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CIOs weigh where to place AI bets — and how to de-risk them

CIO

We need to be ready to respond to our CEO to solve problems with AI,” says Srini Gudipati, CIO of Covanta, a company that specializes in sustainable materials management, including large-scale recycling. This ensures that none of our sensitive data and intellectual property are availed to an outside provider.”

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AI Technology is Invaluable for Cybersecurity

Smart Data Collective

A successful breach can result in loss of money, a tarnished brand, risk of legal action, and exposure to private information. In addition, cybersecurity protects companies’ intellectual property, trade secrets, and other private information, helping them to sustain a competitive edge and encourage creative problem-solving.

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Manulife closes U.S. Variable Annuity Reinsurance Transaction with Venerable Holdings, Inc.

Wink Intel

“This transaction unlocks value for our shareholders and meaningfully reduces our go-forward risk profile, while contributing to our goal of shifting the earnings mix of our franchise to focus on our highest potential businesses. trillion ) in assets under management and administration, and in the previous 12 months we made CAD$31.6

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Principal Financial Group® Closes Reinsurance Transaction

Wink Intel

Under the agreement, the company has reinsured approximately $25 billion of in-force statutory reserves, and Talcott has engaged Principal ® to manage approximately $4 billion in commercial mortgage loans and private credit assets for the lifetime of the assets.

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Principal Financial Group Announces 2022 Outlook

Wink Intel

and emerging markets, global asset management, and U.S. Transactions meaningfully enhance future financial and risk profile of the company. Incurred loss ratio. . . The leaders will speak to total company and individual business unit outlooks, highlighting how its growth drivers of retirement in the U.S. Plan to return $2.5-$3.0

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Principal Financial Group® Announces Reinsurance Transaction, Increases Share Repurchase Authorization by $1.6 Billion

Wink Intel

retail fixed annuity and individual life insurance businesses as part of a comprehensive review of its business mix and capital management options. and select emerging markets, global asset management, and U.S. At its Investor Day in June 2021, Principal announced it would pursue strategic alternatives for its U.S.

Capital 40
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Manulife enters agreement to reinsure over 75% of U.S. Variable Annuity block to Venerable Holdings Inc.

Wink Intel

VA Guaranteed Value and net amount at risk by more than 75%, and our equity market sensitivity from our variable annuity guarantees by roughly 54% 7 , greatly lowering our go forward risk profile,” said Naveed Irshad , Global Head of Inforce Management. billion loss to a $1.2 billion loss, representing a 54% reduction.

Capital 40