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News
Protection Funds, Insurance and FDIC/SIPC: What Actually Covers What | HackerNoon
1+ day, 6+ hour ago (1602+ words) Crypto held directly on a major exchange is generally not covered by FDIC or SIPC protection. Those programs are designed for different kinds of financial failures. What many crypto exchanges offer instead is a protection fund: a corporate reserve intended…...
UK Accelerated Settlement Taskforce’s Andrew Douglas: The cost of failed settlement in a T+1 world
3+ day, 22+ hour ago (106+ words) UK Accelerated Settlement Taskforce's Andrew Douglas: The cost of failed settlement in a T+1 world Investment Week You are currently accessing Investment Week via your Enterprise account. Phone: +44 (0) 1858 438800 UK Accelerated Settlement Taskforce's Andrew Douglas: The cost of failed settlement in…...
Moody’s assigns Freedom Finance Insurance its first Ba1 rating
5+ day, 21+ hour ago (502+ words) Freedom Finance Insurance received its first Moody’s rating. The Ba1 assessment, with a stable outlook, gives customers and partners an additional measure of the insurer’s financial strength after its equity increased by roughly KZT18 billion in six months, DKNews.kz reports. According…...
Moody’s Assigns First-Time Insurance Financial Strength Ratings to Freedom Insurance and Freedom Life
1+ week, 1+ day ago (177+ words) The Baa3 rating makes Freedom Life the first company within Freedom Holding Corp. to receive an investment-grade rating from Moody’s. The agency began expanding its coverage of Freedom earlier this year, assigning a Ba3 rating to Freedom Bank Kazakhstan in March. Moody’s…...
Stanbic IBTC eyes next phase of insurance growth after recapitalisation
1+ week, 3+ day ago (609+ words) Stanbic IBTC Insurance has said its successful verification under the new N10 billion minimum capital requirement marks the beginning of a new phase of growth, as the company seeks to leverage its stronger financial position in an insurance industry undergoing major…...
Fidelity appoints Tamzin Manning
1+ week, 5+ day ago (132+ words) Home > Funds Management > Fidelity appoints Tamzin Manning Manning joins Fidelity from T. Rowe Price, where she was vice president and senior portfolio specialist, leading commercial strategy and communications across a range of global and US equity strategies. Prior to T. Rowe Price…...
Brokers face new questions over rarely tested exclusion clause
1+ week, 5+ day ago (636+ words) Most commercial property clients have never had cause to ask whether their terrorism exclusion would survive a declared incident. Australia's Terrorism Reinsurance Pool has now been formally activated three times since 2003 - after the 2014 Lindt Café siege, and twice more inside…...
Sri Lanka insurance premiums jump 25% to $350m in Q1 2026
2+ week, 3+ day ago (280+ words) Industry earnings before tax edged up just 3.14% to $30.4m. Sri Lanka's insurance industry recorded gross written premium of $350.0m (LKR114,863m) in the first quarter of 2026 (Q1 2026), up 24.54% year-on-year (YoY), according to the Insurance Regulatory Commission of Sri Lanka. The long-term (life) insurance sector accounted…...
Investigation into Dodgers owner Mark Walter is a reminder that 'zombie insurers' walk among us — critics warn 'they will blow up' - AOL
2+ week, 3+ day ago (663+ words) Last year was a busy one for Mark Walter. Not only did he buy a majority ownership in the Los Angeles Lakers, he also became the subject of a federal investigation into whether his companies, including several insurance firms, properly…...
FSC proposes crisis plans for insurers, securities dealers
2+ week, 3+ day ago (825+ words) INSURANCE companies and securities dealers would have to prepare for financial crises before they happen, test their response plans annually and alert the Financial Services Commission (FSC) within three business days when specified signs of distress emerge. Under a proposed…...