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Category: Fintech and Finance

PE-backed Ardonagh acquires Thames Underwriting

Insurance company Ardonagh Group, a portfolio company of US private equity houses HPS Investment Partners and Madison Dearborn Partners, has acquired Thames Underwriting.

Raising finance in the next year will be harder, say fintech entrepreneurs

Digital Finance Forum's annual survey of fintech founders finds they think the government should do more to support the sector

Notion leads €7m series-A for Claimsforce

Notion Capital has led a €7m series-A funding round for insurance technology company Claimsforce.

Ex-Goldman CFO on being gay in macho banking: ‘Math was my survival strategy’

After 20 years at Goldman, the bank’s former co-head Marty Chavez reflects on being gay in the sector’s macho world, embracing technology and how life is far from dull in retirement

Inflexion-backed Bollington Wilson acquires Watson Laurie

Inflexion Private Equity portfolio company Bollington Wilson has acquired insurance broker Watson Laurie.

Private equity-backed Vertafore bought by rival Roper in $5.35bn deal

Private equity-backed insurance software company Vertafore has been bought by industry rival Roper Technologies in a $5.35bn buyout. Bain Capital and Vista Equity Partners agreed to buy Vertafore four years ago from TPG Capital in a $2.7bn deal.

Which banks are cutting jobs this year?

Investment banks' promises to pause job cuts during the Covid-19 lockdowns did not last long, here is a look at where the losses are taking place

Commerce Ventures leads $35m Series B to expand Kin Insurance across US

Home insurance platform Kin Insurance has closed its Series B round on $35m, led by Commerce Ventures.

Bob Diamond: Only ‘leanest’ banks will survive pandemic

The executive, who ran Barclays during the global financial crisis, sees a future of stripped-down banks outsourcing non-core business lines — and is wary of them being turned into public utilities

Augmentum et al. invest in £35m series-C for Habito

Augentum Fintech has invested in a £35m series-C funding round for mortgage broker Habito.

ABN Amro to slim down CIB

ABN Amro plans to quit corporate banking outside of Europe, except for clearing, and also exit trade and commodity finance in a shake-out of its corporate and investment banking activities.

Hangzhou LGFV rides on bank demand for tight $300m debut

Hangzhou Qiantang New Area Construction and Investment Group Co, a Chinese local government financing vehicle (LGFV), found strong support from banks for its maiden dollar bond, allowing it to tighten price guidance by 70bp during

CS adds Wang to China team as COO

Credit Suisse has hired ex-UBS banker and former banking regulator Alan Wang as its chief operating officer for China.

GlobalCapital Asia awards 2020: Loans

GlobalCapital Asia has spent the last two months talking to banks and their clients to determine the most impressive capital markets transactions and advisers across Asia ex-Japan in 2020, a volatile and unpredictable year. We

GlobalCapital Asia awards 2020: Loans

GlobalCapital Asia has spent the last two months talking to banks and their clients to determine the most impressive capital markets transactions and advisers across Asia ex-Japan in 2020, a volatile and unpredictable year. We

AI-powered fintech firm Bairong plans Hong Kong listing

Chinese financial technology company Bairong is targeting Hong Kong for its IPO, having filed a draft prospectus with the city’s bourse.

AI-powered fintech firm Bairong plans Hong Kong listing

Chinese financial technology company Bairong is targeting Hong Kong for its IPO, having filed a draft prospectus with the city’s bourse.

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