Europe

Bank of America Corporation Files Annual Report on Form 10-K

Wednesday, February 24, 2021 - 11:27pm

Bank of America Corporation informed its securities holders that its Annual Report on Form 10-K for the fiscal year ended 31 December 2020 has been filed with the U.S. Securities and Exchange Commission (SEC) on 24 February 2021.

Key Points: 
  • Bank of America Corporation informed its securities holders that its Annual Report on Form 10-K for the fiscal year ended 31 December 2020 has been filed with the U.S. Securities and Exchange Commission (SEC) on 24 February 2021.
  • Bank of America Corporation makes available all of its SEC filings on its website: http://investor.bankofamerica.com/phoenix.zhtml?c=71595&p=irol-irhome .
  • The SEC maintains a website that contains reports, proxy statements and other information regarding issuers that file electronically with the SEC.
  • A copy of the document will also be available on the Officially Appointed Mechanisms website at https://www.bourse.lu/issuer/BankofAmerCorp/35519 .

Whitebox Advisors Issues Open Letter to Shareholders of LG Corporation

Wednesday, February 24, 2021 - 11:00pm

Whitebox Advisors LLC today issued the below open letter to shareholders of LG Corporation (KRX: 003550).

Key Points: 
  • Whitebox Advisors LLC today issued the below open letter to shareholders of LG Corporation (KRX: 003550).
  • Whitebox Advisors LLC (together with its affiliates, Whitebox or we) is a long-term shareholder of LG Corporation (LG or the Company).
  • Whitebox believes that shareholders can help encourage LG to focus on this opportunity by sending a clear message and voting against the proposed Spin-Off.
  • Whitebox is by no means soliciting or requesting other shareholders to grant or deliver their proxies to Whitebox for the Meeting.

AM Best Assigns Credit Ratings to Eureka-Re SCC

Wednesday, February 24, 2021 - 9:20pm

AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb+ to Eureka-Re SCC (Eureka) (Barbados).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb+ to Eureka-Re SCC (Eureka) (Barbados).
  • The outlook assigned to these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

nVent Electric plc to Host Live Webcast of Investor and Analyst Meeting on March 3

Wednesday, February 24, 2021 - 9:30pm

nVent Electric plc (NYSE:NVT) (nVent), a global leader in electrical connection and protection solutions, today announced it will host a meeting with institutional investors and security analysts on Wednesday, March 3 from 9 a.m. to approximately 12:00 p.m. EST.

Key Points: 
  • nVent Electric plc (NYSE:NVT) (nVent), a global leader in electrical connection and protection solutions, today announced it will host a meeting with institutional investors and security analysts on Wednesday, March 3 from 9 a.m. to approximately 12:00 p.m. EST.
  • nVent executive leaders will discuss the companys strategy and their views on its future opportunities in the electrification of everything.
  • A link to register and attend the live event is available here or at https://investors.nvent.com/investor-relations where the materials and audio replay will be posted.
  • nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER
    nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER are trademarks owned or licensed by nVent Services GmbH or its affiliates.

Farfetch to Participate in Virtual Investor Conferences

Wednesday, February 24, 2021 - 9:30pm

Farfetch Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, today announced its participation at the following virtual investor conferences.

Key Points: 
  • Farfetch Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, today announced its participation at the following virtual investor conferences.
  • A replay of the webcasts will be available for 30 days following the live events at the same website.
  • Farfetch Limited is the leading global platform for the luxury fashion industry.
  • Farfetch offers its broad range of consumer-facing channels and enterprise level solutions to the luxury industry under its Luxury New Retail initiative.

Maastricht Univerisity Medical Center Commences Procedures

Wednesday, February 24, 2021 - 8:47pm

Imricor Medical Systems, Inc. (Company or Imricor) (ASX:IMR) the global leader in MRI-guided cardiac ablation products, is pleased to announce the Maastricht University Medical Centre+ (MUMC+) in the Netherlands has commenced procedures since the extended lockdowns across Europe precluded elective surgeries.

Key Points: 
  • Imricor Medical Systems, Inc. (Company or Imricor) (ASX:IMR) the global leader in MRI-guided cardiac ablation products, is pleased to announce the Maastricht University Medical Centre+ (MUMC+) in the Netherlands has commenced procedures since the extended lockdowns across Europe precluded elective surgeries.
  • While we have just started in iCMR, it is obvious to see the future of this technology and where it will take us and patient treatment.
  • Imricors Chair and CEO, Steve Wedan, commented: This is great news and an exciting step forward, as we start to put COVID behind us.
  • We continue to actively plan for the easing of COVID restrictions, including scheduling training and installation at new sites and supporting the recommencement of procedures at existing sites.

Best’s Commentary: Auto Insurance Rate Spikes in Argentina Could Lead to Shifts in Market Share

Wednesday, February 24, 2021 - 8:34pm

AM Best believes an anticipated spike in automobile insurance rates in Argentina could lead to insurance companies losing market share, although raising prices may help minimize short-term financial fallout from a potential increase in loss frequency as the economy gradually re-opens.

Key Points: 
  • AM Best believes an anticipated spike in automobile insurance rates in Argentina could lead to insurance companies losing market share, although raising prices may help minimize short-term financial fallout from a potential increase in loss frequency as the economy gradually re-opens.
  • The costs of spare parts and repairs also have escalated.
  • With automobile ownership becoming more expensive, sums assured also have increased, and thus, policy prices.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Partners Life Selects the FINEOS Platform for Claims

Wednesday, February 24, 2021 - 9:00pm

FINEOS Corporation ( ASX:FCL ), the market-leading provider of group and individual core systems for life, accident and health insurance, today announced that Partners Life , following a comprehensive market evaluation of Claims Management System vendors, has selected the FINEOS Platform for life insurance and medical claims.

Key Points: 
  • FINEOS Corporation ( ASX:FCL ), the market-leading provider of group and individual core systems for life, accident and health insurance, today announced that Partners Life , following a comprehensive market evaluation of Claims Management System vendors, has selected the FINEOS Platform for life insurance and medical claims.
  • The Partners Life and FINEOS partnership will bring about changes focused on replacing existing claims systems and processes with a differentiated value proposition.
  • Speaking about the selection, Tracey Lonergan , Partners Life Chief Claims Officer said, Claims service is at the core of Partners Lifes business and so when we looked for a credible provider it was important that the provider had the capability, experience and infrastructure to deliver and support a Claims Management System that would integrate into the Partners Life ecosystem.
  • Our initial collaboration has been extremely positive, and we envisage that the project will deliver high quality results
    Commenting on the deal, Michael Kelly , CEO, FINEOS added, Were delighted that Partners Life has selected to partner with FINEOS and adopt the FINEOS Platform for life insurance and medical claims.

Hess Corporation Donates $2 Million to Houston’s Winter Storm Relief Efforts

Wednesday, February 24, 2021 - 6:58pm

Hess Corporation (NYSE: HES) today announced that it is donating $1 million to the Houston Harris County 2021 Winter Storm Relief Fund and $1 million to the Houston Food Bank following the severe winter storm that has significantly impacted communities already suffering from the economic effects of the COVID-19 pandemic.

Key Points: 
  • Hess Corporation (NYSE: HES) today announced that it is donating $1 million to the Houston Harris County 2021 Winter Storm Relief Fund and $1 million to the Houston Food Bank following the severe winter storm that has significantly impacted communities already suffering from the economic effects of the COVID-19 pandemic.
  • Our hearts go out to the many families who are struggling to recover from this devastating storm, said CEO John Hess.
  • We are proud to support Mayor Turner and community leaders across Houston in providing relief for our most vulnerable neighbors, said COO Greg Hill.
  • Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.