Broker M&As slow further in 2024 first half
Agents and Brokers, Current Issue, Mergers and Acquisitions Alliant Insurance, Arthur J. Gallagher & Co., Hub International
Berkshire off hook in covering motorcycle rally accident
Auto liability, Coverage Disputes, P/C Insurers Berkshire Hathaway
Global sovereign debt downgrades spark surge in contract frustration: Chaucer
In the past year, a staggering 43 sovereign debt downgrades have swept across the globe, with concerns mounting over governments’ ability to meet their financial obligations, according to global specialty (re)insurance group Chaucer.
Fresh Equities raises $4 million; rebrands to InvestorHub
Australian startup Fresh Equities has rebranded to InvestorHub and has secured $4 million to help public companies bridge the communications gap with investors.
ARA president urges caution when handling client directives
Vaughn Clemmons might not be an attorney, but the president of the American Recovery Association urged members to use caution when receiving client directives. “Whether from lenders, forwarders, or others, some instructions could place your business or employees in legal … [Read More]
Pagaya eyes personal, auto loans with OneMain Financial
AI-based financier Pagaya Technologies plans to expand its new relationship with subprime auto lender OneMain Financial to an enterprise agreement…
UK fintech salaries on the rise – report
Jobs in the UK’s fintech sector have grown by 61% in the last year while demand for skilled workers has seen salaries rise by as much as 25% according to a recently published report.
AXIS Capital strengthened prior year reserves in Q4’23 by $425m
Global specialty underwriter and provider of re/insurance, AXIS Capital Holdings Limited, has announced the strengthening of prior year reserves in Q4 2023 by $425 million, pre-tax, or $361 million, after-tax.
Retailers’ margins hurt by Stellantis’ supply challenges
Auto retailers reported weaker margins for sales of Stellantis brands in the third quarter as supply challenges persisted. Asbury Automotive’s…
AGCS appoint new regional head of claims in Tom Major
Allianz Global Corporate & Specialty (AGCS) has appointed Tom Major as the new regional head of claims for regional unit London and Nordics, effective 1 June.
European fintechs expect to grow business in next year
Optimism is returning to Europe’s fintech sector, suggests new research from MHP Group which shows that more than three quarters of firms expect their business to grow in the next 12 months.
Australian Payments Plus to bring least-cost routing to online Cick to Pay transactions
Australian Payments Plus (AP+) has selected Giesecke+Devrient (G+D) to develop eftpos Click to Pay with integrated least-cost routing (LCR), a project that is billed as a world first for online debit card payments.
