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Foresters Financial Appoints Matt Berman as Chief Executive Officer

Retrieved on:

Friday, January 12, 2024

Diabetes, AXA, Foresters Financial, AIG, Life, Culture, Insurance, Business administration, University, Business, Strategic planning, Forester, Zurich Insurance Group, Management

TORONTO, Jan. 12, 2024 /PRNewswire/ - Dan Fortin, Foresters Financial Chair of the Board, announced today the appointment of Matt Berman as President and Chief Executive Officer, effective immediately.

Key Points:

TORONTO, Jan. 12, 2024 /PRNewswire/ - Dan Fortin, Foresters Financial Chair of the Board, announced today the appointment of Matt Berman as President and Chief Executive Officer, effective immediately.
Earlier, he served as President, Foresters Financial US and, prior to that, as Chief Distribution Officer and President of the insurer's former subsidiary, Foresters Life Insurance and Annuity Company (FLIAC).
The Board would also like to thank René Zanin for his contributions as Foresters Interim President and Chief Executive Officer.
"It is my distinct honor to be named Foresters Chief Executive Officer," said Mr. Berman.

AXA XL Canada Strengthens Fine Art and Specie Team with Two Key Appointments

Retrieved on:

Thursday, January 11, 2024

Specie, Jewellery, Insurance, Forecasting, AXA, Fine art, Reinsurance

TORONTO, Jan. 11, 2024 /PRNewswire/ -- AXA XL Canada has appointed two seasoned professionals to its Fine Art and Specie team, further enhancing its market-leading capabilities in Canada.

Key Points:

TORONTO, Jan. 11, 2024 /PRNewswire/ -- AXA XL Canada has appointed two seasoned professionals to its Fine Art and Specie team, further enhancing its market-leading capabilities in Canada.
Based in Toronto, Caitlin McCullough and Sarah Mitchell take on the roles of Senior Underwriter and Underwriter, Fine Art & Specie, Canada.
She began her career in the fine art sector before transitioning into the insurance field, working for a fine art insurer in both Canada and New York.
Ms. Mitchell who joins AXA XL Canada from the broker side, brings 14 years of experience at Willis in the UK where she managed the fine art and specie claims portfolio, gaining invaluable expertise in the Fine Art and Specie domain.

AXA XL extends U.S. Mid-Market insurance offering to mid-size contractors with addition of John Schwirtz

Retrieved on:

Tuesday, January 9, 2024

Insurance, Division, Construction, Head, Risk management, Liberty Mutual, AXA, Private equity, Growth, Reinsurance

BOSTON, Jan. 9, 2024 /PRNewswire/ -- AXA XL continues the build out of its U.S. Mid-Market insurance business, now extending its multi-line insurance offering to mid-size construction businesses with the addition of John Schwirtz as Head of Construction, US Mid-Market.

Key Points:

BOSTON, Jan. 9, 2024 /PRNewswire/ -- AXA XL continues the build out of its U.S. Mid-Market insurance business, now extending its multi-line insurance offering to mid-size construction businesses with the addition of John Schwirtz as Head of Construction, US Mid-Market.
Based in Boston, Mr. Schwirtz reports to Matt Waters, Head of AXA XL's U.S. Mid-Market Business.
Mr. Schwirtz joins AXA XL from Liberty Mutual where he most recently served as Division Vice President, Middle Market Northeast.
The addition of John only furthers that commitment and positions us for long-term growth and success."

Leaders across every industry cite democratizing data and AI as the number one challenge to achieving their generative AI goals, according to a new MIT Technology Review Insights research report

Retrieved on:

Tuesday, January 9, 2024

CAMBRIDGE, Mass., Jan. 9, 2024 /PRNewswire/ -- A new report by MIT Technology Review Insights explores the breakthroughs in data intelligence that will enable CIOs to reach their data and generative AI priorities across seven industries, namely retail and consumer packaged goods, healthcare and life sciences, manufacturing, financial services, telecommunications, media and entertainment, and the public sector.

Key Points:

"Organizations investing in unified data and governance platforms to fuel their AI and empower their workforces are positioned to lap the competition in realizing AI-based results."
The findings are as follows:
Real-time analytics and secure sharing are priorities in every industry to unleash the power of data truly.
Sixty-four percent of CIOs say the ability to securely share live data and AI assets across platforms is "very important."
Still, in every case, value creation will depend on access to data and AI across roles within the organization.

Leaders across every industry cite democratizing data and AI as the number one challenge to achieving their generative AI goals, according to a new MIT Technology Review Insights research report

Retrieved on:

Tuesday, January 9, 2024

CAMBRIDGE, Mass., Jan. 9, 2024 /PRNewswire/ -- A new report by MIT Technology Review Insights explores the breakthroughs in data intelligence that will enable CIOs to reach their data and generative AI priorities across seven industries, namely retail and consumer packaged goods, healthcare and life sciences, manufacturing, financial services, telecommunications, media and entertainment, and the public sector.

Key Points:

"Organizations investing in unified data and governance platforms to fuel their AI and empower their workforces are positioned to lap the competition in realizing AI-based results."
The findings are as follows:
Real-time analytics and secure sharing are priorities in every industry to unleash the power of data truly.
Sixty-four percent of CIOs say the ability to securely share live data and AI assets across platforms is "very important."
Still, in every case, value creation will depend on access to data and AI across roles within the organization.

AXA Digital Transformation Strategy Analysis Report 2023: Innovation Programs, Technology Initiatives, Estimated ICT Budget, Major ICT Contracts - ResearchAndMarkets.com

Retrieved on:

Thursday, January 4, 2024

Fintech, Professional Services, Insurance, Cloud, XL, Microsoft, ICT, International, AI, AXA, Transversal, Life, Retail

This report provides insight into AXA's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts.

Key Points:

This report provides insight into AXA's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts.
AXA serves both individual and business customers through a network of agents, a salaried salesforce, brokers, independent financial advisors, and bank networks.
AXA has launched a Digital Commercial Platform as a part of its strategic plan called Driving Progress 2023.
AXA plans to expand its health and protection business across the world by offering innovative services beyond regular healthcare insurance products.

UnitedHealth Group and Allianz SE Maintain Top Spots on AM Best’s Largest Insurer Rankings

Retrieved on:

Thursday, January 4, 2024

Insurance, Professional Services, UnitedHealth Group, Elevance Health, Research, NPW, Prudential Financial, Allianz, AXA, Centene Corporation, Berkshire Hathaway

In addition, Allianz SE remained in its top spot by nonbanking assets, at $1.1 trillion, despite a 10% drop from the previous year.

Key Points:

In addition, Allianz SE remained in its top spot by nonbanking assets, at $1.1 trillion, despite a 10% drop from the previous year.
AM Best released the rankings of the world’s largest global insurance companies, by NPW and nonbanking assets, in the January 2024 issue of Best's Review , available now.
Ping An insurance (Group) Company of China Ltd. surged to second behind Allianz SE from fourth place as its assets rose 11.4% to $960.7 billion in 2022.
The top 10 global insurers ranked by 2022 NPW are as follows:
Kaiser Foundation Group of Health Plans, United States
Ping An Insurance (Group) Company of China Ltd., China
China Life Insurance (Group) Company, China

Hardman & Co Q&A on Volta Finance Ltd: Competitive advantages AXA IM brings as manager

Retrieved on:

Saturday, December 30, 2023

Hardman & Co., Interview, AXA, CLO, LON

Hardman & Co Q&A on Volta Finance Ltd: Competitive advantages AXA IM brings as manager

Key Points:

Hardman & Co Q&A on Volta Finance Ltd: Competitive advantages AXA IM brings as manager
The issuer is solely responsible for the content of this announcement.
Volta Finance Ltd is the topic of conversation when Hardman & Co Analyst Mark Thomas joins DirectorsTalk Interviews.
In this interview Mark takes us through his recent report on Volta entitled ‘ The benefits of having AXA IM as the manager ’, tells us about AXA IM’s presence in the CLO market, what scale brings to Volta investors, why this adds value in practice and any risks associated with investing.
If you are interested in meeting the company, you can register your interest here

Smart Spaces wins Santander Technology Business of the Year at the Growing Business Awards 2023

Retrieved on:

Wednesday, December 6, 2023

SME, CBRE, Apple Wallet, Bishopsgate, GPE, Business, Noma, ESG, Kyōto Station, Crown Estate, JLL, HID, AXA, OS, Apple Watch, EV, Mobile phone

LONDON, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Smart Spaces announces today that it has won the Santander Technology Business of the Year at the Growing Business Awards 2023 - an annual event which honours the UK’s most outstanding entrepreneurs and high growth SME businesses.

Key Points:

LONDON, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Smart Spaces announces today that it has won the Santander Technology Business of the Year at the Growing Business Awards 2023 - an annual event which honours the UK’s most outstanding entrepreneurs and high growth SME businesses.
Its smart building operating system (OS) is leading the market helping to support customers meet their ESG goals and has subsequently established the UK as a global leader in smart building delivery.
Dan Drogman, Smart Spaces’ CEO, says, “Our ambition is to be the world’s leading smart building operating system for commercial real estate.
We’re rapidly realising this goal as evidenced by our recent business performance and the future pipeline of projects we’re working on.

AXA XL and EPIC-Oversea Insurance Agency collaborate on specialized insurance coverage for Marine Artisans in the US

Retrieved on:

Tuesday, December 19, 2023

XL, Inland marine insurance, Documentation, Injury, Rail transport by country, Electronics, Excess, HVAC, Insurance, Smartphone, AXA, P&I

NEW YORK, Dec. 19, 2023 /PRNewswire/ -- AXA XL and Oversea Insurance Agency, an EPIC Company, are teaming up to provide fast, easy, and specialized Marine General Liability insurance coverage for Marine Artisans in the U.S.

Key Points:

NEW YORK, Dec. 19, 2023 /PRNewswire/ -- AXA XL and Oversea Insurance Agency, an EPIC Company, are teaming up to provide fast, easy, and specialized Marine General Liability insurance coverage for Marine Artisans in the U.S.
According to Allison Jolls, AXA XL's Product Director for Marine Liabilities, "Marine Artisans are the backbone of the ship repair industry.
We're working with Oversea to deliver an easy, tailored, and comprehensive insurance product that Marine Artisans can access entirely online.
AXA XL's Marine insurance offerings include Inland Marine, Ocean Cargo, Blue and Brown Water Hull, P&I, as well as Excess and Primary Marine Liabilities.