1.1 reinsurance renewal points to strong 2024 earnings: KBW
KBW Europe’s recent discussion on the January 1 reinsurance renewals, led by William Hawkins and Darius Satkauskas, reveals promising insights into the industry’s outlook for 2024.
USI wins temporary injunction in noncompete case
Agents and Brokers, Coverage Disputes Alliant Insurance, USI Insurance Services
Off the Lot: The ramifications of EV transition
Lately, wherever you turn in the automotive world, there are stories about electric vehicles, focusing on current pricing, new entrants,…
G20 TechSprint Initiative invites firm to tackle green finance
The BIS Innovation Hub and the Bank of Italy are launching a virtual hackathon-style competition to find new technological ways to tackle challenges in green and sustainable finance.
Thunes raises $150 million in Series D
Cross-border payments company Thunes has raised $150 million in Series D funding, led by Apis Partners and Vitruvian Partners.
Temenos signs new Scottish neobank Alba
New Scottish SME challenger bank Alba is to run its business on Temenos’ packaged cloud-native software, a model bank package that has been taken up by other neobanks across the world, including Varo Money, Praxia, Volt Bank, Judo Bank and Grasshopper Bank
ABF experts call on auto lenders for assistance to mitigate fraud
As the market calls for more transparency, auto lenders should assist potential investors in understanding their business model to avoid…
Citi invests in commercial lending platform Numerated
Citi has made a strategic investment in Numerated as part of a wider partnership with the AI-powered modular commercial lending platform.
Munich Re targets €6.3bn profit in 2026 and ROE above 18% by end of 2030
Munich Re, one of the world’s leading reinsurance companies, expects its return on equity (ROE) to land above 18% and earnings per share to grow annually by over 8% on average by the end of 2030, with the Group pursuing and IFRS net profit of €6.3 billion in 2026.
Auto-credit availability dips for fourth consecutive month
The flow of credit from the auto-finance spigot is steadily decreasing. The Dealertrack Credit Availability Index now has declined for four months in a row, as Cox Automotive reported the July reading at 92.9. That index level represented a 1.0% … [Read More]
MBSi bolsters toolbox again with new agent invoice solution
Within a month of rolling out a tool designed to automatically verify lienholder changes, MBSi introduced another solution aimed at improving processes associated with vehicle repossessions. MBSi highlighted that this new tool — Smart Invoicing — was designed in collaboration … [Read More]
