CATHAY FINANCIAL


Associated tags: FHC, Cathay United Bank, Cathay, Climate, Climate change, Airline, WCF, Insurance, Renewable energy, COP28, Carbon, Biodiversity

Locations: NEW YORK, CALIFORNIA, ASIA, EGYPT, TAIWAN

JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan

Retrieved on: 
Friday, April 26, 2024

TOKYO & TAIWAN, Apr 26, 2024 - (JCN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, in cooperation with Cathay United Bank, is pleased to announce the launch of a contactless payment service at 18 stations on the Taichung MRT Green Line from April 25, 2024.

Key Points: 
  • TOKYO & TAIWAN, Apr 26, 2024 - (JCN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, in cooperation with Cathay United Bank, is pleased to announce the launch of a contactless payment service at 18 stations on the Taichung MRT Green Line from April 25, 2024.
  • With this service, users simply tap their JCB Contactless-enabled card or mobile device at the Taichung MRT fare gates.
  • The Taichung MRT Green Line is the first MRT in Taichung City which opened to the public in 2021.
  • It is 16.71 km long and connects 18 stations from Beitun Main Station to HSR Taichung Station.

Generali Completes Acquisition of Conning

Retrieved on: 
Wednesday, April 3, 2024

Conning Holdings Limited (Conning and its Affiliates1), a leading global asset manager serving the needs of insurance company and institutional clients, today announced that its acquisition by Generali Investments Holding S.p.A. (GIH), an entity comprising the majority of asset management activities of Generali Group (Generali), has closed.

Key Points: 
  • Conning Holdings Limited (Conning and its Affiliates1), a leading global asset manager serving the needs of insurance company and institutional clients, today announced that its acquisition by Generali Investments Holding S.p.A. (GIH), an entity comprising the majority of asset management activities of Generali Group (Generali), has closed.
  • "We are excited to embark on this long-term partnership with Generali, with identified growth areas and synergies in mind and to leverage our shared insurance industry heritage," said Woody Bradford, Chief Executive Officer and Chair of the Conning Holdings Limited Board.
  • Conning and its Affiliates will continue to execute their growth strategies with support from their continuing owner, Cathay Life Insurance Co. Ltd. (Cathay) and new owner Generali.
  • 1 Conning, Inc., Octagon Credit Investors, LLC, Global Evolution Holding ApS and its group of companies, Pearlmark Real Estate, L.L.C., PREP Investment Advisers, L.L.C., Goodwin Capital Advisers, Inc., Conning Investment Products, Inc., a FINRA-registered broker-dealer, Conning Asset Management Limited, and Conning Asia Pacific Limited

Cathay Financial Holdings Announces Its Digital Users Surpass 8.6 Million, Making Customers the Biggest Winners of Digital Transformation

Retrieved on: 
Thursday, October 5, 2023

TAIPEI, Oct. 5, 2023 /PRNewswire/ -- As technology reshapes financial institutions worldwide, companies with strong technological capabilities are positioned to take the lead. Underscoring this important role technology is playing, Cathay Financial Holdings (Cathay FHC) recently held its Annual Conference on Technology on September 20, centering on the theme of "Integrating Technology for an Inclusive New Intelligence." Attracting over 2,000 participants both online and offline, this year's Conference focused on the "ABCDEs" of major technologies and trends — AI, Blockchain, Cloud, Data, and Ecosystems.

Key Points: 
  • He also mentioned that digital transformation is an "endurance race with constantly changing goals and no finish line."
  • Having begun its major push for digital transformation eight years ago with the Digital Data and Technology Development Center (DDT), Cathay FHC has been empowering the digital, data, and technology sectors for some time.
  • As a result of these efforts, the total digital users across all businesses under the Cathay Group now exceed 8.6 million.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/cathay-financial-holdings-annou...
    SOURCE Cathay Financial Holdings Co., Ltd.

Cathay Financial Holdings Demonstrates Sustainable Finance Leadership at World Biodiversity Summit during New York Climate Week alongside UNGA78

Retrieved on: 
Wednesday, September 27, 2023

Cathay Financial Holdings (Cathay FHC) is closely monitoring emerging environmental trends, supporting international biodiversity initiatives, and taking concrete actions in its operations, financial products, and investments.

Key Points: 
  • Cathay Financial Holdings (Cathay FHC) is closely monitoring emerging environmental trends, supporting international biodiversity initiatives, and taking concrete actions in its operations, financial products, and investments.
  • Furthermore, Cathay FHC's Chief Investment Officer, Sophia Cheng, once again engaged in discussions with leaders from various sectors at the "World Biodiversity Summit (WBS)," held alongside the 78th United Nations General Assembly's New York Climate Week.
  • Cathay FHC is proud to be the first Taiwanese company invited to participate for the second consecutive year, once again showcasing its leadership role in sustainability to the world.
  • Cheng shared how Cathay FHC has expanded its influence in sustainable finance through participation in international initiatives.

Cathay Financial Holdings President Holds Discussions with The Climate Group on Net-Zero Experience and Challenges

Retrieved on: 
Wednesday, August 2, 2023

TAIPEI, Aug. 2, 2023 /PRNewswire/ -- During London Climate Week, Chang-Ken Lee, the president of Cathay Financial Holdings (Cathay FHC), visited the Climate Group's headquarters in London, where he met with Mike Peirce, Executive Director, Systems Change of the Climate Group, Sam Kimmins, Director of Energy of the Climate Group and Head of RE100, and Oliver Wilson, RE100 Lead. They engaged in fruitful discussions, exchanging valuable insights on achieving net-zero carbon emissions by 2050, not only for Taiwan but also for the broader Asia region.

Key Points: 
  • The Climate Group has expressed appreciation and recognition for Cathay FHC's unwavering commitment and contributions towards promoting 100% renewable energy adoption.
  • The Climate Group looks forward to collaborating with Cathay FHC and applauds their dedication to creating a greener and more sustainable Taiwan.
  • As the first financial institution in Taiwan to join RE100, Cathay FHC demonstrates a steadfast commitment to combat climate change and envisions a collaborative journey with the Climate Group towards building a greener and more resilient future.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/cathay-financial-holdings-presi...
    SOURCE Cathay Financial Holdings Co., Ltd.

Cathay Financial Holdings Leads the Way in Climate Action

Retrieved on: 
Friday, July 7, 2023

TAIPEI, July 7, 2023 /PRNewswire/ -- Cathay Financial Holdings (Cathay FHC) has consistently played a leading role in promoting climate action, setting a precedent for the industry in Taiwan and worldwide. As the inaugural global strategic partner of the World Climate Foundation (WCF) in 2023, Cathay FHC extended a special invitation to Jens Nielsen, the CEO of WCF, to participate in the 7th Cathay Sustainable Finance and Climate Change Summit, which took place on July 4th in Taipei. The primary focus of this event was to foster meaningful discussions on the latest international climate trends. Through collaborative efforts, the summit aimed to strengthen Taiwan's reputation and influence in the ongoing transition towards achieving net-zero emissions and promoting sustainable finance.

Key Points: 
  • TAIPEI, July 7, 2023 /PRNewswire/ -- Cathay Financial Holdings (Cathay FHC) has consistently played a leading role in promoting climate action, setting a precedent for the industry in Taiwan and worldwide.
  • Organized in collaboration between Cathay FHC and the Taiwan Stock Exchange, the summit achieved a remarkable milestone in registrations this year.
  • Cathay FHC has been committed to climate finance practices for a long time, pioneering the field in the Taiwan financial industry.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/cathay-financial-holdings-leads...
    SOURCE Cathay Financial Holdings Co., Ltd.

The President of Cathay Financial Holdings became the first Taiwan speaker at Climate Investment Summit

Retrieved on: 
Tuesday, July 4, 2023

TAIPEI, July 4, 2023 /PRNewswire/ -- The President of Cathay Financial Holdings (Cathay FHC) Chang-Ken Lee made history as the first representative from Taiwan to address at the prestigious Climate Investment Summit, taken place on 6/28 at London Stock Exchange. Lee's presence at the summit marked a significant milestone, effectively showcased the company's unwavering commitment to climate action and underscored its burgeoning influence in the global sustainable finance map.

Key Points: 
  • TAIPEI, July 4, 2023 /PRNewswire/ -- The President of Cathay Financial Holdings (Cathay FHC) Chang-Ken Lee made history as the first representative from Taiwan to address at the prestigious Climate Investment Summit, taken place on 6/28 at London Stock Exchange.
  • Climate Investment Summit, organized by World Climate Foundation (WCF), is the globally leading event for the acceleration and deployment of investments in global climate solutions, to ensure an energy secure and sustainable future for all.
  • Throughout the summit, there is a strong emphasis on the significance of expediting collaboration across sectors and regions to accomplish climate objectives.
  • "To mitigate and adapt to climate change and its threats, we need substantial financial resources and support from all stakeholders.

Cathay Life Celebrates Fifth Celent Model Insurer Award

Retrieved on: 
Friday, April 28, 2023

TAIPEI, April 28, 2023 /PRNewswire/ -- Cathay Life Insurance has once again been recognized for its expertise, taking home the company's fifth Model Insurer Award from Celent, the global consulting and research company. As an authoritative consulting organization in the financial technology industry, the Celent Model Insurer Award is one of the highest industry honors that can be received.

Key Points: 
  • TAIPEI, April 28, 2023 /PRNewswire/ -- Cathay Life Insurance has once again been recognized for its expertise, taking home the company's fifth Model Insurer Award from Celent, the global consulting and research company.
  • As an authoritative consulting organization in the financial technology industry, the Celent Model Insurer Award is one of the highest industry honors that can be received.
  • Pertaining to system and data, the Cathay Eye Intelligent Risk Control Model provides a brand-new risk classification method for the life insurance industry.
  • "The Model Insurer Award aims to commend insurance companies for using technology to change the face of the insurance industry, and Cathay Life's Cathay Eye model is a successful case worthy of reference by the industry.

Cathay Financial Holdings, World Climate Foundation's First Global Strategic Partner in 2023, Aiming to Accelerate Climate Finance Beyond Taiwan

Retrieved on: 
Friday, April 7, 2023

As WCF's first committed global strategic partner in 2023, Cathay FHC is continuing its long-running dedication to accelerating and implementing climate finance.

Key Points: 
  • As WCF's first committed global strategic partner in 2023, Cathay FHC is continuing its long-running dedication to accelerating and implementing climate finance.
  • Cathay FHC live-streamed WCF's major event—the World Climate Summit, which took place in Egypt's Sham El Sheikh, alongside COP27.
  • The World Climate Foundation is the biggest and most influential global platform focused on action and impact on climate, biodiversity, and healthy resilience.
  • As a pioneering frontrunner teaming up with WCF, Cathay FHC hopes to encourage and influence more in-depth climate actions across sectors.

Cathay Financial Holdings, World Climate Foundation's First Global Strategic Partner in 2023, Aiming to Accelerate Climate Finance Beyond Taiwan

Retrieved on: 
Friday, April 7, 2023

As WCF's first committed global strategic partner in 2023, Cathay FHC is continuing its long-running dedication to accelerating and implementing climate finance.

Key Points: 
  • As WCF's first committed global strategic partner in 2023, Cathay FHC is continuing its long-running dedication to accelerating and implementing climate finance.
  • Cathay FHC live-streamed WCF's major event—the World Climate Summit, which took place in Egypt's Sham El Sheikh, alongside COP27.
  • The World Climate Foundation is the biggest and most influential global platform focused on action and impact on climate, biodiversity, and healthy resilience.
  • As a pioneering frontrunner teaming up with WCF, Cathay FHC hopes to encourage and influence more in-depth climate actions across sectors.