‘Real money to be made’ in treasury management says Bound CEO
Opening the final day of Money 20/20 Europe was a session exploring whether treasury management is broken.
AM Best revises Issuer Credit Rating outlook to positive for Singapore Re
AM Best has revised Singapore Re’s outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed its rating of “a” (Excellent).
Gallagher acquires Oregon agency
Agents and Brokers, Marine, Mergers and Acquisitions, P/C Insurers Arthur J. Gallagher & Co.
Charles Taylor appoints Tsuyoshi Sharyo to lead P&C
Charles Taylor Adjusting, a global loss adjusting business, has announced the appointment of Tsuyoshi Sharyo as Assistant Director of its expanding Property & Casualty offering in Japan.
Against all odds: Auto market holds steady
The auto finance sector is showing signs of improving affordability and resilient loan production amid gradual dips in vehicle prices…
Flagship Credit Acceptance welcomes new chief risk officer
An executive whose career includes time with DriveTime Automotive and Capital One now is with Flagship Credit Acceptance. Continuing a string of industry executive moves to begin the year, Flagship Credit Acceptance on Wednesday appointed Matthew Long to be its … [Read More]
BBVA to train top executives in GenAI
BBVA is creating a training programme to give its top executives a grounding in the use of GenAI to improve productivity.
GFIA warns IAIS ‘disproportionate’ focus on climate risks could overshadow other risk drivers faced by insurers
The Global Federation of Insurance Associations (GFIA) warns against a ‘disproportionate’ focus on climate risks in its response to a consultation by the International Association of Insurance Supervisors (IAIS) on the supervision of climate risks in the insurance sector.
Over £1bn stolen by fraudsters in 2024 – UK Finance
Criminals stole £1.17 billion through fraud in the UK last year, with a slight fall in authorised push payment fraud losses offset by a rise in remote purchase fraud.
Renewable energy not as prominent in cryptocurrency mining as previously claimed
The prevalence of renewable energy in cryptocurrency mining is being driven by hydroelectricity, according to a study by the Cambridge Centre for Alternative Finance (CCAF), but APAC’s cheap coal-powered energy is what sets it apart from other regions.
Arivo CEO prioritizes AI, looks to boost efficiency 30%
Subprime lender Arivo Acceptance Chief Executive Landon Starr will continue to embrace technology while making structural adjustments to the company’s operations…
Cyber threats, climate change, and BI lead insurance concerns: Munich Re & Triple-I
Cyber threats, climate change, and business interruption (BI) are the top risk concerns among key marketplace segments in the insurance industry, according to a new survey by Munich Re America and Triple-I.
Big banks join $40 million SigFig round
San Francisco-based robo-advisor SigFig has raised $40 million in a new financing round that includes investment from UBS and the fintech venture fund of Spain’s Banco Santander.
Lockton Re expands Capital Advisory capabilities with senior appointments
Lockton Re, the reinsurance business of insurance broker Lockton, has appointed Darsh Patel to lead Transaction Structuring and Reserving Analytics globally and Jack McGregor to lead Retrospective Reinsurance and Legacy Solutions for North America.