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Mexican govt negotiating with states about water they can send to US under deal, Sheinbaum says
MEXICO CITY, April 15 (Reuters) - Mexico's government is negotiating an agreement with states in the north of the country to determine how much water they can send to the United States to help make up its shortfall under a treaty that has strained U.S. relations, President Claudia Sheinbaum said...Reuters
Tue, Apr 15
Apple airlifted iPhones worth a record $2 billion from India in March as Trump tariffs loomed
Foxconn shipped $1.31 billion worth of iPhones in MarchTata Electronics exported $612 million worth of iPhones in MarchApple expedited shipments ahead of Trump's tariffsBy Aditya Kalra and Munsif Vengattil NEW DELHI, April 15 (Reuters) - Apple's main India suppliers Foxconn and Tata shipp...Reuters
Tue, Apr 15
Caterpillar names insider Joe Creed as successor to CEO Umpleby
By Shivansh Tiwary and Aishwarya JainApril 15 (Reuters) - Caterpillar CAT.N said on Tuesday that Chief Operating Officer Joe Creed would succeed Jim Umpleby as CEO, tapping an insider to help the construction equipment maker navigate the fallout of President Donald Trump's sweeping tariffs.Umple...Reuters
Tue, Apr 15
Q1 earnings preview: Tariffs, casualty, cats and pricing in focus
By David BullApril 15 - (The Insurer) - Travelers gets the first-quarter U.S. P&C earnings season underway for carriers on Wednesday and Marsh McLennan opens broker reporting on Thursday, with the potential fallout from ongoing tariff-related developments set to dominate analyst calls along with...Reuters
Tue, Apr 15
Romania tells US Congress group its presidential vote will be fair, transparent
BUCHAREST, April 15 (Reuters) - Romania is committed to ensuring its May presidential vote re-run is fair and transparent, after its election result in December was cancelled, interim President Ilie Bolojan told a U.S. Congress delegation on Wednesday.The European Union and NATO member will repeat i...Reuters
Tue, Apr 15
Law firm Susman Godfrey asks judge to block Trump executive order
By Mike Scarcella April 14 (Reuters) - A judge in Washington is set to hear arguments on Tuesday afternoon in the latest legal clash over President Donald Trump's punitive executive orders against major law firms.Law firm Susman Godfrey has asked U.S. District Judge Loren AliKhan to temporari...Reuters
Tue, Apr 15
Munich Re Specialty names Prosiegel as Digital Partners head
By Michael LoneyApril 15 - (The Insurer) - Munich Re Specialty–North America has appointed Jascha Prosiegel head of Digital Partners.Digital Partners provides insurtechs and digital distributors with go-to market partnerships built on Munich Re’s financial strength and expertise.Prosiegel will lead ...Reuters
Tue, Apr 15
Trump says Harvard could lose its tax exempt status - Truth Social
April 15 (Reuters) - President Donald Trump said on Tuesday that Harvard University could lose its tax exempt status and be taxed as a political entity after the school rejected demands from his administration."Perhaps Harvard should lose its Tax Exempt Status and be Taxed as a Political Entity ...Reuters
Tue, Apr 15
Airbus expects to finalise Spirit Aero deal this month, CFO says
April 15 (Reuters) - Airbus AIR.PA expects to finalise an agreement to buy part of the assets of Spirit AeroSystems SPR.N by the end of the April and close the deal by mid-year, "ideally by June 30", Chief Financial Officer Thomas Toepfer told shareholders.Airbus has been negotiating for aro...Reuters
Tue, Apr 15
Bank Of America Reports Credit Card Charge-Off Rate for March
April 15 (Reuters) - Bank of America Corp BAC.N:BANK OF AMERICA CORP - CREDIT CARD CHARGE-OFF RATE WAS 2.73% IN MARCHBANK OF AMERICA CORP - CREDIT CARD DELINQUENCY RATE WAS 1.47% AT MARCH END - SEC FILINGSource text: [ID:n0001128250-25-000061]Reuters
Tue, Apr 15
Zurich North America recruits CNA’s Sullivan as head of technology
By Chris MunroApril 15 - (The Insurer) - Zurich North America has added Jeannie Sullivan to its expansive U.S. middle market team with the recruit joining from CNA Insurance as head of technology.In her new role, Sullivan will lead strategy development and execution for Zurich North America’s techno...Reuters
Tue, Apr 15
Sika CEO: US construction optimism hit by Trump's trade policy
ZURICH, April 15 (Reuters) - Sika SIKA.S Chief Executive Thomas Hasler said optimism in parts of the U.S. construction industry has fallen in the wake of President Donald Trump's unpredictable trade policies."We had a very strong start to the year and people were very optimistic about infras...Reuters
Tue, Apr 15
Keeping pace with innovation: Axis reflects on the first year of Energy Transition Syndicate 2050
By Rebecca DelaneyApril 14 - (The Insurer) – One year on from the launch of Axis Energy Transition Syndicate 2050, Elliot Lyes and Joe Dutton caught up with Sustainable Insurer to reflect on the journey so far Syndicate 2050 formally commenced underwriting on April 1, 2024 with a stamp capacity of 1...Reuters
Tue, Apr 15
Exclusive: Emerald Bay co-founder and chief risk officer Allkins departs Bain-backed startup
By James ThalerApril 14 - (The Insurer) - Emerald Bay co-founder and chief risk officer Miles Allkins has left the company, sources with direct knowledge of the situation said.The startup specialty (re)insurer was launched in March 2024 asa collaborative underwriting carrier, with more than $100 mil...Reuters
Tue, Apr 15
Appetite grows for nature risks but data challenges remain
By Rebecca DelaneyApril 11 - (The Insurer) – There is appetite in the London specialty market to write credit and political risk covers for further debt-for-nature conversions, although this requires more centralised and reliable data sources to inform pricing and structures.Two years ago, the Lloyd...Reuters
Tue, Apr 15
Euler ILS names Loosley to lead capital formation
By Rebecca DelaneyApril 15 - (The Insurer) – Euler ILS has appointed Alexander Loosley as head of capital formation and strategic initiatives.In his new role, Loosley will be responsible for driving capital formation across existing and new strategies, with the aim of scaling Euler ILS's product...Reuters
Tue, Apr 15
Bank Of America CEO Brian Moynihan Says There's A Lot To Potentially Change, Given The Uncertainty Around The Tariffs And Other Policies In The Future: Conf Call
April 15 (Reuters) - Bank of America Corp BAC.N:BANK OF AMERICA CEO BRIAN MOYNIHAN SAYS THERE'S A LOT TO POTENTIALLY CHANGE, GIVEN THE UNCERTAINTY AROUND THE TARIFFS AND OTHER POLICIES IN THE FUTURE: CONF CALLBOFA CFO SAYS SEEN SIGNIFICANT PICKUP IN CUSTOMER ACTIVITY IN GLOBAL MARKETS SO THE ENV...Reuters
Tue, Apr 15
Diversifying the underwriter: Nick Line’s goals as chair of Inclusion@Lloyd’s
By Rebecca DelaneyApril 9 - (The Insurer) - With the underwriting profession lagging others in terms of diversity and representation, widening the talent pool at junior and mid levels is a key pillar of Nick Line’s tenure as chair of Inclusion@Lloyd’s.Line, who serves as chief underwriting officer a...Reuters
Tue, Apr 15
NATO's Rutte, in Odesa, says support for Ukraine is unwavering
BRUSSELS, April 15 (Reuters) - NATO Secretary-General Mark Rutte said he had visited the Ukrainian city of Odesa with President Volodymyr Zelenskiy on Tuesday and NATO's support for Ukraine is unwavering. "Today I visited Odesa along with @ZelenskyyUa. Ukraine’s people have endured so much -...Reuters
Tue, Apr 15
AM Best: Tariff uncertainty likely credit negative for insurers
By Michael LoneyApril 15 - (The Insurer) – Investment volatility and inflationary pressures resulting from tariffs are likely credit negative for insurers, said AM Best, which added they could increase concerns over rate adequacy.In a new commentary, AM Best said that, despite a current 90-day repri...Reuters
Tue, Apr 15
