Connect with us

News

Transamerica Life Bermuda Solidifies its Capabilities with Key Senior Appointments

gbafNews28

HONG KONG, Oct. 23, 2020 /PRNewswire/ — Transamerica Life (Bermuda) Ltd. (TLB) announced today that after nearly five years of successful leadership, Marc Lieberman, TLB’s CEO & President, will retire at the end of the year. 

Under his stewardship, Mr. Lieberman has strengthened the company’s brand and today TLB is recognised as a leading provider of High Net Worth (HNW) life insurance solutions to customers in Asia and beyond – winning industry awards every year for the last four years.  He also spearheaded the strategic direction and diversification of TLB’s product suite, from the successful launch of TLB’s innovative Wealthassure product to the significant enhancements of its flagship product, Universal Life Alpha.  His foresight and determination has driven TLB’s digitalisation, operations, and services improvement, which has resulted in more capability building for the company.

TLB also announced that the company’s top leadership role will be separated into two jointly accountable and strategically aligned positions.  Pending regulatory approval, Chirag Rathod, TLB’s current Chief Financial Officer, will take on the role of CEO, and Hazel Etherington, TLB’s current Chief Operations Officer, will assume the role of President effective 1 January 2021. Together they will form the Executive Committee of TLB, which will be chaired by the CEO.

The CEO leadership transition represents a significant milestone for TLB as it continues to pursue its aspirations to become the leading Asia-based HNW life insurance provider. Mr. Lieberman will remain to support the CEO transition until 31 December 2020. 

Aegon, headquartered in The Hague, the Netherlands and parent of TLB, commented through Damiaan Jacobovits de Szeged, Chief Operating Officer, Aegon International, "We would like to pay special thanks to Marc for his exceptional leadership and many contributions towards growing TLB’s business over the years.  We wish him all the best in his plans for retirement."

"We are delighted to appoint Chirag and Hazel to take over the top leadership positions at the company. Together we believe they are ideally positioned to steer TLB through the challenging market conditions and lead TLB into its next phase of long-term growth.  Both are seasoned, skilled executives and together they bring nearly 50 years of industry experience to the table.  They are well respected within the company and among industry peers.  We are confident they will be successful in driving and creating long-term customer and shareholder value," he added.

TLB is a leading life insurance company dedicated to serving HNW and Ultra High Net Worth (UHNW) individuals. As the only pure HNW life insurance provider in Hong Kong, TLB has extensive experience in handling large sums assured and complex cases to support legacy and business planning for its customers. 

About Transamerica Life (Bermuda) Ltd.: Transamerica Life (Bermuda) Ltd. (TLB) is a leading High Net Worth life insurance provider, dedicated to offering life protection to High Net Worth individuals, families and businesses across Asia and beyond. Transamerica has been in Asia for over 80 years and has been the pioneer in managing universal life portfolios since 1981. TLB was awarded International Life Insurer of the Year Award (Hong Kong) at the Asian Banking & Finance Insurance Asia Awards 2019. TLB is part of the Aegon Group, a leading, international financial services group providing life insurance, pensions and asset management based in The Hague, Netherlands. Further information about TLB is available here: www.transamericalifebermuda.com

About Aegon: Aegon’s roots go back 175 years – to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in more than 20 countries in the Americas, Europe and Asia. Today, Aegon is one of the world’s leading financial services organisations, providing life insurance, pensions and asset management. Aegon’s purpose is to help people achieve a lifetime of financial security. Further information about Aegon is available here: www.aegon.com.

Related Links :

http://www.transamericalifebermuda.com

News

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

gbafNews28

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  

Continue Reading

News

Ultimaker appoints Jürgen von Hollen as Chief Executive Officer

gbafNews28

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

 

Continue Reading

News

EQT Infrastructure and Proximus form partnership to bring fiber to 1.5 million households in the Flemish Region of Belgium

gbafNews28

  • EQT Infrastructure and Proximus sign joint venture agreement to build a fiber-to-the-home network for at least 1.5 million households and businesses in the Flemish Region of Belgium                 
  • EQT Infrastructure and Proximus are committed to invest significantly into the increased digitalization of the Belgian society                 
  • The JV will benefit from EQT Infrastructure's vast fiber roll-out experience and Proximus' unrivalled expertise in the Belgian telecom market, and together the parties aim at realizing a substantial increase of the fiber coverage in Flanders

STOCKHOLM, Nov. 27, 2020 /PRNewswire/ — The EQT Infrastructure V fund (“EQT Infrastructure”) and Proximus, Belgium's largest telecom operator, are pleased to announce the signing of a partnership agreement. As part of this agreement, the two parties will form a new joint venture (JV) that will design, build and maintain a fiber-to-the-home (FTTH) network in Flanders. EQT Infrastructure will initially own 50.1 percent of the JV and Proximus will hold 49.9 percent.

EQT Infrastructure and Proximus have identified large opportunities in accelerating the build-out pace of the FTTH network in the Flemish Region of Belgium. FTTH is the fastest and most reliable broadband solution available and is instrumental in managing the increasingly growing internet bandwidth demands of the future. EQT and Proximus are committed to invest significantly into the JV over the coming years with the ambition to bring the required fiber connectivity to Flanders so that its residents and businesses can actively participate in the Gigabit Society.

The JV will benefit from the combination of EQT Infrastructure's vast experience from developing strong fiber companies in Europe and North America, and Proximus' unrivalled expertise in the Belgian telecom market and long-standing relationships with municipalities and housing associations. Together, the parties will create an efficient rollout machine to build a fiber network, which will be open and accessible to all operators. The JV intends to connect its first customers during 2021 and the overall goal is to bring fiber connectivity to at least 1.5 million households and businesses over the coming years. The JV will be supported by a strong board of directors with hands-on experience from fiber deployment in Belgium and other European markets.

Matthias Fackler, Partner at EQT Partners, said: “We are very happy to have found a strong partner in Proximus for this exciting fiber rollout opportunity in Belgium. As the leading investor in digital infrastructure, EQT sees the growing need for future-proof and reliable broadband access all over the European continent. Through this partnership, we look forward to facilitating digital inclusion and sustainable economic growth in Flanders and the Belgian society as a whole.”

Guillaume Boutin, CEO of Proximus, said: “I am very pleased that we have signed this final agreement with EQT Infrastructure. This will enable us to reinforce our leading position in multi-gigabit infrastructures, in an era where reliable, next-generation fixed and mobile connectivity has become more important than ever. It also illustrates our positive attitude towards cooperation and co-investment, which will be an important trigger to guarantee a faster, broader and more cost-efficient roll-out. I'd like to congratulate the teams involved on both sides, as this agreement marks another major step forward to build the most future-proof and open network for Belgium and bring high-speed connectivity solutions to every citizen”.

The closing of the transaction is expected in Q1 2021, subject to customary regulatory approvals.

With this transaction, EQT Infrastructure V is expected to be 15-20 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on its target fund size, and subject to customary regulatory approvals.

Contact:
Matthias Fackler
Partner at EQT Partners and Investment Advisor to EQT Infrastructure
+49 89 25 54 99 0

EQT Press Office, [email protected], +46 8 506 55 334

About EQT

EQT is a purpose-driven global investment organization with more than EUR 75 billion in raised capital and over EUR 46 billion in assets under management across 16 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and North America with total sales of more than EUR 27 billion and approximately 159,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com

Follow EQT on LinkedIn, Twitter, YouTube and Instagram

About Proximus

Proximus Group (Euronext Brussels: PROX) is a provider of digital services and communication solutions operating in the Belgian and international markets. Delivering communication and entertainment experiences for residential consumers and enabling digital transformation for enterprises, we open up a world of digital opportunities so people live better and work smarter. Thanks to advanced interconnected fixed and mobile networks, Proximus provides access anywhere and anytime to digital services and data, as well as to a broad offering of multimedia content. Proximus is a pioneer in ICT innovation, with integrated solutions based on IoT, Data analytics, cloud and security.

With 12,931 employees, all engaged to offer customers a superior experience, the Group realized an underlying Group revenue of EUR 5,686 million end-2019.

More info: www.proximus.com and www.proximus.be

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/eqt-infrastructure-and-proximus-form-partnership-to-bring-fiber-to-1-5-million-households-in-the-fle,c3244704

The following files are available for download:

https://mb.cision.com/Main/87/3244704/1340732.pdf

Press release EQT Infrastructure V Proximus JV 201127

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
gbafNews28 gbafNews28
News1 hour ago

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

SHENZHEN, China, Nov. 26, 2020 /PRNewswire/ — OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), the leading technology-as-a-service platform provider and...

gbafNews28 gbafNews28
News1 hour ago

OKEx resumes withdrawals of digital assets

VALLETTA, Malta, Nov. 27, 2020 /PRNewswire/ — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has restored its full...

gbafNews28 gbafNews28
News1 hour ago

St Kitts and Nevis' Citizenship by Investment Programme Records Increased Interest from African Investors

LONDON, Nov. 27, 2020 /PRNewswire/ — According to Les Khan, CEO of St Kitts and Nevis' Citizenship by Investment (CBI)...

gbafNews28 gbafNews28
News1 hour ago

Prosus confirms jury for India social impact challenge

Top startups to be announced on December 2nd ahead of International Day of Persons with Disabilities The World Health Organization...

gbafNews28 gbafNews28
News1 hour ago

EQT Infrastructure and Proximus form partnership to bring fiber to 1.5 million households in the Flemish Region of Belgium

EQT Infrastructure and Proximus sign joint venture agreement to build a fiber-to-the-home network for at least 1.5 million households and...

gbafNews28 gbafNews28
News1 hour ago

Ultimaker appoints Jürgen von Hollen as Chief Executive Officer

Jos Burger advances to Supervisory Board UTRECHT, Netherlands, Nov. 27, 2020 /PRNewswire/ — Ultimaker, the global leader in professional 3D...

gbafNews28 gbafNews28
News1 hour ago

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

ZURICH, Nov. 27, 2020 /PRNewswire/ — Swiss Re Corporate Solutions appoints Manuela Baroncini as Global Head Engineering & Construction (E&C), effective...

gbafNews28 gbafNews28
News1 hour ago

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...

gbafNews28 gbafNews28
News1 hour ago

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....

gbafNews28 gbafNews28
News1 hour ago

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...