MGAA appoints Tim Richards to new role
The Managing General Agents’ Association (MGAA) has appointed Tim Richards to the new role of technical services manager.
Templin named COO of Toyota Motor North America
Toyota Motor North America on Jan. 22 promoted Mark Templin to executive vice president and chief operating officer, effective Jan….
Brookfield Reinsurance acquires American National for $5.1bn
Brookfield Reinsurance has announced that it has completed its acquisition of American National in an all-cash transaction, valued at approximately $5.1 billion.
Moneyfarm buys Profile Pensions
UK digital wealth manager Moneyfarm is buying pension adviser and consolidator Profile Pensions. Financial terms of the deal were not disclosed.
Salient gains $60M in funding for servicing solution already praised by subprime lenders
Already earning high praise from a quartet of finance companies that often operate in the subprime space, Salient announced on Monday that it has secured $60 million in funding to reinforce operations as an artificial intelligence-powered financial services technology provider. … [Read More]
Howden expands risk management capabilities with AHR Consultants acquisition
In a move to further strengthen its risk management capabilities in the UK, Howden has acquired AHR Consultants, a provider of human relations (HR), employment law, training and health & safety services.
VW’s profit plunge sets stage for skirmish over plant closings
Volkswagen AG cast its least-profitable quarter in years as cause for the first factory closures in Germany in its 87-year…
Fitch sees how tariffs could lift auto ABS even as subprime softens
Fitch Ratings found a path by which U.S. tariffs on imported autos and automotive parts could leave a positive impact — more than just what might be said by President Trump. Analysts said those tariffs will strengthen auto loan and … [Read More]
M1 Finance raises $150m
M1 Finance has hit a $1.45 billion valuation after raising $150 million in a Series E funding round for its “super app” offering automated investing, borrowing and banking products.
Brown & Brown unit buys environmental brokerage platform
Agents and Brokers, Asbestos & Environmental, Mergers and Acquisitions Brown & Brown
JMP Securities anticipates positive Q4’23 results in insurance, cautions on casualty reserves
In the upcoming 4Q23 results for the insurance sector, JMP Securities anticipates positive outcomes driven by robust mark-to-market tailwinds on investment portfolios and minimal catastrophe losses.
April powersports deals rise amid tariff uncertainty
While tariffs haven’t directly affected pricing on powersports equipment, they have led to increased incentives. Some cash rebates rose and…
Fnality rolls out ‘earmarking’ for programmable payments
Fnality, the international consortium of global banks focused on building a blockchain-based payment system to support the adoption of tokenised assets and marketplaces, has released a new feature that allows banks to programme funds for release upon receipt of proof of an event elsewhere.
Ex-Googler unveils ‘family office for the world’
A group of former Googlers has raised $90 million for a startup promising to bring the benefits of family offices to the masses.
