Hints and tips:
...“Ajit’s achievements since joining Berkshire have been supported by a large cast of hugely-talented insurance executives in our various P/C [property-casualty] operations,” he wrote....
...Meanwhile Elliott, which manages about $65bn in assets, has built up a $1bn stake in Anglo American using derivatives and investors believe the mining company is set to be bought or broken up even after...
...to the “fractional banking” concept that emerged in medieval and early Renaissance Italy and now shapes modern finance....
...Biden on Wednesday visited US Steel’s headquarters in Pittsburgh, and in front of cameras, had a clear message: US Steel should remain “American-owned, American-operated by American union steelworkers —...
...These costs would presumably be reflected in property and casualty insurance rates, along with many other pressures that are affecting the world right now....
...The restaurant, however, is modern Italian, presided over by chef Marco Ortolani....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...“Fire fighting [is] very difficult” on modern car carriers, said Richard Gunn, a casualty lawyer at law firm Reed Smith, who added that ships tended to be built with several decks that were built as low...
...Insured losses from natural disasters in the US topped $275bn between 2020 to 2022, the most ever for a three-year period, according to the American Property Casualty Insurance Association....
...Pension funds, hedge funds, insurance companies, all different bits of private markets, stuff where regulators don't have a huge amount of visibility on what is going on....
...Additional contributions from Grace Ramos, Gordon Smith and George Russell...
...On Wednesday, insurance brokerage Aon struck a deal to acquire NFP, a private equity-backed midsized property and casualty broker, for $13.4bn....
...However, I’m kind of long the insurance industry, specifically kind of property casualty insurance industry. Now, everybody hates on this industry a little bit because, you know, the doomers, again....
...So they are an insurance company for insurance companies. They do have a primary property casualty insurance unit, but mostly they’re reinsurance....
...A cut in national insurance contributions and the “largest business tax cut in modern British history” lay at the heart of a highly political Autumn Statement from chancellor Jeremy Hunt in the House of...
...Ken Stoller, assistant vice-president at the American Property Casualty Insurance Association, an industry body, highlighted the rejection of pandemic claims in many federal courts, in state high courts...
...The 99-year-old investor — sidekick to billionaire Warren Buffett — warned of a brewing storm in the US commercial property market, with American banks “full of” what he described as “bad loans”....
...Ever since, the promise of eye-watering returns has enticed pension plans, endowments, insurance companies, private banks and business tycoons to pump $5tn into the industry....
...“The Russians’ strategy is to show it is much more resilient to casualties than Ukraine,” said Oleksandr V Danylyuk, head of the Centre for Defence Reforms, a think-tank in Kyiv....
...“Although you can control a museum during your lifetime, it becomes very difficult after you’ve gone, and then there are the considerations of insurance, access and conservation.”...
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...” said Georgia O’Keeffe, America’s first great Modern painter....
...“Absolutely yes,” says Russell Napier, founder and keeper of the Library of Mistakes, a financial history library in Edinburgh....
...So Tom and I thought, (inaudible). So we sort of say . . . Claer Barrett Tom is . . . Justin Urquhart-Stewart . . . My business partner who’s a very un-American American....
...Sonaike, 43, founded her eponymous company in 2009, and each collection begins with a narrative....
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