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Fortegra Granted License to Operate in Belgium and European Union

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New Belgium office doubles down on company’s European commitment 

JACKSONVILLE, Fla., June 11, 2024 /PRNewswire/ — The Fortegra Group, Inc. (“Fortegra” or the “Company”), a multinational specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT), today announced its approval to operate in Belgium and the European Union. Fortegra Belgium Insurance Company, NV will be based in Brussels and will underwrite specialty lines of business. Fortegra Europe Insurance Company, Fortegra’s Malta company, will continue its focus on warranty products.

Fortegra’s Belgium operations offer the Company access to strategic distribution channels in a continually evolving market. Fortegra will now be able to collaborate with European managing general agents (MGAs) that are experts in their chosen products and sectors, providing these MGAs with flexible deal structures, partnership transparency, and shared risk.

“The MGA space across Europe is vibrant and compelling and provides a tremendous growth opportunity,” said Rick Kahlbaugh, President and Chief Executive Officer at Fortegra. “We are thrilled to receive this license, which will allow us to provide innovative solutions to partners across Europe.”

Fortegra, via its subsidiaries, offers a comprehensive portfolio of specialty insurance products, including property, casualty and financial lines products, alongside warranty and consumer product solutions. By leveraging a team of experienced and dedicated professionals, the Company aims to deliver tailored insurance solutions that provide peace of mind and financial security to its clients.

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About Fortegra
For more than 45 years, Fortegra, via its subsidiaries, has underwritten risk management solutions that help people and businesses succeed in the face of uncertainty. As a multinational specialty insurer whose insurance subsidiaries have an A.M. Best Financial Strength Rating of A- (Excellent)1, we offer a diverse set of admitted and excess and surplus lines insurance products and warranty solutions. For more information: www.fortegra.com.

Contact
[email protected]

Fortegra Belgium Insurance Company, NV has not yet been rated by A.M. Best.

View original content:https://www.prnewswire.co.uk/news-releases/fortegra-granted-license-to-operate-in-belgium-and-european-union-302168876.html

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Greater Bay Area: Macao’s Economy Thrives with Diversified Development

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MACAU, China, July 1, 2024 /PRNewswire/ — According to data released by the Macao SAR Government, the number of tourists visiting Macao in the first quarter of 2024 reached 8.876 million, marking a year-on-year increase of 79.4%. The average occupancy rate of hotels exceeded 85%. Additionally, Macao’s GDP grew by 25.7% in real terms, the unemployment rate fell to 2.1%, and the median working income of the employed population increased by MOP 1,000 year-on-year.

In the fiscal year 2023 government report, the Macao SAR government introduced the “1+4” strategy for moderate diversified development to foster four key industries. Over the past year, the government has pursued over a dozen investment plans in the science and technology sector, supporting several scientific research achievements with transformation and application prospects.

In the modern financial industry, Macao has leveraged its “free port” status, focusing on specialized finance areas such as bonds, wealth management, green finance, and financial leasing. The bond market and debt issuance have seen rapid growth. Furthermore, the establishment of the Hengqin Guangdong-Hong Kong-Macao Deep Cooperation Zone has expanded opportunities for Macao’s diversified development. The development plan for the Cooperation Zone includes the construction of the Macao Brand Industrial Park. As of April 2024, the number of Macao enterprises in the Cooperation Zone reached 6,208, a year-on-year increase of 12.3%, and a 33.88% increase since the establishment of the Cooperation Zone. The model of “Headquartered in Macao and operating in Hengqin” has emerged as a new development paradigm for Macao’s industries.

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Despite its small size, Macao holds significant potential and opportunities, promising a bright future.

Contact: Yao Shunyu

Tel.: 008610-68994660

E-mail: [email protected]

YouTube link: https://youtu.be/0HKff9CPD1U

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Novo Holdings invests in MATR Foods’ expansion within plant-based fungi food

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COPENHAGEN, Denmark, July 1, 2024 /PRNewswire/ — Today, Novo Holdings announced an initial investment in Danish food-tech start-up MATR Foods (‘MATR’) to support the scaling-up of its production of sustainable meat alternatives.

Established in Copenhagen in 2021, MATR specialises in developing organic innovative plant-based meat alternatives using traditional fungal fermentation techniques. Locally sourced organic ingredients like oats, split peas, lupins, beetroots, and potatoes are transformed into patties and mince with a juicy texture and meaty flavour, offering a nutritious and sustainable alternative without the need for additives or heavy processing.

The company’s flagship product, MATR Fungi Mince, is made entirely from natural ingredients grown in Scandinavia. Rich in protein and fibre and low in fat, the product has an amino acid profile like meat, but with a carbon footprint of just 1.4 kg CO2 e per kg, which is 94% lower than that of beef.

Currently MATR’s customer base comprises several B2B contracts with restaurant chains in Denmark including Gasoline Grill and Sticks & Sushi and with the online supermarket Nemlig.com. The new financing will enable MATR to scale up its production capacity in order to meet a growing demand from both existing and new customers.

Randi Wahlsten, CEO of MATR, said: “We have been extremely well received by chefs and consumers alike to the point where we are experiencing a much higher demand than we can currently supply. We are therefore very excited to have Novo Holdings joining us now to really accelerate the journey by scaling up our production and expanding our customer base. We share a clear vision of creating a truly impactful international food business based on our sustainable, clean fungi food technology.”

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Thomas Grotkjær, Partner, Planetary Health Investments, Novo Holdings, said: “MATR has managed to develop a product that tastes great, is highly nutritious and has a strong sustainability profile. I am very pleased with the opportunity to contribute to the scaling-up of MATR Foods and thereby offering end-consumers a new product that combines the savoury experience we know from meat with the health and sustainability benefits of a plant-based diet. Further, I am excited about the collaboration with Randi and the MATR team whose attributes encompass a very strong drive anchored in gastronomy, science and entrepreneurship.”

About MATR Foods

MATR Foods is a Danish start-up that combines microbiology and gastronomy to create new solutions to some of the world’s greatest challenges: the climate, biodiversity and health. MATR was founded in 2021 and has production facilities in Copenhagen’s Nordhavn. The people behind MATR are an international team of researchers, chefs and entrepreneurs with food industry experience.

MATR Foods fungi products are currently available at Gasoline Grill, Sticks n’ Sushi, Mother Pizza, Sokkelund Brasserie, Meyers canteens and Nemlig.com among others.

About Novo Holdings A/S

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Novo Holdings is a holding and investment company that is responsible for managing the assets and the wealth of the Novo Nordisk Foundation. The purpose of Novo Holdings is to improve people’s health and the sustainability of society and the planet by generating attractive long-term returns on the assets of the Novo Nordisk Foundation. Wholly owned by the Novo Nordisk Foundation, Novo Holdings is the controlling shareholder of Novo Nordisk A/S and Novonesis A/S (Novozymes A/S) and manages an investment portfolio with a long-term return perspective. In addition to managing a broad portfolio of equities, bonds, real estate, infrastructure and private equity assets, Novo Holdings is a world-leading life sciences investor. Through its Seeds, Venture, Growth, Asia, Planetary Health and Principal Investments teams, Novo Holdings invests in life science companies at all stages of development. As of year-end 2023, Novo Holdings had total assets of EUR 149 billion. www.novoholdings.dk 

About the Novo Nordisk Foundation

Established in Denmark in 1924, the Novo Nordisk Foundation is an enterprise foundation with philanthropic objectives. The vision of the Foundation is to improve people’s health and the sustainability of society and the planet. The Foundation’s mission is to progress research and innovation in the prevention and treatment of cardiometabolic and infectious diseases as well as to advance knowledge and solutions to support a green transformation of society.

www.novonordiskfonden.dk/en 

View original content:https://www.prnewswire.co.uk/news-releases/novo-holdings-invests-in-matr-foods-expansion-within-plant-based-fungi-food-302185930.html

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2024 International Pharmaceutical Cooperation High-End Forum Kexing Biopharm’s Series of Globalization Activities (China) Successfully Concluded

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Innovation for the World, Exploring for the Future

SHENZHEN, China, July 1, 2024 /PRNewswire/ — Recently, the “Innovation for the World, Exploring for the Future” 2024 International Pharmaceutical Cooperation High-End Forum Kexing Biopharm’s Series of Globalization Activities (China), organized by Kexing Biopharm, was successfully concluded in Shanghai. Numerous industry experts, senior figures from the domestic pharmaceutical and investment sectors, as well as senior executives of pharmaceutical companies from around 20 countries and regions, such as Brazil, Russia, Singapore, South Korea, Malaysia, Saudi Arabia, and Africa, who closely collaborated with Kexing Biopharm attended this forum on sharing and effective discussions on the current status and development trends in the global medical market.

During the forum, Kexing Biopharm warmly welcomed and sincerely thanked the attendees from various backgrounds who had traveled from afar. In addition, they provided a comprehensive introduction to the Company’s internationalization strategy and plans for the future. Kexing Biopharm emphasized its commitment to leveraging its overseas commercial platform to deliver high-quality products and comprehensive medication solutions for global patients. It specifically mentioned the successful acquisition of the EU GMP certificate for its first introduced product, albumin-bound paclitaxel, indicating a significant step forward in its global expansion. With a strong focus on international commercialization this year and leveraging years of international experience, the Company aims to become the best partner for high-quality Chinese pharmaceuticals worldwide.

Meanwhile, representatives from partner companies in Brazil, Malaysia, Saudi Arabia, and Africa, respectively shared insights into the local pharmaceutical development status, distribution channels, medication requirements, market access, and collaborative opportunities, providing clarification and showcasing the power of international win-win cooperation among the guests present at the event. Additionally, onsite strategic cooperation agreements were signed between Kexing Biopharm and various overseas partners, showcasing a reaffirmed commitment to continued collaboration and shared vision for the development of the pharmaceutical industry.

Simultaneously, during the CPHI exhibition from June 19th to 21, Kexing Biopharm presented a diverse portfolio of over twenty high-quality drugs covering the oncology pipeline, immunotherapy pipeline, metabolic disease pipeline, and nephropathy pipeline, including monoclonal antibodies, peptides, and small molecules.

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News of victory keeps pouring in, on June 25, Kexing Biopharm (688136.SH) made it to the “2023 China Biopharmaceutical (Blood Product, Vaccine, and Insulin) Enterprise Top 20 List” in the “2023 China Pharmaceutical Industry Top 100 List Series,” which was the third time in a row.

View original content:https://www.prnewswire.co.uk/news-releases/2024-international-pharmaceutical-cooperation-high-end-forum-kexing-biopharms-series-of-globalization-activities-china-successfully-concluded-302186883.html

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