CBDCs can work with private stablecoins – research
A wholesale CBDC could successfully work with private stablecoins, shows research from the Hong Kong Monetary Authority and BIS Innovation Hub.
RenRe and subsidiaries get positive outlooks from AM Best
Credit ratings agency AM Best has revised the outlooks of Renaissance Reinsurance Ltd. (RenRe) and its subsidiaries to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICRs), and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICRs of “aa-” (Superior).
Auto parts supplier Marelli files for Chapter 11 bankruptcy
Marelli Holdings Co., the struggling auto parts supplier for Nissan Motor Co., Stellantis NV and other carmakers, has filed for…
Selective Insurance reports 34% rise in net income to $108m in Q1’25
Selective Insurance Group has reported its financial results for the first quarter of 2025, reporting net income of $107.6 million, $1.24 billion in net written premiums (NWP) and an improved combined ratio of 96.1%.
SiriusPoint hires strategy, corporate development officer from Chubb
P/C Insurers, Reinsurance Bermuda Chubb
Gallagher buys Southern California agency
Agents and Brokers, Mergers and Acquisitions Arthur J. Gallagher & Co.
Spring Insure gains Central Bank of Ireland authorisation and launches European Financial Lines offering
Spring Insure, has received authorisation from the Central Bank of Ireland (CBI) and Lloyd’s coverholder status in Ireland, opening its doors to European business.
Global MGA/MGU revenues grew by over 21% in 2021: Insuramore
Insuramore is reporting that MGA, MGU, and coverholder-group revenues jumped 21.7% in 2021.
US commercial insurance pricing up 4% in Q1: Marsh
P/C Insurers, P/C Pricing Asia-Pacific & Australasia, European Union, Latin America, United Kingdom Marsh & McLennan
Bridget Tatham elected President of FOIL for 2026
The Forum of Insurance Lawyers (FOIL), an organisation representing 8,000 lawyers and paralegals across 61 corporate firms, has elected Bridget Tatham, Partner at Browne Jacobson, as President for 2026.
CFPB spots 3 improvements made by Equifax, Experian and TransUnion
While still on the watch for “cutting corners to fuel their profit model,” the Consumer Financial Protection Bureau (CFPB) recently released its annual report that details improvements made by the three largest credit bureaus — Equifax, Experian and TransUnion. The … [Read More]
SIX Swiss Exchange resumes trading following tech breakdown
SIX Swiss Exchange is to resume trading from 14.30 after technical problems forced the market operator to twice suspended trading in stocks, bonds, and exchange-traded funds.
Strong US payrolls and wage growth push back bets for Fed cuts
US job growth surged in May and wages accelerated, prompting traders to push back the expected timing of Federal Reserve…
Digital euro could roll out in 2029 – ECB’s Cipollone
Work on the digital euro is gaining momentum, with a launch possible by the middle of 2029, according to European Central Bank Executive Board member Piero Cipollone.