Next Insurance could double its valuation to about $2.25 billion in its next financing round, when it will seek to raise around $250 million from investors, according to Bloomberg.
U.S.-based fintech Figure has launched the first end-to-end digital fund services using blockchain technology, adding to its existing portfolio of lending and banking offerings.
Mobile-banking startup Chime closed a round of fundraising that sent its valuation surging to $14.5 billion, making it the most valuable consumer-facing fintech startup in the U.S., CNBC reported Friday.
Beazley’s U.S. subsidiary has revamped its executive risk insurance management team, the latest personnel moves in the company’s push to continue business growth and regain profitability amid a difficult year.
Euronext and CDP Equity revealed Friday that they are now in exclusive talks with the London Stock Exchange Group to acquire Borsa Italiana, Italy’s only major stock exchange, which was sought after by two other bidders.
Sustainable equity funds and U.S. taxable bonds performed better than conventional holdings in the first half of the year, Morgan Stanley found, making the growing investment category appear even more attractive.
Citigroup, the third-largest U.S. bank by assets, said Friday that its new environmental, social and governance investment fund has put money into four startups focusing on sustainability initiatives.
Schroders said Friday that it is acquiring Sandaire, a family-office services company, in an effort to grow its wealth management unit Cazenove Capital.
Blockchain Capital, a venture capital firm focusing on crypto technologies, has joined forces with the Facebook-backed Libra Association as the group continues working to develop and manage a new digital currency.
Citigroup said on Friday that its Asia Pacific arm will be offering 6,000 jobs to young people in the region over the next three years, as youth unemployment figures rise amid the COVID-19 pandemic.
The European Commission is working on updating its path toward creating unified capital markets, with a plan that may include easing listing rules for small companies and developing a common record of share prices, according to Reuters.
Zurich Insurance Group is launching new products aimed at helping businesses to prepare for and manage a range of growing risks related to climate change, as environmental risks become an increasingly prominent concern for companies.
Third Point Re has teamed with Arcadian Risk Capital, a specialized insurance broker, to launch and help steer the startup as it seeks to capitalize on tailwinds in the casualty sector.
Mackenzie Financial and insurance holding firm Great-West Lifeco have acquired a strategic interest in Northleaf Capital Partners, advancing an expansion for Mackenzie into private equity investment.
Asset manager Natixis launched a slate of semi-transparent exchange-traded funds, joining rival firms flocking to the new investment vehicles as they compete for capital in the growing ETF market.
Skandinaviska Enskilda Banken said Thursday that it will provide a needed infusion of venture capital for sustainability-focused entrepreneurs, starting with SEK 300 million ($34.2 million) for investments and aspiring to reach SEK 1 billion ($113.9 million) over time.
A special-purpose acquisition company backed by private equity firm Apollo Global Management disclosed in a filing Wednesday that it is seeking to raise $750 million through its initial public offering, a move amid a significant jump this year in activity for such investment vehicles.
The Singapore Exchange on Thursday unveiled the listing of the world’s biggest exchange-traded fund to invest solely in Chinese government bonds, aiming to capitalize on investors’ accelerating demand to access opportunities in the second-largest bond market on the globe.
SWIFT, a global financial messaging service, will revamp its technology in a bid to provide instant communication and transaction management for up to 4 billion accounts across the world’s banks and other financial institutions.
U.S. private equity firm Blackstone is making a foray into the Lloyd’s of London market as one of two investors committing $500 million to all-digital syndicate Ki, specialty insurer Brit, the startup’s inaugural backer, said Thursday.