HCI renews reinsurance agreement with United
Florida-based insurtech HCI Group has announced the renewal of its quota share reinsurance agreement with United Property & Casualty Insurance Company.
After regulators again talk ‘junk fees,’ Ignite suggests getting ‘your house in order’
Ignite Consulting Partners reiterated some best practices this week since the Consumer Financial Protection Bureau and the Federal Trade Commission intensified their campaign of weeding out what they deem to be “junk fees.” Firm experts cautioned that ignoring what regulators … [Read More]
Burns & Wilcox to offer Loadsure’s AI-powered insurance coverage to brokers across Canada
Insurtech Managing General Agent (MGA), Loadsure has announced a partnership with wholesale specialty insurer and MGA, Burns & Wilcox.
Conduit Re in ‘full preparation mode’ as market discipline holds and rates begin to soften: CEO Eckert
During a recent interview, Neil Eckert, co-founder and Chief Executive Officer (CEO) of Bermuda-based reinsurer Conduit Re, said the company reported a benign third quarter, reaffirming its guidance for year-end as the market shows early signs of rate softening in property catastrophe and retrocession. In its Q3’25 results, Conduit Re reported reinsurance revenue of $662.4 million, a 12.6% increase over the nine months ended 30 September 2024. Of the total reinsurance revenue for the period, Conduit Re’s Property segment contributed the most, at a solid $347.9 million, followed by the Specialty segment at $202.1 million and the Casualty segment at $172.2 million.
ADAS technology to have significant impact on auto insurance industry: Evercore ISI
Advanced Driver-Assistance Systems (ADAS) are expected to have a significant impact on the auto insurance industry, driving near-term frequency changes to the sector, although, autonomous could have greater ramifications longer-term, according to a recent Evercore ISI.
Axis Bank and Fibe team on India’s first numberless credit card
India’s Axis Bank has joined forced with local fintech Fibe to launch the country’s first numberless credit card.
Green Check and Lüt to deliver compliant and cashless payment solution for cannabis operators
While the cannabis banking industry continues to be a complex sector due to regulatory conflict between state legalisation and federal prohibition in the US – forcing most businesses to operate largely in cash – since 2017, Green Check has been working to modernise the way cannabis businesses and financial institutions work together.
Hub buys Massachusetts insurance agency
Agents and Brokers, Mergers and Acquisitions Hub International
Artex announces CEO succession plan
Agents and Brokers, Alternative Risk Transfer/Captives Arthur J. Gallagher & Co.
Auto lenders note uptick in fraud after record year of exposure
Auto lenders are seeing a jump in fraud, with exposure across the industry hitting a record level in 2024. …
HCL buys Avaloq implementation partner Confinale
The UK arm of India’s HCL Technologies has agreed to buy Confinale, a Swiss digital banking and wealth management consulting specialist and Avaloq premium implementation partner. Financial terms were not disclosed.
3 ways the One Big Beautiful Bill affects auto
President Donald Trump’s One Big Beautiful Bill, signed into law July 4, could affect the automotive and auto finance industry…
TSB partners Wealthify to offer customers robo-investments
TSB is to launch its first investment programme through a partnership with robo-advisor Wealthify.