Argo Group International Holdings, Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance, today announced the rebranding of subsidiary Ariscom to ArgoGlobal Assicurazioni S.p.A. following the recent acquisition by Argo Group in March 2018. As announced in April 2018, Giovanni Tucci serves as Managing Director of the business… Read More »
Tradeshift, the leader in supply chain payments and marketplaces, today announced that it is raising $250 million in a Series E funding round led by Goldman Sachs and Public Sector Pension Investment Board (PSP Investments). Additional participation comes from HSBC, H14, GP Bullhound, and Gray Swan, a new venture company… Read More »
Stocks can go up, down or sideways. Investors have seen Wall Street undergo a correction in February and since then the market has recovered somewhat without succeeding in reaching new highs. With some ups and downs, stock prices seem to be consolidating and have created a channel that is apparently… Read More »
May business surveys suggest some deceleration in economic activity, signaling aggregate GDP growth of 2% this quarter – still a solid reading. Looking at composite PMIs, we note that the relatively large declines in Germany (-1.5 points) and France (-2.4 points) contrast with the rest of the region, where a… Read More »
Political events moved quickly in Italy over last weekend. After weeks of coalition negotiations between the Lega party and the Five Star Movement (M5S), the biggest winners from the general election in March, President Sergio Mattarella vetoed their proposed finance minister, who was seen by many as a risky choice… Read More »
State Street Global Exchange released the results of the State Street Investor Confidence Index® (ICI) for May 2018. The Global Investor Confidence Index decreased to 103.5, down nearly 12 points from April’s revised reading of 115.3. Investors across all regions expressed a weakening in risk appetite, with the North American… Read More »
Stanislas is now Chief Responsible Investment Officer at Amundi. Previously he was Global Head for Sustainable Development at Crédit Agricole SA since September 2011 and a member of the Group’s Management Committee since 2017. Prior to this, Stanislas was Special Advisor to Michel Rocard, former Prime Minister and Ambassador of… Read More »
A surge of interest by Italian banks in GACS-eligible non-performing loan (NPL) securitisations prompted Scope to up its forecast by 50% to EUR 60bn in gross book value (GBV) sales. With direct sales, Italian NPL offloads could top EUR 100bn in 2018. The increase in forecast deal volumes stems partially… Read More »
The adjustment on the upside is not over on Italian rates. The 10 year bond’s rate is converging to 3%. The spread with the German 10-year rate is now circa 270 bp. This also reflects a safe heaven effect for German bonds. With a rate at 3% % while the… Read More »
EY, Guardtime, A.P. Møller-Maersk, Microsoft and insurance industry leaders Willis Towers Watson, XL Catlin, MS Amlin and ACORD announce members of the marine industry are using Insurwave, a blockchain platform to support marine hull insurance. In an increasingly complex and ever evolving risk landscape, global businesses will use the platform… Read More »
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