News
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MMA adds Comerford as national cyber claims advocacy and operations consultant
By Isha MaratheJuly 1 - (The Insurer) - Marsh McLennan Agency has hired Linda Comerford as a national cyber claims advocacy and operations consultant. Comerford has 10 years of experience in the insurance industry. Most recently, she was a cyber claims professional consultant at her own firm. Befor...Reuters
Tue, Jul 1
Kaminski returns to Zurich North America as head of direct markets
By Mia MacGregorJuly 1 - (The Insurer) - Zurich North America has appointed Todd Kaminski as head of direct markets, marking his return to the company after a brief departure. Kaminski, who has a 30-year career with Zurich North America, will resume his position effective July 7, reporting to CEO Kr...Reuters
Tue, Jul 1
Figma Inc Files For IPO - SEC Filing
July 1 (Reuters) - Figma Inc:FIGMA INC - FILES FOR IPO - SEC FILINGFIGMA INC - APPLIES TO LIST ON NYSE UNDER SYMBOL 'FIG' - SEC FILINGFIGMA, INC SAYS MORGAN STANLEY, GOLDMAN SACHS & CO. LLC, ALLEN & COMPANY LLC, J.P. MORGAN ARE UNDERWRITER TO IPO - SEC FILINGFIGMA: BOFA SECURITIES, W...Reuters
Tue, Jul 1
Starmer wins vote on UK welfare reform but suffers damaging rebellion
Lawmakers vote in favour of watered-down reformsGovernment is forced to make a key concessionOpposition party says government has lost control PM Starmer under pressure over poll ratingsBy Andrew MacAskill, Elizabeth Piper and Alistair Smout LONDON, July 1 (Reuters) - British Prime Minister Keir ...Reuters
Tue, Jul 1
MS Re announces underwriting leadership and structural changes
By Mia MacGregorJuly 1 - (The Insurer) - MS Reinsurance has announced leadership changes across its underwriting operations in Switzerland, Bermuda and the U.S., along with structural adjustments in the Americas, international and global specialty lines business units.The company said that it plans ...Reuters
Tue, Jul 1
Federal judges are public officials for defamation purposes, judge rules
By Nate Raymond July 1 (Reuters) - Federal judges are public officials who must meet a higher bar to sue individuals for defamation, a federal judge concluded as he dismissed a lawsuit by one of his counterparts against onetime members of a Florida condo association's board.U.S. District Judg...Reuters
Tue, Jul 1
US judge blocks Trump administration move to overhaul health agencies
Judge rules HHS' restructuring plan is unlawfulJudge blocks firings at four agencies within HHSDemocratic-led states had challenged mass job cutsBy Nate Raymond July 1 (Reuters) - A federal judge on Tuesday blocked the Trump administration from moving forward with plans to overhaul the U.S. D...Reuters
Tue, Jul 1
Intralot to buy Bally's International Interactive unit in deal valued at 2.7 billion euros
July 1 (Reuters) - Greek gaming firm Intralot INLr.AT said on Tuesday it would acquire Bally's BALY.N International Interactive business in a cash-and-stock deal valuing the unit at 2.7 billion euros ($3.18 billion).Reuters
Tue, Jul 1
Trump administration targets CNN coverage of migration app
July 1 (Reuters) - The Trump administration said on Tuesday that it was looking into whether CNN could be prosecuted over its report on an Apple AAPL.O iPhone app that alerts users to Immigration and Customs Enforcement agents in their area.The cable news network said its reporting was not illegal.T...Reuters
Tue, Jul 1
Israel's defence chief threatens to retaliate for Houthi missiles
July 1 (Reuters) - Israel's Defence Minister Israel Katz vowed to retaliate against Iran-aligned Houthis after his country's military intercepted a missile launched from Yemen toward Israeli territory. "The fate of Yemen is the same as that of Tehran," Katz said in a statement, ref...Reuters
Tue, Jul 1
Trump to prioritize India before Japan in trade talks, source says
WASHINGTON, July 1 (Reuters) - The Trump administration plans to prioritize securing trade deals with countries including India ahead of Japan in the days leading up to a July 9 deadline when higher U.S. tariffs take effect, according to a White House official familiar with the talks.Reuters
Tue, Jul 1
CORRECTED-Bishop Street enters aviation with Aerospace Insurance Managers acquisition
By Isha MaratheJuly 1 - (The Insurer) - RedBird Capital Partners-backed Bishop Street Underwriters has acquired Texas-based Aerospace Insurance Managers from Hallmark Financial.The financial terms of the deal were not disclosed. AIM provides general aviation coverage for aircraft hull, aircraft and...Reuters
Tue, Jul 1
Trump says he won't extend July 9 trade deadline, expresses doubt on Japan deal
WASHINGTON, July 1 (Reuters) - President Donald Trump said on Tuesday he was not thinking of extending the July 9 deadline for countries to negotiate trade deals with the U.S., and continued to express doubt that an agreement could be reached with Japan."We've dealt with Japan. I'm not s...Reuters
Tue, Jul 1
Intralot To Acquire Bally’s International Interactive Business At A Deal Enterprise Value Of 2.7 Billion Euros
July 1 (Reuters) - Bally's Corp BALY.N:INTRALOT S.A. TO ACQUIRE BALLY’S INTERNATIONAL INTERACTIVE BUSINESS IN A TRANSACTION THAT CREATES A GLOBAL GAMING TECHNOLOGY AND SERVICES COMPANY IN LOTTERY AND DIGITAL ONLINE GAMING MARKETSINTRALOT INTEGRATED LOTTERY SYSTEMS AND SERVICES SA - DEAL ENTERPRI...Reuters
Tue, Jul 1
General Mills changing Nature Valley labels after lawsuit's herbicide claim
By Jonathan StempelAug 23 (Reuters) - General Mills Inc GIS.N agreed to stop calling the oats in its Nature Valley granola bars 100 percent natural to settle a lawsuit by three consumer groups that said the bars contained small amounts of the herbicide commonly known as Roundup.Beyond Pesticides, Mo...Reuters
Tue, Jul 1
ADVISORY-Alert wrongly tagged to Amazon withdrawn
An alert from National Safety Council estimating number of deaths from preventable traffic crashes during July 4 weekend was incorrectly tagged to Amazon AMZN.O and has been withdrawn.There will be no substitute. STORY_NUMBER:nTUA19WGFTSTORY_DATE:01/07/2025STORY_TIME:07:00 PM GMTReuters
Tue, Jul 1
Exclusive: Coalition hires CFC US cyber practice leader Phillips for CPU leadership role
By James ThalerJuly 1 - (The Insurer) - Coalition has hired CFC Underwriting’s U.S. cyber practice leader Michael Phillips for a senior leadership role within the insurtech’s cyber product underwriting group, sources familiar with the matter confirmed to Cyber Risk Insurer.Sources confirmed that Phi...Reuters
Tue, Jul 1
S&P upgrades Arch to AA-minus on improved underwriting results
By Michael LoneyJuly 1 - (The Insurer) - S&P Global Ratings has raised its long-term issuer credit and financial strength ratings on Arch Capital Group's core (re)insurance operating subsidiaries to AA-minus from A-plus.The rating agency also raised its long-term issuer credit rating on Arch...Reuters
Tue, Jul 1
