Arch wins ruling over hotel damages from Hurricane Irma
Catastrophe Modeling, Catastrophes, Coverage Disputes, P/C Insurers
Fintech angel fund Rerail hits $20 million funding target
Rerail, an angel fund for fintech startups, has closed on a $20 million warchest.
CAC names Lynch CEO; Rice moves to vice chairman
Agents and Brokers Brown & Brown, Willis Towers Watson
UK Chancellor halts ISAs reductions after backlash
Rachel Reeves, UK Chancellor, announced reductions to allowance for tax-free cash savings in a push to get the public to allocate more funds into stocks and shares to boost the economy. However, backlash from building societies and banks has led to these plans being shelved.
Latitude Financial reveals 14 million customer records stolen in cyber attack
Australian consumer lender Latitude Financial has revealed that 14 million customer records, including drivers licences, passports and financial statements were stolen in a cyber attack.
SEC asks companies about Russia exposure
Political Risk, Risk Management Central & Eastern Europe, Russia
Rating agency puts Lloyds on negative due to COVID-19 exposure
Agents and Brokers, Coronavirus, D&O, Emerging Risks, Financial Results, General liability, P/C Insurers United Kingdom Lloyd’s of London
Gleif plans digital service
The body responsible for managing the implementation of the Legal Entity Identifier (LEI) has announced plans to develop a digital version that can be rolled out across multiple sectors beyond the financial services market.
Michael Wyss becomes DUAL Swiss Managing Director
DUAL Europe has announced the appointment of Michael Wyss as Managing Director of DUAL Swiss, bolstering the company’s leadership team as the business positions itself to grow its market share in Switzerland.
Risk management during a crisis: Dale Lindstrom, DeWitt Construction
Catastrophes, Construction, Coronavirus, Emerging Risks, P/C Insurers, Property, Risk Management
Lloyds backs kids coding network
Lloyds Banking Group is throwing its weight behind volunteer network Code Club UK, enlisting thousands of staffers to help kids learn programming, coding and IT skills.
RGA’s Ruby Re reaches $480m of total funding following second investment round
Reinsurance Group of America (RGA) , a global life and health reinsurer, has announced today that Ruby Re, a reinsurance sidecar vehicle sponsored by RGA and focused on the US asset-intensive market has successfully closed a second round of funding, raising a total of $480 million in capital.
Swiss Re launches investment advisory company
Catastrophes, Insurance-linked Securities, Reinsurance Switzerland Swiss Re
Big Wheels: National auto interest rates hold north of 8%
Auto loan interest rates remained greater than 8% through the mid-April but showed small signs of relief compared with February….