News
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REFILE-Bunge's merger with Viterra stalled by US-China trade tensions, Bloomberg says
May 2 (Reuters) - Bunge Global's BG.N $34 billion merger with Glencore-backed GLEN.L Viterra is being stalled by trade tensions between the U.S. and China, Bloomberg News reported on Friday, citing people familiar with the matter.Reuters
Fri, May 2
Markel looks to 'double down' in US wholesale and specialty
By Chris MunroMay 2 - (The Insurer) - Markel plans to “double down” on its commitment to the U.S. wholesale and specialty sector in response to what Markel Insurance CEO Simon Wilson said is a “structural shift” of business moving to the E&S channel.This publication reported in April that Markel...Reuters
Fri, May 2
Sailing-Team racing returns with new boats, bold format
Revamped format features sleek Sonar keelboats, simpler scoring systemGender balance rule requires teams to include at least two men and two womenNewcomers from Argentina, Greece, Bahamas, Sweden join established powersNEWPORT, Rhode Island, May 2 (Reuters) - After a decade becalmed in sporting limb...Reuters
Fri, May 2
Unilever to invest $400 million in new Mexican factory
MEXICO CITY, May 2 (Reuters) - Consumer goods company Unilever ULVR.L said on Friday that it will invest 8 billion pesos ($407.44 million) in a new factory in the northern Mexican state of Nuevo Leon. The investment, which was announced at the daily morning press conference of Mexican President Clau...Reuters
Fri, May 2
Britain's King Charles to attend Canada's state opening of parliament, palace says
LONDON, May 2 (Reuters) - Britain's King Charles and his wife Queen Camilla will visit Canada from May 26 to May 27, Buckingham Palace said on Friday.The royal couple will attend the State Opening of the Parliament of Canada in Ottawa, the statement said.Reuters
Fri, May 2
California leaders introduce Safe Homes Act to address wildfire and insurance crises
By Mia MacGregorMay 1 - (The Insurer) - California leaders have introduced the California Safe Homes Act (Assembly Bill 888), aimed at enhancing the safety of homes against wildfires and improving access to insurance. The Act, sponsored by Insurance Commissioner Ricardo Lara, successfully passed the...Reuters
Fri, May 2
TWFG buys Paul Mears in North Carolina and Denise Davis Insurance in Texas
By Isha MaratheMay 1 - (The Insurer) - Texas-based insurance agency TWFG has acquired Paul Mears Insurance Group in North Carolina and Denise Davis Insurance in Texas, bringing owner Denise Davis aboard as vice president of retail operations at TWFG.The financial terms of the deals were not disclos...Reuters
Fri, May 2
Universal board authorises $20 million share repurchase
By Isha MaratheMay 2 - (The Insurer) - Universal Insurance Holdings' board of directors has authorised a new share repurchase programme under which the Florida carrier may repurchase up to $20 million of its outstanding common stock through May 1, 2027.The share repurchases can be made by Unive...Reuters
Fri, May 2
Eversource Energy's first-quarter profit rises on higher electricity rates
May 2 (Reuters) - Eversource Energy ES.N reported a rise in first-quarter profit on Thursday, as the U.S. electric and water utility benefited from higher electricity rates.Regulated utilities use rate case proceedings to seek power price increases, basing their appeals on their investments or expen...Reuters
Fri, May 2
Ryan Specialty completes USQRisk acquisition
By Mia MacGregorMay 2 - (The Insurer) - Ryan Specialty has completed the acquisition of certain assets of alternative risk transfer-focused MGA USQRisk Holdings. The acquisition, announced in late April, integrates USQ into Ryan Specialty's alternative risk business. Founded in 2020 by a managem...Reuters
Fri, May 2
India and UK look to clinch trade deal in new London meeting
U.S. tariff-induced trade turmoil looms over negotiationsTalks resumed after earlier visit ended without final agreementFew issues remain, tariffs on whisky and autos finalisedBy Alistair Smout LONDON, May 2 (Reuters) - British trade minister Jonathan Reynolds met his Indian counterpart Piyush Go...Reuters
Fri, May 2
EXCLUSIVE-NATO chief Rutte floats including broader security spending to meet Trump defence target
By Andrew Gray and Lili Bayer BRUSSELS, May 2 (Reuters) - NATO chief Mark Rutte has proposed alliance members boost defence spending to 3.5% of GDP and commit a further 1.5% to broader security-related spending to meet Donald Trump’s demand for a 5% target, people familiar with the idea told Reut...Reuters
Fri, May 2
EXCLUSIVE-NATO chief Rutte floats two-tier spending plan to meet Trump target
BRUSSELS, May 2 (Reuters) - NATO chief Mark Rutte has proposed alliance members boost defence spending to 3.5% of GDP and spend a further 1.5% on other defence-related items to meet Donald Trump’s demand for a 5% target, people familiar with the idea told Reuters.Rutte’s proposal could allow the U.S...Reuters
Fri, May 2
AIG’s Lexington grew NWP 23% in Q1 with submissions up 30%
By David BullMay 2 - (The Insurer) - Lexington was the biggest driver of the 14% net premium written (NPW) growth recorded by AIG’s North America commercial insurance division in Q1, with the wholesale-only unit growing by 23% led by a 27% expansion in casualty.AIG chairman and CEO Peter Zaffino pro...Reuters
Fri, May 2
WTW acquires California-based trade credit insurer CFS
By Mia MacGregorMay 2 - (The Insurer) - Willis has acquired specialty credit insurance brokerage CFS International, based in Irvine, California. Founded in 1990, CFS specializes in trade credit insurance solutions for global firms. “Bringing CFS into WTW further demonstrates our commitment to buildi...Reuters
Fri, May 2
INSIGHT-How Trump blindsided Netanyahu with his Iran nuclear gamble
Trump's pivot to diplomacy shocks Netanyahu, who sought U.S. backing for military strikeNetanyahu wants zero enrichment and dismantling of Iran's nuclear infrastructureIran open to expanded IAEA access, demands guarantees against future U.S. withdrawal from nuclear pactIran considers exporti...Reuters
Fri, May 2
REFILE-DIARY-Political and General News Events from May 2
May 2 (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
Fri, May 2
