Berkshire Hathaway

AM Best Affirms Credit Ratings of RSUI Group’s Members

Retrieved on:

Thursday, February 1, 2024

Consulting, Professional Services, Insurance, Finance, National Indemnity Company, Risk management, RSUI, News, Philosophy, AM Best, FSR, Berkshire Hathaway, Credit, ALL, Superior

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa+” (Superior) of RSUI Indemnity Company and its reinsured subsidiaries, collectively referred to as RSUI Group (RSUI).

Key Points:

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa+” (Superior) of RSUI Indemnity Company and its reinsured subsidiaries, collectively referred to as RSUI Group (RSUI).
The ratings of RSUI reflect the group’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Dragos Appoints Bill Fehrman and Ekta Singh-Bushell to Board of Directors

Retrieved on:

Wednesday, January 31, 2024

("Bill") Fehrman, President and CEO of Centuri Group, Inc., and Ekta Singh-Bushell, who has served in management and board roles at Federal Reserve Bank of New York, EY, and high-growth startups, have joined the Dragos Board of Directors.

Key Points:

("Bill") Fehrman, President and CEO of Centuri Group, Inc., and Ekta Singh-Bushell, who has served in management and board roles at Federal Reserve Bank of New York, EY, and high-growth startups, have joined the Dragos Board of Directors.
Fehrman and Singh-Bushell bring decades of industry experience in leadership and advisory positions at world-leading companies and will add further depth and breadth of knowledge to Dragos’s executive board.
“Cyber threats targeting industrial infrastructure and their supply chains are intensifying while under-resourced security teams struggle to keep pace,” said Fehrman.
“Dragos is a mission-focused company and clear market leader in the industrial cybersecurity space and I’m thrilled to be joining its board of directors.

AM Best Affirms Credit Ratings of MLMIC Insurance Company

Retrieved on:

Wednesday, January 31, 2024

Insurance, Professional Services, COVID-19, National Indemnity Company, Risk management, Calendar, News, LPT, AM Best, Berkshire Hathaway, Credit, MPL, Acquisition, ALL, Superior

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of MLMIC Insurance Company (MLMIC) (Albany, NY).

Key Points:

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of MLMIC Insurance Company (MLMIC) (Albany, NY).
The ratings benefit from the financial support provided by MLMIC’s direct parent company, National Indemnity Company, which is ultimately owned by Berkshire Hathaway Inc. [NYSE: BRK.A and BRK.B].
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

CSOP Nikkei 225 Index ETF (3153.HK) to List on HKEX Tomorrow

Retrieved on:

Tuesday, January 30, 2024

CSOP Nikkei 225 Index ETF (3153.HK) will be listed on the Hong Kong Stock Exchange on January 31, 2024, making it the first Nikkei 225 Index ETF in Hong Kong.

Key Points:

CSOP Nikkei 225 Index ETF (3153.HK) will be listed on the Hong Kong Stock Exchange on January 31, 2024, making it the first Nikkei 225 Index ETF in Hong Kong.
View the full release here: https://www.businesswire.com/news/home/20240130677020/en/
CSOP Nikkei 225 Index ETF (3153.HK) (Graphic: Business Wire)
Nikkei 225 Index rose by 30% in 2023, making Japan the highest returning stock market among major global markets1.
CSOP Nikkei 225 Index ETF is the first ETF in Hong Kong tracking Nikkei 225 Index.
Ms. Ding Chen, CEO of CSOP, is pleased to announce that the CSOP Nikkei 225 Index ETF will be listed on the Hong Kong Stock Exchange tomorrow.

Start-stop Battery Market Projected USD 23.30 Billion Growth between 2024 and 2028: Market to focus on Fuel Efficiency and Advanced Technologies - Technavio

Retrieved on:

Friday, February 2, 2024

Competitive landscape, Growth, Continental AG, USD, Ecosystem, Berkshire Hathaway, Paris Agreement, EVS, A123 Systems, Battery

The market is experiencing a surge in demand driven by declining lithium-ion battery prices, a growing emphasis on fuel efficiency, and advancements in battery technologies.

Key Points:

The market is experiencing a surge in demand driven by declining lithium-ion battery prices, a growing emphasis on fuel efficiency, and advancements in battery technologies.
Growth Drivers: The market's expansion is propelled by the increasing focus on fuel efficiency in vehicles.
Challenges: A significant challenge confronting market growth is the high cost associated with manufacturing advanced start-stop batteries.
The E-bike battery market size is forecast to increase by USD 2.12 billion and is estimated to grow at a CAGR of 6.46% between 2022 and 2027.

RENI -CEO Unveils FY 2024 Acquisition Strategy Focused On Energy and Technology Sectors

Retrieved on:

Thursday, February 1, 2024

FY, Investment, Communication, Acquisition, Nicknames of Houston, Letter, Berkshire Hathaway, Management

HOUSTON, Feb. 1, 2024 /PRNewswire/ -- Resilient Energy, Inc. (OTC Markets: RENI) ("RENI" or "the Company") Announces the commencement of its corporate communications.

Key Points:

HOUSTON, Feb. 1, 2024 /PRNewswire/ -- Resilient Energy, Inc. (OTC Markets: RENI) ("RENI" or "the Company") Announces the commencement of its corporate communications.
Mr. Jon Bianco, CEO of the organization, has diligently presented a thorough corporate update on the Company's acquisition strategy and plan for FY 2024, in a letter addressed to its esteemed shareholders.
The journey to establish Resilient Energy, Inc. as a publicly traded company has been significant.
I am delighted to unveil our management's plan to embark on an acquisition roadmap, propelling rapid expansion and diversification.

LIGHTNING EMOTORS ALERT: Bragar Eagel & Squire, P.C. is Investigating Lightning eMotors Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Retrieved on:

Monday, January 29, 2024

Telephone, Lightning, OTC, News, Berkshire Hathaway, P.C, Cryptocurrency

Our investigation concerns whether the board of directors of Lightning eMotors have breached their fiduciary duties to the company.

Key Points:

Our investigation concerns whether the board of directors of Lightning eMotors have breached their fiduciary duties to the company.
Lightning eMotors’ stock began trading on the New York Stock Exchange on May 7, 2021 following a de-SPAC transaction with GigCapital3.
Then, on August 16, 2021, Lightning eMotors announced the Company's financial results for the second quarter of 2021, including a net loss per share of $0.79 compared to a loss of $0.10 in the second quarter of 2020.
On this news, Lightning eMotors’ stock price fell $1.63 per share, or 16.93%, to close at $8.00 per share on August 17, 2021.

Focused Compounding Nominates Jacob McDonough (The Guy Who LITERALLY Wrote the Book on Capital Allocation) For Parks! America’s June 6th Annual Meeting

Retrieved on:

Monday, January 29, 2024

HQ, Proxy, Special, Berkshire Hathaway, LP, Growth, Proxy statement, Bryan–College Station, Public expenditure, Investment, Acquisition, Michigan State University, Annual general meeting, Capital, WHEN, Security (finance)

DALLAS, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Focused Compounding is pleased to announce the nomination of Jacob McDonough to their board slate for Parks! America’s June 6th annual meeting. Mr. McDonough earned a Bachelor of Arts in Finance from Michigan State University and is the Founder and Portfolio Manager of McDonough Investments, a capital management firm that manages capital for clients as a registered investment adviser. He is the author of “Capital Allocation: The Financials of a New England Textile Mill (1955-1985),” a book that covers Warren Buffett’s capital reallocation from a failing textile mill to other profitable companies during the early days of his control over Berkshire Hathaway. We believe that Mr. McDonough’s experience in capital management and capital reallocation will allow him to maximize shareholder value as a director.

Key Points:

We believe that Mr. McDonough’s experience in capital management and capital reallocation will allow him to maximize shareholder value as a director.
America’s situation today is a lot like the one Buffett faced when he first assumed capital allocation duties at Berkshire.
This extreme underestimate of the Missouri park’s true cost does not include interest on borrowed money or reflect opportunity costs.
Jacob McDonough: After Warren Buffett took over Berkshire Hathaway in 1965, the company was able to substantially reduce overhead costs.

TowneBank Reports Full Year and Fourth Quarter Financial Results For 2023

Retrieved on:

Wednesday, January 24, 2024

Aston, FDIC, AFS, Berkshire Hathaway, Total, BHHS, Insurance, Housing, Risk, Environment, Sale, Tax, Acquisition, Movement, Growth, Cryptocurrency

SUFFOLK, Va., Jan. 24, 2024 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (Nasdaq: TOWN) today reported financial results for the full year and fourth quarter ended December 31, 2023.

Key Points:

SUFFOLK, Va., Jan. 24, 2024 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (Nasdaq: TOWN) today reported financial results for the full year and fourth quarter ended December 31, 2023.
Earnings in the fourth quarter of 2023 were $28.80 million, or $0.39 per diluted share, compared to fourth quarter 2022 earnings of $46.69 million, or $0.64 per diluted share.
Highlights for Fourth Quarter 2023:
Total revenues were $155.55 million in fourth quarter 2023, a decrease of $19.76 million, or 11.27% from the prior year quarter.
The ratio of net charge-offs (recoveries) to average loans on an annualized basis was 0.00% in fourth quarter 2023, 0.11% in fourth quarter 2022, and (0.04)% in the linked quarter.

CIO Leadership: HMG Strategy Kicks Off its 2024 C-Level Technology Executive Leadership Summit Series with its 16th Annual Silicon Valley Global Innovation Summit on March 7

Retrieved on:

Thursday, January 18, 2024

Cloud, LastPass, Berkshire Hathaway, Zoom, SVP, Fortinet, SAP, BetterCloud, Box, HMG, RingCentral, Management

The theme of the summit – and for HMG Strategy’s 2024 C-Level Technology Executive Leadership Summits – is ‘Visionary Global Leadership: Thriving Securely in the Age of Accelerated Innovation’.

Key Points:

The theme of the summit – and for HMG Strategy’s 2024 C-Level Technology Executive Leadership Summits – is ‘Visionary Global Leadership: Thriving Securely in the Age of Accelerated Innovation’.
To learn more about the 16th Annual Silicon Valley Global Innovation Summit and to register for the event, click here .
HMG Strategy will also be hosting its 15 th Annual Phoenix C-Level Technology Leadership Summit on March 21 at The Westin Kierland Resort & Spa in Scottsdale, AZ.
Key topics to be explored at the summit include opportunities to leverage partnerships and innovative technologies to power business growth and to reduce costs.