News
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Patriot Select assumes 12,000 Citizens policies in June takeout
By Michael LoneyJune 24 - (The Insurer) - Patriot Select Property and Casualty Insurance Company has assumed nearly 12,000 homeowners multi-peril insurance policies from Citizens Property Insurance Corporation.The takeout was effective June 17, with Patriot Select describing it as a “significant mil...Reuters
Tue, Jun 24
CANADA RESEARCH ROUNDUP-AG Growth International, Lundin Gold, Zedcor
June 24 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including AG Growth International, Lundin Gold and Zedcor on Tuesday.HIGHLIGHTS * AG Growth International Inc AFN.TO: TD Cowen raises target price to C$55 from C$48* Lundin Gold LUG.TO: Nat...Reuters
Tue, Jun 24
Bezos' Venice wedding party moved to isolated area on security concerns
By Sara Rossi MILAN, June 24 (Reuters) - A celebrity wedding party for Amazon founder Jeff Bezos and journalist Lauren Sanchez in Venice this week has been moved to an isolated, less accessible part of the lagoon city on security concerns and to prevent the risk of protests, sources said.The bill...Reuters
Tue, Jun 24
Fed's Powell says too early to know economic implications of Middle East conflict
June 24 (Reuters) - Federal Reserve Chair Jerome Powell on Tuesday said it was too soon to know what effects the escalating conflict in the Middle East might have on the U.S. economy."I think it's too early to know what any economic implications might be and I would not want to speculate,...Reuters
Tue, Jun 24
Supreme Court lifts limits on Trump deporting migrants to countries not their own
Judge restricted Trump deportations to 'third countries'US sought to send some deportees to unstable South SudanAdministration says it gives migrants adequate due process By Andrew Chung June 23 (Reuters) - The U.S. Supreme Court cleared the way on Monday for President Donald Trump's ...Reuters
Tue, Jun 24
US condemns 'repression' of Independence Day celebrations in Hong Kong
HONG KONG, June 24 (Reuters) - The United States condemned what it described as Hong Kong's "repression of U.S. Independence Day celebrations" after media reports on Tuesday that some schools had received "friendly reminders" warning students against taking part in such events.Th...Reuters
Tue, Jun 24
Ergo eyes Nordic growth with Ergo Forsikring AS merger
By Rebecca DelaneyJune 24 - (The Insurer) - Munich Re's Ergo Group has consolidated its presence in the Nordic region with the merger of Ergo Forsikring AS and Europæiske Rejseforsikring A/S.Danish travel insurance company Europæiske Rejseforsikring and Norwegian health insurance business Ergo F...Reuters
Tue, Jun 24
EXCLUSIVE-Le Pen's far-right French party rebuffed US offer of support, sources say
By Gabriel Stargardter and Elizabeth Pineau PARIS, June 24 (Reuters) - A U.S. State Department delegation met with senior officials from France's National Rally (RN) in late May, but their offer to publicly support figurehead Marine Le Pen after a court barred her from office was rebuffed by ...Reuters
Tue, Jun 24
Killer whales use seaweed as tools to groom each other
Whales observed in Salish Sea off western North AmericaBehavior is a rare instance of tool use by marine mammalsIt may promote skin health and strengthen social bondsBy Will Dunham June 24 (Reuters) - Killer whales are known for exceptional intelligence, displaying complex social structures and s...Reuters
Tue, Jun 24
Orion180 ups reinsurance placement by 31% to $845 million
By Michael LoneyJune 24 - (The Insurer) - Florida-based Orion180 has secured $845 million of reinsurance protection for the 2025 hurricane season, an increase of 31% from the previous year’s cover.The $845 million tower comprises both excess-of-loss and net quota share agreements, covering Orion180 ...Reuters
Tue, Jun 24
US arrests 11 Iranians in US illegally, Homeland Security says
WASHINGTON, June 24 (Reuters) - U.S. Immigration and Customs Enforcement officials have arrested 11 Iranian nationals in the country illegally, the U.S. Department of Homeland Security said in a statement on Tuesday.Authorities also arrested a U.S. citizen accused of threatening law enforcement an...Reuters
Tue, Jun 24
Polymarket close to raising $200 million at over $1 billion valuation, source says
June 24 (Reuters) - Polymarket is close to raising $200 million in a funding round that values the world's biggest prediction market at more than $1 billion, a person familiar with the matter told Reuters on Tuesday.Reuters
Tue, Jun 24
Battery maker Northvolt gets indicative bid, bankruptcy trustee tells Swedish radio
COPENHAGEN, June 24 (Reuters) - Northvolt's bankruptcy trustee has received an indicative bid from a foreign interested party for the company's business in Sweden, the trustee told Swedish radio on Tuesday.Northvolt filed for bankruptcy in March, making it one of Sweden's largest corpora...Reuters
Tue, Jun 24
Trump posts Rutte message congratulating him on 'decisive' Iran action
THE HAGUE, June 24 (Reuters) - U.S. President Donald Trump on Tuesday posted a screenshot from a message from NATO Secretary General Mark Rutte on Truth Social, congratulating him for his "decisive action" in Iran and getting all NATO allies to agree to spend at least 5% of their GDP on def...Reuters
Tue, Jun 24
REFILE-China says it supports Iran in safeguarding national sovereignty
BEIJING, June 24 (Reuters) - China supports Iran's commitment to safeguarding national sovereignty and security, and hopes a "real ceasefire" can be achieved on that basis, China's foreign minister told his Iranian counterpart on Tuesday, a Chinese ministry statement showed.Chinese F...Reuters
Tue, Jun 24
Trump says he will probably meet Zelenskiy at NATO summit
Ukraine wants Trump to sell it Patriot air defences, commit to tougher sanctions against RussiaWhite House official said meeting between the presidents is scheduled at NATO summit WASHINGTON, June 24 (Reuters) - U.S. President Donald Trump on Tuesday said he will probably meet Ukrainian President Vo...Reuters
Tue, Jun 24
Exclusive: AllDigital launches AI tool for MGAs, carriers to help automate underwriting
By James ThalerJune 23 - (The Insurer) - AllDigital Specialty is launching a new AI tool for MGAs and carriers which can be trained on their own underwriting data and is designed to enhance underwriter productivity and allow staff to more rapidly deliver bindable quotes.AllDigital was launched by fo...Reuters
Tue, Jun 24
