US to kill off the penny
The US Treasury has confirmed plans to phase out the penny, with one cent coins no longer produced from next year.
AIG ‘grateful’ for partnerships after ‘very strong’ Jan 1 2025 reinsurance renewals: CEO Zaffino
Global insurer AIG had another strong renewal season at 1.1 2025, with Chairman and Chief Executive Officer (CEO), Peter Zaffino, stating that since the reinsurance sector’s major reset at the January 2023 renewals, the firm’s consistency, strategy, placement, and execution has positioned it “very favourably.”
CAF looks to increase penetration in nonprime
CarMax Auto Finance plans to increase its penetration rate in lower credit tiers after affordability challenges continued to hamper sales…
Banxware co-founder launches credit infrastructure platform
Berlin-based startup Credibur has secured $2.2 million in pre-seed funding to launch its credit infrastructure platform.
Parametrix provides rapid claims payments following AWS outage
Parametrix, a provider of digital business interruption solutions, has revealed that it has already paid claims to clients affected by the Amazon Web Services (AWS) outage on 20th October 2025, allowing affected businesses to recover quickly.
MSIG, Coalition partner on cyber offering
Cyber Risks, Emerging Risks, Products & Services, Technology
Former Citi and Google compliance expert Reno Mathews joins due diligence startup Spektr
Danish due diligence startup Spektr has hired former Citi and Google executive Reno Mathews as chief compliance officer.
WTW unveils parametric insurance protection for endangered South Pacific coral reef system
Broker WTW, has launched a new parametric insurance policy that will help protect the coral reef system of the South Pacific Ocean’s volcano-formed Lau Group of islands, which is regarded as being one of the most vulnerable and isolated places on Earth.
Florida building codes reducing hurricane loss potential: Lockton Re
A new report from reinsurance broker Lockton Re has highlighted how building codes in Florida are seen as a significant factor in reducing the potential insurance industry loss from hurricanes.
AXA XL appoints Emmy Pan as energy underwriter
AXA XL has appointed Emmy Pan as energy underwriter to its Americas Property insurance team.
RTGS Global rolls out stage 1 of liquidity visibility network
In collaboration with Microsoft, cross-border transaction network RTGS Global has launched the first stage of its operational rollout to boost visibility of interbank liquidity.