Operations/tech
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Shareholders supported Buffett remaining as chairman and chief executive on a nearly 6-to-1 margin. -
“We like where we are positioned right now in terms of the performance of some of that strategic hiring,” Glaser told analysts.
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Berkshire’s board opposed the proposal and recommended that the shareholders vote against it.
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Individual staff like the freedom and flexibility of hybrid working, but management is concerned about hidden long-term costs.
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The CEO says shortfalls exposed by responses to the pandemic can spur companies to finally take climate and other long-tail risks seriously.
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The US firm is looking at expanding across Australia, Canada and the UK after securing new investment.
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The activist investor cited progress on governance issues in pulling back two proposed directors but pushed Safety Insurance for further strengthening.
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The ratings agency has also terminated the provision and redistribution of all information products and services to clients in Russia with immediate effect.
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Board members include the former CEO of Assurant and the chief legal officer of Stripe.
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The newly installed CEO wants to build on the businesses the firm has and deliver a low 90s combined ratio.
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As well as wheeling out the same old products, the sector manages new risks through exclusion and does a poor job of telling its story to insureds.
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The investment firm said that pivoting to a pure-play insurance data business would unlock up to $20bn of value.
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