Court rules in insurers favor in case involving hotel damages cause
Coverage Disputes, P/C Insurers, Property
Gemini agrees to return $1.1bn to Earn customers
Gemini has agreed to return at least $1.1 billion to customers who lost money through the crypto firm’s partnership with now-bankrupt Genesis.
Goldman Sachs to buy pension robo-advisor NextCapital
Goldman Sachs has agreed to buy NextCapital, a robo-advisor for corporate retirement plan participants. Financial terms were not disclosed.
AXIS appoints Douglas Yates as US Healthcare Reinsurance Underwriting Lead
AXIS Capital, a provider of specialty insurance and reinsurance solutions, has announced the appointment of Douglas Yates to its Accident & Health (A&H) team as US Healthcare Reinsurance Underwriting Lead.
Eigen’s IDP “makes data useful”
Eigen Technologies, the intelligent document processing (IDP) provider, says it is helping insurers to make data useful and increase operational capacity.
SCHUMANN International launches London office, announces senior appointments
SCHUMANN, a leading risk management advisor for trade credit and surety business, has announced that it is launching a dedicated and permanent London presence with a brace of senior appointments and the launch of a London office.
ML in the cloud enhances the financial data journey
While there are troves of financial data that have the potential to drive and inform critical business decisions, data remains siloed due to challenges associated with managing multiple data sources and aging infrastructure. Many financial institutions (FIs) face challenges – from limited storage and compute capacity to resource-intensive network deployments – that impede the ability to generate data-led insights powered by analytics.
Canopius reorganises global underwriting operations
Leading global specialty re/insurer, Canopius Group has announced the reorganisation of its global underwriting operations.
Willis reports decline in profit, total revenue
Agents and Brokers, Financial Results, P/C Pricing, Risk Management Central & Eastern Europe, Russia Willis Towers Watson
BaFin increases focus on IT outsourcing risks
Cybersecurity and the outsourcing of IT services are among the greatest risks to the financial sector, warns a new report from German regulator BaFin.
US FS giants explore multi-asset settlement using share ledger tech
A host of major US financial services firms – including Citi, JP Morgan, and Visa – are taking part in a Regulated Settlement Network (RSN) proof-of-concept that will explore multi-asset settlement using shared ledger technology.
Technology advances improve turbulence prediction rates
Aviation, Current Issue, Emerging Risks, P/C Insurers, Technology Canada
RGA names Sunil Sharma as India CEO
Reinsurance Group of America, Incorporated (RGA) has named Sunil Sharma as the country Chief Executive Officer (CEO) for RGA Life Reinsurance Company of Canada India Branch (RGA India).