Big Wheels: Motor vehicle, parts establishments grow by 1%
The number of motor vehicle and parts dealer establishments continued an upward trajectory in the fourth quarter of 2023 in…
Ant International, Standard Chartered and Swift collaborate on bank-to-wallet payment system
Standard Chartered and Ant International have commenced live production trials for a bank-to-wallet payment service that uses the ISO 20022 financial messaging standards and Swift infrastrucuture.
Captives to take on risks shunned by traditional re/insurers: AGCS’s Houlihan
With many insurers and reinsurers beginning to shy away from complex emerging risks, captives could be set to take on more of the issues shunned by the traditional market.
BIS report pours cold water on stablecoin hype
They may be the current darling of the financial services world, but stablecoins fall short as a form of sound money and at best may “eventually play a subsidiary role in the hinterland of the financial system,” according to the Bank for International Settlement.
We assume the hard market is going to continue, says Munich Re’s Wenning
After another year of more than $100 billion of insurance and reinsurance industry losses from natural catastrophes in 2023, and with no major influx of fresh capital, the hard market environment is expected to persist, according to Munich Re’s CEO Joachim Wenning.
Burns & Wilcox appoints MD for Boston office amid northeast expansion
Wholesale insurance brokerage and underwriter, Burns & Wilcox, has opened its new Boston office, subsequently appointing Peter Kestenbaum as the Managing Director.
Canada’s Interac signs for Microsoft Azure
Interac has signed up for Microsoft Azure’s cloud technology in a deal the Canadian debit network says will lead to greater innovation and faster payments.
Brendan Lane Larson joins ROAR as Chief Climatologist
Brendan Lane Larson has recently joined the leadership team of Resilience Opportunity Advisors & Resources (ROAR) Partners to provide expertise in Climatology.
The Institutes set to buy III as trade group mergers continue
Agents and Brokers, P/C Insurers, P/C Legislation and Regulation
PODCAST: Talking ‘junk fees’ with Hudson Cook’s Patty Covington
Hudson Cook partner Patty Covington is embarking on a new series with the Auto Remarketing Podcast, discussing compliance and other matters associated with auto finance. A former Women in Auto Finance honoree, Covington tackles a topic that’s been a lightning … [Read More]
Marco Re launches after merger of Guernsey subsidiaries
European P&C insurance run-off group, Marco Capital Holdings has announced the launch of Marco Re as the new brand of its recently merged Guernsey subsidiaries Humboldt Re and Kelvin Re.
Africa Specialty Risks names Tunu Sokiri as COO
Developing markets-focused re/insurance group Africa Specialty Risks (ASR) has appointed Tunu Sokiri as Chief Operations Officer, overseeing all operational and technology functions across the firm.
Marsh introduces CyberShore Bermuda exclusive excess cyber insurance facility
Marsh, an insurance broker and risk advisor within Marsh McLennan, has launched CyberShore Bermuda, an exclusive excess cyber insurance facility designed to provide Marsh clients with stronger protection and a streamlined experience.