News
Important Only
Patriot Growth acquires construction and surety broker Cashion
By Isha MaratheMay 27 - (The Insurer) - Pennsylvania-based Patriot Growth Insurance Services has acquired Cashion Company, which specializes in construction risk management, surety bonding and captive insurance solutions for customers in Little Rock and Fayetteville, Arkansas.The financial terms of...Reuters
Tue, May 27
Kestrel and Maiden close merger, forming specialty program group
By Isha MaratheMay 27 - (The Insurer) - Kestrel Group and Maiden Holdings closed their combination agreement previously announced on December 30, 2024, to form a publicly listed specialty program group operating under the name Kestrel Group.Maiden shares will cease trading on the Nasdaq at the clos...Reuters
Tue, May 27
Tennis-Djokovic makes smooth start to bid for 25th Grand Slam title
By Karolos GrohmannPARIS, May 27 (Reuters) - Novak Djokovic braved strong winds and light rain but found little resistance from American Mackenzie McDonald, cruising into the French Open second round on Tuesday to start his bid for a record 25th Grand Slam crown.The sixth-seed Serbian, fresh from hi...Reuters
Tue, May 27
Brazil prosecutors sue BYD for violating labor rights
SAO PAULO, May 27 (Reuters) - Brazilian labor prosecutors filed a public civil action against Chinese carmaker BYD 002594.SZ for alleged human trafficking and "slavery-like conditions" for workers, according to a statement from the prosecutors office issued on Tuesday. Prosecutors are seekin...Reuters
Tue, May 27
Choice names Hilb chairman, adds Harrow as EVP
By Mia MacGregorMay 27 - (The Insurer) - Virginia-based broker Choice Financial Group has named CEO Bob Hilb to the additional role of chairman, and appointed Joe Harrow as executive vice president of the Mid-Atlantic.Hilb joined the company in 2021 and was promoted to CEO in 2022. His career includ...Reuters
Tue, May 27
United Risk names Christofer president and CCO amid broad recruitment drive
By Mia MacGregorMay 27 - (The Insurer) - Newly spun-off United Risk has appointed Richard Christofer as president and chief commercial officer, and bolstered its underwriting and claims teams with 29 new appointments.Christofer joined Applied Underwriters, from which United Risk separated in April, ...Reuters
Tue, May 27
Ahead of trade talks, Brussels seeks detail on firms' US spending
European corporate spending could help re-industrialise USTrump backtracked on threat of 50% tariffs following call with Commission presidentSome German companies are losing interest in US investment, survey findsBy Victoria Waldersee and Christina Amann BERLIN, May 27 (Reuters) - European Union ...Reuters
Tue, May 27
Exclusive: Balance Partners’ Springboard adds Certus’ Lee as president
By Chris MunroMay 27 - (The Insurer) - Balance Partners’ Springboard Outsourced Services has brought in Brian Lee as president, with the recruit brought in to lead the back-office support-focused subsidiary’s growth push.Springboard provides underwriters with back-office support, including policy ma...Reuters
Tue, May 27
BAT's Unit Intends To Sell c.2.3% Of Issued Ordinary Share Capital In ITC Limited
May 27 (Reuters) - British American Tobacco PLC BATS.L:BRITISH AMER.TOBACCO - LAUNCH OF PROPOSED BLOCK TRADE OF ITC SHARESBAT: CO'S UNIT INTENDS TO SELL C.2.3 PER CENT OF ISSUED ORDINARY SHARE CAPITAL IN ITC LIMITED TO INSTITUTIONAL INVESTORSBAT - TRANSACTION HAS NO IMPACT ON 2025 OR 2026 GUIDA...Reuters
Tue, May 27
US Supreme Court spurns Native American challenge to Rio Tinto's Arizona copper project
Trump administration seeks to allow the mine's developmentJustice Gorsuch compares outcome to demolishing a cathedral Local mayor welcomes mining project as "an economic boon"By Nate Raymond, Ernest Scheyder May 27 (Reuters) - The U.S. Supreme Court declined on Tuesday to hear a Nativ...Reuters
Tue, May 27
Telus to invest over $50 billion in Canada over next five years
May 27 (Reuters) - Telus T.TO is investing more than C$70 billion ($50.88 billion) in Canada over the next five years to expand its network infrastructure in the country, the communications technology company said on Tuesday. ($1 = 1.3759 Canadian dollars)Reuters
Tue, May 27
Protecdiv hires WTW's Puckett as EVP and public sector practice leader
By Isha MaratheMay 27 - (The Insurer) - Philadelphia-based Protecdiv has hired Tamika Puckett, former public sector division leader at WTW, as executive vice president and public sector practice leader. She will lead the development and execution of Protecdiv’s risk management strategies for public...Reuters
Tue, May 27
DIARY-Political and General News Events from May 27
May 27 (Reuters) - For other diaries, please see:Political and General News POL/DIARYTop Economic Events M/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt Auctions D/DIARYU.S. Federal Reserve FED/DIARYToday in Washington WASH/DIARY ---------...Reuters
Tue, May 27
King Charles expresses love for Canada, says it will remain 'strong and free'
OTTAWA, May 27 (Reuters) - King Charles, speaking during a symbolic visit to show support for Canada at a time it has faced U.S. annexation threats, on Tuesday expressed his love for Canada and said the country would remain "strong and free".Charles, Canada's head of state, is the first ...Reuters
Tue, May 27
Thielen: Liberty Mutual has cyber growth ambitions but will put profitability first
By James ThalerMay 27 - (The Insurer) - Liberty Mutual has ambitions to build upon its top 15 position in the cyber market, with the company's incumbent position across P&C classes and account sizes meaning it can compete effectively, but underwriting profitability remains paramount, Patrick...Reuters
Tue, May 27
US-backed Gaza aid group says demand on Tuesday led to action to avoid casualties
UNITED NATIONS, May 27 (Reuters) - The U.S.-backed Gaza Humanitarian Foundation said the volume of people seeking aid at its distribution site was so great at one point on Tuesday that its team had to pull back to allow people to "take aid safely and dissipate" and to avoid casualties.It als...Reuters
Tue, May 27
