CarMax Auto Finance originations fall 9%
CarMax Auto Finance’s originations and penetration rate declined during the third quarter of its fiscal 2024 as the financier tightened…
Swiss Re’s new profit target falls short of expectations
Financial Results, Reinsurance Switzerland Swiss Re
Appeals court says Travelers had duty to defend infringement suit
Coverage Disputes, P/C Insurers The Travelers Cos.
More work needed to promote insurance sector inclusivity: Panelists
Agents and Brokers, Employment Practices, P/C Insurers AIG, Aon, Willis Towers Watson
Universal Insurance reports Q4’23 CoR of 103.7% and net income of $20m
Florida-domiciled and expansive primary insurance company, Universal Insurance Holdings, has reported a Q4 2023 combined ratio of 103.7%, an increase of 2.3 points from the comparative quarter, reflecting a higher net loss ratio as the net expense ratio came down.
WindBorne’s new WeatherMesh brings AI forecasting to re/insurers
WindBorne Systems, an environmental and weather intelligence company, has recently unveiled its groundbreaking AI forecasting model, WeatherMesh. This innovation holds significant promise for the re/insurance industry, offering improved risk assessment and enhanced claims management capabilities.
Why are FIs shifting grid computing to the cloud?
The financial services industry has long required compute-intensive calculations for risk management, regulatory compliance, product development, pricing, trading, clearing and surveillance. However, the volume and timeliness of these calculations have increased.
Live: EBAday2018, day two
Payments professionals from across Europe are gathering in Munich this week for EBAday 2018, hosted by the Euro Banking Association and Finextra. We’re liveblogging events here.
TD to pay $3.1 billion in money laundering case, face asset cap
Toronto-Dominion Bank will pay almost $3.1 billion in fines and other penalties and face a cap on its US retail…
White Mountains completes sale of insurance distribution platform Bamboo
White Mountains Insurance Group has completed the sale of a controlling interest in Bamboo, a data-enabled insurance distribution platform, to affiliates of funds advised by CVC Capital Partners.
Alternative ship fuels raise safety concerns
Agents and Brokers, Current Issue, Energy, Marine, P/C Insurers United Kingdom Allianz, Aon, Axa, Liberty Mutual, Marsh & McLennan, Willis Towers Watson