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John Neal's legacy: Lloyd's grows GWP by 56% in six years
By Henry GaleMay 27 - (The Insurer) - In the second part of our look back at John Neal's time in charge at Lloyd's, we reflect on his efforts to grow the Lime Street market over the past six and a half years.John Neal aimed for $100 billion in premiums by 2026Lloyd's growth driven by rat...Reuters
Wed, May 28
Saudi carrier flyadeal to start flights to Syria, CEO says
MANILA, May 28 (Reuters) - Saudi budget carrier flyadeal could start flying to Syria as early as July, CEO Steven Greenway said on Wednesday, joining a handful of foreign airlines introducing or resuming flights to the country as sanctions against it are scaled back. "We got approvals last week ...Reuters
Wed, May 28
Gallagher Re names Aon's Jang as Korea CEO
By Navneeta NandanMay 28 - (The Insurer) - Gallagher Re announced on Wednesday that it has appointed Chulmin Jang as chief executive for its Korea business.The incumbent CEO of Gallagher Korea Phil Won Jeong will now become its chairman.Jang joins from Aon, where he was president of the Korea divisi...Reuters
Wed, May 28
Thor Explorations Reports Q1 Revenue Of $64.0 Million
May 28 (Reuters) - Thor Explorations Ltd THX.V:THOR EXPLORATIONS Q1 EBITDA USD 43.6 MILLIONTHOR EXPLORATIONS Q1 NET INCOME USD 34.4 MILLIONTHOR EXPLORATIONS LTD - REVENUE OF US$64.0 MILLION IN Q1 2025THOR EXPLORATIONS LTD - EBITDA OF US$43.6 MILLION IN Q1 2025THOR EXPLORATIONS - PRODUCTION GUIDANCE ...Reuters
Wed, May 28
US-based Guidewire Software plans to double India headcount in three years
By Sai Ishwarbharath B BENGALURU, May 28 (Reuters) - Guidewire Software GWRE.N, a U.S.-based insurance technology provider, plans to double its India headcount to 1,000 by the end of 2028 as it expands its professional services division, a top executive told Reuters.India's transformation fro...Reuters
Wed, May 28
Saba Capital Says CYN To Conduct Tender Offer For Up To 100% Of Shares
May 28 (Reuters) - Saba Capital: SABA CAPITAL REACHES AGREEMENT WITH CQS NATURAL RESOURCES GROWTH & INCOME PLCSABA CAPITAL - CYN TO CONDUCT TENDER OFFER FOR UP TO 100% OF SHARESSABA CAPITAL - ENTERS STANDSTILL AGREEMENT WITH CYNReuters
Wed, May 28
Stellantis names Antonio Filosa as its new CEO, source says
MILAN, May 28 (Reuters) - Automaker Stellantis STLAM.MI has appointed Italian Antonio Filosa as its new chief executive, a source close to the matter said on Wednesday.The new CEO succeeds Carlos Tavares, who quit the group in December after a sharp drop in profits and sales, especially in the Unite...Reuters
Wed, May 28
Japan's quick-fix for bond markets sets a global test case
Japan's plan to issue more shorter tenor bonds calms marketsLatest JGB auction shows investors still expect higher yieldsAnalysts expect other governments will pile more debt at short endBy Vidya Ranganathan and Carolina Mandl SINGAPORE/NEW YORK, May 28 (Reuters) - Japan, one of the world'...Reuters
Wed, May 28
Citigroup's Polish unit presents strategic plan to transition to institutional banking by 2027
GDANSK, May 28 (Reuters) - Poland's Citi Handlowy BHW.WA announced late on Tuesday that it has established new strategic development directions for years 2025 through 2027, on the condition that an agreement to sell its consumer business to VeloBank is sealed. Upon finalising the transaction, th...Reuters
Wed, May 28
China being provocative, ignoring olive branches, top Taiwan policymaker says
Taiwan's top China policy maker: Beijing ignoring our goodwill'Impossible' to accept Taiwan as part of People's RepublicChina says 'scheming' for independence precludes talksChina stages several rounds of war games near TaiwanBy Ben Blanchard and Yimou LeeTAIPEI, May 28 (Reut...Reuters
Wed, May 28
Super-long JGB yields extend climb from multi-week lows after weak auction
TOKYO, May 28 (Reuters) - Long-dated Japanese government bond yields rose further from three-week lows on Wednesday, after demand at a closely watched 40-year bond auction dropped to its lowest level since July.Reuters
Wed, May 28
Russia says it downs 296 Ukrainian drones
MOSCOW, May 28 (Reuters) - Russia's defence ministry said on Wednesday that its air defence systems had downed 296 Ukrainian drones over 13 regions overnight.While world leaders bicker in public over the prospects for peace, the war is intensifying: swarms of drones are being launched by both si...Reuters
Wed, May 28
Russia detains French man who entered country on a paddle board
MOSCOW, May 28 (Reuters) - A French citizen who illegally crossed the Russian border on a paddle board from Estonia has been placed in detention for two months, a court in Russia's northern Leningrad region said.The man, who paddled from Estonia, was detained on the shore of the Narva reservoir ...Reuters
Wed, May 28
South Korea presidential frontrunner to seek phone call with Trump, if elected
SEOUL, May 28 (Reuters) - South Korea's leading presidential candidate Lee Jae-myung of the Democratic Party will seek a personal phone call with U.S. President Donald Trump, if elected, as the first step in engaging with Washington, Lee's foreign policy adviser said on Wednesday. Wi Sung-la...Reuters
Wed, May 28
REFILE-Japan's reusable rocket startup ISC eyes US test launch in December
By Kantaro Komiya YOKOHAMA, May 28 (Reuters) - A Tokyo-based rocket startup said on Wednesday it will test-launch a prototype in the United States in December using an American engine, aiming to achieve the first U.S.-Japan joint commercial launch and address Japan's rocket shortage.The glob...Reuters
Wed, May 28
Iran executes man accused of spying for Israel
DUBAI, May 28 (Reuters) - Iran executed a man accused of spying for Israel, according to a report from judiciary news outlet Mizan on Wednesday that identified him as Pedram Madani. Entangled in a decades-long shadow war with Israel, Iran has put to death many individuals it accuses of having links ...Reuters
Wed, May 28
Australia's opposition coalition reunites a week after split
By Alasdair PalSYDNEY, May 28 (Reuters) - Australia's conservative opposition coalition said on Wednesday it would reunite, a week after splitting over policy differences following a resounding election defeat.The Liberal and National parties have shared power for decades in state and federal po...Reuters
Wed, May 28
