Surplus lines premium grew nearly 15% in 2023
Auto liability, Excess and Surplus Lines, P/C Insurers, Property
Robinhood helping UK investors gain easier access to US markets
Investors across the world want ease and access to the best, most rewarding investments
without encountering too many obstacles. Except, for the UK investor, access to US markets
can come with a host of complications. Robinhood, an American trading and investment app,
sought to solve that.
Swiss Re purchases cyber market’s first retrocession ILW, brokered by Gallagher Re
Global reinsurance firm Swiss Re has purchased the market’s first cyber retrocession industry loss warranty (ILW), securing $50 million of catastrophic US cyber insurance event protection.
U.S. Bank’s indirect loan and lease originations fall 27.3%
Regional banks’ first-quarter earnings showed mixed credit performance, mirroring what national banks reported earlier this month. Chase Auto’s credit performance…
JPMorgan launches tokenized money market fund
JPMorgan Asset Management has launched its first tokenized money market fund on the public ethereum blockchain.
American Fintech Council calls on CFPB to prohibit open banking data access fees
In the wake of the Consumer Financial Protection Bureau’s decision to ditch its open banking rule, the American Fintech Council (AFC) has called on the regulator to preserve people’s right to access and share their financial data.
Hawk Seguros joins the Assurex Global Partnership
Assurex Global, the privately held commercial insurance, risk management, and employee benefits brokerage group, has elected Hawk Seguros of São Paulo, Brazil, to the Assurex Global Partnership, effective January 22nd, 2024.
Markel appoints Tim Pasik to lead commercial casualty product lines
Markel Corporation has announced that Tim Pasik has been appointed Managing Director, Commercial Casualty Product Lines Leader for Markel Specialty’s insurance operations.
A “staggering” portion of Europe is currently exposed to drought risk
A “staggering” portion of Europe is currently exposed to risk of drought, according to a new report by The European Commission’s Joint Research Centre.
Credit availability improves for second month in row
Auto credit access eased across all lender types in March, with captives loosening the most, marking the second consecutive month…
PartnerRe names Ruth Damian as Senior Client Partner for NA Life Financial Solutions
Bermuda-based reinsurer PartnerRe has announced the appointment of Ruth Damian as Senior Client Partner for North America Life Financial Solutions.
IGI anticipates full year 2023 net income to hit $118.2m
In its preliminary results, International General Insurance (IGI) has revealed that full year 2023 net income will reach $118.2 million, up from $89.2 million in 2022.
