Aston Lark Ireland acquires Sparrow Insurances
Insurance broker and Howden company, Aston Lark Ireland, has acquired Sparrow Insurances Limited.
FCC seeks to fine Montana wireless carrier tied to Russian oligarchs
Political Risk, Regulation, Risk Management Russia
Cyber claims frequency declines 22%
Claims Management, Cyber Risks, Emerging Risks, Technology Russia
Fifth Third auto net charge-offs rise in Q4
Fifth Third Bank’s auto outstandings grew in the fourth quarter while credit losses rose. The bank’s indirect secured consumer portfolio,…
Oceanview Secure Re launches in the Cayman Islands
Oceanview Holdings Ltd., a provider of annuities and reinsurance solutions, has established its new subsidiary, Oceanview Secure Reinsurance Ltd., in the Cayman Islands.
SecureKey taps IBM to put identity on the blockchain
IBM has rolled out an enterprise-ready build-your-own blockchain platform and announced a collaboration with Canada’s SecureKey on the commercial development of a federated identity service using the Hyperledger Frabric.
Visa issues green bond, appoints chief sustainability officer
Visa has burnished its environmental credentials, pricing its first green bond offering, totaling $500 million, and appointing Douglas Sabo as its first chief sustainability officer.
Hartford reports 21% first-quarter profit increase
Financial Results, P/C Insurers, Workers Comp Pricing The Hartford Insurance Group Inc.
Gallagher reports rise in Q1 earnings and revenues
Insurance and reinsurance broker, Arthur J. Gallagher & Co., has reported net earnings of $439 million for the first quarter of 2022, compared with $394 million a year earlier, as revenues before reimbursements increased to $2.4 billion.
Godfather Android Trojan targets hundreds of banking and crypto apps
Security researchers are warning about the Godfather, an Android banking Trojan that has targeted the users of more than 400 apps.
Wealthtech startup Vega emerges from stealth with $8 million equity investment
Vega, a UK wealthtech platform set up by a team of former executives from leading hedge funds, private equity firms, and fintech scale-ups, has launched with over $8 million in equity investment.
Goosehead sees net income improvement with 10% revenue growth in Q4
Independent personal lines insurance agency Goosehead has reported a net income of $5.4m for the fourth quarter of 2023, mainly due to revenue growth, a significant improvement compared to the $2.6m reported the prior year quarter.
Hong Kong to issue first stablecoin licences in early 2026
Hong Kong’s financial regulator has stated that the first stablecoin licences will not be issued this year despite the fact its stablecoin legislation has taken effect as of today.
UK firms that list abroad should pay back state aid – UK Finance
Companies that decide to list outside the UK or move valuable operations from the country should be made to pay back tax-payer funded support they have previously taken, according to a UK Finance report.