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...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...Many of the businesses now underwrite their own debt deals, lending either directly to companies or against a host of assets....
...According to filings with insurance regulators reviewed by the Financial Times, the unit ultimately bears much of the risk that individual Berkshire insurance subsidiaries take....
...to a new poll for the Financial Times....
...Of the 20 vessels that declined the use of the pilots, only three are covered by a recognised western insurance provider....
...Elliott’s secretive co-pilot Through 75 background interviews and a few rare sit-downs, Institutional Investor reveals the story behind Jonathan Pollock, the heir apparent to hedge fund Elliott, who would...
...It highlighted the Thames Tideway Tunnel as a project that was paid for by a new financial structure that is charging customers during the construction period while allowing payouts to investors....
...Jeremy Hunt has warned the Financial Conduct Authority against its plan to “name and shame” companies under investigation in an unusual broadside against the UK’s top financial regulator....
...At the start of the year it also settled a dispute over its $11bn takeover of Pilot Flying J, a truck stop chain....
...Infanger said that banks and asset managers are “beyond the point of deploying pilots and innovation....
...At the same time, he will have to navigate a board on which two of Buffett’s children, Howard and Susie, as well as executives such as Ajit Jain, who heads Berkshire’s insurance business and has for years...
...(Do this thought experiment: picture a conglomerate controlling the same empire of companies as Berkshire, including in notably unpopular industries such as energy, insurance and banking; can you imagine...
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...The company spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy...
...Buffett has long heaped praise on Apple’s management team and in 2022 he described the company as one of Berkshire’s “four giants”, alongside its insurance operations, the BNSF railroad and its energy and...
...That includes pension funds, asset managers, clearing houses and insurance companies....
...He points to the use of co-pilot systems to help reduce mundane tasks in financial services as in other areas....
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
...Marine insurance experts told the Financial Times that the accident would probably lead to a substantial claim, including for damage to the bridge and disruption to the port....
...The insurance sector is expecting a hefty bill....
...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...
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...Both companies have previously had deals blocked....
...US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance giant, according to people familiar with the matter....
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