Interest-rate cut may finally be on horizon
The Federal Reserve’s next opportunity to modify interest rates arrives next Wednesday. Experts see the job market as a primary reason why policymakers might be making their first modification in more than a year. And perhaps at least one member … [Read More]
Bridge Specialty to acquire Singapore-based insurance broker Acorn
Brown & Brown Europe’s wholesale and specialty brokerage group, Bridge Specialty International, has agreed to acquire Singapore-based insurance broker Acorn International Network Pte Ltd.
Anthropic settles class action from US authors alleging copyright infringement
Intellectual Property, Technology
Risk Solved partners with TCG Process to enable end-to-end automation of inbound docs
Global risk management platform provider Risk Solved, and TCG Process, an international intelligent document processing and automation solutions provider, have partnered to enable greater end-to-end process automation of inbound documents, such as sales and risk placement enquiries, to the Risk Solved solution.
Transak raises $16m to scale stablecoin payments infrastructure
Fiat-to-crypto infrastructure provider Transak has raised $16 million in funding to expand its stablecoin payments stack.
‘Resilience’ emerges as key theme in global insurance landscape in 2023: Aon
In a comprehensive analysis of the global insurance landscape, Aon’s latest report for Q4 2023, led by Joe Peiser, Chief Executive Officer of Commercial Risk Solutions, highlights resilience as the defining theme of the year.
SCOR posts 85% CoR as net income hits €200m in Q1’25
French reinsurer SCOR has reported a 1.7% rise in net income to €200 million for the first quarter of 2025 with a solid performance in both its Life & Health (L&H) and Property & Casualty (P&C) segments, despite the impacts of the Los Angeles wildfires.
MGT Partners and Huntingdon Advisory form partnership to expand European re/insurance opportunities
Huntington Advisory, an independent strategic advisory firm headquartered in Singapore with offices in London and Hong Kong, has partnered with MGT Partners, a French financial services group based in Paris, to enhance client access to the European re/insurance broking market and related financial services opportunities.
NJ law underscores need for lender in-vehicle data deletion
A New Jersey law in effect since January requires auto dealers to offer to delete consumers’ data from cars, highlighting…
Wise enters Africa
Global money movement firm Wise has received its first regulatory licence in Africa, securing conditional approval from the South African Reserve Bank (Sarb) to operate as a Category 2 Authorised Dealer in Foreign Exchange with Limited Authority (ADLA)
US insured cat losses estimated at $4bn+ in Q2: Goldman Sachs
Analysts at Goldman Sachs have estimated that US insured losses from catastrophes in the second quarter of the year could be more than $4 billion.
SageSure to underwrite policies issued by Trium Syndicate 1322 after receipt of Lloyd’s Coverholder and DCA status
Large, US catastrophe-exposed focused managing general underwriter (MGU), SageSure, is now an official Coverholder and Delegated Claims Administrator (DCA) at Lloyd’s after approval from the marketplace, enabling the firm to underwrite policies issued by Trium Syndicate 1322.