News
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Poland urges US to pressure Russia over the war in Ukraine
WARSAW, May 8 (Reuters) - Polish Foreign Minister Radoslaw Sikorski urged U.S. President Donald Trump on Thursday to pressure Russia to "be more reasonable" over the war in Ukraine. "I fail to see a single concession on the part of Putin, and I hope that President Trump, being so well kn...Reuters
Thu, May 8
CRC Specialty adds O'Daniel, Jacobus from RT, and Marsh from RPS
By Isha MaratheMay 8 - (The Insurer) - CRC Group has bolstered its specialty team with the hires of Matt O'Daniel as senior broker, Tanya Jacobus as property broker in Dallas, Texas, and Nick Marsh as a senior underwriting team leader specializing in transportation in the Boise, Idaho office. O...Reuters
Thu, May 8
Industry bodies urge Senate to pass bipartisan Fix Our Forests Act
By Mia MacGregorMay 8 - (The Insurer) - Four insurance industry associations have sent a joint letter to Senate leaders urging the passage of the bipartisan Fix Our Forests Act (S 1462). The legislation aims to reducing wildfire risk, protecting communities and building national resilience.According...Reuters
Thu, May 8
MSIG USA hires Beirne as chief actuary and James as CRO
By Isha MaratheMay 8 - (The Insurer) - MSIG USA has appointed Tony Beirne, former chief actuary at Cover Whale, as chief actuary and Dale James, former chief risk officer at Alleghany Corp, as chief risk officer. Both executives will report to Peter McKenna, CEO of MSIG USA."These appointme...Reuters
Thu, May 8
Gallagher acquires Texas-based Dean R Casey & Associates
By Mia MacGregorMay 8 - (The Insurer) - Arthur J Gallagher has acquired Dallas, Texas-based employee benefits brokerage Dean R. Casey & Associates. Terms of the transaction were not disclosed.Founded in 1998, Dean R. Casey & Associates serves primarily small- and mid-size group clients and i...Reuters
Thu, May 8
Nestle lines up Rothschild for water unit sale, sources say
Water unit could be valued at 5 billion euros or more - source Nestle aiming to keep a stake in the business, sources saySeveral private equity companies interested, sources sayBy Amy-Jo Crowley, Andres Gonzalez and Richa Naidu LONDON, May 8 (Reuters) - Nestle NESN.S has hired Rothschild to advis...Reuters
Thu, May 8
Choice Financial Group names Dillow president and COO
By Mia MacGregorMay 8 - (The Insurer) - Virginia-based insurance broker Choice Financial Group has promoted Troy Dillow to president and chief operating officer.Dillow became part of the organization in 2021, initially joining as its first merger partner following the acquisition of Bernier Insuranc...Reuters
Thu, May 8
Trucordia acquires Virginia-based Huffman Insurance
By Mia MacGregorMay 8 - (The Insurer) - Trucordia has acquired the insurance business of Huffman Insurance, a Virginia-based company offering personal and commercial solutions.Founded in 1968, Huffman Insurance provides auto, home, business, and life insurance, with offices across Virginia, includin...Reuters
Thu, May 8
Bridge Specialty Group acquires Mississippi-based wholesale broker TPI
By Mia MacGregorMay 8 - (The Insurer) - Bridge Specialty Group, the wholesale broking division of Brown & Brown, has acquired the assets of Mississippi-based full-service wholesale insurance brokerage Tim Parkman, Inc (TPI).Founded in 2002, TPI initially focused on personal lines but has since e...Reuters
Thu, May 8
Sompo appoints Walsh to succeed Shea as non-executive chairman of SIH board
By Isha MaratheMay 8 - (The Insurer) - Sompo has appointed Nicholas Walsh as an independent non-executive chairman of its board of directors for Sompo International Holdings, succeeding James Shea, who was appointed CEO of Sompo P&C in April. Walsh, who has been an independent non-executive dir...Reuters
Thu, May 8
ALK-Abello Says Itulatek Approved For Treatment Of Children And Adolescents In Canada
May 8 (Reuters) - ALK-Abello A/S ALKb.CO:REG-ITULATEK® APPROVED FOR TREATMENT OF CHILDREN AND ADOLESCENTS IN CANADAPAEDIATRIC REGULATORY REVIEWS IN SWITZERLAND, UK ARE EXPECTED TO COMPLETE IN 2025Further company coverage: [ALKb.CO]Reuters
Thu, May 8
Brewers confident of growth despite tariffs threat to sales
Strong first-quarter results boost hopes for this year Brewers shielded by local production and geographic spread, investors and companies sayAB InBev says impact of aluminium tariffs 'not relevant' Carlsberg and Heineken more reliant on Africa and Asia By Emma Rumney LONDON, May 8 (Reute...Reuters
Thu, May 8
Canopius appoints Varghese as head of marine
By Isha MaratheMay 8 - (The Insurer) - Canopius has appointed Neetu Varghese as head of marine, U.S., taking on the role after having served as national cargo manager at the (re)insurer since 2023.Chicago-based Varghese has over 20 years of experience in the industry. Before joining Canopius in 202...Reuters
Thu, May 8
Rubio calls Pakistan PM Sharif, urges Islamabad and New Delhi to step back
ISLAMABAD, May 8 (Reuters) - U.S. Secretary of State Marco Rubio called Pakistan Prime Minister Shehbaz Sharif on Thursday and stressed on the need for India and Pakistan to work closely to de-escalate their conflict, Sharif's office said in a statement.Reuters
Thu, May 8
Hikma Pharma to pay $50 million to settle narcolepsy drug antitrust case
By Mike Scarcella May 8 (Reuters) - Hikma Pharmaceuticals HIK.L has agreed to pay $50 million to settle a class action accusing the drugmaker of scheming to delay a generic version of Jazz’s blockbuster narcolepsy drug Xyrem, causing health plans to pay higher prices.The proposed settlement filed...Reuters
Thu, May 8
Zurich reveals additional $100 million top layer on group cat reinsurance program
By Rebecca DelaneyMay 8 - (The Insurer) - Zurich has purchased an additional $100 million top layer on its group catastrophe reinsurance protection, as well as purchasing global aggregate protection for lower layers in April, group chief financial officer Claudia Cordioli said on Thursday.Cordioli c...Reuters
Thu, May 8
Carlyle Group Reports Q1 Total Revenue Of $973.1 Million
May 8 (Reuters) - Carlyle Group Inc CG.O:CARLYLE GROUP Q1 TOTAL REVENUE $973.1 MILLION VERSUS IBES ESTIMATE $983.8 MILLIONCARLYLE GROUP TOTAL AUM AT MARCH 31 $453 BILLION VERSUS IBES ESTIMATE $366.61 BILLIONCARLYLE GROUP Q1 POST TAX DISTRIBUTABLE EPS $1.14CARLYLE GROUP Q1 DIVIDEND $0.35 PER SHARECAR...Reuters
Thu, May 8
Vertical Aerospace And Honeywell Expand Partnership For Electric Vertical Take-Off And Landing Aircraft VX4
May 8 (Reuters) - Honeywell International Inc HON.O:VERTICAL AEROSPACE : CO AND HONEYWELL EXPAND PARTNERSHIP FOR ELECTRIC VERTICAL TAKE-OFF AND LANDING (EVTOL) AIRCRAFT VX4VERTICAL AEROSPACE : EXPANDED PARTNERSHIP HAS POTENTIAL $1 BILLION CONTRACT VALUE OVER NEXT DECADEVERTICAL AEROSPACE : INTENDS ...Reuters
Thu, May 8
Veolia Buys Alagoas Ambiental, Serquip Tratamentos Resíduos Al in Brazil
May 8 (Reuters) - Veolia Environnement SA VIE.PA:VEOLIA EXPANDS OPERATIONS IN BRAZIL WITH STRATEGIC ACQUISITION IN THE STATE OF ALAGOASACQUISITION OF ALAGOAS AMBIENTAL AND SERQUIP TRATAMENTOS RESÍDUOS ALWITH THIS EXPANSION, APPROXIMATELY 380 EMPLOYEES WILL JOIN VEOLIA'S TEAMNEWLY ACQUIRED FACILI...Reuters
Thu, May 8
