Williams v Natural Life Health Foods Ltd

SCOR appoints Claudia Dill and Redmond Murphy to the Executive Committee

Retrieved on: 
Wednesday, September 27, 2023

Claudia Dill joins SCOR as Group Chief Operating Officer and member of the Executive Committee in charge of Technology, Transformation, Global Real Estate and Regional Services Platforms.

Key Points: 
  • Claudia Dill joins SCOR as Group Chief Operating Officer and member of the Executive Committee in charge of Technology, Transformation, Global Real Estate and Regional Services Platforms.
  • Redmond Murphy, previously Deputy Group Chief Financial Officer and Group Head of Business Performance, is appointed Deputy CEO of SCOR Life & Health and member of the Executive Committee.
  • Based in Dublin, Redmond Murphy will report to Frieder Knüpling, CEO of SCOR Life & Health.
  • Thierry Léger, Chief Executive Officer of SCOR, comments: “I am very pleased to welcome Claudia and Redmond to the Executive Committee.

SCOR launches its new strategic plan: “Forward 2026”

Retrieved on: 
Thursday, September 7, 2023

At its 2023 Investor Day in Paris, SCOR presents its new strategic plan for 2024-2026, Forward 2026.

Key Points: 
  • At its 2023 Investor Day in Paris, SCOR presents its new strategic plan for 2024-2026, Forward 2026.
  • With Forward 2026, SCOR will drive value creation for its shareholders, clients, employees, and for society as a whole.
  • Through this strategic plan, SCOR will strengthen its global leadership and become a dynamic, data-driven manager of risk, capital, and resources.
  • Fabrice Brégier, Chairman of SCOR, comments: “Thierry Léger and his team have built an ambitious strategic plan for SCOR for the next three years.

Lincoln Financial Network appoints Adam Wilson as new vice president of strategic partnerships

Retrieved on: 
Monday, September 11, 2023

Lincoln Financial Network (LFN) announced that Adam Wilson has joined as vice president of strategic partnerships, vendor and platform management.

Key Points: 
  • Lincoln Financial Network (LFN) announced that Adam Wilson has joined as vice president of strategic partnerships, vendor and platform management.
  • Reporting to John DiMonda, senior vice president, head of Lincoln Financial Advisors, Wilson is responsible for overseeing the strategic product partners, platform integration and strategic vendor management as well as tracking and creating new areas of opportunity for LFN.
  • Adam will help ensure we remain at the forefront of the industry with product, platform and technology partnerships we forge in support of our financial professionals and clients.”
    Wilson joins Lincoln Financial from LPL Financial, where he most recently served as vice president of strategic partnerships, technology and advisor solutions.
  • Prior to LPL, Wilson was a financial associate at Thrivent Financial.

Allianz Increases Operating Profit by 7.1% to 3.8 Billion Euros

Retrieved on: 
Thursday, August 10, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230809567686/en/
    Chief Executive Officer of Allianz SE (Photo: Allianz SE)
    Operating profit increases 7.1 percent to 3.8 billion euros; strong performance particularly in Life/Health and Property-Casualty business segments
    Operating profit increases 14.9 percent to 7.5 billion euros: primarily driven by Life/Health and Property-Casualty business segments
    Excellent Solvency II capitalization ratio of 208 percent, compared with 201 percent at the end of 4Q 20221
    2023 operating profit target confirmed at 14.2 billion euros, plus or minus 1 billion euros2
    Share buy-back of up to 1.5 billion euros on track: 2.9 million shares acquired for 0.6 billion euros until the end of July 2023.
  • We confirm our full-year outlook of operating profit of 14.2 billion euros, plus or minus 1 billion euros.”
    2Q 2023: Total business volume rose by 8.0 percent to 17.6 (16.3) billion euros.
  • Operating profit rose 16.3 percent to 3.9 (3.3) billion euros, driven by a significantly higher operating insurance service result and an improved operating investment result.
  • Positive net inflows of 2.7 billion euros and favorable market impacts of 2.0 billion euros were offset by negative foreign currency translation effects of 10.5 billion euros.

EQS-News: Allianz SE: Allianz increases operating profit by 7.1% to 3.8 billion euros - Group affirms full-year outlook

Retrieved on: 
Thursday, August 10, 2023

2Q 2023: Operating profit increased 7.1 percent to 3.8 (2Q 2022: 3.5) billion euros.

Key Points: 
  • 2Q 2023: Operating profit increased 7.1 percent to 3.8 (2Q 2022: 3.5) billion euros.
  • Shareholders’ core net income was strong at 2.5 (2Q 2022: 2.0) billion euros due to a higher operating profit.
  • We confirm our full-year outlook of operating profit of 14.2 billion euros, plus or minus 1 billion euros.”
    2Q 2023: Total business volume rose by 8.0 percent to 17.6 (16.3) billion euros.
  • Positive net inflows of 2.7 billion euros and favorable market impacts of 2.0 billion euros were offset by negative foreign currency translation effects of 10.5 billion euros.

Ping An ranked 33rd in the Fortune Global 500 List, 1st among global insurance enterprises

Retrieved on: 
Thursday, August 3, 2023

Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) ranked 33rd on the list with its revenue recorded USD181,566 million.

Key Points: 
  • Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) ranked 33rd on the list with its revenue recorded USD181,566 million.
  • The Group ranked 5th among global financial enterprises, ranked 4th among the Mainland Chinese financial enterprises, and maintained 1st place among global insurance enterprises for five consecutive years since 2019.
  • In 2022, Ping An's revenue amounted to RMB1.11 trillion, operating profit attributable to shareholders of the parent company reached RMB148,365 million.
  • Total assets surpassed RMB11.1 trillion, serving close to 227 million retails customers and more than 693 million internet users.

Ping An ranked 33rd in the Fortune Global 500 List, 1st among global insurance enterprises

Retrieved on: 
Thursday, August 3, 2023

Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) ranked 33rd on the list with its revenue recorded USD181,566 million.

Key Points: 
  • Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) ranked 33rd on the list with its revenue recorded USD181,566 million.
  • The Group ranked 5th among global financial enterprises, ranked 4th among the Mainland Chinese financial enterprises, and maintained 1st place among global insurance enterprises for five consecutive years since 2019.
  • In 2022, Ping An's revenue amounted to RMB1.11 trillion, operating profit attributable to shareholders of the parent company reached RMB148,365 million.
  • Total assets surpassed RMB11.1 trillion, serving close to 227 million retails customers and more than 693 million internet users.

Kemper Announces Schedule for Second Quarter 2023 Earnings Release and Preliminary Results

Retrieved on: 
Thursday, July 27, 2023

Combined ratios for the second quarter were adversely impacted by prior year claim reserve additions and current year catastrophes.

Key Points: 
  • Combined ratios for the second quarter were adversely impacted by prior year claim reserve additions and current year catastrophes.
  • Preliminary pre-tax current year catastrophe losses for the second quarter were approximately $39 million with the following attribution:
    Life & Health after-tax income for the quarter was approximately $9 million.
  • There were no applicable significant non-recurring items that Kemper excluded from the calculation of Adjusted Consolidated Net Operating Loss for the three months ended June 30, 2023.
  • Kemper will host its conference call to discuss second quarter 2023 results on Monday, August 7, 2023, at 5:00 pm Eastern (4:00 pm Central).

AM Best Affirms Credit Ratings of Munich Reinsurance Company and Its Subsidiaries

Retrieved on: 
Thursday, July 13, 2023

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of Munich Reinsurance Company (Munich Re) (Germany) and its subsidiaries.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of Munich Reinsurance Company (Munich Re) (Germany) and its subsidiaries.
  • AM Best also has affirmed the Long-Term ICR of “a” (Excellent) of Munich Re America Corporation (Munich Re America) (Princeton, NJ) and associated Long-Term Issue Credit Ratings (Long-Term IR).
  • The outlook of these Credit Ratings (ratings) is stable.
  • The FSR of A+ (Superior) and the Long-Term ICRs of “aa” (Superior) have been affirmed with stable outlooks for Munich Reinsurance Company and its following subsidiaries:

Allianz Increases Operating Profit by Almost a Quarter to 3.7 Billion Euros

Retrieved on: 
Friday, May 12, 2023

1Q 2023: Operating profit jumped 24.2 percent to 3.7 (1Q 2022: 3.0) billion euros.

Key Points: 
  • 1Q 2023: Operating profit jumped 24.2 percent to 3.7 (1Q 2022: 3.0) billion euros.
  • We confirm our full-year outlook of operating profit of 14.2 billion euros, plus or minus 1 billion euros.”
    1Q 2023: Total business volume rose by 11.2 percent to 24.1 (21.7) billion euros.
  • Operating profit surged by 22.7 percent to 1.9 (1.5) billion euros, due to a higher operating insurance service result that was partly offset by a slightly lower operating investment result.
  • Positive net inflows of 14.9 billion euros and favorable market impacts of 42.2 billion euros were partially offset by negative foreign currency translation effects of 23.4 billion euros.