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A fork in the InsurTech road? BaFin s measures disappoint, whilst EIOPA s proposals offer hope | Dentons

The German Federal Financial Supervisory Authority ( BaFin) recently published its stringent new requirements 1 for InsuranceTechs seeking authorization from the German regulator. 2 The news comes after a tumultuous year for InsuranceTechs in Germany and indeed worldwide, with investment plummeting in Q1 of 2020 3 before reaching a record high of US$7.1 billion by the end of the year. 4 Meanwhile, the European Insurance and Occupational Pensions Authority ( EIOPA) published a consultation paper on open insurance from a pan-European perspective. 5 This consultation gives hope there could be an innovation-friendly European InsuranceTech regulation in the near future. InsurTech is a term used to describe “young and tech-savvy companies”

Investegate |JTC PLC Announcements | JTC PLC: Proposed Placing of New Ordinary Shares

Proposed Placing of New Ordinary Shares JTC, the global provider of fund, corporate and private client services, announces its intention to conduct a non pre-emptive placing of new ordinary shares (the Placing Shares ) of 1p each in the capital of the Company (the Placing ) to raise gross proceeds of up to c. £65m, representing approximately 9.0 per cent. of the current issued share capital of the Company. The total number of Placing Shares will not exceed 10.0 per cent. of the current issued share capital of the Company and the issue and allotment of the Placing Shares will be within the existing authorities of the JTC Board of Directors.

APONTIS PHARMA AG sets price range for planned IPO between EUR 18 50 and EUR 24 50 per share

Search jobs 29-Apr-2021 APONTIS PHARMA AG sets price range for planned IPO between EUR 18.50 and EUR 24.50 per share DGAP-News: APONTIS PHARMA AG / Key word(s): IPO 29.04.2021 / 08:30 The issuer is solely responsible for the content of this announcement. NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE. APONTIS PHARMA AG sets price range for planned IPO between EUR 18.50 and EUR 24.50 per share

EU-based digital assets platform Finoa inks $22M Series A funding led by Balderton Capital – TechCrunch

EU-based digital assets platform Finoa inks $22M Series A funding led by Balderton Capital Institutions need to keep their crypto assets somewhere. And they aren’t going to keep it on some random or consumer-grade crypto operation. This requires more sophisticated technology. Furthermore, being in the EU is going to be a key barrier to entry for many U.S. or Asia-based operations. Thus it is that Berlin-based digital asset custody and financial services platform Finoa has closed a $22 million Series A funding round to do just that. The round was led by Balderton Capital, alongside existing investors Coparion, Venture Stars and Signature Ventures, as well as an undisclosed investor.

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