News
Important Only
DB Insurance confirms Fortegra negotiations ongoing following due diligence
By David BullJuly 2 - (The Insurer) - Korea’s DB Insurance has confirmed reports in the country that it is in negotiations to buy Fortegra but said no decision has been made on price or whether to proceed with an acquisition, despite due diligence having been completed.The Korea Economic Daily repor...Reuters
Wed, Jul 2
US Fed bank supervision chief takes buyout, email says
WASHINGTON, July 2 (Reuters) - Michael Gibson, director of the U.S. Federal Reserve's supervision and regulation division, has accepted a voluntary buyout and will retire at the end of this month after 33 years at the central bank, according to an email from Gibson to Fed officials seen by Reute...Reuters
Wed, Jul 2
Chubb names Williams private equity industry practice leader
By Michael LoneyJuly 2 - (The Insurer) - Chubb has appointed Scott Williams as private equity industry practice leader, effective immediately.Williams will continue to serve as the private/not-for-profit management liability practice leader and will report to Michael Mollica, vice president, Chubb G...Reuters
Wed, Jul 2
Triple-I names Schmid chief insurance officer as Porfilio departs
By Michael LoneyJuly 2 - (The Insurer) - The Insurance Information Institute (Triple-I), an affiliate of The Institutes, has appointed Patrick Schmid as chief insurance officer, effective July 11, 2025.In addition, Schmid will lead the organization’s Catastrophe Resiliency Council and the Insurance ...Reuters
Wed, Jul 2
EU presses China on rare earths and Ukraine war
BRUSSELS, July 2 (Reuters) - The European Union's top diplomat urged China's foreign minister on Wednesday to end restrictions on rare earths exports and warned that Chinese firms' support for Russia's war in Ukraine posed a serious threat to European security, the EU said.The statem...Reuters
Wed, Jul 2
Arch adds Axis’ Gonzales as Canada cyber and professional liability lead
By Michael LoneyJuly 2 - (The Insurer) - Arch Insurance Canada has hired Christopher Gonzales as vice president, cyber and professional liability lead.Gonzales joins after two and a half years as assistant vice president of cyber underwriting at Axis in Toronto.He has also worked at Ostiguy & Ge...Reuters
Wed, Jul 2
Liberty Global Transaction Solutions promotes Weiss to head of Americas
By Michael LoneyJuly 2 - (The Insurer) - Liberty Global Transaction Solutions has promoted Hilary Weiss to head of Americas.Weiss joined Liberty Mutual in 2018 as associate vice president, Americas M&A, before moving to Liberty GTS in 2021 as head of the company’s Eastern Zone.In March this year...Reuters
Wed, Jul 2
Tennis-Norrie returns to favourite Wimbledon stage to stun Tiafoe
By Martyn HermanLONDON, July 2 (Reuters) - Britain's Cameron Norrie returned to his favourite patch of Wimbledon turf to stun American 12th seed Frances Tiafoe and reach the third round with a 4-6 6-4 6-3 7-5 win on Wednesday.Court One might lack the aura of the All England Club's historic C...Reuters
Wed, Jul 2
Southwest Gas Holdings Enters Second Amended Term Loan Agreement
July 2 (Reuters) - Southwest Gas Holdings Inc SWX.N:SOUTHWEST GAS HOLDINGS-ON JUNE 27, ENTERED SECOND AMENDED TERM LOAN AGREEMENT - SEC FILINGSOUTHWEST GAS HOLDINGS- TERM LOAN MATURITY DATE EXTENDED TO JUNE 26, 2026SOUTHWEST GAS HOLDINGS- LENDERS' COMMITMENTS DECREASED TO $225 MILLIONSOUTHWEST ...Reuters
Wed, Jul 2
Israeli Likud party ministers urge Netanyahu to annex West Bank
By Howard Goller July 2 (Reuters) - Cabinet ministers in Prime Minister Benjamin Netanyahu's Likud party called on Wednesday for Israel to annex the Israeli-occupied West Bank before the Knesset recesses at the end of the month.They issued a petition ahead of Netanyahu's meeting next week...Reuters
Wed, Jul 2
Iranian nuclear program degraded by up to two years, Pentagon says
Pentagon's assessment suggests strikes against Iran likely achieved goalsEvolving US intelligence on strikes being closely watchedIran says key nuclear facility seriously damagedBy Phil Stewart and Idrees Ali WASHINGTON, July 2 (Reuters) - The Pentagon said on Wednesday that U.S. strikes 10 d...Reuters
Wed, Jul 2
Brazil's Embraer delivers 61 aircraft in Q2, a 30% rise year-on-year
SAO PAULO, July 2 (Reuters) - Brazilian planemaker Embraer EMBR3.SA said on Wednesday it delivered 61 aircraft in the second quarter of 2025, a 30% increase from a year earlier.The deliveries in the quarter through the end of June included 19 commercial jets, in line with the same quarter last year,...Reuters
Wed, Jul 2
