STOCK TITAN

Global Atlantic Re Foundation Awards $75,000 Grant to BioQuest in Support of Bermuda Biodiversity Research

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Global Atlantic Financial Group has awarded a $75,000 grant to BioQuest, a biodiversity conservation NGO, through its Bermuda-based Global Atlantic Re foundation. The three-year partnership will support BioQuest's biodiversity research program in Bermuda, focusing on three initial projects: the Bermuda Cahow population study, Bermuda Skink reference genome, and Bermuda Cedar Tree reference genome. The collaboration includes educational opportunities for Global Atlantic employees, who will learn about DNA species identification and genetic research processes. Employees may also help select future research species from a conservation-aligned shortlist.

Global Atlantic Financial Group ha assegnato un contributo di $75.000 a BioQuest, un ONG di conservazione della biodiversità, tramite la sua fondazione Global Atlantic Re con sede alle Bermuda. La partnership triennale sosterrà il programma di ricerca sulla biodiversità di BioQuest alle Bermuda, concentrandosi su tre progetti iniziali: lo studio sulla popolazione di Cahow delle Bermuda, il genoma di riferimento dello Skink delle Bermuda e il genoma di riferimento dell'albero di Cedro delle Bermuda. La collaborazione include opportunità educative per i dipendenti di Global Atlantic, che impareranno a riconoscere le specie tramite DNA e i processi di ricerca genetica. I dipendenti potranno anche contribuire alla selezione delle future specie di ricerca da una lista ristretta allineata alla conservazione.

Global Atlantic Financial Group ha otorgado una a BioQuest, una ONG de conservación de la biodiversidad, a través de su fundación Global Atlantic Re con sede en Bermudas. La asociación de tres años apoyará el programa de investigación sobre la biodiversidad de BioQuest en Bermudas, centrándose en tres proyectos iniciales: el estudio de la población del Cahow de Bermudas, el genoma de referencia del Skink de Bermudas y el genoma de referencia del árbol de cedro de Bermudas. La colaboración incluye oportunidades educativas para los empleados de Global Atlantic, quienes aprenderán sobre la identificación de especies mediante ADN y los procesos de investigación genética. Los empleados también podrán ayudar a seleccionar futuras especies de investigación de una lista restringida alineada con la conservación.

글로벌 아틀란틱 금융 그룹은 버뮤다에 본사를 둔 글로벌 아틀란틱 리 재단을 통해 생물 다양성 보존 NGO인 바이오퀘스트에 $75,000의 보조금을 지급했습니다. 3년 간의 파트너십은 바이오퀘스트의 생물 다양성 연구 프로그램을 지원하며, 버뮤다 카호우 개체군 연구, 버뮤다 스킨크 참조 게놈, 버뮤다 편백 나무 참조 게놈의 세 가지 초기 프로젝트에 중점을 둡니다. 이 협력에는 글로벌 아틀란틱 직원들을 위한 교육 기회도 포함되어 있으며, 직원들은 DNA 종 식별 및 유전 연구 프로세스에 대해 배웁니다. 직원들은 또한 보존에 맞춰 정리된 목록에서 미래 연구 종을 선택하는 데 도움을 줄 수 있습니다.

Global Atlantic Financial Group a accordé une subvention de 75 000 $ à BioQuest, une ONG de conservation de la biodiversité, par le biais de sa fondation Global Atlantic Re basée aux Bermudes. Le partenariat de trois ans soutiendra le programme de recherche sur la biodiversité de BioQuest aux Bermudes, axé sur trois projets initiaux : l'étude de la population de Cahow aux Bermudes, le génome de référence de la salamandre des Bermudes et le génome de référence du cèdre des Bermudes. La collaboration comprend des opportunités éducatives pour les employés de Global Atlantic, qui apprendront à identifier les espèces par ADN et les processus de recherche génétique. Les employés pourront également aider à sélectionner les futures espèces de recherche à partir d'une liste restreinte axée sur la conservation.

Die Global Atlantic Financial Group hat BioQuest, eine NGO zum Schutz der Biodiversität, über ihre in Bermuda ansässige Global Atlantic Re-Stiftung mit einem Stipendium von 75.000 $ ausgezeichnet. Die dreijährige Partnerschaft wird das Biodiversitätsforschungsprogramm von BioQuest in Bermuda unterstützen, das sich auf drei anfängliche Projekte konzentriert: die Studie zur Cahow-Population in Bermuda, das Referenzgenom des Bermuda-Skinks und das Referenzgenom des Bermuda-Zedernbaums. Die Zusammenarbeit bietet Bildungsangebote für die Mitarbeiter von Global Atlantic, die lernen werden, wie man DNA-Arten identifiziert und genetische Forschungsprozesse durchführt. Die Mitarbeiter können auch helfen, zukünftige Forschungsarten aus einer auf Naturschutz ausgerichteten Vorauswahl auszuwählen.

Positive
  • None.
Negative
  • None.

HAMILTON, Bermuda--(BUSINESS WIRE)-- Global Atlantic Financial Group (“Global Atlantic”), a leading insurance provider meeting the retirement and life insurance needs of individuals and institutions, today announced that it has awarded a $75,000 grant to BioQuest, a philanthropic NGO focused on biodiversity conservation using genomics. This funding is part of a three-year relationship that will be instrumental in advancing BioQuest’s biodiversity research program, with a particular focus on Bermuda's signature species.

The grant from Global Atlantic’s Bermuda-based foundation, the Global Atlantic Re foundation, will fund BioQuest’s vital work in preserving and protecting Bermuda’s distinctive biodiversity. Three projects have been selected for initial support: the Bermuda Cahow population study, Bermuda Skink reference genome and Bermuda Cedar Tree reference genome.

In connection with the grant for research and conservation efforts, BioQuest will provide hands-on biodiversity genetic educational opportunities for Global Atlantic employees. This will include informational sessions on the identification of different species through DNA and insights into genetic research processes. Global Atlantic employees may also have the opportunity to select specific Bermuda signature species, from a shortlist aligned with conservation needs of the Department of Environment & Natural Resources, on which BioQuest will focus its research in upcoming years.

Darryl Herrick, President of Global Atlantic Re and Co-Head of Reinsurance said, “We are proud to support BioQuest and its efforts to protect Bermuda's biodiversity with a focus on genetics. This collaboration forms an ideal alignment with one of the three key pillars of the Global Atlantic Re foundation, embracing our commitment to environmental sustainability initiatives throughout the island. We look forward to the partnership’s contributions to help preserve our local environment for future generations, along with the educational journey for our employees and extended community engagement. We have a shared vision with BioQuest on the meaningful work we can accomplish together with lasting impact.”

Jean-Pierre Rouja, Co-Founder and Executive Director of BioQuest, stated, “We are deeply grateful to Global Atlantic for their generous support. This grant will significantly enhance our ability to carry out essential biodiversity projects in Bermuda, particularly those targeting our signature species. By focusing on these keystone species, we are not only protecting individual species but also the broader ecosystems that rely on them. The hands-on educational component of this partnership will further strengthen our collaboration, offering valuable learning experiences to Global Atlantic staff and enriching our conservation efforts. We look forward to the positive impact this collaboration will have on both our biodiversity projects and the wider community.”

Global Atlantic and BioQuest share a commitment to environmental stewardship, education and sustainable economic development. By securing this grant, BioQuest will be better equipped to implement cutting-edge research, conservation strategies and public education initiatives, all aimed at safeguarding Bermuda’s natural treasures.

About BioQuest

BioQuest is an innovative philanthropic NGO focused on biodiversity conservation using genomics, starting with the Caribbean’s signature species. Our aim is to create local biodiversity genetic research capacity whilst preserving our unique environment for generations to come. BioQuest’s mission is to enable citizen scientists to study species close to home, instead of sending samples to centralised, often overseas, locations for sequencing. Using the latest long-read sequencing technology, we work together to improve and guide genomic conservation efforts previously thought unthinkable.

For more information about BioQuest's biodiversity projects and to learn how you can get involved, please visit www.bioquest.world.

About Global Atlantic

Global Atlantic Financial Group is a leading insurance company meeting the retirement and life insurance needs of individuals and institutions. With a strong financial foundation and risk and investment management expertise, the company delivers tailored solutions to create more secure financial futures. The company's performance has been driven by its culture and core values focused on integrity, teamwork, and the importance of building long-term client relationships. Global Atlantic is a wholly owned subsidiary of KKR, a leading global investment firm. Through its relationship, the company leverages KKR's investment capabilities, scale and access to capital markets to enhance the value it offers clients. KKR's parent company is KKR & Co. Inc. (NYSE: KKR).

Global Atlantic Financial Group (Global Atlantic) is the marketing name for The Global Atlantic Financial Group LLC and its subsidiaries. The Global Atlantic Re foundation is dedicated to the promotion of economic development, education and environmental sustainability initiatives throughout Bermuda.

For Global Atlantic:

Brian Ruby, 203-682-8268, Brian.Ruby@icrinc.com

Adam Gerber, 203-682-8389, Adam.Gerber@icrinc.com



For BioQuest:

Jean-Pierre Rouja, 441-555-3333, jp@bioquest.world

Jodi Covington, 404-457-3589, jodi@thebranddevgroup.com

Source: Global Atlantic Financial Group

FAQ

What is the value of Global Atlantic's grant to BioQuest in 2024?

Global Atlantic has awarded a $75,000 grant to BioQuest through its Global Atlantic Re foundation to support biodiversity research in Bermuda.

Which three research projects will BioQuest initially focus on with the Global Atlantic grant?

BioQuest will initially focus on the Bermuda Cahow population study, Bermuda Skink reference genome, and Bermuda Cedar Tree reference genome projects.

What educational opportunities will Global Atlantic employees receive through the BioQuest partnership?

Global Atlantic employees will receive hands-on biodiversity genetic educational opportunities, including sessions on DNA species identification and insights into genetic research processes.

How long is the partnership between Global Atlantic and BioQuest?

The partnership between Global Atlantic and BioQuest is established for a three-year period.

KKR & Co. Inc.

NYSE:KKR

KKR Rankings

KKR Latest News

KKR Stock Data

123.35B
887.44M
24.03%
61.82%
1.31%
Asset Management
Investment Advice
Link
United States of America
NEW YORK