BBVA startup contest attracts 850 projects
A startup competition organised by Spanish bank BBVA has attracted entrepreneurs from 56 countries, showcasing 850 technology projects.
Marine insurance market hardens amid global tensions, pandemic
Agents and Brokers, Coronavirus, Emerging Risks, Marine, Reinsurance, Risk Management Allianz, Arthur J. Gallagher & Co., Liberty Mutual, Marsh & McLennan
Skandiabanken makes robo-advisory push with stake in Quantfolio
Norwegian digital bank Skandiabanken has acquired a 39.9% stake in local AI and machine learning outfit Quantfolio as part of a push into the provision of robo advisory services for customers of its private savings division.
GM cuts bolt EV production plan as tax credit loss looms
General Motors Co. will start the launch of the Chevrolet Bolt electric vehicle in December with one shift at its…
NAB hires Lloyds’ Pete Steel for new digital, data and AI role
Australia’s NAB has appointed Lloyds Banking Group’s Pete Steel to the newly created role of group executive, digital data and artificial intelligence.
Klarna to appear on Apple Pay for instore payments
Klarna is to provide Apple Pay users with access to BNPL loans at instore checkouts in the UK and US.
Alex Kirkby joins Willis Re’s Marine & Energy business
Willis Re, a specialised reinsurance broker, has announced the appointment of Alex Kirkby to its Marine & Energy business in London.
North American RV registrations down 5.6% in May
Retail RV sales and shipments dropped in May, while used vehicles saw increased demand amid pricing concerns. North American retail…
Howden reports adequate capacity and discipline at casualty reinsurance renewals
In the lead up to the 1.1 2024 casualty reinsurance renewals, numerous reinsurers called for wholesale action to tackle economic and social inflation, but according to broker Howden, “outcomes ultimately reflected more discerning underwriting informed by loss experience, underlying rate change and prior-year development across individual portfolios.”
Spanish court rules Facebook moderator suffered work-related mental trauma
Emerging Risks, Employment Practices Spain
Fed’s preferred inflation metric cools while spending rebounds
The Federal Reserve’s preferred gauge of underlying inflation cooled last month while household spending rebounded. The so-called core personal consumption…