Standard Bank picks Volante for Africa-wide payments overhaul
African giant Standard Bank is moving its payments infrastructure to Volante’s cloud Payments-as-a-Service (PaaS), accelerating ISO 20022 adoption on the continent.
Securities and Futures Commission unveils roadmap to make Hong Kong a global virtual asset hub
The Securities and Futures Commission (SFC) outlined a 12-point strategy today to boost Hong Kong’s virtual asset (VA) market.
CFIT appoints Anna Wallace as CEO
Fintech growth quango, the Centre for Finance, Innovation and Technology (CFIT), has appointed the FCA’s former head of innovation Anna Wallace as CEO.
US life/annuity insurers’ revenue up by $35 billion: AM Best
According to a new AM Best report, publicly traded U.S life/annuity insurance companies saw a strong recovery in 2021, with a $35 billion increase in revenue to $297.5 billion.
Motorhome values drop 3.2%
Motorhome and towable values dipped year over year in December while auction volume declined as dealers held off on acquiring…
Purdue Pharma can protect Sackler owners in opioid bankruptcy
Prescription Drug Management, Risk Management
Chubb makes senior appointments for its new Asian businesses
Global insurer and reinsurer Chubb has made a number of appointments for its newly acquired Asian businesses.
Crescent Specialty achieves Lloyd’s of London Coverholder status
Crescent Specialty, an MGA and Wholesale Brokerage firm, has announced that it is now a Lloyd’s of London Coverholder.
Insured losses from Hurricane Melissa impacts in Jamaica and Cuba to hit $2.4bn: KCC
The privately insured loss from Hurricane Melissa damages to residential, commercial, and industrial properties in Jamaica and Cuba is expected to hit $2.4 billion, based on Karen Clark & Company’s (KCC) high-resolution Caribbean Hurricane Model.
South African market open to political violence and terrorism cover
A new note from Cameron Cupido, CEO of Reinsurance Solutions Intermediary Services, says that there is a huge gap in the market for insurers to bring in political violence and terrorism (PVT) cover.
Compre raises $200m of debt to support growth
Compre, the international specialist legacy group, has raised $200 million equivalent of subordinated Tier 2 debt in two tranches from a group of institutional investors, which it plans to use to support its growth ambitions.
Zurich promotes three in customer and distribution management team
Agents and Brokers, P/C Insurers Marsh & McLennan, Zurich
Insured losses from natural disasters hit $34bn in H1 2022, says Munich Re
Once again, the U.S. led the way in the first half of 2022 with the highest level of weather-related losses, which, globally, reached $65 billion in the period, of which slightly more than 50% were covered by re/insurance, according to Munich Re.