PETALUMA, Calif., Oct. 14, 2020 /PRNewswire/ — Tangram Insurance Services, Inc. (“Tangram”), a Managing General Agency, and Markel Corporation on behalf of its affiliated insurance companies  (“Markel”) today announces the launch of a program to provide excess liability above Tangram’s current program in propane and fuel distribution niche.

Tangram’s program provides comprehensive insurance solutions for dealers and distributors of fuel oil, propane, diesel and gasoline. The additional excess liability capacity that Markel provides will make Tangram a one stop shop for this niche. With the additional capacity, Tangram’s program now has the ability to provide General Liability, Property, Commercial Auto, Workers’ Compensation, Environmental Liability and Excess Liability cover up to $15 million.

“Our downstream energy program is our fastest growing niche.  Tangram’s focus for the past 5 years has been to provide our specialty brokers with meaningful coverage and services from a single source.  With the addition of Markel’s capacity, commitment and experience in the energy space, our brokers and customers have an even more compelling reason to partner with us for the long term,” said Rekha Skantharaja, Tangram’s President & CEO.

Tracy Bernard, Tangram’s Head of Program Development noted, “We are excited to partner with an industry powerhouse like Markel to provide excess liability to this niche. By providing this additional capacity we continue to demonstrate our commitment to the Fuel Distribution industry, providing a full suite of coverages for our broker partners and insureds operating in these challenging times.”

“Tangram provides an excellent underwriting platform for risk analysis, and they have a long history in this insurance space. We’re looking forward to building a solid partnership with Tangram in this line of business and sharing in mutual success and profitability,” said Tim Pasik, Managing Director, US Excess Casualty at Markel.

About Tangram Insurance Services,

KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) announced today that it plans to release its financial results for the third quarter 2020 on Monday, October 26, 2020, after the closing of trading on the New York Stock Exchange.

A conference call to discuss KREF’s financial results will be held on Tuesday, October 27, 2020 at 10:00 a.m. ET. The conference call may be accessed by dialing (844) 784-1730 (U.S. callers) or +1 (412) 380-7410 (non-U.S. callers); a pass code is not required. Additionally, the conference call will be broadcast live over the Internet and may be accessed through the Investor Relations section of KREF’s website at http://www.kkrreit.com/investor-relations/events-and-presentations. A slide presentation containing supplemental information may also be accessed through this website in advance of the call.

A replay of the live broadcast will be available on KREF’s website or by dialing (877) 344-7529 (U.S. callers) or +1 (412) 317-0088 (non-U.S. callers), pass code 10148123, beginning approximately two hours after the broadcast.

About KKR Real Estate Finance Trust Inc.

KREF is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate properties. KREF is externally managed and advised by an affiliate of KKR & Co. Inc. For additional information about KREF, please visit its website at www.kkrreit.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201012005490/en/

Contacts

MEDIA:
Kristi Huller or Cara Major
(212) 750-8300
media@kkr.com

INVESTOR RELATIONS:
Michael Shapiro
(646) 901-5920
michael.shapiro@kkr.com

Source Article

FILE PHOTO: Britain’s Chancellor of the Exchequer, Rishi Sunak, leaves a television studio in London, Britain, October 6, 2020. REUTERS/Toby Melville

(Reuters) – British Finance Minister Rishi Sunak will announce a local furlough scheme on Friday in which the government will subsidise two thirds of the wages of workers in pubs, restaurants and other businesses that are forced to close to stop the spread of the coronavirus, The Times newspaper reported bit.ly/33FH8yg.

“Employers will be able to access the scheme for as long as pubs, restaurants and other businesses are closed,” the newspaper’s deputy political editor, Steven Swinford, said on Twitter.

The Times quoted an unidentified minister as saying there was frustration in government at the failure of the Treasury to bring forward the measures sooner.

The Daily Mail newspaper reported earlier that Sunak was putting together a new support package for jobs in a furlough-style bailout for coronavirus hotspots plunged into local lockdowns next week.

Britain has already suffered the highest death toll in Europe and the worst economic contraction of any leading nation from the coronavirus outbreak.

Its parliament will vote on Tuesday on the imposition of a 10 p.m. closing time for English pubs, bars and restaurants, a measure the government says is necessary to tackle COVID-19, but which the hospitality industry says is destroying businesses.

More restrictions are being considered for parts of northern England, Communities Secretary Robert Jenrick said on Thursday.

Local media reported on Wednesday that Prime Minister Boris Johnson will soon launch a simplified three-tier local lockdown code.

Areas in Tier 1 will continue with the current social distancing measures while areas in Tier 2 will have a ban on households mixing. The worst-affected areas in Tier 3 will have to close hospitality.

Reporting by Kanishka Singh in Bengaluru; editing by Chris Reese

Adds COVID-19 background, remarks from minister cited by The Times

Oct 9 (Reuters)British Finance Minister Rishi Sunak will announce a local furlough scheme on Friday in which the government will subsidise two thirds of the wages of workers in pubs, restaurants and other businesses that are forced to close to stop the spread of the coronavirus, The Times newspaper reported.

“Employers will be able to access the scheme for as long as pubs, restaurants and other businesses are closed,” the newspaper’s deputy political editor, Steven Swinford, said on Twitter.

The Times quoted an unidentified minister as saying there was frustration in government at the failure of the Treasury to bring forward the measures sooner.

The Daily Mail newspaper reported earlier that Sunak was putting together a new support package for jobs in a furlough-style bailout for coronavirus hotspots plunged into local lockdowns next week.

Britain has already suffered the highest death toll in Europe and the worst economic contraction of any leading nation from the coronavirus outbreak.

Its parliament will vote on Tuesday on the imposition of a 10 p.m. closing time for English pubs, bars and restaurants, a measure the government says is necessary to tackle COVID-19, but which the hospitality industry says is destroying businesses.

More restrictions are being considered for parts of northern England, Communities Secretary Robert Jenrick said on Thursday.

Local media reported on Wednesday that Prime Minister Boris Johnson will soon launch a simplified three-tier local lockdown code.

Areas in Tier 1 will continue with the current social distancing measures while areas in Tier 2 will have a ban on households mixing. The worst-affected areas in Tier 3 will have to close hospitality.

(Reporting by Kanishka Singh in Bengaluru; editing by Chris Reese and Richard Pullin)

((Kanishka.Singh@thomsonreuters.com; +91 8061822801;))

The views

By Tanisha Heiberg

JOHANNESBURG, Oct 8 (Reuters)South African power utility Eskom is still seeking funding for its shift from coal to greener fuels, but hopes to announce a deal at next year’s COP26 climate conference after talks with lenders including the World Bank, its chief executive said on Thursday.

Eskom, which generates 90% of South Africa’s power, has a 488 billion rand ($29.3 billion) debt burden and has imposed intermittent blackouts, denting economic growth and hurting investment.

The utility is in talks over funding with local and international developmental finance institutions, including the World Bank, and has received letters of support in principle, Andre de Ruyter told Reuters on the sidelines of the Joburg Indaba mining conference.

“There are both many local and international development finance institutions that are prepared to offer entities such as Eskom with funding linked to accelerated decarbonisation,” said de Ruyter.

Eskom is still engaging on how those transactions would be structured, but hopes to make an announcement at the COP26 climate summit to be held in Glasgow in November 2021, he said.

Eskom is modelling options to repurpose its aging power stations into renewable or gas power plants and use vacant mining land for wind or solar farms, said De Ruyter.

Up to 12,000 megawatts (MW) of Eskom’s installed capacity will need to be decommissioned in the next decade, according to South Africa’s energy plan.

“We would be able to reduce the interest burden while also contributing to an improved emission profile and ultimately also creating jobs as we erect these renewable plants,” said De Ruyter.

“If we simply pull the plug on the old coal-fired power stations that have reached the end of their design life… then we will leave those communities in the lurch and that is not what we