Brokerage network teams with Swiss Re on insurance platform
Agents and Brokers, P/C Insurers, Reinsurance, Technology Switzerland Swiss Re
Auto stocks up 4% through Black Friday (Big Wheels)
Auto stocks climbed during the holiday week but were down on the first trading day after Black Friday. The Big…
Corvus promotes James Berry to Chief Claims Officer
Specialty insurance MGA Corvus Insurance has announced the promotion of James Berry to Chief Claims Officer.
Inherent Risks to provide USAID medical evacuation services for Ukraine
Global risk advisory firm, Inherent Risks has won a prime contract for an undisclosed amount to provide emergency medical response and evacuation services to United States Agency for International Development (USAID) funded projects in Ukraine.
AI agent running vending machine business has identity crisis
An AI agent running a small vending machine company tried to fire its workers, became convinced it was a real person, and then lied about it in an experiment at Anthropic.
China central bank launches $70bn tech lending programme
The People’s Bank of China (PBoC) has announced a re-lending scheme designed to boost the country’s science and tech sector.
Westlake-backed Axis Auto Finance explores sale
Toronto-based non-prime lender Axis Auto Finance is eyeing a potential merger or sale of the company. Axis formed a “special…
Fidelis reports Q1’25 net loss as LA wildfires hit underwriting performance
Bermuda-based insurer and reinsurer Fidelis Insurance Holdings Limited has reported a net loss of $42.5 million and a higher combined ratio of 115.6% for the first quarter of 2025, as catastrophe losses, driven by the California wildfires, dented the underwriting performance, notably within its reinsurance business.
Gen AI for compliance startup Sedric Ai raises $18 million
Amerian Express Ventures has joined an $18 million funding round in Sedric AI, a startup developing a dedicated compliance large language model (LLM) for financial services.
OSHA steps up efforts to reform serial workplace safety violators
Regulation, Workers Comp Coverage, Workplace Safety
Crypto custodian BitGo moves into private securities with Brassica acquisition
Crypto custody specialist BitGo has acquired Brassica, a fintech specialising in providing back-end infrastructure services for private securities and alternative investments. Financial terms were not disclosed.
Aon appoints Renuka Nar as Head of Broking for L&H Reinsurance Solutions, India
Global insurance and reinsurance broking group Aon has announced the appointment of Renuka Nar as Head of Broking for its Life and Health (L&H) reinsurance business in India.