News
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Big Ticket expands into casualty and cyber markets
By Edward CarronJune 10 - (The Insurer) - Big Ticket, the industry-backed shared corporate data platform, plans to have a new casualty module live in the second half of 2025 and has fast-tracked development of a cyber offering, the company said on Tuesday.Launched at the 2023 Airmic conference in M...Reuters
Tue, Jun 10
Search startup Glean's valuation hits $7.2 billion in AI funding boom
By Ateev Bhandari and Arasu Kannagi BasilJune 10 (Reuters) - Glean said on Tuesday it was valued at $7.2 billion in its latest funding round - the third capital raise for the U.S. enterprise AI search startup in less than two years. The round marks a nearly 57% jump in valuation for Glean, undersco...Reuters
Tue, Jun 10
Hub adds Hellman & Friedman's Srinivasan to board of directors
By Isha MaratheJune 10 - (The Insurer) - Hub has added Sri Srinivasan, a leader in artificial intelligence, digital transformation and business innovation, to its board of directors, bringing its members to a total of 11. Srinivasan is a product and technology leader at Hellman & Friedman with ...Reuters
Tue, Jun 10
Epic adds WTW’s Calisto as SVP within law firm group
By Mia MacGregorJune 10 - (The Insurer) - Epic Insurance Brokers & Consultants has appointed Noreen Calisto from WTW as senior vice president within its Epic law firm group. New York-based Calisto will report to Rob Herchert, the group's managing principal, and will support law firm clients ...Reuters
Tue, Jun 10
Trump aide criticizes Mexican president on Los Angeles protests
WASHINGTON, June 10 (Reuters) - U.S. Homeland Security Secretary Kristi Noem on Tuesday criticized Mexican President Claudia Sheinbaum for comments she said encouraged protests like those that have broken out in Los Angeles against immigration raids.In a press conference on Monday, Sheinbaum critici...Reuters
Tue, Jun 10
Golf-McIlroy hits reset button ahead of U.S. Open
By Frank PingueOAKMONT, Pennsylvania, June 10 (Reuters) - Rory McIlroy conceded on Tuesday that he did not know how hard it would be to stay motivated after completing a long-sought career Grand Slam at the Masters in April but hopes to hit the reset button in time for this week's U.S. Open.McI...Reuters
Tue, Jun 10
The Hartford adds Bartlett to board of directors
By Mia MacGregorJune 10 - (The Insurer) - The Hartford has appointed Thomas Bartlett, former CEO of American Tower Corp, to its board of directors, effective July 1. Bartlett served as CEO and president of the global real estate investment trust from 2020 through 2024, and was previously chief finan...Reuters
Tue, Jun 10
Submissions uptick following retail cyberattacks despite 'lagging' concerns
By Rebecca DelaneyJune 10 - (The Insurer) - A survey of Airmic members has indicated concern that cyber insurance solutions are still failing to meet the needs of businesses, the association said on Tuesday. However, carriers have reiterated that the standard product remains fit for purpose, with a ...Reuters
Tue, Jun 10
Bessent emerges as possible contender to succeed Fed's Powell, Bloomberg reports
June 10 (Reuters) - U.S. Treasury Secretary Scott Bessent has emerged as a possible candidate to succeed Federal Reserve Chair Jerome Powell, Bloomberg News reported on Tuesday, citing people familiar with the matter, a report immediately denied by the White House.Bessent joins a small list of Fed c...Reuters
Tue, Jun 10
US Justice Department 'weaponization' reviews spark calls to drop prosecutions
DOJ prosecution of former Tennessee politician nearly dismissed amid lobbying over weaponization, sources say"Weaponization" claims follow Trump's complaintsDOJ facing growing lobbying over weaponization claims, leading senior official to ask defense lawyers to tone it downBy Sarah N. Ly...Reuters
Tue, Jun 10
LA mayor says she'll call Trump, tell him to stop immigration raids
June 10 (Reuters) - Los Angeles Mayor Karen Bass said she would try to call President Donald Trump on Tuesday to tell him to stop federal immigration raids and instead focus attention on the 2026 World Cup, which will include some matches in the city."I'm going to put out a call to him today...Reuters
Tue, Jun 10
Sean 'Diddy' Combs' ex accuses him of abuse but testifies she still loves him
'He was my baby,' says woman identified as Jane Prosecutors say Combs used threats to coerce participation in sexual encountersDefense portrays accuser as willing participantJane says she researched terms to understand Combs' desiresBy Luc Cohen NEW YORK, June 10 (Reuters) - An ex-gir...Reuters
Tue, Jun 10
Israeli gunfire kills 17 people near Gaza aid site, health officials say
Israelis fire as thousands approach GHF aid site, Gaza authorities sayMany Gazans say they must walk for hours to reach the sitesAccess routes to the sites are beset by chaos, witnesses sayIsrael said warning shots were fired at suspectsBy Nidal al-Mughrabi CAIRO, June 10 (Reuters) - Israeli gunf...Reuters
Tue, Jun 10
Stellantis extends Italy voluntary redundancy scheme
ROME, June 10 (Reuters) - Stellantis STLAM.MI has expanded its voluntary redundancy scheme for Italy, affecting almost 700 workers at two plants in the south of the country, and bringing to almost 2,500 the planned workforce reduction this year, the carmaker said late on Tuesday."The company, wi...Reuters
Tue, Jun 10
Tennis-Raducanu leads British trio into Queen's Club second round, Krejcikova crashes out
LONDON, June 10 (Reuters) - Emma Raducanu had a comfortable straight sets win over Spain's Cristina Bucsa and was one of three Britons to reach the second round of the WTA 500 tournament at Queen's Club on Tuesday, while Wimbledon champion Barbora Krejcikova crashed out.Bucsa had won their o...Reuters
Tue, Jun 10
NTSB to hold hearing into fatal American Airlines collision with Army helicopter
WASHINGTON, June 10 (Reuters) - The National Transportation Safety Board will hold a three-day investigative hearing into the Jan. 29 collision of a Black Hawk helicopter with an American Airlines AAL.O passenger jet near Reagan Washington National Airport killing 67 people, the board's chair sa...Reuters
Tue, Jun 10
Drug pricing reform talks with US government lack clarity, industry executives say
By Bhanvi Satija and Christy Santhosh June 10 (Reuters) - Talks with the Trump administration about lowering U.S. drug prices have so far not provided clarity on when and how reduced prices will be implemented, top executives from Eli Lilly LLY.N and Merck MRK.N said at an industry conference on ...Reuters
Tue, Jun 10
JPMorgan CEO Says Will Look At Inorganic Growth Opportunities - Conference
June 10 (Reuters) - JPMorgan Chase JPM.N:JPMORGAN CEO JAMIE DIMON SAYS I WANT OUR PEOPLE LOOKING FOR M&A BUT I'M NOT PUSHING THEM TO DO IT - CONFERENCEJPMORGAN CEO SAYS WE ARE NOT GOING TO CHANGE THE ROTCE TARGETJPMORGAN CEO SAYS WELLS FARGO "IS BACK", THEIR PUNISHMENT WAS "GROSS...Reuters
Tue, Jun 10
