News
Important Only
ADVISORY-Alert wrongly tagged to Phoenix Financial Ltd withdrawn
An alert on direct-to-consumer platform PHOENIX appointing its CEO was inadvertently tagged to Israel-based holding company, Phoenix Financial Ltd PHOE.TA, and has been withdrawn.There will be no substitute.STORY_NUMBER:nTUABJBX0BSTORY_DATE:10/02/2025STORY_TIME:04:00:10 PM GMTReuters
Mon, Feb 10
Hub acquires MO-based Yavitz Insurance
By Mia MacGregorFeb 10 - (The Insurer) - Hub International Limited has acquired the assets of St. Louis, Missouri-based Yavitz Insurance Group.Terms of the transaction were not disclosed.Founded in 1921, Yavitz Insurance is a privately owned agency offering commercial and personal insurance solution...Reuters
Mon, Feb 10
TMHCC names BHSI’s Hamlin as president of US hospital professional liability unit
By Mia MacGregorFeb 10 - (The Insurer) - Tokio Marine HCC has brought in Greg Hamlin from Berkshire Hathaway Specialty Insurance as president of its newly launched healthcare professional liability business.Based in New York City, Hamlin will report to Susan Rivera, CEO of TMHCC.Hamlin joins the com...Reuters
Mon, Feb 10
Lockton Re calls for "open and honest debate" on need for government cyber backstops
By Michael JonesFeb 10 - (The Insurer) - Lockton Re has called for an "open and honest debate" around the creation of government-backed cyber risk pools to bolster confidence within the private market and spur competition.Government-backed catastrophic cyber response needed for market expans...Reuters
Mon, Feb 10
BRIEF-Saba Capital Intends To Requisition GM At 4 U.K.-Listed Trusts
Feb 10 (Reuters) - CQS Natural Resources Growth and Income PLC CYNL.L:SABA CAPITAL:INTENTION TO REQUISITION GENERAL MEETINGS AT 4 U.K.-LISTED TRUSTS TO PROVIDE LIQUIDITY FOR SHAREHOLDERS VIA OPEN-ENDED FUND TRANSITIONSABA CAPITAL:REQUISITION BOARDS OF CQS NATURAL RESOURCES, EUROPEAN SMALLER COMPANIE...Reuters
Mon, Feb 10
Applied: Average renewal rates declined across five key Canadian coverages in Q4
By Chris MunroFeb 10 - (The Insurer) - Average renewal rate rises across the five major lines of Canadian insurance coverage tracked by the Applied Commercial Index all dipped in Q4 on the prior-year period, although mean pricing in the business and professional services (BPS) segment ticked up comp...Reuters
Mon, Feb 10
CA Fair Plan paid out more than $700mn in LA wildfire losses so far
By Michael LoneyFeb 10 - (The Insurer) - The California Fair Plan has paid more than $700mn to policyholders from the Palisades and Eaton fires wildfires so far, moving it closer to the $900mn deductible on its reinsurance cover.The independent, not-for-profit catastrophe insurer of last resort said...Reuters
Mon, Feb 10
BRIEF-Microsoft Hit By French Antitrust Probe Over Rivals' Bing Access- Bloomberg News
Feb 10 (Reuters) - MICROSOFT HIT BY FRENCH ANTITRUST PROBE OVER RIVALS' BING ACCESS- BLOOMBERG NEWSMICROSOFT UNDER FRANCE INVESTIGATION OVER DEGRADING RESULTS QUALITY WHEN SMALLER COS PAY TO USE BING IN SEARCH-ENGINE PRODUCTS - BLOOMBERG NEWSSource https://tinyurl.com/389dpwd7Reuters
Mon, Feb 10
CANADA RESEARCH ROUNDUP-Autocanada, Boyd Group, Canopy Growth
Feb 10 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies, including Autocanada, Boyd Group Services and Canopy Growth Corp, on Monday. HIGHLIGHTS * Autocanada Inc ACQ.TO: CIBC raises target price to C$17 from C$16* Boyd Group Services Inc B...Reuters
Mon, Feb 10
BRIEF-The Capital Group Companies Discloses 16.1% Stake In British American Tobacco As At Feb.6, Says Filing
Feb 10 (Reuters) - British American Tobacco PLC BATS.L:THE CAPITAL GROUP COMPANIES DISCLOSES 16.1% STAKE IN BRITISH AMERICAN TOBACCO AS AT FEB.6 VERSUS PRIOR STAKE OF 15% - FILINGSource text: ID:nRSJ5674WaFurther company coverage: BATS.LReuters
Mon, Feb 10
Salesforce plans $500 million in AI-related investments in Saudi Arabia
Feb 10 (Reuters) - Cloud software seller Salesforce CRM.N said on Monday that it plans to invest $500 million in Saudi Arabia related to artificial intelligence, as countries compete to secure investments in the nascent but critical technology.As part of the investment, Salesforce will introduce Hyp...Reuters
Mon, Feb 10
ADVISORY-Alert wrongly tagged to Arcadia Biosciences withdrawn
An alert on data and energy solutions firm Arcadia acquiring RPD Energy was inadvertently tagged to Arcadia Biosciences RKDA.O, an unrelated company, and has been withdrawn.There will be no substitute.STORY_NUMBER: nTUABTYFF5STORY_DATE: 10/02/2025STORY_TIME: 1500 GMTReuters
Mon, Feb 10
Alta Signa grows cyber offering with Louche hire
By Ryan HewlettFeb 10 - (The Insurer) - European boutique MGA Alta Signa has added Audrey Louche to its growing cyber division as an underwriter.Based in France, Louche brings expertise in underwriting cyber risks, most recently at Cogitanda, Assurup and Chubb.In her new role, Louche will help to sh...Reuters
Mon, Feb 10
Insurers pay out £585mn for UK weather claims in 2024: ABI
By Ryan HewlettFeb 10 - (The Insurer) - Insurers paid out £585mn ($723.9mn) for weather-related damage to policyholders’ homes and possessions in the UK over 2024, according to new data from the Association of British Insurers (ABI) which issued a fresh call on government for greater investment into...Reuters
Mon, Feb 10
BRIEF-Lithium Africa Resources Announces Intention To Complete Listing On A Canadian Stock Exchange
Feb 10 (Reuters) - Lithium Africa Resources Corp:LITHIUM AFRICA RESOURCES CORP. ANNOUNCES $6M EQUITY FINANCING AND INTENTION TO COMPLETE A LISTING ON A CANADIAN STOCK EXCHANGESource text: ID:nCNWVdGG6aReuters
Mon, Feb 10
Epic expands private client practice with Chartwell acquisition
By Michael LoneyFeb 10 - (The Insurer) - Epic Insurance Brokers & Consultants has acquired Chicago-based Chartwell Insurance Services, which specialises in personal property and liability solutions for individuals and families.Epic said that the acquisition expands its private client practice, e...Reuters
Mon, Feb 10
BRIEF-FDA Alerts Healthcare Professionals On Risk Of Medication Errors With Tranexamic Acid Injection Resulting In Inadvertent Intrathecal Injection
Feb 10 - FDA:FDA ALERT HEALTHCARE PROFESSIONALS ON RISK OF MEDICATION ERRORS WITH TRANEXAMIC ACID INJECTION RESULTING IN INADVERTENT INTRATHECAL (SPINAL) INJECTIONFDA: MEDICATION ERRORS DUE TO TRANEXAMIC ACID INJECTION BEING ERRONEOUSLY ADMINISTERED HAVE RESULTED IN SEVERE OUTCOMES, INCLUDING DEATH,...Reuters
Mon, Feb 10
MS Amlin launches MENA-focused CPRI offering
By Michael JonesFeb 10 - (The Insurer) - MS Amlin has launched a credit and political risk insurance (CPRI) offering in Dubai as part of its expansion in the Middle East and North Africa (MENA) region.The new offering will be led by Osama Elshiekh as senior underwriter for CPRI. He will report to Vi...Reuters
Mon, Feb 10
Aviva names Fazzini-Jones as group COO
By Rebecca DelaneyFeb 10 - (The Insurer) - UK insurer Aviva has appointed Craig Fazzini-Jones as group COO, effective 1 March.As a member of Aviva's group executive committee, in his new role Fazzini-Jones will be responsible for overseeing Aviva’s transformation delivery, as well as procurement...Reuters
Mon, Feb 10
