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...But Berkshire shareholders and industry executives say Jain’s record — and the critical role of the insurance business — arguably make him the most important person at the company after Buffett....
...Read up on those transactions in the piece, as well as one relatively opaque deal that hasn’t gotten any media attention at all: an $82bn dividend Berkshire’s biggest insurance unit paid the parent company...
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...Their performance was helped by a few big successes such as insurance group Skyward Specialty, which has risen 125 per cent since listing a year ago, and Rayzebio, which is up 244 per cent, driven by news...
...Howden has grown its broking business in recent years through acquisitions such as rival Aston Lark and reinsurance specialist TigerRisk, as well as hiring from other companies....
...Gains for companies such as insurance group Skyward Specialty and biotech company Rayzebio more than offset losses for high profile tech flops like Instacart....
...Legal experts said it was not uncommon for a company buying another business to increase insurance limits during the acquisition process, and there is normally no obligation to disclose this information....
...It accused the project of being run not by Victoria University as agreed but by Phillips’s company Aristotle, of making too much money and of offering markets outside the scope of the agreement....
...Wobbly, overleveraged US corporations such as Diebold Nixdorf and Incora are flocking to Houston, the new go-to place for a Chapter 11 bankruptcy....
...It was like I was still doing jobs for CIA....
...In eight years, the company has grown to some 180 people, with offices in London, New York, Houston, Paris, Bangalore and Singapore....
...The company also reinstated its first half dividend....
...business....
...Since then mRNA manufacturers, such as BioNTech/Pfizer and Moderna, have booked record-breaking revenues and become key players in business and geopolitics....
...Since then, the costs of doing business during Covid-19 have throttled growth and profits, with billions spent on keeping Amazon’s reputation for fast delivery intact....
...of the £12.5m due as part of the purchase of its UK speciality steel business four years ago....
...This is not Onex’s first foray into insurance — it has also backed Ryan Specialty and York Risk Services....
...‘Land grab’ Jeff Bezos once described AWS as the “greatest piece of business luck in the history of business”, because it “faced no like-minded competition for seven years”....
...“There is an opening not to try and replicate what big firms are doing but to go narrow and deep, built on specialty insurance and reinsurance expertise.”...
...Jon Turner, head of insurance broker Gallagher’s UK specialty business, said: “There was a snowball rolling down the hill and coronavirus has added to that as it gathers momentum.”...
...So when the UK voted in 2016 to leave the EU, Luxembourg’s political and business leaders saw a fresh opportunity to make an outsized impact as a host of EU countries vied to grab business from the City...
...Then he co-founded Redemption Roasters, a specialty coffee company with five London shops, a wholesaling operation and a prison roastery....
...For now, she plans to stay in Houston and take time to heal with her family, where she says she’s been akin to an “absent business dad” through years of all-consuming training....
...Insurance experts said that while many companies buy protection if an event is cancelled, communicable diseases such as Covid-19 are usually excluded and are only covered via an add-on, which not everybody...
...Sarah Stephens, head of cyber, international, at insurance broker Marsh JLT Specialty, says that ransom demands across the board are rising....
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