Alexandre Rajbhandari
@alexrajbhandari.bsky.social
Bloomberg reporter covering Warren Buffett and US insurance.
Views are my own, reposts are not endorsements.
Views are my own, reposts are not endorsements.
Day 2 of @bloomberg.com's series on how Wall Street is reshaping the world of US life insurance.
November 17, 2025 at 10:45 PM
Day 2 of @bloomberg.com's series on how Wall Street is reshaping the world of US life insurance.
This week, @bloomberg.com is running a series of stories on how the US retirement promise has been quietly rewritten by #WallStreet.
November 17, 2025 at 12:06 AM
This week, @bloomberg.com is running a series of stories on how the US retirement promise has been quietly rewritten by #WallStreet.
In 2024, Egan-Jones says it graded more than 3,000 private credit deals… with a team of about 20 analysts. Industry insiders worry trouble is brewing.
Read our Big Take, by Silas Brown, @laura-benitez.bsky.social and myself below.
www.bloomberg.com/news/article...
Read our Big Take, by Silas Brown, @laura-benitez.bsky.social and myself below.
www.bloomberg.com/news/article...
Over 3,000 Private Credit Deals From Just 20 Analysts Raise Questions on Wall Street
A tiny ratings firm says it’s the market's most prolific grader of private credit. Industry insiders worry trouble is brewing.
www.bloomberg.com
June 2, 2025 at 1:04 AM
In 2024, Egan-Jones says it graded more than 3,000 private credit deals… with a team of about 20 analysts. Industry insiders worry trouble is brewing.
Read our Big Take, by Silas Brown, @laura-benitez.bsky.social and myself below.
www.bloomberg.com/news/article...
Read our Big Take, by Silas Brown, @laura-benitez.bsky.social and myself below.
www.bloomberg.com/news/article...
Chubb CEO Evan Greenberg called for a “coherence of policy” to dispel confusion around President Donald Trump’s approach to trade, saying predictability is essential for economic growth.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Chubb CEO Calls for US Policy Coherence to Stop Tariff Confusion
Chubb Ltd. Chief Executive Officer Evan Greenberg called for a “coherence of policy” to dispel confusion around President Donald Trump’s approach to trade, saying predictability is essential for econo...
www.bloomberg.com
April 23, 2025 at 3:49 PM
Chubb CEO Evan Greenberg called for a “coherence of policy” to dispel confusion around President Donald Trump’s approach to trade, saying predictability is essential for economic growth.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Berkshire Hathaway’s stock sailed through a turbulent trading session Thursday, falling only slightly while indexes across the globe plummeted on President Donald Trump’s sweeping tariff plans.
Here's why
www.bloomberg.com/news/article...
Here's why
www.bloomberg.com/news/article...
Buffett’s Berkshire Weathers Tariff-Fueled Stock-Market Selloff
Berkshire Hathaway Inc.’s stock sailed through a turbulent trading session Thursday, falling only slightly while indexes across the globe plummeted on President Donald Trump’s sweeping tariff plans.
www.bloomberg.com
April 3, 2025 at 9:55 PM
Berkshire Hathaway’s stock sailed through a turbulent trading session Thursday, falling only slightly while indexes across the globe plummeted on President Donald Trump’s sweeping tariff plans.
Here's why
www.bloomberg.com/news/article...
Here's why
www.bloomberg.com/news/article...
There's a new exotic destination for US life insurers looking for capital relief: the Cayman Islands.
Not everyone is happy about it.
www.bloomberg.com/news/article...
Not everyone is happy about it.
www.bloomberg.com/news/article...
Cayman Islands Builds $74 Billion Insurance Hub That Irks Apollo
The small crowd in pastel polo shirts and sunglasses boarded the catamaran for an afternoon cruise on the Caribbean’s sapphire waters. Tucked under their drinks were napkins emblazoned with a slogan a...
www.bloomberg.com
April 3, 2025 at 7:39 PM
There's a new exotic destination for US life insurers looking for capital relief: the Cayman Islands.
Not everyone is happy about it.
www.bloomberg.com/news/article...
Not everyone is happy about it.
www.bloomberg.com/news/article...
AIG plans to increase its allocation to private assets as the insurer aims to grow its net investment income, with the biggest boost going to private credit.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
AIG Plans Major Boost in Investment Portfolio to Private Credit
American International Group Inc. plans to increase its allocation to private assets as the insurer aims to grow its net investment income, with the biggest boost going to private credit.
www.bloomberg.com
March 31, 2025 at 3:31 PM
AIG plans to increase its allocation to private assets as the insurer aims to grow its net investment income, with the biggest boost going to private credit.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Warren Buffett’s Berkshire Hathaway continued whittling a longtime bet on Bank of America in last year’s final months, while keeping a stake in Apple intact following an earlier reduction.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Buffett Sold More BofA Stock While Keeping Apple Stake Intact
Warren Buffett’s Berkshire Hathaway Inc. continued whittling a longtime bet on Bank of America Corp. in last year’s final months, while keeping a stake in Apple Inc. intact following an earlier reduct...
www.bloomberg.com
February 14, 2025 at 10:02 PM
Warren Buffett’s Berkshire Hathaway continued whittling a longtime bet on Bank of America in last year’s final months, while keeping a stake in Apple intact following an earlier reduction.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Reposted by Alexandre Rajbhandari
As the fires rage on, the disaster threatens the fragile balance between climate risk & insurance in California
This is our weekend Big Take @bloomberg.com
By @leslieatlarge.bsky.social @laurenthal.bsky.social @michellema.bsky.social @alexrajbhandari.bsky.social
www.bloomberg.com/graphics/202...
This is our weekend Big Take @bloomberg.com
By @leslieatlarge.bsky.social @laurenthal.bsky.social @michellema.bsky.social @alexrajbhandari.bsky.social
www.bloomberg.com/graphics/202...
Bluesky
Byleslieatlarge.bsky.social
January 11, 2025 at 5:13 AM
As the fires rage on, the disaster threatens the fragile balance between climate risk & insurance in California
This is our weekend Big Take @bloomberg.com
By @leslieatlarge.bsky.social @laurenthal.bsky.social @michellema.bsky.social @alexrajbhandari.bsky.social
www.bloomberg.com/graphics/202...
This is our weekend Big Take @bloomberg.com
By @leslieatlarge.bsky.social @laurenthal.bsky.social @michellema.bsky.social @alexrajbhandari.bsky.social
www.bloomberg.com/graphics/202...
California banned insurers from canceling or not renewing residential property policies in the Los Angeles neighborhoods that were affected by the blazes that destroyed swaths of the city this week.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
California Bans Insurance Cancellation in LA Fire-Affected Areas
California banned insurers from canceling or not renewing residential property policies in the Los Angeles neighborhoods that were affected by the blazes that destroyed swaths of the city this week.
www.bloomberg.com
January 10, 2025 at 3:22 PM
California banned insurers from canceling or not renewing residential property policies in the Los Angeles neighborhoods that were affected by the blazes that destroyed swaths of the city this week.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
The potential cost for insurers of the devastation caused by the Los Angeles wildfires is now expected to surpass $20 billion, according to analysts at JPMorgan Chase & Co., doubling their estimate from just a day before.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
LA Wildfire Costs Double to $20 Billion Overnight for Insurers
The potential cost for insurers of the devastation caused by the Los Angeles wildfires is now expected to surpass $20 billion, according to analysts at JPMorgan Chase & Co., doubling their estimat...
www.bloomberg.com
January 9, 2025 at 9:49 PM
The potential cost for insurers of the devastation caused by the Los Angeles wildfires is now expected to surpass $20 billion, according to analysts at JPMorgan Chase & Co., doubling their estimate from just a day before.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Wildfires engulfing entire swaths of Los Angeles are expected to be one of the nation’s costliest natural disasters, with insurers potentially incurring losses of more than $10 billion.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Los Angeles Wildfires’ Insured Losses Risk Exceeding $10 Billion
Wildfires engulfing entire swaths of Los Angeles are expected to be one of the nation’s costliest natural disasters, with insurers potentially incurring losses of more than $10 billion.
www.bloomberg.com
January 9, 2025 at 6:08 PM
Wildfires engulfing entire swaths of Los Angeles are expected to be one of the nation’s costliest natural disasters, with insurers potentially incurring losses of more than $10 billion.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Private equity firms have become enamored with insurance and the stable money it provides for credit bets. Todd Boehly is taking it a step further with
Security Benefit, investing in loans... to his own firms.
Security Benefit, investing in loans... to his own firms.
December 20, 2024 at 5:52 PM
Private equity firms have become enamored with insurance and the stable money it provides for credit bets. Todd Boehly is taking it a step further with
Security Benefit, investing in loans... to his own firms.
Security Benefit, investing in loans... to his own firms.
Reposted by Alexandre Rajbhandari
Todd Boehly's Security Benefit Life has produced market-leading returns through a strategy of investing in loans to affiliated companies. But that strategy has raised concerns in some corners of the life insurance industry. Latest, with @alexrajbhandari.bsky.social. www.bloomberg.com/news/article...
Boehly’s Insurer Reaps Gains and Doubts From Loans to His Firms
Private equity firms have become enamored with insurance and the stable money it provides for credit bets. Todd Boehly is taking it a step further with Security Benefit Life Insurance Co.
www.bloomberg.com
December 20, 2024 at 3:32 PM
Todd Boehly's Security Benefit Life has produced market-leading returns through a strategy of investing in loans to affiliated companies. But that strategy has raised concerns in some corners of the life insurance industry. Latest, with @alexrajbhandari.bsky.social. www.bloomberg.com/news/article...
Scoop: #NewYork is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
New York Considers Making Property Insurers Cover Taxi Claims Losses
New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans.
www.bloomberg.com
December 12, 2024 at 4:20 PM
Scoop: #NewYork is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Reposted by Alexandre Rajbhandari
Stenn, a supply-chain finance firm backed by Wall St. giants, collapsed after HSBC found multiple potentially fraudulent transactions.
www.bloomberg.com/news/articles/2024-12-10/hsbc-raised-fraud-alarm-that-sparked-collapse-of-fintech-stenn
www.bloomberg.com/news/articles/2024-12-10/hsbc-raised-fraud-alarm-that-sparked-collapse-of-fintech-stenn
HSBC Raised Fraud Alarm That Sparked Collapse of Fintech Stenn
A finance firm backed by several influential Wall Street investors collapsed last week after HSBC Holdings Plc discovered some of the company’s transactions may have been fraudulent.
www.bloomberg.com
December 10, 2024 at 1:09 PM
Stenn, a supply-chain finance firm backed by Wall St. giants, collapsed after HSBC found multiple potentially fraudulent transactions.
www.bloomberg.com/news/articles/2024-12-10/hsbc-raised-fraud-alarm-that-sparked-collapse-of-fintech-stenn
www.bloomberg.com/news/articles/2024-12-10/hsbc-raised-fraud-alarm-that-sparked-collapse-of-fintech-stenn
Global insurers are expected to pay more than $135 billion for natural catastrophes in 2024, according to a report by the Swiss Re Institute.
#climatechange #globalwarming #hurricanes #flooding #insurance
www.bloomberg.com/news/article...
#climatechange #globalwarming #hurricanes #flooding #insurance
www.bloomberg.com/news/article...
Natural Disasters Expected to Cost Insurers $135 Billion in 2024
Global insurers are expected to pay more than $135 billion for natural catastrophes in 2024, according to a report by the Swiss Re Institute.
www.bloomberg.com
December 5, 2024 at 7:00 PM
Global insurers are expected to pay more than $135 billion for natural catastrophes in 2024, according to a report by the Swiss Re Institute.
#climatechange #globalwarming #hurricanes #flooding #insurance
www.bloomberg.com/news/article...
#climatechange #globalwarming #hurricanes #flooding #insurance
www.bloomberg.com/news/article...
New: #Prudential gets a new CEO.
Andrew Sullivan, who held leadership positions in all of the US insurer's businesses since he joined in 2011, will succeed Charles Lowrey at the end of March.
Exclusive #interview with the two executives below:
www.bloomberg.com/news/article...
Andrew Sullivan, who held leadership positions in all of the US insurer's businesses since he joined in 2011, will succeed Charles Lowrey at the end of March.
Exclusive #interview with the two executives below:
www.bloomberg.com/news/article...
Prudential Promotes Andy Sullivan to CEO, Succeeding Lowrey
Prudential Financial Inc. promoted Andy Sullivan to succeed Charlie Lowrey as chief executive officer amid a broader shakeup of the insurer’s top management ranks.
www.bloomberg.com
December 3, 2024 at 9:48 PM
New: #Prudential gets a new CEO.
Andrew Sullivan, who held leadership positions in all of the US insurer's businesses since he joined in 2011, will succeed Charles Lowrey at the end of March.
Exclusive #interview with the two executives below:
www.bloomberg.com/news/article...
Andrew Sullivan, who held leadership positions in all of the US insurer's businesses since he joined in 2011, will succeed Charles Lowrey at the end of March.
Exclusive #interview with the two executives below:
www.bloomberg.com/news/article...
Auto #insurance is poised to become even more expensive under President-elect Donald #Trump’s plan to impose new #tariffs on top US trading partners.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Auto Insurance Costs Seen Rising Further With Trump Tariffs
Auto insurance is poised to become even more expensive under President-elect Donald Trump’s plan to impose new tariffs on top US trading partners.
www.bloomberg.com
November 26, 2024 at 7:10 PM
Auto #insurance is poised to become even more expensive under President-elect Donald #Trump’s plan to impose new #tariffs on top US trading partners.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
My personal trainer just told me “you’re in goods hands, like with Allstate” and oh man I just want to think about something other than US insurance for a minute
November 26, 2024 at 12:35 AM
My personal trainer just told me “you’re in goods hands, like with Allstate” and oh man I just want to think about something other than US insurance for a minute
Reposted by Alexandre Rajbhandari
"State Street Said to Explore Acquisition of SocGen's Custody Arm" by @alexrajbhandari.bsky.social, Jan-Henrik Foerster & Manuel Baigorri for @bloomberg.com: www.bloomberg.com/news/article...
State Street Said to Explore Acquisition of SocGen’s Custody Arm
State Street Corp. is exploring a potential acquisition of Societe Generale SA’s custody business, people with knowledge of the matter said, as the French lender pushes to streamline its operations.
www.bloomberg.com
April 17, 2024 at 3:58 PM
"State Street Said to Explore Acquisition of SocGen's Custody Arm" by @alexrajbhandari.bsky.social, Jan-Henrik Foerster & Manuel Baigorri for @bloomberg.com: www.bloomberg.com/news/article...
The love story between banks and Paris continues.
Following the steps of Wall Street giants after Brexit, Nomura is looking to beef up its trading unit in the French capital next year with new hires.
Following the steps of Wall Street giants after Brexit, Nomura is looking to beef up its trading unit in the French capital next year with new hires.
Nomura Plans to Beef Up Paris Trading Unit With New Hires
Nomura Holdings Inc. is looking to hire new traders in Paris as part of its strategy to expand the markets business in Europe.
www.bloomberg.com
November 20, 2023 at 7:06 PM
The love story between banks and Paris continues.
Following the steps of Wall Street giants after Brexit, Nomura is looking to beef up its trading unit in the French capital next year with new hires.
Following the steps of Wall Street giants after Brexit, Nomura is looking to beef up its trading unit in the French capital next year with new hires.
This will never fail to make me chuckle
November 7, 2023 at 5:00 PM
This will never fail to make me chuckle
Remember two years ago when inflation was deemed "transitory"?
Well, so does Societe Generale.
Up until early 2022, the bank's hedging strategy for its French lending income relied on the assumption that rates would remain low. Things didn't quite go according to plan, and the bill is costly.
Well, so does Societe Generale.
Up until early 2022, the bank's hedging strategy for its French lending income relied on the assumption that rates would remain low. Things didn't quite go according to plan, and the bill is costly.
SocGen Takes Hit From Backfiring Hedges
Societe Generale SA is suffering from two-year-old hedges that weren’t protection after all.
www.bloomberg.com
November 3, 2023 at 11:37 AM
Remember two years ago when inflation was deemed "transitory"?
Well, so does Societe Generale.
Up until early 2022, the bank's hedging strategy for its French lending income relied on the assumption that rates would remain low. Things didn't quite go according to plan, and the bill is costly.
Well, so does Societe Generale.
Up until early 2022, the bank's hedging strategy for its French lending income relied on the assumption that rates would remain low. Things didn't quite go according to plan, and the bill is costly.
Reposted by Alexandre Rajbhandari
