Global specialty insurer, Mosaic Insurance, has announced a restructure of roles across its underwriting and operational teams, in a move that is anticipated to drive growth within its agency business, effective immediately. This includes, Liam Jones becoming Agency CEO, where he will oversee strategic vision, growth, profitability, and operational excellence of the specialty insurers agency
Envestnet Portfolio Solutions Inc. lifted its position in Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU) by 56.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,636 shares of the oil and gas producer’s stock after acquiring an
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Texas Permanent School Fund Corp boosted its stake in Enphase Energy, Inc. (NASDAQ:ENPH – Free Report) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,065 shares of the semiconductor company’s stock after buying an additional 452 shares during the period. Texas
By Eric Onstad PARIS (Reuters) – Many companies are reluctant to invest in critical minerals and energy transition projects due to uncertainty about consumer demand for EVs and government commitment to zero-carbon goals, industry players said. The long-term picture is intact of a world needing large quantities of materials such as lithium, cobalt and copper
The French Government has submitted its final National Energy and Climate Plan (NECP) to the European Commission, targeting 41.3% of renewables in final energy consumption in 2030. Specifically, France aims for a level of final energy consumption reaching 1,381 TWh by 2030, including 570 TWh of renewables. In 2030, the country’s PV capacity is expected to reach 54-60
Union Finance Minister Nirmala Sitharaman will present the Budget 2024 on Tuesday, July 23, amid high hopes for a pro-growth Budget, which may also include populist measures aimed at boosting consumption and the rural sector economy. Experts are largely convinced that the government will not shift its focus away from fiscal consolidation. Moreover, it may
By Tim Cocks PRETORIA (Reuters) – South Africa’s President Cyril Ramaphosa warned other developing nations on Monday that future carbon taxes proposed by rich countries would damage their economies unless they act swiftly to ditch fossil fuels in favour of green energy. Addressing a National Treasury and World Bank climate change conference in the capital
ChromaWay, the platform behind relational blockchain, announced its partnership with the European Union (EU) will continue, as per the latest updates shared with Finbold on July 15. Focusing on blockchain-based sustainability solutions, the renewed partnership comes after a presentation at the EU PCP final review meeting, held in collaboration with the European Blockchain Services Infrastructure
Some insurance companies may have to make a change to how they settle certain kinds of home damage claims in Michigan next year. In many cases, insurance companies pay actual replacement costs for property damage claims. But if the homeowner decides to take what’s called Actual Cash Value instead, the company often depreciates or discounts