News
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Exclusive: Incarnation hires Mathies for planned marine hull and machinery MGA
By Chris Munro and Michael JonesJuly 17 - (The Insurer) - Incarnation Specialty Underwriters has hired marine specialist Dennis Mathies as it works to secure capacity for a new MGA that will write hull and machinery business, marine insurance sector sources told Program Manager.Mathies, known as Den...Reuters
Thu, Jul 17
Hong Kong activists' appeal ends, judgement due in nine months
Twelve activists challenge subversion caseLawyers argue they were denied a fair trialCase highlights China's crackdown on dissentGovernment prosecutor cites 'unprecedented conspiracy'By Jessie Pang and James Pomfret HONG KONG, July 17 (Reuters) - A hearing for 12 pro-democracy activis...Reuters
Thu, Jul 17
PRESS DIGEST-Canada - July 17
July 17 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL** Canada's Alimentation Couche-Tard ATD.TO pulled its $46 billion bid to buy Seven & i Holdings 3382.T, say...Reuters
Thu, Jul 17
Novartis nudges up 2025 outlook, no effect from US tariff threat
Drugs Kisqali, Kesimpta drive growthCEO announces $10 billion share buybackCFO Kirsch to retire in March 2026By Miranda Murray and Patricia Weiss BERLIN, July 17 (Reuters) - Swiss drugmaker Novartis NOVN.S nudged up its full-year earnings forecast on Thursday, citing strong second-quarter sales o...Reuters
Thu, Jul 17
Cass Information Systems misses Q2 revenue estimates
OverviewCass Information Systems Q2 revenue missed analyst expectations, per LSEG dataNet income for Q2 rises to $8.9 mln, driven by improved net interest marginCo closed sale of TEM business, gaining $3.6 mln, repurchased 140,269 sharesOutlookCass, which provides payment and information processing ...Reuters
Thu, Jul 17
INVO Fertility Announces A 13 Reverse Stock Split Effective Pre-Market Opening On July 21, 2025
July 17 (Reuters) - INVO Fertility Inc IVF.O:INVO FERTILITY ANNOUNCES A 1:3 REVERSE STOCK SPLIT EFFECTIVE PRE-MARKET OPENING ON JULY 21, 2025INVO FERTILITY INC - STOCK TO TRADE POST-SPLIT UNDER SAME TRADING SYMBOL 'IVF'Reuters
Thu, Jul 17
CRC REDY: broadly soft conditions continue for private D&O, E&O, EPL and cyber
By David BullJuly 17 - (The Insurer) - Soft or softening conditions observed across the private D&O, E&O, EPL and cyber markets during the second quarter are largely expected to remain in place through the remainder of the year, according to CRC Group. The wholesaler’s latest REDY index for ...Reuters
Thu, Jul 17
Navigator Gas Announces Joint Venture With Amon Maritime For Construction Of Two New Ammonia Gas Carriers
July 17 (Reuters) - Navigator Holdings Ltd 1NV.F:NAVIGATOR GAS ANNOUNCES JOINT VENTURE WITH AMON MARITIME FOR CONSTRUCTION OF TWO NEW AMMONIA GAS CARRIERSNAVIGATOR HOLDINGS LTD - BUYS 80% OF NAVIGATOR AMON SHIPPING ASNAVIGATOR HOLDINGS LTD - VESSELS TO OPERATE UNDER LONG-TERM CHARTERS FOR FIVE YEARS...Reuters
Thu, Jul 17
Blue Owl Capital Announces Final Close For Private Offering Of An Alternative Credit Fund
July 17 (Reuters) - Blue Owl Capital Inc OWL.N:BLUE OWL CAPITAL ANNOUNCES FINAL CLOSE FOR PRIVATE OFFERING OF AN ALTERNATIVE CREDIT FUNDBLUE OWL CAPITAL INC - SECURES $850 MILLION IN CAPITAL COMMITMENTSBLUE OWL CAPITAL INC - CLOSES $850 MILLION FOR ALTERNATIVE CREDIT FUNDReuters
Thu, Jul 17
CRC REDY: property softening accelerates but double-digit umbrella/excess increases continue
By David BullJuly 17 - (The Insurer) - CRC Group's latest REDY data has shown contrasting dynamics in the U.S. P&C market, with bigger declines in property pricing in the second quarter but sustained double-digit increases for umbrella/excess casualty business. Renewal pricing for property a...Reuters
Thu, Jul 17
Enlightify Announces Strategic Investment In Cyber Token, Emphasizing Long-Term Commitment To Web3 Infrastructure
July 17 (Reuters) - Enlightify Inc ENFY.N:ENLIGHTIFY INC. ANNOUNCES STRATEGIC INVESTMENT IN CYBER TOKEN, EMPHASIZING LONG-TERM COMMITMENT TO WEB3 INFRASTRUCTUREENLIGHTIFY INC - ANNOUNCES $20 MILLION INVESTMENT IN CYBER TOKENENLIGHTIFY INC - INVESTMENT WILL NOT EXCEED $20 MILLION USING DOLLAR-COST AV...Reuters
Thu, Jul 17
Bank7 Q2 net income rises 7.44% on higher loan growth
OverviewBank7 Q2 net income rises 7.44% to $11.1 mlnEarnings per share increases 7.41% to $1.16Total loans grow 5.17% to $1.5 blnOutlookCompany emphasizes resilience in dynamic geographic marketsResult DriversORGANIC LOAN GROWTH - Bank7 reports strong organic loan growth, contributing to a 5.17% inc...Reuters
Thu, Jul 17
US informs Switzerland about delay in delivery of Patriot systems, says ministry
BERLIN, July 17 (Reuters) - The United States has informed Switzerland about delays to the delivery of Patriot air defence systems, the Swiss defence ministry said in a statement released on Thursday."The United States Department of Defense has informed the (Swiss ministry) that it will repriori...Reuters
Thu, Jul 17
FACTBOX-Zuckerberg's Meta Superintelligence Labs poaches top AI talent in Silicon Valley
July 17 (Reuters) - Meta META.O CEO Mark Zuckerberg has pledged hundreds of billions of dollars towards building massive data centers, days after ratcheting up the AI race with the launch of a division made up of engineers poached from rivals he hopes to challenge. Zuckerbe...Reuters
Thu, Jul 17
Travelers' combined ratio improves to 90.3% in Q2 earnings beat
$6.51 core EPS beats $3.65 consensus and Q2 2024's $2.51Combined ratio improves to 90.3% from 100.2% a year ago$927 million pre-tax cat losses down from $1.51 billion in Q2 2024$315 million favourable prior year reserve development up from $230 millionBusiness insurance renewal premium change de...Reuters
Thu, Jul 17
RPT-BREAKINGVIEWS-Meta’s buy-and-build AI merger lacks synergy
By Jennifer Saba NEW YORK, July 16 (Reuters Breakingviews) - Mark Zuckerberg’s latest merger will be incredibly hard to engineer successfully. The Meta Platforms META.O boss is trying to combine buying and building to turbocharge his ambitions in artificial intelligence. Although he created the ...Reuters
Thu, Jul 17
RPT-BREAKINGVIEWS-Morgan Stanley is sensibly out of fashion
By Stephen Gandel NEW YORK, July 16 (Reuters Breakingviews) - Morgan Stanley MS.N is going out of fashion. The deal consigliere and money manager commanded a 50% valuation premium to Goldman Sachs GS.N three years ago and a smaller one to JPMorgan JPM.N. The gap has narrowed considerably against ...Reuters
Thu, Jul 17
RPT-BREAKINGVIEWS-Couche-Tard should have gone hostile on Seven & i
By Una Galani HONG KONG, July 17 (Reuters Breakingviews) - Be bold and go hostile, or don't bother at all. That's the message Canada's Alimentation Couche-Tard ATD.TO is sending to foreigners eyeing acquisitions of Japanese companies. The company's withdrawal on Wednesday of its $...Reuters
Thu, Jul 17
Clearside Biomedical Inc - All Employees To Transition To Consulting Roles - SEC Filing
Clearside Biomedical Inc CLSD.O:CLEARSIDE BIOMEDICAL INC - ALL EMPLOYEES TO TRANSITION TO CONSULTING ROLES - SEC FILINGCLEARSIDE BIOMEDICAL INC - ESTIMATES $3.4 MILLION IN TERMINATION COSTS - SEC FILINGCLEARSIDE BIOMEDICAL INC: REDUCTION IN FORCE IS EXPECTED TO BE COMPLETED DURING Q3 OF 2025Source t...Reuters
Thu, Jul 17
