Global non-life legacy market ‘buoyant’ – AM Best
Activity within the global non-life legacy insurance market is ‘buoyant’, according to a new note from AM Best.
Property renewals see steep rate hikes, capacity crunch
Agents and Brokers, Catastrophes, P/C Insurers, P/C Pricing, Property Aon, Marsh & McLennan, USI Insurance Services, Willis Towers Watson
RumbleOn F&I dips 10.5% year over year
Powersports retailer RumbleOn’s finance and insurance revenue fell year over year while floorplan interest expense climbed as the retailer continued…
AM Best maintains negative outlook for Colombia’s insurance industry
Credit rating agency AM Best has announced it is maintaining its negative outlook on Colombia’s insurance segment given limited development due to challenging global conditions and political uncertainty.
Five more Belgian banks join the European Payments Initiative
Five big banks in Belgium have joined the European Payments Initiative (EPI) with the intention of rolling out the Wero digital wallet and instant account-to-account (A2A) payment application to customers in the first half of next year.
SwapAgent and Trafigura open blockchain deposit accounts with JPMorgan Kinexys
LSEG’s post-trade business Swap Agent and commodities house Trafigura are to be the first in the UK to open GBP-denominated deposit accounts via JPMorgan’s blockchain business unit Kinexys.
Interledger Protocol targets interoperable stablecoins
The Interledger Foundation (ILF) is extending its efforts to promote the creation of an interoperable payments network to include stablecoins.
Ferrari’s loyal buyers to absorb tariff impact, Bernstein says
Ferrari NV can withstand the impact of US auto tariffs because its US customers won’t be deterred by higher prices,…
Citi signs with Google Cloud for AI
Citi has inked a multi-year agreement with Google Cloud that will see the US banking giant tap into the vendor’s Vertex AI platform.
Microsoft to host digital wallet developer event
Microsoft is looking to tap into the burgeoning mobile wallet arena by hosting three week-long developer and designer events at its ultra-hip Modern Jago facility in London’s Shoreditch.
HSBC pledges to retain branch numbers
HSBC has pledged not to close any more branches until at least 2026 amid politcal and regulatory pressure to maintain access to cash on UK high streets.
DBS, Franklin Templeton and Ripple to merge tokenized collateral with stablecoins
DBS, Franklin Templeton and Ripple have signed a Memorandum of Understanding to establish repo markets powered by tokenized collateral and stablecoins.
