News
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CANADA RESEARCH ROUNDUP-Cogeco Communications, Manulife Financial, Sun Life Financial
April 11 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Cogeco Communications, Manulife Financial and Sun Life Financial on Friday.HIGHLIGHTS * Cogeco Communications Inc CCA.TO: RBC cuts target price to C$76 from C$78* Groupe Dynami...Reuters
Fri, Apr 11
PM panel: Continued MGA market growth expected with fundamental drivers not slowing
By Chris MunroApril 11 - (The Insurer) - The fundamental drivers that have driven the MGA and programs market’s growth in recent years remain in place, with the fast-evolving risk landscape set to spur further expansion in the segment, a panel of industry experts has suggested.On Wednesday, Program ...Reuters
Fri, Apr 11
US Air Force Academy under Trump ends race consideration in admissions
By Nate Raymond April 11 (Reuters) - The U.S. Air Force Academy will no longer consider race as a factor in admissions as the military school had long done to boost enrollment of Black, Hispanic and other minorities, U.S. President Donald Trump's administration said on Friday.The change was d...Reuters
Fri, Apr 11
Morgan Stanley: P&C sector ‘will hold up well' in recession
By David BullApril 11 - (The Insurer) - Amid ongoing equity market turmoil and talk of the economic impact of the tariff war, analysts from Morgan Stanley have said that the P&C sector is “defensively positioned” and should “hold up well” in the event of a recession.In a note, Bob Jian Huang sai...Reuters
Fri, Apr 11
Boxing-Taylor-Serrano's history-making return to MSG reflects women's progress
By Amy Tennery NEW YORK, April 11 (Reuters) - Katie Taylor and Amanda Serrano will renew their rivalry this summer with women's boxing on the rise, as they get another big boost from streaming service Netflix with a historic all-female card on American sport's most legendary stage.Taylor ...Reuters
Fri, Apr 11
Volvo Cars may take up to two years to expand US production to avoid tariffs, CEO tells daily DN
STOCKHOLM, April 11 (Reuters) - Sweden's Volvo Cars VOLCARb.ST, which is controlled by Chinese auto maker Geely GEELY.UL, will need up to two years to expand its U.S. car production in order to avoid hefty import tariffs, CEO Hakan Samuelsson told daily Dagens Nyheter (DN) on Friday.Volvo Cars i...Reuters
Fri, Apr 11
BREAKINGVIEWS-Construction deal hides market gaps in plain sight
By Jeffrey GoldfarbNEW YORK, April 11 (Reuters Breakingviews) - A new $11 billion construction project includes a picture window into the secretive side of investing. QXO QXO.N, the latest venture from acquisitive entrepreneur Brad Jacobs, agreed to buy Beacon Roofing Supply BECN.O in a deal that si...Reuters
Fri, Apr 11
Trump administration says man was deported to El Salvador in error
Lawyers dispute gang affiliation, demand return to U.S.Court filing cites administrative error in deportationKilmar Abrego Garcia deported despite 2019 protection judgmentHomeland Security says he was involved with MS-13 gangBy Susan Heavey and Ted Hesson WASHINGTON, April 1 (Reuters) - U.S. Pres...Reuters
Fri, Apr 11
Zelenskiy urges allies at Ramstein to provide 10 new Patriot systems to Ukraine
KYIV, April 11 (Reuters) - President Volodymyr Zelenskiy on Friday urged Ukraine's military allies to focus on air defence, asking them to provide 10 additional Patriot systems. In an online address to a meeting of the so-called Ramstein group of about 50 nations that give military support to...Reuters
Fri, Apr 11
Exclusive: United Risk to launch Cahill-led reinsurance MGA as it names Amezquita CFO
By David BullApril 11 - (The Insurer) - United Risk has named Jay Cahill CEO of its newly formed reinsurance division as it prepares to launch an MGA in the segment.The new MGA will begin underwriting selectively at mid-year renewals from offices in New York, London and Bermuda ahead of the key Janu...Reuters
Fri, Apr 11
Wells Fargo says net interest income to be in low end of 2025 range
By Arasu Kannagi BasilNEW YORK, April 11 (Reuters) - Wells Fargo WFC.N expects net interest income could be in the low end of the 2025 forecast, its chief financial officer told an analysts call."We currently expect our full year 2025 net interest income to be in the low end of the range, still ...Reuters
Fri, Apr 11
S&P revises RenRe outlook to positive following Validus integration
By Isha MaratheApril 11 - (The Insurer) - S&P Global Ratings has revised its outlook on RenaissanceRe Holdings and its subsidiaries from stable to positive, citing stronger and more diverse operating earnings over the past two years, accelerated by the Validus acquisition.S&P on March 28 af...Reuters
Fri, Apr 11
Relation acquires California's True-Course Aviation Insurance Services
By Isha MaratheApril 11 - (The Insurer) - Relation Insurance Services has acquired True-Course Aviation Insurance Services, based in Camarillo, California.The transaction closed on March 31. Financial terms were not disclosed. Alejandro Galioto, owner of True-Course, will continue to lead the firm ...Reuters
Fri, Apr 11
U.N. aid chief says to cut 20% of staff due to funding shortfall
By Michelle Nichols UNITED NATIONS, April 11 (Reuters) - The United Nations Office for the Coordination of Humanitarian Affairs will cut 20% of its staff as it faces a shortfall of $58 million, U.N. aid chief Tom Fletcher has told staff after OCHA's largest donor - the United States - cut fun...Reuters
Fri, Apr 11
Switzerland, Norway, Iceland, Liechtenstein agree free trade deal with Malaysia
ZURICH, April 11 (Reuters) - Switzerland and the other members of the European Free Trade Association (EFTA), Norway, Iceland and Liechtenstein, have concluded a free trade agreement with Malaysia, the Swiss government said on Friday."This agreement will strengthen our trade relations, create an...Reuters
Fri, Apr 11
Swiss Re P&C reinsurance CEO Baertschi to relocate to New York
By Scott VincentApril 11 - (The Insurer) - Swiss Re’s P&C reinsurance CEO Urs Baertschi is to relocate to the U.S. to oversee the division from New York, the company said at its annual general meeting on Friday. Baertschi has served as CEO of P&C reinsurance for two years, and until now was ...Reuters
Fri, Apr 11
Pentagon to end $5.1 billion in contracts with Accenture, Deloitte, others
By Mike Stone and Ismail Shakil April 11 (Reuters) - U.S. Defense Secretary Pete Hegseth has ordered the termination of several information technology services contracts valued at $5.1 billion, including companies such as Accenture, Booz Allen Hamilton and Deloitte, according to a Pentagon memo.T...Reuters
Fri, Apr 11
Maserati CEO says Stellantis remains committed to brand
MILAN, April 11 (Reuters) - Carmaker Stellantis STLAM.MI remains committed to its ailing luxury brand Maserati even as U.S. tariffs complicate the situation for the automotive industry in general, the brand's head said on Friday.A spokesman for Stellantis said earlier this week the group had hir...Reuters
Fri, Apr 11
