News
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Allstate reports $184 million July catastrophe losses
By Ashish TiwariAug 21 - (The Insurer) – The Allstate Corporation on Thursday reported estimated catastrophe losses for July of $184 million, or $145 million after tax, from 19 wind and hail events.Total catastrophe losses for June were $619 million, or $489 million after tax, according to the insur...Reuters
Thu, Aug 21
DIARY-Political and General News Events from August 21
Aug 21 (Reuters) - For other diaries, please see:Political and General News POL/DIARYTop Economic Events M/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt Auctions D/DIARYU.S. Federal Reserve FED/DIARYToday in Washington WASH/DIARY ---------...Reuters
Thu, Aug 21
Putin receives Indian foreign minister in the Kremlin, TASS says
MOSCOW, Aug 21 (Reuters) - Russian President Vladimir Putin met with Indian Foreign Minister Subrahmanyam Jaishankar in the Kremlin on Thursday, the TASS state news agency reported.Jaishankar met earlier on Thursday with his Russian counterpart Sergei Lavrov.Reuters
Thu, Aug 21
Tennis-Kyrgios withdraws from US Open, misses last three Grand Slams of 2025
Aug 21 (Reuters) - Nick Kyrgios will not compete in the U.S. Open for a third consecutive year after withdrawing from the event, tournament organisers said on Thursday.The 30-year-old Australian has struggled with a litany of foot, knee and wrist injuries in recent years and has gone 1-4 in the five...Reuters
Thu, Aug 21
International Paper to sell cellulose fibers unit for $1.5 billion
Aug 21 (Reuters) - International Paper IP.N said on Thursday it will sell its global cellulose fibers business to private equity firm American Industrial Partners for $1.5 billion.The deal, expected to close by end-2025, is part of its strategy to focus on sustainable packaging solutions.The divesti...Reuters
Thu, Aug 21
HHS pulls state grant for youth education program in California
Aug 21 (Reuters) - The U.S. Department of Health and Human Services said on Thursday it has terminated California's federal grant for an education program to prevent teenage pregnancy and sexually transmitted infections in school children, citing the state's refusal to remove "radical ge...Reuters
Thu, Aug 21
Ukraine's dollar bonds slide as hopes for peace fade again
Aug 21 (Reuters) - Ukraine's dollar bonds suffered their largest losses in more than four months on Thursday as the prospect of a peace deal with Russia appeared to fade. The bonds had rallied, gaining as much as 14 cents since late July, on optimism that U.S. President Donald Trump's meetin...Reuters
Thu, Aug 21
Telehealth firm Ro brings in Serena Williams as ambassador for weight-loss drugs
Aug 21 (Reuters) - Ro said on Thursday former tennis player Serena Williams will join the telehealth company as a celebrity patient ambassador for its weight-loss treatments.Williams, who has won 23 grand slam titles, is speaking out for the first time about using GLP-1 weight-loss treatment to impr...Reuters
Thu, Aug 21
Hannover Re set to launch ILS platform in Bermuda
By Ashish TiwariAug 21 - (The Insurer) – Global reinsurer Hannover Re is setting up a new insurance-linked securities (ILS) platform, Hannover Re Capital Partners, in Bermuda, according to people familiar with the matter.The platform will function as an underwriting agent, operating similarly to an ...Reuters
Thu, Aug 21
US probing delays in Tesla crash reports involving driver assistance systems
Aug 21 (Reuters) - The National Highway Traffic Safety Administration said Thursday it is opening an investigation into delays in Tesla reports of crashes involving advanced driver assistance systems or self-driving vehicles.The auto safety agency said it has identified numerous incident reports sub...Reuters
Thu, Aug 21
US Sets EU Tariff Cap at 15%, Plans to Lower Auto Tariffs Within Weeks
TradingKey - In a joint statement issued on Thursday, the United States and the European Union detailed the framework trade agreement reached in late July. The U.S. reiterated its tariff cap of 15% on most EU goods and pledged to extend this rate to include automobiles and parts, with the reductionTradingKey
Thu, Aug 21
Marsh names Glod global head of aviation and space
By Michael JonesAug 21 - (The Insurer) - Marsh has appointed Brian Glod as global head of aviation and space and Tony Ambrose as global chairman of the same unit, the company said on Thursday.Both appointments are effective September 1. Glod, based in New York, will join Marsh’s global specialty exe...Reuters
Thu, Aug 21
Economic impact of US tariffs will be key for US rating, says S&P analyst
Economic implications of Trump's tariffs a key factor for future rating actions, says S&P analystBudget legislation on its own seen as not lowering US deficitTariff revenue a "potentially important offset"By Davide Barbuscia NEW YORK, Aug 21 (Reuters) - S&P Global Ratings'...Reuters
Thu, Aug 21
UBS Group AG - Invests in Domino Data Lab
Aug 21 (Reuters) - UBS Group AG UBSG.S:UBS INVESTS IN DOMINO DATA LAB, DEEPENING STRATEGIC PARTNERSHIP TO DRIVE NEXT WAVE OF ENTERPRISE AI INNOVATIONUBS GROUP AG - EXPANDS STRATEGIC PARTNERSHIP FOR AI LEADERSHIPUBS GROUP AG - TO STREAMLINE AI MODEL DEVELOPMENT ACROSS BANKReuters
Thu, Aug 21
US consumer watchdog kicks off redo of 'open banking' rules on customer data
WASHINGTON, Aug 21 (Reuters) - The U.S. Consumer Financial Protection Bureau on Thursday kicked off a do-over of its "open banking" regulations governing consumer control over the sharing of their personal data between banks and the burgeoning financial technology sector as the two industrie...Reuters
Thu, Aug 21
Swedish car lobby welcomes plan for lower U.S. car tariff
STOCKHOLM, Aug 21 (Reuters) - Swedish car association Mobility Sweden said on Thursday it was good news if U.S. car import tariffs from Europe will be reduced retroactively to 15% from 27.5% from August 1, in line with a joint statement by the European Union and the United States.Reuters
Thu, Aug 21
IPO uptick presents public D&O opportunities as carrier interest in private market mounts
By Isha MaratheAug 14 - (The Insurer) - A recent uptick in IPO activity may present opportunities for public D&O insurers against a backdrop of flattening rate reductions in the strained market, as many carriers continue to grow their private D&O books, brokers told The Insurer.Despite the ...Reuters
Thu, Aug 21
CANADA RESEARCH ROUNDUP-Aritzia, Cameco, HLS Therapeutics
Aug 21 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Aritzia, Cameco and HLS Therapeutics on Thursday.HIGHLIGHTS * Aritzia Inc ATZ.TO: Truist Securities initiates coverage with buy rating * Cameco Corp CCO.TO: Raymond James raises ...Reuters
Thu, Aug 21
