US bank groups call for quick transition as Treasury phases out paper cheques
A trio of bank groups has written to the US Department of the Treasury urging it to move quickly in ditching paper cheques for electronic payment options.
Insurance industry has reached a new equilibrium: Swiss Re’s Jérôme Haegeli
The resilience of the global economy to geopolitical tensions and the higher inflationary environment has set the scene for growth and better profitability across the insurance sector, according to global reinsurer Swiss Re’s latest World Insurance sigma report.
TransUnion: LTVs above 120% for used cars have doubled in past 3 years
Along with taking an overall look at monthly payments and delinquency, the auto portion of the Q3 2024 Quarterly Credit Industry Insights Report (CIIR) from TransUnion detailed a metric that might illustrate the callbacks, dialogue and negotiations that dealerships and … [Read More]
S&P Global Ratings sees subprime losses near pre-pandemic readings
At least one part of the subprime auto finance market is starting to resemble what the landscape was before the pandemic. S&P Global Ratings published a report last week highlighted the U.S. auto ABS sector’s performance for August, noting that … [Read More]
EVs stay hot amid mixed sales in January
Vehicle sales were mixed across major OEM’s in January, with EV sales continuing their hot streak. Seasonally adjusted annual rate…
Allianz and Swiss Re to lead flood risk transfer project in Ghana
Allianz and Swiss Re, members of the Insurance Development Forum (IDF), will lead a Tripartite risk transfer project for urban floods in Ghana.
10 highlights of 700Credit dealer survey about driver’s licenses
Ten intriguing findings surfaced through a survey orchestrated by 700Credit, which interviewed dealerships about their processes for obtaining copies of driver’s licenses from capture to deal jacket storage. The provider of credit reports, compliance solutions, soft pull, and identity verification … [Read More]
Cyclone Jasper sparks Australian floods, expected losses in the hundreds of millions of AUD / USD: Aon
In the aftermath of ex-tropical cyclone Jasper, which made landfall on December 13, far north Queensland, Australia, is grappling with unprecedented flooding that has led to emergency rescues, power outages, and substantial material losses.
Howden names Girishankar as Chair of Reinsurance, India
Global insurance and reinsurance broker Howden has announced the appointment of industry veteran Nagarajan Girishankar as Chair – Reinsurance, India.
Hiscox report reveals widespread underinsurance among SMEs
Specialist insurer Hiscox has published its first Global Protection Gap Report, highlighting the persistent issue of underinsurance among small and medium-sized enterprises (SMEs).
AmTrust, Blackstone partner in MGA, fee business
Agents and Brokers, Mergers and Acquisitions, P/C Insurers
Axa XL names CUO for newly established Canadian market
P/C Insurers Canada Axa, CNA, The Travelers Cos., Zurich
Travelers profit jumps on underwriting, investment gains
Catastrophes, Financial Results, P/C Insurers The Travelers Cos.
Washington state group sues Fox News over coronavirus reporting
Coronavirus, Emerging Risks, Regulation