Man-made events triggered an additional USD 3 billion in insured losses.
The transaction remains subject to receiving the necessary approvals.
The investment plan is part of the Green Transition Pillar and aims to promote Sustainable Development.
Global IPO volumes fell 46%, with proceeds down by 58% 1H year-over-year. With global activity almost halved in YTD 2022, the Americas market recorded the biggest decline. Middle East and India were some of the rare bright spots amidst a bearish market.