International Marxist Group

AIG Announces Launch of Secondary Offering of Corebridge Financial, Inc. Common Stock

Retrieved on: 
Monday, November 6, 2023
Finance, Consulting, Banking, Professional Services, Insurance, American International Group, Sale, International Marxist Group, NYSE, J. P. Morgan, Telephone, Attention, AIG, Corebridge Financial, Prospectus, J.P. Morgan & Co., Broadridge Financial Solutions, Security (finance)

American International Group, Inc. (NYSE: AIG) today announced the launch of a secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced the launch of a secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock.
  • AIG, as the selling stockholder, is offering 50 million existing shares of common stock (out of approximately 631 million total shares of common stock outstanding) of Corebridge and has granted a 30-day option to the underwriters to purchase up to an additional 7.5 million shares.
  • The last reported per share sale price of Corebridge Financial’s common stock on November 3, 2023 was $21.08.
  • The proposed offering of common stock is being made only by means of a prospectus and accompanying prospectus supplement.

AIG Commences Cash Tender Offer for Debt Securities

Retrieved on: 
Monday, November 6, 2023
Banking, Professional Services, Insurance, Finance, American International Group, SMBC Nikko Securities, NYSE, Tender, Telephone, News, Exercise, Nature, Participation, BNP Paribas, AIG, Personal Information Agent, International Marxist Group, BofA Securities, Security (finance)

American International Group, Inc. (NYSE: AIG) today commenced a cash tender offer for 13 series of its outstanding debt securities.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today commenced a cash tender offer for 13 series of its outstanding debt securities.
  • The complete terms of the tender offer are set forth in the offer to purchase, dated today.
  • Securities that are accepted in the tender offer will be purchased, retired, and cancelled by AIG.
  • Subject to applicable law, AIG may waive certain of these conditions or extend, terminate or otherwise amend the tender offer.

AIG Completes Sale of Validus Re to RenaissanceRe

Retrieved on: 
Wednesday, November 1, 2023
Asset Management, Professional Services, Insurance, American International Group, Sale, Wachtell, Lipton, Rosen & Katz, DeBevoise, NYSE, Acquisition, Martha Plimpton, AIG, RenaissanceRe, J.P. Morgan & Co., International Marxist Group, Western world

American International Group, Inc. (NYSE: AIG) today announced that is has successfully completed the previously announced sale of Validus Re to RenaissanceRe.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that is has successfully completed the previously announced sale of Validus Re to RenaissanceRe.
  • AIG received total consideration of $3.3 billion in cash, including a pre-closing dividend, and approximately $275 million in RenaissanceRe common shares.
  • As disclosed in May 2023, AIG will retain Talbot Underwriting and Western World, which the company purchased as part of its acquisition of Validus Holdings, Ltd. in 2018.
  • and J.P. Morgan Securities LLC acted as financial advisors, and Wachtell, Lipton, Rosen & Katz and Debevoise & Plimpton LLP acted as legal counsel for AIG.

Markel strengthens its distribution team with digital & portfolio expertise

Retrieved on: 
Monday, November 6, 2023
Digital, Insurance, DS, MKL, NYSE, Chubb, Habit, Growth, AIG, Risk, Markel Corporation, Lead, American International Group, Three Mile Island accident health effects, International Marxist Group, Wholesaling, Management

LONDON, Nov. 6, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has appointed Chris Conyard as Digital & Portfolio Executive in its distribution strategies and business development (DS&BD) team.

Key Points: 
  • LONDON, Nov. 6, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has appointed Chris Conyard as Digital & Portfolio Executive in its distribution strategies and business development (DS&BD) team.
  • He will also play an imperative role in helping to lead and develop Markel's distribution strategy.
  • Conyard will be based at Markel's London office and report to Dan Martin, Managing Director of DS&BD at Markel International.
  • Conyard added: "Markel's Wholesale DS&BD team has gone from strength-to-strength under Dan's leadership, and I am looking forward to working within this vibrant and growing team.

Markel strengthens its distribution team with digital & portfolio expertise

Retrieved on: 
Monday, November 6, 2023
Digital, Insurance, DS, MKL, NYSE, Chubb, Habit, Growth, AIG, Risk, Markel Corporation, Lead, American International Group, Three Mile Island accident health effects, International Marxist Group, Wholesaling, Management

LONDON, Nov. 6, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has appointed Chris Conyard as Digital & Portfolio Executive in its distribution strategies and business development (DS&BD) team.

Key Points: 
  • LONDON, Nov. 6, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has appointed Chris Conyard as Digital & Portfolio Executive in its distribution strategies and business development (DS&BD) team.
  • He will also play an imperative role in helping to lead and develop Markel's distribution strategy.
  • Conyard will be based at Markel's London office and report to Dan Martin, Managing Director of DS&BD at Markel International.
  • Conyard added: "Markel's Wholesale DS&BD team has gone from strength-to-strength under Dan's leadership, and I am looking forward to working within this vibrant and growing team.

COFICERT: Sixth certificate of conformity to MSI 20000 standard in favor of SFBT

Retrieved on: 
Thursday, October 26, 2023
Subprime crisis impact timeline, International Marxist Group, ESG, Certification, Financial management, MSI, SFBT, SGS, Sustainable finance, Marketing, Drink, France, ISO, AML, COVID-19, Longevity, Audit, Security (finance)

SFBT's continuous compliance with the MSI 20000 standard, validated annually for over 15 years, affirms the quality of the group's fundamentals.

Key Points: 
  • SFBT's continuous compliance with the MSI 20000 standard, validated annually for over 15 years, affirms the quality of the group's fundamentals.
  • This sixth certificate is a genuine tribute from the SFBT family to its senior member, Mr. Bousbia.
  • Born in Europe in the aftermath of the subprime crisis, the MSI 20000 certification is issued by international certification bodies.
  • The standard was by the MSI Observatory and is governed internationally by the IGSF (International Group for Sustainable Finance) .

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.

Janus International Group to Report Third Quarter 2023 Results on November 6, 2023

Retrieved on: 
Monday, October 23, 2023
Hardware, Building Systems, Commercial Building & Real Estate, Technology, Construction & Property, Janus, Domestic, JBI, Conference, NYSE, Webcast, International, International Marxist Group, Video game

Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading global provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, announced today that the Company will release its third quarter 2023 financial results before the market opens on Monday, November 6, 2023.

Key Points: 
  • Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading global provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, announced today that the Company will release its third quarter 2023 financial results before the market opens on Monday, November 6, 2023.
  • A webcast and conference call will be held that same day at 10:00 a.m.
  • ET to review the Company’s third quarter results and conduct a question-and-answer session.
  • Upon dialing in, please request to join the Janus International Group Third Quarter 2023 Earnings Conference Call.

COFICERT: Amen Bank confirms its third MSI 20000 certification cycle

Retrieved on: 
Tuesday, October 17, 2023
Terrorism, Certification, ESG, Risk management, Sustainable finance, MSI, Amen Bank, Social responsibility, Heart, AML, LCR, SGS, Corruption, International Marxist Group, ISO, Environment, Growth, Speech, Uncertainty, BANK, France, AMEN, Audit, Cryptocurrency, Security (finance)

AMEN BANK has been awarded the MSI 20000 certification for the third consecutive time following the process of the bank’s continuous evaluation.

Key Points: 
  • AMEN BANK has been awarded the MSI 20000 certification for the third consecutive time following the process of the bank’s continuous evaluation.
  • The french certification body COFICERT certifies AMEN BANK for the second time, after the Swiss organization SGS, which, as a reminder, issued the first MSI 20000 compliance certificate for AMEN BANK.
  • AMEN BANK has been integrating MSI 20000 Standard evaluations into a program initiated several years ago.
  • Born in Europe in the aftermath of the subprime crisis, the MSI 20000 certification is issued by international certification bodies.

EDC and PT Indonesia Infrastructure Finance announce partnership to support Canadian infrastructure exports

Retrieved on: 
Tuesday, October 10, 2023
Partnership, Senior, COVID-19, MOU, ESG, Corporation, Memorandum of understanding, GDP, Indo-Pacific, International Marxist Group, Capital Markets Union, EDC, Export Development Canada, Telecommunications, Renewable energy

OTTAWA, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Export Development Canada (EDC) has signed a Memorandum of Understanding (MoU) with PT Indonesia Infrastructure Finance (IIF) to accelerate Canada’s participation in infrastructure development in Indonesia.

Key Points: 
  • OTTAWA, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Export Development Canada (EDC) has signed a Memorandum of Understanding (MoU) with PT Indonesia Infrastructure Finance (IIF) to accelerate Canada’s participation in infrastructure development in Indonesia.
  • The signing ceremony took place at IIF’s office on Sept. 27, on the margins of EDC’s Jakarta office representation opening .
  • While Canada has a long history of supporting commodity and airplane exports to Indonesia, there is a significant opportunity now for institutional investors eyeing infrastructure projects.
  • Similar to EDC, IIF sees opportunity on the horizon with this new partnership, for both Canada and Indonesia.