European capital market participants are calling on supervisory authorities to remove regulatory barriers to cloud adoption, arguing that broad-brush diktats on portability and multi-cloud strategies would present significant challenges to implementation by financial firms.
The re/insurance market has absorbed the elevated level of small and medium sized catastrophe events around the world so far this year, which will ensure pricing remains robust for the remainder of 2024 and beyond, leading Gregory Roberts, Chief Underwriting Officer (CUO) at reinsurer Conduit Re, to be positive on the upcoming renewals.
Hamilton Global Specialty, an underwriting platform of Hamilton Insurance Group, has announced the appointment of Todd LaBandt as Senior Vice President (SVP) of Environmental Insurance at Hamilton Americas, its US managing agency.
The ongoing effort to persuade the SEC to approve crypto investment products continues, following news that many of the country’s largest asset managers, BlackRock, WisdomTree and Invesco, have applied to the SEC for permission to launch a spot bitcoin ETF.
Kredete has raised $22 million to help African immigrants in North America and Europe build credit and send remittances via stablecoin payments.
Leading up to Sustainable Finance Live 2024, that will be taking place on 8 October at Events@No6 in London, Richard Peers, founder of ResponsibleRisk and keynote speaker at the event, conducted an interview with FinextraTV on the impact of biodiversity in the Nordics.
Saoirse Jones of Zurich Insurance and Mathieu Verougstraete of the United Nations Office for Disaster Risk Reduction (UNDRR), both Co-Chairs of the Insurance Development Forum’s Disaster Risk Reduction Working Group, are calling on governments, investors, and insurers to shift the global approach from reacting to disasters to actively preventing them.
Apron, a UK startup that slashes the time small businesses spend processing invoices, has raised a $15 million Series A.
Catastrophes, Emerging Risks, P/C Insurers Italy
The Financial Conduct Authority is to encourage brokers to take up AI as part of wider reforms to the UK’s mortgage market.
ANZ has partnered with Grollo Carbon Ventures (GCV) to successfully trade Australian Carbon Credit Units (ACCUs), one of a batch of use cases for an Australian Central Bank Digital Currency.
Agents and Brokers, Catastrophe Modeling, Catastrophes, Disaster Management, Excess and Surplus Lines, P/C Insurers, P/C Pricing, Property, Reinsurance Aon, Everest Re, Liberty Mutual, Lockton, Marsh & McLennan, Munich Re, The Travelers Cos., Willis Towers Watson, Zurich
Asbestos & Environmental, D&O, Risk Management
A newly established Florida domiciled property insurer, Praxis Reciprocal Exchange (PRE), has received its certificate of authority from the Florida Office of Insurance Regulation (OIR).
