The elevation of Greg Abel to replace Warren Buffett at the helm of Berkshire Hathaway will cap the rise of a native Canadian who won over the legendary investor for being committed to the company’s culture, long-term thinking, and an …
German insurers are the most exposed in Europe to illiquid corporate bonds, a top watchdog said in one of the most detailed reports to date on the industry’s investments in private credit. At €91.8 billion ($108 billion), more than 40% …
Washington and the Pacific Northwest are facing multiple rounds of torrential downpours this week, raising flood risks in the region as residents are still grappling with last week’s historic rains. Heavy rain was peaking Monday in Washington, where as much …
The non-bank financial sector’s share of global assets grew to 51%, or $256.8 trillion, last year and expanded at double the rate of the traditional banking industry, the Financial Stability Board said on Tuesday. Non-bank financial intermediaries involved in what …
Shock over a shooting rampage at Brown University over the weekend is giving way to frustration over the lack of video footage and suspects. Authorities in Providence, Rhode Island, said Monday they hadn’t identified any new persons of interest in …
Bjak Sdn, Malaysia’s largest online insurance aggregator, is mulling an initial public offering within the next two years as it seeks to enter Europe. Bjak is eyeing new markets in Spain and Germany in 2026 following its recent expansion in …
Washington and the Pacific Northwest are facing multiple rounds of torrential downpours this week, raising flood risks in the region as residents are still grappling with last week’s historic rains. Heavy rain was peaking Monday in Washington, where as much …
One of Michigan’s most enduring sagas in the Upper Peninsula — the grounding of a Russian cargo jet marooned near Marquette for 16 years — may soon come to an end after years of lawsuits, police investigations and feuding over …
AIG announced it has received approval to proceed with the acquisition of Everest Group’s renewals in Germany, France, Italy, Netherlands, Spain and Ireland. The European Union deal is part of AIG’s $2 billion acquisition of Everest’s retail commercial insurance renewal …
A California jury on Friday awarded $40 million to two women who said Johnson & Johnson’s baby powder was to blame for their ovarian cancer. The jury in Los Angeles Superior Court awarded $18 million to Monica Kent and $22 …