Markel promotes Morris Taylor to CTO role
Markel has promoted Morris Taylor to become its new chief technology officer.
Tricolor chapter 7 bankruptcy case consolidated, trustee named
Tricolor Holdings and its affiliates’ bankruptcy cases have been consolidated for joint administration, allowing the court to combine the individual…
Cox Automotive spots ‘notable changes in auto credit access’ in April
Auto financing — at least on the origination side of the business — doesn’t appear to be fully immune from the headwinds and uncertainty that seem to be influencing the economy. Cox Automotive reported on Monday that the Dealertrack Credit … [Read More]
IZettle releases SDK for in-app card payments
IZettle has introduced a software development kit that enables merchants to integrates its card payments service directly into their own mobile apps.
Freetrade pulls out of Swedish market
Freetrade has announced it is leaving the Swedish market to focus its resources on UK self-directed investment market.
ECB/ESRB emphasise critical role of re/insurance in addressing climate-related financial risks
The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) have underscored the pivotal role of insurance and reinsurance in mitigating climate-related financial stability risks across the European Union (EU).
New York expands Digital Currency Group lawsuit to seek $3bn
New York Attorney General Letitia James has filed an amended lawsuit against crypto firm Gemini and Digital Currency Group, alleging that nearly quarter of a million investors were defrauded out of more than $3 billion, rather than the $1 billion claimed in the initial suit.
Neptune Insurance announces $20 per share IPO
Neptune Insurance Holdings Inc., the parent company of managing general agent Neptune Flood, has announced the pricing of its initial public offering (IPO) for the sale of 18,421,053 shares of its Class A common stock at $20 per share.
GM slashes guidance with up to $5 billion hit from tariffs
General Motors Co. cut its full-year profit outlook due to as much as $5 billion of exposure to auto tariffs,…
Clim8 smashes Crowdcube target
Sustainable investment app Clim8 has raised £1.26 million on the first day of a crowdfunding campaign via Crowdcube, beating its target of £750,000 by 168%.
Ford Credit earnings down 10%, while distributions resume
Ford Credit’s earnings declined in the second quarter while the lender’s portfolio increased, and the captive resumed distributions to parent…
AutoNation Finance originations up 74%
AutoNation Finance’s origination volume jumped 74% sequentially in the fourth quarter as the retailer launched captive financing at nearly all…
U.S. insurers’ coronavirus costs are less than feared so far
Coronavirus, Emerging Risks, Financial Results, P/C Insurers, Risk Management AIG, Chubb Ltd., The Travelers Cos.
GAP Alliance, Car Pros, Kunes Auto execs join aftermarket products webinar
Auto Finance News is pleased to announce the lineup for the free webinar “Tapping aftermarket products to improve dealer relations…
