annual letter next February for any indications that change is afoot at the conglomerate, which counts insurer Geico and the BNSF railroad...
...Geico reported a second consecutive quarter of underwriting profits, following more than a year of losses....
...The sprawling conglomerate is now worth more than $780bn, with stakes in Apple, Coca-Cola and Bank of America as well as ownership of the BNSF railroad and Geico insurer....
...Buried in the announcement was the following line (with our emphasis): In addition, the Company has given an indemnity in respect of any reduction in the value of the rights transferred in the event that...
...As a creditor to the company, Russia could try to force it into bankruptcy, but what would be the point?...
...The release follows a promise this month from Microsoft to provide indemnity coverage to any potential copyright claims arising from using its AI CoPilot services, which integrate generative AI into Word...
...Investors were buoyed by the fact that Geico, the company’s auto insurance unit, posted a second consecutive quarterly profit after more than a year of losses....
...guarantee and indemnity agreement (the “Guarantee” . . ....
...The fund is managed day-to-day by an insurance services company, Thomas Miller....
...In contrast, some central banks such as the RBA, do not have indemnities....
...The carved-out company sold $3.8bn of stock at a price of $22 per share, giving it an initial equity valuation of $41bn....
...“As a result, we currently expect Geico to generate an underwriting profit in 2023,” Berkshire said....
...But this year, Abel — heir apparent to lead the $710bn conglomerate that includes the BNSF railroad, private jet operator NetJets and insurer Geico, as well as the other public and private groups Berkshire...
...One of Berkshire’s crown jewels, the Geico auto insurer, swung to an underwriting profit after six consecutive quarters of losses....
International Edition