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UK roundup: Zurich Assurance, Mercer, FCA, Threadneedle

first_imgZurich Assurance has agreed a life longevity hedge for an undisclosed UK pension plan.The hedge, for £90m (€124m) of pension member liabilities, is structured as a “whole of life” insurance policy and covers approximately 200 named pensioners and contingent dependants, hence the “named life” label.Mercer was the lead advisory to the trustees of the plan.Zurich UK immediately reinsured the risk with Pacific Life Re. Suthan Rajagopalan, lead transaction adviser and head of longevity reinsurance at Mercer, said named life longevity hedges had previously only been executed for schemes with more than £400m of liabilities.He added: “This deal unlocks the door to competitive longevity reinsurance pricing for small and medium-sized schemes, which are more exposed to so-called concentration risk, where there is greater variability in members’ life expectancy due to diverse pension amounts in smaller populations.”In other news, the Financial Conduct Authority (FCA) has fined Threadneedle Asset Management £6m in relation to incidents in 2011.The FCA said the fine was for “failing to put in place adequate controls in the fixed income area of its front office, and for providing inaccurate information to the regulator and for failing to correct the inaccurate representation for four months”.Responding to the FCA’s statement on the fine, Threadneedle said that, in August 2011, it was the intended victim of an attempted fraudulent trade involving collusion between a Threadneedle employee, an external broker and an FSA-regulated entity.“Threadneedle has cooperated fully with the regulator’s investigation,” it added.“Today’s fine relates to these historic events. We are confident the issues identified have been fully addressed and are pleased to move forward and continue to focus on delivering for our clients.”last_img read more

El Clasico: How Ronaldo saw Vinicius Jr’s goal replace Messi’s record

first_imgWE ASKED, HE ANSWERED.WE HOPE, HE DIDN’T LET US DOWN.WE BACKED HIM, HE PROVED US RIGHT.VINICIUS JUNIOR, THIS IS THE NIGHT THE BIG CAREER OFFICIALLY STARTS!STAR! WE LOVE YOU! @viniciusjr SUUUUUUUUUUUUUUUIIIIIIIIII!! pic.twitter.com/QEoQGkFW8v— BlancoTalks (@BlancoTalks) March 1, 2020 The Portuguese superstar, who left Real Madrid for Juventus in the summer of 2018, was at his old stomping ground for the eagerly-anticipated Clasico after his current club’s Serie A clash against Inter Milan was called off due to health concerns. And he didn’t leave disappointed. Real Madrid leapfrogged Barcelona into pole position after beating the Catalan club 2-0 in front of their home supporters. Second-half goals from Vinicius Junior and Mariano Diaz, in the 71st and 92nd minutes respectively, sealed all three points for Zinedine Zidane’s side. Barcelona were extremely disappointing on the night, with Lionel Messi and co. failing to take the game by the scruff of the neck. Promoted Content10 Risky Jobs Some Women DoWhich Country Is The Most Romantic In The World?A Hurricane Can Be As Powerful As 10 Atomic BombsWhat Is A Black Hole And Is It Dangerous For Us All?9 Best Movie Robots Of All TimeCouples Who Celebrated Their Union In A Unique, Unforgettable WayBest & Worst Celebrity Endorsed Games Ever Made9 Facts You Should Know Before Getting A TattooTop 10 Most Famous Female Racers Of All Time10 Of The Dirtiest Seas In The WorldHere Are The Top 10 Tiniest Mobile Phones On The Planet!This Is The First Meme Ever, According To The Internet Admitting it had been a “difficult week” following last week’s defeat to Manchester City in the Champions League, Zidane added: “We had a tough game against Manchester City and we played well for 80 minutes against them but lost the game. “I wouldn’t say the players were affected by the defeat but we did speak a lot about this game being an opportunity. I have a great team and this result gives us a boost.” Vinicius Junior became the youngster player to score in El Clasico in the 21st century – beating the record previously held by Lionel Messi. The 19-year-old netted the opening goal of the game as Real Madrid ran out 2-0 winners over bitter rivals Barcelona at the Bernabeu on Sunday. Cristiano Ronaldo returned to the Bernabeu for the first time since leaving the Spanish giants on Sunday night.center_img Messi became the youngest player in the modern era to score in the world-famous fixture when he hit the back of the net in a 3-3 draw at the Nou Camp in March, 2007. But according to Opta, Brazilian forward Vinicius was 26 days younger when he helped win the derby for Real Madrid, who subsequently leapfrogged Barcelona in La Liga. Read Also:Beckham confirms Inter Miami’s interest in Messi,Ronaldo Neymar ‘launches fresh legal battle’ with Barcelona placing summer transfer in doubt The teenager wormed his way inside and saw his shot deflected past Marc-Andre ter Stegen via Gerard Pique’s foot. FacebookTwitterWhatsAppEmail分享 Loading… But full credit must go to the hosts, who deserved their 2-0 victory. Ronaldo, who was spotted in one of the Bernabeu’s executive boxes, watched on as Vinicius broke the deadlock via a deflection off Gerard Pique. Zidane, whose side now sit one point above their fierce rivals with 12 fixtures remaining, praised Vinicius for playing a key role in the victory. “Vinicius played well not just going forward but also defensively. He has the physical capacities,” the Frenchman was quoted as saying by the Daily Maillast_img read more

Franciscan Sisters name new officers

first_imgFront L to R: S. Christa Franzer and S. Delouise Menges Back L to R: S. Annette Grisley and S. Barbara LeonhardOldenburg, In. — The Franciscan Sisters of Oldenburg completed their Chapter of Elections on Saturday, April 15 and elected the following Sisters to lead their Community beginning July 1.Sister Christa Franzer will lead the Community of 183 Sisters as the Congregational Minister.  Franzer is from Dayton, OH and is a graduate of Marian University, Xavier University, and the University of Notre Dame.  She has ministered in education and currently serves in the Community’s finance office in Oldenburg and is a Marian University board member.  The servant leader previously served on Council from 2006-2012, and from 1994-2000.Sister Delouise Menges will serve as the First Councilor.  She is originally from Cincinnati, OH and is a graduate of Marian University, University of Notre Dame, and St. Mary’s University of Winona, MN.  She has ministered in education for the past 47 years, currently at St. Veronica School in Cincinnati.Sister Barbara Leonhard will serve as a Councilor, and is originally from St. Charles, MO.  Leonhard is a graduate of Marian University, Catholic Theological Union of Chicago and the Theological Union of Berkeley, CA.  She currently ministers as a workshop and retreat leader and also provides spiritual direction based in Oldenburg.Sister Annette Grisley will serve as a Councilor, and is originally from Logansport, IN.  Grisley is a graduate of Marian University, Xavier University and St. Mary’s College of Winona, MN, and currently serves as a Pastoral Associate at Holy Angels Church in Dayton, OH.The newly-elected governing council will serve from July 1, 2018 – June 30, 2024.last_img read more

We want more: UW 1 win from title

first_imgBRYAN FAUST/Herald PhotoMILWAUKEE — Badger smiles lit downtown Milwaukee Thursday night as the University of Wisconsin men’s hockey team defeated the Black Bears of Maine 5-2 to advance to the Frozen Four final for the first time since 1992.The 17,691 fans in attendance at the Bradley Center in Milwaukee saw a Badger team overcome big-game jitters and a less-than-perfect performance on defense with outstanding special teams.”Specialty teams are so huge in college hockey,” defenseman Tom Gilbert said. “It gives us momentum to go back out there five-on-five and know that if we do get a penalty, we’re going to go out there and kill it off.”Special teams played an important role for the Badgers early, as they found themselves shorthanded six times in the first two periods but killed all six Maine power plays.An even-handed goal by Adam Burish broke the early tie, while both teams seemed to be in a feeling-out process. Burish took a pass from Joe Pavelski on the right side of the net, but Maine goaltender Ben Bishop closed off the angle. Burish’s attempt to pass the puck across the crease took a fortuitous bounce off Black Bear defenseman Travis Wight’s shin pad and into the net.Maine answered with an unusual goal of its own seven minutes later. With the Black Bears on the attack, Maine forward Michel Leveille skated across the blue line full-speed and took a shot from between the circles. His shot bounced off the right skate of Badger defenseman Matt Olinger, who was playing in front of Elliott, bounced around underneath Elliott’s pads and slid past the goal line.Special teams was the name of the game in the second frame. Early in the period and with Gilbert in the penalty box, Ross Carlson stole the puck at the blue line and raced into the Black Bear zone with only defenseman Bret Tyler to beat. Tyler poked the puck away from Carlson briefly, but Carlson quickly gathered it up and wristed a liner underneath Bishop’s pads.”It meant a lot to our team to get that shorthanded goal and just keep rolling,” Carlson said. “We didn’t let them win one-on-one battles very much, so that was a big thing for us.”Carlson’s goal gave the Badgers a 2-1 lead and some momentum, which neither team had really gained up to that point in the game.Earl kept that energy going for the Badgers with another special-teams goal, this time on the power play. After an Elliott save neutralized a Maine shorthanded opportunity, things quickly turned the other direction, and Earl and Burish found themselves in a two-on-one breakaway. Earl carried the puck into the zone and took a shot that rifled through Bishop’s five-hole.It looked like the Badgers were on their way to victory, but after they failed to take advantage of a five-on-three power play at the beginning of the third period, their train began to slow.Maine brought it to almost a complete stop with a goal from Mike Lundin. Greg Moore fed Lundin the puck at the left circle, which Lundin shot past Badger goalie Brian Elliott’s glove side.Maine’s hopes were quickly squelched by a wacky Ben Street goal at 12:26 to give the Badgers a 4-2 lead. Street took a shot from the left side that was denied by Bishop, but after Carlson skated in and made an attempt of his own, he finally pounded it in with a backhander.”The thing was just laying there for me to put in,” Street said. “I was coming in too fast, but then I kind of gathered myself and stopped and then got some composure and buried the backhand.”The obviously pro-Wisconsin crowd lifted the Badgers all night, and when Earl put in an empty netter, the Bradley Center erupted with the joy that only a winning crowd can exude.”It was outstanding,” Burish said of the crowd. “Any time you have that support, it gives an extra boost, an extra push.”The Badgers also got another exceptional performance from Elliott in net. He saved 32 of 34 shots on the night, and one of the goals he gave up was really no fault of his own.”Brian’s got the philosophy he’s going to stop the ones he should, and three out of the five he shouldn’t,” UW head coach Mike Eaves said. “Tonight, that was his formula.”With Maine’s first goal, Elliott’s shutout streak ended at 269:52, which began against North Dakota March 17 and stretched over five games. That streak set a Badger and WCHA record.When the Badgers play Boston College in the Frozen Four final Saturday night, they will have a chance to set another record. Should they win, Wisconsin will be the first school in NCAA history to win both the men’s and women’s hockey national titles in the same season.”We’re playing on Saturday, so why not win it?” Street asked after Thursday’s game.last_img read more