News
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Wind in the sails…
By David BullFeb 28 - (The Insurer) - For at least the last two years certain industry savants have been calling time on the boom period in the E&S and specialty insurance market.But in early 2025 there are few signs of material change in conditions that have been driving double-digit growth.As ...Reuters
Fri, Feb 28
Tim Turner: property and casualty to continue to be key contributors to E&S growth
By David BullFeb 28 - (The Insurer) - Recent events including the LA wildfires and growing exposures in areas of high-value concentrations and high cat risk highlight the need for E&S property solutions, while the challenging loss environment in casualty is another driver of risks into the whole...Reuters
Fri, Feb 28
AM Best: enduring E&S tailwinds mean abundant opportunities for new participants
By David BullFeb 28 - (The Insurer) - AM Best has predicted that the tailwinds driving attractive conditions in the E&S market will be sustained beyond the short term, creating an environment of plentiful opportunities for new players in the sector.In an update on the broader U.S. P&C indust...Reuters
Fri, Feb 28
German parties welcome 'constructive' start to talks towards coalition
By Andreas Rinke and Matthias Williams BERLIN, Feb 28 (Reuters) - German election winner Friedrich Merz's conservatives and outgoing Chancellor Olaf Scholz's Social Democrats (SPD) held "open and constructive" talks towards forming a coalition, a joint statement said on Friday wit...Reuters
Fri, Feb 28
Kinsale sees 'huge' opportunity in E&S homeowners space
By David BullFeb 28 - (The Insurer) - Kinsale is “learning into” opportunities in personal insurance, including E&S homeowners business, according to management at the specialty insurer, which is continuing to see strong new business submission growth even as it reported overall rates were aroun...Reuters
Fri, Feb 28
Plus Therapeutics Inc expected to post a loss of 39 cents a share - Earnings Preview
Plus Therapeutics Inc PSTV.OQ PSTV.O is expected to show a rise in quarterly revenue when it reports results on March 3 (estimated) for the period ending December 31 2024The Austin Texas-based company is expected to report a 48.9% increase in revenue to $1.955 million from $1.31 million a year ago...Reuters
Fri, Feb 28
Eli Lilly takes aim at weight-loss drug copies with new ad campaign
Feb 28 (Reuters) - Eli Lilly LLY.N launched an ad campaign on Friday, cautioning patients against the risks of unapproved weight-loss drugs in its latest attempt to fend off competition from copies of its weight-loss drug.The ad, asking patients to "be a healthy skeptic", was released soon a...Reuters
Fri, Feb 28
Colombia's Grupo SURA sees net profit of up to 1.9 trillion pesos in 2025
Adds information on outlook and context BOGOTA, Feb 28 (Reuters) - Grupo SURA SIS.CN, one of Colombia's largest investment companies, expects a net profit between 1.7 and 1.9 trillion pesos ($412.27 to $460.77 million) in 2025, financial vice president Juan Esteban Toro, said Friday.The esti...Reuters
Fri, Feb 28
Sycamore closing in on Walgreens buyout, CNBC reports
Feb 28 (Reuters) - Private equity firm Sycamore Partners is closing in to buy out Walgreens Boots Alliance WBA.O, CNBC reported on Friday, citing sources.The company had been in talks to be taken private by Sycamore since December, according to media reports.Walgreens did not immediately respond to ...Reuters
Fri, Feb 28
BREAKINGVIEWS-MrBeast buzz risks being new media’s old story
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.By Jennifer SabaNEW YORK, Feb 28 (Reuters Breakingviews) - YouTube sensation MrBeast, best known for beloved-by-kids viral videos in which he gives away bundles of cash, now wants some for himself. His business is s...Reuters
Fri, Feb 28
Mexican security officials to talk on Friday about transfer of suspected drug lord to US
MEXICO CITY, Feb 28 (Reuters) - Mexico's security minister and attorney general will hold a press cartel members, including Rafael Caro Quintero, to the U.S., Mexican President Claudia Sheinbaum said during her daily press conference.Reuters
Fri, Feb 28
SageSure and SURE close $520 million cat bond in largest Gateway Re issuance
By Michael LoneyFeb 28 - (The Insurer) - Catastrophe MGU SageSure and its affiliate SureChoice Underwriters Reciprocal Exchange have closed the $520 million Gateway Re Series 2025-1 catastrophe bond, the ninth and largest issuance in the series to date.SageSure said that the cat bond upsized by near...Reuters
Fri, Feb 28
BRIEF-EMA's CHMP Adopts Stelara Extension For Children With Crohn’S Disease Weighing At Least 40kg
Feb 28 (Reuters) - EMA's CHMP:ADOPTED EXTENSION TO EXISTING INDICATION TO EXTEND USE OF STELARA TO CHILDREN WITH CROHN’S DISEASE WEIGHING AT LEAST 40 KGSource text: [ID:]Further company coverage: JNJ.NReuters
Fri, Feb 28
Deals of the day-Mergers and acquisitions
Adds: Alat, MPLX Updates: Feb 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Friday: ** Saudi Arabia's new advanced industries firm Alat has bought a 15% stake in Germany's TK Elevator and unveiled a 160 million euros ($166.62 m...Reuters
Fri, Feb 28
REFILE-EU to propose push to boost EV demand, require more local batteries
Refiles to remove garble in paragraph 2European Commission to publish automotive action plan next weekPackage aims to help EU compete with Chinese and US car makersIncludes local content requirements for car battery productionBy Philip BlenkinsopBRUSSELS, Feb 28 (Reuters) - The European Commission w...Reuters
Fri, Feb 28
BRIEF-Ferretti sees M&A opportunities in 2025, CEO says
Feb 28 (Reuters) - Ferretti CEO Alberto Galassi tells analysts:SEES IMPORTANT OPPORTUNITIES TO GROW THROUGH M&A IN 2025NOT WORRIED ABOUT POSSIBILE TARIFFS IN U.S., SEEING A POSITIVE MOMENTUM FOR YACHTS IN U.S.Further company coverage: YACHT.MIReuters
Fri, Feb 28
Colombia's Grupo SURA sees net profit of up to 1.9 trillion pesos in 2025
BOGOTA, Feb 28 (Reuters) - Grupo SURA SIS.CN, one of Colombia's largest investment companies, expects a net profit between 1.7 and 1.9 trillion pesos ($412.27 to $460.77 million) in 2025, financial vice president Juan Esteban Toro, said Friday.($1 = 4,123.5200 Colombian pesos)Reuters
Fri, Feb 28
Skype's final call set for May as Microsoft prioritizes Teams
Adds Microsoft response in paragraph 8Feb 28 (Reuters) - Skype will ring for the last time on May 5 as owner Microsoft retires the two-decade-old internet calling service that redefined how people connect across borders.Shutting down Skype will help Microsoft MSFT.O focus on its homegrown Teams serv...Reuters
Fri, Feb 28
