The European Payments Initiative, a bank-backed venture that was initally set up to build a rival to Mastercard and Visa in Europe, has selected ‘wero’ as the commercial name for its forthcoming digital wallet solution.
Two Mapfre companies are among six entities being sued by the Peruvian government for a collective $4.5bn in damages over a January oil spill.
American Express is writing to customers warning them that their account information may have been compromised in a data breach at a third party service provider.
At Sustainable Finance Live last week, a concurrent hackathon was held alongside the keynotes and panel sessions.
Bermuda-based reinsurer RenaissanceRe Holdings Ltd. (RenRe) has reported underwriting income of $479.3 million and a combined ratio of 81.1% in its second quarter 2024 results, as both fee income and investment income also contributed to another successful quarter for the firm.
Nomura’s digital assets subsidiary, Laser Digital, has invested in ClearToken, a startup prepping a clearing house to the digital asset marketplace. Terms of the investment were not disclosed.
Cyber Risks Australia & New Zealand, China, Japan, United Kingdom
Specialty insurance provider Trisura Group has announced its financial results for the first quarter of 2025, reporting a net income of $29.0 million and strong operating return on equity (ROE) of 18.4% driven by operating net income of $34.2 million.
Catastrophe Modeling, Catastrophes, P/C Insurers, Property
Large French insurer AXA’s Board of Directors has proposed the renewal of Thomas Buberl’s mandate as a director and intends to reappoint him as the company’s Chief Executive Officer (CEO).
BNY Mellon is taking advantage of The Clearing House’s RTP network for a new real-time electronic bill and payment service.
Agents and Brokers, Excess and Surplus Lines, P/C Insurers AIG, Liberty Mutual, Zurich
Prescription Drug Management, Risk Management
