Global credit rating agency Fitch Ratings warns that alternative investment managers’ (Alt IMs) growing participation in Lloyd’s syndicates and US casualty sidecars is introducing new third-party capital to the reinsurance market but also increasing potential credit, liquidity, valuation, and governance risks.
The US government has imposed sanctions on 13 fintechs for offering crypto-based services to Russian firms looking to evade the economic restrictions in place since the outbreak of war in Ukraine.
The Securities and Exchange Commission (SEC) has announced settled charges requiring Oracle to pay $23 million, following the company’s violation of provisions in the Foreign Corrupt Practices Act (FCPA).
Ally Financial’s fourth-quarter auto originations climbed year over year as the bank prioritized its auto lending business. The Detroit-based lender’s…
Employment Practices, P/C Insurers Axis
The Munich Re Economic Research Outlook for 2024 suggests a challenging economic landscape marked by geopolitical uncertainties, weak growth, and lower inflation.
Morgan Stanley has struck a $900 million cash deal to buy Solium Capital, a Canadian provider of cloud-enabled share plan administration services.
Finmid, a German financial infrastructure provider targeting B2B marketplaces, has emerged from stealth with €35 million in early-stage equity funding.
The £600 million deal has an “initial” agreement lasting 10 years.
Rokstone, an international specialty re/insurance MGA and part of the Aventum Group, has appointed Stephanie Belcourt as Head of Complex Claims.
Emerging Risks, P/C Insurers Canada Allianz
Send Technology Solutions Ltd (Send), an insurtech firm, has announced the appointment of Daniel Pass as Chief Technology Officer.
