AGP Executive Report
Last update: 10 hours agoSwiss Industry & Finance: Swiss Re reported first-half profit ahead of estimates and lifted its operating-cost reduction target to $500m by 2028, citing lower catastrophe losses but ongoing pricing pressure and macro uncertainty. Corporate Appointments: Franklin Templeton named Swiss executive René Buehlmann to lead Asia Pacific from Sept. 21, while wefox appointed Sebastian Schimurda as Switzerland country lead from 1 Sept. Aviation & Logistics: airBaltic’s Swiss subsidiary is still awaiting operating approval, raising questions about pilot employment and social guarantees; separately, Lufthansa Technik is testing fuel-saving “AeroSHARK” film patches on a Lufthansa City Airlines aircraft. Energy & Climate Risk: Zurich Insurance CEO Mario Greco said El Niño could moderate hurricane/typhoon risk in North America, potentially limiting insurance losses. Tech & Manufacturing: Siemens raised its profit outlook on AI-driven data centre demand, but shares fell after guidance missed some expectations. M&A & Consumer Goods: Chinese PE firm CPE is set to buy Swiss outdoor brand Mammut from Jacobs Capital, pending regulatory review. Digital Assets & Compliance: 21 Analytics and CARCI launched certified Travel Rule training for compliance teams.
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