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...A deal would give Connecticut-based Eldridge Industries a foothold in the fast-growing market for lending to privately held European companies, building on its investments in insurance, asset management,...
...A deal would give Boehly’s Eldridge Industries a foothold in the fast-growing market for lending to private European companies, building on its investments spanning insurance, asset management, technology...
...They will also retain access to unfathomably cheap credit thanks to Berkshire’s insurance business, the firepower that makes the company so successful and one of the main reasons investors cite for keeping...
...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...
...Lex last week laid out the end game for the troubled company, after its nine shareholders said they were ready to write off £5bn and weren’t willing to inject new equity into the company....
...Read more here. 5) Lloyd’s of London — the world’s oldest insurance market — acquired a reputation for inefficiency, complacency and boorish behaviour....
...Helen Thomas will be back next week. Have a great week, Nathalie ThomasLex writer nathalie.thomas@ft.com...
...Todd Combs, one of Buffett’s two investment deputies and who became chief executive of Geico in 2019, is also in the running....
...During the recent annual meeting of China’s rubber-stamp parliament, Yi Gang, former head of the People’s Bank of China, cited the need for an insurance mechanism for presales, which he said would help the...
...At the AGM on Saturday, Buffett gave his most direct answer yet on how responsibilities will be doled out among the small executive team that will one day lead the company, handing Abel responsibility for...
...Confused.com, on whose platform the index of quotes is based, said it was a “bleak time for drivers and their car insurance”....
...The company that owns Chelsea Football Club made a net loss of more than £650mn after it bought the club for £2.5bn from sanctioned oligarch Roman Abramovich in May 2022....
...Activist hedge funds often buy modest stakes in listed companies and then strong-arm their targets into selling themselves at a premium....
...California last month struck a deal with insurance companies to continue writing policies for property in disaster-prone areas, after big US names such as State Farm and Allstate stopped issuing any new...
...The BBC has agreed to sell the Elstree studio complex that is home to soap opera EastEnders to French insurance company Axa, providing a financial boost of up to £70mn for the cash-strapped broadcaster....
...Blackstone has appointed Philip Sherrill as global head of insurance. He previously worked for Global Atlantic Financial Group as chief strategy officer....
...Abel spent the day sitting next to Buffett on stage for both the morning and afternoon sessions. Vice-chair Ajit Jain, who runs the insurance operations, only joined for the first part of the day....
...Chief executive Thomas Buberl told the Financial Times the group would ratchet up sales to businesses with fewer than 1,000 employees, pushing traditional products such as property insurance and specialist...
...Across from him in the courtroom is his nemesis: former confidant turned crown witness, Thomas Schmid....
...I worked for some years for a mutual insurance company that is now probably the best capitalised insurer in the UK....
...“While we’re seeing new makes and models on our roads now, these cars typically have more advanced technology or parts,” said Louise Thomas, a motor insurance analyst at Confused.com....
...high, and that it amounts to a federal subsidy for banking companies....
...The company did not respond to a request for comment for this article....
...The company’s short-term Treasury portfolio and cash generated north of $115mn in interest income for Berkshire’s insurance unit every week last year — or some $6.1bn —, eclipsing the $5.5bn it earned in...
...Travel insurance cases, meanwhile, more than doubled since last year to 1,101, the highest figure for travel insurance complaints in more than a decade....
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