Hints and tips:
...Brandon, who co-operated with investigators and was not charged, declined to comment....
...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....
...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....
...The Omaha native helped transform the company, once a struggling textile maker, into an industrials and insurance behemoth....
...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....
...“There are tremendous opportunities for Berkshire’s businesses to work together,” said Chris Rossbach, chief investment officer at fund manager J Stern & Co....
...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....
...In this version of London, Soho House members club has turned Richard Rogers’ former Lloyds Insurance building into a multistorey, 24-hour nightclub....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...As the summer wore on, Black discussed Ganieva’s demands with a private investigator from Nardello & Co, and with Epstein....
...As always you can reach me at sid.v@ft.com....
...As ever, drop me a note at sid.v@ft.com if you’ve got thoughts and ideas for upcoming Future of Money newsletters....
...You can reach the fintechFT team at Imani.Moise@ft.com or Sid.V@ft.com. Your thoughts and suggested topics for coverage are always welcome. Thanks for reading....
...Alleghany, a property and casualty insurance and reinsurer, has long been described as a mini-Berkshire Hathaway....
...The co-ownership model means less competition for single family homes....
...As ever, send your thoughts, queries and philosophical riddles to Imani (imani.moise@ft.com) or me (sid.v@ft.com). Happy reading!...
...Ethereum co-founder questions economics of rival Solana Joseph Lubin, co-founder of the Ethereum blockchain struck out last week at fast-growing competitor Solana....
...The responses point to higher fuel and utility bills, rising National Insurance and business taxes, supply chain disruption and the combination of higher wages and labour shortages....
...In the health insurance sector, Oscar Health, a company co-founded by Joshua Kushner (brother to Donald Trump’s son-in-law Jared Kushner), has lost more than 70 per cent from its market value since investors...
...As ever, feel free to reach out to us at Imani.Moise@ft.com or Sid.V@ft.com Happy reading! Join us on April 26-27 for the FT’s first Crypto and Digital Assets Summit....
...Chinn remains co-chairman of the recently launched machine-learning platform, LiveArt, a separate business to AIG....
...UBS has appointed Oliver Gaunt and Abudy Taha, managing directors on its leveraged finance team, as co-heads of leveraged finance for Emea....
...It’s an approach that has won them project commissions from a range of institutions, including the V&A, as well as governments and business leaders....
...Slovakia’s prime minister said he was ready to stand down to defuse a crisis over his decision to purchase Russia’s Sputnik V vaccine, which has not been approved by Europe’s regulator....
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