Berkshire

Berkshire Hathaway Inc. News Release

Retrieved on: 
Saturday, February 25, 2023

* Includes certain businesses in which Berkshire had between a 20% and 50% ownership interest.

Key Points: 
  • * Includes certain businesses in which Berkshire had between a 20% and 50% ownership interest.
  • Approximately $2.6 billion was used to repurchase Berkshire shares during the fourth quarter bringing the total for the year to approximately $7.9 billion.
  • Berkshire presents its results in the way it believes will be most meaningful and useful, as well as most transparent, to the investing public and others who use Berkshire’s financial information.
  • In addition to the GAAP presentations of net earnings, Berkshire shows operating earnings defined as net earnings exclusive of investment and derivative gains/losses and impairments of goodwill and intangible assets.

Berkshire Hathaway Inc. News Release

Retrieved on: 
Tuesday, February 21, 2023

Berkshire Hathaway Inc.’s 2022 Annual Report to the shareholders will be posted on the Internet on Saturday, February 25, 2023, at approximately 8:00 a.m. eastern time where it can be accessed at www.berkshirehathaway.com .

Key Points: 
  • Berkshire Hathaway Inc.’s 2022 Annual Report to the shareholders will be posted on the Internet on Saturday, February 25, 2023, at approximately 8:00 a.m. eastern time where it can be accessed at www.berkshirehathaway.com .
  • Concurrent with the posting of the Annual Report, Berkshire will also issue an earnings release.
  • The Annual Report will include Warren Buffett’s annual letter to shareholders as well as information about Berkshire’s financial position and results of operations.
  • Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing and services.

Juniper Square Completes $133MM Fundraise to Fuel Innovation and Growth in Private Markets

Retrieved on: 
Monday, February 13, 2023

The company’s modern approach to fund administration -- uniting expert practitioners with innovative and efficient workflows to improve quality, transparency and the investor experience-- has resulted in rapid growth of the service. In the past year, Juniper Square Administration grew assets under administration (AUM) by more than 4x and customers by more than 2.5x. In the coming year, Juniper Square plans to expand its administration organization and services further while investing in the security and efficiency of administration workflow through deep integrations with banking partners.

Key Points: 
  • Designed to provide GPs and LPs with a universal system to manage their private partnerships, Juniper Square will utilize this investment to accelerate innovation, expand its fund administration services and fuel rapid growth in private markets.
  • This fundraise is yet another milestone in a nine-year history of innovation and growth for Juniper Square.
  • “The significant growth we’ve seen in GPs and funds served underscores the rapid digitization of private markets that is underway and accelerating.
  • In addition, customers rate Juniper Square a 4.9 out of 5 stars on both Capterra and G2, two leading vendor review websites.

AM Best Affirms Credit Ratings of Finial Reinsurance Company and Finial Holdings, Inc.

Retrieved on: 
Friday, February 3, 2023

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of Finial Reinsurance Company (Stamford, CT).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of Finial Reinsurance Company (Stamford, CT).
  • The ratings of Finial Reinsurance Company reflect its balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).
  • 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 .

AM Best Affirms Credit Ratings of National Indemnity Company and Its Affiliates

Retrieved on: 
Friday, February 3, 2023

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aaa” (Exceptional) of National Indemnity Company (Omaha, NE) and its affiliates (collectively referred to as National Indemnity).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aaa” (Exceptional) of National Indemnity Company (Omaha, NE) and its affiliates (collectively referred to as National Indemnity).
  • The ratings of National Indemnity reflect its balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, very favorable business profile and appropriate enterprise risk management (ERM).
  • 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 .

Berkshire Hathaway HomeServices Reveals New Global Brand Identity

Retrieved on: 
Tuesday, January 31, 2023

Ahead of its 10-year anniversary, global real estate brokerage franchise network, Berkshire Hathaway HomeServices , unveils a bold new look.

Key Points: 
  • Ahead of its 10-year anniversary, global real estate brokerage franchise network, Berkshire Hathaway HomeServices , unveils a bold new look.
  • “Our refreshed look pays respect to our past and our core foundations of who we are as a brand and perfectly positions us for the exciting future ahead,” said Christy Budnick, CEO, Berkshire Hathaway HomeServices.
  • “The refresh of the Berkshire Hathaway HomeServices brand was a thoughtful and strategic undertaking that was executed with care and consideration,” said Wendy Durand, SVP, Global Marketing and Communications.
  • Of course, we made sure to include Cabernet—our iconic hue that is distinguishable the world over.”
    The Berkshire Hathaway HomeServices Luxury Collection also reveals a new look today.

BERKSHIRE MOUNTAIN DISTILLERS RELAUNCHES CULTURAL COCKTAILS CAMPAIGN with Additional Arts Organizations and Hospitality Participants

Retrieved on: 
Friday, February 10, 2023

SHEFFIELD, Mass., Feb. 10, 2023 /PRNewswire/ -- Based on the notable success of last year's program, Berkshire Mountain Distillers (BMD) will reignite its collaborative Cultural Cocktails campaign in 2023.

Key Points: 
  • SHEFFIELD, Mass., Feb. 10, 2023 /PRNewswire/ -- Based on the notable success of last year's program, Berkshire Mountain Distillers (BMD) will reignite its collaborative Cultural Cocktails campaign in 2023.
  • The program generated great excitement and served as an economic development model in support of the entertainment, culinary and hospitality industries.
  • In its first year, together with 15 arts organizations, Cultural Cocktails reached more than 1M enews subscribers, more than 1.1M followers on Instagram and 1.3M on Facebook.
  • In 2023, BMD's goal is to increase the number of cultural participants to 20 and to double hospitality business participation.

Berkshire Hills Appoints Former Massachusetts Lieutenant Governor Karyn Polito as New Independent Director

Retrieved on: 
Thursday, February 2, 2023

Ms. Polito brings broad expertise in both the public and private sector including as Lieutenant Governor of the Commonwealth of Massachusetts and as Principal of Polito Development Corporation.

Key Points: 
  • Ms. Polito brings broad expertise in both the public and private sector including as Lieutenant Governor of the Commonwealth of Massachusetts and as Principal of Polito Development Corporation.
  • Upon her election Ms. Polito was appointed to the Risk Management, Capital and Compliance and Corporate Responsibility and Culture committees of the Board.
  • "We are pleased to welcome Karyn to our Board of Directors," said Chairperson David M. Brunelle.
  • I look forward to working alongside the Board and leadership team to leverage my network, relationships, and experience to take Berkshire to even greater heights," stated Ms. Polito.

Barbara Wagner Communications Celebrates Two Years of Success

Retrieved on: 
Monday, January 30, 2023

NEW YORK, Jan. 30, 2023 /PRNewswire/ -- Barbara Wagner, the President of Barbara Wagner Communications (BWC), announces with pride that BWC has entered its third year of business, after completing two years of expansion and growth. The company has been successful, with a diverse group of clients spanning all aspects of real estate, economic development, culture and lifestyle.

Key Points: 
  • Woman-owned PR firm has expanded clientele spanning the fields of real estate, art, culture, and lifestyle
    NEW YORK, Jan. 30, 2023 /PRNewswire/ -- Barbara Wagner, the President of Barbara Wagner Communications (BWC), announces with pride that BWC has entered its third year of business, after completing two years of expansion and growth.
  • "2022 brought us many exciting adventures with the addition of new clients Berkshire Hathaway HomeServices New York Properties , M&T Bank, and BFC Properties in the real estate arena," said Wagner.
  • "We find that extending our services into the worlds of culture and lifestyle enhances our abilities in our specialty of real estate.
  • "My talented colleagues have helped BWC achieve success as we celebrate our second  anniversary," added Wagner.

Berkshire Hills Bancorp Names David Rosato as Senior Executive Vice President, Chief Financial Officer

Retrieved on: 
Wednesday, January 25, 2023

BOSTON, Jan. 25, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a leading socially responsible community bank with financial centers in New England and New York, announced that David Rosato, an accomplished banking executive who served most recently as Chief Financial Officer of People's United Financial, Inc., and prior to that as Treasurer at Webster Financial Corporation, will join Berkshire on February 6, 2023 as SEVP, Chief Financial Officer.

Key Points: 
  • BOSTON, Jan. 25, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a leading socially responsible community bank with financial centers in New England and New York, announced that David Rosato, an accomplished banking executive who served most recently as Chief Financial Officer of People's United Financial, Inc., and prior to that as Treasurer at Webster Financial Corporation, will join Berkshire on February 6, 2023 as SEVP, Chief Financial Officer.
  • "We're pleased to welcome Mr. Rosato to the Berkshire team as Chief Financial Officer.
  • He's a well-respected seasoned executive leader with exceptional business and financial acumen that will further bolster and accelerate Berkshire's Exciting Strategic Transformation (BEST) program," stated Berkshire CEO Nitin Mhatre.
  • In his role as Senior Executive Vice President and Chief Financial Officer, Mr. Rosato will serve as the company's top financial leader.