News
Important Only
CORRECTED-Tech and AI playing pivotal role in Zurich NA’s midmarket push
By Chris MunroJuly 14 - (The Insurer) - Harnessing technology like artificial intelligence is proving to be a key enabler in Zurich North America’s effort to broaden its U.S. middle market footprint as it means underwriters can spend more time in the field with brokers and clients, its head of under...Reuters
Wed, Jul 16
FDA staff raises efficacy concerns for Otsuka's PTSD combination treatment
July 16 (Reuters) - The U.S. Food and Drug Administration's reviewers on Wednesday raised efficacy concerns over the use of Otsuka Pharma's 4578.T drug in combination with Viatris' VTRS.O Zoloft for the treatment of adults with PTSD.The FDA staff's assessment comes ahead of a meeting...Reuters
Wed, Jul 16
US Health Secretary Kennedy fires two top leaders in latest department shakeup
July 16 (Reuters) - U.S. Health and Human Services Secretary Robert F. Kennedy Jr. has fired two top leaders at the department, chief of staff Heather Flick Melanson and deputy chief of staff for policy Hannah Anderson, a spokesperson told Reuters on Wednesday. Matt Buckham, who currently serves as ...Reuters
Wed, Jul 16
Lula's approval ticks up in Brazil after Trump threatens tariffs, poll shows
SAO PAULO, July 16 (Reuters) - Approval for Brazilian President Luiz Inacio Lula da Silva's government rose for the first time this year, a new poll showed on Wednesday, after his U.S. counterpart Donald Trump announced a 50% tariff on imports from Brazil starting in August.The Quaest poll c...Reuters
Wed, Jul 16
Venbrook gets DB Insurance capacity for California condo and townhome programs
By Isha MaratheJuly 16 - (The Insurer) - Venbrook Group Partners has entered into a strategic capacity partnership with DB Insurance to launch admitted specialty coverage options for multi-unit residential properties in California. The Venbrook-designed product is tailored for condominium and t...Reuters
Wed, Jul 16
EUROPE RESEARCH ROUNDUP-Azelis, Barratt Redrow, ArcelorMittal
July 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Azelis, Barratt Redrow and ArcelorMittal, on Wednesday. HIGHLIGHTS * Azelis AZE.BR: Deutsche Bank raises to buy from hold* Barratt Redrow Plc BTRW.L: Peel Hunt raises to buy fro...Reuters
Wed, Jul 16
Trump administration needs another $19 billion to fully revamp air traffic control
WASHINGTON, July 16 (Reuters) - U.S. Transportation Secretary Sean Duffy on Wednesday called on Congress to award another $19 billion to overhaul the aging U.S. air traffic control system after Congress approved an initial $12.5 billion over five years in funding."We're talking $31.5 billion...Reuters
Wed, Jul 16
Fusion Specialty names Berkshire Hathaway's Underhill as head of Americas
By Ashish TiwariJuly 16 - (The Insurer) - Fusion Specialty Insurance has appointed Robert Underhill as head of Americas, the M&A-focused MGA said on Wednesday.Underhill joins from Berkshire Hathaway Specialty Insurance, where he worked for nine years as global head of transactional liability. He...Reuters
Wed, Jul 16
Golf-R&A discussed Turnberry British Open with Trump's son
PORTRUSH, Northern Ireland, July 16 (Reuters) - R&A officials met with the son of U.S. President Donald Trump this year to discuss the possibility of golf's British Open returning to Turnberry, R&A Chief Executive Mark Darbon said on Wednesday.The Scottish course last staged the tourname...Reuters
Wed, Jul 16
CORRECTED-Johnson & Johnson beats profit estimates on strong Darzalex, medtech sales
By Michael ErmanJuly 16 (Reuters) - Johnson & Johnson JNJ.N reported second-quarter profit and raised its full-year sales forecast by around $2 billion on Wednesday as strong demand for its cancer drug, Darzalex, and strength in its medical device business helped it beat Wall Street expectations...Reuters
Wed, Jul 16
Progressive's Q2 net income more than doubles, combined ratio improves to 86.2%
By Ashish TiwariJuly 16 - (The Insurer) - Progressive reported a 118% increase in its quarterly net profit on Wednesday, along with strong premium growth and a 5.2 percentage point improvement in its combined ratio to 86.2%.Progressive’s net income for the second quarter increased to $3.18 billion, ...Reuters
Wed, Jul 16
Bank of America profit beats estimates as market turmoil boosts trading
BofA's trading revenue jumps 15%Investment banking fees lag rivals, slide 9%Net interest income grows 7% to $14.7 billionBy Pritam Biswas, Nupur Anand, Arasu Kannagi BasilJuly 16 (Reuters) - Bank of America BAC.N beat estimates for second-quarter profit on Wednesday, driven by tumultuous markets...Reuters
Wed, Jul 16
Clyde & Co names Roberts to chair UK insurance practice
By Ashish TiwariJuly 16 - (The Insurer) - Global law firm Clyde & Co has appointed Ian Roberts as chair of its UK insurance practice, the company announced on Wednesday.The newly created position is designed to help boost Clyde & Co’s growth plans in the UK insurance sector.In his new role, ...Reuters
Wed, Jul 16
Eswatini says it is holding U.S. deportees in prisons, aims to repatriate them
MBABANE, July 16 (Reuters) - Eswatini's government said on Wednesday that it was holding five third-country nationals deported from the United States in isolated prison units under a deal with President Donald Trump's administration, but sought to eventually send them home.The U.S. Homeland ...Reuters
Wed, Jul 16
US again asks Israel to halt Syria strikes, Axios reports
July 16 (Reuters) - U.S. President Donald Trump's administration asked Israel again on Wednesday to halt strikes on Syria and engage in dialogue with the government in Damascus, Axios reported, citing a senior U.S. official. Axios did not say whether that request came before or after Israeli str...Reuters
Wed, Jul 16
EU proposes 2 trillion seven-year EU budget, says Budget Commissioner
BRUSSELS, July 16 (Reuters) - The European Commission on Wednesday proposed a 2 trillion euro seven-year EU budget, EU Budget Commissioner Piotr Serafin said, kicking off a long and contentious negotiating process as the bloc seeks to invest more in new priorities such as defence and innovation.An a...Reuters
Wed, Jul 16
Greene County Bancorp Says Annual Dividend Rate Increased By 11.1% To $0.40 Per Share
July 16 (Reuters) - Greene County Bancorp Inc GCBC.O:GREENE COUNTY BANCORP INC - ANNOUNCES QTRLY $0.10 PER SHARE DIVIDENDGREENE COUNTY BANCORP, INC. ANNOUNCES CASH DIVIDEND INCREASEGREENE COUNTY BANCORP INC - ANNUAL DIVIDEND RATE INCREASED BY 11.1% TO $0.40 PER SHAREReuters
Wed, Jul 16
ANALYSIS-Zelenskiy aims to woo both public and Trump with fresh-faced Ukraine cabinet
Parliament to approve first new prime minister in five yearsPM tasked with boosting arms and economy, winning over TrumpUkrainians want political change but reject wartime electionsBy Dan Peleschuk KYIV, July 16 (Reuters) - Ukraine will get its first new prime minister of the war on Thursday, as ...Reuters
Wed, Jul 16
