Berkshire Hathaway reported a stunning 34% rise in operating profit, reaching $13.485 billion, while cash reserves hit a new record. Despite market fluctuations, Buffett's strategic decisions continue to shape the future.
AIG's new agreement with Everest marks a significant step in transforming the insurance giant under CEO Peter Zaffino, aiming for growth while managing risk and operational efficiency. The deal allows AIG to expand its client base without inheriting past liabilities.