Former President Donald Trump’s campaign has announced that former progressive Democrat Tulsi Gabbard and Robert F. Kennedy Jr., who recently dropped his bid for president, will join Trump’s transition team. NPR’s Deepa Shivaram and Bloomberg’s Stephanie Lai have more.
Meta CEO Mark Zuckerberg said in a letter submitted to the House Judiciary Committee that he regrets he was not more outspoken against U.S. government pressure to take down certain COVID-19 content in 2021. CBS News senior business and technology correspondent Jo Ling Kent has more.
Jackson suggested the ruling gives Trump special treatment compared to others in the criminal justice system.
A federal judge has blocked a President Biden immigration program that would allow immigrants married to U.S. citizens a path to legal status. CBS News immigration reporter Camilo Montoya-Galvez has more on the blocked process that has already begun accepting applications.
Swiss Re has reiterated its 2024 financial targets, including Group net income of more than USD 3.6 billion, following the announcement of its H1 2024 results last week, which were strong despite reserve additions. The global reinsurer reported profit of USD 996 million and net income of USD 2.1 billion, with the latter attributed to […]
While the combination of higher interest rates and more favourable mortality trends have led to improved conditions for life/annuity (L/A) reinsurers, it has also created more competition, with some backed by alternative investment managers or large private equity firms, according to global ratings agency AM Best. In a new report, the agency states that new […]
Reinsurance Group of America (RGA), a provider of life and health reinsurance, has announced it has finalised a deal with American National Insurance Company, a provider of insurance and financial services, and its affiliates to reinsure a varied portfolio of life insurance business through a coinsurance arrangement. As part of the agreement, around $3.5 billion […]
SageSure has collaborated with Markel, the insurance division of Markel Group, to introduce new capacity to its Expanded Markets program. SageSure Expanded Markets will initially distribute Markel’s insurance products in Louisiana, South Carolina, and Texas, with plans to expand to additional states in the future. Dan Maloney, Vice President of Expanded Markets at SageSure, expressed […]
Corebridge Financial, Inc., a provider of retirement, life, and asset management solutions, announced the immediate appointment of Edward Bousa as an independent director to its Board of Directors. Bousa is a distinguished portfolio manager with more than 40 years of experience in the mutual fund industry. Renowned for his thorough evaluations and analyses of companies […]
Canadian property and casualty insurer Definity Financial Corporation has estimated a negative impact on operating income of approximately $150 million, net of reinsurance recoveries, arising from catastrophe losses in July and August 2024. The estimated losses account for approximately $0.97 per common share, net of taxes and reinsurance. The reinsurance recoveries include fully utilising the […]
