Investors have mixed views on how UK S2 reforms may impact insurer credit quality: Fitch
Investors appear to have mixed views on the impact of post-Brexit Solvency II (S2) reforms on UK insurers’ credit quality, according to Fitch Ratings.
Ryan Specialty posts organic revenue growth of 20%
International specialty insurance firm Ryan Specialty Group has posted revenue of $386.9 million for the first quarter of 2022, representing growth of 24.2% over last year, including 20.4% of organic revenue growth.
Xceedance appoints industry veterans to support the European market
Re/insurance service provider, Xceedance, has appointed industry veterans Isabelle Clausner and Tracy Harrington Cloud to develop and manage the company’s interactions with insurers in the European region.
Generali files complaint against former executive
Financial Results, P/C Insurers, Risk Management France, Germany, Italy, Switzerland Alliant Insurance, Axa, Zurich
WWF and World Bank report highlights opportunities in spatial finance
Ahead of Sustainable Finance Live, a Finextra Research and Responsible Risk event, WWF and The World Bank have released a report highlighting how the financial sector can benefit from the emerging field of spatial finance, complementing existing ESG data streams and providing an outline for a robust taxonomy.
Wealthify embeds Open Banking from Tink in investment app
UK robo advisory platform Wealthify is using payment initiation services from Tink to enable users to load and top-up investment funds without leaving the app.
SMEs to benefit from Aurora’s newly launched flagship Commercial Combined offering
Aurora, a digital commercial insurance business, has launched its flagship Commercial Combined solution, supported by AXA Insurance, for small or midsize enterprises (SMEs).
Aurora bolsters broker strategy with key hire ahead of flagship commercial offering launch
Aurora, the digital commercial insurance business catering to micro, small, and medium-sized enterprises (SMEs), has appointed seasoned broker and underwriting expert Tom Willmore in preparation for the upcoming launch of its flagship commercial combined offering this spring.
Digital asset clearing house ClearToken signs for Nasdaq tech
ClearToken, a London-based clearing house for global digital assets, has signed up for Nasdaq’s Eqlipse Clearing technology.
India’s GST Council exempts reinsurance and coinsurance from taxation
India’s 53rd GST Council meeting has announced a decision that reinsurance commissions and co-insurance premiums will no longer be considered taxable services, providing significant relief to the insurance and reinsurance industry.
NatWest gives chatbot a generative AI upgrade
NatWest is boosting the IQ of its digital chatbot Cora with generative AI to provide more nuanced, pro-active answers to customer queries.
Sipps provider Intelligent Money goes into administration
UK wealth management firm Intelligent Money has entered administration after agreeing a deal to sell off its business and assets to fellow provider Quai.