“We are aware of the importance of occupational pensions for employees of the Cofra group, especially those of C&A and we will take on this responsibility unreservedly,” said Bernd Neumann, the insurer’s chief financial officer.No statement was made by C&A or Prudentia on the deal, which is still subject to approval by German supervisor BaFin.The sale of the Pensionskasse could be connected to rumours about a possible sale of C&A by Cofra, which has been reported in the German press.Frankfurt Leben is owned by Chinese finance group Fosun and is one of several run-off platforms to have started operating in the German market over the past two years.Life insurance companies and German Pensionskassen alike are struggling with the current low-interest rate scenario, which has challenged their ability to keep promises made in different market environments.By selling businesses to run-off platforms, companies can take some liabilities off their balance sheet. Experts have also argued that pension plans with falling memberships can benefit from pooling together on such platforms.Read more about run-off deals in Germany in the April issue of IPE. The Cofra Group, owner of fashion company C&A, has sold its German Pensionskasse to Frankfurter Leben-Gruppe (Frankfurt Leben).In total, €1.8bn in assets run for C&A’s 50,000 current and former employees in Germany were transferred to the run-off platform.The sale of Prudentia PK follows Frankfurt Leben’s purchase of AXA’s €3bn multi-employer Pensionskasse Pro bAV in February. The insurer now runs roughly €10bn of pensions and insurance assets.Frankfurt Leben, which specialises in running closed asset pools, said it would continue to run C&A’s pension plan and make payouts.
The Oldenburg Academy Twisters Varsity Baseball team defeated The South Decatur Cougars 10-6 to improve to 8-10 on the season.OA Batting: Nick Bischoff 1-3, 2 runs, rbi, bb; Chase Hogg 1-2, 3 runs, bb, hbp; Sam Gast 2-2, 3 runs, 3 run HR, sac fly, bb, 5 rbi; Tanner Alley 3-4, 3 rbi; Aaron Huber 2-4, run, double, 2 rbi; Tyler Hesselbrock 0-4, run; Dalton Mooney 1-2, 2 runs, bb; Zach Pottschmidt 3-3, 3 runs, 2 doubles, rbi; and Ian Dickey 0-3, run.OA Pitching: Tyler Hesselbrock 5 IP, 6 earned runs, 9 hits, 3 k, 5 bb. Win.Next game: at Union Co. 5/19/16.Courtesy of Twisters Coach Doug Behlmer.
After a sweep of crosstown rival No. 11 UCLA in Westwood and a thrilling five-set victory against No. 8-ranked Stanford in Palo Alto, two of USC’s seniors were named Pac-12 Volleyball Offensive and Defensive Players of the Week.Senior middle blocker Alicia Ogoms was voted as Pac-12 Defensive Player of the Week for the first time in her career, while senior outside hitter Samantha Bricio was named Pac-12 Offensive Player of the Week for a record fourth time this season, a feat that no player in conference history has ever accomplished.The senior duo led then-No. 3 USC to a pair of road victories to start conference play undefeated, while also pushing their record to a spotless 14-0 overall. Now, USC sits towards the top of the AVCA national rankings at No. 2 overall, 20 spots higher than their ranking of No. 22 during the preseason.With the award, Bricio also becomes the most lauded player in USC history, as this marks her seventh time winning Offensive Player of the Week. She is the seventh player in conference history to receive weekly honors seven times or more in her career.On Sunday, the Women of Troy stormed Maples Pavilion and earned a dramatic five-set come-from-behind victory against the Cardinal to keep their perfect record intact and remain undefeated in conference play.It certainly wasn’t a pretty win, with a combined 46 hitting and serving errors on the evening for the Women of Troy, but USC went the distance for the first time this season and was able to pull out the gutsy (26-24, 19-25, 20-25, 25-17, 15-13) victory in Palo Alto. USC now improves to 14-0 on the season and 2-0 in Pac-12 play while Stanford drops to 7-3, 1-1 in conference.Even though his team did not play all that well, head coach Mick Haley thought his players could learn a lot from their performance in a tough environment.“I think this win means we can certainly get a lot better, but now they know how to win when they’re not at their best. They’ve got a great team concept and they’re playing off each other’s enthusiasm,” Haley said.Bricio had yet another career-high performance, this time scoring a personal best of 34.0 points on a game-high 27 kills, 10 digs, three blocks and five service aces. The Women of Troy had 63 kills compared to Stanford’s 56, with Bricio accounting for 43 percent of her team’s kills.“Her performance today is why I think she’s a serious candidate for Player of the Year. When a player steps up like that in every facet — serving, passing, blocking and hitting — you can win a lot of games even when the rest of the team isn’t playing so well. Her play was huge,” Haley said.Ogoms had a whopping nine blocks on the afternoon, good enough for match-high honors, while also adding eight kills on a .438 hitting clip. Junior setter Alice Pizzasegola directed the USC offense with 34 assists and eight digs, while junior libero Taylor Whittingham had a match-high 15 digs.USC’s three freshman starters all provided significant contributions on the afternoon as well. Setter Baylee Johnson filled the stat sheet with a solid all-around effort, adding 17 assists, five kills, nine digs and five blocks, while outside hitter Alyse Ford finished second on the team with 12 kills. Victoria Garrick, a first-year defensive specialist playing in front of her family and friends, tallied 14 digs in the back row to finish second on the team and added one service ace.Haley was proud of how his young players fought throughout the match.“The freshmen really grew up tonight. They had their ups and downs, and each one of them had stuff to work through, but they’re learning how to do it and they’re gaining experience,” Haley said. “When we can win to go with that experience, that just gives them more and more self confidence.”After a tight 26-24 first set victory, USC fell behind in the match after Stanford won two straight sets. This would be the first time all season that the Women of Troy have dropped more than one set in a game. The fourth set, however, went USC’s way with a 25-17 win, forcing the fifth and decisive set. Bricio added six kills in the frame to solidify the 15-13 comeback victory.With the win, USC snapped Stanford’s 27-match home winning streak at Maples Pavilion, their first loss since USC beat them in five sets back in October 2013. The Women of Troy also remain one of five unbeaten NCAA Division I teams this season.USC will now head home for a pair of conference games against the Washington schools. The Washington State Cougars come to the Galen Center on Friday, Oct. 2 at 7:00 p.m. to take on the Women of Troy in the first game of the series. Then on Sunday, Oct. 4, No. 2-ranked USC and No. 5-ranked Washington face off for an afternoon top 10 showdown at 1:00 p.m.“We have to take it one game at a time. Now we have to put this win behind us and think about Washington State next,” Haley said. “They’re going to come to Galen and try and do the same thing we did to Stanford on our home court, so after tonight our focus has to shift to the Cougars.”
AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersThe veteran was signed for his defense, but his health has kept him out of the entire preseason. At this point, he looks like the third center on the depth chart.Corey Brewer, F, 6-9, 186, Florida, 31The Lakers got Brewer back in the Lou Williams trade at last year’s deadline, and he has been a strong veteran voice and, when called upon, a capable defender.Thomas Bryant (R), C, 6-10, 248, Indiana, 20Bryant has impressed in limited preseason action, setting tough screens and playing above the rim. He will be a force with the South Bay Lakers as his game develops. Name, position, height, weight, school, ageLonzo Ball (R), G, 6-6, 190, UCLA, 19No one has more to prove than the electrifying rookie point guard, whose success could determine whether star free agents such as LeBron James join the Lakers next summer.Andrew Bogut, C, 7-0, 260, Utah, 32 Newsroom GuidelinesNews TipsContact UsReport an Error Kentavious Caldwell-Pope, G, 6-5, 205, Georgia, 24The Lakers spent $18 million for a one-year look at a player who automatically becomes their best defender and a demon in transition.Alex Caruso (R), G, 6-5,205, Texas A&M, 23Signed to a two-way contract after breaking out in Summer League, Caruso can spend up to 45 days with the Lakers.Jordan Clarkson, G, 6-5, 194, Missouri, 25No current member of the roster has played more games in a Lakers uniform than Clarkson, but he needs to show that he can defend and shoot reliably.Luol Deng, F, 6-9, 220, Duke, 32In the second-year of a massive and misguided contract, Deng is not a part of the Lakers’ future and therefore is unlikely to see the floor very often.Tyler Ennis, G, 6-3, 194, Syracuse, 23Ennis won the Lakers over last spring and they were happy to bring him back after striking out on bigger-name free agents to back up Ball.Josh Hart (R), G, 6-5, 215, Villanova, 22Another option behind Lonzo Ball, Hart is among the Lakers’ best defenders but will likely spend most of his time in the G-League.Brandon Ingram, F, 6-9, 190, Duke, 20Challenged by Magic Johnson to lead the Lakers in scoring, Ingram was slow out of the gates during the preseason but will have every opportunity to shine.Kyle Kuzma (R), F, 6-9, 220 Utah, 22The steal of the draft? Kuzma led all NBA players in scoring in the preseason, and has forced his way into the starting power forward conversation.Brook Lopez, C, 7-0, 268, Stanford, 29Lopez made 134 3-pointers last season, and gives the Lakers a bona-fide scoring threat from inside and out in a starting lineup that might otherwise struggle to put up points.Larry Nance Jr., F, 6-9, 230, Wyoming, 24An effective passer and an ideal partner for Ball in the pick-and-roll, Nance used hustle and other intangibles to (likely) win a starting job.Julius Randle, F, 6-9, 250, Kentucky, 22If Randle, a restricted free agent next summer, is to remain with the Lakers he must prove he is more than just a one-speed offensive threat.Ivica Zubac, C, 7-1, 240, Croatia, 20With Lopez and Bogut aboard, the Lakers can take it slow with Zubac, who started 11 games last season and showed an impressive array of post moves when he was on the court.(R) – rookie