Berkshire Hathaway News

New Accounting Rule Could Serve Up Surprises at Buffet’s Berkshire Annual Meet

Berkshire Hathaway Inc. investors should get ready for a bumpy ride. Warren Buffett’s company is scheduled to report earnings Saturday morning before its annual meeting, and a new accounting rule could sink results. Berkshire is now required to report unrealized …

JPMorgan, Amazon, Berkshire Venture to Target Health Issues Using Data, Technology

JPMorgan Chase & Co., Amazon.com Inc., and Berkshire Hathaway will focus on the biggest health issues threatening the U.S. economy in their new joint venture, including aligning healthcare payments with employee health and addressing chronic diseases, CEO Jamie Dimon said …

Buffett Eyes ‘Huge’ Acquisitions But Not in Insurance

Warren Buffett on Saturday lamented his inability to find big companies to buy and said his goal is to make “one or more huge acquisitions” of non-insurance businesses to bolster results at his conglomerate Berkshire Hathaway Inc. In his annual …

3 Giants — Berkshire, Amazon, JPMorgan— to Form Joint Employee Health Venture

Amazon, Berkshire Hathaway and JPMorgan Chase & Co. are partnering to create an independent healthcare company for their U.S. employees that will be focused on improving employee satisfaction and reducing costs. The new venture will be “free from profit-making incentives …

Despite Insurance Losses, Berkshire Stock Joins Exclusive Club

Berkshire Hathaway Inc.’s stock price touched $300,000 for the first time on Monday, reflecting investors’ confidence in Warren Buffett’s conglomerate despite four straight quarters of lower operating profit. Crossing the $300,000 threshold put Berkshire’s Class A shares up 22.9 percent …

Munich Re to Increase Shareholding in Global Aerospace to 51%

Global Aerospace, the London-based provider of aerospace insurance, announced that Munich Re has agreed to purchase an additional 11 percent of the shares in Global Aerospace Underwriting Managers Ltd., the company that manages the Global Aerospace Pool. Following the acquisition, …

Australia’s IAG Forms Capital-Releasing Deals with Munich Re, Swiss Re, Hannover Re

Insurance Australia Group Ltd. said on Friday it will share 12.5 percent of its premiums and costs with Munich Re, Swiss Re and Hannover Re, in a series of deals that will release capital for Australia’s biggest general insurer. The …

China’s Ping An Is World’s 2nd Largest Insurer by Market Value After Berkshire

A surge in Ping An Insurance (Group) Co.’s shares this year has made it the world’s second-largest insurer by market value behind only Berkshire Hathaway Inc. And the rally may not be done yet. Shares of the Chinese insurer, which …

Europe’s Re/Insurers Cut Coal Investments by $20B; U.S. Firms Fail to Act: Report

Insurers have pulled $20 billion out of coal investments, but most are European and none of the top nine U.S. insurers has taken “meaningful action,” campaign group Unfriend Coal said on Wednesday. Government representatives and officials at this week’s U.N. …

Berkshire Likely to Report Big Q3 Claims Costs – and Reduced Insurance ‘Float’

The insurance business has been good to Warren Buffett. For decades, his stable of carriers at Berkshire Hathaway Inc. have provided him billions of dollars to invest. They’ve also turned an underwriting profit every year since 2002. That streak could …