Hints and tips:
Related Special Reports
...Don’t fight the last war The second lesson is that investors and regulators often miss these bigger structural flaws because they — like the proverbial generals — stay focused on the last war....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...He was previously head of alternative investments distribution at Merrill Lynch....
...’s businesses outside of insurance....
...But Merrill was crunched into Bank of America in the 2008 financial crisis, so Herbert bought his baby back with the help of private equity group General Atlantic....
...The company cut its holdings of gaming group Activision Blizzard, banks US Bancorp and BNY Mellon, and carmaker General Motors during the third quarter....
...But Merrill unravelled during the 2008 financial crisis and was forcibly merged into Bank of America....
...Just ask the former executives, as I have, of Bear Stearns, or Lehman Brothers, or Merrill Lynch....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...When the rule was introduced, Dawid Konotey-Ahulu was a managing director at Merrill Lynch in London, working in the bank’s pensions and insurance solutions group....
...So they have all of this cash from these companies. They got this influx of money. Those companies are highly interest-rate sensitive....
...Last year, the company went public, valuing General Atlantic’s stake at $639mn, several multiples of its original investment....
...Alleghany, a property and casualty insurance and reinsurer, has long been described as a mini-Berkshire Hathaway....
...added that without “serious action, we risk the economy simply drifting towards low growth once the V-shape bounce ends”....
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...As always, reach out to Imani (imani.moise@ft.com) or me (sid.v@ft.com) with thoughts for other companies to cover, trends to follow or general tips....
...I rode in the second lorry with Charlie Bailey, 23, owner of General Haulage of Great Britain, driver of one of his company’s three trucks and employer and student of the 23-year haulage veteran ahead of...
...The national insurance rise had already gone through. It had been passed as a health and social care levy, which people broadly bought into at the time....
...These were the days before welfare and unemployment insurance benefits and company bailouts....
...Many of these assets have some crossover and opportunities for collaboration with Berkshire’s expansive portfolio that ranges from iPhone maker Apple, car insurance company Geico, oil producer Occidental...
...The $760bn-in-assets conglomerate is skewed towards financial companies — it owns large insurance companies, such as Geico, outright and stakes in many of America’s largest banks — and industrials....
...The V-shaped recovery in consumer spending feels too bullish in our view....
...Todd Combs’ recent promotion to lead Geico, the US car insurance company and one of the most important businesses inside Berkshire, has only raised his profile further....
...However, these figures understate the risk to market dividends in our view given that they largely exclude Energy and Insurance where there have been few company comments at this stage....
International Edition