News
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More insurers turn to parametric reinsurance, survey finds
By Henry GaleJune 5 - (The Insurer) - The demand for parametric reinsurance remained smaller than demand for commercial parametric insurance in 2024 but is growing more quickly, accordingly to a survey of senior market participants conducted by Parametric Insurer.Respondents, who included the heads ...Reuters
Thu, Jun 5
Trump has asked Balkan states to accept deportees, Bloomberg reports
June 5 (Reuters) - President Donald Trump's administration is pushing Serbia and other Balkan countries to take in migrants deported from the United States, Bloomberg News reported on Thursday. The requests to countries in the region form part of a broader U.S. strategy to find foreign governmen...Reuters
Thu, Jun 5
Brazen murders threaten Mexico City's image as pocket of safety in violent nation
Two aides of Mexico City mayor killed in point-blank shooting Murders shock city where political violence is unusualViolence could rise in a government crackdown, analysts say By Rafael Escalera Montoto MEXICO CITY, June 5 (Reuters) - On a Tuesday morning along a busy Mexico City avenue last mont...Reuters
Thu, Jun 5
ANALYSIS-Chile abortion rights bill could shape Boric legacy as Latin American neighbors look on
Chile bill would decriminalize abortion up to 14 weeksAbortion debate could influence next presidential elections Colombia and Mexico eased abortion limits but social conservatives are gaining momentum By Alexander Villegas and Lucinda Elliott VALPARAISO, Chile, June 5 (Reuters) - An effort by Ch...Reuters
Thu, Jun 5
WorldPride gathers in Washington as Trump rolls back LGBTQ+ rights
Parade to march within one block of White House groundsTransgender people plan to make a stand in face of rollbacksTrump calls DEI discrimination and has conservative supportBy Daniel Trotta WASHINGTON, June 5 (Reuters) - LGBTQ+ people from around the world gather in Washington this week for a pa...Reuters
Thu, Jun 5
IN CASE YOU MISSED IT–Schedule of Reuters features from this week
June 5 - Every week, Reuters journalists produce scores of multimedia features and human-interest stories from around the world.Below are some stories from this week selected by our editors, as well as explanatory context and background to help you understand world headlines. For a full schedule of ...Reuters
Thu, Jun 5
FOCUS-US faces vape shortage as China tariffs, seizures hit Geek Bar
By Emma RumneyLONDON, June 5 (Reuters) - Popular vape brands like Geek Bar may get more expensive in the U.S. - if you can find them at all.Shipments of vapes from China to the U.S. ground to a near halt in May from a year ago, official data shows, hit by U.S. President Donald Trump's tariffs an...Reuters
Thu, Jun 5
Spinnaker gets AM Best rating for $50 million surplus note to support growth
By David BullJune 5 - (The Insurer) - Hybrid fronting carrier Spinnaker Insurance Company has received a 'bbb' long-term issuer credit rating for its $50 million issue of surplus notes, which carry a 9.5% coupon and are due March 2040.In a statement, AM Best said the proceeds from the surplu...Reuters
Thu, Jun 5
NormanMax building Lloyd's consortium and expanding embedded distribution
By Henry GaleJune 5 - (The Insurer) - NormanMax is in the process of launching a consortium at Lloyd's as it seeks to grow its parametric natural catastrophe business, chief revenue officer Mark Groenheide told The Insurer TV.NormanMax Syndicate 3939 became the first Lloyd's syndicate dedica...Reuters
Thu, Jun 5
Parametric market grapples with changing value proposition
By Henry GaleJune 5 - (The Insurer) - Over recent years, much of the demand for parametric natural catastrophe coverage came from organisations facing challenging property insurance renewals in North America. 2025 marks a definitive change as a soft market sets in.Some of those who bought parametric...Reuters
Thu, Jun 5
China's Didi Q1 revenue rises 8.5% as recovery gains pace
BEIJING, June 5 (Reuters) - Chinese ride-hailing company Didi Global reported an 8.5% rise in revenue in the first quarter of 2025 to 53.3 billion yuan ($7.42 billion) on Thursday, as its recovery from a regulatory overhaul of its operations gathered pace.The Beijing-based company reported net inco...Reuters
Thu, Jun 5
Price Forbes Re enters life, pensions, and annuities with Sanday hire
By Ryan HewlettJune 5 - (The Insurer) - Price Forbes Re has expanded its offering with the hire of Isaac Sanday as global head of life, pensions and annuities.The company said in a statement on Thursday that Sanday joined the broker on June 2, 2025, and will be reporting directly to Roger Smith, hea...Reuters
Thu, Jun 5
Scor Business Solutions appoints Stewart head of crisis management
By Michael JonesJune 5 - (The Insurer) - Scor Business Solutions has promoted Kayley Stewart to the role of head of crisis management, the company said on Thursday.Stewart, who previously served as a senior underwriter, assumed her new position on June 1. In her new role, she will be responsible for...Reuters
Thu, Jun 5
FACTBOX-US companies announce layoffs to cut costs
June 5 (Reuters) - U.S. companies across sectors have initiated layoffs as they attempt to streamline operations amid economic uncertainties, following similar cutbacks seen last year.Job openings — a measure of labor demand — rose 191,000 to 7.391 million by the last day of April, the Labor Departm...Reuters
Thu, Jun 5
Aon appoints Poland its EMEA digital asset practice head
By Michael JonesJune 5 - (The Insurer) - Aon has appointed Rupert Poland as head of its digital asset practice for the EMEA region, the company said on Thursday.Poland, who will be based in London, will report to Tom Davis, executive director of Aon's EMEA financial services group.In his new rol...Reuters
Thu, Jun 5
Russia will respond to Ukrainian attacks as and when its military sees fit, Kremlin says
MOSCOW, June 5 (Reuters) - Russia will respond to Ukraine's latest attacks as and when its military sees fit, the Kremlin said on Thursday, confirming that President Vladimir Putin had told U.S. President Donald Trump that Moscow was obliged to retaliate.Ukraine used drones to strike Russian hea...Reuters
Thu, Jun 5
Humana to back curbs to Medicare Advantage billing practices, WSJ reports
June 5 (Reuters) - Humana HUM.N has told congressional staffers that it will support moves that would curtail billing practices worth billions in extra payments to the industry, the Wall Street Journal reported on Thursday, citing staffers and a document viewed by the newspaper.Reuters
Thu, Jun 5
LyondellBasell in talks to sell some European assets to AEQUITA
June 5 (Reuters) - Chemical maker LyondellBasell LYB.N said on Thursday it is in exclusive talks with Munich-based investment firm AEQUITA for the sale of certain olefin and polyolefin assets in Europe.LyondellBasell launched a strategic review of its European operations last year in a bid to naviga...Reuters
Thu, Jun 5
NZ Natural Hazards Commission secures record limit at June 1 renewal
By Ryan HewlettJune 5 - (The Insurer) - New Zealand’s Natural Hazards Commission Toka Tū Ake (NHC) increased the total limit on its reinsurance programme to NZ$10.3 billion ($6.2 billion) from June 1 to help protect the country’s homeowners from the impact of natural hazards.This marks an increase o...Reuters
Thu, Jun 5
