Company News

International legacy group Compre, has acquired Medical Insurance Company DAC (MIC), the Irish subsidiary of Covéa.

Arch Insurance International, a leading provider of insurance and reinsurance solutions, has announced the appointment of Ketan Motwani as UK chief operating officer (COO), effective immediately.

The UK Financial Conduct Authority has new powers over the UK largest banks and building societies to ensure cash withdrawal and deposit facilities are available to communities across the country.

A survey by Parliament Street Think Tank has found up to 66% of SMEs feel they have been let down by their banking provider during the Covid-19 crisis.

NICE Actimize, an autonomous financial crime management platform, has formed two new partnerships to improve its anti-money laundering and data intelligence capabilities.

Nomura has disclosed its equity investment in Prismic Life Reinsurance, a Bermuda-based life and annuity reinsurance platform.

Torpago has successfully raised $10m in a Series B funding round to support its white-label commercial credit card and expense management platform tailored for banks.

With a huge chunk of the global workforce now working through a remote or hybrid working model, new challenges are arising for firms to maintain effective supervision.

A survey by Entrust has found that while hybrid working is popular with employees and leaders alike, the security concerns around the model are high with business leaders.

Foxquilt, which builds communities to improve insurance experiences, has released its services in more Canadian states as part of its 2020 expansion plan.