News
Important Only
Other
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
Other
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
Stocks
Down 71%, Should You Buy the Dip on Viking Therapeutics Stock?
No one ever claimed investing in the biotech industry was a smooth ride, but for shareholders of Viking Therapeutics (NASDAQ: VKTX), the turbulence has been extremely challenging thus far. The stock is down 71% over the past year, amid ongoing uncertainties regarding the timeline for future commerci...The Motley Fool
Tue, Apr 15
Commodities
Zelenskiy says talks with US on minerals deal were positive, more meetings to come
KYIV, April 15 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Tuesday that talks with the U.S. regarding a minerals deal were "positive", and that more meetings were expected.Zelenskiy said meetings regarding the deal would continue at a technical level throughout the week.Reuters
Tue, Apr 15
Other
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
Cryptocurrencies
XRP, Dogecoin and Mantra traders punished for bullish bets, will altcoins recover?
Altcoins are recovering on Tuesday as the dust settles on US President Donald Trump’s tariff announcements last week. The President has repeatedly changed his mind on several tariff-related concerns, ushering volatility in Bitcoin and altcoin prices.
Other
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
Other
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
Other
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
Commodities
Against the (mid)stream: LNG attracts capacity as underwriters soften stance on carbon-intensive activities
By Rebecca DelaneyApril 11 - (The Insurer) – An influx of capacity into the midstream energy insurance market in the past 12 months, particularly for liquified natural gas (LNG), may indicate that some carriers are softening their positions on underwriting carbon-intensive activities. Sustainable In...Reuters
Tue, Apr 15
Commodities
Mexico hopes to renew tomato agreement with the US
MEXICO CITY, April 15 (Reuters) - The Mexican government said Tuesday it hopes to begin talks with the United States to renew a bilateral agreement that benefited Mexican exporters and from which Washington intends to withdraw.A pullout by the U.S. would entail paying duties of approximately 20% tha...Reuters
Tue, Apr 15
Stocks
BofA downgrades PepsiCo on sluggish growth and challenges in key markets
** Brokerage BofA Global Research downgrades soda and snacks giant PepsiCo PEP.O to "neutral" from "buy", trims PT to $155 from $185** New PT still implies ~6% upside to the stock's last close** Brokerage expects Frito-Lay North America (FLNA) growth to remain below long-term tre...Reuters
Tue, Apr 15
Stocks
GLOBAL MARKETS-US stocks rise, bonds and the dollar steady as tariff turmoil eases
Wall St stocks tick up after Europe, Asia shares riseUS Treasuries, dollar steadyTrump touts autos tariff modificationBank of America, Citi and Wells Fargo report strong profitsOil prices mutedBy Lawrence Delevingne and Samuel Indyk BOSTON/LONDON, April 15 (Reuters) - Some trade policy relief and...Reuters
Tue, Apr 15
Other
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
Other
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
Other
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
Stocks
US STOCKS-Wall St edges up as investors hold on to tariff relief hopes
Indexes up: Dow 0.18%, S&P 500 0.24%, Nasdaq 0.21%Boeing falls after China halts deliveries Bank of America, Citigroup gain after higher Q1 profitBy Lisa Pauline Mattackal and Purvi Agarwal April 15 (Reuters) - Wall Street inched higher on Tuesday, as investors assessed the possibility of tar...Reuters
Tue, Apr 15
Stocks
1 Wall Street Analyst Says There's a Great Investment Hiding in Plain Sight. These 2 Dividend Stocks Are My Best Ideas for Investing in It.
The market is in a state of flux thanks to geopolitical issues around tariffs. There is a huge amount of uncertainty. If you have money to invest today, it is hard to decide what to do, since sticking cash under your mattress may feel like a good call in the midst of a dramatic market decline.One Wa...The Motley Fool
Tue, Apr 15
