Jo Malone London, Spotify, Zurich Insurance Group join Global Coalition for Youth Mental Well-being Three leading companies join UNICEF and Z Zurich Foundation to advocate for greater investment and action to support young people’s mental health and well-being. The Global Coalition for Youth Mental Well-being, hosted by UNICEF, is pleased to announce today that three leading global companies - Jo Malone London, Spotify, and Zurich Insurance Group - have joined the initiative. The new members of the coalition, which was first launched in April 2022 with the support of Z Zurich Foundation, will play a lead role in helping to drive forward public and private sector investment and action to...
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On 27 October 2022, with around 80 attendees, has took `place the first day of the Special Inhousecommunity Days. This edition of the event, which brings together leading lawyers, general counsel and in-house lawyers from renowned Swiss companies and law firms, took place in the GDI Gottlieb Duttweiler Institute in Zurich. The event starts with LC Publishing Group founder and managing director, Aldo Scaringella’s welcome message. Hereafter, Jasprit Sahnsi, deputy general counsel & internal audit leader of Selecta as well as member of Europe ACC’s board of directors, continued with an opening speech highlighting the importance role of the inhouse lawyers and general counsels. The first...
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LONDON--( BUSINESS WIRE )--AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the main rated insurance subsidiaries of Zurich Insurance Group Ltd (Zurich) (Switzerland). At the same time, AM Best has affirmed the Long-Term ICR of “a” (Excellent) of Zurich (a non-operating holding company). The outlook of the FSR is stable while the outlook of the Long-Term ICRs is positive. The Credit Ratings (ratings) reflect Zurich’s consolidated balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, very favourable business profile and appropriate...
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NJ New Jersey, USA – (SBWire) – 10/13/2022 – The latest study released by AMA Research on the Global Baby Insurance Market evaluates the market size, trend and forecast for 2027. The Baby Insurance Market Study includes critical research data and evidence ready-to-use for managers, analysts, industry experts and other key individuals to help them understand market trends, growth drivers, opportunities and upcoming challenges and competitors. To be a handy resource document for access and self-analysis studies. Download Sample Report PDF (Including Full TOC, Table & Figures) @ Key players in this report include: Munich Re (Germany), Zurich Insurance (Switzerland),...
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This press release was orginally distributed by SBWire NJ New Jersey, USA — ( SBWIRE ) — 10/13/2022 — The latest study released on the Global Baby Insurance Market by AMA Research evaluates market size, trend, and forecast to 2027. The Baby Insurance market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Key Players in This Report Include: Munich Re (Germany), Zurich Insurance (Switzerland), Nippon Life Insurance (...
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Raul Vargas to succeed Jeff Dailey as Farmers Group President & CEO Farmers Group Inc. has promoted Raul Vargas to become the company’s next President and Chief Executive Officer at the start of 2023. Current President & CEO Jeff Dailey is stepping down, but will continue to serve as Chairman of the Farmers Group, Inc. Board of Directors. At the same time, Vargas will also become a member of the Board. Vargas currently serves as President of Distribution, Life and Financial Services for Farmers Group, Inc., where he oversees sales and distribution efforts as well as Farmers New World Life and Farmers Financial Solutions. Overall, Vargas has more than two decades of international...
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Zurich has agreed to sell its legacy traditional life insurance back book in Germany to Viridium, a specialist in the management of life insurance portfolios, as it attempts to reduce its exposure to spiralling interest rates. According to ING, year-on-year inflation in Germany stood at just under 8% in May, mirroring a global pattern that has been spurred on by a number of factors including high energy and food prices, Russia’s invasion of Ukraine and a surge in consumer demand for goods and services post-Covid. The eurozone average for inflation was 8.1% last month, according to the European Union’s (EU) statistics office Eurostat. In Germany, the headline inflation rate is...
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Sharp increase in insurance premiums to be announced Health Minister Alain Berset is expected to announce the new hikes at a press conference this afternoon. While the exact increase is not yet known, Santésuisse, the umbrella group for health insurance carriers, predicts that an average hike of 10 percent would be necessary to cover the soaring healthcare costs. Health spending went up by more than 6 percent, mainly because treatments that could not be carried out in 2020 due to the coronavirus pandemic had to be postponed to the following year. The cost of Covid tests and vaccination has also increased the per-capita health spending. On Monday, the Council of States decided to fully adapt...
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US Senate finance committee chair Ron Wyden has written to Prudential Financial, Zurich Insurance Group, Lombard International and the American Council of Life Insurers (ACLI) as part of his investigation into the increasing use of private placement life insurance (PPLI) schemes by wealthy US taxpayers. In the letters, Wyden said he believes PPLI policies are being used “as a tax shelter for the wealthiest Americans”. He added that the US Senate is “concerned that these insurance vehicles are being used, without a genuine insurance purpose, to invest in hedge funds and other investments while avoiding billions of dollars in federal taxes”. PPLI is a multi-jurisdictional wealth planning tool...
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Sanctions on Russia slowing nation’s life insurance industry growth: GlobalData A new report from GlobalData states that the fallout from Russia’s invasion of Ukraine in February will cause a slowing in the growth of the country’s life insurance industry over the next few years. The data and analytics firm says in its Russia Life Insurance: Key Trends and Opportunities to 2026 that gross written premiums (GWP) in the nation are expected to decline by 7.3% in 2022 compared to the 21% growth achieved in 2021. The report also says that life insurance GWPs are forecasted to record a low compound annual growth rate (CAGR) of 3.1% over 2021-26 compared to the 11.5% CAGR seen during the...
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