Loadsure to provide “market leading coverage” with new Motor Truck Cargo Insurance
Insurtech managing general agent (MGA), Loadsure has launched a Motor Truck Cargo Insurance product powered by data and purpose-built for the logistics community.
Chase Auto lease volume up 42% in Q2
Chase Auto’s originations rose year over year in the second quarter as leasing volume climbed and credit performance improved. Auto…
BaaS platform Synctera raises $15m
Banking-as-a-Service player Synctera has raised $15 million in funding and signed online checkout giant Bolt as a customer.
Banks launch carbon marketplace
NatWest, CIBC, ITAU and NAB have joined forces to create a blockchain-based marketplace where firms can buy and sell carbon offsets.
Tencent leads $35m investment in UK fintech
Chinese e-commerce giant Tencent is heading up a $35 million financing round for UK-based startup TrueLayer, further adding to its growing portfolio of fintech investments.
Swiss Re cautious on writing cyber business
Swiss Re has said it is biding its time before increasing its appetite for cyber risk, citing the newness of the sector.
Travelers reports renewal premium hikes, profit increase
Catastrophes, Excess and Surplus Lines, Financial Results, P/C Insurers, P/C Pricing, Property, Workers Comp Pricing The Travelers Cos.
Davos 2021: Carney on net-zero – ‘If you’re not in, you’re out’
Finextra is at Davos this year, covering global insights into the impact fintech has on wider issues such as responding to Covid-19, restoring economic growth and advancing a new social contract.
MS Amlin Underwriting posts net income of £149m for FY’24
Global insurer and reinsurer MS Amlin Underwriting Limited (MS AUL) has reported a net income of £149 million for the full year 2024, representing a reduction of £47 million compared to the £197 million recorded the year prior.
Brown & Brown revenue, profit up sharply
Agents and Brokers, Auto liability, Financial Results, P/C Insurers, P/C Pricing, Property Brown & Brown
Direct Line rejects ‘highly opportunistic’ £3.28bn takeover bid from Aviva
Direct Line has unanimously rejected Aviva’s £3.28 billion ($4.16 billion) 100% acquisition proposal, stating that it does not adequately reflect the firm’s standalone value, describing the offer as “highly opportunistic” and not in line with its long-term potential.
Former Reynolds, Wolters Kluwer exec named Carleton’s VP of business development
Carleton reinforced its executive team this week, hiring Tim Yalich as vice president of business development. In this role, the provider of compliant financial calculations and lending document generation software said Yalich will be responsible for driving strategic growth initiatives … [Read More]
Selective sees Q2 net loss as combined ratio climbs to 116.1%
Selective Insurance has reported a net loss of $65.6 million for Q2 of 2024, with a combined ratio of 116.1% in what the firm described as a “challenging” quarter.
ARC Group and African Bank provide drought insurance payout to Zambian Government
A symbolic $5.3m cheque has been presented to the Zambian Government as payout for the drought insurance taken under the Africa Disaster Risk Financing Programme Multi-Donor Trust Fund.
Giles Andrews joins board of UK’s oldest private bank
Giles Andrews, the co-founder of Zopa – the world’s first online peer-to-peer lending business – is bringing some fintech chops to C. Hoare, the UK’s oldest private bank.