Accord Mortgages has launched a series of product transfer mortgages that include up to £250 cashback. They are available on specific products at up to 85% LTV, and include the lender’s 65% LTV two-year fix at 2.85% coming with £100 cashback and the 75% LTV two-year fix at 3.01% and the 85% LTV five-year fix … Read more
Chubb Ltd. reported first-quarter net income of $1.97 billion, down 14.2% from $2.30 billion in the year-earlier period. Property/casualty net premiums written increased 7.1% to $8.613 billion in the first quarter, as commercial property/casualty premiums rose 7.9% to $6.157 billion, Chubb said in its earnings statement released Tuesday after the close of markets. Total net … Read more
Elon Musk has several hurdles to clear before his $44 billion bid for Twitter (TWTR) makes it past the finish line. And the costs to acquire the social media company could escalate as shareholders weigh in. On Monday, Twitter’s board unanimously approved the Tesla (TSLA) CEO’s offer to buy the social media company for $54.20 … Read more
US aviation watchdog Federal Aviation Administration (FAA) has completed the audit of India’s aviation regulator DGCA. Sources said that the FAA team was satisfied with the work and changes in regulations by India and is likely to maintain a Category 1 status rating under its International Aviation Safety Assessment (IASA) … Read more
Although the non-QM market grew substantially last year, with the Atlanta-based firm originating more than $3.9 billion, delayed financing is another marketing tool within the non-QM space that could help brokers, he stressed. The product essentially allows a borrower to make a cash offer for a property by applying for the loan after closing. “Let’s … Read more
Global commercial insurance prices increased 11% in the first quarter, Marsh LLC said in its latest Global Insurance Market Index, released Wednesday. This marked the 18th consecutive quarter of increases but was the fifth consecutive quarter in which global pricing moderated since its peak of 22% in the fourth quarter of 2020, Marsh said. Slower … Read more
Luxembourg financial ecosystem, with 125 banks, more than 5000 management companies and more than 3500 funds in its jurisdiction, is the 2nd biggest centre in the world for investment funds after the US. Post Brexit, Luxembourg has also emerged as an important hub for financial companies, which were previously operating in the UK. During a … Read more
Delhi reported 1,367 fresh COVID-19 cases and one fatality, while the positivity rate stood at 4.50 per cent, according to data shared by the health department here on Wednesday. It was the sixth consecutive day that the capital recorded over 1,000 new cases in a day. … Read more
The Tipton and Coseley Building Society has appointed Debbie Holmes as business development manager. In her new role, Holmes will be responsible for supporting brokers within the West Midlands. She has worked closely with brokers over the last 10 years with previous experience at the Coventry Building Society and in her most recent role as … Read more
Los Angeles Dodgers pitcher Trevor Bauer sued the woman who accused him of sexual assault in federal court, in a move that came less than three months after prosecutors decided not to file criminal charges against the athlete. The San Diego woman, whom the pitcher had met through social media, had alleged that Bauer beat … Read more