Supply chain disruptions “could cost Europe almost €1 trillion in lost GDP”
Supply chain challenges could result in the Eurozone’s GDP losing up to €920 billion (or 7.7%) by 2023, according to a report by Accenture.
American Honda Finance projects 30% lease penetration in 2025
American Honda Finance Corp. is looking to maintain a lease penetration of close to 30% through 2025, outpacing the forecasted…
ABI urges government action as storm-driven insurance claims hit record levels in Q1’25
The Association of British Insurers (ABI), the trade body representing the UK’s insurance and long-term savings industry, has revealed that insurance claims related to extreme weather have reached a record high in the first quarter of 2025 — intensifying calls for stronger government investment in flood defence infrastructure.
Revolut alumnus extends Seed round to €6.3 million to grow payments network
Due, a payment startup founded by Revolut alumni, has extended its Seed round to €6.3 million to launch a new API platform encompassing stablecoin payments.
TransUnion spots ‘pre-pandemic norms’ in newest auto-finance analysis
Experts are seeing auto financing “trending back toward pre-pandemic norms” based data contained in TransUnion’s Q3 2025 Credit Industry Insights Report (CIIR). TransUnion reported on Monday that originations rose 5.2% year-over-year to 6.7 million, supported by Federal Reserve rate cuts … [Read More]
CPS originations dip 16%, collections improve
Consumer Portfolio Services’ originations declined year over year, but the subprime lender’s portfolio grew as it secured additional capital and…
AIG sees more property rate hikes; plans corporate overhaul
D&O, Financial Results, Mergers and Acquisitions, P/C Insurers, Property AIG
Opinions split over SEC approval of bitcoin spot ETFs
In a landmark judgement, the US Securities and Exchange Commission has approved 11 bitcoin spot ETFs paving the way for mass adoption of digital assets.
Hurricane Dorian insured losses pegged at $5.2 billion: KCC
Catastrophe Modeling, Catastrophes, Disaster Management, Property, Risk Management
Stripe alumnus launches AI-powered business account for European startups
A former senior executive at Stripe has raised $3 million in pre-seed funding to build an AI-powered business account for European startups.
Terrorism, political violence markets adjust to different pressures
Agents and Brokers, Emerging Risks, P/C Insurers, P/C Pricing, Political Risk United Kingdom Allianz, Axa, Marsh & McLennan
SageSure, Anchor Re, and SURE close $60m catastrophe bond
SageSure, Anchor Re, and SureChoice Underwriters Reciprocal Exchange (SURE) have announced the closing of the Gateway Re 2024-4 catastrophe bond at $60 million—20% higher than the original $50 million target.
Shannan Fort appointed International Cyber Product Leader, Marsh Specialty
Insurance broker and risk advisor and business of Marsh McLennan, Marsh, has hired Shannan Fort as International Cyber Product Leader, Marsh Specialty, where she will report to Gregory Eskins, Global Cyber Insurance Center Leader, and Kelly Butler, UK Cyber Leader, Marsh Specialty.