News - VestNexus.com

Beazley reports better-than-expected results for Q1 2022

Beazley is reporting a 27% increase in gross written premiums between Q1 2021 and Q1 2022.

Emerald Bay Risk Solutions names former Liberty Mutual exec as CEO

Excess and Surplus Lines, P/C Insurers AIG, Liberty Mutual

Markel unit not obligated to defend nightclub in shooting

Coverage Disputes, General liability, P/C Insurers

Caixabank enables Apple Pay installment payments in Spain

CaixaBank Payments & Consumer, a specialist consumer financing and payment methods subsidiary, tackles card payments in the Iberian market, with a fleet of more than 34 million cards, more than 16 million customers and a share of 31% in invoicing purchases.

Bank of Canada explores impact of quantum computing on CBDCs

The Bank of Canada has called in local specialist evolutionQ for a research project involving quantum-safe cybersecurity technologies for greenfield digital currencies.

Harford Mutual expands national footprint with merger of Clearpath Specialty

Property and casualty insurer Harford Mutual Insurance Group has expanded its national footprint after the successful merger of Clearpath Specialty, formerly known as ClearPath Mutual Insurance Company, into the Group.

ECB issues digital euro vendor call

The European Central Bank has opened applications for vendors to provide components and related services for a potential digital euro in contracts that could total more than EUR1 billion.

Hamilton cuts IPO price in $259M possible capital raise

P/C Insurers, Reinsurance

Allstate estimates $213m in catastrophe losses for August

The Allstate Corporation, a provider of personal property and casualty insurance in the US, has estimated catastrophe losses of $213 million, or $168 million after tax, for the month of August.

RenRe’s underwriting performance remains strong, but investments drive Q2 loss

Bermuda-based reinsurer RenaissanceRe Holdings has fallen to a net loss of $325 million in the second quarter of 2022, as the macro financial market environment drove a negative investment result, somewhat offset by a solid underwriting performance in the period.

Vervent reiterates that it’s servicing Tricolor loans

Social media memes and motivational merchandise are everywhere nowadays in business, sports and beyond with the simple phrase: Do your job. Vervent reiterated this week that the payment servicing company is doing that as it’s been roughly three weeks after … [Read More]