The Insurance Council of Australia (ICA) has called on the Albanese Government to guarantee that the next Federal Budget includes an ongoing fund of $250 million a year to buy back and raise homes that are exposed to extreme flood risk.
Catastrophes, Insurance-linked Securities, Reinsurance Canada, France, United Kingdom SCOR
Asoka Woehrmann, the chief executive of Deutsche Bank subsidiary DWS, has resigned after German law officials stormed its offices over claims that the company exaggerated the sustainable credentials of some of its financial products.
Indian neo-banking platform Niyo has raised $100 million in a Series C funding round led by Accel and Lightrock India.
Emerging Risks, Marine, P/C Insurers Allianz
Goldman Sachs is claiming a quantum computing breakthrough, designing algorithms it says could be used on hardware that may be available in as little as five years.
M&G has launched a Value Share Bulk Purchase Annuity (BPA) proposition by completing a £500 million transaction with a private Corporate Sponsor and its UK Pension Scheme, insuring around 3,200 pensioner and deferred members.
Agents and Brokers, Employment Practices, P/C Insurers
Berlin-based Mondu is expanding its distribution across Europe through new partnerships with Payin3 and Lemonway, providing businesses and marketplaces with the same ease and convenience of consumer payments and buy now, pay later options.
MasterCard has kicked off the first in a series of ten global hackathons in Sydney, where developers will compete for a place in the final and the chance to win a $100,000 grand prize
EY has appointed UK consulting partner James Anderson to lead its pricing consultancy practice, which offers pricing strategy and advises analytics and technology to non-life insurance firms.
Consumers shopping for Tesla vehicles are now provided with low-rate financing options when reserving or purchasing a Model Y, Model 3, Model X, Model S, or Cybertruck vehicle through Tesla’s website or mobile app.
