Zurich Insurance boosts ambition with new financial targets

Zurich Insurance boosts ambition with new financial targets

ZURICH/LONDON, Nov 16 (Reuters) – Zurich Insurance Group (ZURN.S) has set a new 2023-2025 target of increasing business operating profit after tax return on equity (BOPAT ROE) to more than 20% by 2025, with 8% compounded organic growth per share per year. aims to produce announced on wednesday. Europe’s fifth largest insurer also targets cumulative … Read more

Stay Ahead: Student Loan Debt Relief

Stay Ahead: Student Loan Debt Relief

The U.S. Department of Education is now offering Federal Student Loan Debt Relief. This program allows eligible borrowers to fully or partially forgive loans of up to $20,000 for federal Pell grant recipients and $10,000 for non-Pell grant recipients. Pell Grants are available to low-income students under FAFSA. The application can be filled in studentaid.gov/debt-reliefThe … Read more

Dutch provinces to end fossil fuel export credit insurance from 1 January

Dutch provinces to end fossil fuel export credit insurance from 1 January

AMSTERDAM (Reuters) – The Dutch government said on Thursday it intends to stop providing credit insurance to companies and banks for exports in the fossil fuel sector as of January 1, following pledges made at the COP26 climate change conference. did. in Glasgow. In a statement announcing the move, the Treasury Department called it an … Read more

Insurance for Ukrainian grain shipments cut after Russian suspension – source

Insurance for Ukrainian grain shipments cut after Russian suspension - source

LONDON (Reuters) – Insurers are no longer offering new cargo insurance for shipments from Ukraine through the UN-backed secure corridor after Russia stopped participating, industry sources said. an industry source said on Tuesday. An export deal agreed by Russia and Ukraine and brokered by Turkey and the United Nations in July was aimed at alleviating … Read more

Ukrainian premiums surpass Iraq war levels, industry sources say

Ukrainian premiums surpass Iraq war levels, industry sources say

LONDON (Reuters) – Insurance for humanitarian workers, journalists and engineers heading to Ukraine has become more expensive and harder to organize than during the Iraq war. After initially nervous about offering coverage in the wake of Russia’s invasion of Ukraine in February, several insurers have become more willing to do so in recent months, industry … Read more