Sammons Enterprises

Sammons Warehouse Solutions joins Precision Warehouse Design in Strategic Partnership

Retrieved on: 
Wednesday, April 3, 2024
PWD, Culture, Sammons Enterprises, Organization, Partnership, SWS, AS/RS, Warehouse, Retail

Dallas, Texas, April 03, 2024 (GLOBE NEWSWIRE) -- Sammons Warehouse Solutions (SWS), a provider of warehousing, racking, and storage solutions, and Precision Warehouse Design (PWD), a full-service warehouse automation integrator, today announced the signing of a transformative partnership that brings together SWS’s and PWD’s respective expertise, capabilities, and resources.

Key Points: 
  • Dallas, Texas, April 03, 2024 (GLOBE NEWSWIRE) -- Sammons Warehouse Solutions (SWS), a provider of warehousing, racking, and storage solutions, and Precision Warehouse Design (PWD), a full-service warehouse automation integrator, today announced the signing of a transformative partnership that brings together SWS’s and PWD’s respective expertise, capabilities, and resources.
  • Through this partnership, Sammons Warehouse Solutions will bring its extensive experience in scaling, innovating, and increasing efficiency as well as a strong capital position to support PWD’s long-term growth plans.
  • “As Sammons Warehouse Solutions leads Sammons Industrial further into the warehouse space, we’ve been carefully assessing opportunities for partnerships to accelerate our growth goals.
  • This partnership with PWD is one of the strongest strategic, technical, and cultural fits I have seen, and we are very excited about the future” said Don Keel, President of Sammons Warehouse Solutions.

AM Best Assigns Issue Credit Rating to Sammons Financial Group, Inc.’s New Senior Unsecured Notes

Retrieved on: 
Wednesday, March 27, 2024
Professional Services, Insurance, Finance, Average revenue per user, Sammons Enterprises, Life, ALL, News, SFG, Long-Term Capital Management, Credit, Credit rating, AM Best

AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “a-” (Excellent) to the $750 million 6.875% senior unsecured notes, due March 2034, issued by Sammons Financial Group, Inc. (SFG) (Delaware), an intermediate holding company indirectly owned by Sammons Enterprises, Inc. (SEI).

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “a-” (Excellent) to the $750 million 6.875% senior unsecured notes, due March 2034, issued by Sammons Financial Group, Inc. (SFG) (Delaware), an intermediate holding company indirectly owned by Sammons Enterprises, Inc. (SEI).
  • AM Best notes that SFG’s financial leverage will increase modestly to approximately 20%, which is well within AM Best’s guidelines for its current ratings.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Dan Lister Named New CEO of Sammons Industrial

Retrieved on: 
Wednesday, December 6, 2023
Growth, Lister, Sammons Enterprises, Management

Dallas, TX, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Sammons Industrial, a leader in the industrial sector, is pleased to announce the appointment of Dan Lister as the new Chief Executive Officer (CEO).

Key Points: 
  • Dallas, TX, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Sammons Industrial, a leader in the industrial sector, is pleased to announce the appointment of Dan Lister as the new Chief Executive Officer (CEO).
  • “Dan is an invaluable member of our organization, exemplifying exceptional leadership, vision, and unwavering commitment to our company's values and success,” Sammons Enterprises CEO Darron Ash said.
  • He will work closely with the executive team and employees to ensure the continued success and sustainability of Sammons Industrial.
  • "I am humbled and grateful to have the opportunity to lead Sammons Industrial and work alongside its talented team," commented Lister.

North Texas Food Bank Launches “Face of Hunger” Holiday Giving Campaign

Retrieved on: 
Monday, November 6, 2023
Meal, Holiday, Food, Sammons Enterprises, North Texas Food Bank, Hope, Prevalence, U.S. Department of Agriculture Cotton Annex, Temporary Emergency Food Assistance Program, De Beaumont Foundation, SNAP, Medicine, Love, Food bank, U.S. Department of Defense Strategy for Operating in Cyberspace, Face, Foreign policy, Agriculture, Hunger

Dallas, TX, Nov. 06, 2023 (GLOBE NEWSWIRE) -- The North Texas Food Bank (NTFB) launched the “Face of Hunger” holiday-giving campaign today to raise awareness that hunger affects nearly 640,000 North Texans.

Key Points: 
  • Dallas, TX, Nov. 06, 2023 (GLOBE NEWSWIRE) -- The North Texas Food Bank (NTFB) launched the “Face of Hunger” holiday-giving campaign today to raise awareness that hunger affects nearly 640,000 North Texans.
  • The campaign highlights the prevalence of hunger in North Texas and the people it impacts.
  • Since March of 2022 the North Texas Food Bank has seen about a 15 percent increase in the number of meals the Food Bank has provided access to through both SNAP and food distributed and is currently providing access to about 400,000 meals each day.
  • The North Texas Food Bank and our feeding partners don’t just want to help provide necessities during the holiday season – together we’re helping people connect with the ones they love.

Technology-Driven Transformation: How Technology is Simplifying Annuity Comparisons and Expanding Distribution Channels - ResearchAndMarkets.com

Retrieved on: 
Tuesday, October 24, 2023
Professional Services, Finance, KKR, Interest, Insurance, Ageing, Nationwide Mutual Insurance Company, American International Group, Lincoln National Corporation, Jackson National Life, Complexity, TIAA, Rila Monastery Nature Park, AUM, Growth, COVID-19, Liquidity, Sammons Enterprises, Traction, Pacific Life, MassMutual, International Marxist Group, Life insurance, Financial adviser, Financial services

The distribution of index annuities is also segmented based on distribution channels, with independent agents holding the largest share.

Key Points: 
  • The distribution of index annuities is also segmented based on distribution channels, with independent agents holding the largest share.
  • Buffer variable annuities, offering partial downside protection and participation in market gains, are expected to grow at a significant CAGR.
  • The fixed income variable annuity asset under management (AUM) is projected to grow significantly in the coming years as insurers shift their investment portfolios to mitigate market risks.
  • Increasing Role of Technology: Technology is playing a significant role in simplifying the comparison of annuity products, enhancing transparency, and expanding distribution.

AM Best Affirms Credit Ratings of Sammons Financial Group, Inc. and Its Subsidiaries

Retrieved on: 
Tuesday, August 29, 2023
Insurance, Professional Services, Federal Home Loan Banks, AM Best, ALL, ERM, Marketing, Life, SFG, Long-Term Capital Management, Credit, Sammons Enterprises, Organization, Investment, Superior, AM, Bermuda, News, Security (finance)

In addition, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of Sammons Financial Group, Inc. (Delaware).

Key Points: 
  • In addition, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of Sammons Financial Group, Inc. (Delaware).
  • In addition, AM Best has affirmed the Long-Term ICR of “aa-” (Superior) of Sammons Financial Group Global Funding.
  • SFG maintains strong interest coverage ratios, and financial leverage remains well-within AM Best guidelines for its current ratings.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

Sammons Financial Group Creates Corporate Development Division, Appoints New General Counsel

Retrieved on: 
Monday, August 28, 2023
Professional Services, Other Professional Services, Insurance, Finance, Asset Management, Consulting, Personal Finance, Human, Senior, General counsel, Sammons, Lloyds Bank Corporate Markets, Teas, Life, Multimedia, Promontory Financial Group, Sammons Enterprises, Corporation, Growth, Management, Dinshaw

Sammons Financial Group has named Brian Hansen, General Counsel and Corporate Secretary, to a new role within the company leading the growth strategy outside of its existing lines of business.

Key Points: 
  • Sammons Financial Group has named Brian Hansen, General Counsel and Corporate Secretary, to a new role within the company leading the growth strategy outside of its existing lines of business.
  • Hansen will assume the senior-level position of Chief Development Officer, requiring a dedicated focus on growth in new and adjacent spaces to Sammons Financial Group.
  • View the full release here: https://www.businesswire.com/news/home/20230825879194/en/
    Amy Teas, Senior Vice President, General Counsel and Corporate Secretary, Sammons Financial Group (Photo: Business Wire)
    Amy Teas will replace Hansen in his former role and assume leadership of the Legal, Compliance, Government Affairs, and Procurement departments as Senior Vice President, General Counsel and Corporate Secretary.
  • Today’s announcement to establish a corporate development area creates a platform laser focused on strategy, development, and growth in wealth management and other new and adjacent spaces to Sammons Financial Group.”
    Strategy and business development for Sammons Financial Group’s core industry lines will remain unchanged.

RetireOne and Midland National Enhance the Constance Contingent Deferred Annuity

Retrieved on: 
Wednesday, May 3, 2023
Professional Services, Technology, Insurance, Software, Finance, Consulting, Personal Finance, IRAS, RIA, Sammons Enterprises, CDA, Constance, ETF, RIAS, Retirement, Investment, Feedback, Financial adviser

RetireOne® , the leading independent platform for fee-based insurance solutions, and Midland National Life Insurance Company (Midland National) today announced enhancements to the Constance contingent deferred annuity (CDA) designed to make the CDA easier to integrate into a financial advisor’s practice and more straightforward to communicate with clients.

Key Points: 
  • RetireOne® , the leading independent platform for fee-based insurance solutions, and Midland National Life Insurance Company (Midland National) today announced enhancements to the Constance contingent deferred annuity (CDA) designed to make the CDA easier to integrate into a financial advisor’s practice and more straightforward to communicate with clients.
  • With feedback and collaboration from registered investment advisor (RIA) firms, Midland National® and RetireOne have reduced costs and simplified the fee structure.
  • As a result, advisor fee billing no longer impacts the cost of the certificate fee to the client.
  • “Since launching this innovative income solution, we’ve received feedback from many RIAs,” said Cooper Sinclair , vice president of advisory distribution at Midland National.

North Texas Food Bank Launches “Face of Hunger” Holiday-giving Campaign

Retrieved on: 
Tuesday, November 1, 2022
Awareness, Foreign policy, North Texas Food Bank, Face, Health, Color, Organization, GLOBE, Holiday, SNAP, Housing, Hope, Temporary Emergency Food Assistance Program, Food, Medicine, De Beaumont Foundation, Prevalence, Sammons Enterprises, Food bank, Food security, Meal, Agriculture, Grocery store, Hunger

Dallas, Nov. 01, 2022 (GLOBE NEWSWIRE) -- The North Texas Food Bank (NTFB) launched The Face of Hunger holiday-giving campaign today to raise awareness that hunger affects nearly 700,000 North Texans.

Key Points: 
  • Dallas, Nov. 01, 2022 (GLOBE NEWSWIRE) -- The North Texas Food Bank (NTFB) launched The Face of Hunger holiday-giving campaign today to raise awareness that hunger affects nearly 700,000 North Texans.
  • The campaign highlights the prevalence of hunger in North Texas and the people that it impacts.
  • Due to inflation, the North Texas Food Bank reports that the need for food assistance is greater today than it was at the height of the pandemic.
  • For more information and to donate, visit www.FaceOfHunger.org
    The North Texas Food Bank (NTFB) is a top-ranked nonprofit hunger-relief organization that sources, packages and distributes food through a diverse network of more than 400 feeding partners including food pantries and community organizations across 13 North Texas counties.

Retiring US Special Operations Forces: What Comes Next for These Heroes?

Retrieved on: 
Tuesday, October 18, 2022
Dancing Star Foundation, Marketing, Veteran, Observation, Attention, Employment, Navy, Special operations, Multimedia, Star network, Special Operations Forces (Russia), United States Air Force Combat Control Team, STAR, Mentorship, United States special operations forces, Sammons Enterprises, Marine Raiders, CEO, Founder, View, Interview, SOF, Adam Steffey, Foot, Employment agency, Public relations, Tutoring, Operation, Tampa Bay, Ranger

TAMPA, Fla., Oct. 18, 2022 /PRNewswire/ -- Today,  Naviga Recruiting & Executive Search is a North American Sales, Marketing and Operations retained search firm. Kathleen Steffey, CEO and Founder of Naviga Recruiting & Executive Search is excited to announce her participation as a member of the exclusive STAR Network (SOF Transition Assistance Resource) in Tampa Bay.  This non-profit provides US Special Operations Forces, who are retiring, with the tools and networking skills to effectively gain civilian employment in the Tampa Bay area.

Key Points: 
  • TAMPA, Fla., Oct. 18, 2022 /PRNewswire/ -- Today, Naviga Recruiting & Executive Search is a North American Sales, Marketing and Operations retained search firm.
  • This non-profit provides US Special Operations Forces, who are retiring, with the tools and networking skills to effectively gain civilian employment in the Tampa Bay area.
  • Naviga Recruiting & Executive Search helps US Special Operations Forces transition into the civilian workforce.
  • "When Errol Menke, Managing Partner of EJ-Vestco Industries, introduced me to this wonderful organization, I was immediately interested," said Steffey.