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...Its real estate brokerage and building materials businesses reported that sales slid, mirroring the wider housing industry....
...There is $7.6tn of client money on its platform across over 34mn active brokerage accounts, 2.4mn retirement plan accounts and 1.7mn banking accounts. Oh, and its asset management arm controls $755bn....
...Buffett and Munger have long been able to stomach large losses in its insurance division because of the sizeable “float” — insurance premiums it collects before it must ultimately pay claims on obligations...
...When trading in Berkshire Hathaway common stock skyrocketed unexpectedly last year, investors in the sprawling industrials-to-insurance conglomerate were left scratching their heads....
...Buffett said that the company would always keep a sizeable amount of cash on hand, given its insurance operations need to be ready for large claims in the event of a catastrophe....
...It is entering a field already crowded with private equity buyers and acquisition brokerages like Nihon M&A Center, Strike Co and M&A Capital Partners, which collectively conduct hundreds of deals a year...
...The company has a presence in retail finance, life insurance and general insurance....
...A version of this article was first published by Nikkei Asia on October 11 2021. ©2021 Nikkei Inc....
...Travelers was itself a collection of merged businesses, including its eponymous insurance arm, the Smith Barney brokerage and the Salomon Brothers investment bank, and Citigroup went on buy more companies...
...She was previously co-chair of Quinn Emanuel’s insurance and reinsurance litigation group....
...This remaking of Japan Inc rests on a critical structural shift: the changing role of banks....
...A version of this article was first published by the Nikkei Asian Review on January 1 2020. @2020 Nikkei Inc....
...“Deepfakes . . . will allow cyber criminals to up their game in terms of social engineering,” said John Farley, who heads up the cyber practice of global insurance brokerage Gallagher....
...A version of this article was first published on May 20 by the Nikkei Asian Review. ©2020 Nikkei Inc. All rights reserved....
...Investment groups, dealers, brokerages and high-frequency traders are rebelling against the rising cost of trading feeds, and the Securities and Exchange Commission has indicated some concern over the rising...
...China’s moves over the past year to liberalise its financial sector, by raising or eliminating foreign-investment caps for insurance companies and brokerages, is a classic example....
...Then look no further than the Lloyd's insurance marketplace, which has sold crypto custodian BitGo Inc a policy of as much as $100m for losses, including the loss of access keys, an unforeseen risk that...
...The bank will also undertake a strategic review of its general insurance business, including a potential sale....
...Nomura, the country’s largest brokerage, sold its insurance unit Asahi Fire & Marine Insurance to ecommerce group Rakuten in January as it focuses on expanding its investment banking business in the US....
...“Many tasks, such as airline and hotel reservations and insurance claims . . . are now fully automated.”...
...He trained as a musician and a lawyer, and followed his classical pianist father into property brokerage, renting lofts to garment traders in Lower Manhattan for 50 cents per square foot....
...When Colonial collapsed in August 2009, there was a $2.8bn cost for the Federal Deposit Insurance Corporation, which sued PwC....
...China’s troubles with Donald Trump could be an opportunity for Japan Inc....
...Mr Lilien was once chief operating officer of E* Trade, the US retail brokerage....
...Keith Baird, an analyst at Cantor Fitzgerald, the brokerage, said the overall flow figures were “disappointing”....
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