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...Our Best of Warren Buffett coverage to start: The Oracle of Omaha laid bare the challenge for his successors in his annual letter this weekend: they have little chance of matching his “eye-popping performance...
...Berkshire Hathaway’s cash pile surged to a record $157bn in a quarter in which chief executive Warren Buffett continued to sell stakes in publicly traded companies, as the so-called Oracle of Omaha found...
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Things going wrong, and putting them right again, is the essence of insurance. How companies manage their claims is crucial not only to profitability but also to keeping customers onboard....
...There can only be one Oracle of Omaha, after all....
...But equally important are the public investments — stakes in companies such as Apple and Bank of America — that make Berkshire more akin to a mutual fund than a regular business....
...Mutual of Omaha, an insurance and financial services company, as well as consultancy firm McKinsey, are among the most recent plan sponsors to agree to pay millions of dollars to settle lawsuits....
...On the last Sunday of April 2019, a sleek Gulfstream V jet belonging to Occidental Petroleum touched down at Omaha airport....
...The primary purpose of a discretionary stimulus should be to ensure that the recovery is V-shaped. But there are a number of reasons to fear that the recovery will peter out....
...Barclays had been advising Covéa, a French mutual insurer, which last year wanted to make a bid for Scor....
...This time the Oracle of Omaha has found a lucrative way into the Occidental/Anadarko Petroleum deal....
...Containment of the number of new cases has been impressive in mainland China, and we now expect a V-shaped recovery from the second quarter onwards there....
...1952 Marries Susan Thompson....
...the law, from employment and tax to product liability, medical negligence, insurance and bankruptcy....
...In our view, the increased profitability is largely a function of the company’s adoption of IFRS 15....
...; (iv) assist in the payment of sickness benefits; and (v) protect supply-chain financing in response to the coronavirus....
...life insurance business....
...The key is to help generate a rapid pace of new company formation and to keep the flow of credit and finance flowing through the economy....
...But then Bogle made a fateful mistake, merging Wellington with an aggressive young mutual fund company in Boston....
...High profile fund manager Richard Buxton and private equity group TA Associates are close to agreeing a deal to buy a large part of Old Mutual Global Investors for about £600m, according to a person close...
...Isle of Man-based Utmost is part of Life Company Consolidation Group, an Oaktree Capital-backed vehicle set up four years ago by industry veteran Paul Thompson to collect together unwanted life insurance...
...Former talk-show host Montel Williams was enlisted by Money Mutual to help the payday lending company sell loans to consumers....
...Closer to home, the AMP group, which spent much of its 168-year history as a mutual, has been through a challenging year, reporting a 2016 net loss of A$344m after losses in its life insurance arm....
...CDL v Millennium hotels: Singapore stand-off A simple question sits at the heart of a battle between one of Singapore’s richest men Kwek Leng Beng and a group of investors in UK-listed Millennium & Copthorne...
...The banks closed by the FDIC and named in the lawsuit range from small community lenders to some of the largest casualties of the financial crisis such as IndyMac and Washington Mutual....
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