TimesSquare Capital Management, an equity investment management company, released its “U.S. Focus Growth Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the third quarter, all the major asset classes posted positive returns except fixed income assets outside the US. The strategy returned 4.00% (gross) and 3.78% (net) compared to a 2.78% return for the Russell Midcap Growth Index. In addition, please check the fund’s top five holdings to know its best picks in 20 ...

Commercial Lines Insurance Pricing Survey: Q3 2025NEW YORK, Dec. 15, 2025 (GLOBE NEWSWIRE) -- U.S. commercial insurance rates remained at a 3.8% increase in the third quarter of 2025, continuing the downward trend from the previous two quarters (3.8% in Q2 2025 and 5.3% in Q1 2025), according to the latest findings from WTW's Commercial Lines Insurance Pricing Survey (CLIPS). The survey compares premiums for policies underwritten in a given quarter compared with the same coverage lines in the prior year, pr ...

With increasing inflation and cost of living, retirees and those planning for retirement are searching for safe, reliable investments to protect their savings. Few investors are as trusted during economic uncertainty as Warren Buffett, the legendary chairman of Berkshire Hathaway and soon-to-be retiree himself. For You: Self-Made Millionaires Suggest 5 Stocks You Should Never Sell Check Out: 6 Safe Accounts Proven To Grow Your Money Up To 13x Faster Known for his disciplined approach and focus on long-te ...

以下文章来源于笔记财经晨会 ，作者笔记小助手 笔记财经晨会 . 每个交易日早晨发布音频《笔记晨会》及文字《笔记早餐》。 【笔记大咖局|观点汇总】 1、如何看待后续权益市场？ ①全球主要经济体股市普遍下跌，核心扰动来自投资者对美联储降息节奏的预期反复摇摆和市场对AI资产是否存在泡沫的担忧。AI科技革命与能源革命 从上游原材料到中游制造形成了坚实的需求支撑成长产业在高景气将带动上市公司业绩持续改善。 ②年末需密切留意房地产促销费等相关领域的政策信号。 ③11月光伏各环节价格均环比持平，消费品领域传统消费景气度有待提振。 ④金融板块中行业银行凭借高股息属性吸引中长期资金配置。 中金公司： 聚焦人工智能应用落地环节， 关注国产算力光模块云计算基础设施以及机器人电子消费。 浙商证券： 宽基指数多数实现上涨，其中创业板指涨幅居前。股票ETF呈现净流出，量化指标显示科创显示，创业板指估值相对偏低。 证券类ETF份额 进一步增至1525亿份，但目前其上涨力度尚未能确认是反弹还是主升行情。 申万宏源： 近期保险行业迎来重要政策的调整， 保险公司持有特定标的风险因子出现下调。 2、宏观固收观点如何？ ①美联储发布最新利率决议，宣 ...

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, Dec. 15:The Allstate Corporation (ALL) : This insurance company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 23.1% over the last 60 days.Allstate has a PEG ratio of 0.39 compared with 1.75 for the industry. The company possesses a  Growth Score of B.Great Lakes Dredge & Dock Corporation (GLDD) : This dredging services company carries a Za ...

Core Insights - Ping An Insurance has received the Award of Excellence in ESG for the third time, recognizing its leadership in corporate governance and sustainable development [1][2] - The company has integrated ESG principles into its corporate strategy and set five-year sustainability goals, demonstrating a commitment to green finance and low-carbon operations [2][3] Corporate Governance - Ping An maintains rigorous corporate governance standards aligned with international best practices, with a board composed of experts from various fields [3] - ESG governance is led at the board level, ensuring full responsibility for ESG strategy and performance metrics integrated into executive reviews [3] Shareholder Returns - Since going public, Ping An has returned over RMB 400 billion in dividends, with a compound annual growth rate of cash dividends at 4.3% over the past five years [4] Green Finance Initiatives - By June 2025, Ping An's green investments totaled RMB 144.482 billion, with green loan balances at RMB 251.746 billion and green insurance premium income reaching RMB 55.279 billion in the first three quarters [5] Carbon Reduction Efforts - In 2024, Ping An reduced total greenhouse gas emissions to 439,291 tons, an 8% decrease year-on-year, and implemented a carbon account platform for employees [6] Climate Risk Management - The company developed the "EagleX" climate risk management system, which identified 3,619 high-risk disasters in 2024 and sent out 10.5 billion disaster alerts, significantly reducing potential losses [7] Social Responsibility - Ping An has built 119 "Ping An Hope Schools," provided vocational training to over 20,000 rural teachers, and invested over RMB 52 billion in industrial revitalization to support rural communities [8][9] Inclusive Finance - The company provided comprehensive risk protection to nearly 2.4 million micro and small businesses, processed over 900,000 claims, and served 782,000 micro and small enterprise loan clients [10] Future Strategy - Ping An aims to deepen its dual-engine strategy of integrated finance and health and senior care, enhancing its ESG management system and advancing green and inclusive finance [11]

DUAL Europe, part of Howden, has appointed Amaury Berhault and Jaume Benajiba as managing directors to oversee its transactional liability insurance operations in Europe. Both Berhault and Benajiba have more than 17 years of experience in transactional liability underwriting. They were previously with Acquinex, where they served as co-heads for southern Europe and Latin America and were members of the company’s European management team. Berhault previously managed the southern European practice at ANV, ...

Combs was the CEO of GEICO Insurance and also helped manage 10% of Berkshire's enormous equities portfolio.Earlier this year, Warren Buffett announced that he would step down as chief executive officer of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) after six decades at the helm of the company. If investors didn't think the times were changing then, they likely know now. Recently, Berkshire announced a major shake-up to its core management group. Todd Combs, who joined Berkshire in 2010 and managed a port ...

Core Viewpoint - December is historically a favorable month for stocks, with the S&P 500 averaging a gain of 0.6% over the past 20 years, but the Financial Select Sector SPDR ETF (XLF) may face increased risks as the month progresses [1][2]. ETF Performance and Historical Context - The Financial Select Sector SPDR ETF has increased by nearly 3% month-to-date and has averaged a December gain of 1.47% since 2010, indicating that December weakness is not typical for this fund [4][5]. Holdings and Sector Risks - U.S. Bancorp and Moody's, significant holdings in the ETF, have historically underperformed in the latter half of December, which could pose risks to the ETF's performance [6]. - The recent Federal Reserve interest rate cuts may negatively impact banks and insurance companies, which constitute over 40% of the ETF's holdings, leading to potential lower returns [8][9]. - A decrease in consumer holiday spending could adversely affect the ETF, as four of the top five U.S. credit card issuers are among its top holdings [9]. Key Holdings and Leadership Changes - Berkshire Hathaway is the largest holding in the ETF, accounting for 11.6% of its weight, but its performance has been hampered this year, with shares only up 9.21% [10]. - The retirement of CEO Warren Buffett and recent executive departures at Berkshire could introduce additional challenges for the ETF in December [11].

Core Insights - Pen Underwriting has renewed its partnership with Zurich in the UK through a revised multi-year capacity agreement focused on specialist fleet insurance [1][2] - The agreement allows Pen to underwrite over £350 million in premiums over the next five years, expanding its capacity to include passenger transport risks [2][3] - The updated agreement enhances delegated underwriting and claims authority, improving decision-making and broker interaction [4] Partnership Details - The partnership has supported motor fleet risks in hazardous goods, tanker, and environmental sectors for over 30 years [1] - From January 1, 2026, Zurich will provide capacity for Pen's wider fleet book, including coaches, buses, and minibuses [1][2] - The agreement allows Pen to place terms on new fleet risks from existing clients with established relationships in other product areas [2] Strategic Importance - Pen Underwriting's managing director highlighted the importance of Zurich's ongoing capacity commitment for hazardous and bulk liquid fleet risks [3] - The collaboration aims to provide sustainable solutions and responsive service in sectors with potential for complex claims [4] - The previous support from Zurich was limited to hazardous goods and environmental operators, which included various industries such as chemicals and fuels [5] Additional Developments - Pen and Zurich have a similar arrangement in the Republic of Ireland covering comparable sectors [6] - In May, Pen Underwriting launched Pen Protect, a cyber risk management platform offering enhanced tools for policyholders worldwide [6]