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Vikco Launches Innovative Builder’s Risk Program in Partnership with TruStage and Lloyd’s
Vikco Builder’s Risk has launched a specialized Managing General Agent (MGA) for Builder’s Risk Insurance, aiming to provide tailored coverage for the construction industry. Supported by K2 Insurance Services and developed with TruStage and Lloyd’s, the program offers coverage up to $20 million and includes critical CAT coverage options such as Named Windstorm and California Earthquake. Targeting projects from under $1 million to over $100 million, the policies are issued on high-quality, non-admitted paper rated A- or better by AM Best. Leadership from Vikco and TruStage emphasizes a commitment to underwriting excellence and client-focused solutions.
Pomelo Unveils Innovative Rewards Program for Global Remittances: Unlock Benefits with Every Transfer!
Pomelo, a leading FinTech company, has launched Pomelo Points, an innovative rewards initiative for international remittance transactions. Users earn one point per dollar sent via debit card and two points with the Pomelo Mastercard®. Points can be redeemed for digital gift codes for services like ride-hailing and food delivery through partnerships with platforms like Grab. This program enhances the remittance experience, allowing customers to earn rewards while supporting their families abroad. Currently available for transfers to the Philippines, Pomelo plans to expand the program to more regions by 2025. CEO Eric Velasquez Frenkiel highlighted its unique features, including “send now, pay later” options.
SCOR Appoints Philipp Rüede as New CEO of Life & Health Division: A Strategic Leadership Move
SCOR has appointed Philipp Rüede as the new CEO of its Life & Health (L&H) division, effective June 1, 2025. He succeeds Frieder Knüpling and will focus on implementing SCOR’s updated strategy, targeting business growth, preserving in-force value, and enhancing cash flow. Rüede, a dual Swiss and German national with over 20 years of experience in banking and reinsurance, previously worked at Swiss Re and other financial institutions. SCOR aims to transform its L&H division under his leadership, with CEO Thierry Léger expressing confidence in Rüede’s skills and experience to drive this transformation.
Transform Your Business Intelligence with Innovative News Data Solutions
In today’s fast-paced environment, timely and accurate news data is crucial across various sectors, including compliance, media, finance, and business intelligence. It helps compliance officers adapt to regulatory changes, enabling organizations to avoid penalties. In media, real-time data allows professionals to respond swiftly to breaking news, maintaining viewer engagement. Financial professionals benefit from accurate news data for informed trading decisions. In business intelligence, it supports leaders in identifying trends and adjusting strategies. Selecting the right news data provider involves assessing coverage quality, accuracy, integration, and analytics. A case study highlights the successful partnership between Comintelli and Opoint, emphasizing the importance of high-quality news data.
FlexPoint Secures $12M Funding to Enhance Payment Solutions for Managed Service Providers
FlexPoint, a FinTech company focused on payments automation for managed service providers (MSPs) and their small to mid-sized business (SMB) clients, has raised $12 million in a Series A funding round led by Foundry Group, with support from other notable investors. Since its launch in March 2023, FlexPoint has raised $19.5 million in total funding. The new capital will accelerate product development, enhance its partner program, and expand within the $2 trillion global SMB technology market. With revenues up nearly fourfold and over 40,000 businesses using its platform, FlexPoint aims to streamline financial transactions for MSPs, who facilitate most SMB tech spending.
Worldpay Teams Up with Visa to Revolutionize UK Merchants’ Checkout Experience with Click to Pay
Worldpay has partnered with Visa to launch the Click to Pay option for UK merchants, aiming to streamline online shopping and reduce cart abandonment. This user-friendly feature allows merchants to integrate Click to Pay without complex setups, addressing the issue where nearly half of consumers abandon their carts due to lengthy checkouts. Benefits include improved conversion rates, enhanced security through tokenization, and increased authorization rates. With 83% of online shoppers preferring one-click checkout, this initiative aligns with consumer expectations. Both companies emphasize the importance of simplifying the checkout process to enhance the online shopping experience.