Munich Re upscaling human rights due diligence using Verisk’s ESG risk analytics

LONDON, Jan. 17, 2023 (GLOBE NEWSWIRE) — Munich Re, a leading global provider of reinsurance, primary insurance and insurance-related risk solutions, has selected Verisk’s global risk analytics business, Verisk Maplecroft, to help it enhance human rights due diligence across the entire enterprise.

Using Verisk Maplecroft’s world leading Human Rights Risk Indices, which identify exposure to 31 civil, political and labour rights risks at national and subnational levels in 198 countries, Munich Re will upscale its ability to undertake global operational risk assessments, alongside factoring the data into its underwriting and investment decisions.

“Munich Re has always been committed to observe its duty of care on human rights along the value chain and has strived to prevent potential adverse impact on human rights arising from its business operations,” says Silke Jolowicz, Head of Sustainability at Munich Re. “To meet our strong internal requirements and the increasing legal obligations facing global business today we have decided to work with Verisk Maplecroft whose data will help us achieve these aims.”

Verisk Maplecroft has been measuring and analysing human rights risks for over 15 years. Its Human Rights Dataset is the only structured set of analytics covering the full range of rights the world over and is recognised as the benchmark for excellence in assessing these risks. The data has long been used by multinationals managing human rights risks in their operations and supply chains, and by asset managers and banks assessing and addressing their human rights risk exposure across complex global investment and lending portfolios. Adoption by insurers is the next step.

“As sustainability and ESG continue to quickly move more central into insurer’s strategic and operational thinking, we’re seeing increased attention from companies in the sector into how they can better manage human rights due diligence processes and wider ESG issues, such as climate change,” says Verisk Maplecroft President Matt Moshiri. “Munich Re is one of the first movers in this space and we are delighted to be working with them in their efforts.”

About Verisk Maplecroft

As organisations strive to understand and adapt to a fast-moving world, Verisk Maplecroft empowers them to put the environment, human rights and political risk at the heart of their decision-making. We do this by providing unparalleled intelligence on sustainability, resilience and ESG – stitching together these disparate issues into an interconnected global view, built upon objective insight and data. By thinking ‘big picture’ we capture what matters most to our partners; making positive outcomes possible in a time of change; helping people, business and societies become stronger; creating value with values. Verisk Maplecroft is a Verisk business (Nasdaq: VRSK).

For more information visit: www.maplecroft.com

About Verisk

Verisk (Nasdaq: VRSK) provides data-driven analytic insights and solutions for the insurance and energy industries. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk empowers customers to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global issues, including climate change and extreme events as well as political and ESG topics. With offices in more than 30 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit Verisk.com and the Verisk Newsroom.

About Munich Re

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The Group consists of the reinsurance and ERGO business segments, as well as the asset manager MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake through Hurricane Ida in 2021. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies or cyber risks. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.

Media contact:
Jason McGeown
Senior Director – PR
Verisk Maplecroft
E: jason.mcgeown@maplecroft.com
T: +44 (0) 7768 789567

GlobeNewswire Distribution ID 8729805

Yacht Club de Monaco: Croatian victory at the Monaco Optimist Team Race

MONACO, Jan. 17, 2023 (GLOBE NEWSWIRE) —  Victory of the Croatian team at the 13th Monaco Optimist Team Race. The team of four very young athletes from Sailing Club Uljanik in Pula finished the 4 days of competition on top of the podium, ahead of the United States and Spain.

“They have been sailing for at least a couple of years. We work hard, we really like the team race. Last year we lost against the United States so this gave us the energy to come back this year and show that we can beat them. It’s an incredible satisfaction. We’re going to rest for 7 days and then we have a regatta in Torrevieja in Spain. At the end of winter we still have a few events scheduled and then we stop before the races in Croatia to qualify for the European and World Cup”, said Dario Kliba, Croatian Team coach.

The international sailing competition sees the best under 14 teams in the category put to the test and is organized by the Yacht Club de Monaco with the support of FxPro, the Slam technical clothing brand, the Erplast shipyard and Peace and Sport. Sixteen nations and 64 sailors under 14 gathered in the Principality for this event.

“It is a very important event for us. First of all it is held in winter and we host very young people who come from 16 countries so it is an opportunity to transmit our values, educate young people and not only make them improve at sailing but also to carry on teachings that come in handy in life”, added the YCM general secretary, Bernard d’Alessandri.

The competition was born about 12 years ago on an idea of bringing together the clubs with which the Yacht Club de Monaco has twinning or reciprocity relationships. It is a unique event of its kind, a sort of regatta without frontiers, which is based above all on the values of cohesion and sharing. The 14th Monaco Optimist Team Race will take place from January the 10th to January the 14th 2024.

For more information:

LaPresse SpA Communication and Press Office Director
Barbara Sanicola barbara.sanicola@lapresse.it

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fc59051d-4a03-4fb5-bedf-987cea88130b

GlobeNewswire Distribution ID 8730968

Hospitality Technology Pioneer HotelRunner Snaps $6.5 Million Investment to Accelerate Global Growth

HotelRunner, the fast-growing global hospitality and travel technology provider, announced today the closing of their $6.5 million Series A round. New and existing investors including 212, Wix Capital, Founders Factory, Ascension Ventures, DHM, and a series of travel and technology veterans and angel investors who also joined the advisory board of the company, Gerry Samuels, Melih Odemis, Daniel King, and Niels Gron participated in the round.

Hospitality Technology Pioneer HotelRunner Snaps $6.5 Million Investment to Accelerate Global Growth

Hospitality Technology Pioneer HotelRunner Snaps $6.5 Million Investment to Accelerate Global Growth

LONDON, Jan. 17, 2023 (GLOBE NEWSWIRE) — HotelRunner underpins the world’s hospitality industry with its unified sales, operations, and distribution management platform, AI-driven business intelligence solutions, and market network. Expanding over the globe in 193 countries and with thousands of clients, HotelRunner enables properties, whether resort hotels or independent properties and vacation rentals, to run full-scale digital operations, while its B2B network allows its partners to find, connect, and transact with each other online at scale, processing more than 35 million transactions daily between properties, travel agencies, travelers, and payment gateways.

Headquartered in London, HotelRunner has already become an acknowledged success story with over 100 team members in five cities and three countries, growing fast despite the turmoil in the hospitality industry and global markets. With the ambition of democratizing the usage of technology for hospitality and travel businesses in every corner of the world, HotelRunner continues to be a profitable company thanks to its agility, and adaptive technology providing sustainable growth opportunities for its partners.

This $6.5 million financing will be directed towards continuing to build a solid presence in offline markets, growing the team, and investing heavily in delivering state-of-the-art technology. HotelRunner plans to continue its global expansion, inaugurating the new offices in Americas in the coming months, which will unlock the potential to bring scalable and low-cost growth opportunities for the hospitality industry in the US and LATAM. Having made two acquisitions in the past, the company also has eyes on consolidating the fragmented travel technology industry in different markets by continuing its acquisitions spree.

“Since the day we founded HotelRunner, we draw our strength from our conquering technology and trailblazing persona, and work with the sole ambition of moving our partners and the industry forward, also preparing them for the future,” said Arden Agopyan, Founder and Managing Partner of HotelRunner. “This funding will provide us with the extra means to significantly further our efforts to realize our mission of offering a global networked marketplace where all travel industry players can participate fairly, and trade seamlessly with each other.”

“We take pride in being the trusted technology and sales partner that has been shaping the outlook of the industry for over a decade with our power to adapt quickly in turbulent environments. Raising this capital is the pure validation of HotelRunner’s recession-proof growth model,” added Ali BeklenFounder and Managing Partner of HotelRunner. “We will further excel our pioneering platform and continue building a bigger travel economy for every player in the global ecosystem.”

“We take great pleasure in partnering with companies inventing technologies and business models transforming the industries globally,” said Numan NumanFounding Partner of 212. “HotelRunner has always had a passion for growing the travel economy and democratizing the usage of technology, which is why we have supported Ali and Arden throughout their entire journey since the inception of the company. Witnessing what they have achieved so far, we can’t help but get excited about the potential HotelRunner promises to the entire world.”

“Wix’s partnership with HotelRunner is another step in creating the go-to solution for businesses to manage their operations and grow efficiently,” said Darya FuksHead of Corporate Development at Wix.

Last June, HotelRunner and Wix announced a strategic partnership and combined Wix’s comprehensive online platform with HotelRunner’s end-to-end travel technology offering a complete solution for all types of accommodations to manage and grow their hospitality business online.

Contact Information:
Suheyla van Taarling
Head of Brand
suheyla@hotelrunner.com

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2023: Your Investment Year for Dominica

Roseau, Jan. 17, 2023 (GLOBE NEWSWIRE) — The Caribbean’s Dominica island remains a popular travel destination for many reasons, but it is known as one of the best investment options for keen investors. It’s beautiful beaches and tourist destinations are well-known, but the island is also home to some of the best investment opportunities. The entire country has a history of being an economically stable island that continues to stay in that state due to its friendly policies on foreign investments.

What investment options are available in Dominica?

Investing in Dominica can be done through stocks, mutual funds, bonds and money market instruments.

Dominica also offers investors a Citizenship by Investment (CBI) programme. With this option, investors can make a substantial contribution to the country’s Economic Diversification Fund (EDF), a government fund that supports socio-economic initiatives in Dominica. Investors may also opt to invest in real estate, and applicants to the CBI programme are required to purchase government-approved property which must be held for a minimum of three years.

Launched in 1993, the CBI programme has been ranked as the number one CBI initiative for five consecutive years by the CBI Index. This is a ranking system published by the Financial Times’s Professional Wealth Management (PWM) magazine.

Why invest in Dominica’s Economic Diversification Fund (EDF)?

The Dominica Economic Diversification Fund is a new investment opportunity that can yield high returns. By investing in this fund, you will help the country diversify its economy, stimulating economic growth and job opportunities for the people of Dominica. Dominica’s Economic Diversification Fund supports projects such as the Dominica Agro-processing and marketing venture, the Cashew Nut Processing and Marketing Venture, commercial agriculture, the Dominica Flower Growers Association, private sector integration, and marine industry sectors such as tuna fishing enterprises. An island country in the Caribbean, Dominica is a sovereign nation and has a population of 71,000. It is also the youngest country in the Americas.

Is investing in Dominican real estate a good idea?

Investing in property is a common investment that has historically been associated with long-term wealth. The real estate market is a highly lucrative industry with many benefits for those who are willing to invest in it.

Demand for Dominican real estate appears to be growing as the Secret Bay Resort celebrates its 100th return on investment (ROI) payout to CBI investors. In just over a year, the company has seen more than 2,000 investors invest more than $5 million in their resort and is expecting over $100 million in investment payouts by the end of this year.The six-star property operates under Dominica’s Citizenship by Investment (CBI) Programme, enabling wealthy investors to purchase a share in exchange for second citizenship through the country’s CBI programme.

This year will also mark the 10th anniversary since Secret Bay opened its doors. Over the last decade the property has been celebrated in some of the world’s most prestigious travel and lifestyle publications including Travel + Leisure, CNN and Architectural Digest. Secret Bay also boasts being the only CBI property to be awarded the Green Globe certification – the highest standard for sustainability worldwide.

There has been an increasing number of properties for sale on the island that have a global appeal. The island’s tourism product has skyrocketed over recent years as internationally renowned hoteliers like Marriott and Hilton have flocked to Dominica to set up operations. Aside from mainstream tourism, Dominica has become a regional leader in eco-tourism. Properties like Jungle Bay and the highly anticipated Sanctuary Rainforest resort offer holidaymakers and investors a balance between a luxury experience whilst still championing sustainability.

What is the Dominica Citizenship by Investment Program?

The Dominica CBI Program offers investors an opportunity to become a citizen of Dominica. The country has been offering this program since the 1990s. The initiative was started by the then-president of Dominica, Patrick John, to boost the economy and provide more jobs for its citizens.

The CBI program was created with the intention of attracting foreign direct investment and boosting tourism. Apart from making it easier for investors to do business in Dominica, it also provides astute investors with more opportunity a to escape any political instability or economic downturns that may be taking place in their home countries.

Why should you apply for Dominica Citizenship by Investment?

Dominica CBI is an opportunity for you to get a second citizenship in the Caribbean. It could be a great opportunity for you and your family to enjoy the benefits of having dual citizenship.

Dominica is a small island country located near the Caribbean Sea. It has beautiful beaches, lush green forests, and amazing waterfalls. The country has been ranked as one of the most desirable places to live in the world.

In addition, Dominica offers many opportunities for its citizens such as free education, free healthcare, and many more benefits. Dominica is also one of only two countries that offers visa-free travel to over 130 countries around the world!

The government of Dominica has also reduced the income tax rate for residents to 35%. Additionally, those who are employed abroad may be eligible for the benefits of a lower income tax rate.

Dominica has been attracting investors through its pro-business policies which are helping it to become one of the most competitive destinations in the Caribbean region. Citizens enjoy a high quality of life because the country has a stable economy, low crime rates, and low levels of corruption. It is also a great option for investors looking for an easy and secure process.

How to apply for citizenship in Dominica?

The Dominica CBI Programme is open to all foreign investors who are willing to make a contribution as either a single applicant or as a family. All applicants must be vetted by the Citizenship Advisory Committee and meet certain criteria before they can be granted citizenship. See here for more information on specific requirements.

CS Global Partners: your access to Dominica

The Dominican government is making a lot of effort to attract investors and make the country more attractive for business. To support these efforts, it has provided a government mandate to CS Global Partners, a company with a rich history that offers CBI services to investors. Having been operating for over 10 years, it has an excellent reputation in the market.

PR Dominica
Commonwealth of Dominica
001 (767) 266 3919

GlobeNewswire Distribution ID 8730121

Copenhagen Infrastructure Partners and Statkraft team up to develop 2.2GW of offshore wind in Ireland

COPENHAGEN, Denmark, Jan. 17, 2023 (GLOBE NEWSWIRE) — Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure IV K/S (CI IV), has acquired 50% of Statkraft A/S’s offshore wind portfolio in Ireland. Norwegian based Statkraft A/S, a European generator of renewable energy, is a leading developer and operator in Ireland. The financial terms of the transaction are not disclosed.The acquired portfolio, with an expected capacity of 2.2GW, includes four early to mid-stage offshore wind development projects off Ireland’s east and southeast coast in the Irish Sea. The projects involved are the North Irish Sea Array, or NISA, and the Bore Array with a combination of fixed bottom and floating offshore foundations. Ireland has distinct geographical advantages for offshore wind development with some of the highest average wind speeds in Europe and a vast maritime area.

The Irish Government has set a 2030 target of 7GW of installed offshore wind requiring rapid deployment and delivery of the currently most mature development projects, which includes the 500MW flagship project in the portfolio, North Irish Sea Array I (NISA I). NISA I is eligible to bid into the Irish Government’s first Offshore Renewable Electricity Support Scheme auction (ORESS) in 2023.

The projects are expected to be among the first commercial scale offshore wind projects in Ireland with commercial operations expected to commence in 2028. Statkraft and CIP expect to invest more than 4 billion EUR in the market before 2030.

The Statkraft and CIP partnership enables Statkraft’s long standing local presence in Ireland and CIP’s international offshore wind investment, development and construction experience to be fully utilized through a combination of an integrated organization in Ireland and CIP’s central teams. As the exclusive offshore wind development partner to CIP, Copenhagen Offshore Partners will co-lead project development activities.

Nischal Agarwal, Partner in CIP says: “We are very pleased to be entering the Irish offshore market and look forward to developing these exciting projects together with Statkraft. In combining CIP’s industrial background and international experience within offshore wind with Statkraft’s experience of Irish renewables the partnership will enable the provision of renewable power to Irish homes and businesses and contribute to reaching the governments ambitious decarbonisation targets.”

Kevin O’Donovan, MD of Statkraft Ireland, said: “This partnership brings together two industry heavyweights with the resources and expertise to harness the power of our offshore wind. While today’s deal is significant for Statkraft, it also signals a giant leap forward for the country. The clean energy we can deliver from these projects will not only power our own homes and businesses; it also has the potential to make Ireland a world leader in renewable energy exports.”

Completion of the transaction is subject to certain statutory approvals.

About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focuses on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.

CIP manages ten funds and has to date raised approximately EUR 19 billion for investments in energy and associated infrastructure from more than 140 international institutional investors. CIP has approximately 400 employees and 11 offices around the world. For more information, www.cip.com

About Statkraft
Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 5,000 employees in 20 countries.

For further information, please contact:

Copenhagen Infrastructure Partners
Simon Mehl Augustesen, Chief Communication & Marketing Officer
Phone: +45 30526721
Email: siau@cip.dk

Thomas Kønig, Partner – Investor Relations,
Phone: +45 7070 5151, Email: tkon@cip.dk

Statkraft Ireland                                                
Joanne O’Connor
Communications Manager                                        
Phone +353 87 1898660
Email: joanne.oconnor@statkraft.com

GlobeNewswire Distribution ID 1000777510

Metalpha Technology Holding Limited to Expand its Presence in Digital Asset Wealth Management

Metalpha is focused on serving institutional investors and high-net-worth individuals, while also emphasizing its commitment to transparency and regulatory compliance

Photo of CEO

CEO, Adrian Wang

HONG KONG, Jan. 17, 2023 (GLOBE NEWSWIRE) — Dragon Victory International Limited (NASDAQ: LYL) announces it has officially changed its name to Metalpha Technology Holding Limited (NASDAQ: MATH) (the “Company”). The Company has also successfully completed restructuring with Antalpha Technologies Limited (“Antalpha”).

Upon completion of the reorganization, Metalpha Limited (“Metalpha”) will become a wholly-owned subsidiary of the Company. Established in 2021, Metalpha is a leading digital assets wealth management company headquartered in Hong Kong. The company works with clients to create tailor-made instruments that enable sophisticated investors to establish or liquidate investment positions or undertake hedging strategies.

This reorganization demonstrates a high level of confidence that the Company’s management team has in Metalpha’s ability to increase its presence and develop a competitive advantage under the current market conditions. The reorganization is intended to pave the way for new opportunities for Metalpha to become a global leader in digital asset wealth management. Metalpha employs finance talents with deep experience in derivatives and structured products, many of whom formerly worked at industry-leading banks such as Goldman Sachs, Morgan Stanley, and UBS.

“The crypto industry continues to have room for growth, despite its challenges this year. We are looking very closely at how to build a stronger and healthier global market for digital assets, which we are doing together with our partners, such as Antalpha, and many others,” said Founder and CEO Adrian Wang.

Metalpha aims to provide customers with high-quality product design and trading capabilities in the industry and is committed to delivering the best structured derivative products to cryptocurrency market participants. The company does not offer services to Mainland China and pursues the highest level of compliance standards in every jurisdiction it operates in.

Looking ahead, the Company will actively work with regulators on various compliance measures and plans to invest in supporting public education in blockchain technology and hiring more personnel at its headquarters in Hong Kong.

About Metalpha Limited

Established in 2021, Metalpha Limited is a global digital assets wealth management company headquartered in Hong Kong. The company hires top talents from Wall Street banks and provides crypto derivative products to institutions, which include exchanges, miners, funds, family offices, etc. Backed by both Metalpha Technology Holding Limited (NASDAQ: MATH) and Antalpha Technologies Limited, the company is one of the largest derivatives traders in Asia.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including the further spread of the COVID-19 virus or new variants thereof, or the occurrence of another wave of cases and the impact it may have on the Company’s operations and the demand for the Company’s services, and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and its other filings with the U.S. Securities and Exchange Commission.

Contact

Sissy Wang
info@metalpha.finance

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f833b6db-cfdf-45f7-8153-47657357042f

GlobeNewswire Distribution ID 8730701