Rousseau to Replace Kessler as CEO of SCOR, in Change to Succession Plan

Benz Seo

Denis Kessler, SCOR’s chairman and chief executive officer, has decided to step down, for personal reasons, from his role as CEO at the end of his current term of office, which will expire at the reinsurer’s general meeting on June 30, 2021. He will stay with the company as chairman.

The board of directors of Paris-based SCOR previously decided to separate the roles of chairman of the board and CEO but now this will happen one year earlier than originally planned.

Laurent Rousseau

Succeeding Kessler as CEO will be Laurent Rousseau, deputy CEO of SCOR Global P&C, chairman

Read More

Startup Weekend Micronesia produces sustainability-focused business ideas | Guam Business

Benz Seo

Three sustainability-focused business plans came out of the Startup Weekend Micronesia event. The online event was hosted from April 31 to May 2 by the University of Guam Entrepreneur Society student organization, UOG’s Center for Entrepreneurship and Innovation, and the Pacific Islands Small Business Development Center Network, according to a release from UOG.

With the assistance of Northern Marianas College, the College of Micronesia-FSM, and SBDC centers throughout Micronesia, the weekendlong event engaged 31 participants on eight islands throughout Micronesia with the dream of starting their own businesses.

Participants pitched their business ideas with a focus on sustainability. The participants

Read More

‘Wage theft’ rampant in Stamford construction business, carpenters’ union claims

Benz Seo

STAMFORD — Members of the state carpenter’s union, carrying banners and passing out flyers to passersby, Monday urged legislators and Stamford officials to “stop wage theft,” to “stand up to tax fraud” and to take a closer look at the city’s booming construction economy.

A dozen members of the United Brotherhood of Carpenters and Joiners rallied in front of the Stamford Government Center — in company with a giant inflatable pig and a fat cat holding a worker in a neck grip — to publicize what they said were deliberate ploys of some contractors to underpay their taxes by misclassifying … Read More

Galaxy Digital Announces First Quarter 2021 Financial Results

Benz Seo

Net comprehensive income1 grew to $860 million
Assets Under Management (“AUM”)2 increased 58{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34}
Counterparty loan originations grew over 510{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34}
Erin Brown joins Executive Team as Chief Operating Officer
Galaxy Digital has agreed to acquire BitGo

NEW YORK, May 17, 2021 /CNW/ – Galaxy Digital Holdings Ltd. (TSX: GLXY) (“Galaxy Digital” the “Company” or “GDH Ltd.”) today released financial results for the three months ended March 31, 2021 for both itself and Galaxy Digital Holdings LP (the “Partnership” or “GDH LP”).

Galaxy Digital Holdings Ltd. Logo (CNW Group/Galaxy Digital Holdings Ltd.)

“Galaxy Digital reported another consecutive record quarter,

Read More

Insurance regulatory news, May 2021 | Hogan Lovells

Benz Seo


PRA supervision of annuity providers: BoE speech

The Bank of England (BoE) has published a speech (and accompanying appendix), given by Charlotte Gerken, Prudential Regulation Authority (PRA) Executive Director, Insurance Supervision, on developments in the PRA’s supervision of annuity providers. Ms Gerken focuses on three areas of the PRA’s supervisory risk analysis. In her speech, she:

  • takes stock of market developments since 2019, including the continued growth in the bulk annuity market;
  • discusses the implications of those developments for the PRA’s supervision of the matching adjustment (MA), putting it in context, setting out the rationale behind it, and
Read More

Financial institutions are showing resilience and will be central to the recovery

Benz Seo

A year ago, more than 120 countries were in the midst of full or partial lockdowns, hoping to limit the spread of COVID-19. Since then, the seesaw between easing and tightening restrictions on mobility and economic activity has become all too familiar as the world seeks to balance the health toll and economic impacts of the crisis. Today, vaccinations are finally being rolled out across many countries, but the tragic record numbers of infections registered in India and other emerging markets in recent weeks remind us that the virus is far from defeated.  

While this crisis did not originate in

Read More