RBI joins Project Nexus for instant cross-border payments
RBI (Reserve Bank of India) is the latest bank to join the global Project Nexus initiative, designed to enable instant cross-border instant payments.
Single-pay leases spur customer retention
Automakers such as Mercedes-Benz are leveraging single-pay lease offers to provide flexibility to consumers and drive higher customer retention rates. …
Cowbell appoints Klipphahn & Hewerdine to strengthen mid-market and claims operations
Cowbell, a cyber and specialty insurance provider focused on small and medium-sized enterprises, has announced the appointments of Jessica Klipphahn as Head of North America Mid-Market and Stephanie Hewerdine as Director of Claims.
AIG recruits former Willis Towers Watson FINEX exec
Agents and Brokers, P/C Insurers AIG, Willis Towers Watson
BNY taps Goldman Sachs blockchain platform to tokenize Money Market Funds
The Bank of New York Mellon is to employ blockchain technology developed by Goldman Sachs to maintain a record of customers’ ownership of select Money Market Funds (MMFs), opening up the transferability of existing MMF shares.
Monzo to consider reapplying for US banking licence – FT
UK-based neobank Monzo is reportedly set to resume its effort to break into the US banking sector.
New Zealand to make climate risk reporting compulsory for financial institutions
New Zealand is to be the first country in the world to require the financial sector to report on climate risks.
Galaxy Digital reaches $200m settlement over Luna token
Galaxy Digital has reached a $200 million settlement with the New York Attorney General (NYAG) over claims the crypto investing company promoted the now collapsed Luna digital asset without disclosing its interest in the token.
PODCAST: More title talk with Cox Automotive’s Deshaun Sheppard
On the eve of this year’s Used Car Week, the “Excellence of Titling Execution,” Deshaun Sheppard of Cox Automotive, made another visit for the Auto Remarketing Podcast. Sheppard described the ongoing evolution of electronic titling of vehicles and how Cox … [Read More]
BHSI hires Nicholas Ferrari to lead Australasia transactional liability team
Berkshire Hathaway Specialty Insurance (BHSI) has appointed Nicholas Ferrari as Head of Transactional Liability Insurance in Australasia, a Sydney-based role.
Supreme Court torn over Purdue Pharma bankruptcy settlement
Prescription Drug Management, Risk Management
Munich Re faces $1.26 billion in claims from Los Angeles wildfires
Financial Results, Reinsurance Germany Munich Re
Modeling firms vary on Hurricane Milton losses
Agents and Brokers, Catastrophe Modeling, Catastrophes, P/C Insurers, Property
Merck reaches settlement with insurers over $1.4bn NotPetya cyber attack
It’s been reported that pharmaceutical giant Merck & Co. Inc. and its insurers have reached an agreement over the $1.4 billion in losses Merck alleged it suffered from the NotPetya cyberattack in 2017.