JAKARTA, Sept. 22 (Korea Bizwire) — JULO, a leading peer-to-peer lender offering personal loans across Indonesia, today announced a $10 million extension round to its Series A financing. The round was led by Quona Capital, a leading fintech venture firm whose funds are sponsored by Accion, with participation from existing investors Skystar, East Ventures, Provident, [...]
TORONTO, Sept. 19 (Korea Bizwire) — AGF Management Limited (TSX:AGF.B) today confirms a merger between Smith & Williamson and Tilney to create the U.K.’s leading integrated wealth management and professional services group with over £45 billion in assets under management and £500m of revenues. “AGF would like to congratulate Smith & Williamson and Tilney on [...]
NEW YORK, Sept. 18 (Korea Bizwire) — Nasdaq (Nasdaq: NDAQ) today announced it has been selected as a North American index component of the Dow Jones Sustainability Index (DJSI), one of the most prestigious corporate sustainability ranking efforts, for the fourth consecutive year. Nasdaq maintains its industry leadership as the only stock exchange operator selected [...]
NEW YORK, Sept. 16 (Korea Bizwire) — Nasdaq (Nasdaq: NDAQ) and Wilmington Trust today announced the first-ever tickers for Collective Investment Trusts (“CITs”) on Nasdaq Fund Network (NFN). NFN is a global dissemination service whose mission is to bring greater retail investment transparency to the world’s financial markets. NFN and Wilmington Trust, a leader in [...]
Boston, Sept. 15 (Korea Bizwire) — Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from Typhoon Faxai, which made landfall in Japan on September 9, will be between JPY 340 billion (USD 3 billion) and JPY 740 billion (USD 7 billion). AIR Worldwide is a Verisk (Nasdaq:VRSK) business. According to AIR, Typhoon [...]
BEIJING, Sept. 10 (Korea Bizwire) — Sky9 Capital, an early-stage venture capital firm that invests in Chinese technology start-ups, announced today that it has closed a new set of funds with $440 million in capital commitments, including Sky9 Capital Fund IV, L.P. and Sky9 Capital MVP Fund, L.P. The new funds build on top of [...]
BOSTON, Sept. 9, 2019 (Korea Bizwire) — Catastrophe modeling firm AIR Worldwide (AIR) today released its 2019 Global Modeled Catastrophe Losses report, detailing key loss metrics from AIR’s global industry exceedance probability (EP) curve. Based on the report, AIR estimates that the global modeled insured average annual loss from catastrophes worldwide is about USD 92 [...]
HONG KONG, CHINA, Sept. 9 (Korea Bizwire) – Research shows work forces trying to limit dividends are most successful in nations with broader collective bargaining and effective labour law enforcement. Existing research shows that corporate payout policies are greatly influenced by the legal protection of shareholders and creditors. Yet in the past, less attention has [...]
LONDON, Sept. 8 (Korea Bizwire) — Xceedance, a global provider of insurance consulting, managed services, technology, data sciences, and blockchain solutions, announces the availability of On-Demand Catastrophe Modelling Services, using the Oasis Loss Modelling Framework (Oasis LMF). The offering comprises several global and regional catastrophe modelling companies that implement models on the Oasis platform. It [...]
BOSTON, Sept. 6 (Korea Bizwire) — Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses resulting from Hurricane Dorian’s impact to the Caribbean will range from USD 1.5 billion to USD 3 billion. AIR Worldwide is a Verisk (Nasdaq:VRSK) business. According to AIR, Hurricane Dorian made landfall on St. Thomas on August 28 [...]