Generali

Aperture Investors Adds Rob MacNaughton to Head U.S. Credit Strategy

Retrieved on: 
Monday, December 11, 2023

Aperture Investors , an alternative asset manager and part of the Generali Investments ecosystem, announces industry veteran Rob MacNaughton has joined the firm as the newest member of its growing credit team.

Key Points: 
  • Aperture Investors , an alternative asset manager and part of the Generali Investments ecosystem, announces industry veteran Rob MacNaughton has joined the firm as the newest member of its growing credit team.
  • MacNaughton is an Associate Portfolio Manager who will head up Aperture’s New York-based credit team and support the firm’s global fixed-income strategies.
  • MacNaughton brings 23+ years of experience in high-yield and distressed debt to this newly created role at Aperture.
  • Most recently, MacNaughton was Head of US Leveraged Finance Trading at UBS, where he previously also held the role Head of US High Yield and Distressed Trading.

AM Best Affirms Credit Ratings of Assicurazioni Generali S.p.A. and Its Main Rated Subsidiaries

Retrieved on: 
Friday, December 8, 2023

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of Assicurazioni Generali S.p.A. (Generali) (Italy) and its main rated subsidiaries.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of Assicurazioni Generali S.p.A. (Generali) (Italy) and its main rated subsidiaries.
  • Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) of debt instruments issued or guaranteed by Generali.
  • The Generali group reported a Solvency II SCR ratio of 224% as of 30 September 2023 (year-end 2022: 221%).
  • The FSR of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) have been affirmed with stable outlooks for Assicurazioni Generali S.p.A. and its following subsidiaries:

Iris® Powered by Generali Announces Recipients of its Women in Technology Scholarship

Retrieved on: 
Wednesday, December 13, 2023

WASHINGTON, Dec. 13, 2023 /PRNewswire/ -- Iris® Powered by Generali ("Iris"), provider of proprietary identity and cyber protection solutions, today announced the creation of its Women in Technology Scholarship program, providing financial assistance to women in – or those looking to enter – the technology industry along with the program's first two recipients. Iris also provided updates on some of the ongoing cybersecurity awareness initiatives they undertook this year and the recognitions received from the Globee Awards and the Software Report.

Key Points: 
  • WASHINGTON, Dec. 13, 2023 /PRNewswire/ -- Iris® Powered by Generali ("Iris"), provider of proprietary identity and cyber protection solutions, today announced the creation of its Women in Technology Scholarship program, providing financial assistance to women in – or those looking to enter – the technology industry along with the program's first two recipients.
  • In support of the larger technology industry, Iris has launched its Women in Technology Scholarship program.
  • We're proud to support two of many women looking to broaden their career prospects and learn more about this exciting field with these scholarships."
  • I am incredibly proud that we are able to help promote women professionals in the field of technology.

Generali Partners with Premialab for Multi-Asset Investments

Retrieved on: 
Tuesday, December 5, 2023

LONDON, Dec. 5, 2023 /PRNewswire/ -- Premialab, a leading provider of data, analytics, and risk solutions, today announced that Generali Investments Partners had selected its technology to deliver portfolio management and risk solutions.

Key Points: 
  • LONDON, Dec. 5, 2023 /PRNewswire/ -- Premialab , a leading provider of data, analytics, and risk solutions, today announced that Generali Investments Partners had selected its technology to deliver portfolio management and risk solutions.
  • Cédric Baron, Head of Multi Asset Strategies, Generali Investments Partners, said the company's choice of Premialab was based on their capacity to provide real-time, granular, and actionable data.
  • "Institutions like Generali Investments, which manages over €500 billion, have well-designed portfolios across multiple asset classes that require constant monitoring and refinement," he said.
  • The Premialab platform and Premialab Pure Factors® together offer cross-asset quantitative strategy selection, and due diligence on strategies available across global markets.

Pacific Green Enters Into Transaction to Sell Its 249MW / 373.5MWh Sheaf Energy Park Battery Development for an Enterprise Value of £210 Million (US$258 Million)

Retrieved on: 
Tuesday, November 7, 2023

Dover, DE, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Pacific Green Technologies, Inc. ("Pacific Green", OTCQB: PGTK) announces that it has entered into a transaction to sell 100% of the shares in Pacific Green Battery Energy Parks 2 Limited (“PGBEP2”) to Sosteneo Fund 1 HoldCo S.à.r.l.

Key Points: 
  • Dover, DE, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Pacific Green Technologies, Inc. ("Pacific Green", OTCQB: PGTK) announces that it has entered into a transaction to sell 100% of the shares in Pacific Green Battery Energy Parks 2 Limited (“PGBEP2”) to Sosteneo Fund 1 HoldCo S.à.r.l.
  • (“Sosteneo HoldCo”) for £210 million (US$258 million) (the “Transaction”).
  • PGBEP2 is the holding company for 100% subsidiary, Sheaf Energy Limited, Pacific Green’s 249 MW / 373.5 MWh battery energy storage system in Kent, England (“Sheaf Energy Park”), which will begin commercial operations in July 2025.
  • Under the terms of the Transaction, Pacific Green and Sosteneo have granted each other respective options to buy or sell the shares in PGBEP2.

Insurance Telematics Market Boom: Europe & North America's Growth Forecast Revealed - ResearchAndMarkets.com

Retrieved on: 
Tuesday, October 31, 2023

This comprehensive study offers detailed insights into the evolving world of insurance telematics, revealing compelling growth figures and forecast trends until 2027.

Key Points: 
  • This comprehensive study offers detailed insights into the evolving world of insurance telematics, revealing compelling growth figures and forecast trends until 2027.
  • Insurance telematics, commonly known as usage-based insurance (UBI), is transforming the automotive insurance landscape.
  • Given that basic automotive insurance is compulsory in most developed regions, the potential for insurance telematics is vast.
  • The aftermarket segment also remains crucial, with Octo Telematics being a dominant force, supporting over 5.7 million insurance telematics programs.

EQS-News: Deutsche Familienversicherung at International Insurance Fairs  

Retrieved on: 
Friday, October 27, 2023

October 2023 – DFV Deutsche Familienversicherung AG ("German Family Insurance"), the leading direct insurer from Frankfurt, will be represented at the Insuretech Connect (ITC) from October 31 to November 2, 2023 in Las Vegas.

Key Points: 
  • October 2023 – DFV Deutsche Familienversicherung AG ("German Family Insurance"), the leading direct insurer from Frankfurt, will be represented at the Insuretech Connect (ITC) from October 31 to November 2, 2023 in Las Vegas.
  • The ITC is one of the most prestigious international insurance fairs.
  • The success story of Deutsche Familienversicherung garners greater interest and understanding in the international arena, particularly in digitally savvy USA, than in Germany," comments Dr. Stefan Knoll, Chairman of the Board and founder of Deutsche Familienversicherung.
  • In December 2023, Deutsche Familienversicherung, represented by its founder and Chairman of the Board, will also attend the Insurtech Insights in Hong Kong, the world's largest insurance conference in Asia, at the invitation of Insurtech Insights.

XAI Octagon Floating Rate & Alternative Income Term Trust Announces Board Approval of Proposal to Become Perpetual Fund and New Sub-Advisory Agreement with Octagon Credit Investors

Retrieved on: 
Thursday, October 26, 2023

XAI Octagon Floating Rate & Alternative Income Term Trust (the “Trust”) (NYSE: XFLT), announced that the Trust’s Board of Trustees (the “Board”) has unanimously approved a proposal to eliminate the Trust’s termination date of December 31, 2029.

Key Points: 
  • XAI Octagon Floating Rate & Alternative Income Term Trust (the “Trust”) (NYSE: XFLT), announced that the Trust’s Board of Trustees (the “Board”) has unanimously approved a proposal to eliminate the Trust’s termination date of December 31, 2029.
  • The proposal, if approved by shareholders, will amend the Trust’s Second Amended and Restated Declaration of Trust and make the Trust perpetual (the “Term Amendment”).
  • The transaction will constitute an “assignment” of the current sub-advisory agreement among the Trust, XAI and Octagon, causing the current agreement to terminate according to its terms, and necessitating approval of the new sub-advisory agreement (the “New Octagon Agreement”).
  • The Term Amendment and the New Octagon Agreement (together, the “Proposals”) are subject to approval by the Trust’s shareholders.

Octagon Credit Investors names Gretchen Lam as Chief Executive Officer

Retrieved on: 
Tuesday, October 17, 2023

Octagon Credit Investors, LLC (“Octagon”), a leading credit-focused investment manager overseeing $35 billion in total assets, is pleased to announce that Gretchen Lam, Senior Portfolio Manager, will succeed Andrew Gordon as Chief Executive Officer, effective January 1, 2024.

Key Points: 
  • Octagon Credit Investors, LLC (“Octagon”), a leading credit-focused investment manager overseeing $35 billion in total assets, is pleased to announce that Gretchen Lam, Senior Portfolio Manager, will succeed Andrew Gordon as Chief Executive Officer, effective January 1, 2024.
  • Mr. Gordon commented, “Gretchen has been an integral part of Octagon’s success during her 20-plus years at the firm.
  • Gretchen possesses the right balance of intelligence, experience, and temperament to lead Octagon in the years ahead.
  • Ms. Lam said, “I am honored to serve as the next CEO of Octagon at an exciting time in the firm’s growth trajectory.

STUDY: 37% Intimidated, 39% Frustrated with Online Security Highlighting Digital Anxiety

Retrieved on: 
Tuesday, October 3, 2023

Notably, a majority (70%) of those who have heard of the security measure know how to use MFA and regularly incorporate it into their online security measures, underscoring their growing dedication to safeguarding their digital accounts.

Key Points: 
  • Notably, a majority (70%) of those who have heard of the security measure know how to use MFA and regularly incorporate it into their online security measures, underscoring their growing dedication to safeguarding their digital accounts.
  • Moreover, the adoption of password managers has made significant headway, with 38% of Americans utilizing these tools to bolster password security.
  • Bridging these gaps is critical to empowering users and encouraging the widespread adoption of effective cybersecurity practices, ultimately fortifying the digital security landscape.
  • At the same time, these digital natives are twice as likely to disagree with the idea that security is worth the effort.