Ex-chancellor’s crypto firm served sushi off half-naked models
Guests at a party hosted by a cryptocurrency firm chaired by former UK chancellor Philip Hammond were served sushi off the bodies of half-naked models.
Generative AI will enable the re/insurance sector to become larger and more impactful: Cytora CEO
As artificial intelligence (AI) continues to expand and widen across the industry, there has always been a growing concern surrounding how the technology may impact jobs within sectors, however, according to Richard Hartley, the CEO and Co-founder of Cytora, the technology should wind up creating more jobs across the industry.
Finastra to sell Treasury and Capital Markets business to Apax Partners
Finastra is to sell its Treasury and Capital Markets (TCM) business unit to an affiliate of venture capital firm Apax Partners in a deal estimated at $2 billion, including debt.
Boeing ordered to pay over $28 million to 737 MAX crash victim’s family
Aviation, Risk Management Middle East/Africa
Motorhome, towable values rise sequentially
Motorhome and towable values ticked up in March, marking the first simultaneous increase in both segments since May 2023. …
Podcast: ‘Weekly Wrap’ on Auto Finance Summit East 2024
Gaining operational efficiencies through artificial intelligence, navigating a challenging EV market and embracing the return of leasing were top themes…
Chaucer appoints Ben Sheppard as Class Underwriter
Specialty re/insurance group Chaucer has appointed Ben Sheppard as Class Underwriter to join their recently created Renewable Power team, led by Lyndsey Picton.
AutoNation Finance issues first ABS deal at $700M
AutoNation Finance on May 21 issued its inaugural auto asset-backed securitization deal, a $700 million transaction backed by prime auto…
Robust reinsurance capital rebounds 12% in 2023, surpassing $461bn: Guy Carpenter
In a notable turnaround, the dedicated reinsurance capital witnessed a robust resurgence in 2023, recovering from the substantial setbacks of the previous year.
Policy Expert up for potential £1bn sale
Sources have reported that options are being explored for a potential £1 billion sale of UK digital home and car insurer Policy Expert.
Podcast: ‘Weekly Wrap’ on credit tightening, performance
The auto finance industry continues to face a tightened credit environment, worsening credit performance and recoveries, and shrinking subprime market…
Auto delinquencies rise 88 bps across securitized nonprime loans
Early-stage delinquencies rose across prime and nonprime securitized auto loans in October, while net losses improved, and auto asset-backed securitization…
Auto origination volume varied across banks in Q4
Origination volumes in the fourth quarter were mixed across the banks that reported auto lending metrics as some institutions tightened…
Fed chair explains how ‘consensus statement’ guides policymakers, especially during changing economic times
While acknowledging “the economic environment has changed significantly since 2020,” Federal Reserve chair Jerome Powell reiterated how policymakers approach their work associated with interest rates and other matters while being guided by what’s known as “the consensus statement.” Finalized in … [Read More]
Advice to frontline workers: Leave politics at home
Cyber Risks, Emerging Risks, Employment Practices, Technology