Aviva

Homely Secures Investment from UST to Launch Innovative Homebuyer Platform

Retrieved on: 
Thursday, August 10, 2023

The funding will help Homely complete the development of its tech platform and launch its innovative proposition to the market, including activating a number of partnerships with established and trusted brands.

Key Points: 
  • The funding will help Homely complete the development of its tech platform and launch its innovative proposition to the market, including activating a number of partnerships with established and trusted brands.
  • UST will be an integral strategic partner for Homely as the team navigates the UK property market and delivers innovative solutions for renters and homeowners.
  • Steven Ward, Chief investment Officer – Steven was previously the CEO of HSBC Alternative investment Limited.
  • Homely's digital platform will be live and available for consumers to access by the end of 2023.

Custodian Property Income REIT plc: First quarter trading update shows rental growth supporting fully covered dividends and stable values

Retrieved on: 
Wednesday, August 9, 2023

The listed property market is acutely sensitive to broader economic news with inflation, interest rates and potential recession all impacting investors’ confidence.

Key Points: 
  • The listed property market is acutely sensitive to broader economic news with inflation, interest rates and potential recession all impacting investors’ confidence.
  • In the current market, occupational demand is continuing to drive rental growth which is positive for interest cover and dividends.
  • Continued rental growth is the Investment Manager’s key objective together with capturing the reversionary potential through the letting of vacant space.
  • The Board has approved an interim dividend per share of 1.375p for the Quarter, fully covered by EPRA earnings, payable on 31 August 2023.

Ontario Trial Lawyers call for an immediate investigation into the conduct of Aviva Insurance by Ontario's insurance regulator

Retrieved on: 
Thursday, August 3, 2023

TORONTO, Aug. 3, 2023 /CNW/ - The Ontario Trial Lawyers Association (OTLA) calls for an immediate investigation into the conduct of Aviva Insurance and its subsidiaries.

Key Points: 
  • TORONTO, Aug. 3, 2023 /CNW/ - The Ontario Trial Lawyers Association (OTLA) calls for an immediate investigation into the conduct of Aviva Insurance and its subsidiaries.
  • OTLA has learned that Aviva hired government insurance adjudicator, Thérèse Reilly, when she was employed with the Licence Appeal Tribunal (LAT), the quasi-judicial body that handles insurance claims disputes.
  • OTLA has filed a formal complaint against Aviva with the Ontario insurance regulator, the Financial Services Regulatory Authority (FSRA).
  • "Aviva would have known that the adjudicator handling their disputes had accepted their employment offer but apparently did not say anything.

Aviva Canada releases 2022 Sustainability and Climate-related Financial Disclosure reports

Retrieved on: 
Monday, July 31, 2023

TORONTO, July 31, 2023 /CNW/ - Today, Aviva Canada released its 2022 Sustainability Report and Climate-related Financial Disclosure (TCFD) Report .

Key Points: 
  • TORONTO, July 31, 2023 /CNW/ - Today, Aviva Canada released its 2022 Sustainability Report and Climate-related Financial Disclosure (TCFD) Report .
  • The reports highlight how the company is taking climate action and working towards building stronger, more diverse and inclusive communities across Canada, and includes Aviva's response to the recommendations from the Task Force on Climate-Related Financial Disclosures.
  • The 2022 metrics have been assured by PricewaterhouseCoopers LLP to a "reasonable" level of assurance.
  • We are doing our part to support customers, partners and communities in the transition to a low-carbon future.

Facile.it Announces the Appointment of Maurizio Pescarini as CEO

Retrieved on: 
Wednesday, July 26, 2023

Facile.it, a leading Italian online brokerage and price comparison platform, helping customers save time and money by comparing prices on key areas of their household spending, today announces the appointment of Maurizio Pescarini as new CEO effective as of October 1, 2023.

Key Points: 
  • Facile.it, a leading Italian online brokerage and price comparison platform, helping customers save time and money by comparing prices on key areas of their household spending, today announces the appointment of Maurizio Pescarini as new CEO effective as of October 1, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230726211638/en/
    Maurizio has 25 years of experience within the insurance and banking industries, most recently as CEO of Genertel and GenertelLife where he successfully led a digital transformation generating significant value for customers and other stakeholders.
  • Maurizio Pescarini commented: “I have been very impressed by Facile.it and how it has established itself as a leading Italian consumer brand over the past years with an entrepreneurial spirit and a clear value proposition for its customers.
  • I would also like to thank the majority shareholder Silver Lake, and Oakley Capital, for their outstanding partnership during my tenure and I wish all the best to Maurizio in his new role.”

Tractable AI raises $65M in Series E funding led by SoftBank Vision Fund 2 - investment to power next-generation AI for instant visual assessments within the automotive and property ecosystems

Retrieved on: 
Tuesday, July 18, 2023

As part of the transaction, Nahoko Hoshino, Investment Director for SoftBank Investment Advisers will join the Tractable board.

Key Points: 
  • As part of the transaction, Nahoko Hoshino, Investment Director for SoftBank Investment Advisers will join the Tractable board.
  • Tractable announces a $65M Series E investment led by SoftBank Vision Fund 2.
  • Alex Dalyac, CEO and co-founder of Tractable, said: "Tractable's AI has helped millions recover faster from accidents and natural disasters.
  • Tractable already has strong traction in auto, whereas property is the exciting new opportunity that is ripe for disruption."

Berkshire Hathaway Specialty Insurance Welcomes David Corrigan as Head of Property, UK

Retrieved on: 
Wednesday, July 12, 2023

Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has named David Corrigan as Head of Property for the UK, where he will oversee underwriting of BHSI’s comprehensive line of property coverage for a wide range of risks, including Construction, Energy and Mining.

Key Points: 
  • Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has named David Corrigan as Head of Property for the UK, where he will oversee underwriting of BHSI’s comprehensive line of property coverage for a wide range of risks, including Construction, Energy and Mining.
  • “BHSI continues to drive robust growth across our property portfolio in the UK and throughout Europe,” said Nick Major, UK Country Manager, BHSI.
  • Most recently, he spent five years as Head of Property, Global Corporate & Specialty, at Aviva.
  • In Europe, Berkshire Hathaway Specialty Insurance (BHSI) trades under Berkshire Hathaway European Insurance DAC (BHEI) and Berkshire Hathaway International Insurance Limited (BHIIL).

Pitchly Appoints Saleforces’s Wendy Batchelder to its Board of Directors

Retrieved on: 
Tuesday, July 11, 2023

Pitchly , the no-code data enablement company creating new ways for work to be done, announces the appointment of Wendy Batchelder to the Pitchly Board of Directors, effective July 15.

Key Points: 
  • Pitchly , the no-code data enablement company creating new ways for work to be done, announces the appointment of Wendy Batchelder to the Pitchly Board of Directors, effective July 15.
  • As the SVP, Chief Data Officer and Global Data Governance Leader at Salesforce, Batchelder is a seasoned and innovative technology executive.
  • She joins Ryan Gerhardy, CEO and Co-founder of Pitchly, and Matt Paulson, Managing Partner of Homegrown Capital on the Pitchly Board of Directors.
  • Data enablement is the future of using data to do work more efficiently and effectively,” said Batchelder.

How to recognise a temperate rainforest in Britain and Ireland when you see one

Retrieved on: 
Monday, July 10, 2023

By the start of the 20th century, Britain and Ireland had become the least-wooded region in Europe, with only small fragments remaining in both countries’ western coastal rainforest zones.

Key Points: 
  • By the start of the 20th century, Britain and Ireland had become the least-wooded region in Europe, with only small fragments remaining in both countries’ western coastal rainforest zones.
  • And while the climate in Britain and Ireland is wet relative to the south and east of Europe, the question remains: how wet is wet enough to support a rainforest?
  • In Britain and Ireland, the climate is characterised by lower seasonality in rainfall, with dry summers being the exception rather than the rule.
  • So, this leaves us with a dilemma: how can you spot a rainforest in Britain and Ireland?

1. Characteristic types of plant

    • The most iconic plant types characteristic of temperate rainforests are the epiphytes.
    • These are plants that grow above the ground and attach themselves to the stems of trees or shrubs.

2. Horizontal precipitation

    • In upland or coastal environments, where ground-level cloud or mist is common, another important source of moisture for epiphytes is horizontal precipitation (droplets of water that are suspended in the cloud).
    • This moisture source is particularly important for the epiphytes that are most susceptible to drought, such as filmy ferns and some mosses and lichens.

3. Woody climbers

    • One such feature is woody climbers (or liana) that use trees to ascend to the forest canopy.
    • However, the presence of woody climbers alone is not indicative of a temperate rainforest.

4. Tree structure

    • The species of tree found in rainforests in Britain and Ireland are not good indicators of their rainforest status.
    • The dominant canopy tree in many is sessile oak, which is the same species that dominates many forests producing straight stems of high-quality oak timber in northern France.
    • However, this small tree structure is unlikely to be a direct result of high rainfall.

Players In The Travel Insurance Market Are Focusing On Implementing Advanced Technologies And Developing Digital Platforms - By The Business Research Company

Retrieved on: 
Friday, July 7, 2023

LONDON, July 7, 2023 /PRNewswire/ -- As per The Business Research Company's Travel Insurance Global Market Report 2023, the global travel insurance market size will grow from $19.1 billion in 2022 to $22.44 billion in 2023 at a compound annual growth rate (CAGR) of more than 17%. The travel insurance market size is then expected to grow to $40.5 billion in 2027 at a CAGR of 16%. Factors such as increase in demand for embedded, event-driven insurances, growing awareness of travel associated risks, and the rising medical costs will drive the market.

Key Points: 
  • The travel insurance market size is then expected to grow to $40.5 billion in 2027 at a CAGR of 16%.
  • The global travel insurance market is highly concentrated, with a few large players operating in the market.
  • For instance, in March 2022, Virgin Money, a UK-based financial services company, unveiled a new digital travel insurance offering that incorporates comprehensive coverage for COVID-19.
  • According to the travel insurance market analysis , the top growth potential in the travel insurance market by insurance cover will arise in the single-trip travel insurance market, which will gain $12.5 billion of global annual sales by 2027.