A report from insurance broker Howden has revealed that an increasingly unpredictable threat landscape has elevated strikes, riots and civil commotion (SRCC) risks and hence reduce risk appetite in the political violence (PV) insurance market.

Quality assurance (QA) is an important process for financial services. It ensures products and services are compliant and that they meet customer demands. Aveni, a UK-based RegTech platform, has set out to debunk eight assumptions around QA within financial services.

The Canada Life Assurance Company is to acquire Investment Planning Counsel (IPC) an independent wealth management firm from IGM Financial.

Vouch, an insurance provider re-thinking business insurance for the technology industry, has partnered with StartupOS to bring insurance to early-stage startups.

PhonePe, an Indian payments application, has netted yet another $100m in funding as it continues its path to raising $1bn in funding.

Fivecast, an open-source intelligence software firm, has closed its Series A funding round and has raised $20m.

Canopius, a global specialty (re)insurer, has partnered with managing general agent Falvey Insurance Group (FIG) to offer inland marine coverage in the US.

UK-based open banking provider Ecospend has joined PIMFA WealthTech, the digital marketplace and industry network to boost collaboration and innovation within wealth management.

CAT Labs, a startup building forensic and cybersecurity tools to fight crypto-enabled crime, has bagged $4.3m in its pre-seed round.

New York-based independent prime broker Clear Street has been valued at $2bn following the close of a $270m investment from growth equity firm Prysm Capital.