AXA XL Taps SCOR’s Croese for Energy & Construction Team, APAC & Europe; Berkshire Hathaway Specialty Insurance Promotes O’Neill and Reddin in Ireland

This edition of International People Moves details appointments at AXA XL Insurance and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. AXA XL Taps SCOR’s Croese for Energy & Construction Team, APAC & Europe AXA XL Insurance has appointed Olivier Croese as product leader, Energy & Construction – APAC & … Read more

Berkshire Hathaway Specialty Insurance Promotes Mohammed Hannoun to Head of Casualty, Middle East

Article content BOSTON & DUBAI, United Arab Emirates — Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has named Mohammed Hannoun Head of Casualty for the Middle East, based in Dubai. “Mohammed has played a pivotal role in building up BHSI’s casualty capabilities in Middle East since we started the Dubai operations in 2018. … Read more

Berkshire Hathaway may be liable in high-speed chase injury

A federal appeals court reversed a lower court ruling on Thursday and held that a Berkshire Hathaway Inc. unit may be liable in a case involving a truck driver who did not pull aside during a high-speed chase, which allegedly led to a state trooper severely injuring his hand. The ruling in Anthony R. Efthemes … Read more

Berkshire Hathaway Could Owe Billions on Stock Gains Under the New Tax Law

Warren Buffett, CEO of Berkshire Hathaway, likes holding favorite stocks forever. Johannes Eisele/AFP via Getty Images Text size Berkshire Hathaway CEO Warren Buffett has long said that his favorite investment holding period is forever. He likes buying stock in companies like Apple (ticker: AAPL), Coca-Cola (KO), and American Express (AXP), with durable franchises that Berkshire … Read more

Berkshire Unit Sued Over California’s Largest Wildfire of Season

A Berkshire Hathaway Inc. unit was sued for allegedly causing California’s largest wildfire of the year, which killed four people and destroyed almost 200 structures near the Oregon border. The complaint against PacifiCorp, a power utility based in Portland, Oregon, was filed in California state court in Sacramento, according to a statement by Singleton Schreiber, … Read more

Buffett’s Berkshire Hathaway wins approval to buy up to half of Occidental

Berkshire Hathaway won the approval of a US energy regulator on Friday to buy up to 50 per cent in Occidental Petroleum, giving Warren Buffett’s company the option to vastly increase its stake in one of the US oil industry’s most storied producers. The Federal Energy Regulatory Commission said Berkshire’s proposal to increase its stake … Read more

Buffett’s Berkshire Hathaway Seeks to Buy as Much as 50% of Occidental

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. won approval from US regulators to buy as much as 50% of Occidental Petroleum Corp. after spending months snapping up its shares. Occidental’s stock had its biggest gain in five months. Most Read from Bloomberg The Federal Energy Regulatory Commission said in a filing published Friday that Berkshire’s … Read more

Buffett’s Berkshire Hathaway wins OK to buy 50% Occidental stake

Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Article content A U.S. energy regulator on Friday gave Berkshire Hathaway Inc, the company controlled by billionaire Warren Buffett, permission to buy up to 50% of oil company Occidental Petroleum Corp’s common stock. The Federal Energy Regulatory Commission (FERC) said its authorization was “consistent … Read more

Warren Buffett’s Berkshire Hathaway makes big bet on US lender Ally Financial

Warren Buffett’s Berkshire Hathaway made a big bet on auto and home lender Ally Financial in the second quarter while increasing its wager on iPhone maker Apple despite signs that an economic slowdown is beginning to weigh on consumers. The investments, along with purchases of shares in video streaming service Paramount Global and oil majors … Read more

Berkshire Hathaway boosts Apple, Amazon stakes

Warren Buffett’s Berkshire Hathaway Inc. BRK.A, +0.55% BRK.B, +0.42% added to its positions of Amazon.com Inc. AMZN, -0.26% and Apple Inc. AAPL, +0.63% over the past quarter, according to a filing with the Securities and Exchange Commission late Monday. Berkshire reported 10.7 million shares of Amazon, up from 534,000 shares in the previous quarter, and … Read more