About 400 powersports retail closures anticipated for 2025
Elevated new-vehicle inventory and weakened demand are likely to drive about 400 powersport dealerships to close their doors in 2025. …
L&G completes £34m buy-in with Walkers Shortbread retirement scheme
UK insurer Legal & General Assurance Society Limited has announced the completion of a £34 million buy-in with the Walkers Shortbread Limited Retirement Benefits Scheme (the Scheme), securing benefits for 161 retirees and 238 deferred members.
Willis appoints new cyber leaders in Asia
Willis, a WTW business, has announced the appointments of Conor Keating as Head of Cyber, Asia, and Carlos Grijalva as Head of Cyber Sales, Asia, effective immediately.
UK government spends £10 million to create green finance hubs in Leeds and London
Leeds and London will be home to a new UK centre for driving global green finance and investment, thanks to £10 million in government investment.
Bank of England fines Vocalink over compliance failure
The Bank of England has hit UK payments operator Vocalink with an £11.9 million fine after it missed a deadline to fix problems in its risk management framework.
Goldman Sachs builds Financial Cloud for Data with AWS
Goldman Sachs is opening up access to its financial data resources and analytics to third party institutions via Amazon Web Services Data Exchange initiative.
Hub adds violent acts liability coverage
Agents and Brokers, General liability, P/C Insurers Hub International
Banks won’t survive the next 20 years – and it’s not because of the economy
Wiktor Schmidt, the founder and CEO of Netguru, argues that banks will fail, not because of the economy, but because they can’t attract and retain developer talent.
Bank of England and Accenture deliver on RTGS renewal programme
The Bank of England and Accenture have rebuilt and modernised a core component of the payments infrastructure in the UK, marking a major milestone of a multi-year transformation programme.
Swiss Re CorSo names Desplanches as IDI Global Leader
Swiss Re Corporate Solutions has appointed Emmanuel Desplanches to the role of Inherent Defect Insurance (IDI) Global Leader, effective 1 July 2022.
AXIS expands partnership with Elpha Secure to enhance cyber portfolio
AXIS Capital Holdings Limited has expanded its partnership with Elpha Secure, which initially commenced in 2021, when AXIS became both an investor in and a capacity provider for the company.
Banking tech startup Plumery raises $4.5 million
Plumery, a component-based banking technology startup founded by Ben Goldin, former CTO and CPO of Mambu, has raised $4.5 million in seed funding.
Calif. quake assessments ongoing; state of emergency declared
Catastrophe Modeling, Catastrophes, Disaster Management, P/C Insurers, Property, Reinsurance
Monument builds new challenger bank for mass-affluent
Monument, a new digital-first UK bank for the mass affluent, is heading for a 2021 launch after securing a Series A investment and restricted banking licence from UK regulatory authorities.