Buffett Says Non-Insurance Executive Abel Is His Likely Successor May 3, 2021 By Jonathan Stempel and Niket Nishant Warren Buffett ended long-running speculation about his successor at Berkshire Hathaway Inc by saying Greg Abel, who oversees the conglomerate’s...
West Virginia’s Billion-Dollar Trial Against Opioid Distributors Gets Underway May 3, 2021 The three largest U.S. drug distributors, who are accused of helping fuel the opioid crisis that has resulted in nearly...
Buffett Extols U.S. Economic Recovery, Laments SPACs, Shrugs Off Tax Hike May 3, 2021 By Jonathan Stempel and John McCrank Warren Buffett said on Saturday that Berkshire Hathaway Inc. is being lifted by a U.S. economy faring far better than...
Chinese Insurtech Waterdrop Seeks $360M in New York IPO May 3, 2021 By Scott Murdoch HONG KONG — Chinese online insurance technology firm Waterdrop Inc. aims to raise up to $360 million in an initial...
Fidelity Slashes Valuation of Restructured Ant Group of China May 3, 2021 By Aaron Saldanha U.S. asset manager Fidelity Investments has cut its valuation of Chinese financial technology giant Ant Group in half in its...
Amwins Acquires Equine, Canine Specialist Broker Equisure May 3, 2021 Specialty broker Amwins Group said it has agreed to acquire Equisure, Inc., a Colorado-based specialist in insurance programs for horse...
Nexus Signs Delegated Authority Deal With Allianz Global Corporate & Specialty May 3, 2021 Allianz Global Corporate & Specialty (AGCS) and Nexus Group announced a four year strategic underwriting and claims delegated authority agreement...
Gallagher Acquires Australia’s Mutual Brokers May 3, 2021 Insurance broker Arthur J. Gallagher & Co. said it has acquired Mutual Brokers Pty Ltd., a Canberra, Australian Capital Territory...
Alera Group Acquires California’s Adamson & McGoldrick Insurance May 3, 2021 Alera Group, a financial services and risk management company based in Deerfield, Illinois, has acquired Adamson & McGoldrick Insurance Solutions,...
9th Circuit Lifts Stay on Labor Law Classifying Truck Drivers as Employees May 3, 2021 By Jim Sams A federal appellate court on April 28 reversed a ruling that prevented California from enforcing a new labor law that...