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DelphX Appoints Reinsurance Veteran Steven Mannik To Its Board Of Directors
DelphX Appoints Reinsurance Veteran Steven Mannik To Its Board Of Directors Canada...
About this update from Delphx Capital Markets, Inc.
[{"type":"text","content":"\n\n\n\nDelphX Appoints Reinsurance Veteran Steven Mannik To Its Board Of Directors\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nNEW YORK, Aug. 28, 2018\n\n\n\nAppointment further deepens the actuarial and risk-management expertise of DelphX leadership\n\n\n\nNEW YORK, Aug. 28, 2018 /CNW/ -- DelphX Capital Markets Inc. (DELX.V) (\"DelphX\") announced today that it has appointed Steven Mannik as an independent member of its Board of Directors.  Subject to approval by the TSX Venture Exchange, Mr. Mannik will serve as a non-officer director and member of the company's Independent Audit Committee. \n\n\n \n \n\n \nMr. Mannik is a Fellow of the Society of Actuaries and the Canadian Institute of Actuaries, and served for many years as President and CEO of General Re Life Corporation, an affiliate of Berkshire Hathaway, where he was a key member of the group's Decision Analytics (Big Data / Predictive Modelling) initiative. Prior to joining Gen Re, Mr. Mannik served as Executive Vice President and General Manager of Manulife Reinsurance with responsibility for all aspects of Manulife's reinsurance business worldwide.\n\n\"I am delighted to welcome Steve to our Board,\" said Larry Fondren, DelphX's Founder and CEO. \"His extensive leadership experience in global risk management and modelling will be of immeasurable value to DelphX and holders of our risk-diffusing Quantem Securities.\" \n\nAbout DelphX: \n\nDelphX is a technology company focused on optimizing fixed income markets around the world by transforming the way credit capital is secured. It is developing a blockchain-powered solution employing proprietary distributed ledger technology and actuarial science to facilitate broad diffusion of credit default risks. The new DelphX alternative trading system (\"ATS\") facility will be regulated by the SEC and operated by DelphX Services Corporation, a FINRA member firm, to facilitate the negotiation, purchase and trading of two new forms of Smart Securities: \n\n\nCovered Put Options (CPOs) that provide secured default protection for underlying...