News
Important Only
WTW review underlines escalating PVT risk landscape
By Rebecca DelaneyFeb 28 - (The Insurer) - Rising populism and socioeconomic tensions are expected to drive continued violence and unrest in Europe over the next year, WTW's crisis management annual review said, prompting demand for political violence and terrorism coverage for properties and bu...Reuters
Fri, Feb 28
White House says 29 Mexican cartel members extradited to US
WASHINGTON, Feb 28 (Reuters) - The White House said on Friday that 29 Mexican cartel members were extradited to the United States.In a statement, Press Secretary Karoline Leavitt said the group includes cartel leader Rafael Caro Quintero, who was expected to appear for his first court appearance bef...Reuters
Fri, Feb 28
Silicon Valley Bank's former parent can pursue $1.93 billion FDIC lawsuit
By Jonathan Stempel Feb 28 (Reuters) - Silicon Valley Bank's former parent may pursue a lawsuit to recover $1.93 billion of deposits that the Federal Deposit Insurance Corp seized following the bank's March 2023 collapse, a federal judge ruled.In a decision on Thursday, U.S. District Judg...Reuters
Fri, Feb 28
CRC-ARC E&S deal talks set tone for active year of specialty distribution M&A
By David BullFeb 28 - (The Insurer) - CRC Group’s proposed acquisition of Stone Point Capital stablemate ARC Excess & Surplus is one of a wave of transactions expected in what is set to be a highly active year for specialty distribution M&A, fuelled by strong buyer demand.This publication ex...Reuters
Fri, Feb 28
MarshBerry: E&S to equal or exceed 25% of total commercial US P&C market by 2026
By David BullFeb 28 - (The Insurer) - The E&S market is expected to continue to grow its share of the overall U.S. P&C market due to an elongated period of “moderately hard to firm” rates in which pricing has remained out of equilibrium for longer than expected, according to MarshBerry manag...Reuters
Fri, Feb 28
Lockton Re's Harrison targets France, Middle East in pursuit of organic growth
By Aidan GregoryFeb 28 - Lockton Re plans selective hiring in France, MENAPrivate ownership aids Lockton Re's focus on organic growthLockton Re expects 70% CAGR for 5 years to April 2025(The Insurer) - Lockton Re plans to hire selectively in France and the Middle East as it focuses on organic gr...Reuters
Fri, Feb 28
UN's Guterres - US aid cuts make world less safe
UNITED NATIONS, Feb 28 (Reuters) - United Nations Secretary-General Antonio Guterres said on Friday that he was deeply concerned about severe cuts in U.S. foreign assistance, which he said would be "especially devastating" for the world's vulnerable people."Going through with these c...Reuters
Fri, Feb 28
EXCLUSIVE-Israel lobbies US to keep Russian bases in a 'weak' Syria, sources say
Israel lobbies US to keep Syria weak, decentralised, sources sayIsrael supports Russia's military presence in Syria, sources sayIsrael concerned about Turkey's influence in SyriaBy Maya Gebeily and Humeyra Pamuk BEIRUT/WASHINGTON, Feb 28 (Reuters) - Israel is lobbying the United States to...Reuters
Fri, Feb 28
Chubb’s Westchester names Faynberg to head of pet insurer Healthy Paws
By Mia MacGregorFeb 28 - (The Insurer) - Westchester, Chubb’s excess and surplus lines division, has appointed Alex Faynberg as executive vice president and head of Healthy Paws, the pet insurer it acquired from Aon last year.The appointment is effective March 3.Faynberg is currently division presid...Reuters
Fri, Feb 28
US litigation environment leading to pharma liability rate increases
By George AbbottFeb 28 - (The Insurer) - The current liability landscape in the U.S., driven by nuclear settlements and litigation finance, is causing pharmaceutical insurance rates to rise, members of Allianz's liability team told The Insurer.Arne Holzheuer, expert claims specialist at Allianz,...Reuters
Fri, Feb 28
BRIEF-Google Says On March 14, Gambling In Personalized Ads Category in Policy To Be Updated
Feb 28 (Reuters) - Google:GOOGLE: ON MAR 14, GOOGLE ADS PERSONALIZED ADS POLICY TO ALLOW PERSONALIZATION FOR APP CAMPAIGNS PROMOTING GAMES OF SKILL TO INDIA APP USERS - WEBSITEGOOGLE: WILL BEGIN TO ALLOW THESE ADS ON MARCH 14, 2025 FOR CERTIFIED ADVERTISERSGOOGLE: CERTIFIED ADVERTISERS WILL GAIN ABI...Reuters
Fri, Feb 28
Trump to make English official US language, White House official says
Adds background on Trump and language, paragraphs 4-11By Doina Chiacu WASHINGTON, Feb 28 (Reuters) - President Donald Trump will sign an executive order to make English the official U.S. language, a White House official said on Friday, for the first time in the country's history.The official ...Reuters
Fri, Feb 28
Trump's top federal prosecutor in Washington D.C. demotes senior leaders, sources say
By Sarah N. Lynch and Andrew GoudswardWASHINGTON, Feb 28 (Reuters) - President Donald Trump's top federal prosecutor in Washington, D.C. on Friday demoted top leadership serving in the fraud, public corruption and civil rights section on Friday, sending them back to serve in entry-level position...Reuters
Fri, Feb 28
UniCredit's takeover target Banco BPM secures investor backing to sweeten Anima bid
Changed Anima bid terms would allow UniCredit to walk awayAnima bid's value now up to 1.8 bln euros from up to 1.6 blnTop shareholder Credit Agricole supported moveAdds details in paragraphs 10-14; decline to comment from UniCredit in 7By Andrea Mandala and Valentina Za MILAN, Feb 28 (Reuters...Reuters
Fri, Feb 28
Canada's big banks push for reforms in Ottawa to confront tariff risks
Canadian banks urge removal of internal trade barriersTrump's tariffs could dent Canadian growth, lead to job cutsCanadian banks have sought growth opportunities in USBy Nivedita BaluTORONTO, Feb 28 (Reuters) - Canada's big bank CEOs are urging the federal government to remove internal trade...Reuters
Fri, Feb 28
BRIEF-Firstgroup Anticipates FY 2025 Year-End Adjusted Net Debt Position Of C.£130-135 Million
Feb 28 (Reuters) - FirstGroup PLC FGP.L:FIRSTGROUP PLC: COMPLETION OF RATP LONDON ACQUISITIONFIRSTGROUP PLC: GROUP ANTICIPATES FY 2025 YEAR-END ADJUSTED NET DEBT POSITION OF C.£130-135MSource text: ID:nPRrS4497aFurther company coverage: FGP.LReuters
Fri, Feb 28
MarshBerry: Specialty distribution M&A set to pick up amid strong buyer demand
By David BullFeb 28 - (The Insurer) - After a significant drop in deal volume last year, the number of M&A transactions in the specialty distribution space is expected to pick up this year, according to MarshBerry.Speaking at the firm’s Peak Performance Summit in Park City, Utah earlier this mon...Reuters
Fri, Feb 28
Russia to send new ambassador to Washington in sign of progress with US
Adds context, details on Darchiyev in paragraphs 3-9 Feb 28 (Reuters) - Russia said on Friday it was sending a new ambassador to Washington, the latest sign of a thaw between the two countries as they try to mend their damaged relations and seek an end to the war in Ukraine.The Russian Foreign Mi...Reuters
Fri, Feb 28
Intel delays $28 billion Ohio chip factory to 2030, local media reports
Feb 28 (Reuters) - Intel's INTC.O promised $28 billion chip fabrication plant may not be completed until 2030 and would begin operations sometime shortly thereafter in either 2030 or 2031, local media outlet the Columbus Dispatch reported on Friday.Reuters
Fri, Feb 28
