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Alexandre Rajbhandari

@alexrajbhandari.bsky.social
427 followers 950 following 54 posts

Bloomberg reporter covering US insurance - and the growing convergence of the sector with private equity. Views are my own, reposts are not endorsements.

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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 11/09/2026
Exclusive: @warren.senate.gov is pressing insurance regulators to explain how they're policing Wall Street firms’ influence over insurers and their bets on private credit, saying a probe of Mark Walter’s businesses raises questions about regulatory gaps. www.bloomberg.com/news/article...
bloomberg.com
Warren Presses Insurance Watchdogs for Answers Amid Walter Probe
US Senator Elizabeth Warren is pressing the National Association of Insurance Commissioners to explain how it’s policing Wall Street firms’ influence over insurers and their bets on private credit, sa...
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 25/08/2026
Exclusive: When LeBron James signed up to join the Los Angeles Lakers with a $154 million contract in 2018, it wasn’t the biggest deal he did that year. Months before, a company he controls borrowed almost $300 million from a pair of life insurers run by Sammons and advised by an arm of Guggenheim.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 01/06/2026
Eric Andersen landed a job that most insurance executives would have long considered too good to be true: leading a strong AIG. But as he takes over from Peter Zaffino as chief executive officer Monday, he faces a different challenge: a bruised corporate culture. www.bloomberg.com/news/article...
bloomberg.com
Peter Zaffino Saved AIG, Leaving Some Bruises Along the Way
Eric Andersen landed a job that most insurance executives would have long considered too good to be true: leading a strong AIG.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 14/05/2026
Exclusive: Todd Boehly and dozens of his associates contributed more than $300,000 to the Kansas insurance commissioner’s gubernatorial campaign, weeks before her office helped one of the billionaire’s companies win a delay of new capital rules. w/ Zachary Mider www.bloomberg.com/news/article...
bloomberg.com
Billionaire Boehly’s Allies Showered Money on Kansas Official Ahead of Regulatory Action
Todd Boehly and dozens of his associates contributed more than $300,000 to the Kansas insurance commissioner’s gubernatorial campaign, weeks before her office helped one of the billionaire’s companies...
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 30/04/2026
Days before his first annual meeting as the chief executive officer of #Berkshire Hathaway, Greg Abel is facing a problem that seldom confronted his legendary predecessor: a floundering stock price. Story with Georgie McKay www.bloomberg.com/news/article...
bloomberg.com
Berkshire’s Ailing Share Price Clouds Abel’s First Annual Meeting as CEO
Days before his first annual meeting as the chief executive officer of Berkshire Hathaway Inc., Greg Abel is facing a problem that seldom confronted his legendary predecessor: a floundering stock pric...
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 05/03/2026
ICYMI: Berkshire Hathaway's CEO Greg Abel said he will use all of his take-home pay to acquire the conglomerate’s stock for as long as he’s in the role. www.bloomberg.com/news/article...
bloomberg.com
Berkshire’s Abel Vows to Use All His Pay to Buy Firm’s Stock
Berkshire Hathaway Inc. Chief Executive Officer Greg Abel said he will use all of his take-home pay to acquire the conglomerate’s stock for as long as he’s in the role.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 28/02/2026
In Berkshire news, Chief Executive Officer Greg Abel vowed to keep Warren Buffett’s guiding principles intact and sought to reassure investors that the company would outlast the legendary executive. www.bloomberg.com/news/article...
bloomberg.com
Berkshire’s Operating Profit Falls on Insurance Underwriting
Berkshire Hathaway Inc. Chief Executive Officer Greg Abel vowed to keep Warren Buffett’s guiding principles intact and sought to reassure investors that the company would outlast the legendary executi...
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 27/02/2026
Warren Buffett enthusiasts are about to get a taste of what life at Berkshire Hathaway looks like without its legendary chief executive officer.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 27/02/2026
One of the thorniest issues for Warren Buffett's successor Greg Abel is the increasing risk of wildfires across the Western US amid climate change.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 18/02/2026
US insurers have been rushing to buy forward contracts on the dollar as they seek to hedge against the greenback’s increased volatility since the start of the year. #usd #dollar #hedging www.bloomberg.com/news/article...
bloomberg.com
US Insurers’ Dollar Hedging in 2026 Tops ‘Liberation Day’ Fever
Insurers have been rushing to buy forward contracts on the dollar as they seek to hedge against the greenback’s increased volatility since the start of the year.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 17/02/2026
In Warren Buffett news today: Berkshire Hathaway slashed its stake in Amazon by more than 75% in the fourth quarter, while also building a stake in the New York Times, Buffett’s last new bet as chief executive officer of the conglomerate. www.bloomberg.com/news/article...
bloomberg.com
Buffett Slashes Amazon Stake, Makes New Bet on New York Times
Warren Buffett’s Berkshire Hathaway Inc. slashed its stake in Amazon.com Inc. by more than 75% in the fourth quarter, while also building a stake in the New York Times Co., his last new bet as chief e...
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Reposted by Alexandre Rajbhandari
Dónal Griffin @donalgriffin.bsky.social · 08/01/2026
Stenn, the Wall St.-backed invoice-finance firm, was owed ~$1b when it collapsed in Dec. 2024. This was supposedly made up of short-term invoices owed by big corps around the world. Yet admins have only tracked down £93m of it so far. Story via @bloomberg.com Gift link here: tinyurl.com/ycx5ad2j
tinyurl.com
Bulk of Stenn’s $1 Billion Debts Remain Outstanding Amid Probe
Officials overseeing the wind-down of Stenn Technologies, the UK invoice-finance firm backed by Wall Street investors, have recovered about one tenth of the funds owed so far as they continue to probe...
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 10/12/2025
When Greg Abel takes over the reins of Berkshire Hathaway next year, he will oversee a $1 trillion conglomerate with a whooping $382 billion war chest.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 03/12/2025
New development in the PHL saga: State Farm faces a lawsuit accusing it of fraud and unjust enrichment for selling PHL products www.bloomberg.com/news/article...
bloomberg.com
State Farm Sued Over Policies Backed by Distressed Insurer PHL
State Farm Mutual Automobile Insurance Co. faces a lawsuit accusing it of fraud and unjust enrichment for selling products from PHL Variable Insurance Co., which authorities say has a $2.2 billion cap...
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Reposted by Alexandre Rajbhandari
Bloomberg News @bloomberg.com · 21/11/2025
JOIN US TODAY: Do you know where your life insurance money is? As private equity firms take control, they're charting a new Wall Street playbook for your retirement. Bloomberg journalists answer your questions on Nov. 21 at 11 a.m. EST. Stream the Live Q&A here: bloom.bg/3LQxFgh
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 20/11/2025
Day 4 (and last one!) of our series this week on Wall Street's insurance playbook. Today I'm looking at how private equity's $700 billion takeover on US life insurance is sparking fears of systemic risk. www.bloomberg.com/features/202...
bloomberg.com
Private Equity's $700 Billion Insurance Invasion Brings New Risks for Retirees
The retirement accounts and life insurance policies of the average American fueled massive returns. Now experts say the systemic risks are too big to ignore.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 19/11/2025
Day 3 of our series on how Wall Street is transforming the US life insurance industry.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 17/11/2025
Day 2 of @bloomberg.com's series on how Wall Street is reshaping the world of US life insurance.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 17/11/2025
This week, @bloomberg.com is running a series of stories on how the US retirement promise has been quietly rewritten by #WallStreet.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 02/06/2025
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...
bloomberg.com
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.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 23/04/2025
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...
bloomberg.com
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...
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 03/04/2025
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...
bloomberg.com
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.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 03/04/2025
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...
bloomberg.com
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...
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 31/03/2025
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...
bloomberg.com
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.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 14/02/2025
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...
bloomberg.com
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...
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Reposted by Alexandre Rajbhandari
Brian Eckhouse @brianreports.bsky.social · 11/01/2025
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...
byleslieatlarge.bsky.social
Bluesky
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 10/01/2025
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...
bloomberg.com
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.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 09/01/2025
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...
bloomberg.com
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...
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 09/01/2025
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...
bloomberg.com
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.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 20/12/2024
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.
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Allison McNeely @allisonmcneely.bsky.social · 20/12/2024
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...
bloomberg.com
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.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 12/12/2024
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...
bloomberg.com
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.
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Reposted by Alexandre Rajbhandari
Dónal Griffin @donalgriffin.bsky.social · 10/12/2024
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
bloomberg.com
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.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 05/12/2024
Global insurers are expected to pay more than $135 billion for natural catastrophes in 2024, according to a report by the Swiss Re Institute. #climatechange #globalwarming #hurricanes #flooding #insurance www.bloomberg.com/news/article...
bloomberg.com
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.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 03/12/2024
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...
bloomberg.com
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.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 26/11/2024
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...
bloomberg.com
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.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 26/11/2024
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
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Fintech News @fintechnews.bsky.social · 17/04/2024
"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...
bloomberg.com
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.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 20/11/2023
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.
bloomberg.com
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.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 07/11/2023
This will never fail to make me chuckle
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 03/11/2023
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.
bloomberg.com
SocGen Takes Hit From Backfiring Hedges
Societe Generale SA is suffering from two-year-old hedges that weren’t protection after all.
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Reposted by Alexandre Rajbhandari
Alberto Nardelli @albertonardelli.bsky.social · 29/10/2023
😢💔
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 26/10/2023
Over the last decade, payments companies were the darlings of private equity and stock market investors. Not anymore. The market value wipeout for seven of the world’s biggest players reached $80 billion this year.
bloomberg.com
Payments Stocks Wipeout Hits $80 Billion After Worldline Shock
For signs of whether central banks’ efforts to contain inflation are working, look no further than the slump in payments stocks this week.
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Alexandre Rajbhandari @alexrajbhandari.bsky.social · 26/10/2023
BNP Paribas posted weaker revenue from fixed-income trading in the third quarter, adding to evidence that European banks underperformed their Wall Street counterparts in a period of lesser turbulence in markets. www.bloomberg.com/news/article...
bloomberg.com
BNP Paribas Bond Trading Slides as EU Banks Trail US Peers
BNP Paribas SA posted weaker revenue from fixed-income trading in the third quarter, adding to evidence that European banks underperformed their Wall Street counterparts in a period of lesser turbulen...
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Reposted by Alexandre Rajbhandari
Benoît Berthelot @benoitberthelot.bsky.social · 26/10/2023
Debt and Scandal Throw Billionaire Drahi’s Empire Into Turmoil : t.co/mXOrgkLNVW
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