News
Important Only
US agency says nearly 7% of air travelers do not have 'REAL ID'
WASHINGTON, May 20 (Reuters) - Nearly 7% of U.S. travelers are not complying with new enhanced ID requirements to enter airport security checkpoints since rules took effect about two weeks ago, the Transportation Security Administration said Tuesday.Homeland Security Secretary Kristi Noem said that ...Reuters
Tue, May 20
GTCR to sell insurance data provider Itel to Thoma Bravo's Nearmap
By Isha MaratheMay 20 - (The Insurer) - Private equity firm GTCR has signed a definitive agreement to sell insurance data and analytics provider Itel Laboratories to Thoma Bravo-owned property casualty technology company Nearmap, based in Australia. The financial terms of the deal were not disclose...Reuters
Tue, May 20
Everest adds former Chubb executive Page to board
By Isha MaratheMay 20 - (The Insurer) - Everest Group has added Darryl Page as an independent, non-executive member of its board of directors.Page has over 40 years of experience in the industry. Most recently, he served as division president of international personal lines at Chubb, focusing on th...Reuters
Tue, May 20
CORRECTED-Apple supplier Foxconn to invest $1.5 billion in India unit
May 20 (Reuters) - Apple supplier Foxconn 2317.TW will invest $1.5 billion in its India unit, the company said in a filing, as the iPhone maker shifts more manufacturing out of tariff-hit China.Foxconn's Singapore-based subsidiary will buy 12.77 billion shares worth 10 rupees apiece, amounting t...Reuters
Tue, May 20
Vietnam approves establishment of Sun PhuQuoc Airways, state media says
HANOI, May 20 (Reuters) - Vietnam's Prime Minister, Pham Minh Chinh, has approved the establishment of a new airline, Sun PhuQuoc Airways, the official Vietnam News Agency reported on Tuesday. The airline, parent company of which is real estate and hospitality developer Sun Group, will begin ope...Reuters
Tue, May 20
World acquires two South Carolina-based insurance agencies
By Isha MaratheMay 20 - (The Insurer) - World Insurance Associates acquired South Carolina's Owens Insurance Agency and Stokes Farnham Insurance Agency, providers of commercial, personal, life and health, and bond insurance products.The acquisition took place on January 1. The financial terms o...Reuters
Tue, May 20
UK's Adriatic Metals in takeover talks with Dundee Precious Metals, Sky News reports
May 20 (Reuters) - UK's Adriatic Metals ADT1.L is in early stages of takeover talks with Canadian peer Dundee Precious Metals DPM.TO, which could value the British firm at about 700 million pounds ($935.27 million), Sky News reported on Tuesday.The companies did not immediately respond to Reute...Reuters
Tue, May 20
Ryan Specialty acquires Ireland-based MGU 360 Underwriting
By Mia MacGregorMay 20 - (The Insurer) - Ryan Specialty has acquired 360 Underwriting, a Dublin-based MGU specialising in commercial construction. Terms of the deal were not disclosed.360 is based in Dublin and Galway and specialises in commercial construction. The MGU is led by managing directors P...Reuters
Tue, May 20
CANADA RESEARCH ROUNDUP-Canadian Pacific Kansas City, RBC, Westshore Terminals Investment
May 20 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Canadian Pacific Kansas City, RBC and Westshore Terminals Investment on Tuesday. HIGHLIGHTS * Canadian Pacific Kansas City CP.TO: CIBC raises PT to C$124 from C$119* Interren...Reuters
Tue, May 20
Intact promotes Belair to technology president in North America
By Isha MaratheMay 20 - (The Insurer) - Intact Insurance Specialty Solutions has appointed Aaron Belair as president of technology for its North American operations.Belair, who joined Intact in 2019, has held several positions at the company spanning technology, multinational and, most recently, Eu...Reuters
Tue, May 20
RPS names Caruso national casualty president
By Isha MaratheMay 20 - (The Insurer) - Risk Placement Services has appointed Ania Caruso, who was most recently managing director of the southeast region for Gallagher's casualty practice, as the national casualty president. In her new role at Gallagher-owned wholesaler RPS, Caruso will overse...Reuters
Tue, May 20
Justice Department official who resigned in Adams case joins law firm
By Sara Merken May 20 (Reuters) - John Keller, a former senior U.S. Justice Department lawyer who resigned in February amid a clash over the prosecution of New York City's mayor, has joined law firm Walden Macht Haran & Williams, the firm said on Tuesday.Keller was the acting head of the ...Reuters
Tue, May 20
Willis names Williamson as Canada leader within CRB
By Mia MacGregorMay 20 - (The Insurer) - Willis, a WTW business, has appointed Grant Williamson as Canada leader within its corporate risk and broking (CRB) business.Williamson joined WTW in October 2024 as deputy regional leader, chief commercial officer and head of strategy and execution for Willi...Reuters
Tue, May 20
Russia's Lavrov says radical groups engaged in 'ethnic cleansing' in Syria, TASS reports
MOSCOW, May 20 (Reuters) - Russian Foreign Minister Sergei Lavrov said that Moscow is deeply concerned by what he said was ethnic cleansing being carried out by "radical militant groups" in Syria, Russian state news agency TASS reported on Tuesday.TASS cited Lavrov as saying of Syria: "R...Reuters
Tue, May 20
Telekom wins TV rights to 2026 soccer World Cup, says Bild newspaper
May 20 (Reuters) - Telecoms giant Deutsche Telekom DTEGn.DE has secured Germany's broadcasting rights for the men's soccer FIFA World Cup championship in 2026, Bild reported on Tuesday. MagentaTV, the company's television business, could then broadcast all 104 matches in the U.S., Mexic...Reuters
Tue, May 20
Cowbell promotes Chan Tsin to resiliency services SVP
By Michael LoneyMay 20 - (The Insurer) - Cyber insurtech Cowbell has promoted Matthieu Chan Tsin to senior vice president, resiliency services.Chan Tsin now leads Cowbell Resiliency Services, a new initiative launched to help U.S. and UK businesses strengthen cyber defenses in response to the growin...Reuters
Tue, May 20
Turkey's spy chief, Syria's Sharaa discuss Kurdish militants disarming, source says
ANKARA, May 20 (Reuters) - Turkey's intelligence chief and Syrian President Ahmed al-Sharaa discussed the Kurdish YPG militant group laying down its weapons and integrating into Syrian security forces during talks in Syria, a Turkish security source said on Tuesday."The YPG laying down its w...Reuters
Tue, May 20
Cyclone pool drives 39% drop in premiums for high-risk areas
By Ryan HewlettMay 20 - (The Insurer) - Australia’s state-backed cyclone reinsurance pool has helped cut home insurance premiums for the highest cyclone risk areas by 39% since launch in July 2022, according to new data.The pool, operated by the Australian Reinsurance Pool Corporation (ARPC), has al...Reuters
Tue, May 20
REFILE-Canopius announces two senior hirings in APAC team
By Navneeta NandanMay 20 - (The Insurer) - Canopius Group has appointed Chen Zhang as head of claims for the Asia Pacific region, the company said on Monday.In addition, Channing Chiu has been appointed to the newly created role of Asia Pacific regional strategy and transformation lead.Both report ...Reuters
Tue, May 20
London-Listed Miner Adriatic Metals In £700M Takeover Talks- Sky News
May 20 (Reuters) - LONDON-LISTED MINER ADRIATIC METALS IN £700M TAKEOVER TALKS- SKY NEWSADRIATIC METALS IS IN THE VERY EARLY STAGES OF DISCUSSIONS WITH DUNDEE PRECIOUS METALS- SKY NEWSSource text: https://tinyurl.com/ycymm8ywReuters
Tue, May 20
