GM Financial originations up 9.6%
GM Financial’s originations increased in the second quarter, while General Motors retained its full-year tariff impact expectation and saw an…
Sweden’s central bank comes down hard in favour of cash payments
Sweden’s push to become a cashless society is rapidly heading into reverse, as the central bank submits proposals to introduce an obligation to accept cash in the sale of essential goods, and to strengthen the banks’ responsibility for cash handling.
SoFi buys fintech API builder Galileo for $1.2bn
Online lender SoFi has agreed a $1.2 billion cash and stock deal to buy financial services API and payments platform Galileo Financial Technologies.
BNP Paribas explores the blockchain; SocGen advertises bitcoin-related job
Further evidence has emerged that French investment banks are exploring the potential of blockchain technology in the capital markets.
Chubb appoints John Thompson and Daniela Hernandez to new roles
Chubb has appointed John Thompson and Daniela Hernandez to new positions within the firm.
Skyla FCU auto decisioning rate hits 18% in Q4
Skyla Federal Credit Union’s auto decisioning rate ticked up in the fourth quarter as the lender saw increased demand for…
AI’s potential impact on the re/insurance industry: Gallagher Re
Gallagher Re, a reinsurance broker, highlights AI as a major focus of the InsurTech narrative in 2023, marking a turning point where AI gained serious traction in the re/insurance industry.
Aon reports strong Q1 as Reinsurance Solutions delivers 7% organic growth
Aon’s Reinsurance Solutions unit witnessed a 6% rise in revenue in the first-quarter of 2022 to $976 million, as the broker reports organic revenue growth of 8% across the business in the period.
Marsh unveils cybersecurity program for small, midsize businesses
Agents and Brokers, Cyber Risks, Emerging Risks, P/C Insurers, Technology Chubb Ltd., Marsh & McLennan
Vouch launches novel insurance product to help AI startups innovate faster
Vouch, a US-based provider of business insurance, has unveiled AI Insurance, a novel insurance product that helps artificial intelligence (AI) startups survive lawsuits and innovate faster.
Lenders scramble to comply with ‘flubbed’ NH law rollout
Changes to New Hampshire regulation related to automotive retail installment contracts have left lenders scrambling to meet new rules and…
Bergvall Marine and Parisco to be rebranded as Gallagher
Gallagher’s specialist Norwegian marine and energy brokers, Bergvall Marine and Parisco, will be rebranded as Gallagher from July 11 th onwards.
Industrywide auto originations dip 1.5% year over year
Auto originations dipped industrywide, contributing to a slowdown in non-revolving consumer debt even as overall debt climbed through October. Auto…
FCA to introduce ‘regulatory nursery’ for newly-licenced firms
The UK’s Financial Conduct Authority is to establish a ‘regulatory nursery’ in the Autumn to ensure keener oversight of newly-authorised institutions.
