Browsing: four

Europe’s four largest reinsurers—Munich Re, Hannover Re, SCOR, and Swiss Re—have delivered robust financial results for 2023 and the first half of 2024, particularly within their non-life reinsurance segments. According to a recent report by AM Best, these results reflect the firms’ ability to capitalise on continued strong pricing and favourable terms in the global reinsurance market. The report, titled “Global Reinsurance – The European Big Four,” forms part of AM Best’s comprehensive analysis of the global reinsurance industry, released ahead of the prestigious Rendez-Vous de Septembre in Monte Carlo. This annual gathering is a key event for the global…

Zilch, the world’s first ad-subsidised payments network (ASPN), has announced a major milestone in its rapid rise within the fintech industry, achieving profitability within just four years of its launch. The company also revealed that it has surpassed an annual revenue run rate of $130 million (£100 million), marking a significant achievement that places it alongside some of Europe’s most successful fintech firms. The news comes as Zilch continues to outpace the average growth rates seen in the tech industry, particularly in the UK and US, where it typically takes companies 8-10 years to reach similar revenue levels. By contrast,…

A recent study by the UKG Workforce Institute has underscored the pivotal role that managers play in fostering productive and engaging workplaces. According to the global research, nearly three in four employees (73%) say their manager’s support and leadership directly motivates them to go above and beyond in their roles. However, the study also reveals a concerning level of burnout among managers, who report feeling the strain of their responsibilities more than any other group in the workforce. The research highlights that effective management is crucial to creating a positive work environment. A significant 87% of employees believe their manager…