Maria Kolesnikova, who was abducted on Monday by Belarusian security agents, found a way to foil their plans.
— NYT: Andrew Higgins
Author: Michelle Dryden
CAMDEN, N.J.–(BUSINESS WIRE)–Rondo-Pak, LLC, a Joint Venture with Körber Pharma group (formerly Körber Medipak Systems), has named Bob Reilley as its President and Chief Operating Officer. Mr. Reilley had been in the COO role for 4 years. As President and COO he will continue to oversee North American operations, including facilities in New Jersey and Puerto Rico. He has been in a leadership role within the company for 10 years and has been instrumental to Rondo-Pak’s success and growth. Reilley is credited with leading the Rondo-Pak team to its status as a unique solution in the Pharmaceutical Secondary Packaging Supply Chain.
As the President and COO, Mr. Reilley will take a lead role in strategic planning, client acquisition and retention. He has been effective with the full integration of Rondo-Pak into the Körber Pharma group. In this expanded role, Reilley will be the key integral connection between Rondo-Pak and the Körber Pharma group.
Prior to joining Rondo-Pak, Bob served as a Global Director for Catalent Pharma Solutions’ Printed Components Division. Reilley has been guiding operations for pharmaceutical suppliers for over 25 years.
Rondo-Pak, LLC is a leader in secondary packaging and printed marketing collateral, serving the Life Sciences and Healthcare markets.
Contacts
Bob Wilson
(856) 663-7277
OLDWICK, N.J.–(BUSINESS WIRE)–Canada’s property/casualty insurance industry thus far has fared better than their life counterparts amid the volatile economic and market dynamics created by the COVID-19 pandemic, according to a AM Best report.
In its Best’s Market Segment Report, titled, “COVID-19 Taking Its Toll on Canada’s Economy and Insurance Industry,” AM Best states that the country’s overall insurance industry remains well-capitalized. However, for Canada’s life insurance industry, top-line growth has been materially affected, as consumers reacted to COVID-19-fueled economic strain, and agents and life insurance representatives transitioned with varying degrees of success to a digital sales environment. Life insurers’ operating earnings also have been impacted because of the market dynamics and asset valuations, and earnings likely will be pressured by the prolonged volatility in the equity markets and low interest rates, leading to lower fee-based revenue as well. In April, AM Best revised its outlook on Canada’s life insurance industry to negative, owing to the significant disruption to the financial markets caused by the COVID-19 outbreak. AM Best remains concerned about companies with higher exposures to commercial mortgage loans, particularly in the hotel and retail segments, as well as office space, given that many companies have been cautious in returning to an office environment.
Canada’s property/casualty companies continue to show that they have the ability to remain profitable and meet the challenges presented by COVID-19, on top of those presented by increasingly volatile weather and climate conditions, fire and seismic activity, as well as economic volatility and competitive and regulatory issues. The personal auto insurance line remains a soft spot, however, as performance deteriorated again in 2019, and experienced a 10-point rise in the loss and loss adjustment expense ratio, reversing two years of improvement. All auto lines remain exposed to loss frequency brought on by factors such as distracted driving and more miles driven. In addition, inflation and a continual increase in loss severity due to rising repair costs are still affecting the auto lines. Early indications are that frequency trends will be down significantly in 2020, as shelter-in-place requirements, business closures, and remote working arrangements have caused a steep decline in miles driven across the country. AM Best maintains a stable outlook on Canada’s property/casualty segment.
To access the full copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=300880.
A video presentation on this market segment report with AM Best Financial Analyst Brian Lynch and Senior Financial Analyst Anthony McSwieney is available at http://www.ambest.com/v.asp?v=ambcanada920.
AM Best will present its annual Insurance Market Briefing – Canada as two complimentary webinars on Sept. 9-10, 2020. “AM Best’s Canadian Outlook: In the Shadow of COVID-19,” will be held on Sept. 9, from 2-3 p.m. (EDT), and “Canada 2020 Hot Topics Panel Discussion,” will be held on Sept. 10, from 2-3 p.m. (EDT). For more information and for registration, please go to http://www.ambest.com/conferences/imbcanada2020.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2020 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
Contacts
Raymond Thomson, CPCU, ARe, ARM, AIAF
Director—P/C
+1 908 439 2200, ext. 5621
raymond.thomson@ambest.com
Anthony McSwieney
Senior Financial Analyst—L/H
+1 908 439 2200, ext. 5715
anthony.mcswieney@ambest.com
Ann Modica
Associate Director, Credit Rating Criteria,
Research and Analytics
+1 908 439 2200, ext. 5209
ann.modica@ambest.com
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com
Three major crossings on the Thames are closed to cars — one of them considered too dangerous even to walk across. Even the landmark Tower Bridge was recently shut for two days.
— Mark Landler
While serving time, Ryan Rust was beaten, stabbed and threatened with hot oil if his relatives didn’t pay up. After disturbing calls and texts, they bought guns for protection.
— Serge F. Kovaleski, Dan Barry and Annie Flanagan
Election day falls on Nov. 3. But another set of crucial elections falls in late November or early December on Capitol Hill.
FOX News: Chad Pergram
New York Jets general manager Joe Douglas said Monday “it angers” his players to see what is said and written about them entering the 2020 season.
— FOX News: Ryan Gaydos
A veteran New Jersey police officer jumped into a river to save a burglary suspect– and then died hours later.
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A pair of hungry and feisty starlings were spotted near St. Andrews, Scotland, duking it out over morsels of food.
— FOX News: Chris Ciaccia
Five months ago, President Trump’s re-election campaign had a huge financial edge over Joseph R. Biden Jr.’s. The Times conducted an extensive review of how the Trump team spent lavishly to show how that advantage evaporated.
— Shane Goldmacher and Maggie Haberman