Sovos Continues European Expansion with Acquisition of FiscalReps, Adding Leading Solution for Insurance Premium Tax Compliance
05 Oct 2017
Global tax compliance and reporting software leader Sovos announced today that it has acquired U.K.-based FiscalReps, Europe’s leading solution for Insurance Premium Tax (IPT) compliance, adding a critical indirect tax solution to its Intelligent Compliance Cloud and expanding its team to support increased demand for tax and reporting automation in the region.
UK Brokers Give Brexit Confidence Boost to London Insurance Market
05 Oct 2017
The latest business confidence survey conducted on behalf of DAS UK Group, the UK’s leading legal expenses insurer, has found that 80% of UK insurance brokers expect London to retain its place as a leading global insurance market, despite the country’s decision to leave the European Union.
Ventiv Technology acquires Webrisk from Effisoft
04 Oct 2017
Ventiv Technology, the world’s leading independent provider of risk technology solutions, announces that it has purchased Webrisk, the risk management information system (RMIS) from Effisoft SAS, the risk and re/insurance solutions firm.
YFM Equity Partners invests £1.5m into e2E
02 Oct 2017
YFM Equity Partners (“YFM”), the specialist private equity fund manager, has backed a £1.5 million investment into e2E Engineering Limited (e2E), a leading technical consultancy operating in the telecommunications market, with particular expertise in satellite communications. YFM’s funding comes from its two advised VCTs, British Smaller Companies and British Smaller Companies 2.
Sourcing data biggest issue for MiFID II and PRIIPs, industry insiders say
25 Sep 2017
Sourcing the vast amount of data needed to meet the new regulatory requirements of MiFID II and PRIIPs is the biggest challenge facing both asset managers and insurers, according to a survey undertaken by Silverfinch, the leading regulatory data exchange, at its recent London conference.
4net Technologies takes investment from YFM
22 Sep 2017
YFM Equity Partners (YFM), the specialist private equity fund manager, has invested in the £9million transaction into 4net Technologies Ltd (4net) to support the continued growth of the business through new product and market development.
‘Fourth Industrial Revolution’ bolsters growth in developed and developing economies: Axco report
22 Sep 2017
Axco Insurance Information Services (Axco) has published a comprehensive report on the impact of the ‘fourth industrial revolution’ within the insurance sector, including the effects of AI, robotics and big data. The report examines how traditional risk assessment has been eclipsed by machine learning and real-time geo-intelligence.
Dividends and support for UK firms valued by VCT investors, finds YFM
18 Sep 2017
YFM has established that shareholders consider the ability to support growing UK businesses and the dividend yield resulting from that growth as significant factors, alongside tax relief, when investing in VCTs.
Asset managers risk missing MiFID II and PRIIPs deadline
11 Sep 2017
Asset managers may miss the deadlines of their insurance and wealth management partners for MiFID II and PRIIPs data delivery as they’re too focused on the end of year regulatory starting point and ignoring full preparation time, according to panellists and contributors at Silverfinch’s recent conference.
Reality Check: Amazon’s 1-Click for all online retailers?
11 Sep 2017
On 11th September 2017, 20 years after its launch, the patent for the 1-Click service from Amazon expires. The 1-Click process was revolutionary at the time of launch as it allowed online purchasing with a single mouse click. Patent number 5.960.411 has always been controversial and has been a model for trivial software patents.