News
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Howden office hit as Extinction Rebellion disrupts Airmic Risk Forum
By Rebecca DelaneyJan 29 - (The Insurer) - Protesters from the Extinction Rebellion movement disrupted the Airmic Risk Forum on Wednesday, which was held at Howden's London headquarters.The forum, organised by trade body Airmic, was subtitled "Is another world possible?"Campaigners gathe...Reuters
Wed, Jan 29
Euro zone yields steady, focus turns to Fed and ECB
Updates in late European tradingBy Lucy Raitano LONDON, Jan 29 (Reuters) - Euro zone bond yields were little changed on Wednesday as traders caught their breath ahead of the Federal Reserve's meeting later in the day and the European Central Bank's on Thursday, with looming U.S. tech earn...Reuters
Wed, Jan 29
Senators back Cali bill to transfer insured nat cat losses to fossil fuel majors
By Rebecca DelaneyJan 29 - (The Insurer) - A coalition of Democratic Californian senators have introduced a bill that aims to improve insurance affordability in the state by transferring the cost burden arising from climate disasters to fossil fuel companies.SB 222 would create a private right of ac...Reuters
Wed, Jan 29
EXCLUSIVE-Japan's NEC weighs offer for software provider CSG Systems, sources say
Adds share reactionBy Milana VinnNEW YORK, Jan 29 (Reuters) - Japanese technology group NEC Corp 6701.T has been talking to its advisers about the possibility of making an offer for CSG Systems CSGS.O, which provides customer care and billing solutions for cable and phone companies, according to peo...Reuters
Wed, Jan 29
Imperial Oil Ltd expected to post earnings of C$2.12 a share - Earnings Preview
Imperial Oil Ltd IMO.TO is expected to show a rise in quarterly revenue when it reports results on January 31 for the period ending December 31 2024The Calgary Alberta-based company is expected to report a 32.2% increase in revenue to C$17.334 billion from C$13.11 billion a year ago, according to...Reuters
Wed, Jan 29
Dubai-Moscow flight makes emergency landing in Southern Russia
MOSCOW, Jan 29 (Reuters) - A passenger flight operated by the Russian airline Pobeda, en route from Dubai to Moscow, safely landed in Astrakhan, a city in southern Russia, after issuing a distress signal over the Caspian Sea, Interfax news agency reported citing Russian emergency services.The Boeing...Reuters
Wed, Jan 29
Trump administration to cancel student visas of all 'Hamas sympathizers', White House says
WASHINGTON, Jan 29 (Reuters) - U.S. President Donald Trump will sign an executive order on Wednesday to combat antisemitism and pledge to deport non-citizen college students and other resident aliens who took part in pro-Palestinian protests, a White House official said.A fact sheet on the order sai...Reuters
Wed, Jan 29
Freddie Mac settles $32mn coverage lawsuit with Lloyd’s of London underwriters
By Mia MacGregorJan 27 - (The Insurer) - Freddie Mac has told a Washington DC federal court that it has settled a $32mn coverage lawsuit with Lloyd's of London underwriters, resolving the case linked to civil actions and federal investigations stemming from its collapse during the 2008 financial...Reuters
Wed, Jan 29
Joy turns to despair as Gaza returnees struggle to settle in enclave's north
Palestinians face harsh conditions amid war devastation, some return south after finding north uninhabitable'Life here is unbearable; those in the south should just stay there - it's better for them,' says one displaced GazanHamas signals 'discontent' at pace of steps to implemen...Reuters
Wed, Jan 29
Mexican bank Banorte says govt plan likely to boost consumption
MEXICO CITY, Jan 29 (Reuters) - The chief executive of Mexican lender Banorte GFNORTEO.MX said on Wednesday the government's "Plan Mexico" investment framework should boost private consumption in Latin America's No. 2 economy, though uncertainty remains on potential impacts by the go...Reuters
Wed, Jan 29
Texas court overturns Baylor's $12mn Covid damage verdict against insurers
By Mia MacGregorJan 29 - (The Insurer) - A Texas appeals court has overturned a $12mn jury verdict awarded to Baylor College of Medicine for property damage linked to the Covid-19 pandemic, leaving the institution without compensation in a decision that aligns with most rulings in similar cases.Bayl...Reuters
Wed, Jan 29
CANADA RESEARCH ROUNDUP-Chartwell Retirement Residences, Fiera Capital, Metro
Jan 29 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Chartwell Retirement Residences, Fiera Capital and Metro on Wednesday. HIGHLIGHTS * Chartwell Retirement Residences CSH_u.TO: BMO initiates coverage with outperform rating* Fiera Ca...Reuters
Wed, Jan 29
EXCLUSIVE-Japan's NEC weighs offer for software provider CSG Systems, sources say
By Milana VinnNEW YORK, Jan 29 (Reuters) - Japanese technology group NEC Corp 6701.T has been talking to its advisers about the possibility of making an offer for CSG Systems CSGS.O, which provides customer care and billing solutions for cable and phone companies, according to people familiar with t...Reuters
Wed, Jan 29
Hinshaw's Seaman: Trump administration set to end ESG pressure on insurers
By George AbbottJan 29 - (The Insurer) - The US insurance industry is expected to stop acting as an unofficial ESG "enforcement arm" under the second Trump administration, according to Scott Seaman, Insurance Industry Group Leader at Hinshaw & Culbertson.In an interview with The Insurer ...Reuters
Wed, Jan 29
Progressive Q4 CR improves to 87.9%
By Michael LoneyJan 29 - Progressive has reported a 0.8 point improvement in its fourth quarter combined ratio to 87.9 percent, meaning the US personal lines giant improved this metric for the full year to 88.8 percent.Q4 CR ticks down 0.8 pts to 87.9% from 88.7% in Q4 2023Q4 NPW up 20% to $18.11bn,...Reuters
Wed, Jan 29
Turkey's Erdogan meets with Hamas leader, delegation in Ankara
ANKARA, Jan 29 (Reuters) - Turkish President Tayyip Erdogan met with Hamas leader Muhammad Ismail Darwish in Ankara on Wednesday, Erdogan's office said in a statement. Turkish Foreign Minister Hakan Fidan and Intelligence Chief Ibrahim Kalin also attended the meeting, as well as other Hamas offi...Reuters
Wed, Jan 29
INSTANT VIEW-Bank of Canada cuts benchmark rate by 25 basis points
TORONTO, Jan 29 (Reuters) - The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and warned Canadians that a tariff war triggered by the United States could cause major economic damage. MARKET REACTION: CAD/LINK: https://www.bankofcanada.c...Reuters
Wed, Jan 29
Mexico to send Google letter over Gulf of Mexico name change
MEXICO CITY, Jan 29 (Reuters) - Mexico's President Claudia Sheinbaum said on Wednesday that her government will send a letter to Google GOOGL.O after the internet giant said it would change the name of the Gulf of Mexico for users of Google Maps in the United States.The U.S. government said on F...Reuters
Wed, Jan 29
