Utila raises $18m for institutional digital asset wallets
Digital assets operations platform Utila has raised $18 million to help it cash in on the rising popularity of stablecoins.
Neema appoints Sandowen Ramasawmy as Underwriter at London office
Neema Insurance Managing Agency, an African specialist underwriting agency, has announced the appointment of Sandowen Ramasawmy as Underwriter at its London office.
Fintech association sues CFPB over BNPL rule
The Financial Technology Association (FTA) has filed a lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB) new buy now, pay later rules.
Bottom line from Open Lending’s new benchmark report about near- and non-prime consumers
Along with three other major findings, the second annual Lending Enablement Benchmark Report from Open Lending Corp. gave this bottom line. The near- and non-prime market share has reached a five-year low. Open Lending highlighted that in 2019, near- and … [Read More]
VantageScore: Early-stage delinquencies at highest point in 5 years
Along with slowing originations, the latest edition of CreditGauge by VantageScore showed delinquencies throughout the credit market are on the rise. Analysts reported on Tuesday that overall credit delinquencies edged higher in September, with delinquencies 30 to 59 days past … [Read More]
Williams becomes CRO for SiriusPoint International Managing Agency
Global specialty re/insurer SiriusPoint has appointed Anthony Williams as Chief Risk Officer for SiriusPoint International Managing Agency (SIMA) and its International business, effective August 19, 2024.
Julie Haase to succeed Chris Peirce as Liberty Mutual EVP and CFO
Liberty Mutual Insurance has announced the appointment of Julie Haase as Executive Vice President and Chief Financial Officer, effective Jan 1, 2025.
“2022 could erode insurer capital in the same way as 2020 did” – S&P
The economic fallout from Russia’s invasion of Ukraine and the energy crisis that the world is facing looks as likely to erode insurers’ capital in 2022 as the Covid-19 pandemic did in 2020.
PayPal to bring 100 AI and data science jobs to Dublin
PayPal is creating 100 jobs through the creation of an AI and fraud data science centre in Dublin.
Credit Acceptance shares another unscheduled update to address ‘select inquiries’
For the second time in a little more than a month, Credit Acceptance filed a form 8-K with the Securities and Exchange Commission to respond to “select inquiries” that the subprime auto finance companies has received through Monday. The one … [Read More]
AXA XL Reinsurance CEO Renaud Guidée on closing Asia’s protection gap: SIRC 2025
In a recent Reinsurance News interview, Renaud Guidée, Chief Executive Officer of AXA XL Reinsurance, discussed the priorities shaping client conversations and market strategy at this year’s Singapore International Reinsurance Conference (SIRC).
