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January 9, 2017

Whether the decision for moving to a foreign country is based on economic opportunities, on  getting access to international education, or on retiring to a warmer climate, a growing number of wealthy clients today have lived in more than one country.     

As a result, they have geographically diversified portfolios and want the flexibility to move assets and wealth easily between countries. Highly mobile entrepreneurs have real estate in multiple cities and rarely have a single bank account. In this context, there is a growing demand for high-end cross-border insurance solutions.

Whether the decision for moving to a foreign country is based on economic opportunities, on  getting access to international education, or on retiring to a warmer climate, a growing number of wealthy clients today have lived in more than one country.     

June 3, 2014

Setting up a new microfinance division at her family’s Lebanon-based insurance business, Commercial Insurance, gave third-generation Coralie Zaccar a golden opportunity to combine her financial background with her passion for social entrepreneurship, making sure even the poorest in society have a safety net. 

Setting up a new microfinance division at her family’s Lebanon-based insurance business, Commercial Insurance, gave third-generation Coralie Zaccar a golden opportunity to combine her financial background with her passion for social entrepreneurship, making sure even the poorest in society have a safety net. 

 

November 25, 2013

Peter Lewis, the second-gen US businessman who transformed Progressive Corporation into a multi-billion dollar company has died at his home in Florida over the weekend.

Peter Lewis, the second-gen US businessman who transformed Progressive Corporation into a multi-billion dollar company has died at his home in Florida over the weekend.

The eccentric billionaire became chief executive of the car insurer in 1965 and held the post for 35 years. He remained chairman until his death.

Lewis’s father, Joseph Lewis, co-founded the company in 1937 with Jack Green. Joseph had been grooming his son to take over, but died suddenly while Lewis was still a junior at Princeton University.

April 26, 2012

Powell Brown, the next-gen member at insurance group Brown & Brown, has returned to the helm of the family business following almost three months of medical leave.

Powell Brown, the next-gen member at insurance group Brown & Brown, has returned to the helm of the family business following almost three months of medical leave.

On 25 April, 40-year-old Powell was reinstated as president and chief executive of the Daytona Beach, Florida-based group, which is the seventh largest insurance provider in the US.

January 30, 2012

The Ligresti family has ended its control of Italy’s second-largest insurance group Fondiaria SAI, in a bid to restructure the insurer’s assets.

The Ligresti family has ended its control of Italy’s second-largest insurance group Fondiaria SAI, in a bid to restructure the insurer’s assets.

According to a statement released on 29 January, the family agreed on a deal that will see rival Unipol increase the capital of Premafin by €400 million.

Premafin is the holding company through which the Ligrestis control Fondiaria SAI, as it owns 38.5% of the insurance group.

October 19, 2011

Carl Lindner Jr, who first transformed his family’s dairy business into a large chain before branching out to form financial services company American Financial Group, died on 17 October aged 92.

Carl Lindner Jr, who first transformed his family’s dairy business into a large chain before branching out to form financial services company American Financial Group, died on 17 October aged 92.

Lindner’s career began in 1940 when he joined his parents’ cash-and-carry dairy market business at the age of 21. He was instrumental in expanding the milk delivery company into a chain of convenience stores.

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