Daily Archives: Saturday, September 7, 2019

Markel launches new retrocessional ILS fund manager Lodgepine Capital

US insurance holding company Markel has launched Lodgepine Capital Management – its new retrocessional insurance linked securities fund manager (retrocessional ILS fund manager) in Bermuda, along with a reinsurance company called Lodgepine Re. The initial product offering of Lodgepine Capital Management will be the Lodgepine Fund, a property catastrophe retrocessional investment fund ahead of the […]

Herbalife Nutrition inaugurates water ATM project in Kithiganur, Karnataka

Global nutrition company Herbalife Nutrition has inaugurated a water ATM project in Kithiganur village in the southern Indian state of Karnataka. The safe drinking water project is a Water ATM and Reverse Osmosis (RO) system based water purifying plant that will help more than 2,500 families and five schools in the region. The water ATM […]

Prudential to acquire online insurance startup Assurance IQ for $2.3bn

Prudential acquisition of Assurance IQ : US financial services giant Prudential Financial has signed a deal worth $2.35 billion to acquire Assurance IQ, an online insurance startup based in Bellevue, Washington. Assurance IQ will be paid the amount upfront and will also be eligible to an additional earnout of up to $1.15 billion in the […]

Hydrite Chemical to display new food processing technologies at Process Expo 2019

Hydrite Chemical, a US chemicals and related services manufacturer and supplier, will showcase its new food processing technology solutions Hydri-Vision and HydriPet at Process Expo 2019, which will be held from October 8 to 11, at Chicago’s McCormick Place Convention Center. Hydri-Vision is a patent-pending inline system for collecting, analyzing, and documenting parameters of cleaning, […]

Californian commercial bakery Global Bakeries acquires Better Baking

Global Bakeries acquisition of Better Baking : Global Bakeries, a commercial bakery based in California led by Surge Private Equity, has acquired Better Baking for an undisclosed price. Financing for the acquisition was provided by The Firmament Group, as per the latest food acquisition news. Better Baking, which is based in Van Nuys, California, has […]

Arctic LNG 2 Project in Russia moves ahead with final investment approval

Arctic LNG 2 Project : Novatek, Total and the other participants have approved the final investment decision (FID) for a liquefied natural gas (LNG) development on the Gydan peninsula in the Russian Arctic region, as per the latest Russian oil and gas industry news. Arctic LNG 2 Project capacity The project Arctic LNG 2 with […]

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