MiddleGame Ventures raises new fintech fund
MiddleGame Ventures (MGV), a Luxembourg-based investment firm focused on fintech startups, has raised a new fund targeting early-stage investments in Europe.
All-digital provider enters warranty space for dealers
Another warranty and service contract provider now is in the market to serve franchised and independent dealerships. This week, Titan Warranty Administration publicly launched its all-digital platform, specializing in manufacturing and administering customized service contracts and limited warranty programs. Titan … [Read More]
Suncorp reports increase in GPW of 16.3% for H1’24
Australian primary insurer Suncorp Group Limited has reported a rise in group net profit after tax (NPAT) of 5.4% to $582 million, as General Insurance gross written premium (GWP) rose 16.3% to $6.9 billion on the back of customer growth, targeted pricing response to inflation, and increased natural hazard and reinsurance costs.
Carvana to grow inventory with new KC center
Carvana will expand its inventory of vehicles following increased retail sales in the second quarter and strong finance penetration. …
Roadzen partners with Cimarron Underwriters to expand insurance offerings nationwide
Roadzen has partnered with Cimarron Underwriters, LLC to expand its insurance offerings across all 50 U.S. states by leveraging Cimarron’s nationwide MGA licenses and infrastructure.
Ally partners with Microsoft Azure to prepare quantum computing-ready workforce
US fintech Ally Financial will collaborate with Microsoft on Azure Quantum solutions to develop quantum computing skills and explore how new algorithms and future quantum hardware could improve customer experience.
Sustainable Finance Live 2024: Ronesans Enerji’s Green Finance Framework
Earlier this month, Ronesans Enerji announced its Green Finance Framework to drive sustainable development in Turkey. A collaboration between financial investment institution Ronesans Holding and TotalEnergies, the joint venture aims to push forth proactive green finance projects.
Brown & Brown revenue increases 20.4% in Q3
Agents and Brokers, Catastrophe Modeling, Catastrophes, Cyber Risks, D&O, Disaster Management, Emerging Risks, Excess and Surplus Lines, Financial Results, Mergers and Acquisitions, P/C Insurers, P/C Pricing, Property, Technology, Workers Comp Cost Control, Workers Comp Coverage, Workers Comp Pricing Brown & Brown
2023 SCS losses were not extreme or surprising, says KCC
While the active 2023 severe convective storm (SCS) season led to higher-than-average insured losses, these losses were not extreme, according to Karen Clark & Company’s (KCC) SCS Model.
Analysts revise April Dealertrack Credit Availability Index when sharing May reading
Cox Automotive took a second look at the April reading of the Dealertrack Credit Availability Index. As a result, both the April and May readings looked a bit more favorable for dealerships and finance companies. What might be ahead later … [Read More]
Dealertrack index for June shows more credit tightening
First, Edmunds highlighted how much negative equity and lengthening terms surfaced within auto financing booked during the second quarter. Then, Cox Automotive pointed out how difficult it might have been to get approved for auto financing at all last month. … [Read More]
Companies can expect higher D&O rates, lower limits: Experts
Agents and Brokers, Coronavirus, D&O, Emerging Risks, P/C Insurers, Risk Management
Kinsale Capital unveils strategic leadership changes for 2024
Kinsale Capital Group, Inc. is set to undergo significant changes in its leadership structure, effective March 1, 2024.