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Reinsurers 'easily' absorb demand for property cat limit at July 1: Guy Carpenter
By Rebecca DelaneyJuly 1 - (The Insurer) - The mid-year renewals saw reinsurers "easily" absorb increased client demand for property catastrophe limit, with reinsurer capacity exceeding demand by more than 20% and driving risk-adjusted rate increases of 10% to 20% for loss-impacted programs,...Reuters
Tue, Jul 1
China says it hopes Thailand will maintain 'stability'
BEIJING, July 1 (Reuters) - China hopes Thailand will maintain "stability", a spokesperson at the Chinese foreign ministry said on Tuesday, after a Thai court suspended Prime Minister Paetongtarn Shinawatra from duty."This is an internal affair of Thailand's, and I will not comment o...Reuters
Tue, Jul 1
Honda American Is Recalling 65,115 U.S. Vehicles - NHTSA
July 1 (Reuters) - HONDA (AMERICAN HONDA MOTOR CO.) IS RECALLING 65,115 U.S. VEHICLES - NHTSAHONDA (AMERICAN HONDA MOTOR CO.) IS RECALLING SOME U.S. VEHICLES AS A BROKEN DRIVESHAFT CAN RESULT IN A LOSS OF DRIVE POWER, OR A VEHICLE ROLLAWAY WHEN THE VEHICLE IS IN PARK WITHOUT THE PARKING BRAKE APPLIE...Reuters
Tue, Jul 1
General Motors Is Recalling 40,233 U.S. Vehicles - NHTSA
July 1 (Reuters) - GENERAL MOTORS, LLC IS RECALLING 40,233 U.S. VEHICLES - NHTSAGENERAL MOTORS, LLC IS RECALLING SOME U.S. VEHICLES AS UNINTENDED ACTIVATION OF THE PARKING BRAKE WHILE DRIVING INCREASES THE RISK OF A CRASH. LOSS OF THE PARKING BRAKE FUNCTION WHILE PARKED CAN RESULT IN A ROLLAWAY, INC...Reuters
Tue, Jul 1
Pendulum swings back towards buyers at competitive July 1 renewals: Gallagher Re
By Scott VincentJune 30 - (The Insurer) - Reinsurers are showing an increasing willingness to provide solutions that help cedants reduce exposure to high-frequency events as they seek to differentiate themselves in a competitive market, Gallagher Re said in its 1st View report on the July 1 renewals...Reuters
Tue, Jul 1
Malaysia receives positive U.S. feedback in tariff talks, minister says
KUALA LUMPUR, July 1 (Reuters) - Malaysia's second finance minister Amir Hamzah Azizan said on Tuesday that feedback from the United States during tariff negotiations has been positive.Malaysia faces U.S. tariffs of 24% if it fails to negotiate a reduction before a moratorium expires next week.Reuters
Tue, Jul 1
US startup Lyten to take over Northvolt's energy storage systems factory in Poland
WARSAW, July 1 (Reuters) - Silicon Valley startup Lyten will take full ownership of Northvolt Dwa ESS, Europe’s largest energy storage systems factory, in a move to expand its product line, the U.S. company said on Tuesday. Northvolt filed for bankruptcy in March, one of Sweden's largest corpora...Reuters
Tue, Jul 1
Suncorp pays less but trims limit on A$6.3 billion FY26 reinsurance program
By Ryan HewlettJuly 1 - (The Insurer) - Suncorp has renewed its main catastrophe reinsurance program for FY26, overhauling its cover at a lower cost while maintaining a maximum event retention of A$350 million ($235 million) for a first and second large event.Suncorp's FY26 reinsurance program c...Reuters
Tue, Jul 1
Sodexo warns on revenue growth, Trump impact
By Dimitri Rhodes and Etienne Breban July 1(Reuters) - French food caterer Sodexo EXHO.PA on Tuesday said it expects revenue and margin growth to be at the lower end of its 2025 forecasts and warned U.S. President Donald Trump's policies could impact its universities and healthcare business....Reuters
Tue, Jul 1
Llama Group's Jamendo Reaffirms Commitment To Legal Action Against Nvidia & Suno
July 1 (Reuters) - Llama Group SA ALLAM.PA:LLAMA GROUP SA - JAMENDO REAFFIRMS COMMITMENT TO LEGAL ACTION OVER ALLEGED UNAUTHORIZED USE OF ITS MUSIC BY NVIDIA & SUNOLLAMA GROUP SA - ALLEGES UNAUTHORIZED USE BY NVIDIA & SUNO OF ITS MUSIC CATALOG TO TRAIN AI MODELSReuters
Tue, Jul 1
Oakley Capital Investments Says Iconic Brandco Invests In Smythson, Fornasetti, And FPM
July 1 (Reuters) - Oakley Capital Investments Ltd OCIO.L:OAKLEY CAPITAL INV. - OAKLEY EXPANDS PORTFOLIO OF HERITAGE BRANDSOAKLEY CAPITAL INVESTMENTS LTD - ICONIC BRANDCO INVESTS IN SMYTHSON, FORNASETTI, AND FPMOAKLEY CAPITAL INVESTMENTS LTD - OCI'S INDIRECT CONTRIBUTION VIA FUND III ANTICIPATED...Reuters
Tue, Jul 1
Mercia Asset Management Reports Preliminary FY AUM of £1,987.8 Million
July 1 (Reuters) - Mercia Asset Management PLC MERCM.L:MERCIA ASSET MANAGEMENT - PRELIMINARY FY AUM £1,987.8 MILLIONMERCIA ASSET MANAGEMENT: PRELIMINARY FY REVENUE £35.2 MILLIONMERCIA ASSET MANAGEMENT PLC: COMMENCEMENT OF AN ANNUAL SHARE BUYBACK POLICY OF UP TO £3 MILLIONReuters
Tue, Jul 1
Supreme Posts FY Adj PBT 30.2 Mln Stg
July 1 (Reuters) - Supreme PLC SUP.L:SUPREME : POSITIVE START TO FY26, EXPECTS TO DELIVER PROFITABLE & HIGHLY CASH-GENERATIVE YEAR, TRADING IN LINE WITH CURRENT MARKET EXPECTATIONSSUPREME - FY REVENUE GROWTH OF 4% TO £231.1 MILLIONSUPREME : FY ADJUSTED PROFIT BEFORE TAX £30.2 MILLIONSUPREME PLC ...Reuters
Tue, Jul 1
P&C insurers lag broader markets as geopolitical tensions drive June volatility
By Carlos PallordetLONDON, July 1 (Reuters) - US and European equity markets entered June 2025 with heightened volatility, following the robust rebound seen in May.European-based Stoxx 600 slipped 1.3%, sector-specific Stoxx 600 insurance lost 2.0%S&P 500 insurance fell 3.2% but broader S&P ...Reuters
Tue, Jul 1
Advent company offers 3.5% stake in parcel locker company InPost
July 1 (Reuters) - A company controlled by private equity firm Advent International has offered an about 3.5% stake in parcel locker firm InPost INPST.AS to institutional investors, a bookrunner said on Tuesday.Advent's company AI Prime & Cy S.C.A. offered 17.5 million InPost shares via an a...Reuters
Tue, Jul 1
Sainsbury Posts Q1 Like-For-Like Sales at 4.7%, Excluding Fuel
July 1 (Reuters) - J Sainsbury PLC SBRY.L:SAINSBURY(J) PLC - TRADING STATEMENTSAINSBURY: CONTINUE TO EXPECT TO DELIVER RETAIL UNDERLYING OPERATING PROFIT OF AROUND £1 BILLION AND RETAIL FREE CASH FLOW OF MORE THAN £500 MILLIONSAINSBURY: EXPECT TO CONTINUE TO GROW GROCERY VOLUMES AHEAD OF MARKETSAIN...Reuters
Tue, Jul 1
