Danica Pension names CEO for Norwegian arm

first_img“Lars expressed a desire to head Danica Pensjon in Norway, and since we will continue to be able to benefit from his extensive network and strong competencies in our activities in Denmark, the move is right for both the Danica Group and for Lars, who will be heading this important task,” Klitgård said. Danica Pension is bolstering its Norwegian business with the appointment of one of its top executives to lead the operation.Lars Ellehave-Andersen, who came to Danica Pension in 2015 in a high-profile hiring coup from rival PFA, will be chief executive of Danica Pensjon in Norway.Per Klitgård, chief executive of Danica Pension, Denmark’s second largest commercial pensions provider, said: “With Lars Ellehave as CEO in Norway, we are strengthening our Norwegian business, where we see great potential.”Since August 2016, Ellehave-Andersen has been chief commercial officer (CCO) on Danica Pension’s board, having previously had a seven-month spell as chief executive of the Norwegian arm when he first switched to the company from PFA. Lars Ellehave-AndersenEllehave-Andersen is to be replaced as CCO by Søren Lockwood, who is currently chief executive of SEB Pension. Danica is in the process of buying SEB Pension’s Danish business.Lockwood will join Danica Pension’s executive board once the acquisition has been approved by the authorities, the company said.Ole Krogh Petersen has been promoted to the board as senior executive vice president, and will take on the role of chief operating officer (COO).Klitgård said that with Lockwood as CCO, the company had “the best possibilities of creating value for our customers with the acquisition of SEB Pension”.“We now have the right management team to secure an even stronger position for Danica Pension throughout Scandinavia,” he said.Danica’s 2017 resultsReporting preliminary 2017 financial results, Danica Pension said its investment return for the year gave the company “a mid-ranking in a field with very narrow margins separating the providers”.Customers in Denmark received returns of between 4.8% and 12.3%, while clients with the “Danica Balance medium risk” product, and 20 years to retirement, received 9.5%.The company made a DKK1.9bn (€255m) profit for the year before tax and premiums grew 17.5% to DKK39.7bn.The increase in premium income was partly due to a 47% increase in gross premiums via parent company Danske Bank in Denmark, it said.Out of its three Nordic markets, Sweden generated most business growth last year for Danica Pension, with premiums rising 39% there compared to 10% in Denmark and 8% in Norway.last_img read more

​Tangen kicks off NBIM re-shuffle with ‘special’ role for Kallevig

first_imgUp to now, Kallevig has been CIO real estate at NBIM, a role he took on in April 2019 after the separate unit he ran for many years, Norges Bank Real Estate Management (NBREM), was liquidated and its operation integrated into NBIM.Tangen, who replaced Yngve Slyngstad as CEO at the beginning of this month after much political wrangling over his appointment, said: “I am pleased to have Karsten in a more strategic role.He has built a high-quality organisation over the past decade and carries with him valuable investment experience which will benefit us going forward.”Meanwhile, NBIM said it is carrying out an internal process to recruit a chief real asset officer – a new role – and that Kallevig would be working closely with that person.Having long recommended expanding the GPFG’s mandate to include investment in unlisted infrastructure as well as unlisted real estate, NBIM received the go-ahead from the Finance Ministry in April 2019 to invest up to 2% of the fund’s value in unlisted renewable energy infrastructure via the fund’s existing dedicated environmental mandates.Kallevig said he was “very proud of what we have achieved over the past decade”.“The organisation is well positioned for the future and I look forward to acting in a different capacity going forward,” he said.Having worked for many years in London and then Tokyo, Kallevig first came to NBIM 10 years ago as global head of real estate asset strategies.Looking for IPE’s latest magazine? Read the digital edition here. The newly-installed head of Norway’s NOK10.2tn (€968bn) sovereign wealth fund has made his first change to the organisation’s management line up by removing Karsten Kallevig, who built up the oil fund’s NOK295bn portfolio of unlisted real estate, from the leadership team.NBIM also said its new leader group was scheduled to be announced in October, suggesting further changes are afoot.Norges Bank Investment Management (NBIM), which manages the Government Pension Fund Global (GPFG), announced that Kallevig has been appointed special adviser to chief executive officer Nicolai Tangen, with a focus on real asset matters.“Kallevig will step out of the leader group and looks forward to contributing in a new role,” the central bank division said in a statement on Friday afternoon.last_img read more

Ross University opens research & pathology facility in St. Kitts

first_imgBusinessHealthLifestyleNewsRegional Ross University opens research & pathology facility in St. Kitts by: – July 12, 2018 74 Views   no discussions Share Share Tweetcenter_img Sharing is caring! Share The new Research and Pathology Building at Ross University School of Veterinary Medicine in St KittsBASSETERRE, St Kitts (Caribbean News Now) — Ross University School of Veterinary Medicine (RUSVM) has announced the opening of its Research and Pathology Building to further enhance its research capabilities on St Kitts and globally. The 19,000 square-foot structure will facilitate multidisciplinary research collaborations and provide an academic platform for students and faculty to address pressing ‘One Health’ issues – the interconnectivity of animal, human and environmental health.The research building represents a US$10.5 million investment in the educational programs at RUSVM. The building features 13,000 square feet of research space that includes eight laboratories, 2,000 square feet dedicated to pathology that includes necropsy and histology suites along with a viewing gallery to enhance student learning, and 4,000 square feet for small group meetings and student needs. The research and pathology sections of the building are designed to BSL-2 biosafety standards.“Our commitment to research is essential to the future of veterinary medicine, which will involve collaborations across multiple disciplines to address zoonotic diseases that pose devastating threats in the Caribbean region and beyond,” said Dr Sean Callanan, dean at RUSVM. “The Center also represents our commitment to provide our students with an innovative and advanced educational program that prepares them to become leaders within the One Health realm.”Research in the new facility will allow for an improved understanding of zoonotic and vector-borne diseases, such as leptospirosis, dengue and chikungunya, reducing the development of antimicrobial resistance, and protection of threatened and endangered species and ecosystems in the Caribbean. Research within this new facility will specifically address sea turtle conservation, feral animal immune contraception strategies as well as NIH-funded research on arboviruses.“For the last 35 years, the island of St Kitts has benefited from the presence of Ross University School of Veterinary Medicine, its contributions to the community and the health of our animals and ecosystems. We are pleased to see the continued investment in the island with this new research facility, and look forward to a continued mutually beneficial relationship,” said Dr Timothy Harris, prime minister of St Kitts and Nevis.last_img read more

Anguilla Lit Festival: A Literary Jollification

first_img Share 17 Views   no discussions Share Tweet Sharing is caring!center_img NewsRegional Anguilla Lit Festival: A Literary Jollification by: – March 28, 2012 Share The Valley, March 21, 2012–The tropical Caribbean paradise of Anguilla is pleased to announce the first annual Anguilla Lit Fest: A Literary Jollification. This auspicious event will take place from May 24-28, 2012, under the distinguished patronage of Terry McMillan, professor, screenwriter, editor and award-winning author of Waiting to Exhale, How Stella Got Her Groove Back, Getting to Happy and It’s OK if You’re Clueless: and 23 More Tips for the College Bound. Also joining McMillan for this occasion will be author Randall Robinson of the USA who now resides in St. Kitts; actress and author Sheryl Lee Ralph of the USA; Malaika Adero, VP, senior editor of Atria/Simon & Schuster in New York City; Lasana Sekou, poet, author, publisher of House of Nehesi Publishers in St. Martin; David Carty, Anguillian historian, film-maker and author; author Marie-Elena John of Antigua and the USA. Other featured authors will be Stephanie Stokes Oliver, Patricia Adams, Marva Allen, and Dwayne Adams.The Anguilla Lit Fest was conceptualized as a means of celebrating Anguilla’s literary heritage and is seen as a catalyst for visitor arrivals during the summer shoulder period. Visitors from the USA, Canada and The Caribbean are expected to be on island for the four-day event, which will feature a welcome cocktail party, breakfast and lunch presentations, special sessions with the authors and fun-filled evening soirees. Participants will also be given a full day to create their personal Anguilla Experience or to reconnect with their individual creative muse. The name of the festival speaks to a very important facet of Anguilla’s cultural heritage–the Jollification. Rhona Richardson, a member of the Anguilla Community Foundation explains the concept of the Jollification as “a getting together of people to share and help neighbors.” This was done through the hoeing (plowing) and planting of ground (fields), all against the backdrop of men working together, women cooking, and children playing, while the work was carried out free of cost, with much laughter, singing and “jollification.” Noted economist, historian, author and playwright, Marcel Fahie writes that through the Jollification, “We helped each other with the construction of our homes. Mutual aid and assistance in the form of free labour was also employed to build community facilities, access roads to and from isolated parts of villages, church buildings, community halls and playing fields. The spirit and elements of the jollification survive to this day in various forms. Most notable is the contribution of our time and effort to furthering the programs of our religious and charitable organizations.” Speaking about the organization of the Literary Festival, Director of Tourism Candis Niles states, “This festival could not have been staged without the Anguilla Jollification approach. Through the assistance, support and sharing of the Ministry of Social Development, the Anguilla Tourist Board, the Anguilla Social Security Board, Paradise Cove Resort & Conference Centre, Cuisinart Golf Resort & Spa, DaVida’s Restaurant, and our partners from the business sector, Coral Reef Bookstore, Merchants’ Market and Tropical Flower Distributors, we have been able to make the Anguilla Literary Festival a reality, and for that we extend our sincere thanks and appreciation.”Special packages for the event are being offered by Anguilla’s leading accommodation establishments, including Paradise Cove Resort’s “Lit Talk Anguilla” package; Cuisinart Golf Resort & Spa’s “Invitation to Exhale with Terry McMillan” package; Little Butterfly’s “Lit Talk Anguilla” package; and Anacaona Boutique Hotel’s “Book Binder Girls Getaway” package. Flights can be arranged on American Airlines, Jet Blue, USAirways, United Airlines and Continental Airways through San Juan, Puerto Rico or St. Martin with onward connecting flights or ferry into Anguilla; or on regional carriers LIAT and Winair via Antigua.For further information on how you can book your package and be a part of the inaugural Anguilla Lit Fest: A Literary Jollification, visit www.ivisitanguilla.com or call 264-497-2759; 800-553-4939; 1-877-4-ANGUILLA.Press Releaselast_img read more

St. Louis celebrates ‘Catholic Schools Week’

first_imgTeachers Tammy Roell and Kristina Brooks passed out oranges (containing the message “Orange you glad it’s Catholic Schools Week”)Batesville, In. — St. Louis Catholic School celebrated Catholic Schools Week January 27 through February 1.The celebration included family Mass with coffee and doughnuts following. Teachers kicked off the week Monday with dance and Tuesday the doors were opened to the public for the open house, book fair, and display of the “wacky machines.”The week also included education about religious vocations and recognition of Mrs. Jill Hollins who was recently nominated for the St. Theodore Guerin Excellence in Education Award.Because of erratic weather, the talent show had to be rescheduled.last_img

Donald R. Steiner

first_imgDonald Robert Steiner age 85 of Metamora, Indiana passed away peacefully at home on November 6, 2019 surrounded by his family.  The son of Robert R. and Florence Evelyn (nee: Nail) Steiner was born on December 5, 1933 in Bedford, Indiana.Don graduated from Howe High School in Indianapolis, Indiana in 1952.  He attended Hanover College and earned his Bachelor of Arts in 1956.  He married the love of his life Alice Bowie on August 24, 1957 in Louisville, Kentucky.  The two then moved to post-war Germany while he served in the United States Army from 1957 to 1959.  After returning from the Army he attended Indiana University, Bloomington where he earned his Master of Arts in 1960.Don’s long career included 32 years at Indiana Institute of Technology in Fort Wayne, Indiana where he retired as Vice President of Facilities and he was awarded the Kekionga Feather Award twice.  He also served on the Panos Free Health Clinic, the Wells County Habitat Board, Hanover College Alumni Board, Ossian Presbyterian Church Board and served as a Trustee at St. John’s United Church of Christ in Batesville.  He loved working alongside Alice in over 40 Habitat for Humanity builds.  He was a member of Sigma Chi Fraternity and the Ossian Indiana Lions Club where he served as president.  Although he kept very busy with work and volunteer commitments, he most of all enjoyed traveling with his wife Alice and spending time with his family, friends and neighbors.He will be dearly missed by his wife, Alice Steiner; his children, Joyce Lynne Steiner (Kevin Leahy), Katharine Steiner Korn (Darren), and Robert James Steiner; grandchildren, Matthew Korn, Kyle Korn, Amanda Korn, Margaret Leahy and Catherine Leahy; and his brother, James N. (Marjorie) Steiner.Memorials may be given to St. John’s United Church of Christ, Batesville, Indiana.A memorial service will be held Monday, November 18th at St. John’s United Church of Christ in Batesville, Indiana at 11:00 AM. Place of burial will be Hanover Indiana Presbyterian Cemetery.Meyers Funeral Home assisting the family.  Online condolences www.meyersfuneralhomes.com.last_img read more

New Zealand to reap left-right benefit against India – Taylor

first_imgBy Amlan ChakrabortyNOTTINGHAM, England (Reuters) – New Zealand’s steady supply of left-handed batsmen will come in handy in today’s World Cup match against an Indian team without that variety in their top order, senior Kiwi batsman Ross Taylor said on the eve of the match.Opener Shikhar Dhawan’s injury has not only robbed India of a left-right pair at the top of their order but has also left the two-time champions without a southpaw in the top half of their batting.In contrast, New Zealand have three left-handers in their top six, including opener Colin Munro. “Obviously Shikhar is a big loss to India,” Taylor told reporters at Trent Bridge yesterday.“He and Rohit Sharma have a very good partnership, and I think they complement each other well because they’re right- and left-handed.“I think we’ve had a similar balanced side for a long time, and when you do have a right-left hand combination, it does put pressure in different ways on the bowling opposition.” Left-right combination forces bowlers to alter line and length while the fielding captain is also compelled to tinker with field settings every time the batsmen change ends.Taylor said such variety in the batting lineup was necessary to make the most of the World Cup grounds. “A lot of these grounds in the UK have a short boundary to one side, and if you’ve got two right-handers or two left-handers, you can’t exploit it as much.“It’s traditionally a short boundary here. If that is the case, then hopefully we can exploit it with the right- and left-handers.”A lot will depend on how New Zealand fare against the wrist-spin of Yuzvendra Chahal and Kuldeep Yadav, but the 35-year-old Taylor reckoned the duo might bowl slightly more defensively at Trent Bridge. “Shorter boundaries can sometimes play in the minds of the spinners, one might spin a little bit more defensive, but with the weather around and so much uncertainty, we’ll just have to wait and see,” he said.The 2015 finalists have made a perfect start in their quest for a maiden World Cup title, winning their first three matches before the tournament was hit by poor weather, which has already resulted in three matches being either called off or abandoned.“I said at the start of the tournament that luck is going to play a part,” Taylor said.“England is a beautiful place, but it’s not famous for good weather. In saying that, there’s still a long way to go in this tournament. I’m sure there’s going to be rained out games that could have freaked us along the way.”last_img read more

French Open quarter finals continue

first_imgThe action continues today at the French Open.Top seed Novak Djokovic is back in action after finally winning his rain-delayed fourth round contest yesterday.The Serb will take-on seventh seed Tomas Berdych in their quarter-final while Serena Williams is also into the last-eight of the women’s draw.last_img

Anaheim leaders propose 1-year extension to Angels’ stadium lease to give time for negotiations

first_imgRELATED ARTICLESAnaheim officials seek appraisal of Angel Stadium land in case team departsAngels opting out of Anaheim stadium lease, opening the door for a possible moveHere’s how big the Angels’ new scoreboards are (and other Angel Stadium improvements)Speaking to reporters in 2017, Moreno said it would be unrealistic for the team to leave Angel Stadium before 2029Photos: Angel Stadium at 50: How does it measure up among baseball’s 30 stadiums? Mayor Harry Sidhu, who took office in December, said in a statement Thursday that he met with Angels owner Arte Moreno last week.“From that meeting, it is clear the team’s priority is to stay in Anaheim, if we can work out a deal that benefits our residents, the city and the team. We need a plan to make that happen, and we need time to make that happen,” Sidhu said.Moreno, in his first public remarks on the issue in some time, said in a statement: “After meeting with Anaheim Mayor Harry Sidhu, we realized a one-year extension will give us adequate time to work collaboratively on a long-term relationship.” The team would rescind its decision to opt out of the lease.While neither side has commented in recent months on specifics of what they hope a new lease might include, city spokesman Mike Lyster said, “We’re going to look at everything from rehabbing the stadium all the way to building a new stadium.”But it’s unlikely that refurbishing or rebuilding the fourth-oldest venue in Major League Baseball would be financed by taxpayers. Instead, observers say a deal signed in November with Honda Center management is a likely guidepost for the direction Angels talks could take. Anaheim’s new mayor and City Council are starting a fresh round of negotiations with Angels baseball, hoping to reach an agreement before the team’s lease for the city-owned stadium expires.A proposal the City Council is expected to consider Tuesday, Jan. 15, would extend the Angel Stadium lease through the end of 2020 so the two sides have time to hash out a new deal.After more than 50 years playing in the stadium that bears their name, the Angels in October exercised an opt-out clause; the team would otherwise have been locked into the lease for another decade. Since 2013, negotiations between the city and Angels management have broken down several times, with the last official meeting in 2016.PreviousThe Big A in the parking lot of Angel Stadium in Anaheim. (Register file photo)Los Angeles Angels starting pitcher Shohei Ohtani prepares to warm up before their game against the Boston Red Sox at Angel Stadium in Anaheim on Tuesday, April 17, 2018. (File photo by Kevin Sullivan, Orange County Register/SCNG) SoundThe gallery will resume insecondsThe Big A at Angel Stadium of Anaheim sits on the east side of the parking lot next to the 57 Freeway. The giant A, complete with light-up halo, was the Angel’s scoreboard when the stadium opened in 1966. The $1 million, 230 feet tall scoreboard was the largest built at the time. The Big A was moved to it’s present location in 1980. (File photo by Jeff Gritchen, Orange County Register/SCNG)The Big A in the parking lot of Angel Stadium in Anaheim. (Register file photo)NextShow Caption1 of 3The Big A in the parking lot of Angel Stadium in Anaheim. (Register file photo)ExpandPast talks have revolved around development rights to 150 acres of parking lots around the stadium and how to pay for the estimated $130 million to $150 million in maintenance and upgrades the stadium will need over the next 20 years. Under that deal, Anaheim Arena Management by Henry Samueli will buy city-owned parking lots around the arena at their appraised value of $10.1 million and will be able to develop them. Other key points included making profit-sharing with the city kick in sooner and having arena officials take over management of the ARTIC transit station. The deal also keeps the Anaheim Ducks at the Honda Center for at least 25 years.“As you look around the country, the model for stadiums now is kind of these mixed-use developments, public-private partnerships where you kind of leverage stadiums as part of these larger developments,” Lyster said.The stadium property is already zoned and permitted for more than 5,000 residential units and 3.1 million square feet each of office and commercial uses.Disagreement over development rights around Angel Stadium helped blow up negotiations in 2014.The previous year, the City Council approved some discussion starting points – a final deal could have looked different – that included allowing Angels owner Arte Moreno’s company to lease and develop stadium parking lots for 66 years, potentially for as little as $1 a year.Other talking points were whether to give the Angels full control of the team name (meaning it could drop “Anaheim”), to raise the threshold at which the city gets a share of stadium ticket sales, and nixing the city’s annual $600,000 stadium maintenance obligation. The recent Ducks agreement keeps the city at the front of the name.The suggested $1 a year drew fire from some, with then-mayor Tom Tait calling the proposal “outrageous” and bashing it as a “flawed deal” in an op-ed.In 2014, the Angels briefly talked with Tustin and reportedly reached out to Irvine about relocating, but neither city offered to fund a new stadium, a considerable expense that a consultant in 2014 pegged in the hundreds of millions.This week, new councilmen Jordan Brandman and Trevor O’Neil said the Honda Center agreement would be a good starting point for Angels talks, with Brandman adding, “I think we can get a lot more than Tom Tait got out of the Ducks deal.”A 2014 independent appraisal valued the land around Angel Stadium at about $225 million if the team were to stay and $325 million if the whole property were available to develop. The city is getting a new appraisal done.The Angels create little direct revenue for city coffers. The team keeps parking fees until they hit $6 million, the city collects $2 per home game ticket after 2.6 million tickets are sold, and Anaheim is obligated to chip in for stadium maintenance.Since 2009, Angels ticket, parking and other revenue to the city has ranged from about $1 million to $2 million a year. But because the city makes an annual maintenance payment and owes debt on a 1988 expansion project, Anaheim spent more on the stadium than it took in four of the last eight years, according to city figures.But a 2013 city report calculated having the team in Anaheim generates more than $120 million a year in economic benefits.And while its dollar value is elusive, Angels fan loyalty is not to be underestimated. Councilman Stephen Faessel and former Councilwoman Kris Murray both have said when they last campaigned – Murray in 2014 and Faessel in 2016 – they frequently heard from residents who worried the team would leave.“‘Steve, keep the Angels baseball,’” Faessel said people told him. “‘They’re important to Anaheim.’” Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

LeBron James reacts to Anthony Davis trade: ‘Just the beginning’

first_imgThe Lakers were among his preferred destinations.James now has a second star to play alongside in Los Angeles, but that doesn’t mean the Lakers are settling with adding just one piece. NBA reacts to Lakers acquiring Anthony Davis View this post on Instagram “AD on da way!! @antdavis23 (Rolling on the floor laughing emoji),” James wrote on Instagram. “Let’s get it bro! Just the beginning..(Crown emoji) #LakeShow.” The team now plans to pursue free agent point guard Kemba Walker heavily.They could also still pursue any and all of the other big-name free agents on the market like Kawhi Leonard, Kyrie Irving and Jimmy Butler.James has reportedly already been in contact with Leonard and Butler. AD on da way!! @antdavis23 🤣. Let’s get it bro! Just the beginning..👑 #LakeShowA post shared by LeBron James (@kingjames) on Jun 15, 2019 at 8:16pm PDTDavis’ agent Rich Paul told ESPN in January the All-Star center did not want to re-sign with the Pelicans and would prefer to be traded. Related News Magic Johnson takes four tweets to congratulate Rob Pelinka for Anthony Davis trade Anthony Davis trade: Who are now the 5 favorites to win the West? LeBron James is ready to play with Anthony Davis in Los Angeles.The Lakers acquired Davis from the Pelicans on Saturday for Lonzo Ball, Brandon Ingram, Josh Hart and three first-round picks, according to ESPN, and James could hardly contain his excitement.last_img read more