Swiss Re (SSREF) 98.8500 $SSREF
HSBC Announces Update On Its Tender Offer For Preferred Securities Issued By Swiss Re Capital I LP And Guaranteed By Swiss Reinsurance Company Ltd
PR Newswire - Tue Mar 31, 3:26PM CDT
HSBC Bank plc ("HSBC"
today announces the termination of its offer to purchase the outstanding 6.854% Perpetual Subordinated Step-Up Preferred Securities (liquidation preference $1,000 per Preferred Security) (Rule 144A CUSIP / ISIN / Common Code: 87089AAA6 / US87089AAA60 / 025409060; Regulation S CUSIP / ISIN / Common Code: G86303AA5 / USG86303AA52 / 025409086) (the "Preferred Securities" , issued by Swiss Re Capital I LP (the "Issuer" and guaranteed on a subordinated basis by Swiss Reinsurance Company Ltd ("Swiss Re" (the "Offer" .
RCAP: 9.39 (-0.35)
Lloyd's Still Aiming To Harness Alternative Reinsurance Capital Trend
Steve Evans - Seeking Alpha - Fri Mar 27, 1:24PM CDT
The Lloyd's (NYSE: LYG ) of London insurance and reinsurance market remains "determined to harness" the alternative reinsurance capital trend, according to its latest annual report which shows that the market's return on capital dropped to...
TPRE: 14.17 (+0.04), LYG: 4.67 (-0.07), GLRE: 30.91 (-0.39)
MetLife Honored With Celent Model Insurer Award for Their Work With Ebix and Swiss Re
GlobeNewswire - Wed Mar 25, 6:30AM CDT
Ebix, Inc. (Nasdaq:EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, today announced that MetLife, a leading global provider of insurance, annuities and employee benefit programs, has won the Celent Model Insurer award presented at the recent Innovation & Insight Day ceremony, for its new end-to-end life insurance technology and solution architecture aimed at its US Direct channel. Ebix was the main technology supplier on the project, named Apollo, which was designed and implemented over a record period of 7-months.
EBIX: 29.23 (-0.14)
IPMI Premiums in Asia to Rise 15.4%
GlobeNewswire - Thu Mar 19, 12:04AM CDT
via PRWEB - In line with Pacific Prime's findings, international private medical insurance premiums are expected to rise as much as 15.4% per annum. The insurance experts attribute higher premium inflation rates seen in high-cost Asia today to "the growth in high net worth local citizens, the aging of local populations of high net worth locals, and growing or stable populations of expats".
HSBC Announces Tender Offer For Notes Issued By Swiss Re Capital I LP And Guaranteed By Swiss Reinsurance Company Ltd
PR Newswire - Wed Mar 18, 3:55PM CDT
HSBC Bank plc ("HSBC" today announces that it is inviting holders of the outstanding 6.854% Perpetual Subordinated Step-Up Preferred Securities (liquidation preference $1,000 per Preferred Security) (Rule 144A CUSIP / ISIN / Common Code: 87089AAA6 / US87089AAA60 / 025409060; Regulation S CUSIP / ISIN / Common Code: G86303AA5 / USG86303AA52 / 025409086) (the "Preferred Securities" , issued by Swiss Re Capital I LP (the "Issuer" and guaranteed on a subordinated basis by Swiss Reinsurance Company Ltd ("Swiss Re" to offer to sell to HSBC for cash Preferred Securities at the price specified below (the "Offer" .
RCAP: 9.39 (-0.35)
Longevity Reinsurance Becoming More Competitive: Hannover Re
Steve Evans - Seeking Alpha - Wed Mar 18, 8:53AM CDT
The global reinsurance market is becoming increasingly attracted to longevity risks, resulting in greater competition for every longevity reinsurance transaction and causing some of the largest reinsurers to adopt a conservative approach to the...
TPRE: 14.17 (+0.04), GLRE: 30.91 (-0.39)
Recent Buy: Munich Re - Probably Europe's Most Revered Dividend Aristocrat
Nigel Kelly - at Seeking Alpha - Tue Mar 17, 9:43AM CDT
BRK.B: 143.50 (-0.15), BRK.A: 215,211.00 (-311.80)
Allstate Not Ready To Use Alternative Capital Or ILS To Drive Growth
Steve Evans - at Seeking Alpha - Wed Mar 11, 11:07PM CDT
U.S. primary insurance company Allstate (NYSE: ALL ) has been actively exploring ways to use more third-party reinsurance capital within its business, but to-date, hasn't found a compelling way to leverage alternative reinsurance capital or ILS as...
TPRE: 14.17 (+0.04), ALL: 72.03 (+0.13), GLRE: 30.91 (-0.39)
Helinet Aviation Named Authorized Training Center by AgustaWestland for AW109 E and S Line of Helicopters
PR Newswire - Tue Mar 03, 7:45AM CST
Helinet Aviation, a diversified flight services company, announced today it has been named an Authorized Training Center by AgustaWestland for the manufacturer's AW109 E and S models. The certification recognizes Helinet's 28 years of experience training pilots across a broad range of helicopters including the company's recent expansion of its AW109 E and S fleet of six aircraft.
MobileIron being used by Swiss Re to allow BYOD
M2 - Fri Feb 13, 5:49AM CST
Global reinsurer Swiss Re said it is switching to a new bring-your-own-device (BYOD) scheme, away from Blackberry mobiles.
MOBL: 9.29 (+0.27)
Lancashire Grows Pre-Tax Profits Despite Reinsurance And Retro Pressure
Steve Evans - at Seeking Alpha - Fri Feb 13, 3:00AM CST
Specialty insurance and reinsurance company Lancashire Holdings ( OTCPK:LCSHF ) reported an increase in pre-tax profits this morning and growing contribution from third-party capital at Kinesis despite the "pressures" in reinsurance and...
TPRE: 14.17 (+0.04), GLRE: 30.91 (-0.39)
Swiss Re goes BYOD with MobileIron
PR Newswire - Thu Feb 12, 3:10PM CST
Global reinsurer Swiss Re is switching to a new bring-your-own-device scheme, away from Blackberry mobiles. Employees will have a choice between a corporate-owned Windows Phone or bringing in their own devices (BYOD). All employee and corporate devices will be managed via MobileIron's (NASDAQ: MOBL) enterprise mobility management (EMM) solution.
MOBL: 9.29 (+0.27)
Reinsurance in Spain, Key Trends and Opportunities to 2018
M2 - Thu Feb 12, 9:05AM CST
Research and Markets (http://www.researchandmarkets.com/research/3gt9r9/reinsurance_in) has announced the addition of the "Reinsurance in Spain, Key Trends and Opportunities to 2018" report to their offering. Despite the global financial and European debt crises, the Spanish reinsurance segment registered a review-period (2009-2013) compound annual growth rate (CAGR) of 6.3%. With gradual economic improvement and increasing public confidence in insurance products, the segment is expected to post a forecast-period (2013-2018) CAGR of 5.7%. The Insurance Compensation Consortium (CCS) provides cover for all natural disaster events through a compulsory surcharge based on sums insured, which set a very low requirement for insurers to seek natural disaster reinsurance, which includes unexpected natural and socio-political risks. Reinsurance rates in Spain fell in 2011 and 2012 due to the absence of natural disasters. Treaty reinsurance led the segment during the review period and accounted for a 51.7% share, while facultative reinsurance accounted for 48.3%. Key Topics Covered: 1 Key Facts and Top Events 2 Executive Summary 3 Introduction 4 Spanish Insurance Industry Attractiveness 5 Reinsurance Growth Dynamics and Challenges 6 Key Drivers 7 Competitive Landscape and Strategic Insights 8 Appendix Companies Mentioned - Mapfre Re - Nacional de Reaseguros SA - Swiss Re - ACE Tempest Reinsurance Ltd - General Reinsurance AG - Scor Re - RGA Re For more information visit http://www.researchandmarkets.com/research/3g...surance_in
Swiss Re CFO Reinsurance to Keynote AFP FP&A Leadership Summit in Amsterdam
PR Newswire - Wed Feb 11, 5:10AM CST
Gerhard Lohmann, Chief Financial Officer Reinsurance of Swiss Re, will provide the keynote address at the inaugural FP&A Leadership Summit on 19-20 May at the Sofitel Legend The Grand hotel in Amsterdam, the Association for Financial Professionals (AFP) announced today.
Our Guide To Investing Outside The U.S.
Robur Investment Resources - Seeking Alpha - Thu Feb 05, 6:32AM CST
Introduction As we have mentioned in a previous post , 2014 was a great year for US equities, with the major US indexes seeing double digit growth. Although some of these gains have been given up during January, our belief is that the US market is...
SAP: 73.18 (+0.20)
Swiss Re Corporate Solutions Names Ole Nyborg As Head of Claims EMEA
PR Newswire Europe - Thu Feb 05, 6:31AM CST
Swiss Re Corporate Solutions names Ole Nyborg as Head of Claims for Europe, Middle East and Africa (EMEA). Mr. Nyborg will be responsible, in this Managing Director role, for all regional claims matters. He will be based in the Swiss Re office in Copenhagen, Denmark.
Reinsurance in Singapore, Key Trends and Opportunities to 2018
M2 - Mon Feb 02, 11:38AM CST
Research and Markets (http://www.researchandmarkets.com/research/7r6kp5/reinsurance_in) has announced the addition of the "Reinsurance in Singapore, Key Trends and Opportunities to 2018" report to their offering. In terms of gross written premium, the Singaporean reinsurance segment grew at a compound annual growth rate (CAGR) of 8.9% during the review period (2009-2013), partially due to increasing risk awareness and expansion of the insurance industry, with insurers ceding a higher percentage of revenue to reinsurers. Growth was also supported by increased demand for reinsurance in key offshore markets following floods in Australia, China and Thailand, earthquakes in New Zealand and Japan, and a tsunami in Japan, all of which made insurers in the affected countries keen to cede a greater proportion of their premium to reinsurers based in Singapore to avoid significant losses through future natural disasters. Scope - It provides historical values for Singapore's reinsurance segment for the report's 2009-2013 review period, and projected figures for the 2013-2018 forecast period. - It offers a detailed analysis of the key categories in Singapore's reinsurance segment, along with market forecasts until 2018. - It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Singaporean its growth prospects. Key Highlights - In terms of gross written premium, the Singaporean reinsurance segment grew at a CAGR of 8.9% during the review period , partially due to increasing risk awareness and expansion of the insurance industry, with insurers ceding a higher percentage of revenue to reinsurers. - Singapore is rapidly becoming a regional hub for reinsurance, with reinsurers operating in the state generating significant proportions their revenues from overseas markets. - The Singaporean government offers incentives to reinsurers through its Offshore Insurance Business (OIB) scheme, the most widely used tax incentive in Singapore's insurance industry. - Offshore revenues were generated in the wake of significant losses from natural disasters during the review period, such as floods in Australia and Thailand, earthquakes in New Zealand and Japan, and a tsunami in Japan. - Over the forecast period, demand for reinsurance in Singapore is expected to increase due to the rapid development of the country's high-profit-margin insurance industry, which performed strongly during the review period. Key Topics Covered: 1 Key Facts and Events 2 Executive Summary 3 Introduction 4 Singaporean Insurance Industry Attractiveness 5 Reinsurance Growth Dynamics and Challenges 6 Key Industry Drivers 7 Competitive Landscape and Strategic Insights 8 Appendix Companies Mentioned - Munich Re - Swiss Re - Asia Capital Re - Allianz SE - Scor Global Life SE - IAG Re - Everest Re - Odyssey Re - Partner Re Se - Scor Re Asia-Pacific For more information visit http://www.researchandmarkets.com/research/7r...surance_in
Why Catastrophe Bonds Are A Positive Bet On Disaster
Steve Evans - Seeking Alpha - Fri Jan 30, 3:44PM CST
Catastrophe bonds, also known as cat bonds for short, are an example of capital market techniques being used to facilitate the transfer of risks from one party to another. In the same way that for hundreds of years insurance contracts have enabled a...
TPRE: 14.17 (+0.04), GLRE: 30.91 (-0.39)
Alternative Capital's Stickiness Signals 'Structurally Lower Returns'
Steve Evans - Seeking Alpha - Wed Jan 28, 7:34PM CST
The expected staying power of ILS, alternative and third-party reinsurance capital signals "structurally lower returns" for reinsurers, but should also eliminate some of the volatility and tail risk in the traditional market, according to...
TPRE: 14.17 (+0.04), GLRE: 30.91 (-0.39)
HSBC Announces Update On Its Tender Offer For Preferred Securities Issued By Swiss Re Capital I LP And Guaranteed By Swiss Reinsurance Company Ltd
PR Newswire - Tue Mar 31, 3:26PM CDT
HSBC Bank plc ("HSBC"
today announces the termination of its offer to purchase the outstanding 6.854% Perpetual Subordinated Step-Up Preferred Securities (liquidation preference $1,000 per Preferred Security) (Rule 144A CUSIP / ISIN / Common Code: 87089AAA6 / US87089AAA60 / 025409060; Regulation S CUSIP / ISIN / Common Code: G86303AA5 / USG86303AA52 / 025409086) (the "Preferred Securities" , issued by Swiss Re Capital I LP (the "Issuer" and guaranteed on a subordinated basis by Swiss Reinsurance Company Ltd ("Swiss Re" (the "Offer" . RCAP: 9.39 (-0.35)
Lloyd's Still Aiming To Harness Alternative Reinsurance Capital Trend
Steve Evans - Seeking Alpha - Fri Mar 27, 1:24PM CDT
The Lloyd's (NYSE: LYG ) of London insurance and reinsurance market remains "determined to harness" the alternative reinsurance capital trend, according to its latest annual report which shows that the market's return on capital dropped to...
TPRE: 14.17 (+0.04), LYG: 4.67 (-0.07), GLRE: 30.91 (-0.39)
MetLife Honored With Celent Model Insurer Award for Their Work With Ebix and Swiss Re
GlobeNewswire - Wed Mar 25, 6:30AM CDT
Ebix, Inc. (Nasdaq:EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, today announced that MetLife, a leading global provider of insurance, annuities and employee benefit programs, has won the Celent Model Insurer award presented at the recent Innovation & Insight Day ceremony, for its new end-to-end life insurance technology and solution architecture aimed at its US Direct channel. Ebix was the main technology supplier on the project, named Apollo, which was designed and implemented over a record period of 7-months.
EBIX: 29.23 (-0.14)
IPMI Premiums in Asia to Rise 15.4%
GlobeNewswire - Thu Mar 19, 12:04AM CDT
via PRWEB - In line with Pacific Prime's findings, international private medical insurance premiums are expected to rise as much as 15.4% per annum. The insurance experts attribute higher premium inflation rates seen in high-cost Asia today to "the growth in high net worth local citizens, the aging of local populations of high net worth locals, and growing or stable populations of expats".
HSBC Announces Tender Offer For Notes Issued By Swiss Re Capital I LP And Guaranteed By Swiss Reinsurance Company Ltd
PR Newswire - Wed Mar 18, 3:55PM CDT
HSBC Bank plc ("HSBC"
today announces that it is inviting holders of the outstanding 6.854% Perpetual Subordinated Step-Up Preferred Securities (liquidation preference $1,000 per Preferred Security) (Rule 144A CUSIP / ISIN / Common Code: 87089AAA6 / US87089AAA60 / 025409060; Regulation S CUSIP / ISIN / Common Code: G86303AA5 / USG86303AA52 / 025409086) (the "Preferred Securities" , issued by Swiss Re Capital I LP (the "Issuer" and guaranteed on a subordinated basis by Swiss Reinsurance Company Ltd ("Swiss Re" to offer to sell to HSBC for cash Preferred Securities at the price specified below (the "Offer" . RCAP: 9.39 (-0.35)
Longevity Reinsurance Becoming More Competitive: Hannover Re
Steve Evans - Seeking Alpha - Wed Mar 18, 8:53AM CDT
The global reinsurance market is becoming increasingly attracted to longevity risks, resulting in greater competition for every longevity reinsurance transaction and causing some of the largest reinsurers to adopt a conservative approach to the...
TPRE: 14.17 (+0.04), GLRE: 30.91 (-0.39)
Recent Buy: Munich Re - Probably Europe's Most Revered Dividend Aristocrat
Nigel Kelly - at Seeking Alpha - Tue Mar 17, 9:43AM CDT
BRK.B: 143.50 (-0.15), BRK.A: 215,211.00 (-311.80)
Allstate Not Ready To Use Alternative Capital Or ILS To Drive Growth
Steve Evans - at Seeking Alpha - Wed Mar 11, 11:07PM CDT
U.S. primary insurance company Allstate (NYSE: ALL ) has been actively exploring ways to use more third-party reinsurance capital within its business, but to-date, hasn't found a compelling way to leverage alternative reinsurance capital or ILS as...
TPRE: 14.17 (+0.04), ALL: 72.03 (+0.13), GLRE: 30.91 (-0.39)
Helinet Aviation Named Authorized Training Center by AgustaWestland for AW109 E and S Line of Helicopters
PR Newswire - Tue Mar 03, 7:45AM CST
Helinet Aviation, a diversified flight services company, announced today it has been named an Authorized Training Center by AgustaWestland for the manufacturer's AW109 E and S models. The certification recognizes Helinet's 28 years of experience training pilots across a broad range of helicopters including the company's recent expansion of its AW109 E and S fleet of six aircraft.
MobileIron being used by Swiss Re to allow BYOD
M2 - Fri Feb 13, 5:49AM CST
Global reinsurer Swiss Re said it is switching to a new bring-your-own-device (BYOD) scheme, away from Blackberry mobiles.
MOBL: 9.29 (+0.27)
Lancashire Grows Pre-Tax Profits Despite Reinsurance And Retro Pressure
Steve Evans - at Seeking Alpha - Fri Feb 13, 3:00AM CST
Specialty insurance and reinsurance company Lancashire Holdings ( OTCPK:LCSHF ) reported an increase in pre-tax profits this morning and growing contribution from third-party capital at Kinesis despite the "pressures" in reinsurance and...
TPRE: 14.17 (+0.04), GLRE: 30.91 (-0.39)
Swiss Re goes BYOD with MobileIron
PR Newswire - Thu Feb 12, 3:10PM CST
Global reinsurer Swiss Re is switching to a new bring-your-own-device scheme, away from Blackberry mobiles. Employees will have a choice between a corporate-owned Windows Phone or bringing in their own devices (BYOD). All employee and corporate devices will be managed via MobileIron's (NASDAQ: MOBL) enterprise mobility management (EMM) solution.
MOBL: 9.29 (+0.27)
Reinsurance in Spain, Key Trends and Opportunities to 2018
M2 - Thu Feb 12, 9:05AM CST
Research and Markets (http://www.researchandmarkets.com/research/3gt9r9/reinsurance_in) has announced the addition of the "Reinsurance in Spain, Key Trends and Opportunities to 2018" report to their offering. Despite the global financial and European debt crises, the Spanish reinsurance segment registered a review-period (2009-2013) compound annual growth rate (CAGR) of 6.3%. With gradual economic improvement and increasing public confidence in insurance products, the segment is expected to post a forecast-period (2013-2018) CAGR of 5.7%. The Insurance Compensation Consortium (CCS) provides cover for all natural disaster events through a compulsory surcharge based on sums insured, which set a very low requirement for insurers to seek natural disaster reinsurance, which includes unexpected natural and socio-political risks. Reinsurance rates in Spain fell in 2011 and 2012 due to the absence of natural disasters. Treaty reinsurance led the segment during the review period and accounted for a 51.7% share, while facultative reinsurance accounted for 48.3%. Key Topics Covered: 1 Key Facts and Top Events 2 Executive Summary 3 Introduction 4 Spanish Insurance Industry Attractiveness 5 Reinsurance Growth Dynamics and Challenges 6 Key Drivers 7 Competitive Landscape and Strategic Insights 8 Appendix Companies Mentioned - Mapfre Re - Nacional de Reaseguros SA - Swiss Re - ACE Tempest Reinsurance Ltd - General Reinsurance AG - Scor Re - RGA Re For more information visit http://www.researchandmarkets.com/research/3g...surance_in
Swiss Re CFO Reinsurance to Keynote AFP FP&A Leadership Summit in Amsterdam
PR Newswire - Wed Feb 11, 5:10AM CST
Gerhard Lohmann, Chief Financial Officer Reinsurance of Swiss Re, will provide the keynote address at the inaugural FP&A Leadership Summit on 19-20 May at the Sofitel Legend The Grand hotel in Amsterdam, the Association for Financial Professionals (AFP) announced today.
Our Guide To Investing Outside The U.S.
Robur Investment Resources - Seeking Alpha - Thu Feb 05, 6:32AM CST
Introduction As we have mentioned in a previous post , 2014 was a great year for US equities, with the major US indexes seeing double digit growth. Although some of these gains have been given up during January, our belief is that the US market is...
SAP: 73.18 (+0.20)
Swiss Re Corporate Solutions Names Ole Nyborg As Head of Claims EMEA
PR Newswire Europe - Thu Feb 05, 6:31AM CST
Swiss Re Corporate Solutions names Ole Nyborg as Head of Claims for Europe, Middle East and Africa (EMEA). Mr. Nyborg will be responsible, in this Managing Director role, for all regional claims matters. He will be based in the Swiss Re office in Copenhagen, Denmark.
Reinsurance in Singapore, Key Trends and Opportunities to 2018
M2 - Mon Feb 02, 11:38AM CST
Research and Markets (http://www.researchandmarkets.com/research/7r6kp5/reinsurance_in) has announced the addition of the "Reinsurance in Singapore, Key Trends and Opportunities to 2018" report to their offering. In terms of gross written premium, the Singaporean reinsurance segment grew at a compound annual growth rate (CAGR) of 8.9% during the review period (2009-2013), partially due to increasing risk awareness and expansion of the insurance industry, with insurers ceding a higher percentage of revenue to reinsurers. Growth was also supported by increased demand for reinsurance in key offshore markets following floods in Australia, China and Thailand, earthquakes in New Zealand and Japan, and a tsunami in Japan, all of which made insurers in the affected countries keen to cede a greater proportion of their premium to reinsurers based in Singapore to avoid significant losses through future natural disasters. Scope - It provides historical values for Singapore's reinsurance segment for the report's 2009-2013 review period, and projected figures for the 2013-2018 forecast period. - It offers a detailed analysis of the key categories in Singapore's reinsurance segment, along with market forecasts until 2018. - It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Singaporean its growth prospects. Key Highlights - In terms of gross written premium, the Singaporean reinsurance segment grew at a CAGR of 8.9% during the review period , partially due to increasing risk awareness and expansion of the insurance industry, with insurers ceding a higher percentage of revenue to reinsurers. - Singapore is rapidly becoming a regional hub for reinsurance, with reinsurers operating in the state generating significant proportions their revenues from overseas markets. - The Singaporean government offers incentives to reinsurers through its Offshore Insurance Business (OIB) scheme, the most widely used tax incentive in Singapore's insurance industry. - Offshore revenues were generated in the wake of significant losses from natural disasters during the review period, such as floods in Australia and Thailand, earthquakes in New Zealand and Japan, and a tsunami in Japan. - Over the forecast period, demand for reinsurance in Singapore is expected to increase due to the rapid development of the country's high-profit-margin insurance industry, which performed strongly during the review period. Key Topics Covered: 1 Key Facts and Events 2 Executive Summary 3 Introduction 4 Singaporean Insurance Industry Attractiveness 5 Reinsurance Growth Dynamics and Challenges 6 Key Industry Drivers 7 Competitive Landscape and Strategic Insights 8 Appendix Companies Mentioned - Munich Re - Swiss Re - Asia Capital Re - Allianz SE - Scor Global Life SE - IAG Re - Everest Re - Odyssey Re - Partner Re Se - Scor Re Asia-Pacific For more information visit http://www.researchandmarkets.com/research/7r...surance_in
Why Catastrophe Bonds Are A Positive Bet On Disaster
Steve Evans - Seeking Alpha - Fri Jan 30, 3:44PM CST
Catastrophe bonds, also known as cat bonds for short, are an example of capital market techniques being used to facilitate the transfer of risks from one party to another. In the same way that for hundreds of years insurance contracts have enabled a...
TPRE: 14.17 (+0.04), GLRE: 30.91 (-0.39)
Alternative Capital's Stickiness Signals 'Structurally Lower Returns'
Steve Evans - Seeking Alpha - Wed Jan 28, 7:34PM CST
The expected staying power of ILS, alternative and third-party reinsurance capital signals "structurally lower returns" for reinsurers, but should also eliminate some of the volatility and tail risk in the traditional market, according to...
TPRE: 14.17 (+0.04), GLRE: 30.91 (-0.39)
