Industry News

American International Group (AIG), a global insurance behemoth headquartered in the US, has announced its decision to divest Validus Re to RenaissanceRe Holdings Ltd.

Global software solution provider Sapiens International Corporation, and tech titan Microsoft, have announced a strategic partnership aimed at harnessing the power of generative artificial intelligence (AI) in the insurance industry.

Unlimited, which allows investors to access alternative investment strategies without the high costs commonly associated, has bagged $8m.

QED Investors, a prominent global FinTech venture capital firm, has proudly announced its successful closure of two new funds with combined capital commitments totalling $925m.

Promutuel Assurance, one of Quebec's most significant property and casualty mutual insurance carriers, has selected Akur8 for its innovative insurance pricing solution.

Ballerine, a leading player in the open-source risk decisioning platform arena, has announced a successful seed funding round.

With more attention on ESG oversight and maximising shareholder value, corporate firms in Europe are finding themselves in the spotlight.  

CyberVadis, a cyber risk management platform providing reliable cybersecurity ratings, recently secured €7m in a Series-A funding round.

Goldman Sachs has officially announced the appointment of Kara Succoso Mangone as the Head of its Sustainable Finance Group.

Checkout.com, a key player in the global payments landscape, can now add another feather to its cap as it becomes the first global payments platform to receive a Retail Payment Services licence from the UAE Central Bank.