MEAG

Munich Re Life US and Clareto Usher in Next-Level Efficiency in Life Insurance Underwriting with Automated EHR Summarizer

Retrieved on: 
Tuesday, April 23, 2024
Technology, Other Professional Services, Health, Finance, Apps, Applications, Professional Services, Other Technology, Software, Data Analytics, Health Technology, Fintech, Health Insurance, Electronic Design Automation, Data Management, Ecosystem, FHIR, AI, Hurricane Ian, Machine learning, EHR, Electronic health record, MEAG, Insurance, Partnership, Intelligence, Patient, Risk assessment, Algorithm, Automation

“Automated EHR Summarizer helps life insurance carriers further align with customer expectations by enabling fast and accurate decision-making,” said June Quah, Vice President, Integrated Analytics, Munich Re North America Life. “This product leverages our leadership in risk assessment, technical expertise in data analytics—including artificial intelligence and natural language processing techniques--and access to an unparalleled EHR network to push the boundaries of digital transformation in the industry.”

Key Points: 
  • Automated EHR Summarizer extracts and normalizes EHR data directly from the source, highlights key points essential to underwriters and provides triage guidance.
  • “Automated EHR Summarizer helps life insurance carriers further align with customer expectations by enabling fast and accurate decision-making,” said June Quah, Vice President, Integrated Analytics, Munich Re North America Life.
  • Automated EHR Summarizer identifies clean EHR data that can bypass human review and save time.
  • Flexibility for automated underwriting: As the industry shifts to automated decisioning, Automated EHR Summarizer is optimized for use in rule engines and scoring models.

HSB Introduces Cyber Insurance for Autos

Retrieved on: 
Tuesday, March 26, 2024
Online Privacy, Technology, Professional Services, Automotive, General Automotive, Vehicle Technology, IOT (Internet of Things), Security, Apps, Applications, Software, Other Automotive, Networks, Mobile, Wireless, Hardware, Insurance, Off-Road Trucks & SUVs, Data Management, Cyberattack, Cybercrime, Risk management, Communication, SUV, Internet of things, Risk, Vehicle, Transport, Virus, Computer, Hurricane Ian, Identity theft, Superior, HSB, MEAG, Engineering

HSB Cyber for Auto is designed to cover attacks on personal data that is connected and stored in a vehicle.

Key Points: 
  • HSB Cyber for Auto is designed to cover attacks on personal data that is connected and stored in a vehicle.
  • HSB’s Cyber for Auto will be available1 through an endorsement to the policies of insurance companies that partner with HSB.
  • 1 The Cyber Security for Automobile Insurance offering described above has not been approved by any state insurance departments.
  • HSB insurance offerings include equipment breakdown, cyber risk, specialty liability and other coverages.

Synergy Secures Financing from Munich Re for Los Cerritos Wetlands Restoration and Mitigation Bank Project

Retrieved on: 
Thursday, February 15, 2024
Other Professional Services, Insurance, Oil, Gas, Finance, Consulting, Environmental Health, Banking, Energy, Professional Services, Other Natural Resources, Environment, Sustainability, Natural Resources, Outsourcing Business, Principal, City, MEAG, Hurricane Ian, P&A

This new financing provides us the funds we need and enables us to immediately begin the abandonment of the Synergy Oil Field and the restoration of 156 acres of prime coastal wetlands.

Key Points: 
  • This new financing provides us the funds we need and enables us to immediately begin the abandonment of the Synergy Oil Field and the restoration of 156 acres of prime coastal wetlands.
  • It is a huge win for everyone, especially the communities of Long Beach and Seal Beach,” said John McKeown, CEO and Principal of Synergy.
  • The allocated funds from Munich Re's financing will play a pivotal role in Synergy's efforts to plug and abandon (P&A) legacy wells while creating a permanent wetlands conservation site.
  • “We are glad to provide this financing solution to Synergy for a significant project that will benefit many stakeholders, including the City of Long Beach and communities that neighbor the Los Cerritos wetlands,” commented Vikram Nath, Managing Director of Energy Transition Finance at Munich Re.

Longroad Energy Secures $600 Million in Debt Financing to Power Expansion of its Renewable Energy Portfolio

Retrieved on: 
Monday, November 27, 2023
MEAG, Infratil, Growth, Letter, HSBC, Barclays, Wind, Renewable energy, Apollo

BOSTON, Nov. 27, 2023 /PRNewswire/ -- Longroad Energy Holdings, LLC ("Longroad"), a U.S. based renewable energy developer, owner and operator, announced today that it has closed $600 million in debt financing to further accelerate the growth of its wind, solar, and battery portfolio.

Key Points: 
  • BOSTON, Nov. 27, 2023 /PRNewswire/ -- Longroad Energy Holdings, LLC ("Longroad"), a U.S. based renewable energy developer, owner and operator, announced today that it has closed $600 million in debt financing to further accelerate the growth of its wind, solar, and battery portfolio.
  • The credit facility is composed of a $275 million term loan, a $175 million revolving credit facility, and a $150 million letter of credit facility.
  • The new financing follows the August 2022 $500 million equity investment by Infratil, New Zealand Superfund, and MEAG, and which also marked Longroad's strategic shift toward primarily project ownership rather than project sales.
  • We are excited to welcome and thankful for the institutions who have come into this new financing."

Vantage Data Centers Completes €2.5 Billion Investment Partnership with Investor Consortium to Accelerate Growth in EMEA

Retrieved on: 
Monday, October 30, 2023
Security, Other Professional Services, Construction & Property, Data Management, Energy, Technology, Professional Services, Other Technology, Telecommunications, Software, Networks, Internet, Utilities, Other Construction & Property, Mobile, Wireless, MEAG, Linklaters, Heart, DLA Piper, Data, Partnership, Multimedia, Growth, Loeb, Rothschild & Co, Sustainable Development Investment Partnership, Citigroup, Cryptocurrency, Asset management, Vantage

Vantage Data Centers, a leading global provider of hyperscale data center campuses, and a consortium of investors led by MEAG and Infranity, along with funds affiliated with the investment management platform of DigitalBridge Group, Inc., (together the “Investor Consortium”) have completed a previously announced Investment Partnership in certain Vantage European data center assets.

Key Points: 
  • Vantage Data Centers, a leading global provider of hyperscale data center campuses, and a consortium of investors led by MEAG and Infranity, along with funds affiliated with the investment management platform of DigitalBridge Group, Inc., (together the “Investor Consortium”) have completed a previously announced Investment Partnership in certain Vantage European data center assets.
  • View the full release here: https://www.businesswire.com/news/home/20231030759309/en/
    Vantage Data Centers’ Berlin I campus, which will total 56MW upon completion.
  • (Photo: Business Wire)
    The Investment Partnership initially consists of six stabilized data centers in strategic locations across Europe and is valued at approximately €2.5 billion (approximately $2.7 billion), including Vantage’s stake.
  • The additional capital raised from the Investor Consortium will be used to support the continued growth of Vantage’s EMEA data center platform.

CleanSpark Releases August 2023 Bitcoin Mining Update

Retrieved on: 
Tuesday, September 5, 2023
Bitcoin, Crypto, Needham & Company, Miner, Southeastern United States, CFO, BTC, Summit, Conference, MEAG, Rain, Cryptocurrency, Management

LAS VEGAS, Sept. 5, 2023 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released its unaudited bitcoin mining and operations update for the month ending August 31, 2023.

Key Points: 
  • Bitcoin holdings continue to grow, now at 1,677 BTC
    LAS VEGAS, Sept. 5, 2023 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released its unaudited bitcoin mining and operations update for the month ending August 31, 2023.
  • That operational prowess has resulted in what we expect is among the best monthly bitcoin production rates of publicly traded miners in North America."
  • Total BTC holdings as of August 31: 1,677
    Total BTC sold in August: 43
    The Company sold 43 bitcoins in August 2023 at an average of approximately $28,200 per BTC.
  • Once finished, the site will be home to 230MW of the most efficient bitcoin mining machines available, making it one of the largest bitcoin mining data centers in the southeastern United States.

HSB’s New Sensor Solutions Stop Water Leaks Remotely with Smart Shutoff Device

Retrieved on: 
Thursday, April 13, 2023
Apps, Applications, Technology, Mobile, Wireless, Insurance, Security, Utilities, Professional Services, Energy, IOT (Internet of Things), HSB, Internet of things, Risk management, Android, Hurricane Ian, Temperature, Research, Water supply, IOS, HVAC, Internet, Humidity, Holiday, Superior, Water, Engineering, LoRa, MEAG, Instrumentation, Mobile phone, Munich Re

Once a sensor detects a leak, HSB sends an alert to customers who can activate the Meshify Defender Water Shutoff, using the Meshify Protect™ mobile app to stop the water supply.

Key Points: 
  • Once a sensor detects a leak, HSB sends an alert to customers who can activate the Meshify Defender Water Shutoff, using the Meshify Protect™ mobile app to stop the water supply.
  • “The Meshify Defender Sensors and Water Shutoff are the culmination what we have learned about the needs of our customers and our insurance industry partners.
  • The Meshify Defender Water Shutoff, developed over years of research and testing, stops water leaks at the source, with design options that don’t require cutting any pipes.
  • Now, customers can have peace-of-mind that Meshify Defender Sensors and Smart Shutoff can detect leaks and cut off the water supply to help prevent or reduce property loss.

Vantage Data Centers Forms Partnership with Investor Consortium to Accelerate Growth in EMEA

Retrieved on: 
Tuesday, April 4, 2023
Professional Services, Data Management, Data Analytics, Technology, Finance, Asset Management, Networks, Sustainable Development Investment Partnership, Growth, Data, MEAG, Partnership, Security (finance), Cryptocurrency

Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced that it has entered into a definitive agreement to form an Investment Partnership with a consortium of investors led by funds affiliated with the investment management platform of DigitalBridge Group, Inc., MEAG and Infranity (together with other investors, the “Investor Consortium”).

Key Points: 
  • Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced that it has entered into a definitive agreement to form an Investment Partnership with a consortium of investors led by funds affiliated with the investment management platform of DigitalBridge Group, Inc., MEAG and Infranity (together with other investors, the “Investor Consortium”).
  • The transaction values the Investment Partnership, which is related to certain stabilized European assets, at approximately €2.5 billion (approximately $2.7 billion), including Vantage’s stake.
  • The additional capital raised by the Investor Consortium will be used to support the continued growth of Vantage’s EMEA data center platform.
  • The Investment Partnership is expected to be finalized in the second quarter of 2023, subject to satisfaction of certain closing conditions, including the receipt of certain regulatory approvals.

HSB’s Meshify IoT Subsidiary Joins Amazon Sidewalk Network

Retrieved on: 
Monday, February 6, 2023
Apps, Applications, Technology, Insurance, Construction & Property, Other Technology, Professional Services, Building Systems, Other Construction & Property, IOT (Internet of Things), Restaurant, Superior, Water, Internet of things, HSB, Amazon Sidewalk, Algorithm, MEAG, Engineering, Hurricane Ian, Risk management, Instrumentation, Online shopping, Munich Re

Water leak and freeze sensors designed by Meshify , the Internet of Things (IoT) subsidiary of specialty insurer HSB , will connect through the new Amazon Sidewalk shared community network, making it easier and more affordable to help prevent property damage, HSB announced today.

Key Points: 
  • Water leak and freeze sensors designed by Meshify , the Internet of Things (IoT) subsidiary of specialty insurer HSB , will connect through the new Amazon Sidewalk shared community network, making it easier and more affordable to help prevent property damage, HSB announced today.
  • “Working together, Meshify and Amazon Sidewalk will help fulfill the promise of IoT risk management for homes and businesses of all sizes,” said Greg Barats, president, and chief executive officer of HSB, part of Munich Re.
  • Meshify Defender S will be one of the first devices that is qualified to use Amazon Sidewalk, the private, always-on community network, designed to connect billions of devices.
  • Amazon Sidewalk creates a low-bandwidth network with the help of Sidewalk bridge devices, including Echo and Ring devices.