Winnebago promotional liabilities fall 2.8% year over year
RV and marine manufacturer Winnebago Industries decreased its promotional liabilities year over year in the first quarter of fiscal 2025…
Zurich posts record first-half operating profit
Catastrophes, Financial Results, P/C Insurers Switzerland Zurich
Florida Re names Jeremy Baczkiewicz as CUO
Florida Insurance and Reinsurance Company (Florida Re), a property and casualty re/insurer serving commercial clients across Florida, has appointed Jeremy Baczkiewicz as its new Chief Underwriting Officer (CUO).
Gauging auto-finance & consumer impact after Fed’s 10th straight interest rate rise
From buying cars to happy hour drinks, inflation, interest rates and a turbulent economy are continuing to leave negative ramifications. And the Federal Reserve just pushed interest rates up another 25 basis points on Wednesday. “All bets are off if … [Read More]
Lloyd’s examines 2020/21 financial results for syndicates supported by third-party capital
Lloyd’s has released forecast results across 2020 and 2021 for all syndicates supported by third-party capital, along with market messages for 2023 business plans.
Auto credit tightens in November
November typically contains a variety of enticement offerings to get consumers to spend on holiday gifts. Evidently, finance companies didn’t take that approach to stimulate automotive retail activity like what might have happened for electronics or home and personal items. … [Read More]
BRP Group’s total revenues climb 16% in Q4 to reach $284m
BRP Group, the independent insurance distribution firm, has announced that total revenues increased 16% year-over-year to reach $284.6 million in their results for the fourth quarter of 2023.
Natech secures $33 million ahead of launch of Greek digital bank
Greek core banking vendor Natech has completed a Series B capital increase, securing over $33 million in growth funding.
TMK partners with Altelium on battery energy storage warranty
Tokio Marine Kiln (TMK) has partnered with Insurtech Altelium to deliver the worlds first data-driven battery energy storage system (BESS) warranty programme to help accelerate growth in the battery energy storage market.
Judge dismisses antitrust suit against Apple, Visa and Mastercard
A US judge has dismissed a lawsuit accusing Apple, Visa and Mastercard of conspiring to suppress competition in the market for point-of-sale payment card services, according to Reuters.
Sustainable Finance Live 2023: Hackathon
The Sustainable Finance Live conference hosted by Finextra and ResponsibleRisk is primed to take place on October 10th at Events@No6 in London.
Catalina General takes on loss portfolio transfer from QBE Insurance Group
Reinsurance firm Catalina General has agreed with QBE Insurance Group’s subsidiaries for a loss portfolio transfer of QBE’s legacy North American Excess and Surplus (E&S) lines prior accident year liabilities.
SEC denies Coinbase petition for crypto rules
The Securities and Exchange Commission has denied a petition from crypto exchange Coinbase asking the regulator to put in place new rules specifically for the digital asset sector.
QBE Re hires Swiss Re’s Guarnori as Head of Underwriting Oversight
QBE Re, the reinsurance arm of QBE Insurance Group, has hired Swiss Re’s Andrew Guarnori as Head of Underwriting Oversight.