Global insurer Generali’s natural catastrophe losses came in roughly 100 basis points above budget for the first nine months of 2024, and as the firm’s portfolio continues to expand a higher nat cat budget is expected for 2025, although major changes to its reinsurance structure aren’t anticipated, according to Marco Sesana, Group General Manager.
Agents and Brokers, P/C Insurers, Reinsurance, Technology Willis Towers Watson
Russia’s MTS Bank has announced it will hold an initial public offering (IPO), despite current Western sanctions on Russian banks.
Boston-based Eastern Bank has partnered with former members of PerkStreet Financial to create a new innovation laboratory that will use the bank’s data assets to rapidly prototype and launch new technologies for use within the bank and onsale to other financial institutions.
US bank-backed P2P payments service Zelle says it will use stablecoins to enable users to make cross-border payments.
ORLANDO, Fla. — When proposed tariffs kick in April 2, affordable vehicles will become harder to find. Not only are…
US bank Fifth Third has moved to scale its cash management operations through the acquisition of DTS Connex. Terms were not disclosed.
Swiss bank UBS has replaced plastic with corn for a new environmentally-friendly credit card and also introduced a purely virtual card.
Energy Australia & New Zealand, Canada
AM Best, a globally recognised credit rating agency specialising in the insurance sector, has maintained a Stable outlook for Malaysia’s non-life insurance market.
Two hundred ING employees and 100 external developers/IT students from Romania are expected to participate in the bank’s annual 24-hour coding event, competing to create innovative ideas for a ‘next generation digital bank’.
Agents and Brokers, Employment Practices, P/C Insurers, Risk Management
German banking giant Deutsche Bank has agreed a multi-year partnership with Google Cloud for the provision and joint development of cloud services.
Specialty re/insurer Aspen Insurance Holdings Limited has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed underwritten initial public offering (IPO) of its ordinary shares.
