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AM Best Places Credit Ratings of BNZ Life Insurance Limited Under Review With Negative Implications
December 18, 2020 GMT
SINGAPORE (BUSINESS WIRE) Dec 18, 2020
AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of BNZ Life Insurance Limited (BNZ Life) (New Zealand).
These Credit Rating (rating) actions follow the announcement on 16 December 2020, that National Australia Bank Limited, BNZ Life’s ultimate parent, has entered into an agreement to sell its New Zealand life insurance business, including BNZ Life, to Partners Life Limited (Partners Life). The transaction also includes the establishment of an exclusive 10-year agreement for the referral of Bank of New Zealand customers with life insurance needs to Partners Life. The total transaction consideration is NZD 290 million (US
AM Best Places Credit Ratings of BNZ Life Insurance Limited Under Review With Negative Implications
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AM Best Places Credit Ratings of Partners Life Limited Under Review With Developing Implications SINGAPORE (Business Wire)
AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Partners Life Limited (Partners Life) (New Zealand).
These Credit Rating (rating) actions follow the announcement on 16 December 2020, that Partners Life has entered into an agreement with National Australia Bank Limited to acquire its New Zealand life insurance business, including BNZ Life Insurance Limited. The transaction also includes the establishment of an exclusive 10-year agreement for the referral of Bank of New Zealand customers with life insurance needs to Partners Life. The total transaction consideration is NZD 290 million (USD 208 million). The transaction, which is subject to customary closing conditions, including regulatory and other approvals, is expected to be completed in the s
WESCO Announces Fourth Quarter & Full Year 2020 Earnings Call
WESCO Announces Fourth Quarter & Full Year 2020 Earnings Call WESCO International, Inc. (NYSE: WCC) will hold its fourth quarter and full year 2020 earnings conference call on Tuesday, February 9, at 10:00 a.m. EST. Dial-in details are below. The live audio webcast and presentation slides of the earnings call will be accessible via WESCO’s Investor Relations website, www.wesco.investorroom.com. The link to the webcast replays will be posted in the Events and Webcasts section of WESCO’s Investor Relations website. WESCO will also be participating in the Raymond James & Associates 42
nd Annual Institutional Investors Conference held March 1-3, 2021 and the J.P. Morgan Industrials Conference
Tigo Welcomes James (JD) Dillon as Chief Marketing Officer
Tigo Welcomes James (JD) Dillon as Chief Marketing Officer
Tigo Energy, Inc., the worldwide leader in Flex-MLPE (Module Level Power Electronics), announced today that James (JD) Dillon has joined as its new Chief Marketing Officer (CMO). Mr. Dillon brings more than 25 years of marketing leadership across a variety of technical industries to the Tigo Executive team. Mr. Dillons experience spans the U.S. Armed Forces, semiconductors, solid state drives, solar inverters and batteries. His functional leadership has impacted pricing, new product introduction, customer experience, and communications at all levels. Most recently, JD spent over 3 years as the VP of Marketing and Pricing at Enphase Energy Inc., the worlds leading supplier of solar microinverters to the PV industry.
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