article thumbnail

What Wall Street analysts are saying about Berkshire's mixed earnings and rare Kraft Heinz write-down

CNBC: Investing

Berkshire's operating profit from the company's wholly-owned businesses, including insurance and railroads, dipped 4% year-over-year, to $11.16 Pre-tax underwriting earnings at Geico rose slightly, to $1.8 "Geico continues to grow and remains very profitable," Meredith at UBS said.

S&P
article thumbnail

China’s price wars hit investment banking as underwriters charge $100 fees

Financial Times - Banking

Complete digital access to quality FT journalism on any device.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

This Chinese robotaxi stock can more than double as production ramps up, analysts say

CNBC: Investing

The company is close to fully scaling its fleet of robotaxis, which will also help Pony AI improve its profitability, Lee said. Bank of America's Merrill Lynch unit and Goldman Sachs were the two lead underwriters on Pony AI's initial public offering at $13 a share last November. PONY YTD mountain Pony AI stock in 2025.

article thumbnail

Bishop Street Underwriters Acquires Ethos Specialty’s Transactional Liability Unit, Adding High-Quality Capacity to its Rapidly Expanding Platform

Global Newswire by Notified: M&A

11, 2024 (GLOBE NEWSWIRE) -- Bishop Street Underwriters (“Bishop Street”), a RedBird Capital Partners portfolio company, today announced that it has acquired Ethos Specialty’s Transactional Liability unit. NEW YORK, Nov.

article thumbnail

Commercial insurance prices may not yet be coming down, Lloyd’s chairman says

Global Banking & Finance

By Carolyn Cohn LONDON (Reuters) -Commercial insurance premiums may not yet be turning lower despite years of increases, Lloyd’s of London chairman Bruce Carnegie-Brown told Reuters, as the market reported a 26% jump in first-half pre-tax profit on Thursday.

article thumbnail

Commercial insurance prices may not yet be coming down, Lloyd’s chairman says

Global Banking & Finance

By Carolyn Cohn LONDON (Reuters) -Commercial insurance premiums may not yet be turning lower despite years of increases, Lloyd’s of London chairman Bruce Carnegie-Brown told Reuters, as the market reported a 26% jump in first-half pre-tax profit on Thursday.

article thumbnail

How Merchant Banks Help Businesses Grow and Succeed

Razorpay

They may help with underwriting, fundraising, credit or financial advice. Underwriting Services Merchant banks also provide underwriting services for initial public offerings (IPOs), private placements, follow-on public offerings (FPOs) and rights issues. What is a Merchant Bank?