DOCSLIB.ORG

Change in Substantial Holding

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Change in Substantial Holding 604 page 1/2 15 July 2001 Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder To Company Name/Scheme STARPHARMA HOLDINGS LIMITED ACN/ARSN 078532180 1. Details of substantial holder(1) Name Allianz SE and the entities listed in the Appendix A ACN/ARSN (if applicable) N/A There was a change in the interests of the substantial holder on 06 / 10 / 2020 The previous notice was given to the company on 21 / 05 / 2020 The previous notice was dated 21 / 05 / 2020 2. Previous and present voting power The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows: Class of securities (4) Previous notice Present notice Person's votes Voting power (5) Person's votes Voting power (5) Ordinary shares 18,648,131 5.01% 28,632,065 7.11% 3. Changes in relevant interests Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows: Date of Person whose Nature of Consideration Class and Person's votes change relevant interest change (6) given in relation number of affected changed to change (7) securities affected See Appendix B 4. Present relevant interests Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows: Holder of Registered Person entitled Nature of Class and Person's votes relevant holder of to be registered relevant number of interest securities as holder (8) interest (6) securities See Appendix A Appendix A - Form 604 Starpharma Holdings Ltd. 4. Present relevant interests Person entitled to be Class and number of Holder of the relevant interest Registered holder of securities Nature of relevant interest Person's votes registered as a holder securities Asset Manager with the power to Ordinary Allianz Global Investors Asia Pacific Ltd. Allianz Asian Small Cap Equity Allianz Asian Small Cap Equity 2,000,455 2,000,455 dispose and / or vote securities Shares Asset Manager with the power to Ordinary Allianz Global Investors Asia Pacific Ltd. Allianz Choice Oriental Fund Allianz Choice Oriental Fund 1,112,951 1,112,951 dispose and / or vote securities Shares Asset Manager with the power to Ordinary Allianz Global Investors Asia Pacific Ltd. Allianz Global Small Cap Equity (HKD) Allianz Global Small Cap Equity (HKD) 807,792 807,792 dispose and / or vote securities Shares Asset Manager with the power to Ordinary Allianz Global Investors Asia Pacific Ltd. Allianz Oriental Income Allianz Oriental Income 14,080,383 14,080,383 dispose and / or vote securities Shares Asset Manager with the power to Ordinary Allianz Global Investors U.S. LLC AllianzGI Global Small-Cap Fund - HK AllianzGI Global Small-Cap Fund - HK 148,076 148,076 dispose and / or vote securities Shares Asset Manager with the power to Ordinary Allianz Global Investors U.S. LLC AllianzGI International Small Cap Fund - HK AllianzGI International Small Cap Fund - HK 371,145 371,145 dispose and / or vote securities Shares AllianzGI-Fonds RANW II Segment RANW AllianzGI-Fonds RANW II Segment RANW Asset Manager with the power to Ordinary Allianz Global Investors Asia Pacific Ltd. 8,812,890 8,812,890 Oriental Income Oriental Income dispose and / or vote securities Shares Bombardier US Retirement Plan - Bombardier US Retirement Plan - Asset Manager with the power to Ordinary Allianz Global Investors Asia Pacific Ltd. 141,077 141,077 International Small Cap (HKD) International Small Cap (HKD) dispose and / or vote securities Shares Nova Scotia Health Employees' Pension Nova Scotia Health Employees' Pension Asset Manager with the power to Ordinary Allianz Global Investors Asia Pacific Ltd. 1,157,296 1,157,296 Plan (HKD) Plan (HKD) dispose and / or vote securities Shares 6. Addresses Name Address Allianz Global Investors U.S. LLC 1633 Broadway Allianz Global Investors U.S. Holdings LLC is the sole and managing member of Allianz Global Investors U.S. LLC, and has New York, NY 10019 delegated its power to steer the business to the Allianz Global Investors Executive Committee (ExCo), which is the principal decision- United States making body. The members of the ExCo are all employed by Allianz Global Investors GmbH. Allianz Global Investors U.S. Holdings 1633 Broadway LLC New York, NY 10019 United States Allianz Global Investors Asia Pacific Ltd. 27th Floor, ICBC Tower, 3 Garden Road Central Hong Kong Hong Kong Allianz Global Investors GmbH Bockenheimer Landstrasse 42-44 60323 Frankfurt/Main, Germany Allianz Asset Management GmbH Seidlstr. 24-24a 80335, München, Germany Allianz SE Koeniginstrasse28 80802 Munich Germany Appendix B Template for post trade notification in Starpharma Holdings Ltd. (AU000000SPL0) Registered Holder of securities Date of Type of Price per share Number of Consideration payed Asset Management Company (typically name of the fund) Transaction transaction ISIN (AUD) securities (AUD) Allianz Global Investors Asia Pacific Ltd. Allianz Asian Small Cap Equity 18-Jun-20 Buy AU000000SPL0 1.07 AUD 100,000 107,000.00 AUD Allianz Global Investors Asia Pacific Ltd. AllianzGI Global Small-Cap Fund - HK 18-Jun-20 Buy AU000000SPL0 1.08 AUD 8,200 8,856.00 AUD Allianz Global Investors Asia Pacific Ltd. PK BLVK Aktien Ausland Small Caps 18-Jun-20 Buy AU000000SPL0 1.08 AUD 14,400 15,552.00 AUD Allianz Global Investors Asia Pacific Ltd. AllianzGI International Small Cap Fund - HK 18-Jun-20 Buy AU000000SPL0 1.08 AUD 19,500 21,060.00 AUD Allianz Global Investors Asia Pacific Ltd. Allianz Global Small Cap Equity (HKD) 18-Jun-20 Buy AU000000SPL0 1.08 AUD 40,800 44,064.00 AUD Allianz Global Investors Asia Pacific Ltd. Nova Scotia Health Employees' Pension Plan (HKD) 18-Jun-20 Buy AU000000SPL0 1.08 AUD 70,800 76,464.00 AUD Allianz Global Investors Asia Pacific Ltd. Bombardier US Retirement Plan - International Small Cap (HKD) 18-Jun-20 Buy AU000000SPL0 1.08 AUD 8,300 8,964.00 AUD Allianz Global Investors Asia Pacific Ltd. AllianzGI Global Small-Cap Fund - HK 19-Jun-20 Buy AU000000SPL0 1.11 AUD 5,100 5,662.02 AUD Allianz Global Investors Asia Pacific Ltd. AllianzGI International Small Cap Fund - HK 19-Jun-20 Buy AU000000SPL0 1.11 AUD 12,800 14,210.56 AUD Allianz Global Investors Asia Pacific Ltd. PK BLVK Aktien Ausland Small Caps 19-Jun-20 Buy AU000000SPL0 1.11 AUD 13,300 14,765.66 AUD Allianz Global Investors Asia Pacific Ltd. Allianz Global Small Cap Equity (HKD) 19-Jun-20 Buy AU000000SPL0 1.11 AUD 21,500 23,869.30 AUD Allianz Global Investors Asia Pacific Ltd. Nova Scotia Health Employees' Pension Plan (HKD) 19-Jun-20 Buy AU000000SPL0 1.11 AUD 36,400 40,411.28 AUD Allianz Global Investors Asia Pacific Ltd. Bombardier US Retirement Plan - International Small Cap (HKD) 19-Jun-20 Buy AU000000SPL0 1.11 AUD 4,500 4,995.90 AUD Allianz Global Investors Asia Pacific Ltd. Allianz Choice Oriental Fund 24-Jun-20 Buy AU000000SPL0 1.14 AUD 335,763 382,769.82 AUD Allianz Global Investors Asia Pacific Ltd. Allianz Choice Oriental Fund 24-Jun-20 Buy AU000000SPL0 1.13 AUD 314,689 355,598.57 AUD Allianz Global Investors Asia Pacific Ltd. Allianz Oriental Income 24-Jun-20 Buy AU000000SPL0 1.14 AUD 149,275 170,173.50 AUD Allianz Global Investors Asia Pacific Ltd. Allianz Oriental Income 24-Jun-20 Buy AU000000SPL0 1.13 AUD 139,907 158,094.91 AUD Allianz Global Investors Asia Pacific Ltd. AllianzGI-Fonds RANW II Segment RANW Oriental Income 24-Jun-20 Buy AU000000SPL0 1.14 AUD 26,962 30,736.68 AUD Allianz Global Investors Asia Pacific Ltd. AllianzGI-Fonds RANW II Segment RANW Oriental Income 24-Jun-20 Buy AU000000SPL0 1.13 AUD 25,270 28,555.10 AUD Allianz Global Investors Asia Pacific Ltd. Allianz Asian Small Cap Equity 26-Jun-20 Buy AU000000SPL0 1.17 AUD 142,000 166,140.00 AUD Allianz Global Investors Asia Pacific Ltd. Allianz Asian Small Cap Equity 13-Jul-20 Buy AU000000SPL0 1.12 AUD 1,312 1,469.44 AUD Allianz Global Investors Asia Pacific Ltd. Allianz Global Small Cap Equity (HKD) 24-Jul-20 Buy AU000000SPL0 1.17 AUD 45,464 53,079.22 AUD Allianz Global Investors Asia Pacific Ltd. Allianz Global Small Cap Equity (HKD) 7-Aug-20 Buy AU000000SPL0 1.09 AUD 94,200 102,536.70 AUD Allianz Global Investors Asia Pacific Ltd. Allianz Oriental Income 25-Aug-20 Buy AU000000SPL0 1.20 AUD 386,172 465,182.79 AUD Allianz Global Investors Asia Pacific Ltd. AllianzGI-Fonds RANW II Segment RANW Oriental Income 3-Sep-20 Sell AU000000SPL0 1.70 AUD 468,800 796,960.00 AUD Allianz Global Investors US LLC AllianzGI Global Small-Cap Fund - HK 5-Oct-20 Buy AU000000SPL0 1.50 AUD 2,190 3,284.12 AUD Allianz Global Investors Asia Pacific Ltd. Bombardier US Retirement Plan - International Small Cap (HKD) 5-Oct-20 Buy AU000000SPL0 1.50 AUD 3,342 5,011.66 AUD Allianz Global Investors US LLC AllianzGI International Small Cap Fund - HK 5-Oct-20 Buy AU000000SPL0 1.50 AUD 5,743 8,612.20 AUD Allianz Global Investors Asia Pacific Ltd. Allianz Global Small Cap Equity (HKD) 5-Oct-20 Buy AU000000SPL0 1.50 AUD 15,846 23,762.66 AUD Allianz Global Investors Asia Pacific Ltd.
Load more

Recommended publications
  • Competition Between Exchanges: Euronext Versus Xetra*
    Competition Between Exchanges: Euronext versus Xetra* Maria Kasch-Haroutounian / Erik Theissen** January 2003 Abstract: Exchanges in Europe face increasing competition. Smaller exchanges may come under pressure to cooperate with one of the larger exchanges and adopt its trading system. It is, therefore, important to evaluate the attractiveness of the two dominating continental European trading sys- tems, Euronext and Xetra. Though both are anonymous electronic limit order books, there are im- portant differences in the trading protocols. In this paper we use a matched-sample approach to compare execution costs in Euronext Paris and Xetra. We find that both the effective spreads and its components, the realized spread and the adverse selection component, are lower in Xetra. Differ- ences in market organization - we consider differences in the number of liquidity provision agree- ments, and differences in the minimum tick size - do not explain the spread differences. JEL classification: G10, G15 Keywords: Competition between exchanges, bid-ask spread * We thank participants of the 9th Symposium on Finance Banking and Insurance in Karlsruhe for helpful comments. ** University of Bonn, BWL I, Adenauerallee 24-42, 53113 Bonn, Germany, Phone +49 228 739208, Fax +49 228 735924, Email: [email protected] and [email protected], respectively. 1 Introduction European exchanges are in a process of consolidation. Banks and institutional investors are putting pressure on exchange officials to decrease transaction costs. The fragmentation of European exchanges has been identified as one source of high transaction costs. Mergers be- tween exchanges and the joint use of trading systems are considered to be part of the solution.
    [Show full text]
  • View Annual Report
    Annual Report With this Annual Report, we have published our financial results for the first time according to Gross premium income International Accounting rose 19.6 percent to Standards (IAS). Net DM 90.4 billion in the profit increased by 31.5 Earnings per share 1998 business year. percent to DM 3.6 billion. totalled DM 14.67 – 26.8 percent higher than in the previous year. 1998 A T A GLANCE 1998 1998 Change from 1997 More on Allianz Group previous year page D DM in % DM Gross premium income bn 46.2 90.4 19.6 75.6 12 Benefits paid to customers bn 40.0 78.2 21.5 64.4 132 Pretax result mn 4,085 7,990 25.3 6,375 37 Tax mn 1,528 2,988 6.1 2,815 134 Minority interests in earnings mn 739 1,445 69.3 853 Net earnings mn 1,819 3,558 31.5 2,706 37 Assets Under Management bn 343.2 671.2 41.0 476.2 74 Stockholders’ equity bn 22.2 43.5 30.4 33.4 122 Insurance reserves bn 216.8 424.1 38.5 306.1 125 Employees 105,676 37.3 76,951 86 1998 1998 Change from 1997 More on Allianz Share previous year page D DM in % DM Earnings per share 7.50 14.67 26.8 11.57 136 Dividend per share 1.12 2.20 15.80 1.90 41 Dividend payout mn 276 539 23.1 438 Allianz share price on 12/31/1998 317 620 33.1 466 18 Market capitalization of Allianz on 12/31/1998 bn 77.6 151.8 41.6 107.2 18 Standard & Poor’s awarded the Allianz Group its highest possible rating, “AAA”.
    [Show full text]
  • As of April 28, 1999
    As of September 22, 2014 MARAD APPROVED FOREIGN UNDERWRITERS Country Company Bermuda Axis Specialty Limited Bermuda Gard Marine and Energy Limited Denmark Codan Forsikring A/S France Allianz Global Corporate & Specialty UK AXA Corporate Solutions Assurance France Generali France Assurances France Groupama Transport Company Germany Allianz Global Corporate & Specialty Italy Assicurazioni Generali SpA Norway The Norwegian Hull Club UK Aspen Insurance U.K. Limited Co. UK Swiss Re (SR International) UK Great Lakes Reinsurance UK International Insurance Company of Hannover Limited UK Marine Insurance Company (Royal Insurance Holdings, PLC) AS OF APRIL 28, 1999 MARAD APPROVED FOREIGN UNDERWRITERS Country Company Australia HIH Casualty and General Insurance Limited Australia QBE Insurance Group Ltd. Canada Commonwealth Insurance Company France Assurances Generales de France France AGF Marine Aviation Transport (MAT) France Groupe des Assurances Nationales Incendie Accidents (GAN Incendie) France La Reunion Francaise S.A. France Uni Europe Assurance (AXA) Norway Bergen Hull Club Norway Gjensidige Marine & Energy AS (Gjensidige General Insurance Company) Norway Protector Forsikring As Norway Skdeforsikringsselskapet Vesta A/S (Vesta General Insurance Group) Norway UNI - Storebrand Skadeforsikring As of 07/25/96 MARAD APPROVED FOREIGN UNDERWRITERS Country Company France Assurances Generales de France (AGF I.A.R.T.) France Groupe des Assurances Nationales Incendie Accidents (GAN Incendie) France La Reunion Francaise S.A. France Preservatrice Fonciere
    [Show full text]
  • Credit Insurance Market Survey
    CREDIT INSURANCE MARKET SURVEY 2 01 9 CREDIT INSURANCE MARKET 2019 INSURERS & SHARES MARKET SHARE The trade credit insurance market remains very 2018 (source: www.icisa.org). Euler Hermes remains the oligopolistic and the Top 3 «global» insurers represent leading credit insurance carrier with 34.1% of market more than 75% of the total premium. ICISA estimates share followed by Atradius 24.6%, and Coface with a total market size around €6.7 billion in premium in 17.1% as of December 31st 2018. 17,3% 34,1% • Euler Hermes 24,3% • Atradius 24,6% • Others • Coface This calculation is an estimate by AU Group, excluding China Export insurance company which achieved a turnover of approximatively & Credit Insurance Corporation (“Sinosure”), the public Chinese €1.4 bn (2016 figures, total short term premium). TYPES OF INSURERS The International Credit Insurer & Surety Association “Niche” insurers, characterised by expertise in: (ICISA) comprises more than 50 members that provide ➤ particular products: Excess of loss, shared excess Trade Credit Insurance535 402 across the world. However, two cover, top-up, single risk (e.g.: AIG, Chubb, Garant, Nexus, main categories of insurers can be distinguished: “Global” 600000 466 379 Liberty Mutual, Lloyd’s, Markel, QBE, Tokio Marine, XL and “Niche” insurers. Catlin, Zurich etc.) 500000 335 270 ➤ certain geographical areas (e.g.: ATI, Cesce, Credendo, “Global” insurers, characterised by: FCIA, ICIC, QBE, Sace etc.) 400000 ➤ a strong international presence ➤ different types of risk: political risk, non-transfer 300000➤ detailed information on a very large number of buyers (e.g.: Garant, Beazley, Liberty Mutual, Lloyd’s, Zurich...) in their global databases • Atradius 200000➤ global capabilities in providing credit• Coface management services • Euler Hermes 100000 Leading insurers in this category are: Atradius, Coface, Euler 0Hermes.
    [Show full text]
  • EH Re AG) in Its Financial Statements (For 2018 Results: 1 EUR= 1.1269 CHF, for 2017 Results: 1 EUR = 1.17015177 CHF)
    Euler Hermes Reinsurance AG Financial Condition Report Based on 31/12/2018 figures Financial Condition Report of Euler Hermes Re AG 2018 Contents Contents ........................................................................................................................... 1 Executive Summary .......................................................................................................... 1 Business activities (A) ............................................................................................................... 1 Company success (B) ................................................................................................................ 2 Governance and risk management (C) ...................................................................................... 2 Risk profile (D) ......................................................................................................................... 3 Valuation (E) ............................................................................................................................ 3 Capital management & Solvency requirements (F&G) ............................................................... 3 A. Business activities ...................................................................................................... 4 A.1. Business overview ......................................................................................................... 4 A.1.1. Business overview .......................................................................................................................
    [Show full text]
  • INVESTMENT VENDORS  the Following Is a Listing of the Investment Managers, Custodians, and Consultants That Serve the Massachusetts Public Pension Systems
    INVESTMENT VENDORS The following is a listing of the investment managers, custodians, and consultants that serve the Massachusetts public pension systems. The listing is based on information supplied by the retirement boards. RETIREMENT BOARD INVESTMENT VENDORS ADAMS • Capital Research and Management • Granite Investment Advisors Custodian: State Street Bank & Trust AMESBURY • PRIT ANDOVER • PRIT ARLINGTON • PRIT • Wilshire Associates Inc. Custodian: State Street Bank & Trust ATTLEBORO • Boston Advisors, LLC • Herndon Capital Management, LLC • PRIT Custodian: People’s United Bank • Daruma Capital Management, LLC • Invesco Core Real Estate USA, LP • Regions Timberland Consultant: Dahab Associates Inc. • Fidelity Institutional Asset Management • Invesco National Trust Company • State Street Global Advisors • Frontier Capital Management Co., LLC • Orleans Capital Management Corp. • Wells Capital Management Inc. • Hancock Natural Resource Group, Inc. BARNSTABLE COUNTY • Intercontinental Capital Management, LLC • PRIT • UBS Realty Investors, LLC BELMONT • AEW Capital Management, LP • Loomis Sayles & Company • RhumbLine Advisers Custodian: State Street Bank & Trust • Atlanta Capital • Pacific Investment Management Company, LLC • Rothschild Asset Management Inc. Consultant: New England Pension • Harbourvest Partners, LLC • PRIT • Scout Capital Management, LLC Consultants BERKSHIRE COUNTY • PRIT BEVERLY • PRIT BLUE HILLS REGIONAL • PRIT BOSTON (CITY) • 57 Stars, LLC • EnTrust Partners, LLC • Permal Asset Management, Inc. Custodian: State
    [Show full text]
  • These Comments Are Submitted by Allianz of America,1 Munich
    a ALLIANZ OF AMERICA CORPORATION MUNICH REINSURANCE AMERICA CORPORATION SWISS RE AMERICA HOLDING CORPORATION These comments are submitted by Allianz of America,1 Munich Reinsurance America,2 and Swiss Re America.3 For the past three years, the Administration’s Budget has included a proposal to deny the deduction for property-casualty reinsurance premiums placed with a foreign affiliate by a U.S. insurer.4 The Administration proposal was introduced in the 112th Congress by Rep. Richard Neal (H.R. 3157) and by Sen. Robert Menendez (S. 1693). These comments demonstrate that the Administration proposal would disrupt essential risk distribution practices followed by domestic and foreign insurers, alike; increase premiums and reduce coverage available to U.S. consumers, particularly in catastrophe prone areas along the coastlines; and violate U.S tax treaty obligations and commitments to the World Trade Organization. In addition, the Administration errs in characterizing routine affiliate transactions with treaty partners with significant corporate tax regimes as erosion of the U.S. tax base. BACKGROUND Under current law, a U.S. insurer may deduct the premium for reinsurance placed with another company, whether affiliated, unaffiliated, domestic or foreign. A current deduction for this crucial expense ensures that there is a proper matching of income and expense. The U.S. insurer will include in income any ceding commission received from the reinsurer, and, when it 1 Allianz S.E., a German company, owns Fireman’s Fund Insurance Company, Allianz Global Corporate and Specialty Insurance, Euler Hermes-USA, and Allianz Global Assistance –USA. Together, Allianz’s property- casualty insurance subsidiaries in the U.S.
    [Show full text]
  • Euler Hermes Group Announces CEO Leadership Change
    Euler Hermes Group announces CEO leadership change ● Wilfried Verstraete to step down as CEO on December 31st, 2020 ● Clarisse Kopff is appointed CEO of Euler Hermes Group starting January 1st, 2021 ● Wilfried Verstraete remains as advisor to the new CEO though 2021 PARIS, 1 October 2020 – Euler Hermes Group, the worldwide leader in trade credit insurance, announces today that Wilfried Verstraete, CEO and Chairman of the Board of Management has decided to step down from his operational duties after twelve successful years in the role. Clarisse Kopff will succeed him as CEO and Chairperson of the Board of Management as of January 1st, 2021. The change is subject to regulatory approval. Wilfried Verstraete joined Euler Hermes in 2009 where he steered the group through the global financial crisis. Under his leadership, he transformed the traditional, century-old credit insurer into a data-driven, customer-centric Fintech leader with market leading, real-time digital solutions for its clients. He will continue to serve Euler Hermes Group as an advisor to the new CEO through 2021. He will also retain board positions in Euler Hermes SA, Euler Hermes North America, Solunion and Euler Hermes Reinsurance AG. Clarisse Kopff (47) is a graduate of ESCP Business School and holds a postgraduate degree from Université Paris Dauphine and the German Diplom Kaufmann. She is currently Chief Financial Officer of Allianz France. She began her career in debt origination at Lehman Brothers in London, then as an auditor with PricewaterhouseCoopers in Paris before joining Euler Hermes in 2001 as controller for the company’s French entity in Paris.
    [Show full text]
  • I UNITED STATES DISTRICT COURT SOUTHERN
    Case 1:18-cv-10364-LGS Document 166 Filed 03/01/19 Page 1 of 295 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Allianz Global Investors GmbH; Anchorage Capital Group, Case No. 1:18-cv-10364 L.L.C.; Andra AP-Fonden; BlackRock, Inc.; BlueCrest Capital Management Limited; Brevan Howard Emerging Markets Strategies Master Fund Limited; California State Teachers’ FIRST AMENDED Retirement System; Erste Abwicklungsanstalt; Fjarde AP- COMPLAINT Fonden; Forsta AP-Fonden; Norges Bank; PFA Pension Forsikringsaktieselskab; PFA Kapitalforening; Pacific Investment Management Company LLC; Portigon AG; Pension JURY TRIAL Reserves Investments Management Board of Massachusetts; DEMANDED SEI Trust Company; Tredje AP-Fonden; Allianz Global Investors Ireland Limited; Carne Global Fund Managers (Ireland) Limited; Allianz Global Investors Fund Société d’Investissement à Capital Variable (f/k/a Dresdner Global Strategies Fund Société d’Investissement à Capital Variable); Allianz European Pension Investments Société d’Investissement REDACTED à Capital Variable; Allianz Global Investors Fund II Société d’Investissement à Capital Variable; Allianz Institutional Investors Series Société d’Investissement à Capital Variable; RP Rendite Plus Société d’Investissement à Capital Variable; Allianz Actio France Société d’Investissement à Capital Variable (f/k/a AGF Actio France Société d’Investissement à Capital Variable); Allianz Actions Euro Société d’Investissement à Capital Variable (f/k/a AGF Euro Actions Société d’Investissement à Capital Variable); Allianz
    [Show full text]
  • New Report Finds a Strong Economic Recovery Requires A
    PRESS RELEASE Princeton, NJ July 13, 2020 NEW REPORT FINDS A STRONG ECONOMIC RECOVERY REQUIRES A HEALTHY TRADE CREDIT INSURANCE INDUSTRY Report commissioned by leading trade credit insurers proposes government reinsurance policy to support U.S. economy As economic uncertainty due to COVID-19 continues to impact businesses across the country, a new report commissioned by trade credit insurers Euler Hermes, Coface and Atradius found that a lack of support for the trade credit insurance (TCI) industry could disrupt the stability of millions of businesses across the U.S. The report, titled “A Strong Recovery Requires a Healthy Trade Credit Insurance Industry,” outlines the importance of trade credit insurance to the economy, the significant cutbacks in TCI coverage that the COVID pandemic has caused, and the reasons why government support for the TCI industry is vital to the continuity of economic activity. The report conservatively concludes that in the absence of a government response, the cutbacks in coverage will inhibit $46 billion in additional production and the creation of approximately 155,000 U.S. jobs at supplier firms, with additional effects on downstream buyers. Euler Hermes, Coface and Atradius are the world’s three largest trade credit insurers, representing about 60% of the market in the U.S. Last month, the three companies formed a working group to educate the public and the U.S. government on the essential role trade credit insurance plays in supporting U.S. businesses and the economy at large. Statement from James Daly, CEO of Euler Hermes North America, Oscar Villalonga, President and CEO at Coface North America, and Gordon Cessford, President and Regional Director for North America at Atradius: It is not often that you see the main players in a single industry, typically competitors, come together for a common purpose of public interest.
    [Show full text]
  • Press Release
    Press release Solunion, joint venture of Euler Hermes and MAPFRE, named best trade credit insurer by ADECOSE MADRID – 8 APRIL 2014 - Solunion, joint venture of Euler Hermes and MAPFRE, was recognized by ADECOSE as the best trade credit insurance company in Spain. ADECOSE is an independent Spanish association founded in 1977 to support the interests of insurance brokers - while respecting and consolidating the values of freedom, independence, objectivity, and ethics - and to provide services to associate members. “This recognition by the ADECOSE study participants highlights the relevance of our offer, our multichannel distribution and our overall competitive position in the market,” said Pascal Personne, CEO of Solunion España. “It further encourages us in our strategy of being the preferred partner for our distribution channel, particularly for brokers.” The ADECOSE barometer, presented in Madrid, is designed to showcase excellence within the business insurance sector and the quality of the services notably for brokers. Ninety-six brokers, representing over 84% of association members, offered their insights in 753 interviews. # # # Media Contacts Euler Hermes Group Media Relations Publicis Consultants Remi Calvet– +33(0)1 84 11 61 41 Romain Sulpice +33 (0)1 44 82 46 21 [email protected] [email protected] Solunion Communication Department Eva Muñoz +34 91 417 80 11 [email protected] Euler Hermes is the global leader in trade credit insurance and a recognized specialist in the areas of bonding, guarantees and collections. With more than 100 years of experience, the company offers business-to-business (B2B) clients financial services to support cash and trade receivables management.
    [Show full text]
  • Multi-Generational Families, Single-Parent Families, Same-Sex Couple Families, Blended Families, Older Parent with Young Children Families, and Boomerang Families
    The Allianz LoveFamilyMoney® Study Changing family dynamics create new financial needs How the evolution of the American family is creating new challenges – and revealing new opportunities – for the financial services industry ENT-1677 Page 1 of 16 Study overview Over the past 40 years, shifting demographics and profound attitudinal changes have helped redefine the concept of “family” for many Americans. In fact, the very structure of the American family is changing dramatically: According to the U.S. Census Bureau, almost half of adults today do not live with a spouse – compared to approximately 30% in 1967.1 To understand how this evolving family structure is changing Americans’ relationship with money and financial planning, Allianz commissioned the 2014 LoveFamilyMoney study. The study sought to explore exactly how American families are changing, and to answer one fundamental question: “How does the evolving family structure change Americans’ relationship with money and financial services?” This white paper summarizes the study’s key findings. Today’s modern family Families today come in so many shapes and sizes that there is no longer a single definition of what constitutes a “modern family.” But although the definition of family may be both broad and diverse, the Allianz LoveFamilyMoney Study identified six distinct modern family types2 with unique characteristics: multi-generational families, single-parent families, same-sex couple families, blended families, older parent with young children families, and boomerang families. We also surveyed traditional family households so we could compare their responses. 1 U.S. Census Bureau, Current Population Survey Annual Social and Economic Supplement, 1967 – 2015. 2 For the purposes of our study, a type is defined as a group or social class.
    [Show full text]