News - On the Coronavirus Front

MUNICH Re and FRAUNHOFER grant awards for ideas for treatment of Covid-19

Against the background of the Covid-19 pandemic, MUNICH Re and the FRAUNHOFER-GESELLSCHAFT launched the Give a Breath Challenge in March of this year. They aim to promote innovative ideas that can help people who have contracted the new coronavirus, contributing their own expertise and networks, and funding totalling EUR 1 million.

UNIQA's employees gradually return to their job offices in Austria

Starting June 22, up to 25% of UNIQA employees return to their jobs in Austria. This is second phase in the process of the gradual return of employees to their office locations, after carefully ramping up the locations across the country for a few weeks.

VIG has invested in APEIRON Biologics AG

Austrian insurer VIG informed that APEIRON Biologics AG successfully performed its planned capital increase with subscription rights and private placement, raising EUR 11.9 million on 2 June 2020. "At around EUR 7 million, Vienna Insurance Group was the anchor investor in this round of financing. Vienna Insurance Group holds a direct interest of just over 3% in APEIRON".

WEF & Zurich: We are in the midst of an historic event that will change many aspects of the world we live in

"Increasing inequality, dramatically shifting consumer behaviors and a lockdown that is having a significant toll on young people's prospects, mental health and wellbeing are highly interdependent issues which impact the global economy, geopolitics and our societies in equal measure," commented John Scott, Head of Sustainability Risk and Zurich Insurance in the WEF & Zurich Insurance Covid-19 Risk report.

COVID-19: GENERALI donates 100,000 euros to the Fire Eye laboratory and the Government of the Republic of Serbia

GENERALI announced it donated EUR 100,000 to the Government of the Republic of Serbia to support the healthcare system in the fight against COVID-19 pandemic and to the Fire Eye laboratory for the purchase of lab supplies and equipment, hygiene and disinfection supplies, office supplies and furniture, for the workers' compensation and for the development of research and training potential.

Zurich UK welcomes FCA's announcement regarding business interruption caused by COVID-19

Zurich Insurance Group (Zurich) welcomes the announcement of the UK's Financial Conduct Authority (FCA) to test policy wordings from across the UK insurance industry in the UK High Court, with the aim of bringing clarity to policyholders and insurers over coverage issues relating to business interruption stemming from the unprecedented outbreak of the COVID-19 virus.

SCOR asks its shareholders to accept "zero" dividends for 2019

The Board of Directors of the French group SCOR has announced on May 25 that it will propose to the Shareholders' Meeting of June 16, that no dividend be distributed for the 2019 fiscal year and that the entire income for that year be allocated to distributable earnings.

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