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...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...Lawyers’ fees account for just over half of the cost, with another third paid to insurance advisers....
...Medium-sized German insurer LVM holds a 2.9 per cent stake in Signa Prime Selection, one of the two companies that owns most of the Signa group’s assets....
...Many of the businesses now underwrite their own debt deals, lending either directly to companies or against a host of assets....
...He’s made a shit ton of money for the company.” Buffett’s fascination with the insurance industry dates back more than 70 years....
...With India in the middle of national elections, the incumbent Bharatiya Janata party — led by Prime Minister Narendra Modi — has promised to improve health services....
...Companies: Brazil’s state-run oil company Petrobras is to release its first-quarter results after the market closes....
...In 2023, Tuckwell succeeded in removing the company’s veteran chair, Frank Salerno....
...(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...
...The company said its position in the iPhone maker was worth $135.4bn in the first quarter, down from $174.3bn at the end of 2023, indicating it had sold roughly 115mn shares in the company at the start of...
...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...
...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...
...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...
...But it will be companies with large health insurance divisions such as UnitedHealth not traditional retailers, that will have the best shot at capturing more of that $4.5tn pie. pan.yuk@ft.com...
...The cabinet of Japanese Prime Minister Fumio Kishida recently approved landmark legislation aimed at preventing the largest online platforms from using their dominance in mobile software to thwart the entry...
...Bonuses are discretionary, reflecting the logic that team members across the companies contribute....
...Buffett in recent years has talked about how he shares similar views on capital allocation to Abel, who rose through the company’s utility business and now has oversight over all of its non-insurance operations...
...“We are a company that needs to balance costs and revenue.”...
...Both companies have previously had deals blocked....
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...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....
...Its streaming service has about 18.5mn active users and the company made $28mn in net income on $1.68bn of revenue last year. But it shows Walmart is serious about building a rival to Amazon Prime....
...That includes pension funds, asset managers, clearing houses and insurance companies....
...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...
...Among companies on the Prime section, JPX said 9 per cent of those that had not provided capital efficiency plans were considering doing so....
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