News
Important Only
Skyward delivers 21% Q4 GWP growth and 91.6% adj CR along with R&Q commutation
By James ThalerFeb 5 - (The Insurer) - Skyward Specialty preannounced Wednesday that it grew gross premiums written by 20.8 percent to $388.4mn in Q4 and delivered a 91.6 percent adjusted combined ratio, while disclosing it has commuted its loss portfolio transfer deal with R&Q. As part of the c...Reuters
Wed, Feb 5
EXPLAINER-What to know about Trump's Gaza Strip proposal
WASHINGTON, Feb 5 (Reuters) - President Donald Trump's plan for the United States to "take over" Gaza, permanently displacing Palestinians who live there and creating the "Riviera of the Middle East," has upset Arab nations and Western allies and would overturn decades of America...Reuters
Wed, Feb 5
Fed releases 2025 bank stress test scenarios
WASHINGTON, Feb 5 (Reuters) - The Federal Reserve announced on Wednesday it would be testing big banks against heightened stress in commercial and residential real estate markets as part of its annual stress tests.The Fed added the annual exams would include an additional exploratory component that ...Reuters
Wed, Feb 5
Trump's Gaza 'Riviera' echoes Kushner waterfront property dreams
Kushner sees valuable Gaza waterfront, Trump previously said could be "better than Monaco"Saudi Arabia doubts plan's feasibility, source saysGulf countries refuse Gaza investment without Palestinian state pathwayBy James Mackenzie JERUSALEM, Feb 5 (Reuters) - U.S. President Donald Tru...Reuters
Wed, Feb 5
AFG estimates <$70mn CA wildfire hit, blames excess liability unit for adverse development
By Chris MunroFeb 5 - (The Insurer) - American Financial Group (AFG) has pegged its losses from the California wildfires at $60mn to $70mn, while the company’s management has laid the blame for its Q4 2024 adverse reserve at a unit focused on writing excess liability business for Fortune 500 and For...Reuters
Wed, Feb 5
BRIEF-Envista Holdings Authorizes $250 Million Stock Repurchase Program Through 2026
Feb 5 (Reuters) - Envista Holdings Corp NVST.N:ENVISTA HOLDINGS CORP - AUTHORIZES $250 MILLION STOCK REPURCHASE PROGRAM THROUGH 2026Source text: [ID:n0001757073-25-000006]Further company coverage: NVST.NReuters
Wed, Feb 5
BRIEF-Hyzon Motors Names Christian Mohrdieck As President And Acting CEO
Feb 5 (Reuters) - Hyzon Motors Inc HYZN.O:HYZON MOTORS INC - ON FEBRUARY 4, PARKER MEEKS RESIGNED AS CEO AND DIRECTOR OF HYZON MOTORSHYZON MOTORS INC - APPOINTS CHRISTIAN MOHRDIECK AS PRESIDENT AND ACTING CEOSource text: [ID:n0001716583-25-000021]Further company coverage: HYZN.OReuters
Wed, Feb 5
BRIEF-Allstate Jan California Wildfires Related Losses Are Expected To Be About $1.1 Billion, Pre-Tax, Net Of Reinsurance
Feb 5 (Reuters) - Allstate Corp ALL.N:ALLSTATE CORP - Q4 REVENUES $16.5 BILLIONALLSTATE CORP - Q4 ADJUSTED EPS $7.67ALLSTATE: JAN CALIFORNIA WILDFIRES RELATED LOSSES ARE EXPECTED TO BE ABOUT $1.1 BILLION, PRE-TAX, NET OF REINSURANCESource text: [ID:n0000899051-25-000009]Further company coverage: ALL...Reuters
Wed, Feb 5
BRIEF-Indaptus Therapeutics Files Prospectus Relating To Proposed Resale By Selling Stockholders Of Up To 4.4 Million Shares
Feb 5 (Reuters) - Indaptus Therapeutics Inc INDP.O:INDAPTUS THERAPEUTICS INC: FILES PROSPECTUS RELATING TO PROPOSED RESALE BY SELLING STOCKHOLDERS OF UP TO 4.4 MILLION SHARESSource text: [ID:n0001493152-25-005016]Further company coverage: INDP.OReuters
Wed, Feb 5
BRIEF-CB Financial Services Names Amanda Engles Interim CFO
Feb 5 (Reuters) - CB Financial Services Inc CBFV.O:CB FINANCIAL SERVICES INC - JAMIE L. PRAH RESIGNS AS CFO OF CB FINANCIAL SERVICESCB FINANCIAL SERVICES INC - AMANDA ENGLES APPOINTED INTERIM CFO OF CB FINANCIAL SERVICESCB FINANCIAL SERVICES INC: ANNOUNCED INTERNALLY A REDUCTION IN FORCE INVOLVING S...Reuters
Wed, Feb 5
BRIEF-Lion One Announces Overnight Marketed Offering
Feb 5 (Reuters) - Lion One Metals Ltd LIO.V:LION ONE ANNOUNCES OVERNIGHT MARKETED OFFERINGLION ONE METALS LTD - COMMENCES OVERNIGHT MARKETED OFFERING FOR UP TO C$7.5 MILLIONLION ONE METALS LTD - TO ISSUE UP TO 22,058,824 UNITS AT C$0.34 PER UNITSource text: ID:nCNW8bh9vaFurther company coverage: LIO...Reuters
Wed, Feb 5
BRIEF-Bank Of America Announces Full Redemption Of Its Series Aa Preferred Stock And Related Depositary Shares
Feb 5 (Reuters) - Bank of America Corp BAC.N:BANK OF AMERICA ANNOUNCES FULL REDEMPTION OF ITS SERIES AA PREFERRED STOCK AND RELATED DEPOSITARY SHARESSource text: ID:nPn92jBq4aFurther company coverage: BAC.NReuters
Wed, Feb 5
BRIEF-Myriad Genetics Announces Two New Patents Granted For Its Molecular Residual Disease (MRD) Assay
Feb 5 (Reuters) - Myriad Genetics Inc MYGN.O:MYRIAD GENETICS ANNOUNCES TWO NEW PATENTS GRANTED FOR ITS MOLECULAR RESIDUAL DISEASE (MRD) ASSAYSource text: ID:nGNX20YtBbFurther company coverage: MYGN.OReuters
Wed, Feb 5
BRIEF-Sonos Announces Reorganization And 12% Workforce Reduction
Feb 5 (Reuters) - Sonos Inc SONO.O:SONOS INC - ANNOUNCES REORGANIZATION AND 12% WORKFORCE REDUCTIONSONOS INC - EXPECTS $15-$18 MILLION IN RESTRUCTURING CHARGESSONOS INC - TO INCUR RESTRUCTURING CHARGES IN Q2 FISCAL 2025Source text: [ID:n0001314727-25-000019]Further company coverage: SONO.OReuters
Wed, Feb 5
NFL-League heralds helmet technology for reduction in concussion cases
By Amy Tennery NEW ORLEANS, Feb 5 (Reuters) - The NFL credited a drop in the number of concussion cases this season with advances in helmet technology but players said it could take time to convince all those on the gridiron to reach for the new gear.Concussions fell to a record low this season, ...Reuters
Wed, Feb 5
BRIEF-Digital Turbine Names Stephen Lasher CFO
Feb 5 (Reuters) - Digital Turbine Inc APPS.O:DIGITAL TURBINE INC - BARRETT GARRISON STEPS DOWN AS CFO OF DIGITAL TURBINEDIGITAL TURBINE INC - STEPHEN LASHER APPOINTED CFO OF DIGITAL TURBINESource text: [ID:n0001628280-25-004027]Further company coverage: APPS.OReuters
Wed, Feb 5
BRIEF-Arcadium Lithium PLC - Term Loans Due And Payable On September 1, 2027
Feb 5 (Reuters) - Arcadium Lithium PLC ALTM.N:ARCADIUM LITHIUM PLC - ON JAN 30 ENTERED $200 MILLION TERM LOAN AGREEMENT WITH RIO TINTOARCADIUM LITHIUM PLC - TERM LOANS DUE AND PAYABLE ON SEPTEMBER 1, 2027Source text: [ID:n0000950103-25-001615]Further company coverage: ALTM.NReuters
Wed, Feb 5
