National Bank of Canada takes majority stake in data sharing startup Flinks
National Bank of Canada is paying C$103 million for a majority stake in Flinks, a Montreal-based data aggregation startup.
Everest expands its alternative capital business with launch of Mt. Logan Capital Management
Bermuda-based insurer and reinsurer Everest Group has unveiled a new structure for its alternative reinsurance capital business, transforming it into a multi-vehicle capital management platform via the launch of Mt. Logan Capital Management, Ltd. (MLCM).
Klarna goes to market with elevated price tag
BNPL giant Klarna has priced its IPO at $40.00 per share, providing an elevated valuation of $15 billion.
Block to pay $40m penalty for AML failures
Block will pay a $40 million penalty to New York regulators for “significant failures” in anti-money laundering programme and virtual currency compliance failures on its Cash App platform.
IMA hires from NFP for government contractors specialty role
Agents and Brokers, Excess and Surplus Lines, P/C Insurers Aon, NFP
Spike in Pregnant Workers Fairness Act lawsuits alarms employers
Agents and Brokers, Employment Practices, P/C Insurers, Risk Management Marsh & McLennan, USI Insurance Services
Fathom’s flood maps now available in Swiss Re Reinsurance Solutions’ CatNet
Swiss Re Reinsurance Solutions has revealed that Fathom’s advanced Global, UK, and Japan flood maps are now available within the CatNet risk assessment platform.
TransUnion: Higher-risk consumers fuel double-digit jump in Q1 car-insurance shopping
Fueled in part by what analysts deemed to be higher-risk consumers, auto insurance shopping in the first quarter increased 10% compared to the same period in 2024, according to TransUnion research. And Mercury Insurance reiterated that credit scores can be … [Read More]
Europe must provide more support for stablecoins or face subservience to the US dollar
Jürgen Schaaf, an economist and advisor to the European Central Bank’s Market Infrastructure and Payments division, says more support should be provided for properly regulated euro-denominated stablecoins to ward off the threat posed by US dollar-backed tokens.
Disability bias claim dismissed, retaliation claim reinstated
Coverage Disputes, Disability, Employment Practices
Goldman Sachs joins $170m funding round for French fintech Younited
Younited, a Paris-based credit and payment platform, has raised $170 million in a funding round joined by Goldman Sachs and Bridgepoint.
NatWest adopts Pexa digital remortgage platform
NatWest has agreed a deal with vendor Pexa to start carrying out digital remortgage deals from next year.
Christophe Letondot returns to AIG as Global Head of Credit Lines
Global insurer AIG has announced the appointment of Christophe Letondot as Global Head of Credit Lines.
Standard Chartered revamps mobile and online channels for African push
Standard Chartered is rolling out a new mobile and online banking service to serve one million clients across eight African markets as part of a three-year $1.5 billion commitment to a digital future.