(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
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