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Potential Sunday/Oct. 25 PSPS Event: Forecasted Highest Winds and Driest Conditions of the Season Mean PG&E May Need to Proactively Turn Off Power for Safety to Approximately 466,000 Customers Across Northern and Central California

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Pacific Gas and Electric Companys (PG&E) Emergency Operations Center, Meteorology team and Wildfire Safety Operations Center are working together and tracking a significant, offshore wind event starting Sunday that is forecast to have the driest humidity levels and the strongest winds of the wildfire season thus far.

PG&E has notified customers in targeted portions of 38 counties about a potential Public Safety Power Shutoff (PSPS) expected to start as early as Sunday morning (Oct. 25). Extremely dry, windy conditions with high gusts pose an increased risk for damage to the electric system that has the potential to ignite fires in areas with critically dry vegetation.

High fire-risk conditions are expected to arrive Sunday morning. High winds are currently expected to subside Tuesday morning (Oct. 27). PG&E will then patrol the de-energized lines to ensure they were not damaged during the wind event. PG&E will safely restore power as quickly as possible, with the goal of restoring most customers within 12 daylight hours, based on current weather conditions.

While there is still uncertainty regarding the strength and timing of this weather wind event, the shutoff is forecasted to affect approximately 466,000 customers in targeted portions of 38 counties, including: Alameda, Alpine, Amador, Butte, Calaveras, Colusa, Contra Costa, El Dorado, Fresno, Glenn, Humboldt, Kern, Lake, Lassen, Madera, Marin, Mariposa, Mendocino, Monterey, Napa, Nevada, Placer, Plumas, San Joaquin, San Mateo, Santa Clara, Santa Cruz, Shasta, Sierra, Siskiyou, Solano, Sonoma, Stanislaus, Tehama, Trinity, Tuolumne, Yolo and Yuba. Some customers in 25 tribal communities may also be affected.

The highest probability areas for this PSPS include terrain of the northern and western Sacramento Valley, Northern and Central Sierra as well as higher terrain of the Bay Area, including the Santa Cruz Mountains, Central Coast Region and portions of southern Kern.

The safety of our customers and the communities we serve is our most important responsibility. PG&Es 24/7 Wildfire Safety Operations Center and our team of in-house meteorologists continue to monitor weather conditions for this potential Diablo offshore wind event arriving Sunday morning and lasting through Tuesday morning, said Michael Lewis, PG&Es Interim President. Initial forecasts indicate this could be our largest PSPS event this year so far. Our highest priority is to keep customers and communities safe and execute this event according to our plan and to then quickly restore power to all affected customers when its safe to do so.

Customer Notification and Impact

The potential PSPS event is still two days away. PG&E in-house meteorologists as well as staff in its Wildfire Safety Operation Center and Emergency Operation Center will continue to monitor conditions closely, and additional customer notifications will be issued as we move closer to the potential event.

Customer notificationsvia text, email and automated phone callbegan late this afternoon, approximately two days prior to the potential shutoff. Customers enrolled in the companys Medical Baseline program who do not verify that they have received these important safety communications will be individually visited by a PG&E employee with a knock on their door when possible. A primary focus will be given to customers who rely on electricity for critical life-sustaining equipment.

It is very possible that customers may be affected by a power shutoff even though they are not experiencing extreme weather conditions in their specific location. This is because the electric system relies on power lines working together to provide electricity across cities, counties and regions.

Customers can find the full list of impacted counties, cities and communities at pge.com/pspsupdates.

Potentially Affected Customers

Below is a list of customers who could potentially be affected by this PSPS event.

  • Alameda County: 39,401 customers, 1,483 Medical Baseline customers
  • Alpine County: 575 customers, 6 Medical Baseline customers
  • Amador County: 10,448 customers, 805 Medical Baseline customers
  • Butte County: 19,185 customers, 1,833 Medical Baseline customers
  • Calaveras County: 19,329 customers, 967 Medical Baseline customers
  • Colusa County: 565 customers, 32 Medical Baseline customers
  • Contra Costa County: 20,148 customers, 957 Medical Baseline customers
  • El Dorado County: 41,009 customers, 2,891 Medical Baseline customers
  • Fresno County: 4,746 customers, 417 Medical Baseline customers
  • Glenn County: 377 customers, 18 Medical Baseline customers
  • Humboldt County: 6,712 customers, 232 Medical Baseline customers
  • Kern County: 649 customers, 32 Medical Baseline customers
  • Lake County: 31,590 customers, 2,613 Medical Baseline customers
  • Lassen County: 989 customers, 50 Medical Baseline customers
  • Madera County: 16,542 customers, 1,513 Medical Baseline customers
  • Marin County: 19,626 customers, 608 Medical Baseline customers
  • Mariposa County: 1,203 customers, 45 Medical Baseline customers
  • Mendocino County: 10,038 customers, 552 Medical Baseline customers
  • Monterey County: 242 customers, 6 Medical Baseline customers
  • Napa County: 15,598 customers, 510 Medical Baseline customers
  • Nevada County: 40,252 customers, 2,446 Medical Baseline customers
  • Placer County: 18,060 customers, 1,117 Medical Baseline customers
  • Plumas County: 9,370 customers, 429 Medical Baseline customers
  • San Joaquin County: 10 customers, 0 Medical Baseline customers
  • San Mateo County: 4,458 customers, 120 Medical Baseline customers
  • Santa Clara County: 4,770 customers, 238 Medical Baseline customers
  • Santa Cruz County: 14,317 customers, 975 Medical Baseline customers
  • Shasta County: 25,169 customers, 1,997 Medical Baseline customers
  • Sierra County: 1,101 customers, 24 Medical Baseline customers
  • Siskiyou County: 57 customers, 0 Medical Baseline customers
  • Solano County: 1,606 customers, 100 Medical Baseline customers
  • Sonoma County: 38,120 customers, 2,111 Medical Baseline customers
  • Stanislaus County: 35 customers, 0 Medical Baseline customers
  • Tehama County: 9,751 customers, 849 Medical Baseline customers
  • Trinity County: 1,406 customers, 76 Medical Baseline customers
  • Tuolumne County: 33,271 customers, 2,427 Medical Baseline customers
  • Yolo County: 166 customers, 4 Medical Baseline customers
  • Yuba County: 5,196 customers, 412 Medical Baseline customers
  • Total*: 466,093 customers, 28,895 Medical Baseline customers

*The following Tribal Community counts are included within the County level detail above.

  • Big Lagoon Rancheria Tribal Community: 7 customers, 0 Medical Baseline customers
  • Big Sandy Rancheria Tribal Community: 61 customers, 2 Medical Baseline customers
  • Chicken Ranch Rancheria Tribal Community: 0 customers, 0 Medical Baseline customers
  • Cold Springs Rancheria Of Mono Indians Tribal Community: 0 customers, 0 Medical Baseline customers
  • Cortina Rancheria Tribal Community: 8 customers, 1 Medical Baseline customer
  • Dry Creek Rancheria Tribal Community: 8 customers, 0 Medical Baseline customers
  • Enterprise Rancheria Of Maidu Indians Tribal Community: 0 customers, 0 Medical Baseline customers
  • Greenville Rancheria Tribal Community: 34 customers, 0 Medical Baseline customers
  • Grindstone Rancheria Tribal Community: 49 customers, 3 Medical Baseline customers
  • Hoopa Valley Tribe Tribal Community: 1,063 customers, 56 Medical Baseline customers
  • Hopland Reservation Tribal Community: 86 customers, 11 Medical Baseline customers
  • Jackson Rancheria Tribal Community: 28 customers, 0 Medical Baseline customers
  • Karuk Tribe Tribal Community: 42 customers, 0 Medical Baseline customers
  • Middletown Rancheria Tribal Community: 33 customers, 0 Medical Baseline customers
  • Mooretown Rancheria Tribal Community: 107 customers, 7 Medical Baseline customers
  • North Fork Rancheria Tribal Community: 25 customers, 3 Medical Baseline customers
  • Picayune Rancheria Tribal Community: 30 customers, 0 Medical Baseline customers
  • Pit River Tribe Tribal Community: Includes customers in Montgomery Creek Rancheria and Roaring Creek Rancheria. We do not have data on customer counts or Medical Baseline customers at this time.
  • Robinson Rancheria Tribal Community: 96 customers, 4 Medical Baseline customers
  • Round Valley Reservation Tribal Community: 646 customers, 34 Medical Baseline customers
  • Sherwood Valley Ranch Tribal Community: 82 customers, 6 Medical Baseline customers
  • Shingle Springs Rancheria Tribal Community: 54 customers, 3 Medical Baseline customers
  • Stewarts Point Rancher Tribal Community: 22 customers, 2 Medical Baseline customers
  • Tuolumne Rancheria Tribal Community: 112 customers, 6 Medical Baseline customers
  • Upper Lake Rancheria Tribal Community: 28 customers, 2 Medical Baseline customers
  • Yurok Tribe Tribal Community: 87 customers, 4 Medical Baseline customers

Why PG&E Calls a PSPS Event

Due to forecasted extreme weather conditions, PG&E is considering proactively turning off power for safety. Windy conditions, like those being forecast, increase the potential for damage and hazards to PG&Es electric infrastructure, which could cause sparks if lines are energized. These conditions also increase the potential for rapid fire spread.

Were seeing four extremes in the weather for this potential PSPS event: extremely high winds, extremely low humidity, extreme dry fuels due to the hottest average temperatures over the last six months according to records that go back 126 years, and extreme drought across the territory given lack of rainfall, said PG&Es Scott Strenfel, head of meteorology and fire science. While temperatures are expected to drop heading into this event with cold weather expected in some areas, the high winds, low humidity, dry fuels and lack of rainfall continues to result in high fire hazard conditions.

State officials classify more than half of PG&Es 70,000-square-mile service area in Northern and Central California as having a high fire threat, given dry grasses and the high volume of dead and dying trees.

The states high-risk areas have tripled in size over the last seven years. No single factor drives a PSPS, as each situation is unique. PG&E carefully reviews a combination of many criteria when determining if power should be turned off for safety. These factors generally include, but are not limited to:

  • Low humidity levels, generally 20 percent and below
  • Forecasted sustained winds generally above 25 mph and wind gusts in excess of approximately 45 mph, depending on location and site-specific conditions such as temperature, terrain and local climate
  • A Red Flag Warning declared by the National Weather Service
  • Condition of dry fuel on the ground and live vegetation (moisture content)
  • On-the-ground, real-time observations from PG&Es Wildfire Safety Operations Center and observations from PG&E field crews

So far this year, PG&E has called 4 PSPS events, each of which produced safety hazards on our equipment. If PG&E had not de-energized power lines, these types of damage could have caused wildfire ignitions.

Heres Where to Go to Learn More

  • PG&Es emergency website pge.com/pspsupdates is now available in 13 languages. Currently, the website is available in English, Spanish, Chinese, Tagalog, Russian, Vietnamese, Korean, Farsi, Arabic, Hmong, Khmer, Punjabi and Japanese. Customers will have the opportunity to choose their language of preference for viewing the information when visiting the website. In addition, PG&Es contact center has translation services available in over 200 languages. Customers who need in-language support over the phone can contact us by calling 1-833-208-4167.
  • For additional language support services including how to set language preference, select options for obtaining translated notifications, and receive other translated resources on PSPS, customers can visit pge.com/pspslanguagehelp. This website is also available in 13 languages as listed above.
  • Customers are encouraged to update their contact information and indicate their preferred language for notifications by visiting pge.com/mywildfirealerts or by calling 1-800-743-5000. PG&Es contact center has translation services available in over 200 languages.
  • Tenants and non-account holders can sign up to receive PSPS ZIP Code Alerts for any area where you do not have a PG&E account by visiting pge.com/pspszipcodealerts.
  • PG&E has launched a new tool at its online Safety Action Center at safetyactioncenter.pge.com to help customers prepare. By using the Make Your Own Emergency Plan tool and answering a few short questions, visitors to the website can compile and organize the important information needed for a personalized family emergency plan.

Community Resource Centers Reflect COVID-Safety Protocols

PG&E will open Community Resource Centers (CRCs) to support our customers.

The sole purpose of a PSPS is to reduce the risk of major wildfires during severe weather. While a PSPS is an important wildfire safety tool, PG&E understands that losing power disrupts lives, especially for customers sheltering-at-home in response to COVID-19. These temporary CRCs will be open to customers when power is out at their homes and will provide ADA-accessible restrooms and hand-washing stations; medical-equipment charging; Wi-Fi; bottled water; and non-perishable snacks.

In response to the COVID-19 pandemic, all CRCs will follow important health and safety protocols including:

  • Facial coverings and maintaining a physical distance of at least six feet from those who are not part of the same household will be required at all CRCs.
  • Temperature checks will be administered before entering CRCs that are located indoors.
  • CRC staff will be trained in COVID-19 precautions and will regularly sanitize surfaces and use Plexiglass barriers at check-in. All CRCs will follow county and state requirements regarding COVID-19, including limits on the number of customers permitted indoors at any time.

Besides these health protocols, customers visiting a CRC in 2020 will experience further changes, including a different look and feel. In addition to using existing indoor facilities, PG&E is planning to open CRCs at outdoor, open-air sites in some locations and use large commercial vans as CRCs in other locations. CRC format will depend on a number of factors, including input from local and tribal leaders. Supplies also will be handed out in grab-and-go bags at outdoor CRCs so most customers can be on their way quickly.

How Customers Can Prepare for a PSPS

As part of PSPS preparedness efforts, PG&E suggests customers:

  • Plan for medical needs like medications that require refrigeration or devices that need power.
  • Identify backup charging methods for phones and keep hard copies of emergency numbers.
  • Build or restock your emergency kit with flashlights, fresh batteries, first aid supplies and cash.
  • Keep in mind family members who are elderly, younger children and pets.

Prevention, Preparedness and Support

It is important that PG&E has your current contact information so you can be notified and better prepared if a wildfire or PSPS event may impact your home or business. To set up your alerts, visit pge.com/alerts.

With the increased wildfire threat our state faces, PG&E is enhancing and expanding our efforts to reduce wildfire risks and keep our customers and communities safe. Our Community Wildfire Safety Program includes short, medium and long-term plans to make our system safer. For tips on how to prepare for emergencies and outages, visit our Safety Action Center at safetyactioncenter.pge.com.

Essentially All Customers Restored from Oct. 21 PSPS Event

PG&E has restored power to essentially all customers who can receive service that were impacted by the PSPS event that started Wednesday evening (Oct. 21). PG&E called the PSPS event due to a high-wind event combined with low humidity and severely dry vegetation, which together created high risk of catastrophic wildfires.

The Oct. 21 PSPS event affected about 31,000 customers in targeted portions of 7 counties with the majority living in Shasta, Butte and Tehama counties.

The top three recorded wind gust speeds from this PSPS event were 56, 55, and 52 mph in Shasta, Contra Costa and Butte counties respectively, with humidity and fuel moisture levels remaining low.

About 2,000 personnel were working on the ground or in 36 helicopters inspecting lines for damage or hazards.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation’s cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.

Media Relations

415.973.5930

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OneConnect Financial Technology cements presence in Malaysia with new entity; Launch graced by MDEC

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SHENZHEN, China, Nov. 26, 2020 /PRNewswire/ — OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), the leading technology-as-a-service platform provider and an associate of Ping An Insurance Group, reaffirms its commitment as the trusted tech partner for financial institutions in Malaysia with the launch of its new entity, OneConnect Smart Technology (Malaysia) Sdn Bhd. In line with its Southeast Asia expansion strategy, Malaysia is a key growth engine where OneConnect plans to build a local team that stands ready to serve financial institutions across Malaysia and support its regional projects. The launch was graced by Dato' Ng Wan Peng, Chief Operating Officer of the Malaysia Digital Economy Corporation (MDEC).

Malaysia's fintech space is thriving

Bank Negara Malaysia (BNM) has launched several initiatives in a move to embrace financial inclusion and the shift in banking habits towards digital channels. These include the announcement last year that it will issue new digital banking licenses and the publication of an Electronic Know-Your-Customer (eKYC) guideline on 30 June 2020. The move has given a boost to the nation's banking and fintech players that are ready to accelerate digital transformation and adopt fintech innovations.

“Fintech had garnered lots of attention for its astonishing potential in impacting lives and changing economies. Since it appeared, fintech helped enable ordinary people to access financial products securely and efficiently. At the same time, it also accelerated the economic growths of many countries. In order to enhance the development of the fintech ecosystem for this country, the Malaysia Digital Economy Corporation (MDEC) will continue to engage start-ups, investors and innovators from around the world to yield positive outcomes via its continuous efforts in expanding and innovating the fintech industry. As OneConnect has established a regional presence in Malaysia, it reinforces the fact that Malaysia is an attractive investment destination. In fact, many fintech and data ecosystem players come to Malaysia specifically for its vibrant testbed environment and the multi-cultural background of its talent pool and their digital savviness and language proficiency in technical subjects,” shared Dato' Ng Wan Peng, Chief Operating Officer, MDEC.

According to the e-Conomy SEA 2020 Report[1], consumers and SMEs have adopted digital financial services like never before. In Malaysia, over the various Movement Control Order periods, many turned to the Internet for solutions to their challenges. A significant number tried new digital services – 36 per cent of all digital service consumers were new – with 92 per cent of these new consumers intending to continue their behaviour post-pandemic. Year-to-date, Malaysia has also seen a 33 per cent monthly active user growth for select mobile banking apps.

The scene is an important preamble to the ongoing digital transformation taking place in the financial landscape and it signifies a positive sign for OneConnect who has market-ready solutions for insurtech and full-stack digital banking technologies including end-to-end frictionless account opening and onboarding, smart lending, and an eKYC solution that recognises MyKad.

Committed to the growth of Malaysia's financial sector

OneConnect is committed to being the trusted tech enabler in digital transformation for financial institutions.

Backed by Ping An's 32 years of experience in the financial industry and an extensive track record as the tech enabler, OneConnect is able to bring to Malaysia the breadth and depth of proven solutions, and journey with its clients through their digital transformation roadmap.

Echoing the same, Tan Bin Ru, CEO (Southeast Asia) of OneConnect Financial Technology, said, “Malaysia is of strategic importance to OneConnect. The country is home to five local banks that are 20 of Southeast Asia's largest banks, enjoying strong regional presence. Bank Negara Malaysia's decision to open its door to digital banking bodes well for our Southeast Asia expansion strategy. One of our unique value propositions that our clients value much is the breadth and depth of our solutions which becomes a breeze when they can have a single strategic tech partner to integrate a full suite of digital solutions and work alongside their team through phases of their transformation plan. We see a lot of potential in Malaysia and with our new office being set up, we will be able to contribute our deep market knowledge and ready solutions to the local banks and financial institutions in Malaysia.”

She added, “Having served all the major banks and more than half of the insurance companies in China, we have amassed extensive track records in enabling digital transformations for, and accumulated a wealth of bespoke experience in the banking, insurance and ecosystem realms. Since the setting up of our regional headquarters in Singapore in 2018, more than 50 clients across Southeast Asia and other parts of Asia, as well as the UAE and Europe have entrusted us to be their tech expert.” 

Serving the needs of leading financial institutions in Malaysia

OneConnect currently serves a global insurance player and three of the top five local banks in Malaysia It has collaborated with RHB Bank and another top five local bank where it collaborated on the development of two firsts-of-its-kind services that were launched in Malaysia recently. It is also collaborating with CIMB Philippines to enhance digital banking technologies in The Philippines.

OneConnect has partnered with RHB Bank to develop an omnichannel platform that fully digitalises the SME loan experience. The omnichannel platform – comprising the RHB Financing (SME) mobile app for customers, a sales app for the bank's relationship managers and a seamless SME loan management website – utilises OneConnect's artificial intelligence (AI) and eKYC technologies. Launched in August as Malaysia's first AI-powered SME financing mobile app, the app automates and simplifies onboarding process where SMEs only need to submit two scanned documents – MyKad and a bank statement – via their mobile phones to apply for loans. The omnichannel platform lets RHB serve SMEs more efficiently by reducing the back-office processes and operating costs. The bank aims to provide RM500 million in financing facilities to support small businesses in the next year.

OneConnect also partnered with another top five local bank to develop a mobile banking app powered by its eKYC solution, making this the first eKYC solution approved by BNM to launch in Malaysia in October. The app is the first in Malaysia launched by a bank to deliver a truly digital onboarding experience without having to visit any physical branch. Customers can open an account and bank safely anytime and anywhere amidst the ongoing pandemic.

Yao Jing, Head of Strategy and Business Development (Singapore and Malaysia), OneConnect Financial Technology, said, “Our deep market knowledge and ready solutions for Malaysia aptly position us to meet the local needs. We are grateful for the trust and confidence that some of the largest financial institutions in Malaysia have given us and we will continue to deepen the relationships with our valued clients. We see ourselves as a strong tech player in this space, and are dedicated to supporting and enabling the digital banking ecosystem here. We will continue to forge collaborations and work closely with financial institutions and other stakeholders, including Bank Negara Malaysia, and nurture the local tech talents as we walk this journey of a transformational landscape together.”

OneConnect plans to hire local talents to grow a product and engineering team who will provide support for clients in Malaysia and have the opportunities to work on its regional projects.

About OneConnect Financial Technology

OneConnect (NYSE: OCFT) is a leading technology-as-a-service platform for financial institutions. The Company's platform provides cloud-native technology solutions that integrate extensive financial services industry expertise with market-leading technology. The Company's solutions provide technology applications and technology-enabled business services to financial institutions. Together they enable the Company's customers' digital transformations, which help them increase revenue, manage risks, improve efficiency, enhance service quality and reduce costs.

Our technology-as-a-service platform strategically covers multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses – from sales and marketing and risk management to customer services, as well as technology infrastructure such as data management, program development, and cloud services.

Annex: Chinese Glossary

English

Chinese

Tan Bin Ru, CEO (Southeast Asia), OneConnect Financial Technology 

陈敏如, 东南亚首席执行官, 金融壹账通

Yao Jing, Head of Strategy and Business Development (Singapore and Malaysia), OneConnect Financial Technology

姚惊, 战略兼业务拓展总经理 (新加坡与马来西亚地区), 金融壹账通

Dato' Ng Wan Peng, Chief Operating Officer, Malaysia Digital Economy Corporation

拿督黄婉冰, 首席运营官,马来西亚数字经济发展局

 

Cision View original content:http://www.prnewswire.com/news-releases/oneconnect-financial-technology-cements-presence-in-malaysia-with-new-entity-launch-graced-by-mdec-301181093.html

SOURCE OneConnect

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Manuela Baroncini joins Swiss Re Corporate Solutions as Global Head Engineering & Construction

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ZURICH, Nov. 27, 2020 /PRNewswire/ — Swiss Re Corporate Solutions appoints Manuela Baroncini as Global Head Engineering & Construction (E&C), effective 1 March 2021. In this role, Ms. Baroncini will be responsible for driving the success of the E&C portfolio, maintaining a profitable book of business and leading a global team of underwriting experts. Based in London and reporting to Martin Hegelbach, Head Property & Specialty, Ms. Baroncini succeeds Guido Benz, who will join Aon at the end of December after 13 years with Swiss Re.

Construction site (PRNewsFoto/Swiss Re Corporate Solutions)

“It is great to welcome someone of Manuela's calibre and technical expertise back to Corporate Solutions. She is a highly energetic, experienced industry leader who understands the needs of our customers. She is also highly engaged with the broking community and truly understands the market,” said Mr. Hegelbach. “Over the past several years, Manuela has amassed a wealth of knowledge and experience by profitably managing large portfolios of business. I look forward to working with her as she leads our next phase of development in this key sector.”

Mr. Hegelbach continued, “We wish Guido great success in his new role. He has been instrumental in building up our E&C book of business and expanding our product offering. We are sad to see him leave but look forward to continuing the relationship as he will remain active in the insurance market.”

Ms. Baroncini brings almost 20 years of construction insurance experience to this role, most recently as Head of Construction UK for a large commercial insurer. In this role, she was responsible for providing construction risk transfer solutions for domestic and multinational risks to help make customers in the UK and around the globe more resilient. She previously worked for Swiss Re Corporate Solutions between 2002 and 2015 in roles of increasing seniority within the E&C team.

Ms. Baroncini holds a Fellowship Post Degree in Material Science from the University of Cambridge and a Master of Science in Mechanical Engineering from the University of Rome Tor Vergata. She is an executive member at the London Engineering Group and a Chartered member of the Italian Institution of Engineers.

The Swiss Re Corporate Solutions E&C team insures a wide range of risks across different sectors including renewable energy, construction, infrastructure, power and utilities, heavy industries and mining.

About Swiss Re Corporate Solutions
Swiss Re Corporate Solutions provides risk transfer solutions to large and mid-sized corporations around the world. Its innovative, highly customised products and standard insurance covers help to make businesses more resilient, while its industry-leading claims service provides additional peace of mind. Swiss Re Corporate Solutions serves clients from offices worldwide and is backed by the financial strength of the Swiss Re Group. Visit corporatesolutions.swissre.com or follow us on linkedin.com/company/swiss-re-corporate-solutions and Twitter @SwissRe_CS.

Logo – https://mma.prnewswire.com/media/1343441/Swiss_Re_Corporate_Solutions_Construction_site.jpg  

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Ultimaker appoints Jürgen von Hollen as Chief Executive Officer

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Jos Burger advances to Supervisory Board

UTRECHT, Netherlands, Nov. 27, 2020 /PRNewswire/ — Ultimaker, the global leader in professional 3D printing, appointed Jürgen von Hollen as Chief Executive Officer, replacing Jos Burger, who will retire and join the Supervisory Board. This change will be effective on January 1, 2021.

Jos Burger joined Ultimaker in 2014 and transformed the company from a start-up to a global player in the 3D printing industry. According to the most recent findings from the UK market intelligence firm CONTEXT, in the first half of 2020, strong demand from work-from-home scenarios allowed for Ultimaker to ascend to the top two position in global 3D Printer hardware shipment revenues. Ultimaker leads the Professional Price Class printer segment in the first half of 2020 with a 40% market share of hardware revenues.

“I'm tremendously proud of everything we achieved at Ultimaker in a short period of time. The transformation from a start-up to a company that now shapes how companies produce and manufacture is phenomenal,” said Jos Burger, outgoing CEO, Ultimaker. “The last seven years have been intense, and given my age, it's now time to retire from the CEO role. All the building blocks that will sustain future growth are there, and now it's the best moment to hand over to Jürgen. Ultimaker continues to have a unique space in my heart, and I'm thrilled with the opportunity to serve on the Supervisory Board.”

Jürgen von Hollen brings extensive international experience and a wealth of leadership in fast-growth technology industries. Prior to Ultimaker, Jürgen was President and CEO at Universal Robots, where he successfully grew the company and established it as the global market leader in collaborative robotics. Jürgen has held leadership positions at Bilfinger SE, Daimler-Chrysler Services, T-Systems, and Pentair.

“I am very excited to be joining the Ultimaker team, who has developed a leading product, strong business model and has a very talented team,” said Jürgen von Hollen, incoming CEO, Ultimaker. “I believe this uniquely positions Ultimaker to take full advantage of a USD 35 billion 3D printing market and outgrow this market, which itself is expected to grow at 20% per annum. Ultimaker has the ability to enable dynamic innovation, flexible manufacturing and delivers great productivity improvements. Together, we want to transform organizations and Ultimaker is in a great position to grow as the leader.”

Bart Markus, Chairman of the Supervisory Board, adds: “Jos is leaving a great legacy behind, and now it is the right time to take advantage of what Jos has built and accelerate the company further. We are excited to have Jürgen as our new leader, and he is perfectly suited to take Ultimaker to new heights.”

About Ultimaker

Since 2011, Ultimaker has built an open and easy-to-use solution of 3D printers, software, and materials that enable professional designers and engineers to transform the way they manufacture. Over 400 employees work together to accelerate the world's transition to digital manufacturing.  

Photo – https://mma.prnewswire.com/media/1343404/Ultimaker_Jurgen_von_Hollen.jpg

 

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Elliptic Labs Launches with Xiaomi’s Mass-Volume Smartphone Redmi Note 9 Pro Smartphones

Leading AI software company Elliptic Labs (OSE: ELABS-ME) joins with Xiaomi (the worlds third largest smartphone manufacturer) in announcing today...

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80+ social innovators from around the world to shape the New Normal online at the 13th Social Enterprise Summit

HONG KONG SAR – Media OutReach – 19 November 2020 – The 13th Social Enterprise Summit kicked off today in an online format....

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Ashford Dental opens third branch in Bedok, specialising in same-day smile restoration

SINGAPORE – Media OutReach – 23 November 2020 – With the opening of their third facility in Bedok projected for end December 2020, the Ashford...