Fairfax units get ratings upgrade from S&P
S&P Global Ratings has upgraded its ratings for Fairfax Financial Holdings and its core re/insurance subsidiaries based on their strong competitive position and improved results.
Concord promotes three key executives
Concord Specialty Risk has announced the promotions of three executives.
CFPB moves to ban medical bills from credit reports
The Consumer Financial Protection Bureau (CFPB) has set out plans to remove medical bills from most credit reports
Markel names Phil Schmidt as Chief Strategy Officer
Markel, the insurance operations arm within the Markel Group Inc., has appointed Phil Schmidt as Chief Strategy Officer, effective immediately.
Aon names senior managing director for reinsurance
Agents and Brokers, Reinsurance Bermuda Aon, Guy Carpenter & Co.
Robo-advisory firm Betterment reaches unicorn valuation
Robo advisor Betterment has reached a Unicorn-level valuation of $1.3 billion after securing $160 million in growth capital comprised of a $60 million Series F equity round and a $100 million credit facility.
Used Fisker EV prices fall 43% in four months
Prices on used Fisker EVs are plummeting faster than the wider used-EV market after news of the EV maker’s June…
Best downgrades US commercial lines sector to negative
Catastrophes, Coronavirus, Emerging Risks, P/C Insurers
MPE 2024: AI-driven misinformation and consumer education in fraud
In an exclusive interview at Merchant Payments Ecosystem 2024, trust and safety architect at Sift Brittany Allen spokes with Finextra on new challenges in the fraud space, and how the spread of misinformation on social media is a major concern with AI-driven technology.
Alphabet dissolves Robinhood stake
Google parent Alphabet has dissolved its stake in stock trading app Robinhood.
Kraken launches crypto payments service
Crypto exchange Kraken has launched a payments service that lets users send more than 300 different fiat and digital currencies to friends and family.
Reinsurance market finds balance in 2024, Arundo Re sees continued growth
The “gradual easing of the hard market” in 2024 led to an improvement for reinsurers, though less pronounced than in 2023, particularly in reinsurance terms and program structures, as per Hervé Nessi, Arundo Re’s Chief Underwriting Officer.