Länsförsäkringar Liv is not the only company struggling with guaranteed products.Its rival Handelsbanken Liv had to top up its guaranteed products with SEK16m (€1.8m), as performance failed to cover the guarantees agreed over the third quarter.The guarantees are between 3% and 5%, and, as long as interest rates remain low, the situation will remain.Handelsbanken has worked to move customers out of guaranteed products for some time now.It has SEK11bn in these types of products, SEK57bn in fund products and SEK16bn in other types of insurance products.AMF, another life and pension provider, returned 5.9% over the first three quarters, while its solvency ratio increased to 221%, up from 183% last year, putting it in a better position than many of its competitors when dealing with guarantees.Alecta, meanwhile, returned 6.6%, with a solvency ratio of 174%, compared with 134% at the same time last year.Alecta’s main pension product, Alecta Optimal Pension, returned 12% over the period.Elsewhere, the life and pensions business of SEB, the Swedish banking group, saw premiums increase by 14% to SEK23bn, with its unit-linked business assets under management at an all-time-high at SEK148bn as a result of new clients and rising stock markets.At the same time, SEB Trygg Liv Gamla, its traditional guaranteed product, returned 6.6%. The solvency ratio increased to 192% from 166%.Bucking the trend of reduced guarantees, SEB Trygg Liv Gamla increased guarantees to 7% before taxes and fees from 1 October.At the same time, life and pension business of Nordea, the Nordic banking group, saw a rise in premiums of 23%.Similarly, Swedbank Försäkring, the life and pension insurance business of the banking group, saw premium income increase by 8%, with assets under management increasing by 11% to SEK113.8bn.Its average return for fund customers was 9.6%.Lastly, PP Pension, the pension fund for the press and media, reported returns of 4.4% for the three quarters to the end of September. Länsförsäkringar Liv, the Swedish life and pension insurer, has set out to boost its solvency levels by asking its customers to agree to new contracts without guarantees. So far, only 10,000 of its 200,000 customers have agreed.Instead of guarantees, Länsförsäkringar is also now offering lower fees, a move that has increased its solvency ratio by 1.2 percentage points to 118%.During the first three quarters of the year, guaranteed product performance was down by 3.9%, while its new product with lower guarantees returned 0.8%.
Chilean port, towage and logistics services provider SAAM informed that Terminal Portuario Guayaquil (TPG), a port it has operated in Ecuador since 2006, incorporated the facilities of the adjacent Trinipuerto bulk terminal through a 40-year lease.Trinupuerto terminal is expected to more than double TPG’s current container transfer capacity and enable it to enter the bulk cargo market.In the following period, TPG will invest around USD 60 million in new infrastructure. The investment plan includes expanding the berth by 120 meters to total 480 meters, purchasing modern equipment, including two super Post-Panamax (STS) cranes and five RTG cranes, and equipping 4.5 additional hectares for support areas.The new infrastructure is expected to be inaugurated in June, according to SAAM.“With these investments, TPG hopes to properly meet increased demand from commercial contracts signed recently that will help almost triple its activity in upcoming months,” SAAM said. TPG is a port operated by SAAM, providing services at the base of the Santa Ana Estuary located in Isla Trinitaria, a suburb of the city of Guayaquil. In 2016, the terminal recorded a cargo throughput of 1.6 million tons.
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World champion Lewis Hamilton said he was concerned about the potential spread of coronavirus at the Australian Grand Prix The employee was among at least five Formula One personnel – four from Haas – who went into isolation this week after showing flu-like symptoms typical of the virus. “The team member was tested and self-isolated as soon as they started to show symptoms and will now be treated by local healthcare authorities,” McLaren said in a statement, adding that he would be quarantined. “The decision (to withdraw) has been taken based on a duty of care not only to McLaren F1 employees and partners, but also to the team’s competitors, Formula 1 fans and wider F1 stakeholders.” Results of the tests for the Haas staff have yet to be revealed. McLaren’s decision to pull out casts doubt over whether the race will be run without a full complement of teams, and whether others will follow suit. World champion Lewis Hamilton earlier Thursday said he was “very surprised” that it was going ahead as fears mount about the spread of the disease. “I am really very, very surprised that we’re here. I don’t think it’s great that we have races but it really is shocking that we’re all sitting in this room,” he said at an official pre-race press conference packed with media. Read Also: Coronavirus: F1 continuing is shocking – HamiltonThe Australian Grand Prix Corporation said it was working closely with health authorities to take additional precautions at Albert Park, including having hand sanitisers at public areas and corporate facilities.Cleaning and disinfection programmes have been increased and protocols implemented to respond to any suspected COVID-19 cases.Over the weekend, the FIA said it was establishing a “crisis cell” to meet every two days to monitor the global threat posed by the virus.FacebookTwitterWhatsAppEmail分享 Renault’s French driver Esteban Ocon was taking no chances as he arrived at Melbourne Park“We’ll cross that bridge when we get to it,” he said.Australia has reported 150 cases of coronavirus so far, including among fans who attended the women’s T20 Cricket World Cup final and a Super Rugby match, both in Melbourne last week.European countries that are home to many of the F1 teams and journalists at the grand prix have had far more cases.Despite concerns, fans flocked to Albert Park on Thursday for a Supercars qualifying session.“I’m not worried, I’m washing my hands and that’s the best thing to do,” said spectator Robert Clarke as he used a hand-sanitiser station.– Masked driver –The first F1 practice sessions are due to start on Friday.In an attempt to limit interaction between drivers and fans, autograph sessions have been replaced by question and answer interviews, with selfies banned.Haas F1 team principal Guenther Steiner (left) talks with team members at Albert Park. Four members of Haas staff are in isolation over coronavirus fearsMedia events have also been hit with Renault’s Ricciardo and Esteban Ocon “excused” from a press conference Wednesday, and an exclusion zone was enforced around Max Verstappen and Alex Albon at a Red Bull function.Ocon was spotted wearing a mask in the paddock on Thursday, while teams scrapped all-in TV interviews, where media are tightly packed around the drivers, for the duration of the weekend.The coronavirus has already hurt the sport with April’s Chinese Grand Prix postponed, while the second race of the year in Bahrain will be held without spectators. “It seems that the rest of the world is already reacting a little bit late, but you have seen this morning with (President Donald) Trump shutting down the border to Europe to the States, the NBA suspended, yet Formula One continues to go on. “It’s a concern I think for the people here. It’s quite a big circus that’s come here, it’s definitely concerning for me.” The Mercedes star, who is gunning to match Michael Schumacher’s record seven world crowns this season, sat alongside Ferrari’s Sebastian Vettel and Renault’s Daniel Ricciardo in the media session, but a large open space separated them from the press. Asked why he felt the race was still on, Hamilton replied: “Cash is king.” Four-time world champion Vettel said it was difficult to judge what to do as the virus continues its spread. “Obviously we have to trust the FIA (International Automobile Federation) to take precautions as much as they can, but I think the answer that nobody can give you at the moment is how much you can control what is going on,” he said. “As a matter of fact, we are here so you just try to take care as much as you can.” – T20 cricket final – Haas team principal Guenther Steiner said they had not yet discussed what to do if any of their employees tested positive.
Redshirt freshman Jordan Fredrick has four receptions for the Badgers and is currently second on the team with 16.8 yards per catch.[/media-credit]The first snap against Northern Iowa. That was when redshirt freshman and newly crowned No. 2 wide receiver Jordan Fredrick knew he had officially locked up a starting wide receiver spot, donning the jersey of his hometown team, the very one he grew up cheering for.A lifelong Madison resident and Memorial High graduate, the surprise experienced by every Badger fan when they opened up the first depth chart of the season this August was matched only by Fredrick himself. Despite never setting foot on a college field in uniform, he was the first man in line behind far-and-away No. 1 option Jared Abbrederis, who led Wisconsin with 933 yards in 2011.“I didn’t think it was going to come that fast,” Fredrick said. “Had a good camp and obviously that first game was at No. 2 so that was a good feeling.”On a receiving unit loaded with youth but short on experience aside from Abbrederis, Fredrick was an opening-day starter, playing in front of the seats that held many of his childhood memories as a season-ticket holder.While receivers like Big Ten Championship Game hero Jeff Duckworth had more experience, Fredrick said he won over coaches during fall camp with his consistency. He made the occasional big play, taking advantage of his big, athletic frame, but it was more the lack of mistakes that earned him the surprising nod.And in his third game on a college football field against Utah State, he turned into Wisconsin’s de facto No. 1 receiver with his mentor sidelined with a concussion.“He’s a Wisconsin-type player all-around,” wide receivers coach Zach Azzanni said. “He puts in all the overtime – he (and Abbrederis) watch more film than probably anybody I have.”Recruited as a linebacker and suiting up as a defensive back for his first three years of high school, head coach Bret Bielema gave the former all-state player two options: continue as a linebacker, or make the full-time switch to wideout, which he also played in high school. After glancing over at a linebacking corps with a mainstay of talent in Mike Taylor and Chris Taylor – each with multiple years of eligibility remaining – he realized his best chance to see the field was as a receiver. Former UW standout Nick Toon would depart for the NFL after his redshirt year, and the competition was wide open. Little did he know, a year later he would be starting in front of his parents and friends at Camp Randall.“It definitely means more when you have that background of being a Badger,” said Fredrick, whose father played tight end for the Badgers from 1979-81. “It’s not just a college team. You’re not just playing at the next level; you’re just playing for a lot deeper meaning. It means a lot more to you.”Playing on an offense that has struggled to build an offensive rhythm and averages 156.3 passing yards per game, Fredrick’s numbers are modest – four receptions for 67 yards through his first three games. The stat-padding downfield bombs increasingly rare this season, Azzanni said his young crew of receivers must show offense coordinator Matt Canada they can consistently complete such plays. But Fredrick has tried to take every cue he can from his more accomplished counterpart. Building a tight bond with Abbrederis over the summer – often on the golf course – the redshirt freshman understands much of his role is creating better looks and serving as a decoy for UW’s top target.“Just encouraging them as they go along their way,” Abbrederis said of how he helps his young teammates, adding that he will return to the field against UTEP this weekend. “There’s not much I can do – I can’t just make them go out there and make plays.“But if I go out there and do what I do, try to make plays, they’ll follow suit and they can do the same thing.”Fredrick admitted he can’t match Abbrederis’ speed and he won’t trip up cornerbacks with ankle-breaking cuts on his routes, but he does have one obvious advantage: size. Listed at 6-foot-3, 215 pounds, he has the frame of a physical receiver who will overpower rather than outrun.Flashing a wide grin when he speaks, Fredrick looks more linebacker than wide receiver, in stark contrast to the undersized Abbrederis. His position coach noted the first-year player “likes contact,” and with a few years of experience, it’s easy to imagine the Madison native as an intimidating downfield threat.And though he has started two of the Badgers’ first three games, he understands he has much to learn from Abbrederis’ tutelage.“[Abbrederis] is a playmaker, and that’s what I … hope I will be when I get that opportunity,” he said. “When he’s in the big games, big situations, he’s made those plays. That’s one big thing I want to do is definitely just be that playmaker that he’s been.”Fredrick – whose best performance came against Northern Iowa with two catches for 39 yards – is hesitant to make predictions about the player he can turn into in the coming years. But the coaching staff is hoping the bumps in the road this season will pay off.They’re banking on the future. “We have some guys that can make those plays,” Azzanni said. “We just don’t know if they can do it yet.”