Boris Johnson opens Canary Wharf fintech ‘accelerator space’
Mayor of London Boris Johnson has officially opened Canary Wharf-based Level39, Europe’s largest “accelerator space” for financial technology.
Duck Creek enhances Reinsurance Cloud Platform with Lloyd’s integration for global insurance carriers
Duck Creek Technologies, a provider of intelligent solutions in the property and casualty (P&C) and general insurance sectors, has announced a significant enhancement to its Reinsurance Cloud Platform.
Afin taps Thought Machine to launch digital bank for Africans in the UK
Afin Bank, a digital lender created to help people from Africa living and working in the UK, has picked Thought Machine as its core banking provider.
Fitch assesses ‘Strong’ to ‘Very Strong’ profitability for large European composite insurers
Fitch Ratings assessed all large European composite insurers in its peer group as having ‘Strong’ to ‘Very Strong’ profitability, supported by diversified earnings sources that provide stability through cycles.
Fintech acceleration partner archie adds ekko and wamo to portfolio
A new fintech “acceleration partner” chaired by Atom and Metro Bank co-founder Anthony Thomson has added its first two portfolio companies, backing SME banking and payments firm wamo and climate-focused outfit ekko.
Fiducia adds McFarlane as new development underwriter
Fiducia, a Leeds-domiciled specialty insurance managing general agent (MGA), has appointed Graeme McFarlane as a new development underwriter to support brokers across Scotland and the north east of England.
France records highest captive growth in Europe
Alternative Risk Transfer/Captives, Risk Management France
Danske Bank backs Copenhagen fintech accelerator
Danske Bank has teamed up with fellow Danish FS player Nykredit to back a new Copenhagen fintech accelerator designed to attract global talent to the Nordic scene.
Casino breaches may prompt cautious cyber pricing: Guy Carpenter
Cyber Risks, Emerging Risks, P/C Insurers, P/C Pricing, Technology
Cyber exposures pose risk to re/insurers’ financial strength, require careful management: AM Best
AM Best has warned in a new report that a growing cyber book could present a “material risk to a re/insurer’s financial strength” if it is not carefully managed and appropriately monitored.
Stripe alumni raise €10.7 million for business identity startup
Duna, a business identity startup founded by former Stripe staffers, has raised €10.7 million in a Seed funding round led by Index Ventures.
Architects and engineers professional liability market up in 2022
P/C Insurers, P/C Pricing AIG, Berkshire Hathaway
Truist to sell 20% stake in $14.75B insurance brokerage unit to Stone Point
Agents and Brokers, Mergers and Acquisitions