Frontline Insurance is sponsoring its first catastrophe bond
The Centers for Medicare and Medicaid Services notified Ohio Department of Insurance Director Jillian Froment that Ohio's application for a state innovation waiver
Health insurers present in the Affordable Care Act
Vermont Gov. Phil Scott signed new legislation into law that provides an onshore affiliated reinsurance alternative to insurance companies affected by the imposition of the Base Erosion Anti-Abuse Tax, or BEAT, on reinsurance ceded to offshore affiliates.
Enstar Group Ltd. has completed the acquisition
Markel Corp.'s board approved a program that will allow the company to repurchase
Intact Financial Corp. launched an offering
AstraZeneca Q1 profit plummets; US approves Amgen, Novartis' migraine drug: AstraZeneca's first-quarter core EPS was 48 cents, down 51% year over year; and the U.S. Food and Drug Administration approved Amgen and Novartis' Aimovig for the preventive treatment of migraine headaches in adults.
Financial news in other parts of the world
Asia-Pacific: Hong Kong fines Citi unit; Indonesia hikes rate; ANZ to exit Cambodian JV
Europe: iZettle sold for $2.2B; Lloyds cuts Irish exposure; BPCE, Natixis post profits
Middle East & Africa: Israel Discount Bank's Q1 profit up 5.3% YOY; Egypt's central bank holds rates
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng increased 0.34% to 31,047.91, and the Nikkei 225 increased 0.40% to 22,930.36.
In Europe, around midday, the FTSE 100 was down 0.17% to 7,775.10, while the Euronext 100 was up 0.10% to 1,084.48.
On the macro front
The Baker-Hughes Rig Count report is due out today.
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