(IN BRIEF) Aviva has successfully finalized a £140 million bulk purchase annuity full scheme buy-in transaction with the Trustee of the Guilbert UK Retirement Benefits Plan, sponsored by Office Depot UK Pension Sponsor Limited. This transaction covers around 1,500 members … Read the full press release
Posted in Business, Financial, Industrial, Insurance, Investment, Management, News, United Kingdom
Tagged Aviva, Bulk Annuity Deal, Emma Thomas, Financial, investment, Jani Singh, Member Benefits, Michelle Doman, Mike Roberts, Niamh Hamlyn, pension, retirement
(IN BRIEF) Prudential plc has announced the appointment of Arjan Toor as its new CEO Health, effective from February 1, 2024. This appointment is a significant step in Prudential’s strategic transformation, focusing on its Health business as one of its … Read the full press release
Posted in Business, Economy, Financial, Healthcare, Industrial, Insurance, Investment, Management, News, United Kingdom
Tagged Andrew Wong, appointment, Arjan Toor, CEO Health, Customer Trust, leadership, Prudential, Solmaz Altin, transformation
(IN BRIEF) Prudential plc has revealed that Prudential Life Assurance (Thailand) Public Company Ltd (PLT) has entered into a decade-long bancassurance partnership with CIMB Thai Bank Public Company Limited (CIMB Thai), establishing PLT as the exclusive life insurance partner for … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Insurance, Investment, Management, News, United Kingdom
Tagged CIMB Thai Bank, Dennis Tan, partnership, Prudential, sustainability, THAILAND
(IN BRIEF) Allianz SE’s Supervisory Board plans to propose new appointments at the Annual General Meeting in May 2024. The proposals include Jörg Schneider succeeding Herbert Hainer and Stephanie Bruce replacing Christine Bosse as shareholder representatives on the board. Schneider, … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Insurance, Investment, Management, News
Tagged AGM 2024, Allianz SE, appointments, Christine Bosse, Herbert Hainer, Jörg Schneider, leadership, Michael Diekmann, Stephanie Bruce, Supervisory Board
(IN BRIEF) AXA has successfully placed Euro 1.5 billion of Restricted Tier 1 Notes with institutional investors, meeting Solvency II requirements. The initial fixed interest rate is 6.375% per annum until January 16, 2034, after which it resets every five … Read the full press release
Posted in Business, Economy, Financial, France, Industrial, Insurance, Investment, Management, News
Tagged AXA, Financial, institutional investors, investment, Restricted, Tier 1 Notes
(IN BRIEF) ING has provided an update on its share buyback program, stating that it repurchased 2,219,009 shares during the week of December 25, 2023, to December 29, 2023, at an average price of €13.60, totaling €30,167,766.04. This buyback program, … Read the full press release
Posted in Business, Financial, Insurance, Netherlands
Tagged ING, share buyback programme, shares, shares repurchased
(IN BRIEF) Aviva plc has announced its anticipation of an additional £80 million in proceeds from the sale of its stake in Singapore Life Holdings Pte Ltd (Singlife) to Sumitomo Life Insurance Company, as Sumitomo Life agreed to acquire TPG’s … Read the full press release
Posted in Business, Economy, Environment, Financial, Government, Industrial, Insurance, Investment, Management, News, United Kingdom
Tagged Aviva, deal, Financial, investment, partnership, Singapore, Singlife, Sumitomo, sustainability
(IN BRIEF) Indosuez Wealth Management has presented its investment outlook for 2024 during its Global Outlook presentation. As 2023 concludes with decreasing inflation and monetary policy normalization, the year 2024 is expected to offer promising prospects for investors. Key insights … Read the full press release
(IN BRIEF) Crédit Agricole Assurances has finalized a long-term partnership with Banco BPM to expand the distribution of its non-life, personal protection, and creditor insurance products through Banco BPM’s networks, including online and mobile banking channels. This move aligns with … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, France, Government, Industrial, Insurance, Investment, Italy, Management, News
Tagged Banco BPM, Credit Agricole, Crédit Agricole Assurances, Italy, Non-Life Bancassurer, partnership, Philippe Dumont, sustainability
(IN BRIEF) Zurich Insurance Group has announced the appointment of Claudia Cordioli as Group Chief Financial Officer (CFO), effective from March 1, 2024, pending regulatory approval. Cordioli will also become a member of the Executive Committee. She will succeed George … Read the full press release
Posted in Business, Financial, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged appointment, CFO, Claudia Cordioli, George Quinn, leadership, Mario Greco, Zurich Insurance Group
(IN BRIEF) Catherine Macaulay, the Impact Investment Lead at Schroders, has been honored with the Young Professional of the Year/Rising Star award at the Environmental Finance Impact Awards. The awards recognize the contributions of impact investors worldwide and showcase best … Read the full press release
(IN BRIEF) Generali has reaffirmed its sustainability leadership by achieving MSCI’s highest “AAA” ESG rating, reflecting its advanced climate risk management practices and commitment to responsible investments, human capital management, and cybersecurity. The company’s continued presence in the Dow Jones … Read the full press release
Posted in Awards, Business, Environment, Financial, Industrial, Insurance, Investment, Italy, Management, News
Tagged Awards, Dow Jones Indices, ESG rating, Generali, leadership, Marco Sesana, MSCI
(IN BRIEF) According to the Annual Retirement Study by Allianz Life Insurance Company of North America (Allianz Life), despite facing financial challenges such as market volatility, inflation, and recurring crises, most Americans are not seeking the assistance of financial professionals … Read the full press release
Posted in Business, Economy, Financial, Germany, Government, Industrial, Insurance, Investment, Management, News
Tagged Allianz, Allianz Life, Americans, Financial Professionals, Kelly LaVigne, partnership
(IN BRIEF) The SDG Loan Fund, managed by Allianz Global Investors and originated and managed by FMO Investment Management, has successfully mobilized over $1.1 billion in private capital to support the United Nations Sustainable Development Goals (SDGs) in emerging and … Read the full press release
Posted in Business, Economy, Environment, Financial, Germany, Industrial, Insurance, Investment, Management, News
Tagged Allianz, Carsten Quitter, Deborah Zurkow, Debra Schwartz, FMO Investment Management (FMO IM), Huib-Jan de Ruijter, John D. and Catherine T. MacArthur Foundation (MacArthur), Lars-Göran Orrevall, Nic Wessemius, partnership, SDG Loan Fund, sustainability, Sustainable Development Goals, United Nations
(IN BRIEF) AGPM, a mutual insurance company, has partnered with S3NS to implement a cloud-based operational data management solution. AGPM chose S3NS’s Local Controls offering, leveraging Thales and Google Cloud technologies, to support its digital transformation and enhance data security. … Read the full press release
(IN BRIEF) A survey conducted by the World Economic Forum, involving over 11,000 business leaders from 110 countries, has revealed that economic and societal threats, such as economic downturns, inflation, and declining social cohesion, are the most significant risks in … Read the full press release
Posted in Business, Economy, Environment, Financial, Industrial, Insurance, Investment, Management, News, Society, Switzerland, Technology
Tagged Carolina Klint, Economic Threats, economy, environmental risks, Financial, investment, Marsh McLennan, Peter Giger, Societal Threats, Technological Risks, World Economic Forum Survey, Zurich Insurance Group
(IN BRIEF) Aegon has announced its intention to propose Albert Benchimol as a non-executive member of the Board of Directors at its 2024 Annual General Meeting, with a proposed four-year term. Mr. Benchimol, boasting over 40 years of experience in … Read the full press release
Posted in Business, Financial, Industrial, Insurance, Investment, Management, Netherlands, News
Tagged Aegon, Albert Benchimol, appointment, leadership, Non-Executive Board Role, William Connelly
(IN BRIEF) Crédit Agricole Consumer Finance has announced the appointment of Franck Oniga as the Chief Executive Officer of Sofinco and a member of the Group Executive Committee, effective from January 8, 2024. Oniga will report to Stéphane Priami, CEO … Read the full press release
Posted in Banks, Business, Economy, Financial, France, Industrial, Insurance, Investment, Management, News
Tagged appointment, CEO of Sofinco, Consumer Finance, Credit Agricole, Franck Oniga, leadership, Stéphane Priami
(IN BRIEF) Nicolas Denis has been appointed as the Chief Executive Officer of Crédit Agricole Assurances, effective from January 1, 2024, following approval by the Crédit Agricole Assurances Board of Directors. In his new role, Denis will report directly to … Read the full press release
Posted in Banks, Business, Financial, France, Industrial, Insurance, Investment, Management, News
Tagged appointment, CEO, Crédit Agricole Assurances, leadership, Nicolas Denis, Olivier Gavalda, Philippe Dumont
(IN BRIEF) Swiss Re, a global reinsurance company, has announced strong financial results for the first nine months of 2023, posting a net income of USD 2.5 billion. In the third quarter alone, the company recorded a profit of USD … Read the full press release
Posted in Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged Christian Mumenthaler, earnings, Financial, investment, John Dacey, Swiss Re
(IN BRIEF) Allianz X, the digital investments division of global insurer Allianz Group, has announced a strategic investment in NEXT Insurance, a leading technology-focused small business insurer in the United States. Allstate is also participating in this investment round, bringing … Read the full press release
Posted in Business, Economy, Environment, Financial, Germany, Industrial, Insurance, Investment, Management, News, Small Business, Technology
Tagged Allianz Group, Allianz X, Guy Goldstein, INNOVATION, insurance, investment, Nazim Cetin, NEXT Insurance, partnership, small business, SMEs, sustainability
(IN BRIEF) Zurich Insurance Group has announced a significant strategic alliance with Kotak Mahindra Bank in India, with plans to acquire a 51% stake in Kotak Mahindra General Insurance Company for $488 million. This investment marks one of the largest … Read the full press release
(IN BRIEF) Aviva is warning the public to exercise caution during Bonfire Night celebrations after a significant increase in claims for fire-related damage in November. The insurer’s data shows a 300%i rise in claims compared to October of last year. … Read the full press release
Posted in Insurance, Security & Safety, Society, United Kingdom
Tagged Aviva, Bonfire Night, fire damage, Guy Fawkes Day, Guy Fawkes Night, Hazel Johnson, insurance, insurance claims
(IN BRIEF) AXA has released its tenth edition of the Future Risks Report, which analyzes evolving and rising risks based on perceptions of experts and the general population. The report identifies the concept of “polycrisis,” where geopolitical tensions, emerging technologies … Read the full press release
Posted in Business, Economy, Financial, France, Industrial, Insurance, Investment, Management, News
Tagged AXA, Crisis Mode, Financial, Future Risks Report 2023, investment, THOMAS BUBERL
(IN BRIEF) A report by AXA Health and the Centre of Economic and Business Research reveals that neglecting women’s health in the workplace costs the UK economy £20.2 billion annually. Despite 68% of women experiencing health issues in their careers, … Read the full press release
Posted in Business, Economy, Financial, Healthcare, Industrial, Insurance, Investment, Management, News, United Kingdom
Tagged AXA Health, Cebr, economy, health, UK, WOMEN, workplace
(IN BRIEF) Accenture has acquired ON Service GROUP, a prominent provider of business process services specialized in insurance operations in Germany. This strategic acquisition aims to enhance Accenture’s capabilities in insurance operations, allowing it to offer a wider range of … Read the full press release
Posted in Business, Financial, Germany, Government, Industrial, Insurance, Investment, Ireland, Management, Marketing, News, Technology
Tagged Accenture, acquisition, Christina Raab, Germany, Insurance Operations, ON Service GROUP, partnership, Stefan Giesecke, Tanja Mertin
(IN BRIEF) AXA has released its 9M22 activity indicators in accordance with the new accounting standards IFRS 17 and IFRS 9, which came into effect on January 1, 2023. These indicators include Gross Written Premiums & Other Revenues, New Business … Read the full press release
Posted in Business, Economy, Financial, France, Industrial, Insurance, Investment, Management, News
Tagged 9M22, Accounting Standards, AXA, Financial, investment
(IN BRIEF) The insurance industry is leveraging digitalization to monitor, mitigate, and price risks more efficiently, leading to tailored insurance solutions and increased protection. Swiss Re’s report highlights the potential for 3-8% improvements in loss ratios and 10-20% savings in … Read the full press release
Posted in Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Switzerland, Technology
Tagged digitalization, insurance, Jérôme Haegeli, Pravina Ladva, Swiss Re
(IN BRIEF) Crédit Agricole S.A. Group and UNI Global Union have signed a new four-year global agreement that reinforces the group’s commitments to human rights, labor rights, trade union rights, and the development of social dialogue and collective bargaining. This … Read the full press release
Posted in Banks, Business, Financial, France, Industrial, Insurance, International Trade, Investment, Management, News, Society
Tagged Alke Boessiger, Bénédicte Chrétien, collective bargaining, Credit Agricole, Employee Rights, human rights, labor rights, partnership, Social Dialogue, trade union rights, UNI Global Union, Workplace Standards
(IN BRIEF) Aviva and WWF have launched a pioneering research project aimed at harnessing the potential of UK saltmarsh habitats to combat climate change by capturing carbon emissions. A carbon flux tower will be installed in the Ribble Estuary, Lancashire, … Read the full press release
Posted in Energy, Gas & Oil, Environment, Insurance, Science, Technology, United Kingdom
Tagged Aviva, Blue Carbon, carbon flux tower, carbon storage, Claudine Blamey, Coastal Ecosystem, fighting climate change, Inland, Lancashire, Low marsh, marine ecosystem, mudflat, Ribble Estuary, RSPB, saltmarsh, saltmarsh research, Tidal, Tom Brook, UK saltmarsh habitats, UKCEH, Upper marsh, World Wide Fund for Nature, WWF
(IN BRIEF) Prudence Foundation, the community investment arm of Prudential plc, has introduced a new thematic series called SAFE STEPS Kids Climate Change in collaboration with the International Federation of Red Cross and Red Crescent Societies (IFRC) and Cartoon Network. … Read the full press release
Posted in Business, Education, Entertainment, Environment, Financial, Industrial, Insurance, Investment, Management, News, United Kingdom
Tagged Alexander Matheou, Cartoon Network, Climate Change Program, educate, IFRC, Malaysia, Marc Fancy, Nik Nazmi bin Nik Ahmad (Nik Nazmi), partnership, Prudence Foundation, SAFE STEPS Kids, sustainability, Vikram Sharma
(IN BRIEF) Leading global insurer AXA has unveiled its ‘We Care’ program, designed to bolster the well-being of its 110,000 employees in 51 countries. The initiative, a cornerstone of AXA’s strategic plan for 2024-2026, consists of four core pillars, including … Read the full press release
(IN BRIEF) Aviva and mixed-use developer Socius have been selected as the preferred bidders for the advancement of the London Cancer Hub (LCH), a world-leading district dedicated to cancer research and treatment in Sutton, London. The partnership will collaborate with … Read the full press release
Posted in Business, Environment, Financial, Government, Healthcare, Industrial, Infrastructure & Utilities, Insurance, Investment, Management, News, United Kingdom
Tagged Aviva, Barry Jessup, bidders, Charlotte Jones, Cllr Ruth Dombey OBE, Dame Cally Palmer, Epsom & St Helier University Hospitals NHS Trust, Gillian Norton, Institute for Cancer Research, London Borough of Sutton, London Cancer Hub Development, partnership, Professor Paul Workman, Royal Marsden NHS Foundation Trust, Socius, sustainability
(IN BRIEF) Generali, a leading insurance company, has announced the appointment of Giulio Terzariol as CEO Insurance, a newly established role responsible for overseeing all of the company’s Insurance Business Units. Terzariol, with over two decades of experience in management … Read the full press release
Posted in Business, Financial, Industrial, Insurance, Investment, Italy, Management, News
Tagged appointment, CEO Insurance, Generali, Giulio Terzariol, leadership, Philippe Donnet
(IN BRIEF) Allianz SE has made notable adjustments to its Board of Management, extending Oliver Bäte’s tenure as Chairman of the Board and CEO until 2028, renewing Andreas Wimmer’s role overseeing Life and Asset Management for five years, and appointing … Read the full press release
(IN BRIEF) Dutch King Willem-Alexander, alongside board members of Vattenfall, BASF, and Allianz, has officially inaugurated the Hollandse Kust Zuid 1-4 offshore wind farm in the North Sea. Located 18-36 kilometers off the Dutch coast, the wind farm features 139 … Read the full press release
Posted in Business, Chemicals, Construction, Energy, Gas & Oil, Environment, European Union, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Insurance, Investment, Management, Netherlands, News, Sweden
Tagged Allianz, BASF, Dr. Martin Brudermüller, Helene Biström, Hollandse Kust Zuid, offshore wind farm, Oliver Bäte, partnership, sustainability, Vattenfall, Willem-Alexander
(IN BRIEF) Fincantieri, the Italian shipbuilding company, has signed a significant EUR 800 million financing agreement with a 5-year tenor and a 3-year grace period. This facility, which aligns with the SupportItalia Guarantee under Legislative Decree No. 50 of May … Read the full press release
Posted in Banks, Business, Environment, Financial, Industrial, Insurance, Investment, Italy, Management, News, Transportation & Logistics
Tagged Financial, Fincantieri, investment, partnership, SACE, sustainability
(IN BRIEF) Danmarks Nationalbank, the central bank of Denmark, has become the second central bank outside the euro area to actively trade and centrally clear repo transactions at Eurex. Eurex’s cleared repo markets, which currently have over 160 registered participants, … Read the full press release
Posted in Banks, Business, Denmark, European Union, Financial, Germany, Industrial, Insurance, International Trade, Investment, Management, News
Tagged Danmarks Nationalbank, Denmark, Deutsche Börse, Eurex, Financial, investment, Martin Wagner Toftdahl, Matthias Graulich, partnership, Repo Markets, trading
(IN BRIEF) Zurich Resilience Solutions, a unit of Zurich Insurance Group, and KPMG Switzerland have formed a strategic collaboration to provide advisory services addressing both physical and transition risks associated with climate change. This offering, initially available in Switzerland, will … Read the full press release
(IN BRIEF) Zurich Insurance Group has announced the appointment of Dirk De Nil as the Global Head of Zurich Resilience Solutions, effective from October 1, 2023. De Nil, currently the CEO of Zurich Benelux and Nordics, will succeed Hanno Mijer, … Read the full press release
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