News
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FIT unveils insurance-specific transition plan guidelines
By Rebecca DelaneyJuly 2 - (The Insurer) - The UN-convened Forum for Insurance Transition to Net Zero (FIT) has launched transition plan guidance for (re)insurance underwriting portfolios to encourage the industry to move beyond high-level commitments into actionable transition-related products and ...Reuters
Wed, Jul 2
Meta's Instagram down for thousands of users in US, Downdetector shows
July 2 (Reuters) - Meta Platforms' META.O Instagram was down for thousands of users in the U.S. on Wednesday, according to outage tracking website Downdetector.com.There were 16,747 incidents of people reporting issues with the platform as of 11.40 a.m. ET, according to Downdetector, which track...Reuters
Wed, Jul 2
Sustainable Finance Newsletter - The UN holds a development summit in scorching Spain
By Ross Kerber July 2 (Reuters) - Several of my colleagues have been covering a global development conference in Seville where leaders announced a series of projects you can read about in this week's newsletter, below. I've also got items about a new http://www.reuters.com/newsletters...Reuters
Wed, Jul 2
Australian extreme weather insured losses exceed A$1.8 billion in H1
By Michael JonesJuly 2 - (The Insurer) - Insured costs from extreme weather events that affected Australia in the first half of 2025 have now exceeded A$1.8 billion ($1.18 billion), the Insurance Council of Australia (ICA) said on Wednesday.Ex-Tropical Cyclone Alfred has been the most costly event o...Reuters
Wed, Jul 2
Israel says it is serious about reaching ceasefire, cites positive signs
TALLINN, July 2 (Reuters) - Israeli Foreign Minister Gideon Saar said on Wednesday that his country was serious about reaching a deal with the Palestinian Hamas group to end the war in Gaza and return the hostages held there to Israel.U.S. President Donald Trump said on Tuesday that Israel had a...Reuters
Wed, Jul 2
LMA issues clause to strengthen sanctions compliance
By Michael JonesJuly 2 - (The Insurer) - The Lloyd's Market Association (LMA) has issued a new model clause designed to enhance the ability for (re)insurers and brokers to comply with sanctions and financial crime regulations.The model clause, LMA5670 - General Sanctions Financial Crime Document...Reuters
Wed, Jul 2
Democratic FCC commissioner blasts Paramount settlement with Trump as 'desperate move'
By David Shepardson July 2 (Reuters) - A Democrat on the Federal Communications Commission called Paramount's PARA.O $16 million settlement to resolve a lawsuit filed by U.S. President Donald Trump over a CBS News' 60 Minutes interview broadcast with rival Kamala Harris "a desperate m...Reuters
Wed, Jul 2
Continental AG expects tariffs, foreign exchange to weigh on Q2 tyre margins
FRANKFURT, July 2 (Reuters) - German car parts supplier Continental AG CONG.DE said on Wednesday headwinds related to U.S. import tariffs and foreign exchange rates would hit sales and profits at its core tyre division in the second quarter.Quarterly sales at the division are expected to decrease sl...Reuters
Wed, Jul 2
Exclusive: Baseline launches inaugural product with E&S property DIC quake program
By Chris MunroJuly 2 - (The Insurer) - Baseline Risk Partners has brought its first product to market, with the San Diego, California-based startup program administrator launching an E&S property difference in conditions (DIC) earthquake coverage.The new program, which has been spearheaded by Wa...Reuters
Wed, Jul 2
Ukraine struggles to contain Russian summer advances as US aid stalls
Russia seeking to occupy all of eastern Donetsk regionUkrainian army supply routes under threat near two key towns Suspension of some US supplies hampering Ukraine, says analystRussian advances accelerated in June, says Ukrainian blog By Anastasiia Malenko and Aleksandar Vasovic KYIV, July 2 (Reu...Reuters
Wed, Jul 2
Motor racing-McLaren boss offers Brad Pitt second chance to hit 200 mph
By Alan Baldwin LONDON, July 2 (Reuters) - Brad Pitt's F1 movie is topping the box office charts worldwide but the Hollywood A-lister is not done with Formula One, or racing.Like his fictional big screen character Sonny Hayes, Pitt has been offered a second chance to don race overalls and la...Reuters
Wed, Jul 2
Glencore announces $1 billion share buyback
July 2 (Reuters) - Glencore GLEN.L said on Wednesday it will buy back shares worth $1 billion starting next week following the merger of global agribusiness Bunge Global BG.N with its grain handler Viterra. The miner, which will hold 16.4% of the enlarged company and $900 million in cash, considers ...Reuters
Wed, Jul 2
Gallagher Re names Aon's Muñoz as global fac CEO
By Rebecca DelaneyJuly 2 - (The Insurer) - Gallagher Re announced on Wednesday that Pablo Muñoz has been appointed to the newly created role of CEO of global facultative reinsurance.In his new role, which he assumed on Wednesday, Muñoz will lead a global network of facultative specialists to enhance...Reuters
Wed, Jul 2
Euro zone bond yields rise as debt sustainability worries resurface
By Samuel Indyk LONDON, July 2 (Reuters) - Euro zone government bond yields rose on Wednesday, taking their cues from Britain's gilts where yields spiked higher after the government scaled back plans to cut benefits, reigniting worries about global fiscal sustainability.British bonds suffered...Reuters
Wed, Jul 2
SGS Signs An Agreement To Acquire ATS, A Major American Player
July 2 (Reuters) - SGS SA SGSN.S:SGS SA - HAS SIGNED AN AGREEMENT TO ACQUIRE ATS, A MAJOR AMERICAN PLAYERSGS SA - ATS IS EXPECTED TO BRING USD 460 MILLION OF SALES AND USD 95 MILLION OF EBITDA BEFORE SYNERGIES IN 2026SGS SA - THIS TRANSACTION IS VALUED AT USD 1,325 MILLION CORRESPONDING TO A MULTIPL...Reuters
Wed, Jul 2
Willkie partner joins law firm formed by ex-Paul Weiss lawyers
By Sara Merken July 2 (Reuters) - A law firm formed recently by a group of prominent former Paul Weiss lawyers is continuing to make new hires, again adding a partner from one of the firms that made deals with President Donald Trump to avert an executive order targeting their businesses. W...Reuters
Wed, Jul 2
Sixth Street closes $5.1 billion acquisition of Enstar
By Mia MacGregorJuly 2 - (The Insurer) - Sixth Street has completed the acquisition of Enstar Group Limited for $338.00 per ordinary share in cash, totaling an equity value of $5.1 billion. Liberty Strategic Capital, JC Flowers & Co and other institutional investors also participated in the tran...Reuters
Wed, Jul 2
Israel says it is serious about reaching ceasefire, cites positive signs
July 2 (Reuters) - Foreign Minister Gideon Saar said on Wednesday Israel was serious about reaching a deal with the Palestinian Hamas group to end the war in Gaza and return the hostages held there to Israel."We are serious in our will to reach a hostage deal and a ceasefire. We said yes to (U.S...Reuters
Wed, Jul 2
