Munich Re launches muni market catastrophe bond. Reinsurance company Munich Re has launched a $150 million catastrophe bond, to transfer catastrophe risk from the California Earthquake Authority (CEA), on behalf of the State of California. The transaction, which is the first for the CEA, is also…
Citigroup’s retail fintech Citi Payroll exits Mexican market. Retail bank Citigroup has announced that it is exiting the Mexican payroll business, where it has been operating since 2011. The move will impact about 350 Citi employees in Mexico, who will be able to apply for other positions within…
AxiomSL joins Singapore Fintech Association as Platinum Member. Financial data management and reporting platform provider AxiomSL has joined the Singapore Fintech Association (SFA) as a Platinum Member. The company said the membership would further its commitment to supporting financial institutions in understanding their regulatory obligations and it will allow to…
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