** Shares of U.S. insurers slump as President Donald Trump's reciprocal tariffs on major trading partners amplify recession fears

** "Our outlook for the global P&C reinsurance industry is revised to "stable" from "positive" due to increased global geopolitical uncertainty and other headwinds, including further market volatility caused by U.S. tariffs, and uncertainty about how central banks may respond with interest rate actions if inflation starts to rise again" - Victor Adesanya, vice president, Global Insurance & Pension Ratings

** Prudential Financial PRU.N, MetLife MET.N, American International Group AIG.N fall, with Prudential leading the declines with 6.4% fall

** Traders are ramping up expectations for the Federal Reserve to cut interest rates at least three times this year, with the possibility of a fourth cut by the year's end becoming less of a long shot

(Reporting by Jaiveer Singh Shekhawat in Bengaluru)

((JaiveerSingh.Shekhawat@thomsonreuters.com;))