National Organization of Life and Health Insurance Guaranty Associations

PartnerRe Ltd. Declares Dividend on Preferred Shares

Retrieved on: 
Wednesday, November 8, 2023

PartnerRe Ltd. (“the Company”) announced that its Board of Directors has declared a dividend for the period September 15, 2023 – December 14, 2023 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J.

Key Points: 
  • PartnerRe Ltd. (“the Company”) announced that its Board of Directors has declared a dividend for the period September 15, 2023 – December 14, 2023 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J.
  • The dividend is payable on December 15, 2023 to shareholders of record on November 30, 2023.
  • PartnerRe Ltd. is a leading global reinsurer that helps insurance companies reduce their earnings volatility, strengthen their capital and grow their businesses through reinsurance solutions.
  • At June 30, 2023, total assets were $30.2 billion, total capital was $9.0 billion and total shareholders’ equity was $7.1 billion.

Emmanuel Dubreuil and François Bucchini Appointed to PartnerRe’s Board

Retrieved on: 
Tuesday, November 7, 2023

Joining the Board are Emmanuel Dubreuil and François Bucchini, effective November 7, 2023.

Key Points: 
  • Joining the Board are Emmanuel Dubreuil and François Bucchini, effective November 7, 2023.
  • Mr. Dubreuil and Mr. Bucchini replace Sylvestre Frézal and Thierry Francq.
  • Mr. Dubreuil is Head of Insurance and Reinsurance Initiatives at Covéa.
  • Commenting on the appointments, PartnerRe Board Chairman, Thierry Derez said, “On behalf of the Board, Jacques Bonneau and I would like to thank Sylvestre and Thierry for their contributions during their time on the PartnerRe Board.

Advisor team The Betesh Group joins UBS in New York City

Retrieved on: 
Tuesday, October 10, 2023

UBS Wealth Management USA today announced that two Financial Advisors, Morris and Irving Betesh, The Betesh Group, have joined the firm in New York City.

Key Points: 
  • UBS Wealth Management USA today announced that two Financial Advisors, Morris and Irving Betesh, The Betesh Group, have joined the firm in New York City.
  • “We continue to focus on recruiting and retaining the most talented financial advisors in the industry,” said Kellie Brady, Market Director at UBS.
  • Morris I. Betesh joins UBS as a Financial Advisor and Portfolio Manager.
  • Irving M. Betesh joins UBS as a Financial Advisor and Portfolio Manager.

Afinida Insurance, A Trucept Company, Announces Key Hire To Drive Growth

Retrieved on: 
Tuesday, August 29, 2023

SAN DIEGO, Aug. 29, 2023 /PRNewswire/ -- Trucept Inc. (OTC Pink: TREP) Today Afinida Insurance announced the addition of Viola Williams as Director of Sales Operations.

Key Points: 
  • SAN DIEGO, Aug. 29, 2023 /PRNewswire/ -- Trucept Inc. (OTC Pink: TREP) Today Afinida Insurance announced the addition of Viola Williams as Director of Sales Operations.
  • A dedicated educator, Williams has mentored over 300 new agents, guiding them to licensure in Life and Health, and Property and Casualty.
  • In her new role, she will be responsible for implementing new processes and procedures to drive the expected exponential growth within the division.
  • Trucept and its subsidiaries offer professional services that help businesses navigate growth.

PartnerRe Ltd. Declares Dividend on Preferred Shares

Retrieved on: 
Wednesday, August 2, 2023

PartnerRe Ltd. (“the Company”) announced that its Board of Directors has declared a dividend for the period June 15, 2023 – September 14, 2023 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J.

Key Points: 
  • PartnerRe Ltd. (“the Company”) announced that its Board of Directors has declared a dividend for the period June 15, 2023 – September 14, 2023 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J.
  • The dividend is payable on September 15, 2023 to shareholders of record on August 31, 2023.
  • PartnerRe Ltd. is a leading global reinsurer that helps insurance companies reduce their earnings volatility, strengthen their capital and grow their businesses through reinsurance solutions.
  • At December 31, 2022, total assets were $27.3 billion, total capital was $8.1 billion and total shareholders’ equity was $6.3 billion.

PartnerRe Ltd. Reports First Half 2023 Results

Retrieved on: 
Tuesday, August 1, 2023

PartnerRe Ltd. ("the Company") today reported first half 2023 results.

Key Points: 
  • PartnerRe Ltd. ("the Company") today reported first half 2023 results.
  • Our operating income of $636 million for the first half of 2023 continued its growth trend, up 24% compared to the first half of 2022.
  • The contribution from the Life and Health business continues to be a positive source of earnings to the group as premium volume grows.
  • Please click here to access the PartnerRe News page for the full release.

PartnerRe Ltd. Declares Dividend on Preferred Shares

Retrieved on: 
Tuesday, May 16, 2023

PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period March 15, 2023 – June 14, 2023 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J.

Key Points: 
  • PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period March 15, 2023 – June 14, 2023 of $0.3046875 per share on the Company’s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J.
  • The dividend is payable on June 15, 2023 to shareholders of record on May 31, 2023.
  • PartnerRe Ltd. is a leading global reinsurer that helps insurance companies reduce their earnings volatility, strengthen their capital and grow their businesses through reinsurance solutions.
  • At December 31, 2022, total assets were $27.3 billion, total capital was $8.1 billion and total shareholders’ equity was $6.3 billion.

First quarter 2023 results under IFRS 17: SCOR generates a net income of EUR 311 million and significantly increases its Economic Value in Q1 2023

Retrieved on: 
Friday, May 12, 2023

Group insurance revenue stands at EUR 3,926 million in Q1 2023, down 4.2% at constant exchange rates (down 2.0% at current exchange rates) compared with Q1 2022.

Key Points: 
  • Group insurance revenue stands at EUR 3,926 million in Q1 2023, down 4.2% at constant exchange rates (down 2.0% at current exchange rates) compared with Q1 2022.
  • The insurance service result7 stands at EUR 272 million and new business CSM stands at EUR 192 million in Q1 2023.
  • SCOR Investments delivers a return on invested assets of 2.9%8 and a regular income yield of 2.8%9 in Q1 2023.
  • The Group net income stands at EUR 311 million for Q1 2023, implying an annualized return on equity of 29.7%.

Laredo ISD Students Earn CISR Designation, Start Internships with IBC Insurance Agency

Retrieved on: 
Monday, April 17, 2023

AUSTIN, Texas, April 17, 2023 /PRNewswire/ -- Seven Laredo Independent School District students earned the Certified Insurance Service Representative (CISR) designation in January through an innovative high school program.

Key Points: 
  • AUSTIN, Texas, April 17, 2023 /PRNewswire/ -- Seven Laredo Independent School District students earned the Certified Insurance Service Representative (CISR) designation in January through an innovative high school program.
  • Administered by The National Alliance for Insurance Education & Research, the CISR High School Program provided the students with the opportunity to earn the nationally recognized insurance designation before graduation.
  • "It's an incredible accomplishment to earn the CISR designation in just twelve months, even more so while being a full-time high school student.
  • Dale Randol, President and CEO of IBC Insurance Agency ensured the students' experience with the risk and insurance industry does not stop with the designation, they hired eight students as interns for the remainder of the academic year.

2022 Annual Results: SCOR ends 2022 with a net income of EUR 208 million in Q4 and proposes a dividend of EUR 1.40 per share

Retrieved on: 
Thursday, March 2, 2023

SCOR ends 2022 with an accounting loss of EUR 301 million, which has been significantly reduced by the strong results in the fourth quarter.

Key Points: 
  • SCOR ends 2022 with an accounting loss of EUR 301 million, which has been significantly reduced by the strong results in the fourth quarter.
  • In Q4 2022, the Group generates a net income of EUR 208 million (equivalent to an annualized RoE of 16.8%), with each of the three business units delivering a positive result.
  • This net loss is reduced compared to Q3 2022 thanks to the Group’s strong performance and net income of EUR 208 million in Q4 2022.
  • SCOR therefore proposes a dividend of EUR 1.40 per share for the fiscal year 2022.