News
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UK government consults on mandatory transition plans for insurers
By Rebecca DelaneyJune 26 - (The Insurer) - The UK government has launched a consultation on proposals to mandate the development and implementation of "credible" transition plans for UK-regulated financial institutions, including insurers.The consultation was launched on Wednesday by the De...Reuters
Thu, Jun 26
EXCLUSIVE-Amazon loses AWS generative AI boss as tech talent shuffle heats up
Vasi Philomin leaves Amazon after eight-year runPhilomin had overseen genAI efforts and Amazon BedrockPhilomin leaves for undisclosed new jobBy Greg Bensinger SAN FRANCISCO, June 25 (Reuters) - Amazon's AMZN.O AWS recently lost its vice president overseeing generative artificial intelligence ...Reuters
Thu, Jun 26
FCC chair had no discussions with White House on Trump Mobile phone
WASHINGTON, June 26 (Reuters) - The chair of the Federal Communications Commission said Thursday he had no discussions with the White House about the Trump Organization self-branded mobile service and a $499 smartphone dubbed Trump Mobile.FCC Chair Brendan Carr, who was designated chair by President...Reuters
Thu, Jun 26
COLUMN: In 9th Circuit fight over import duty fraud, False Claims Act gets new life
By Jenna Greene June 26 (Reuters) - New tariffs have dominated headlines in recent months, but a key question has received far less attention: How does the U.S. government make sure importers — who collectively brought in $3.36 trillion worth of goods last year — actually pay the duties that they...Reuters
Thu, Jun 26
Roosevelt Road Specialty appoints RB Jones' Cook as property CUO
By Isha MaratheJune 26 - (The Insurer) - Roosevelt Road Specialty has hired Brendan Cook, former vice president and director at RB Jones, as its chief underwriting officer for property. Cook has more than 20 years of experience in the industry. At RB Jones, he led property underwriting and operatio...Reuters
Thu, Jun 26
Italy's Campari to sell Cinzano and Frattina brands for 100 mln euros
MILAN, June 26 (Reuters) - Italian spirits group Campari CPRI.MI has agreed to sell its Cinzano vermouth and Frattina grappa brands to domestic rival Caffo Group 1915 for 100 million euros ($117 million), it said on Thursday. The deal is part of Campari's efforts to streamline its brand portfoli...Reuters
Thu, Jun 26
McGowan adds Flow's Wagner as senior broker
By Isha MaratheJune 26 - (The Insurer) - Wholesale insurance broker McGowan Financial Lines has hired Greg Wagner, former senior vice president and senior broker at Flow, as a senior broker.Wagner has more than 17 years of experience in the industry. Before Flow, he held cyber and tech underwriting...Reuters
Thu, Jun 26
Inszone acquires insurance agencies Eagle Harbor and Osterts and Associates
By Isha MaratheJune 26 - (The Insurer) - Inszone Insurance Services has acquired Eagle Harbor Insurance, based in Bainbridge Island, Washington, and Osterts and Associates, based in Plano, Texas. The financial terms of the deals were not disclosed. Founded in 1998, Eagle Harbor Insurance has been a...Reuters
Thu, Jun 26
German yield curve steepens further on expectations for more fiscal spending
By Stefano Rebaudo and Samuel Indyk June 26 (Reuters) - The German bond yield curve continued to steepen on Thursday, driven by expectations of Berlin's increased borrowing, after U.S. economic data failed to provide clear direction for government bond markets.German lawmakers on Thursday pas...Reuters
Thu, Jun 26
US Supreme Court backs South Carolina effort to defund Planned Parenthood
Clinics serve Medicaid healthcare program patientsStates seek to deprive abortion providers of public fundsCourt's conservative justices power the 6-3 rulingBy Andrew Chung WASHINGTON, June 26 (Reuters) - The U.S. Supreme Court cleared the way on Thursday for South Carolina to strip Planned P...Reuters
Thu, Jun 26
Fintech firm Pine Labs seeks up to $6 billion valuation in India IPO, source says
By Vivek Kumar M June 26 (Reuters) - Indian fintech firm Pine Labs' PINL.NS initial public offering could be worth about $1 billion and the company is seeking a valuation of up to $6 billion, a source familiar with the matter said on Thursday. Pine Labs is looking to issue fresh shares w...Reuters
Thu, Jun 26
GE Appliances Announces $490 Mln Laundry Plant Investment In Kentucky
June 26 (Reuters) - GE Appliances:GE APPLIANCES: ANNOUNCES $490 MILLION LAUNDRY PLANT INVESTMENT AT ITS GLOBAL HEADQUARTERS IN LOUISVILLE, KENTUCKYGE APPLIANCES: INVESTMENT TO CREATE 800 NEW JOBS AND RESHORE PRODUCTION FROM CHINA TO KENTUCKYReuters
Thu, Jun 26
MOVES-Italy's Ambienta hires two new partners from Ardian to run new small cap fund
MILAN, June 26 (Reuters) - Italian private equity firm Ambienta said on Thursday it had hired two new partners as it set up the investment team that will manage a fund dedicated to small businesses which has just raised around 500 million euros ($585 million).The commitments received by Ambienta'...Reuters
Thu, Jun 26
Credila Financial Services Files For IPO - Draft Papers
June 26 (Reuters) - Credila Financial Services Ltd HDFR.NS:CREDILA FINANCIAL SERVICES FILES FOR IPO - DRAFT PAPERSCREDILA FINANCIAL IPO: FRESH ISSUE OF SHARES WORTH UP TO 30 BILLION RUPEESCREDILA FINANCIAL IPO: EXISTING SHAREHOLDERS SELLING SHARES WORTH 20 BILLION RUPEESCREDILA FINANCIAL IPO: AXIS C...Reuters
Thu, Jun 26
Lilly to launch Mounjaro pen in India as Novo rivalry heats up in mega market
June 26 (Reuters) - India's drug regulator on Thursday approved the launch of pre-filled injector pens of Eli Lilly's LLY.N blockbuster weight-loss drug, Mounjaro, giving the company more options to compete with rival Novo Nordisk's NOVOb.CO recently launched Wegovy.India, th...Reuters
Thu, Jun 26
Olympics-IOC to take lead in gender eligibility criteria, says Coventry
LAUSANNE, Switzerland, June 26 (Reuters) - The International Olympic Committee will spearhead discussions on gender eligibility criteria in sports, its new President Kirsty Coventry said on Thursday, four years after the ruling body had urged federations to handle the issue independently.Coventry, w...Reuters
Thu, Jun 26
UK PM Starmer's authority tested as domestic struggles overshadow summit diplomacy
Starmer's authority on the line over welfare cutsGovernment could lose first parliamentary voteDisability cuts contentious for Labour lawmakersMinisters seek compromise with rebelsBy Andrew MacAskill and Elizabeth Piper LONDON, June 26 (Reuters) - British Prime Minister Keir Starmer was asked...Reuters
Thu, Jun 26
