Adit Ventures agrees to seed Aanika Re
Adit Ventures has agreed to seed Aanika Re, a Bermuda-based insurance vehicle wholly owned by Aanika Biosciences.
Google Cloud predicts four ways that GenAI will transform financial services
The next year will see an industry tipping point for AI innovation in the financial sector, says Zac Maufe, global head of regulated industries at Google Cloud.
US credit risk gauge shows fear rising as tariffs loom this week
A gauge of credit risk rose on Monday as looming tariffs stoked concerns of an economic slowdown and stock markets fell. The…
Insurer prevails in ruling over destroyed yacht in forum selection case
Coverage Disputes, P/C Insurers
Donegal Group’s net income rises 19.9% as CoR improves in Q3’25
Donegal Group Inc., an insurance holding company, reported net income of $20.1 million for the third quarter of 2025, up 19.9% from $16.8 million in the same period a year earlier.
American Integrity prices IPO at $16 per share, targets $126.5m
American Integrity Insurance Group has priced its initial public offering (IPO) of 6,875,000 shares of common stock at $16.00 per share.
Santander creates fake AI-generated social media ads to warn consumers of increased risk
As Generative AI gives fraudsters more ways to scam victims, Santander has produced fake AI-generated social media adverts of popular Christmas gifts to to show just how realistic the bogus adverts can be, whilst helping Brits spot the tell-tale signs.
Revenue management startup Hyperline raises $10m
French revenue management startup Hyperline has raised $10 million in a seed extension round led by Index Ventures.
QRails raises $8m
Cloud-based payment processing startup QRails has closed an $8 million Series A funding round led by EFM Asset Management.
CEA names Tom Welsh as its new CEO
The Governing Board of the California Earthquake Authority (CEA), California’s largest provider of residential earthquake insurance, has appointed Tom Welsh, currently the Chief Legal & Compliance Officer, as its new Chief Executive Officer (CEO), effective immediately.
