AmTrust Financial Services Inc. CEO Barry Zyskind told employees that the company plans to push ahead with its go-private deal after investor Carl Icahn said he was "strongly against" the pending transaction, Intelligent Insurer reported.
Insurers and brokers including Arthur J. Gallagher & Co., Swiss Re AG and Allianz Group are assessing any impact to their business after the U.S. pulled out of the Iran nuclear accord
A.M. Best said cyber
Travelers Cos. Inc.'s Long Point Re III Ltd. (series 2018-1) catastrophe bond
Executive change
New Zealand-based CBL Corp. Ltd.'s voluntary administrators postponed a creditors meeting
Italian insurers Società Reale Mutua di Assicurazioni and Generali are considering potential acquisitions
Featured news
Roche drug aces phase 3 study; Trump wants to make acting VA head permanent: Roche said a phase 3 trial of Hemlibra showed the drug significantly controlled bleeding in certain patients with hemophilia A; and U.S. President Donald Trump picked Robert Wilkie to permanently lead the Department of Veteran Affairs.
Financial news in other parts of the world
Asia-Pacific: Woori Bank to restructure; Inditrade Capital exits broker unit; CBA may cut jobs
Europe: iZettle sold for $2.2B; Lloyds cuts Irish exposure; BPCE, Natixis post profits
Middle East & Africa: Beltone eyes Oragroup stake; NCB has new chairman; Kigali to list in Kenya
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng was up 0.60% to 31,234.35. The Nikkei 225 added 0.31% to 23,002.37. In Europe as of midday, the FTSE 100 rose 0.80% to 7,841.15, and the Euronext 100 advanced 0.64% to 1,088.32.
On the macro front
The Chicago Fed National Activity Index is due out today.
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