(IN BRIEF) CNP Assurances has initiated exclusive negotiations with Hellenic Bank for the sale of its insurance operations in Cyprus and Greece. These operations, conducted through CNP Cyprus Insurance Holdings (CIH), represent a small fraction of CNP Assurances Group’s total … Read the full press release
Posted in Banks, Business, Cyprus, Economy, Financial, France, Government, Greece, Industrial, Insurance, Investment, Management, News
Tagged acquisition, CNP Assurances, Cyprus, Greece, Hellenic Bank, insurance, partnership
(IN BRIEF) Prudential plc, a prominent insurance company in Asia and Africa, has announced a significant investment of US$2.5 million through its community investment arm, Prudence Foundation, to tackle the effects of climate change on health and enhance climate resilience, … Read the full press release
Posted in Banks, Business, Environment, Financial, Healthcare, Industrial, Insurance, Investment, Management, News, Non Profit, United Kingdom
Tagged Climate & Health Resilience Fund, climate change impacts, Diana Guzman, Financial, investment, Kathy Baughman McLeod, Prudence Foundation, Prudential, sustainability
(IN BRIEF) Munich Re announces strategic changes to its leadership structure in Asia Pacific, Middle East & Africa (APAC MEA), aimed at bolstering its in-market Underwriting capabilities and refining its regional divisions. The revised setup will prioritize stronger local Underwriting … Read the full press release
Posted in Banks, Business, Economy, Financial, Germany, Government, Industrial, Insurance, Investment, Management, News
Tagged Achim Kassow, Africa, Ajeet Phatak, appointment, Asia Pacific, Belhassen Tonat, Brian Jinzenji, CHINA, Florian Gruson, Haruka Narahashi, Hitesh Kotak, INDIA, Japan, Joachim Zagrosek, KOREA, leadership, MENA, Michael Hauer, Munich Re, Roland Eckl, Serene Chan, South-East Asia, Surbhi Goel
(IN BRIEF) Allianz Group has finalized the sale of its 51% stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC), marking a strategic move in its business operations in the Middle East. The transaction, which received regulatory … Read the full press release
(IN BRIEF) Aviva has introduced Aviva Clarity, a streamlined Bulk Purchase Annuity (BPA) service aimed at facilitating market access for smaller pension schemes with assets typically under £100 million. This service underscores Aviva’s commitment to aiding schemes in their de-risking … Read the full press release
Posted in Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, United Kingdom
Tagged Aviva, Aviva Clarity, Chris Rice, James Double, Jamie Cole, Small Scheme De-Risking
(IN BRIEF) Aegon has announced a plan to repurchase common shares worth EUR 35 million to fulfill obligations related to share-based compensation plans for senior management. The repurchased shares will be held as treasury shares until allocated to plan participants. … Read the full press release
Posted in Business, Financial, Insurance, Investment, Management, Netherlands
Tagged Aegon, repurchased shares, share buyback, Share Buyback Program, shares, treasury shares
(IN BRIEF) Rock Rail, the UK Infrastructure Bank, and Aviva Capital Partners have collaborated to establish a funding platform for zero emission bus financier, ‘Rock Road,’ committing an initial £100 million to fund up to 250 zero emission buses and … Read the full press release
Posted in Banks, Business, Environment, Financial, Industrial, Insurance, Investment, Management, News, Technology, Transportation & Logistics, United Kingdom
Tagged Anthony Browne MP, Aviva, Charlotte Jones, John Flint, Mark Swindell, partnership, Rock Rail, Rock Road, sustainability, UK, UK Infrastructure Bank, Zero-Emission Buses
(IN BRIEF) Allianz Global Corporate & Specialty SE (AGCS) has announced an agreement to divest its U.S. MidCorp and Entertainment insurance businesses to Arch Insurance North America for $450 million in cash. The deal includes the transfer of approximately $2 … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Insurance, Investment, Management, News
Tagged acquisition, Allianz AGCS, Arch, Tracy Ryan, U.S. MidCorp and Entertainment Insurance
(IN BRIEF) Aviva collaborates with fitness icon Joe Wicks and Strava to launch the #MoveWithAviva challenge, aiming to inspire individuals across the nation to prioritize their health and wellness. In response to findings revealing common barriers to exercise, such as … Read the full press release
Posted in Business, Financial, Healthcare, Industrial, Insurance, Investment, Management, News, United Kingdom
Tagged Aviva, Dr Suba M, exercise, health, Joe Wicks, partnership, Strava App, wellbeing, wellness
(IN BRIEF) Hannover Re announces the establishment of a new specialty reinsurance business unit, effective April 1, 2024, aimed at consolidating its global operations in cyber and digital domains to bolster underwriting proficiency. Led by Stefan Sperlich, the unit will … Read the full press release
Posted in Artificial Intelligence (AI), Business, Economy, Financial, Germany, Industrial, Insurance, Investment, Management, News, Technology
Tagged cyber, Digital Business Unit, Financial, Hannover Re, investment, reinsurance, Silke Sehm, Stefan Sperlich
(IN BRIEF) Get Living, the UK’s leading build-to-rent operator, has finalized a £110 million investment facility with Rothesay to refinance its New Maker Yards neighborhood in Salford, Greater Manchester. With over 821 homes and 1,600 residents, New Maker Yards boasts … Read the full press release
(IN BRIEF) MAPFRE, a prominent insurance company, delves into the potential societal impacts of Generative Artificial Intelligence (Generative AI) by outlining four plausible scenarios for 2029. These scenarios range from a transformational society with ubiquitous Generative AI adoption to a … Read the full press release
Posted in Artificial Intelligence (AI), Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Society, Spain, Technology
Tagged Financial, generative AI, investment, José Antonio Arias, MAPFRE, society
(IN BRIEF) Aviva highlights the importance of appropriate home insurance coverage for pet owners as internal data reveals a surge in pet-related home insurance claims over the past five years. Dogs and cats have been responsible for nearly 6,000 claims, … Read the full press release
Posted in Business, Financial, Industrial, Insurance, Investment, Management, News, United Kingdom
Tagged Aviva, Hazel Johnson, Home Insurance Coverage, Pet Owners
(IN BRIEF) Swiss Re has announced its proposals for its upcoming Annual General Meeting (AGM) on April 12, 2024, including the re-election of Jacques de Vaucleroy as a Board member and his election as Chairman, along with the nomination of … Read the full press release
Posted in Business, Economy, Environment, Financial, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged AGM, appointment, Chairman, Financial, Geraldine Matchett, investment, Jacques de Vaucleroy, leadership, sustainability, Swiss Re
(IN BRIEF) Rothesay, the UK’s leading pensions insurance specialist, has agreed to acquire Scottish Widows’ in-force bulk annuity portfolio from Lloyds Banking Group for approximately £6 billion. The transaction covers the pension benefits of around 42,000 individuals. This move aligns … Read the full press release
(IN BRIEF) Aviva and Darwin Innovation Group, in collaboration with the University of Salford, have expanded the UK’s longest-running self-driving passenger service by adding a second autonomous shuttle to the fleet. Operating at Harwell Science and Innovation Campus, the shuttles … Read the full press release
Posted in Automotive, Business, Financial, Industrial, Insurance, Investment, Management, News, Technology, United Kingdom
Tagged Aviva, Daniela Petrovic, Darwin, partnership, Self-Driving Shuttle Service, Tom Pitney, UK, University of Salford
(IN BRIEF) Aviva has released findings shedding light on women’s investment behaviors, revealing that while most women engage in regular saving and investing, many still face barriers to investment. The study indicates that women tend to prioritize easy access to … Read the full press release
Posted in Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Security & Safety, United Kingdom
Tagged 'NextDefense', Aviva, Financial, Investment Habits, Joanne Philips, partnership, TISA, WOMEN
(IN BRIEF) Aktia, a Finnish asset manager, bank, and life insurer, announces the inclusion of “Empowering employee experience” as a strategic priority alongside other refined targets. CEO Juha Hammarén emphasizes the pivotal role of employees in driving excellent customer experience … Read the full press release
Posted in Banks, Business, Economy, Financial, Finland, Industrial, Insurance, Investment, Management, News
Tagged Aktia, Employee Experience, Juha Hammarén, Strategic Priorities
(IN BRIEF) CACEIS has partnered with Regulatory Technology specialist AlphaOmega to offer a PRIIPs reporting service for clients of its Private Equity Real Estate Solutions business line. Available through the Connect Store, CACEIS’ online marketplace, the service provides clients with … Read the full press release
Posted in Banks, Business, Economy, Financial, France, Government, Industrial, Infrastructure & Utilities, Insurance, Investment, Luxembourg, Management, News, Technology
Tagged AlphaOmega, Antoine Capone, CACEIS, Client Services, Connect Store, Credit Agricole, Luxembourg, partnership, PRIIP, Sabine Iacono
(IN BRIEF) Allianz Trade has introduced Allianz Trade Pay, a suite of services tailored to the needs of B2B e-commerce activities. This new offering encompasses various solutions, including trade credit insurance, fraud protection, digital buyer onboarding, and instant financing through … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Insurance, Internet & Online, Investment, Management, News, Technology
Tagged Allianz Trade, Allianz Trade Pay, B2B E-commerce, Financial, François Burtin, payment solutions
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