
Zurich Insurance Buys Canadian Insurance Technology Firm BOXX
The acquisition will see BOXX becoming part of Zurich's platforms business, Zurich Global Ventures, the company said in a statement. Financial terms of the transaction were not disclosed.
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Entrepreneur
3 minutes ago
- Entrepreneur
South Indian States Poised for High-Growth in Technology and GCCs: CBRE-CII Report
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Southern states of India are poised for high growth in technology and scaling of global capability centres (GCCs), including advanced manufacturing in electric vehicles, electronics, and aerospace, according to the latest report titled 'Shaping The Future: The Real Estate Vision 2030 For Karnataka And Beyond' by CBRE South Asia and CII. The report highlights the dynamic economic landscape across the five southern states of Tamil Nadu, Karnataka, Telangana, and Kerala. This is evidenced by robust growth spanning a diverse spectrum of industries, notably IT/ITeS, tourism, and critical manufacturing sectors such as automotive and electronics. The collective strength of this region is firmly established upon a diversified economic base, a world-class talent pool, infrastructure, and proactive government policies. The report positions Bengaluru, Chennai, and Hyderabad as the leading cities driving Southern India's real estate momentum, each offering unique sectoral strengths and long-term growth potential. These cities are underpinned by world-class infrastructure, strong occupier demand, and expanding institutional investment, the report stated. In terms of sectoral momentum, IT/ITeS continues to be the dominant driver across all three cities, accounting for a significant share of office leasing. Life sciences is gaining prominence, particularly in Hyderabad and Bengaluru, backed by the presence of global R&D centres and innovation parks. Electronics manufacturing is anchored in Chennai, supported by robust exports and supply chain infrastructure. Rising interest in data centres, premium residential developments, and warehousing is shaping the next wave of real estate growth across both metro and tier-II locations. Next Wave of Opportunities in Southern States As They Aim for USD 1 Trillion Economies As India sets its sights on becoming a USD 30-trillion economy by 2047, the Southern states will be an indispensable driving force behind this ambition. There is ample growth opportunity among these states across sectors, and it can be tapped into through targeted measures. Karnataka: Objective- USD 1 trillion economy by 2032 • Fostering New Economic & Employment Hubs Beyond Bengaluru: Implement development plans for tier-II and tier-III cities, targeting investments in infrastructure (roads, rail, airports, digital connectivity), social amenities (housing, healthcare, education), and industrial/tech parks • Enhancing research and development: Strengthening the financial outlay of the state's R&D ecosystem through public-private partnership and though collaboration with premier educational institutions • Accelerating manufacturing: Clear district-wise vision for focus sectors such as automobile, pharmaceuticals, machinery through integration of technologies • Boosting tourism and hospitality: Focus on coastal and eco-tourism by building infrastructure and incentivising start-ups in the sector Tamil Nadu: Objective- USD 1 trillion economy by 2030 • Pioneering Industrial leadership: Leveraging its existing leadership, the state should promote smart manufacturing across key sectors including electric vehicles, semiconductor manufacturing, and niche electronics • Developing industrial townships: Development of industrial townships, including industrial parks and housing facilities for workers; developing port-led industrial corridors for seamless logistics • Data centres (DC): Tamil Nadu's strategic location, dependable power supply, and extensive land availability collectively position it as a prime destination for significant data centre development, attracting leading operators. Fostering a sustainable talent ecosystem: Enhancing industry-linked higher education, reskilling through short-term certifications Telangana: Objective- USD 1 trillion economy by 2036 • Bolstering regional connectivity: Prioritising advancements in transportation and digital infrastructure to facilitate seamless movement and communication • Driving growth in biotechnology sector: Life sciences- Pharma villages along the Hyderabad-Nagpur and Hyderabad-Bangalore highways; the sector contributes nearly 3% to the state's GSDP, double the nation average • Boosting aerospace and defence sector: Developing aerospace and defence research institutions fostering skill development and cutting-edge technologies • Implementing smart urban planning: Integrating smart city initiatives to optimise resource management and efficiency Kerala: Objective- USD 1 trillion economy by 2047 • Enhancing Kerala IT Policy, 2023: Relaxing FSI and development norms for IT parks, designate IT/ITeS as an essential service and implement a subsidy program for GCCs • Developing sector-specific policies: The government should consider strategically developing and implementing dedicated policies targeted at incentivising sectors such as data centres, fintech, and semiconductors, among others • Boosting tourism: Leveraging Kerala's established tourism infrastructure, additional government investment and private participation could amplify the sector's overall economic impact "Southern India is not only mirroring the region's economic strength, it is architecting the future of India's real estate landscape. The convergence of high-quality infrastructure, proactive governance, and a deep talent pool has turned cities like Bengaluru, Hyderabad, and Chennai into global investment attractions. What is equally compelling is the rise of Tier-II cities where targeted development and policy support are unlocking new opportunities across asset classes. This dual-track growth makes the South a blueprint for sustainable, inclusive, and innovation-led urban development," said Ram Chandnani, Managing Director – Leasing, CBRE India.
Yahoo
32 minutes ago
- Yahoo
TSX futures rise on Fed rate cut bets
(Reuters) -Futures linked to Canada's main stock index rose on Tuesday, boosted by higher chance of the U.S. Federal Reserve cutting interest rates in September. Futures on the S&P/TSX index were up 1.6% by 06:10 a.m. ET (1010 GMT), with markets resuming trade after Civic Day's holiday. Global stocks were lifted after traders ramped up bets of a U.S. rate cut in September to almost 94%, according to CME Fedwatch, following last week's soft U.S. nonfarm payrolls data. Later on Tuesday, Canadian ministers will start discussing trade with Mexican President Claudia Sheinbaum, The Globe and Mail reported on Sunday. The discussion follows Canada and Mexico failing to come to a trade agreement with the United States before the August 1 deadline. U.S. President Donald Trump put a 35% tariff on goods imported from Canada on Thursday, higher than the previous 25% on all products not covered under the U.S.-Mexico-Canada trade agreement. Mexico secured a temporary reprieve. In commodities, gold prices hovered near two-week highs on growing expectations of a rate cut while copper rates eased. Oil prices steadied, with OPEC+'s rising supply countering Russian disruption concerns. In corporate news, Canadian miner First Quantum Minerals signed a $1 billion gold streaming deal with Royal Gold. Corporate earnings scheduled for later in the day include those of Finning International, Great-West Lifeco and iA Financial Corporation, as well as U.S. earnings and ISM data. Toronto's TSX index posted its biggest decline since April on Friday with investor sentiment weighed down by disappointing U.S. jobs data and an escalating trade war. FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report [.TO] Canadian dollar and bonds report [CAD/] [CA/] Reuters global stocks poll for Canada Canadian markets directory Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
32 minutes ago
- Yahoo
Pet Valu Holdings announces Greg Ramier as new CEO, reports Q2 profit of $21.8M
MARKHAM — Pet Valu Holdings Ltd. says president Greg Ramier will become its CEO later this year. The Markham, Ont.-based retailer says Ramier will replace Richard Maltsbarger in the top job and be appointed to the company's board effective Sept. 21. After that date, Maltsbarger will become a senior advisor tasked with aiding with the leadership transition until he retires on April 4, 2026. The succession plan announcement comes as Pet Valu recorded a second-quarter profit of $21.8 million. That compared with $17.8 million a year earlier. On an adjusted basis, Pet Valu says it earned 38 cents per diluted share in the quarter ended June 28, up from an adjusted profit of 36 cents per diluted share a year ago. Revenue for the quarter totalled $280.6 million, up from $265.2 million a year ago. This report by The Canadian Press was first published Aug. 5, 2025. Companies in this story: (TSX:PET) The Canadian Press