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olive® Drives Responsible Investment Through QBE's – GlobeNewswire

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Walnut Creek, July 09, 2021 (GLOBE NEWSWIRE) — olive®, the online leader for mechanical breakdown coverage, along with their customers, have invested insurance premiums into sustainable and socially responsible projects through their partners QBE.

Premiums4Good is an innovative initiative that sees QBE invest everyday premiums to make an extraordinary difference to communities across the globe. Through Premiums4Good, QBE invests customers’ premiums into investments that have additional social or environmental benefits at no extra cost to the customer.

These investments include social impact bonds, social bonds, green bonds and infrastructure, supporting a range of projects and programs that seek to create change. From renewable energy initiatives and sustainable infrastructure, to social services and programs to support vulnerable people and communities.

When customers purchase a plan with olive.com a portion of their plan is invested in Premiums4Good. Premiums4Good will have 25 percent of their premium invested in projects that help the environment or deliver direct, sustainable benefits to communities, such as those aimed at reducing homelessness.

QBE provides the insurance and claims services for each olive plan, which offers customers vehicle mechanical breakdown coverage with no waiting periods, fixed monthly pricing and a 100% online quote and fulfilment platform.

Paul Sherman, Chief Marketing Officer, olive: “olive is proud to be a part of the Premiums4Good program. Every year, a portion of our profits go directly to accomplishing the UN’s 17 Sustainable Development Goals, which aim to end poverty, hunger, and provide everyone with access to clean water. We love that our customers can feel good knowing that their plan further invests in worthy causes, at no cost to them.”

Shaqeel Hussain, Head of Automotive Protection, QBE: “Premiums4Good is a unique and innovative offering; we’re the first insurer that allows you to choose for your premiums to be invested in projects that benefit communities and the environment. By offering Premiums4Good through olive, we’re pleased to be able to reach even more customers that can take part in this great initiative.”

QBE currently has USD 904 million invested across 66 investments including social impact bonds, social bonds, green bonds and infrastructure – supporting a range of initiatives from renewable energy and sustainable infrastructure, to social services and programs to support vulnerable people and communities.

In North America, Premiums4Good investments have benefitted 22 securities as of 2020, including projects such as The Ford Foundation Social Bond.

Find out more about QBE’s Premiums4Good initiative and the projects it supports here.

For further information contact:
Audra Neurauter, Marketing and Media Contact, olive, +1 303-435-4795, audra.neurauter@olive.com

Alexis Burris, Corporate Communications, QBE, +44 20 3465 3921, Alexis.Burris@uk.qbe.com

Sandra Villanueva, Corporate Communications, QBE, +44 20 7105 5284, Sandra.Villanueva@uk.qbe.com

About olive
©2021 Repair Ventures, LLC dba olive. olive and the olive logo are trademarks of olive.

For nearly 20 years the company and its affiliates have been providing mechanical breakdown coverage for vehicles. In 2020 olive was launched to take our coverage and products to the next level with a fully digital offering built to serve customers.

olive is a consumer informed product provider, seeking to offer the best product at the right time in a transparent manner. Their products, customer service, and reputation for excellence have earned us an A+ rating with the Better Business Bureau and they’ve partnered with some of the insurance industry’s largest companies to back them. They’re in the business of helping people live life covered.

About QBE Automotive Protection
QBE Automotive Protection has developed a reputation for delivering successful insurance programs globally in North America, South America, Western and Eastern Europe, Asia, and the Middle East. Our success has been built on providing world-class solutions tailored for each individual client. We work with automotive manufacturers, distributors and dealerships and financial institutions to create tailor-made affinity insurance and warranty products

QBE Automotive Protection is part of QBE Insurance Group, one of the world’s leading international insurers and reinsurers and Standard & Poor’s A+ rated. Listed on the Australian Securities Exchange, QBE’s gross written premium for the year ended 31 December 2020 was US$14.7 billion.

About Premiums4Good
Premiums4Good is an innovative initiative that sees QBE invest everyday premiums to make an extraordinary difference to communities across the globe. Through Premiums4Good, we invest customers’ premiums into investments that have additional social or environmental benefits at no extra cost to the customer. These investments include social impact bonds, social bonds, green bonds and infrastructure, supporting a range of projects and programs that seek to create change. From renewable energy initiatives and sustainable infrastructure, to social services and programs to support vulnerable people and communities – Premiums4Good helps companies, together with their customers and partners, make a difference.

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For more information about Olive, contact the company here:

Olive
Dan Stratford
(925) 412-3141
dan.stratford@gogetolive.com
1981 N. Broadway Suite 210A
Walnut Creek, CA, 94596


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Guardian Capital picks 60% stake in Rae & Lipskie Investment Counsel – Private Banker International

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Guardian Capital Group has signed a deal to acquire a 60% majority interest in the Ontario-based private wealth manager Rae & Lipskie Investment Counsel (The RaeLipskie Partnership).

Financial terms of the agreement were not disclosed. The deal is expected to close in the third quarter of this year, subject to regulatory approvals.

Current employees of The RaeLipskie Partnership will retain the remaining 40% ownership interest in the firm. It has assets under management (AuM) of over C$1.1 bn.

Guardian president and CEO George Mavroudis said: “We’re delighted to partner with such a well-respected firm and management team as we continue to grow our presence in the private client wealth space.

“This transaction will add over $1bn in assets under management to our Private Wealth segment and further extend our regional coverage in key markets.”

The RaeLipskie Partnership president and COO Brian Lipskie added: “Like Guardian, we have always believed in serving our clients with a customer-first and community-based approach to everything we do. We look forward to continuing to do so, but with the added strength and stability that comes from partnering with Guardian.”

Founded in 1962, Toronto-based Guardian specialises in wealth and investment management.

The firm provides a range of investment management solutions to institutional and private wealth clients through its subsidiaries and offers wealth management services to financial advisors in its national mutual fund dealer, securities dealer and insurance distribution network.

As of 31 March 2022, the firm had C$53.1bn of assets under management and C$30.5bn of assets under administration. It also managed a proprietary investment portfolio with a fair market value of C$741m at end of this March.

Last year, Guardian concluded its previously announced takeover of BNY Mellon’s wealth management and advisory services unit in Canada.

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Toronto investment bank Origin Merchant Partners to acquire Chicago advisory firm – The Globe and Mail

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Toronto-based investment bank Origin Merchant Partners is expanding into the U.S. market by acquiring Chicago-based InterOcean Advisors, creating a firm with more than 40 bankers in five cities.

Origin and InterOcean advise mid-sized public and private companies on mergers, acquisitions and raising capital, and are among a number of boutique investment dealers created in recent years by veterans of larger banks or professional services firms. The two employee-owned firms worked together on a number of cross-border transactions prior to merging.

“We are excited to join forces with InterOcean,” Jim Meloche, Origin’s managing partner, said in a press release. “With its deal and sector expertise, coupled with an extensive network of industry and capital provider relationships, the InterOcean team will enable us to better serve our US and Canadian clients across a range of sectors.”

M&A investment bank Origin Merchant Partners expands into Quebec

Two former leaders of Ernst & Young’s corporate finance team for automotive, building products and other industrial clients – Bill Doepke and Bob Wujtowicz – founded InterOcean in 2006. They named the firm after a Chicago business newspaper launched in the 1800s with a “pro-American industry stance” that became a touchstone publication for readers across the U.S. Midwest. Both founders are joining the merged firm.

Going forward, the company will be known as Origin, with offices in Toronto, Montreal, Chicago, Atlanta and Denver. The two investment banks did not release financial terms of the transaction.

Last year, Origin welcomed veteran investment banker Darren Williams as a principal in its Toronto office. He also began his career at E&Y, then went on to become an adviser to industrial companies and leader of the team that covers the sector for Origin. Mr. Williams said: “The combination of our capabilities will expand on the benefits we bring to our industrials clients, deepening our talent pool and growing our network of key relationships in the sector.”

Over the past two years – during the COVID-19 pandemic – Origin and InterOcean have completed more than 25 transactions, advising entrepreneurs and companies on divestitures, acquisitions and capital raising.

Boutique advisory firms such as Origin have successfully pitched their services as conflict-free alternative to bank-owned investment dealers, which earn fees from lending and underwriting equity offerings along with providing advice on transactions. A number of Origin’s founders started their careers at the investment banking arm of CIBC, then moved to independent dealers.

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Investment platform Qooore rebrands as Qure.Finance – Private Banker International

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Investment platform Qooore, which touts itself as a social investment platform for Gen Z, has rebranded as Qure.Finance.

Subsequently, the firm also launched paper trading in its iOS app to allow users to carry out risk-free trades based on insights from “finfluencers”.

Qure.Finance will also allow users to practice trading approximately 10,000 securities, including US stocks and ETFs, as well as more than 20 cryptocurrencies such as Bitcoin and Ethereum.

The firm will provide each user with $100,000 in virtual money that they can be used to make simulated trades on its app based on real-life market quotes.

The move is expected to help users enhance their trading skills without risking their money or paying fees.

Qure.Finance CEO Igor Sheremet said that paper trading will help to enhance both the financial literacy and trading skills of the community.

 Sheremet said: “Today marks a new chapter in our company’s development, as we launch paper trading under our new brand name.

“Thanks to paper trading, our users will not only be able to receive trading insights from leading content creators, but also test them out in real life, free of charge, with no financial risks attached – all within a sleek and user-friendly interface.

“We are making investing solutions more accessible to everyone, regardless of their level of skills or financial resources.”

The company plans to paper trading functionality for Android users in the coming months.

The San Francisco-based firm was founded in 2020 to provide social-media style trading insights from global financial influencers to young investors.

This April, women-focused robo advisory platform Ellevest secured an investment of $53m in a Series B funding round to expand its offerings and product solutions.

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