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...But co-founder and chief executive Daniel Schreiber told the Financial Times that the results, which included a small increase in its cash and investments, from $942mn at the end of the first half to $945mn...
...The deal under discussion would see Brookfield invest more than $1.5bn to buy a majority interest in Castlelake and make a large investment in its funds, three people briefed on the matter told the Financial...
...It is also the biggest fund ever raised by Brookfield, which manages $850bn across sectors spanning real estate, credit and insurance, renewable energy and corporate buyouts....
...As a private company, UL Solutions does not publicly disclose financial results....
...According to filings with insurance regulators reviewed by the Financial Times, the unit ultimately bears much of the risk that individual Berkshire insurance subsidiaries take....
...Jeremy Hunt has warned the Financial Conduct Authority against its plan to “name and shame” companies under investigation in an unusual broadside against the UK’s top financial regulator....
...“Why does it matter, from a purely financial point of view, what happens to Berkshire after Buffett?”...
...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...
...That includes pension funds, asset managers, clearing houses and insurance companies....
...Berkshire reported solid earnings in the first quarter, driven almost entirely by improvements in its insurance businesses as well as a boost from higher interest rates....
...Berkshire is one of several companies pushing states, including Wyoming and Idaho, to pass laws that would cap payouts if a utility is found culpable in the event of a wildfire....
...A unit of UnitedHealth, the gigantic American conglomerate, suffered a ransomware attack, preventing the insurance payments. Thankfully, her operation eventually took place....
...Cigna is in talks to merge with Humana in a deal that would create a US health insurance giant worth $140bn and provide a significant test for antitrust authorities, according to people briefed about the...
...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....
...The Tobacco-Free Finance Pledge has been signed by more than 200 financial institutions managing more than $16tn, largely in Europe and Australia....
...Corinthia told the Financial Times that it had offered Barings to manage some of its funds after these top executives had resigned....
...Insurance certificates for two US coal mines list Zurich-based reinsurance leader Swiss Re and US insurer Liberty Mutual as providing insurance cover for the operators of projects in Wyoming and Montana...
...Combs’ background is insurance; the 53-year-old got his start at Progressive....
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...Senator Cynthia Lummis of Wyoming warned Gruenberg that he “sure as heck better do something” about the culture of the FDIC, which she described as “disgusting”....
...The country’s largest banks expensed $16bn to cover the government-imposed “special assessment”, which replenished a deposit insurance fund that was heavily depleted by the failures of Silicon Valley Bank...
...The gains were fuelled by strong results from Berkshire’s insurance unit, including at Geico, as well as higher interest rates....
Case studies in best practice among general counsel and company legal teams in North America
...During the two deals, Dell and Silver Lake tangled with activist shareholders like Carl Icahn and resorted to heavy financial engineering....
...Lyft’s insurance cost per trip is about $2.43, or 50 cents per mile....
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