Rite Aid files for bankruptcy amid rising debt, opioid litigation
Prescription Drug Management, Risk Management
Donegal Group sees improved Q4’24 net income and CoR
US primary holding company Donegal Group has announced its financial results for the fourth quarter of 2024, reporting a net income of $24.0 million, compared to a net loss of $2.0 million from the prior year quarter.
Swift publishes new API standard
Banking cooperative Swift has published a new API standard for the pre-authorisation of funds in its latest bid to bring more efficiency to open banking in Europe.
NextGen: AI: Busting five AI myths
The next afternoon panel was moderated by Debi Bell-Hosking, with speakers consisting of Dr Janet Bastiman, chief data scientist, Napier AI; Stuart McDowell, UK CIO, Societe Generale; and David Tracy, head of data products, Smart Data Foundry.
Acrisure recruits former Hartford sales chief
Agents and Brokers, Cyber Risks, Emerging Risks, P/C Insurers, Technology The Hartford Insurance Group Inc.
RBC taps proprietary AI model for credit decisions
Royal Bank of Canada is using its own proprietary AI foundation model to improve credit adjudication capabilities and loyalty programme personalisation.
Q3’24 sees record value in buy-in & buy-out transactions of £20bn: Hymans Robertson
Hymans Robertson has reported that the total value of buy-in and buy-out deals completed in the third quarter of 2024 reached nearly £20 billion, marking the highest volume ever recorded for this period in any calendar year.
OCBC Bank rolls out HR app and chatbot for employees
OCBC Bank is putting HR in the pockets of its employees with a mobile app and chatbot integrated with the bank’s human resources information system.
Ascot names Tom Nasso to lead new US Marine Insurance structure
Specialty insurer and reinsurer, Ascot has announced the launch of a new US Marine Insurance structure.
Former Barclays CPO Megan Caywood Cooper launches AI wealthtech
Megan Caywood Cooper, former Barclays chief product officer and Starling chief platform officer, has announced her new AI wealthtech Caywood, at Money 20/20 today.
Risk Strategies buys captive manager
Alternative Risk Transfer/Captives, Mergers and Acquisitions, Risk Management
Starling signs largest Engine deal with Canada’s Tangerine Bank
Starling Bank has signed a ten-year deal to implement its core banking software, Engine, at Canada’s Tangerine Bank, a digital offshoot of the Bank of Nova Scotia.