Why automation is delivering, not retreating
Despite persistent skepticism, the adoption of AI in auto finance continues to accelerate. Automation is not a trend in retreat,…
Tower expects FY24 underlying NPAT at upper end of or exceed range of $22m & $27m
Kiwi insurer Tower has updated its earnings guidance on underlying net profit after tax (NPAT) for the year ending September 30, 2024 to be at the upper end of or exceed the previously advised range of between $22 million and $27 million.
Brown & Brown hires from Premier, adds analytics execs
Agents and Brokers, Catastrophe Modeling, Catastrophes, Cyber Risks, Emerging Risks, P/C Insurers, Technology Brown & Brown, The Travelers Cos.
Markel launches new Specialty practice
Markel, the insurance division of Markel Group Inc., has launched a Specialty practice within its International Wholesale arm, which will be led by Tom Hillier as Divisional Managing Director.
Atrium’s new Syndicate 2026 secures ‘in principle’ approval, targets initial GWP of $150m
Atrium, an insurance group operating within the specialist Lloyd’s insurance and reinsurance marketplace, has been granted “in principle” approval for its new delegated property catastrophe and weather and climate risk-focused Syndicate 2026.
Riihiluoma named new SVP, Head of Specialty Reinsurance at Hamilton Re
Hamilton Insurance Group has appointed Peter Riihiluoma as Senior Vice President, Head of Specialty Reinsurance at Hamilton Re, the firm’s Bermuda-based insurance and reinsurance underwriting platform.
World Bank’s IFC invests $10m in FintechOS to boost financial inclusion
IFC — a member of the World Bank Group — has invested $10 million in FintechOS, backing the European startup’s low-code approach as a way to boost financial inclusion around the world.
BBVA virtual assistant gets AI-powered account and card management features
BBVA has revamped its personal virtual assistant, adding AI-powered account and card management features.
HDI names Kate Sutcliffe as Director of Property, UK & Ireland
HDI Global SE UK & Ireland (HDI) has appointed Kate Sutcliffe as Director of Property, UK & Ireland, effective January 15, 2024, who will take over the role from Jon Bartlett who retired at the end of last year.
FCA takes next steps in developing regulated crypto regime
The UK’s Financial Conduct Authority has set out its latest steps to improve the integrity of the UK’s crypto market.
Hurricane Debby insured losses to be “very manageable’: Gallagher Re
Agents and Brokers, Catastrophes, P/C Insurers, Property, Reinsurance Arthur J. Gallagher & Co.
Sibos 2023: Temenos Payments Hub launched on IBM Cloud
Temenos has announced that Temenos Payments Hub, a payments solution, is available as the first of its kind on IBM Cloud for Financial Services.
Fintechs join UK ‘Tech Zero’ climate taskforce
Revolut, Starling and Wise are among a host of UK fintechs to join a new ‘Tech Zero’ taskforce to tackle climate change.
Mass EV adoption slows amid headwinds
Social impact, lack of dealer support and struggling business models are hindering mass EV adoption while EV manufacturers Rivian and…