Disney+ streaming service, set to launch in a few days, will report the company’s fourth-quarter earnings after the bell today. Yahoo Finance’s Brian Sozzi, Alexis Christoforous and Scott Gamm break it down, on The First Trade....
James River Group Holdings Ltd said on Oct. 8 it would cut ties with a unit of Uber, its largest client, and cancel all related policies as of Dec. 31 this year. Florida was an "outsized contributor" to the insurer's Uber problems, especially in 2016, given a large number of uninsured and underinsured motorists, said James River Chief Financial Officer Sarah Doran in a call on Thursday with analysts to discuss its third-quarter financial results. The insurer cut back on its exposure to Uber's Florida market in 2017, Doran said....
A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc affiliate said on Thursday the risk of providing driver ride-hailing coverage had become too great and that it had mispriced policies during its initial years on the account. James River Group Holdings Ltd said on Oct. 8 it would cut ties with a unit of Uber, its largest client, cancel all related policies as of Dec. 31 this year, and boost its reserves by $55 million to $60 million, mostly related to its commercial auto line with its specialty lines segment for 2016 and 2017. "In Uber, we wrote a new type of risk that originally seemed to be highly profitable," said J. Adam Abram, James River executive chairman and chief executive officer, in a call with analysts on Thursday to discuss its third-quarter results....
Cyprus signed a 25-year concession on Thursday with a three-member consortium for the exploitation of a gas reservoir south-east of the island first discovered in 2011. The contract with Noble Energy, Shell and Delek is the first commercial exploitation licence signed by the Mediterranean island. Cypriot authorities have said natural gas will start being extracted in 2025, with estimated earnings of 9.3 billion euros ($10.29 billion) over an 18-year period....
