News
Important Only
US SEC tells staff to return to office in move union calls illegal
Updates with SEC's response in paragraph 4; adds background in paragraph 2; adds photosBy Chris Prentice NEW YORK, Feb 26 (Reuters) - The U.S. Securities and Exchange Commission has told unionized employees they will have to return to the office in mid-April, unless they have certain exemptio...Reuters
Thu, Feb 27
Goldman drops diversity and inclusion section from annual filing
Adds background on Trump-Apple in paragraph 7 Feb 27 (Reuters) - Goldman Sachs GS.N has dropped an entire section dedicated to "diversity and inclusion" from its annual filing released on Thursday, as Wall Street firms dial back their diversity initiatives after President Donald Trump too...Reuters
Thu, Feb 27
BRIEF-Expand Energy Expects to End 2025 With Less Than $4.5 Billion In Net Debt - Conf Call
Feb 27 (Reuters) - Expand Energy Corp EXE.O:EXPAND ENERGY EXEC SAYS EXPECT TO END 2025 WITH LESS THAN $4.5 BILLION IN NET DEBT - CONF CALLEXPAND ENERGY SAYS 11 BCF PER DAY OF INCREMENTAL LNG EXPORT CAPACITY EXPECTED BY 2027 - CONF CALLEXPAND ENERGY ANTICIPATING BRINGING ROUGHLY 90 WELLS ONLINE IN Q1...Reuters
Thu, Feb 27
Euclid Cyber launches with Spinnaker backing to target $1 billion plus revenue band
By James ThalerFeb 27 - (The Insurer) - Euclid Cyber is launching on March 1 with backing from fronting company Spinnaker, bringing to market an excess cyber product that offers insureds with $1 billion or more in revenue up to $5 million in limit that attaches at $75 million and above.Sister public...Reuters
Thu, Feb 27
SRR targeting whole account fronting carrier capacity deals
By Chris MunroFeb 27 - (The Insurer) - Specialty Risk Re (SRR) has secured an additional $25 million in capital to support the startup as it makes inroads into the U.S. programs and MGA sector through whole account capacity deals with fronting carriers.Specialty Risk Re (SRR) has secured an addition...Reuters
Thu, Feb 27
UN rights chief warns of 'mass deaths from famine' in Sudan
Adds quotes and context throughout GENEVA, Feb 27 (Reuters) - The U.N. human rights chief warned of the risk of a further escalation of the war in Sudan on Thursday and said that there was a growing risk of deaths from starvation on a wide scale.Volker Turk's warning came a day after the U.N....Reuters
Thu, Feb 27
Irish central bank fines Irish unit of Cantor Fitzgerald 450,000 euros
Adds company response in paragraph 3DUBLIN, Feb 27 (Reuters) - Ireland's central bank fined the Irish unit of Wall Street brokerage Cantor Fitzgerald 452,790 euros ($474,705) on Thursday for failing on a number of occasions to report suspicious transactions that may have indicated market abuse.A...Reuters
Thu, Feb 27
Shares in ad group WPP plunge on China weakness and US uncertainty
WPP's organic revenue fell 1%, missing -0.4% forecastsShares plunge 16% to four-year low Expects more advertising on Elon Musk's X platform Recasts with CEO comments on X, adds analyst comment in paragraph 10By Paul SandleLONDON, Feb 27 (Reuters) - Ad group WPP WPP.L expects its revenue and...Reuters
Thu, Feb 27
China's Xiaomi prices luxury electric sedan 35% lower than initially promoted
Xiaomi prices SU7 Ultra from 529,900 yuan, down from 814,900 yuan initiallyCEO says price cut aimed to expand appeal to more buyersSU7 Ultra initially priced to be on par with Tesla Model S PlaidUpdates with details on Xiaomi's aim to compete against Tesla and Porsche, background BEIJING, Feb...Reuters
Thu, Feb 27
Veracity targets three to five additional programs by year end
By Chris MunroFeb 27 - (The Insurer) - Veracity Insurance Solutions plans to add another three to five programs this year with president and CEO Daryle Stafford highlighting considerable opportunity for the liability-focused MGA to extend its reach into new segments.Pleasant Grove, Utah-headquartere...Reuters
Thu, Feb 27
You Re already in additional capacity talks after early traction
By Chris MunroFeb 27 - (The Insurer) - Newly launched reinsurance MGU You Re has already written over a third of its first year projected premium volume, with CEO Yury Braun telling Program Manager that the startup is already in talks to expand its capacity panel.This publication reported earlier in...Reuters
Thu, Feb 27
MGAs: the industry’s cutting edge
By Chris MunroFeb 27 - (The Insurer) - It has been a busy start to the year for the programs and MGA sector, with a host of startups bringing fresh ideas to meet the market’s needs.This month’s edition of Program Manager highlights several of these recent launches, including Specialty Risk Re, a col...Reuters
Thu, Feb 27
FACTBOX-US companies drop diversity policies after Trump's order
Changes dateline and updates Goldman Sachs details Feb 27 (Reuters) - From Google to Target, many major U.S. companies have dropped or considered altering their diversity, equity and inclusion (DEI) policies following President Donald Trump's executive order to curtail such programs at the fe...Reuters
Thu, Feb 27
Elon Musk throws weight behind merging FTC and DOJ antitrust units
By Jody Godoy Feb 27 (Reuters) - Elon Musk, the billionaire behind President Donald Trump's efforts to shrink the U.S. government, threw his support behind a bill that would consolidate antitrust enforcement at the U.S. Department of Justice, stripping that authority from the Federal Trade Co...Reuters
Thu, Feb 27
Swiss Re revives group CUO role with McDonald
Added details of personnel changes and restructure at Swiss Re Corporate SolutionsBy Rebecca DelaneyFeb 27 - (The Insurer) - Swiss Re announced on Thursday that Kera McDonald will serve as group chief underwriting officer with effect from June 1. McDonald will be responsible for underwriting perform...Reuters
Thu, Feb 27
BRIEF-Completion OF Sale Of Roblon U.S Assets Postponed To July
Feb 27 (Reuters) - Roblon A/S RBLNb.CO:EXPECTED DATE OF COMPLETION OF ONGOING PROCESS TO DIVEST ROBLON’S US SUBSIDIARY POSTPONED TO END JULY 2025 Source text for Workspace: nGNE2fw7dn Further company coverage: [RBLNb.CO]Reuters
Thu, Feb 27
QBE names Shah to oversee wholesale markets in Asia
By Rebecca DelaneyFeb 27 - (The Insurer) - QBE has appointed Ronak Shah to the newly created role of CEO, wholesale markets for the Asia region.In his new role, effective March 1, Shah will be responsible for leading the strategic development and expansion of QBE’s wholesale reinsurance offerings ac...Reuters
Thu, Feb 27
Sycamore planning a three-way split of Walgreens after buyout, FT reports
Updates shares, adds analyst comment in paragraph 5, adds graphic Feb 27 (Reuters) - Sycamore Partners is planning a three-way split of Walgreens Boots Alliance WBA.O if a deal to take the struggling pharmacy chain private is reached, the Financial Times reported on Thursday, citing people famili...Reuters
Thu, Feb 27
Israeli Finance Minister Smotrich to meet US Treasury secretary Bessent in DC next week
JERUSALEM, Feb 27 (Reuters) - Israeli Finance Minister Bezalel Smotrich will meet his U.S. counterpart, Treasury Secretary Scott Bessent in Washington DC next Wednesday, his spokesman said on Thursday.Reuters
Thu, Feb 27
