BMO pre-purchases direct air capture carbon removal
Bank of Montreal has pre-purchased the permanent removal of 1000 tonnes of carbon dioxide from the atmosphere through Direct Air Capture (DAC) technology.
Ed Le Flufy becomes Lockton Re’s Global Head of Cyber
Lockton Re, the reinsurance arm of the privately held independent insurance broker, has announced the appointment of Ed Le Flufy as Global Head of Cyber, a London-based role.
Global CBDC adoption is on the horizon – Giesecke + Devrient
Digital payments innovation in different regions of the world is being spurred on by Central Bank Digital Currency (CBDC) adoption, as nations experiment with new payments options that can be more inclusive and dynamic. 130 countries are currently exploring the possibilities with CBDC adoption, which allows for digital money to be supported and used publicly alongside cash whilst supported by the nation’s central bank.
TransUnion cautious about potential ‘payment shock’ when student loan payments restart
A portion of the contract holders in your outstanding auto finance portfolio might be facing an additional major payment obligation next month when forbearance for federal student loans expires. And TransUnion reported 36% of consumers already holding student loan debt … [Read More]
Moneybox gets £70m investment
British savings and investment app Moneybox has secured £70 million in investment, mostly facilitated through a secondary share sale that will nearly double its valuation from two years ago to £550 million.
AM Best sees positives for London insurance market, maintains stable outlook
A myriad of factors including upward rate momentum, greater clarity around COVID-19 losses, a focus on modernisation, and improved access to alternative reinsurance capital have led AM Best to maintain its stable outlook for the London insurance market segment.
Talanx issues its first $100m cat bond for earthquake risks in Chile
Talanx Group, the parent company of Hannover Re, has issued its first ever catastrophe bond, securing multi-year protection against earthquake risks in Chile.
SiriusPoint responds to S&P’s negative assessment
SiriusPoint has responded to S&P’s placing it on the latter’s CreditWatch, with negative implications, saying that it has made ‘significant progress’ in transforming its business.
La Banque Postale launches ‘impact’ bank card
La Banque Postale, in collaboration with WWF France, is the first traditional bank in France to launch an impact bank card where all deposits associated with the card will be used to finance the energy renovation of housing.
Gallagher sues two former employees, calls them double agents
Agents and Brokers Arthur J. Gallagher & Co.
Liberty Specialty Markets names CUO
Catastrophe Modeling, Catastrophes, Emerging Risks, Excess and Surplus Lines, P/C Insurers, Property, Reinsurance, Workers Comp Coverage Germany Liberty Mutual