New Unicorn Wealthsimple Plans Insurance, Mortgage Products Buildout Before IPO October 16, 2020 By Kevin Orland Fresh off achieving a $1 billion valuation, Wealthsimple Inc.’s top executive says the firm has more work to do before...
France Plans €20 Billion in State-Backed Loans to Avoid Small Firm Failures October 16, 2020 By Leigh Thomas France plans to raise 20 billion euros ($23 billion) in quasi-equity loans for small firms hit by the coronavirus crisis...
MGA DUAL Plans to Use Its Own Underwriting Capital Alongside Capacity Providers October 16, 2020 DUAL, the London-based managing general agency, announced it will deploy its own group underwriting capital alongside its existing capacity providers....
INSTANDA Launches Cyber Insurance Product in Africa October 16, 2020 INSTANDA, the customer and policy management platform for the insurance industry, has launched its first African insurance market product on...
Lack of Clarity on Liability Could Cause Delay with WHO Coronavirus Vaccine Drive October 16, 2020 By Francesco Guarascio BRUSSELS – Who foots the bill if people in poor countries fall sick with unexpected side-effects from coronavirus vaccines? It’s...
G7 Leaders Vow to Combat Surging Ransomware Attacks Against Financial Services October 15, 2020 By Andrea Shalal and Jan Strupczewski Financial leaders of the world’s seven biggest economies on Tuesday vowed to fight rising ransomware attacks amid the COVID-19 pandemic,...
Watchdog Finds Big Drop in Enforcement Against Foreign Bribery Since 2018 October 15, 2020 Active enforcement against foreign bribery has dropped sharply since 2018, and three places – China, Hong Kong and India –...
Guy Carpenter’s Massingham to Join Lockton Re Marine, Energy Division in London October 15, 2020 Andy Massingham will be joining reinsurance broker Lockton Re as a senior broker as part of the Marine & Energy...
Nokia COVID Detection System Automatically Scans for Employees’ Temperature, Mask October 15, 2020 Nokia has created an automated system that uses a thermal camera and real-time video analytics to determine if a person...
EU Leaders to Pressure Britain for Trade Concessions in Troubled Brexit Talks October 15, 2020 By Robin Emmott and Philip Blenkinsop European Union leaders meeting in Brussels on Thursday will pressure Britain for concessions in their troubled Brexit talks, saying a...