Berkshire Hathaway to beef up risk disclosures following SEC request
Risk Management Berkshire Hathaway
Farm bureau insurers experience growth despite underwriting challenges: AM Best
A recent report from AM Best reveals that the U.S. property/casualty (P/C) farm bureau segment has witnessed a 13% increase in premiums over the past two years, largely fueled by personal auto, homeowners, and farmowners’ business lines.
Palomar reports significant premium growth in Q2 results
Specialty property insurer Palomar Holdings has reported gross written premium (GWP) of $218.7 million for the second quarter of 2022, a huge increase of 69% compared to $129.4 million from the prior year quarter.
Kinnevek writes off investment in Monese
Swedish VC Kinnevek has written off its investment in Monese, adding to the financial woes of the mobile money transfer startup.
Exchanges and index providers join net zero alliance
A collection of credit rating agencies, audit networks, index providers and stock exchanges have launched the Net Zero Service Providers Alliance (NZFSPA) that will commit them to tough greenhouse gas emission targets.
NextGen Nordics 2024: Payments is ready for a refresh
Finextra is heading back to Stockholm to delve into the most important topics in the Nordic banking world at our NextGen Nordics 2024 conference on the 23rd of April.
New issuance of cat bonds jumps 20.5% in Q2: Aon
Agents and Brokers, Catastrophes, Insurance-linked Securities, P/C Insurers, Property Aon
ACORD launches GRLC Generation 2.0 to support industry digitalisation
Industry standards body ACORD has launched GRLC Generation 2.0, updating its Global Reinsurance & Large Commercial Standards to support digitalisation throughout the global re/insurance industry.
Appeals courts agree MTBE coverage fight belongs in New York
Coverage Disputes, P/C Insurers AIG, The Travelers Cos.
ACORD Solutions expands automated sanctions screening capabilities in ACORD Transcriber
ACORD Solutions Group, the technology arm of ACORD, has announced expanded features for automated sanctions screening within ACORD Transcriber, its intelligent document processing platform.
Former TSB boss Pester becomes chair of wealthtech startup Firenze
Former TSB and Virgin Money boss Paul Pester has taken on the role of chair at Firenze, a Manchester-based embedded finance startup that helps wealth managers offers customers loans secured against their investment pots.
More insight from Equifax & TransUnion about Q3 delinquency
Both Equifax and TransUnion discussed delinquency in auto finance this week, with one of the credit bureaus highlighting the rate associated with subprime used-car paper booked less than a year ago. TransUnion indicated that serious consumer-level delinquency rates — contracts … [Read More]
“Mental health impact of Covid not felt on insurers yet” – Swiss Re
The extended impact of Covid-19 is likely to be felt on insurers in the coming years, says a new report from Swiss Re.
Shift sustainability behaviour through positive reinforcement – ekko
Discussing the rise of sustainable fintechs and demand for greener financial services, founder and CEO of Embedded Sustainability provider ekko, Oli Cook, speaks to how the payments industry has a role to play in sustainable decision making.