MS Amlin AG announces new chief underwriting officer

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Global reinsurer MS Amlin AG (MS AAG) has announced the appointment of Charles Goldie as chief underwriting officer. Goldie will step into the role early in the first quarter of 2021, subject to regulatory approval. He will report to MS AAG CEO Charles Beazley.

Goldie has more than 30 years of industry experience. Prior to joining MS AAG, he served as CEO of P&C for PartnerRe. During his 16-year tenure at PartnerRe, Goldie held several other positions, including deputy CEO of PartnerRe Global and CEO of PartnerRe Specialty Lines. He began his career in actuarial and consulting roles.

Chris Hayward,

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Robinhood hit with $65 million Securities and Exchange Commission fine

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Robinhood has been forced to pay $65 million to settle charges from US securities regulators that it failed to provide its customers with the best prices for trades on its platform.

Robinhood hit with $65 million fine from SEC

The Securities and Exchange Commission said that while Robinhood had promoted its services as “commission free”, its customers’ orders were processed at prices “inferior” to other brokers.

The commission also said the company failed to disclose payments it received from high-speed trading houses that process its orders, payments that may have influenced decisions over how Robinhood trades are executed.

The commission

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New Payments Platform Australia to merge for the future

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The group of three domestic Australian payment organisations are set to merge forming a new company to create a “stronger, unified entity that will aim to reduce costs, increase innovation and efficiency, and be better able to compete with the growing scale of overseas multinational payment platforms”.

Domestic Australian payments networks to merge

New Payments Platform Australia (NPPA), is the company charged with the oversight of all of the transactions moving through Australia’s updated payments system, and will merge with longstanding Eftpos and BPAY.

“In Australia, international card schemes and multinational technology providers are dominating the payments sector,” the companies

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5G rollout to lead to new cyber risks – report

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“5G’s importance has grown since the onset of the pandemic, with much of the world switching to remote working and requiring faster, more reliable data speeds and network management in order to continue operating efficiently,” Jonathan Franke, tech, media and cyber broker for New Dawn Risk, wrote in a release. “As we continue to transition to a progressively cloud-based society, when it comes to data transmission and storage, the majority of the developed world will swing towards 5G, which brings with it a brand new cyber threat landscape which is yet to be understood.”

Franke said that the rollout of

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