Putin and Trump to Hold Summit Amid Ukraine War Talks

The Kremlin confirmed that Russian President Vladimir Putin and former US President Donald Trump will hold summit talks in the coming days, with preparations underway for the meeting. The announcement follows a lengthy discussion between Putin and Trump’s envoy, Steve Witkoff, regarding the ongoing conflict in Ukraine. While the exact location remains undisclosed, the summit signals a potential diplomatic shift amid heightened tensions. The meeting will be closely watched as global leaders, including Goldman Sachs’ Jari Stehn and Zurich Insurance CEO Mario Greco, weigh in on geopolitical and economic implications.

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Zurich CEO Mario Greco’s Remuneration Increases in Record Year 2024

Zurich CEO Mario Greco’s remuneration rose to CHF 9.88 million in 2024, up from CHF 9.83 million the previous year, with a fixed salary increase to CHF 2.34 million. Looking ahead, his base salary is set to increase by 7% to CHF 1.90 million in April 2025. The Group Executive Board’s total remuneration was CHF 55.4 million, slightly down from CHF 55.9 million in 2023.

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Zurich Insurance Group Faces Controversy Over Vienna Property Sale

Mario Greco, CEO of Zurich Insurance Group, is facing backlash after selling the Kärntner-Ring-Hof property in Vienna for just under 130 million euros, despite a higher offer from a Zug-based finance company. Legal claims have emerged over alleged breaches of verbal assurances regarding exclusive bidding rights. Critics question why only three small companies were invited to bid, suggesting that larger family offices could have driven the sale price to around 150 million euros.

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Zurich CEO Calls for Enhanced Risk Prevention and Urban Planning Measures

Zurich CEO Mario Greco emphasizes the need for enhanced risk prevention in response to recurring major fires in California, asserting that the insurer is well-prepared for such losses. He advocates for a reevaluation of urban planning and construction practices to mitigate future disasters, highlighting the role of technology and data in risk assessment. Greco also expresses concern over Europe’s economic stagnation, urging for timely investments and proactive measures.

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