News
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FM eyes opportunities for Velocity to deliver E&S solutions for mutual clients
By James Thaler, David BullJune 30 - (The Insurer) - FM CEO Malcolm Roberts has said newly acquired Velocity Specialty Insurance Company (VSIC) will initially run as an independent subsidiary, but its mutual parent is looking for ways to augment its products with surplus lines solutions. E&S car...Reuters
Mon, Jun 30
US Supreme Court won't hear free speech fight over teacher fired for social media posts
By John KruzelWASHINGTON, June 30 (Reuters) - The U.S. Supreme Court declined on Monday to hear a case involving a Massachusetts public school teacher who sued on free speech grounds after her school fired her in what she called retaliation for social media posts made prior to her employment.The jus...Reuters
Mon, Jun 30
Oakley Capital Agrees Sale Of vLex To Clio
June 30 (Reuters) - Oakley Capital Investments Ltd OCIO.L:OAKLEY CAPITAL INV. - OAKLEY CAPITAL AGREES SALE OF VLEX TO CLIOOAKLEY CAPITAL INVESTMENTS LTD: TRANSACTION VALUES VLEX AT US$1 BILLIONOAKLEY CAPITAL INVESTMENTS LTD - DEAL REPRESENTS 4% UPLIFT IN NAV AS AT MARCH 2025Reuters
Mon, Jun 30
US Supreme Court to hear Republican challenge to 'coordinated' campaign spending curbs
Curbs on spending coordinated between parties, candidatesLower court upheld federal limits on coordinated spendingVance sued when he was running for the US Senate in OhioBy John KruzelWASHINGTON, June 30 (Reuters) - The U.S. Supreme Court agreed on Monday to hear a Republican-led challenge on free s...Reuters
Mon, Jun 30
Deals of the Day-Mergers and acquisitions
June 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** Aerospace supplier TransDigm Group said it will acquire Simmonds Precision Products from defense contractor RTX Corp for about $765 million in cash. nL4...Reuters
Mon, Jun 30
Exclusive: Former Lockton exec Taiym joining life insurance tech firm Integrity as global COO
By James ThalerJune 30 - (The Insurer) - Integrity has appointed former Lockton U.S. chief operating officer Said Taiym as its global chief operating officer, sources familiar with the matter told The Insurer.A spokesperson for Integrity, which has been around since 2006 and describes itself as the ...Reuters
Mon, Jun 30
ASL pushes for board shakeup at Avadel over handling of sleep drug rollout
June 30 (Reuters) - ASL Strategic Value Fund on Monday urged shareholders of Avadel Pharmaceuticals AVDL.O to replace its board, citing mismanagement in the rollout of the drugmaker's flagship sleep disorder drug Lumryz since its launch two years ago.The hedge fund said Avadel was unable to conv...Reuters
Mon, Jun 30
Siemens recruits artificial intelligence expert from Amazon
ZURICH, June 30 (Reuters) - Siemens SIEGn.DE has recruited Amazon AMZN.O executive Vasi Philomin to its new position of head of data and artificial intelligence, the German technology company said on Monday.The move is the latest step by Siemens as it seeks to develop AI products and applications li...Reuters
Mon, Jun 30
FM piloting middle market entry with Essential brand, says CEO Roberts
By James ThalerJune 29 - (The Insurer) - FM is piloting a new insurance product called FM Essential aimed at middle-market manufacturers who want to establish resilience but need more time to meet FM's flagship standards, CEO Malcolm Roberts told The Insurer."We turn away 70% of our manufact...Reuters
Mon, Jun 30
Gibraltar Strategically Shifts Focus To Building Products And Structures Businesses
Gibraltar Industries Inc ROCK.O:GIBRALTAR STRATEGICALLY SHIFTS FOCUS TO BUILDING PRODUCTS AND STRUCTURES BUSINESSESGIBRALTAR INDUSTRIES INC - BOARD APPROVES PLAN TO SELL RENEWABLES BUSINESSGIBRALTAR INDUSTRIES INC - RENEWABLES SEGMENT RECLASSIFIED AS DISCONTINUED OPERATIONSGIBRALTAR INDUSTRIES : WIL...Reuters
Mon, Jun 30
Windtree Therapeutics Inc - Interim Analysis To Assess Safety, Tolerability, And Preliminary Efficacy
Windtree Therapeutics Inc WINT.O:WINDTREE THERAPEUTICS INC - INTERIM ANALYSIS TO ASSESS SAFETY, TOLERABILITY, AND PRELIMINARY EFFICACYWINDTREE THERAPEUTICS INC - REACHES PLANNED ENROLLMENT OF 20 PATIENTS FOR SEISMIC C STUDYWINDTREE THERAPEUTICS INC - DATA EXPECTED TO BE USEFUL FOR END OF PHASE 2 MEE...Reuters
Mon, Jun 30
Tennis-Sabalenka powers past Branstine in Wimbledon opener
LONDON, June 30 (Reuters) - Top seed Aryna Sabalenka overcame Canadian qualifier Carson Branstine on a sweltering Court One to get her quest for a first Wimbledon title up and running with a 6-1 7-5 win on Monday.With the thermometer soaring above 30 degrees Celsius, the Belarusian turned up the hea...Reuters
Mon, Jun 30
New York Mortgage Trust Inc Files For Offering Of Senior Notes Due 2030 Size Not Disclosed - SEC Filing
New York Mortgage Trust Inc NYMT.O:NEW YORK MORTGAGE TRUST INC FILES FOR OFFERING OF SENIOR NOTES DUE 2030 ; SIZE NOT DISCLOSED - SEC FILINGSource text: [ID:n0001104659-25-063875]Reuters
Mon, Jun 30
Commonwealth Fusion Systems Google Signed A Power Purchase Agreement (Ppa) For 200 Megawatts (MW) Of Electricity From Cfs' Inaugural Arc Power Plant
Alphabet Inc GOOGL.O:COMMONWEALTH FUSION SYSTEMS: GOOGLE SIGNED A POWER PURCHASE AGREEMENT (PPA) FOR 200 MEGAWATTS (MW) OF ELECTRICITY FROM CFS' INAUGURAL ARC POWER PLANTReuters
Mon, Jun 30
TransDigm to buy proximity sensor maker Simmonds for $765 million
June 30 (Reuters) - Aerospace supplier TransDigm Group TDG.N said on Monday it will acquire Simmonds Precision Products from defense contractor RTX Corp RTX.N for about $765 million in cash.Simmonds makes fuel and proximity sensing and structural health monitoring products for the aerospace and defe...Reuters
Mon, Jun 30
UK's Oakley Capital to sell legaltech platform vLex to Clio at $1 billion valuation
June 30 (Reuters) - British private equity firm Oakley Capital Investments OCIO.L said on Monday it has agreed to sell its legal technology platform vLex to legal software provider Clio in a deal valuing the Spanish start-up at $1 billion.Reuters
Mon, Jun 30
Aon: Midyear renewals 'broadly competitive' as property cat demand rises 10%
By Chris MunroJune 29 - (The Insurer) - The midyear reinsurance renewals concluded amid what Aon described as “a broadly competitive environment” with new capacity entering the market, which helped absorb a near 10% increase in global demand for property catastrophe limit.In its newly published Rein...Reuters
Mon, Jun 30
US finds Harvard violated students’ civil rights, WSJ reports
June 30 (Reuters) - U.S. President Donald Trump's administration informed Harvard University that its investigation found that the university violated federal civil-rights law over its treatment of Jewish and Israeli students, the Wall Street Journal reported on Monday."Failure to institute ...Reuters
Mon, Jun 30
