Admiral Insurance has begun selling travel insurance with specific provisions related to COVID-19, after a four-month hiatus in the business, as the United Kingdom eases quarantine requirements, making travel abroad less cumbersome.
Franklin Templeton’s Canadian arm said on Friday that it will shutter the Canadian dollar hedged version of Franklin Liberty Senior Loan ETF (the ticker symbol is FLSL), with the closure set to be completed in September.
Marqeta, a fintech that provides a platform for card issuers and whose backers include Visa and Goldman Sachs, is exploring an initial public offering, Reuters reported on Thursday.
HSBC Bank Canada has issued the country’s first green loan, the company said Thursday, converting an existing 71.5 million Canadian dollar (about $52.6 million) loan to Vancouver-based Concert Properties and building on HSBC’s sustainability goals.
A hailstorm that pummeled Calgary last month was the most expensive in Canada’s history, costing insurers 1.2 billion Canadian dollars ($884 million) in property damages, the Insurance Bureau of Canada said Wednesday.
Canada’s CI Financial Corp. said Wednesday that it increased its recently established U.S. presence by closing on deals to acquire interests in The Cabana Group and Congress Wealth Management, advancing its strategy of becoming a more global firm.
Wealth management company Northern Trust has taken on three new European insurance clients, it said Thursday, providing global custody services to help protect the companies’ assets.
Despite the global pandemic’s economic impact, Prudential Retirement said Thursday that it has flourished in the first half of 2020, closing some $1.7 billion in new longevity reinsurance transactions thanks to a resilient U.K. pension market.
The Bank of China’s Malaysian outpost has begun using a QR code payment option for customers around the world who use the bank’s app, reflecting the current high demand for digital services as well as the bank’s continued interest in the Southeast Asian country.
Interactive Brokers said on Tuesday that it has expanded its presence in Singapore with the opening of an office and the establishment of a local operating entity, moves that come as the company reports a rising clientele in Asia.
American Express, Discover, Mastercard and Visa said on Wednesday that they are each starting technical preparations to expand the Click to Pay online checkout system globally, offering consumers a “streamlined experience across any digital checkout environment or network” as the pandemic has accelerated the shift to digital payments.
To keep members informed of sustainable investing options, Sun Life’s Group Retirement services has debuted a proprietary Environment, Social and Governance evaluation framework, the insurer said Tuesday.
Montreal-based National Bank of Canada is expanding its collaborative position in Canadian fintech Nest Wealth with an additional strategic investment, speeding up efforts to introduce new digital features for independent brokers on its platform.
Afterpay, a fast-growing Australian fintech that allows consumers to buy goods and make interest-free payments for them later, said Tuesday that it plans to issue roughly AU$800 million (nearly $557 million) worth of new shares to fund continued expansion as it benefits from the movement toward online spending due to COVID-19.
UBS U.K. Pension and Life Assurance Scheme has covered £1.4 billion ($1.8 billion) of defined benefit pensioner liabilities through a longevity swap with Zurich Assurance.
Royal Bank of Canada pledged on Monday to invest 150 million Canadian dollars ($111 million) in black- and Indigenous-owned businesses, as well as raise diversity targets, in the latest move by a global financial firm to confront growing civil unrest over racial disparities and discrimination.
Cryptocurrency trading platform Kraken will become the first licensed crypto futures exchange in the U.K. after securing local regulatory approval, cementing its position as the continent’s largest marketplace for digital assets by trading volumes.
Canadian insurance companies La Capitale and SSQ Insurance have completed their merger, they said Friday, creating the nation’s largest mutual insurance company.
With confirmed cases of COVID-19 seeing a resurgence in many areas of the country, Citigroup is holding back on its original plan to return many of its employees to offices, the company confirmed Wednesday.
Scotiabank on Tuesday created a new finance group to help clients conduct business more sustainably and contribute to the bank’s own climate-related goals.