(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
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