Further French IORP vehicle on the cards as Austerlitz seeks switch

first_imgThe vehicles were introduced by a 2016 law known as “loi Sapin”, and are subject to a regulatory framework combining elements of the IORP Directive and Solvency II, but not the latter’s capital charges and other financial requirements.Institution de Prévoyance Austerlitz delivers supplementary pension plans for former employees of three lenders: Crédit National, Banque Française du Commerce Extérieur (BFCE), and Credit d’Equipement des PME (CEPME). The plans are closed. One of France’s provident institutions is looking to take on pension fund status, having requested formal authorisation as an “institution de retraite professionelle supplémentaire (IRPS).  ACPR, the supervisor for the banking and insurance sectors in France, published an official notice about the request – from Institution de Prévoyance Austerlitz – yesterday, with creditors having two months to register views on the draft authorisation.   Institution de Prévoyance Austerlitz is planning to change its name to Institution Austerlitz in connection with the transformation into an IRPS, a new type of occupational pensions vehicle.Approval would take to four the number of these vehicles being lined up in France, following moves by insurance entities Aviva and Malakoff-Médéric last year, and Sacra this year.last_img read more

Law labels century-maker Hetmyer ‘one hell of a talent’

first_imgLEICESTER, England, (CMC) – West Indies head coach Stuart Law has labelled Shimron Hetmyer as one for the future, following the exciting left-hander’s better than run-a-ball unbeaten hundred against Leicestershire here Saturday.In just his third innings of the tour, the 20-year-old smashed 128 not out off 120 balls with 98 of those runs coming in boundaries – 17 fours and five sixes.Law said he was pleased with the high-class display of batting from the youngest member of the squad as his side rattled up 377 for seven off 88 overs on the opening day at Grace Road.It was really nice to sit here today and watch the guys bat. They played really well,” Law said.I was pleased for Hetty (Hetmyer). He’s one hell of a talent and he’s very much one of the players for the future of West Indies cricket.”He added: “He came on this tour and we felt he would benefit from the exposure and as you could see today, he has something in him and he can really play. He’s confident in everything that he does and is also a very good fielder.“He’s a tremendous young man and today he built a good innings by first getting himself in and then dominating the bowling with some class shots.”Hetmyer arrived at number nine and shared an unbroken eighth-wicket stand of 186 with wicketkeeper Shane Dowrich, who made 108 not out before the declaration came late in the day.Guyanese Hetmyer, who played three Tests against Pakistan earlier this year, said he had been focussed on making the most of the opportunity against Leicestershire.“I have been working hard in the nets and I have been putting in a lot of work. I just wanted to make full use of this knock and I was determined to do something special,” Hetmyer said .“I just tried to get a good base, to reach my half-century and push on from there. I have learnt a lot on this tour and I want to put that in place as I grow in my career.”With the three-Test series level 1-1, the former West Indies Under-19 World Cup-winning captain said the team was eagerly looking forward to the final and decisive match at Lord’s, starting on Thursday.“This is my first time in England and the conditions are different to what you face get back home in the Caribbean,” he noted.“We’re playing well, we’re confident and we just want to get build on the win in Headingley and look to win again at Lord’s.”last_img read more

OPENING DAZE: No. 12 Syracuse drops season opener to Albany in double overtime

first_img Published on February 17, 2013 at 10:06 pm Contact Jacob: [email protected] | @Jacob_Klinger_ Facebook Twitter Google+ The ball spent the majority of the first overtime rocking back and forth, in and out of JoJo Marasco’s stick. It spent all but five seconds of the first sudden-death frame under Syracuse control.After Albany dominated the majority of regulation, the Great Danes didn’t control the ball with any attacking intent until 3:24 in the second overtime.Lyle Thompson cradled the ball in the corner after an Albany timeout and sprinted straight at David Hamlin. He dodged inside of his left shoulder and beelined for the crease. Bobby Wardwell and Brian Megill met him at the doorstep, leaving Miles Thompson to be covered by an SU midfielder that never arrived.Lyle Thompson tossed the ball across the crease to Miles Thompson, who placed his shot right through the middle of Wardwell’s goal.“These guys drew it up,” Albany head coach Scott Marr said after the game, pointing to brothers Miles and Lyle Thompson and their cousin Ty Thompson.AdvertisementThis is placeholder textBut for most of the No. 12 Orange’s (0-1) 16-15 double-overtime home loss, SU was the team scrambling. Seemingly caught off guard by a first quarter AU onslaught, SU never led, struggled to contain Albany inside and only stayed alive off a pair of second-half runs. When SU did control the game it didn’t finish, ensuring defeat before a crowd of 4,130 at the Carrier Dome.The game plan was simple enough: force Albany to win with its midfield. The Great Danes couldn’t, but hardly needed to.“At halftime we went in and talked about staying with our original game plan and knowing who their players are, especially those three guys,” said SU head coach John Desko, referring to the Thompsons.SU trailed 8-5 at the break, at which point the Thompsons had scored or assisted on all but one of Albany’s goals. Though the Great Danes struck first, the Orange rattled off four unanswered to tie the game at 9-9.Marasco keyed the run, dodging in from the X to bounce an equalizer past Albany’s Blaze Riorden just two minutes into the third quarter. His unassisted goal lit a fire under the Orange, spurring a four-goal, five-minute run SU spent darting around Riorden’s goal, pulling defenders in and out, firing at the openings it tore in Albany’s defense.After Scott Loy knifed through the visitors’ defense with 7:55 remaining in the third, Marr called a timeout to stop the bleeding.“It was 0-0, it was 9-9. We said there was 22 minutes left, we said we just had to win the next 22 minutes, keep playing our game,” Marr said he told his players. “It was a game of runs, we’re going to go on our run.”The Thompsons’ show resumed within a minute.Lyle Thompson beat Megill and finished to Wardwell’s right at 6:51. Miles Thompson escaped a Megill-Joe Fazio double team in the corner of the marching band end zone to get the Great Danes cycling into their offense. That possession ended with Lyle Thompson dishing right over Steve Ianzito to Ty Thompson to put Albany up 11-9.The wheels were spinning off again for SU, and only more heroics from Marasco – he finished with three goals and five assists – quelled the Albany tide as the captain turned Doug Eich and scored from 15 yards out with 12 seconds left in the period.“The coaches realized that they weren’t really sliding, and I’m pretty used to dodging against a pole,” Marasco said. “There was a couple of no-slides and I was able to take a couple good shots.”The fourth quarter belonged to Syracuse and capped a 6-2 run that started with Marasco’s face-saver.Freed up by Albany’s defensive attention to Derek Maltz, Dylan Donahue ran riot as SU looked to make the Great Danes’ early dominance a forgotten blip in an early-season scare. His three goals in six minutes hushed the purple half of the Carrier Dome crowd.SU ran two plays in the final 40 seconds off timeouts. Marasco shot high with 14 seconds left, and a crease scramble ended with the ball stuck on the goal line as regulation expired.By the end of the first overtime Marasco had run at defenders from every angle of the attack. Luke Cometti missed three times on the crease. Loy’s forced shot was saved. Desko’s proverbial chalkboard was emptied. Albany didn’t need one.Miles Thompson pumped his legs on the sideline before the second overtime. He’d been stranded at the restraining line for the entire first, but found himself stranded by SU defenders less than two minutes into the second for the game-winner.“I said to myself, ‘All I need is one chance,’” Thompson said. “They were taking like 10 shots, and I was like, ‘Just give me one chance, that’s all I need.’” Commentslast_img read more

Alexander: Was it really the medical info that held up Mookie Betts trade?

first_img Alexander: Lakers-Blazers is not your typical No. 1 vs. No. 8 series The world according to Jim:• Nearly a week ago, L.A. rejoiced. The Dodgers, who swing for the fences plenty on the field but have been  overly risk-averse otherwise, turned bold and (apparently) came away with one of baseball’s elite players, Mookie Betts.Finally, on Sunday, Dodger fans are closer to being able to celebrate but only after exhaling, having stewed for a week over whether this thing was going to get done or not.• In the meantime, eight players on four different teams – and who knows how many additional prospects – were in a state of uncertainty, with a trade contingent on medical clearance hung up because the Boston Red Sox decided that the reliever they were getting, Brusdar Graterol, evidently wasn’t healthy enough to be the starter they needed. • On a related note, the Padres traded for Tampa Bay closer Emilio Pagán Saturday, and if you’re a Dodger fan you might have, in a momentary panic, interpreted that as A.J. Preller preparing to assemble another package to offer the Red Sox. Then again, Manuel Margot, who went to the Rays in this deal, was part of San Diego’s original offer. What was Preller going to do, offer the Sox Wil Myers’ bloated contract?Either way, Pagán adds to another stacked Padres bullpen. But a Dodgers pen with Graterol and a healthy Blake Treinen added to Kenley Jansen, Pedro Baez, Joe Kelly and Adam Kolarek could be hard to screw up. (Your move, Dave Roberts.)• As for the part of this multi-headed monster that didn’t work out? Ross Stripling posted a GIF of his own double fist pump on Twitter shortly after reports filtered out that the Dodgers-Angels deal, Stripling and Joc Pederson for Luis Rengifo and salary relief, was off.A little while later, he deleted the tweet. The reason should be obvious: If you’ve been traded once you can be traded again, so no sense celebrating too soon.• Since Angels owner Arte Moreno was said to be irate over the trade delay anyway, can we stipulate he’s not a Rube Goldberg fan?Related Articles Alexander: Playoff series takes a turn Clippers weren’t expecting • That said, even without this trade the Angels have sneakily made themselves a lot better this winter.Hiring Joe Maddon was the start. Signing Anthony Rendon was the big piece. And while none of their pitching acquisitions were glamorous, their rotation is absolutely stronger by adding Dylan Bundy, Julio Teheran and, maybe, Matt Andriese to a starting pitching mix including Andrew Heaney, Griffin Canning and (later if not sooner) Shohei Ohtani. Even without Pederson’s addition, the Angels begin the year in good shape in the outfield and will be in even better shape once Jo Adell arrives for good.• You may remember that This Space predicted a Freeway World Series before the 2018 season began.I’m not going out on that limb again, not yet. But it could be a fun October around [email protected]@Jim_Alexander on Twitter Alexander: Coping with the desolation, and silence, of empty seats • This was an unusually long delay, but it’s a sign of the times. The only deals announced immediately these days are deadline deals. Most often, executives or (more often) agents leak the information – always with that “pending a physical” caveat – and even when there isn’t hesitancy the process drags.(I would throw in a one-liner about this trade process being as laborious as “The Irishman,” except for two things. I liked “The Irishman” – sat through it all – and the three-hour, 29 minute length of that movie already has been compared to a typical Yankees-Red Sox game, in the New York Times no less.)• And I’m just speculating here, but I would not be surprised if a well-placed Red Sox front office person put the original proposal out as a trial balloon last week, and the fierceness of the reaction from New England and its expatriates was stunning enough for the Sox to determine they needed to ask for more.• The week’s wait also has the Players Association fired up. This is one more log to throw on a labor relations fire that is already blazing.• Another effect of this delay is to demonstrate the drawbacks of Rube Goldberg-type trades such as this, the three- and four-team extravaganzas of which Andrew Friedman seems especially fond. All it takes is for one piece to go awry and the whole thing is in danger of falling apart.• And if you don’t know who Rube Goldberg is and don’t feel like consulting Google, the late cartoonist’s specialty was, according to the rubegoldberg.com website, “inventions, also known as Rube Goldberg Machines, (that) solved a simple task in the most overcomplicated, inefficient, and hilarious way possible.”Yep, that’s Andrew.• The Dodgers-Twins trade evidently will remain intact, so the Dodgers wind up keeping Graterol, a right-handed reliever who sends radar guns into triple digits, and they get Betts and Price, plus a prospect they previously traded in Luke Raley, without giving up Dustin May or Gavin Lux. Even among Friedman’s critics in the Dodger fan base, I think you’d have to assume a thumbs up.• As MLB Network insider – and one-time Daily Breeze baseball writer – Jon Heyman noted, “Non-Boston docs seem to have no big issue with Graterol meds.” What does that tell you? Alexander: Baseball’s ‘unwritten rules’ need to be erased A couple players may still be in limbo. Stay tuned.• Our interpretation of the holdup, here at What They Say vs. What They Mean Headquarters: Red Sox fans’ intense reaction to this trade – both the departure of former American League MVP Betts and what was perceived as a paltry return for Betts and David Price’s contract – led Red Sox head decision-maker Chaim Bloom to back away and ask for more, using the medical reports as cover.Boston fans intense? Who knew?• So the restructured deal reportedly agreed to Sunday – and nothing is official, remember, until the teams announce it – has infield prospect Jeter Downs and catching prospect Connor Wong going to Boston along with Alex Verdugo.The upshot of Downs’ inclusion would be that the return from last winter’s trade of Matt Kemp and Yasiel Puig turned out to be a lot greater than expected. Alexander: Lakers fans, it’s been a long wait Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more