Powersports approval rates decline
Loan approval rates are down across the powersports sector despite higher origination volumes as affordability concerns and rising consumer debt…
American Coastal sees solid improvement in net income in Q4
American Coastal Insurance Corporation (ACIC), the property and casualty insurance holding company, has reported a $14.3 million net income attributable to the firm for the fourth quarter of 2023, compared to a net loss of $296.8 million for the fourth quarter of 2022.
MNK Re hires Ashby as Exec MD & Global Chief Commercial Officer
MNK Re, an independent broker of specialist risks into Lloyd’s, has hired industry veteran Simon Ashby as Executive Managing Director and Global Chief Commercial Officer.
McGill and Partners, TMK, and Convex launch AI trade disruption facility
Independent global specialty insurance and reinsurance broker McGill and Partners, has announced the launch of a new AI- powered trade disruption insurance facility in collaboration with Tokio Marine Kiln (TMK) and Convex, offering limits of $95 million, led by TMK.
EPIC unit launches site pollution program for cannabis sector
Agents and Brokers, Cannabis, Emerging Risks, Excess and Surplus Lines, P/C Insurers, P/C Pricing, Property, Terrorism
Record investment returns push Chubb earnings up sharply
D&O, Financial Results, P/C Insurers, P/C Pricing, Property Asia-Pacific & Australasia Chubb Ltd.
Visa and Mastercard agree settlement over interchange fees and mecrchant choice
Visa and Mastercard are bidding to close a long running battle with US retailers over interchange fees with a promise to trim charges and let merchants have freedom of choice over which cards they have to accept.
APCO Holdings acquires National Auto Care
The new year began with major developments in the F&I space. APCO Holdings, a leading provider and administrator of automotive F&I products and home to the EasyCare and GWC Warranty brands, announced it has acquired National Auto Care (NAC) through … [Read More]
Equifax launches new anti-money laundering solutions to help banks, credit unions & financial services companies
Equifax doesn’t want financial services firms and related industries to land in trouble for not meeting anti-money laundering (AML) mandates. So on Friday, Equifax introduced new AML compliance solutions designed to ease the burden of regulatory compliance by flagging potential … [Read More]
Powersports sales down 3% YoY in June, survey shows
Powersports manufacturers are working to align inventory with consumer demand to support dealers as the retail environment remained challenged in…
Sustainable Finance.Live returns November 2025
Finextra’s annual sustainable finance event, Sustainable Finance.Live, will return this year on 4 November 2025 in London.
New tech helping to “predict” adverse events in real-time: AXA
A move towards prevention through predictive technologies will become commonplace in certain insurance sectors, according to the chief strategy and business development officer at the global insurer, AXA.