MassMutual

Stack Capital Group Inc. Reports 2023 Year End Results

Retrieved on: 
Thursday, March 7, 2024

ii the Company invested in shares of GoEuro Corp. which carries on business as Omio.

Key Points: 
  • ii the Company invested in shares of GoEuro Corp. which carries on business as Omio.
  • Stack Capital adjusted Bolt Financials’ valuation down by $0.34 for the year ended December 31, 2023 due to recently updated financial information provided by Bolt Financial.
  • Prove raised $40 million from MassMutual and Capital One in its latest series of funding to focus on the next phase of growth.
  • Since year-end, the US dollar has strengthened; as such, as of today, Stack Capital has recovered more than $0.19 in BVpS.

MassMutual Reports Strong 2023 Financial Results Fueled by Company Records

Retrieved on: 
Monday, March 4, 2024

MassMutual today reported strong financial results1 for 2023.

Key Points: 
  • MassMutual today reported strong financial results1 for 2023.
  • 1 These are consolidated statutory results of Massachusetts Mutual Life Insurance Company and its U.S.-domiciled life insurance subsidiaries: C.M.
  • Life Insurance Company, MML Bay State Life Insurance Company and MassMutual Ascend Life Insurance Company.
  • Life Insurance Company and MML Bay State Life Insurance Company, are as follows: A.M. Best Company, A++ (Superior); Fitch Ratings, AA+ (Very Strong); Moody's Investors Service, Aa3 (High Quality); and S&P Global Ratings, AA+ (Very Strong).

Pacific Advisors Welcomes Jeffery Clemons and Louis Richards to Leadership Team

Retrieved on: 
Thursday, February 22, 2024

Jeffery Clemons assumes the role of Managing Partner of Pacific Advisors Southern California, while Louis Richards joins as Managing Director.

Key Points: 
  • Jeffery Clemons assumes the role of Managing Partner of Pacific Advisors Southern California, while Louis Richards joins as Managing Director.
  • Jeffery Clemons brings over three decades of invaluable experience in the financial industry to Pacific Advisors.
  • Both Jeffery and Louis embody Pacific Advisors' core values of integrity, community elevation, teamwork, continuous improvement, and problem-solving.
  • Pacific Advisors warmly welcomes Jeffery and Louis to its leadership team and looks forward to their valuable contributions in driving the firm's continued growth and success.

Nearly 80% of Near Retirees Failed or Barely Passed a Basic Social Security Quiz from MassMutual

Retrieved on: 
Wednesday, February 21, 2024

The latest Social Security retirement benefits quiz of near-retirees from MassMutual exposes that too many – 78% -- failed or barely passed.

Key Points: 
  • The latest Social Security retirement benefits quiz of near-retirees from MassMutual exposes that too many – 78% -- failed or barely passed.
  • And 59% know that if they get divorced, they might be able to collect Social Security benefits based on their ex-spouse’s Social Security earnings history.
  • A surprising 45% of near retirees do not know the current full retirement age, however, most are knowledgeable about the consequences of receiving Social Security benefits before reaching their full retirement age.
  • 40% of near retirees believe Social Security benefits will be their biggest source of income in retirement followed by a 401k or 403b plan (17%), pension (13%) and investments (11%).

TBWA\CHIAT\DAY NEW YORK APPOINTS EMILY WILCOX AS CEO

Retrieved on: 
Wednesday, March 6, 2024

NEW YORK, March 6, 2024 /PRNewswire/ -- Today TBWA\Chiat\Day New York announced Emily Wilcox as CEO. Emily will join TBWA on April 1 from Johannes Leonardo, where she held the role of CEO. It's the first move from new United States CEO, Erin Riley, after she took the reins of TBWA\Chiat\Day's agencies in New York, Nashville, and Los Angeles.

Key Points: 
  • NEW YORK, March 6, 2024 /PRNewswire/ -- Today TBWA\Chiat\Day New York announced Emily Wilcox as CEO.
  • Emily will join TBWA on April 1 from Johannes Leonardo, where she held the role of CEO.
  • It's the first move from new United States CEO, Erin Riley, after she took the reins of TBWA\Chiat\Day's agencies in New York, Nashville, and Los Angeles.
  • Erin Riley, CEO, TBWA\Chiat\Day US noted, "Emily is new to Chiat, but she clearly has the heart of a Pirate, Disruption is in her soul.

Fieldtech Appoints Wade Seward as Head of Sales and Business Development

Retrieved on: 
Wednesday, March 6, 2024

NEW YORK, March 6, 2024 /PRNewswire/ -- Fieldtech, LLC (Fieldtech), a leader in agency management platforms for life and individual disability insurance distribution, today announced the company has appointed Wade Seward as Head of Sales and Business Development.

Key Points: 
  • NEW YORK, March 6, 2024 /PRNewswire/ -- Fieldtech, LLC (Fieldtech), a leader in agency management platforms for life and individual disability insurance distribution, today announced the company has appointed Wade Seward as Head of Sales and Business Development.
  • Seward has more than three decades of experience with market-leading insurance solution providers, most recently as the Head of Distribution Strategy for Haven Life.
  • "We're honored and excited that Wade has joined the Fieldtech team," said Bill Reidway, Chief Product Officer at Fieldtech.
  • "Fieldtech is the only platform of its kind fully dedicated to the needs of general agents alongside advisors," said Seward.

J.P. Morgan Life Sciences Private Capital Team Adds Healthcare Veteran and Past Seagen CEO David Epstein to Advisory Board

Retrieved on: 
Tuesday, February 27, 2024

NEW YORK, Feb. 27, 2024 /PRNewswire/ -- J.P. Morgan Life Sciences Private Capital today announced the addition of David Epstein to its Healthcare Advisory Board.

Key Points: 
  • NEW YORK, Feb. 27, 2024 /PRNewswire/ -- J.P. Morgan Life Sciences Private Capital today announced the addition of David Epstein to its Healthcare Advisory Board.
  • Mr. Epstein will now advise the J.P. Morgan Life Sciences Private Capital team.
  • The J.P. Morgan Life Sciences Private Capital team leverages JPMorgan Chase's scale, resources, data assets and healthcare expertise and sits within J.P. Morgan Private Capital, a venture and growth equity investment platform that is part of J.P. Morgan Asset Management.
  • The platform finances the continued growth of private companies and taps into significant pre-IPO value creation opportunities in the consumer and technology, and life sciences sectors.

HR Industry Leader Cindy Ryan Joins MassMutual as Head of Human Resources

Retrieved on: 
Tuesday, February 6, 2024

MassMutual today announced the appointment of Cindy Ryan to Head of Human Resources.

Key Points: 
  • MassMutual today announced the appointment of Cindy Ryan to Head of Human Resources.
  • Ryan, who has more than two decades of HR leadership experience, will oversee and advance MassMutual’s people strategy, aligned with the company’s purpose, priorities, and aspirations.
  • In this role, Ryan assumes oversight of MassMutual’s HR organization, which includes talent acquisition and management, total rewards, HR operations, employee relations, learning and development, and diversity, equity and inclusion (DEI).
  • “I’m excited to join a company with such a rich history that provides incredibly flexible, holistic programs to support and develop its employees,” said Ryan.

MassMutual Introduces New Municipal Bond Mutual Funds, Clinton Investment Management Selected as Subadviser

Retrieved on: 
Monday, February 5, 2024

MassMutual Investments today announced the introduction of three new open-end municipal bond mutual funds to its MassMutual Funds mix and its selection of Clinton Investment Management, LLC (CIM) as the subadviser.

Key Points: 
  • MassMutual Investments today announced the introduction of three new open-end municipal bond mutual funds to its MassMutual Funds mix and its selection of Clinton Investment Management, LLC (CIM) as the subadviser.
  • “These launches represent an important milestone and reflect continued consistency in our efforts to expand and grow our MassMutual Investments platform in the wealth distribution channel,” said Doug Steele , CFA, head of product management, MassMutual.
  • “These are the first funds that we are introducing in the municipal category, with a new-to-MassMutual subadviser.
  • “CIM is extremely proud to partner with MassMutual given the company’s deep and enduring history of delivering world-class investment capabilities.

Hunter Point Capital Names Phillip Titolo as Head of Insurance Solutions

Retrieved on: 
Thursday, January 25, 2024

Hunter Point Capital ("HPC"), a leading independent investment firm providing capital solutions to alternative asset managers, today announced that Phillip Titolo, CFA is joining the Firm as a Managing Director and Head of Insurance Solutions, effective January 29, 2024.

Key Points: 
  • Hunter Point Capital ("HPC"), a leading independent investment firm providing capital solutions to alternative asset managers, today announced that Phillip Titolo, CFA is joining the Firm as a Managing Director and Head of Insurance Solutions, effective January 29, 2024.
  • In this role, Mr. Titolo will be responsible for helping HPC and the Firm’s GP partners build strategic relationships with the insurance community.
  • This will include structuring capital-efficient vehicles and investments for insurers through HPC’s recently launched GP Financing Solutions (“GPFS”) platform, which offers NAV-based loans and preferred financing solutions to established investment managers.
  • “Phillip adds valuable insurance-specific expertise to the Hunter Point Capital team and brings an established track record of sourcing and structuring successful partnerships between investment firms and insurance companies,” said Avi Kalichstein, Co-Founder and CEO of Hunter Point Capital.