Soaring ransomware risks require vigilance
Cyber Risks, Emerging Risks, Technology Axa, Chubb Ltd., Lockton
Goldman adopts measured approach to roll out of AI
Goldman Sachs is adopting a measured approach to the use of AI across the firm, reflecting the evolving nature of the technology and the uncertainties around best case outcomes.
Octane surpasses $1.5B in forward-flow deals with Moore Capital Management
Powersports lender Octane Lending exceeded $1.5 billion in forward-flow deals over the past 10 months after it closed an agreement…
OCBC rolls out bespoke tokenised bonds to large corporate clients
OCBC has launched the sale of bespoke tokenised bonds issued in S$1,000 denominations to corporate clients that have net assets exceeding S$10 million.
WealthTech Zilo secures $27 million investment
London-based WealthTech firm Zilo has raised $27 million in a Series A2 funding round.
Bank of England frets over stability of Big Tech cloud providers
The Bank of England is warning that additional policy measures may be required to mitigate financial stability risks from the growing concentration of power in the hands of global cloud providers.
Swift to develop concrete plans for CBDC and tokenised asset exchange
Global banking co-operative Swift is moving forward with plans to offer member banks access to emerging digital asset classes and currencies over its network, covering a range of use cases in payments, securities, FX, trade and beyond
Commercial P&C premiums across all account sizes rise by 5.1% in Q3’24: CIAB
In the third quarter of 2024, premiums across all account sizes rose by 5.1% within the commercial property and casualty (P&C) insurance market, roughly the same as the 5.2% recorded in the previous quarter, according to The Council of Insurance Agents & Brokers’ (CIAB) latest quarterly survey.
South Korea orders airline safety probe after crash
Aviation, Disaster Management, P/C Insurers Asia-Pacific
Gallagher Re adds Andrew Phelan as Chairman of Global Credit, Surety, and Political Risk
Gallagher Re, a global reinsurance brokerage and risk advisory firm, has appointed Andrew Phelan as Chairman of Global Credit, Surety (except US), and Political Risk.
DBS chief Gupta docked millions of dollars in annual salary over outages
DBS chief executive officer Piyush Gupta is to take a 30% pay cut as punishment for a series of disruptive outages that hit the bank’s payments and ATM services last year.
Wero wallet arrives at the online checkout via Nuvei
Nuvei has joined the European Payments Initiative (EPI) as one of the first providers to offer merchants the Wero digital mobile wallet as an option in their online checkouts.