8 Reinsurers Provide $897M Cover for Lloyd’s Central Fund with Aon as Placing Broker June 21, 2021 Lloyd’s announced the marketplace has secured a five-year £650 million ($897 million) reinsurance cover for its Central Fund—a move that...
Feds Inspected Illinois Chemical Plant Weeks Before Explosion, Fires June 16, 2021 A northern Illinois chemical plant that was rocked by an explosion and massive fires that prompted evacuations was inspected by...
Buffett’s Berkshire Hathaway Takes Big Stake in Aon May 17, 2021 By Jonathan Stempel Berkshire Hathaway Inc. said on Monday it has taken a $943 million stake in insurance brokerage Aon Plc and sold...
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...
In His Own Words: Q&A with Applied Underwriters’ Menzies on Buffet, California and ‘Pumping Entrepreneurial Power’ May 3, 2021 By Andrew G. Simpson Steve Menzies, founder and chairman of Applied Underwriters Inc., is a busy man. Since he reacquired his company from Warren...
Berkshire Hathaway Discloses $499M Investment in Marsh & McLennan February 17, 2021 By Jonathan Stempel Warren Buffett’s Berkshire Hathaway Inc. on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone...
Amazon, Berkshire, JPMorgan Closing Down Joint Healthcare Venture January 4, 2021 By Manas Mishra The healthcare joint venture of Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co., will cease to exist at...
Berkshire Hathaway Sues Law Firm It Says Aided $756 Million M&A Fraud October 15, 2020 By Bob Van Voris A unit of Warren Buffett’s Berkshire Hathaway Inc. claims a top international law firm helped German piping component maker Wilhelm...
Berkshire Insurance Units Hold Their Own While Pandemic Slams Other Buffett Firms August 10, 2020 Berkshire Hathaway Inc. had a tough second quarter with the pandemic taking a toll on most of its operating businesses...
TuSimple Launches Self-Driving Truck Network with Berkshire’s McLane, UPS July 2, 2020 By Nick Carey U.S. technology company TuSimple on Wednesday launched a self-driving freight network with UPS and Berkshire Hathaway Inc. supply chain unit...