(IN BRIEF) MAPFRE RE has signed a three-year licensing deal with CyberCube to integrate its advanced cyber risk management tools, including a cyber accumulation solution, into its operations. This strategic partnership aims to enhance MAPFRE RE’s ability to assess and … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Insurance, Investment, Management, News, Spain, Technology
Tagged cyber accumulation solution, cyber insurance, cyber risk management, CyberCube, digital risk, global market, industry growth, INNOVATION, Juan Marcano, MAPFRE RE, Oscar Taboada, partnership, risk analysis, strategic partnership, technology investment, three-year licensing agreement
(IN BRIEF) Rothesay has committed £150m to a new unsecured debt facility for social housing retrofitting, launched by the National Wealth Fund (NWF) and The Housing Finance Corporation (THFC). The facility, with an initial £150m guarantee from the NWF, enables … Read the full press release
Posted in Business, Financial, Industrial, Infrastructure & Utilities, Insurance, Investment, Management, News, Real Estate, United Kingdom
Tagged bond market investors, capital, Chancellor of the Exchequer, decarbonization, demand, emissions, energy consumption, energy efficiency, financial guarantee, housing stock, institutional capital, John Flint, long-term loans, National Wealth Fund, net zero, NWF, NWF Chief Executive Officer, Priya Nair, Rachel Reeves, registered providers, Rothesay, Rothesay Chief Executive, RPs, secured lending, social housing retrofit, Sustainable Communities, The Housing Finance Corporation, THFC, THFC Chief Executive, Tom Pearce, unsecured debt facility, £250m
(IN BRIEF) Barclays UK has appointed Jatin Patel to lead its mortgages, savings, and insurance division. Jatin brings over 20 years of experience in retail financial services, having held leadership positions at organizations like TSB Bank and Lloyds. He succeeds … Read the full press release
Posted in Banks, Business, Financial, Insurance, Management, United Kingdom
Tagged Allison Buckley, Barclays UK, financial services, insurance, Jatin Patel, leadership, Mark Arnold, mortgages, savings, Vim Maru
(IN BRIEF) Prudential has announced a three-year premier sponsorship with the Million Dollar Round Table (MDRT) to support the professional growth of its agents. This collaboration will provide access to exclusive resources, bespoke development opportunities, and the launch of the … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Insurance, Investment, Management, News, Technology, United Kingdom
Tagged #ProudToBePru, agency growth, Agency Recognition, Carol Kheng, MDRT, Million Dollar Round Table, Pankaj Banerjee, partnership, professional development, Prudential, PRUMDRT
(IN BRIEF) A study commissioned by Vienna Insurance Group (VIG) reveals significant gaps in risk awareness among young people aged 18-29, who are more prone to taking risks without fully understanding their potential consequences. The study, conducted across nine countries, … Read the full press release
Posted in Austria, Banks, Business, Economy, Education, Environment, Financial, Industrial, Insurance, Investment, Management, News, Technology
Tagged 18-29 age group, accidents, Cybercrime, Dr. Hartwig Löger, Education, educational initiatives, Financial Knowledge, financial literacy, Financial Planning, Gallup International, health insurance, Health Risks, Omniasig, pensions, property damage, risk awareness, risk literacy, risk perception, self-inflicted accidents, state support, sustainability, Vienna Insurance Group, VIG, Wiener Städtische, young people
(IN BRIEF) MAPFRE RE has restructured its organization to focus on enhancing its Life business and strengthening its market presence. The restructuring includes key leadership changes, such as the appointment of Javier San Basilio as general manager, Carmen Bueso overseeing … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Spain
Tagged APAC, appointment, brokers, Carmen Bueso, CEO, commercial focus, Communication, EMEA, Fernando Utrilla, GROWTH, Iberia/Latam, INNOVATION, Javier San Basilio, Juan Satrústegui, large clients, leadership, Life business, Maite González, MAPFRE Group, MAPFRE RE, market agility, Miguel Rosa, Non-Life Underwriting, North America, organizational restructuring, regional divisions, regional supervisors, Ricardo Pérez, STRATEGY, sustainability, technical focus
(IN BRIEF) CNP Assurances has been upgraded to an MSCI ESG AAA rating, securing a 9.7/10 score and ranking 5th globally in the “Life and Health Insurance” category. The company’s commitment to sustainability is central to its operations, with a … Read the full press release
Posted in Awards, Banks, Business, Economy, Environment, Financial, France, Industrial, Insurance, Investment, Management, News, Technology
Tagged AAA rating, Awards, biodiversity, Climate, CNP Assurances, Cybersecurity, ESG ratings, financial and non-financial performance, human resources management, inclusive society, leadership, life and health insurance, MSCI, MSCI ESG, responsible investment, risks and opportunities, social issues, sustainability, sustainable development, Thomas Béhar
(IN BRIEF) Naked, South Africa’s fully digital insurance platform, has secured a USD 4 million equity investment from DEG to further its growth by enhancing automation, expanding its product offerings, and attracting more customers through targeted advertising. This is part … Read the full press release
Posted in Artificial Intelligence (AI), Banks, Business, Economy, Financial, Germany, Government, Industrial, Insurance, Investment, Management, News, Technology
Tagged advertising, AI, Alex Thomson, automation, BlueOrchard, claims processing, DEG, digital insurance platform, digitalization, economic growth, equity capital, financial inclusion, Financial Transformation, Hollard, IFC, insurance model, InsureTech, insurtech, market expansion, Monika Beck, Naked, partnership, product expansion, South Africa, sustainability, technology platform, Yellowwoods
(IN BRIEF) MAPFRE has appointed Alberto Matellán as the general manager of La Financière Responsable (LFR), a move that aligns with its strategy to enhance its asset management footprint. The appointment will help implement LFR’s new Strategic Plan, which focuses … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Spain, Technology
Tagged Alberto Matellán, appointment, asset management, ESG, financial markets, global investment strategy, IESE, impact investing, investment strategy, Juan Bernal, La Financière Responsable, leadership, MAPFRE, MAPFRE AM Capital Responsible Fund, MAPFRE Inversión, Paris, Social Innovation Economics, Socially Responsible Investment, SRI, Strategic Plan 2025-2027, sustainable funds, Thierry Chesneau
(IN BRIEF) Allianz has withdrawn its offer to acquire a majority stake in Income Insurance Limited following regulatory concerns raised by the Singapore Government and amendments to the Insurance Act. The offer, announced in July 2024, was intended to secure … Read the full press release
Posted in Banks, Business, Economy, Financial, Germany, Government, Industrial, Insurance, Investment, Management, News
Tagged Allianz, Asia-Pacific Growth, Income Insurance Acquisition Plan, partnership, Renate Wagner, Singapore
(IN BRIEF) Global insured losses from natural catastrophes in 2024 are projected to exceed USD 135 billion, marking the fifth consecutive year such losses have surpassed USD 100 billion, according to Swiss Re Institute. Hurricanes Helene and Milton caused nearly … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged Balz Grollimund, Financial, investment, Jerome Jean Haegeli, natural catastrophes, sustainability, Swiss Re
(IN BRIEF) Zurich Insurance Group, a strategic partner of the World Economic Forum, has contributed to the Executive Opinion Survey, which highlights top risks for G20 business leaders. Economic challenges such as downturns, labor shortages, and inflation remain dominant concerns, … Read the full press release
Posted in Artificial Intelligence (AI), Business, Economy, Environment, Financial, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged AI Risks, Carolina Klint, Climate, G20 Business Survey, Marsh McLennan, partnership, Peter Giger, World Economic Forum (WEF), Zurich Insurance Group
(IN BRIEF) Sampo plc has donated €50,000 to the Finnish Red Cross Disaster Relief Fund to support global humanitarian aid for those affected by natural disasters and conflicts. The fund provides essentials like food, water, shelter, and field hospitals, while … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Finland, Government, Industrial, Insurance, Investment, Management, News
Tagged donation, Finnish Red Cross Disaster Relief Fund, health, Johanna Tynkkynen, partnership, Red Cross, safety, Sampo, Sirpa Solehmainen, sustainability, well-being
(IN BRIEF) Achmea and Lifetri are merging their pension and life insurance portfolios to form Achmea Pension & Life Insurance N.V., creating one of the Netherlands’ top three providers in the sector, serving over 2.1 million customers. Sixth Street, Lifetri’s … Read the full press release
Posted in Business, Economy, Financial, Government, Industrial, Insurance, Investment, Management, Netherlands, News
Tagged Achmea, acquisition, Bianca Tetteroo, life insurance, Lifetri, Michael Muscolino, partnership, pension, Rutger Zomer
(IN BRIEF) Aviva has completed a £1.7 billion pensioner buy-in with the National Grid Electricity Group, part of the Electricity Supply Pension Scheme, ensuring benefits for 5,800 pensioner members. Finalized in October 2024, the transaction included transitioning an existing longevity … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Insurance, Investment, Management, News, United Kingdom
Tagged Aviva, investment, National Grid Electricity, partnership, Pensioner Buy-In, Sean Rooney, Stephen Yandle, sustainability, Tom Scott, Zurich UK
(IN BRIEF) The European Investment Fund (EIF) has committed €35 million to Move Energy’s venture capital “Fund I,” which supports early-stage European ventures focused on decarbonizing power, transport, and buildings—sectors responsible for 55% of global CO₂ emissions. Backed by the … Read the full press release
Posted in Banks, Berlin, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Insurance, Investment, Luxembourg, Management, Netherlands, News, Technology
Tagged decarbonization, EIF, EU, Lex Roukens, Marjut Falkstedt, Move Energy, Netherland, partnership, sustainability
(IN BRIEF) Aviva has launched a Shariah-compliant lifestyle investment strategy for workplace pension members, offering automated de-risking and a target drawdown glidepath to enhance retirement planning options. Developed in partnership with HSBC Asset Management, the strategy includes three funds—Global Equity … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, United Kingdom
Tagged Aviva, HSBC Asset Management, Lifestyle Investment, Olga de Tapia, partnership, Pension Options, Shariah, Umar Yaqoob
(IN BRIEF) Jean-Jacques Henchoz, a member of Talanx AG’s Board of Management and head of the Reinsurance division, will step down on 31 March 2025 after choosing not to extend his contract. Clemens Jungsthöfel, the current Chief Financial Officer and … Read the full press release
Posted in Banks, Business, Economy, Financial, Germany, Industrial, Insurance, Investment, Management, News
Tagged appointment, Clemens Jungsthöfel, Head of Reinsurance, Herbert K. Haas, Jean-Jacques Henchoz, leadership, Talanx AG, Torsten Leue
(IN BRIEF) Schroders Capital’s Insurance-Linked Securities team received the Best Decentralised Finance (DeFi) Initiative award at the 2024 Digital Assets Awards for its innovative tokenisation pilot. In partnership with Hannover Re, the pilot demonstrated how reinsurance contracts can be tokenised … Read the full press release
(IN BRIEF) Swiss Re is selling its iptiQ European P&C business to Allianz Direct, including its Luxembourg-based risk carrier, over 100 employees, and existing distribution agreements in several European markets. This move aligns with Swiss Re’s strategy to exit iptiQ, … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Insurance, Investment, Luxembourg, Management, News, Switzerland
Tagged acquisition, Allianz Direct, iptiQ European P&C Business, Jef Van In, Luxembourg, partnership, Philipp Kroetz, Swiss Re
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