Bermuda-based specialty P&C re/insurer Sompo International Holdings has reported adjusted profit of 61.8 billion yen (USD 483.0 million) for the full-year 2021, up from 31.8 billion yen (USD 248.5 million) last year.
Cyber Risks, Emerging Risks, Regulation, Technology
Cyber Risks, P/C Insurers, Reinsurance Bermuda Allianz
Manhattan’s district attorney has written to the firms behind Venmo, Zelle and the Cash App, calling on them to up their security measures in the face of growing fraud.
Hybrid insurer Hadron has announced it is to acquire The Guarantee Company of North America USA (GCNA), a Michigan-domiciled insurance company, from Atlantic Specialty Insurance Company, a subsidiary of Intact Financial Corporation.
Bulgarian embedded finance provider Paynetics is making an ESG play through the acquisition of UK ‘impact neobank Novus. Financial terms were not disclosed.
Google Cloud’s head of Web3 strategy has been talking up the firm’s Universal Ledger Layer-1 blockchain as a “credibly neutral” infrastructure for financial services, contrasting it with rival options from Stripe and Circle.
The volume of insurance M&A deals across Europe rose by 26% from 85 to 110 in the second quarter of 2022 compared to Q2 2021, according to the European Insurance M&A Barometer by FTI Consulting.
Agents and Brokers, Mergers and Acquisitions
A payments app developed by Ireland’s high street banks to compete with digital banks has hit a snag after it was announced that the Competition and Consumer Protection Commission (CCPC) would launch an investigation.
