Sygnum hits unicorn status on $58 million capital raise
Swiss digital asset banking firm Sygnum has achieved unicorn status on a $58 million funding round.
Insurance premiums to reach record highs due to inflation, climate change – Matic
Matic, an insurtech platform, says that home insurance premiums in the US are rising faster than ever before, increasing at a record rate of 5.5% between June 2021 and May 2022.
Jaguar Land Rover attack most economically damaging cyber event to hit UK: CMC
The Cyber Monitoring Centre (CMC) has disclosed that the recent cyberattack targeting Jaguar Land Rover (JLR) inflicted an estimated £1.9 billion in financial damage across the UK and disrupted more than 5,000 organisations, marking the most economically devastating cyber incident in the nation’s history.
Swift to pilot AI in fight against fraud
Banking co-operative Swift is working with global banks on AI pilots to tackle cross-border payments fraud.
Bermuda re/insurers continue to support US policyholders amid cat losses: BMA
Bermuda-based re/insurers are expected to face gross claim losses nearing US$10 billion in payments to policyholders and cedants in the United States following the catastrophic January 2025 wildfires in Southern California.
FCA warns banks over APP fraud and poor treatment of victims
With authorised push payment fraud on the rise, the FCA says banks should strengthen anti-crime systems and must treat victims of fraud better.
“Market conditions favourable” – Peel Hunt
Analysts from Peel Hunt say that market conditions within the specialty reinsurance and insurance sector remain favourable.
Digital wealth manager Moneyfarm raises £40 million
Digital wealth manager Moneyfarm has tapped existing investor Allianz Asset Management and a combination of VC and private equity funding to raise £40 million in a Series B financing round, advancing its ambitions to enter the personal financial management arena.
Everest Insurance hires Maria Grace as new head of international property
Everest Insurance has announced that Maria Grace is to return to the company as its new head of international property.
GoHenry’s co-founder & COO on keeping course under acquisition and expansion
Louise Hill, co-founder & COO of the children’s financial education app, GoHenry, recently sat down with Finextra to discuss developing financial resilience at a young age and their recent acquisition.
Dismissal of indemnity claim ruled premature on appeal
Claims Disputes, Coverage Disputes, P/C Insurers Liberty Mutual