Private credit’s sketchy marks get warning shot from Wall Street’s top cop
Wall Street’s top prosecutor has a warning for private-market players getting creative with their numbers. Stark divergences in how competing…
Temenos hops on to Google Cloud
Looking to capitalise on explosive growth in cloud adoption by banking institutions, Swiss core banking vendor Temenos is extending its partnership with Google Cloud.
Chubb reorganizes E&S unit Westchester
Agents and Brokers, Excess and Surplus Lines, Marine, P/C Insurers, Property Chubb
AIR welcomes passage of Illinois law involving data contained in repossessed vehicles
The Alliance of Illinois Repossessors (AIR) cheered the signing of SB 0800 into law by Gov. J.B. Pritzer, a development the organization said solidified the nation’s first law related to consumer data protection and repossessed vehicles. The July 28 signing … [Read More]
Truist posts record insurance income for Q2
Financial services firm Truist Financial Corporation has reported net income of $178 million for its Insurance Holdings segment in the second quarter of 2022.
Lloyds PE unit invests in LendingMetrics
Lloyds Banking Group’s private equity investor LDC has backed credit risk technology provider LendingMetrics.
Vroom settles with FTC, ordered to pay $1M to impacted car buyers
The Federal Trade Commission said late Tuesday that it took enforcement actions against Vroom for misrepresenting that the retailer thoroughly examined all vehicles before listing them for sale. The FTC also said Vroom failed to obtain consumers’ consent to shipment … [Read More]
Hokodo to use Munich Re’s Talaria to expand its geographical footprint
Hokodo, a digital trade credit provider, has announced that it will use Talaria, the digital trade finance platform of Munich Re, to expand its reach into new European markets.
Zest AI integrates credit decisioning & fraud detection into Temenos loan origination solution
In a move geared toward more credit access, Zest AI on Tuesday announced the native integration of its automated underwriting and fraud detection with the Temenos loan origination solution. The companies highlighted this seamless integration provides traditional financial institutions in … [Read More]
Economists see more interest-rate rises ahead
At least three economists anticipate the Federal Reserve pushing interest rates higher after chairman Jerome Powell made one of his most anticipated speeches of the year last week. The Fed’s annual gathering in Jackson Hole, Wyo., was the backdrop on … [Read More]
S&P and CME Group to sell post-trade business to KKR for $3.1bn
S&P Global and CME Group have agreed to sell Osttra, a provider of post-trade infrastructure to the global OTC market, to investment funds managed by KKR for $3.1 billion.
Commercial property/casualty rates rise in second quarter
Auto liability, D&O, Excess and Surplus Lines, P/C Pricing, Risk Management, Workers Comp Pricing
Rokstone names Lewis Goodearl to lead new UK & Ireland Casualty Division
Rokstone, an international specialty re/insurance MGA and part of the Aventum Group, has appointed Lewis Goodearl as Head of its newly established UK and Ireland Casualty division.