Persona raises $200m to build verified identity layer for an agentic AI world
Persona, the verified identify platform used by a host of fintechs, has raised $200 million at a $2 billion valuation.
Kenyan fintech Zanifu raises $11.2m
Kenyan startup Zanifu has raised $11.2 million in debt-equity funding for its platform providing micro, small and medium-sized businesses with inventory financing.
Open Lending & Core Specialty Insurance Holdings form partnership
Open Lending Corp. recently partnered with Core Specialty Insurance Holdings, enabling Core Specialty to begin providing credit default insurance policies for Open Lending’s Lenders Protection platform. Open Lending interim CEO Chuck Jehl said through a news release, “One of the … [Read More]
Esther Kim joins Aon’s Korea team as Director, Treaty
Global insurance and reinsurance broker Aon has announced the appointment of Esther Kim as Director, Treaty on the Korea and Regional team.
BofE and BIS develop tech to monitor stablecoin reserves
The Bank of England and the BIS Innovation Hub have developed a system that gives supervisors near real time data about stablecoins’ liabilities and their reserve assets.
AXA joins the Stanford HAI Corporate Affiliate Program
Global insurance group AXA has become a new member of the Stanford Institute for Human-Centered AI (HAI) Corporate Affiliate Program.
AM Best removes from under review & upgrades credit ratings of Himalayan Re
Global credit ratings agency AM Best, has announced that it has removed from under review with positive implications, and upgraded the Financial Strength Rating to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Rating to “bbb-” (Good) from “bb+” (Fair) of Himalayan Reinsurance Limited (Himalayan Re) (Nepal).
Aon launches coverage for plugging abandoned oil, gas wells
Agents and Brokers, Asbestos & Environmental, Energy, Products & Services Aon
Mosaic offers new product for companies remediating abandoned oil and gas wells
Asbestos & Environmental, Energy, Environmental, Products & Services Mosaic
VIG raises outlook for full year results following ‘outstanding’ Q1-Q3 figures
Following its “outstanding” Q1–Q3 results, Vienna Insurance Group’s management has raised the firm’s full-year 2025 pre-tax target from €950 million–€1 billion to €1.10–€1.15 billion.
Xceedance launches MGA Agility Suite led by industry veteran Parcelli
Xceedance, a global provider of strategic operations support, technology, and data services for insurance organisations, has launched its MGA Agility Suite aimed to enhance digital capabilities for program administrators in the Americas.
Climate action fintech Amplify launches in the UK and Ireland
Amplify, a fintech startup that makes donations to user-defined climate causes as a reward for buying from a network of sustainable brands, has launched in Ireland and the UK.
Fairfax grows top line but earnings shrink on investment losses
Property and casualty re/insurance holding company Fairfax Financial has reported net earnings of just $125.5 million for the first quarter of 2022, compared with $806.0 for the same period last year.
‘Mastercard for Fintechs’ to blaze a trail for startups across Western Europe
Mastercard has launched ‘Mastercard for Fintechs’, a dedicated programme for startups in Western Europe, offering access to technology support and educational tools alongside a series of fintech events with the opportunity to compete for the chance to win €50,000.