Yonder secures £62.5 million in Series A funding
Rewards credit card startup Yonder has secured £12.5 million in equity and a £50 million credit line to scale operations.
Kita expands active risk monitoring across all stages of the carbon lifecycle
Kita, the carbon insurance specialist and Lloyd’s of London coverholder, has launched its full-spectrum Active Risk Monitoring services for the carbon markets.
NCR Voyix sells digital banking business for $2.45bn
NCR Voyix has entered an agreement to sell its cloud-based digital banking business for $2.45 billion in cash to Veritas Capital.
Higher losses prompt rating downgrades on subprime securitizations
S&P Global has again lowered its ratings on a 2022 Flagship Credit Acceptance auto securities transaction as loss expectations rise…
California lets insurers factor wildfire risks in rates to widen coverage
Emerging Risks, P/C Insurers, Property
Lockton names Rapciewicz as US Casualty Leader & Cullen as Head, Excess Casualty & Operations
Lockton, a global independent insurance brokerage, has appointed Peter Rapciewicz as US Casualty Leader, and Jessica Cullen as Head of Excess Casualty and Operations, based in New York City.
Broadridge preps India hiring spree
American fintech Broadridge is ramping up it headcount in India as it bids to cash in on the emerging economic superpower’s rapidly-growing potential customer base.
ABN Amro merges fintech venture fund with Motive Partners
Motive Ventures is to take over the running of ABN Amro’s Venture Fund (AAV), consisting of 15 early-stage fintech startups.
Experienced former regulatory leader joins YASSI board of directors
Yotta Automated Software Solutions (YASSI), a provider of live vehicle and title data intelligence for the vehicle, lending and insurance industries, welcomed Anne Ferro to its board of directors this week. Ferro possesses more than three decades of leadership experience … [Read More]
MGA Sertis expands into an additional 32 U.S. states
Sertis, an MGA in the multifamily insurance market, has expanded into a further 32 states across the United States.
Sixth Street to acquire Global Lending Services
Evidently the investment world isn’t completely sour on subprime auto financing despite what’s transpired in the industry segment recently. On Wednesday afternoon, Global Lending Services (GLS) announced it has entered into a definitive agreement to be acquired by Sixth Street, … [Read More]