The market downturn seen in the first half of the year was led by tech stocks, and Bridgewater Associates, the hedge fund run by billionaire investor Ray Dalio was quick to capitalize on the weakness in the space, a 13F filing by the firm showed.
For the second consecutive quarter, the rate of suspected global digital fraud attempts in the insurance industry experienced the greatest rise on a year-over-year basis, increasing 159% between Q2 2021 and Q2 2022.
Hippo Holdings Inc (HIPO): * HIPPO WELCOMES INSURANCE INDUSTRY LEADER JOHN 'JAY' NICHOLS JR. TO BOARD OF DIRECTORS Source text for Eikon: Further company coverage:
The first half of 2022 concluded with a normalization in serious delinquency rates to pre-pandemic levels for most credit products as lenders continued to expand access to credit cards and personal loans. Consumers are facing several challenges that are impacting their finances on a day-to-day basis, namely high inflation and rising interest rates.
Recent multi-billion dollar mergers and upbeat earnings reports in the airline industry have revived optimism in the sector and on airline stocks as investors turn bullish on the sector's potential after being paralyzed by the COVID-19 pandemic in the past two years.
The London insurance sector is preparing to cover Ukrainian grains and fertiliser shipments through a secure corridor, voyages that may need up to $50 million of insurance cover per cargo, industry sources involved said on Wednesday. London's marine insurance market has placed the Black Sea region on its high-risk list and insurance costs have soared.
The American Association of Insurance Services and the Linux Foundation welcome Jefferson Braswell as the new Executive Director of the openIDL Project. AAIS is excited about the expansion of openIDL in the insurance space and the addition of Jefferson as Executive Director signals even more strength and momentum to the fast-developing project, said Ed Kelly, AAIS Executive Director.
The top U.S. consumer watchdog plans to scrutinize the use of cryptocurrencies for real-time payments and ramp up oversight of Big Tech companies as they expand into the traditional financial sector, its director told Reuters.
Trean Insurance Group, Inc. (TIG), a leading provider of products and services to the specialty insurance market, and Beat Capital Partners Americas, a long duration investor specializing in the insurance industry, are pleased to announce a partnership in the surplus lines insurance market.
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