News
Important Only
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
Aon names DiLorenzo head of US casualty for reinsurance solutions
By Mia MacGregorMay 2 - (The Insurer) - Aon has promoted Anthony DiLorenzo to head of U.S. casualty for reinsurance solutions, effective immediately. He takes over the role from Amanda Lyons, who was appointed as Aon's global product leader for reinsurance solutions in May 2024. DiLorenzo joined...Reuters
Fri, May 2
Ukraine's parliament will vote on ratifying U.S. minerals deal on May 8, lawmaker says
KYIV, May 2 (Reuters) - Ukraine's parliament will hold a vote on May 8 to ratify a minerals deal signed with the United States earlier this week, a lawmaker said on Friday, while the prime minister suggested the agreement will help Kyiv with supplies of air defence systems. Ukraine and the U.S. ...Reuters
Fri, May 2
Huge New York sign tells under-fire Valencia leader he need not return home
MADRID, May 2 (Reuters) - A giant digital sign in New York's Times Square told beleaguered Spanish politician Carlos Mazon on his visit to the city that he had "228 reasons not to come home", in reference to how many people died in October's flash floods on the Valencian regional lea...Reuters
Fri, May 2
Gallagher Re produces 20% Q1 organic growth amid favorable reinsurance buying environment
By Michael LoneyMay 2 - (The Insurer) - Arthur J Gallagher’s reinsurance, wholesale and specialty businesses’ organic growth accelerated sequentially to 13% in the first quarter, including 20% organic growth at Gallagher Re and 8% from the wholesale and specialty businesses. After markets closed on ...Reuters
Fri, May 2
CNA Financial Corp expected to post earnings of $1.14 a share - Earnings Preview
CNA Financial Corp CNA.N, CNA is expected to report results on May 5 for the period ending March 31 2025LSEG's mean analyst estimate for CNA Financial Corp is for earnings of $1.14 per share. The current average analyst rating on the shares is "hold" and the breakdown of recommendations...Reuters
Fri, May 2
Brit Q1 combined ratio deteriorates 7.4 points to 97.6%
Brit GWP up 7.4% to $781 millionFirst disclosures since Brit and Ki separated on January 1, 2025Ki's combined ratio worsens by 10.1 points to 98.3%By Michael JonesMay 2 - (The Insurer) - Brit Insurance generated an undiscounted combined ratio of 97.6% for the first quarter of 2025, a deteriorati...Reuters
Fri, May 2
WEC Energy Group Inc expected to post earnings of $2.18 a share - Earnings Preview
WEC Energy Group Inc WEC.N, WEC is expected to show a rise in quarterly revenue when it reports results on May 6 for the period ending March 31 2025The Milwaukee Wisconsin-based company is expected to report a 5.4% increase in revenue to $2.824 billion from $2.68 billion a year ago, according to t...Reuters
Fri, May 2
Zentalis Pharmaceuticals Inc expected to post a loss of 64 cents a share - Earnings Preview
Zentalis Pharmaceuticals Inc ZNTL.OQ ZNTL.O is expected to show a fall in quarterly revenue when it reports results on May 5 (estimated) for the period ending March 31 2025LSEG's mean analyst estimate for Zentalis Pharmaceuticals Inc is for a loss of 64 cents per share. The current average ana...Reuters
Fri, May 2
Exagen Inc expected to post a loss of 20 cents a share - Earnings Preview
Exagen Inc XGN.OQ XGN.O is expected to show a rise in quarterly revenue when it reports results on May 5 for the period ending March 31 2025The Vista California-based company is expected to report a 0.9% increase in revenue to $14.543 million from $14.42 million a year ago, according to the mean e...Reuters
Fri, May 2
