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U.K. Travel Insurer Saga Secures Flights for Clients Hit by Collapse of Thomas Cook
Saga Plc said on Monday it was securing alternative flights, where possible, for customers who are due to travel imminently and have been impacted by the collapse of Thomas Cook. The over-50s tourism and insurance firm said in an email …

POSTED SEPTEMBER 23, 2019 10:52 AM
Swiss Re Corporate Solutions Appoints Semprini from HDI Global as Head Italy
Swiss Re Corporate Solutions has appointed Francesco Semprini as head Italy, effective Nov. 1, 2019. Based in Milan, Semprini will be responsible for managing the strategy, development and performance of Swiss Re Corporate Solutions’ business in Italy. Semprini has more …

POSTED SEPTEMBER 23, 2019 8:34 AM
Dangers of Booming Securitized Loan Market Highlighted by Bank for Int’l Settlements
Lending standards in the rapidly growing loan market are deteriorating and complex financial products that mask risks to banks have parallels with the run-up to the 2008 financial crisis, the Bank for International Settlements warned on Sunday. The number of …

POSTED SEPTEMBER 23, 2019 8:12 AM
Bellomi to Replace Semprini Who Will Step Down as HDI Global’s Head of Italy Branch
HDI Global SE announced that Francesco Semprini, the long serving managing director of its Italy branch is leaving the company on Oct. 31 to become Swiss Re Corporate Solutions’ head Italy. He will be succeeded by Alberto Bellomi who will …

POSTED SEPTEMBER 23, 2019 7:36 AM
Typhoon Tapah Disrupts Flights in Japan and South Korea
Hundreds of domestic flights in Japan were canceled because of Typhoon Tapah, and the storm caused similar disruptions in South Korea as it moved to make landfall later Sunday. Airlines operating in Japan called off more than 420 domestic flights …

POSTED SEPTEMBER 23, 2019 7:08 AM
Brazil Police Accuse Mining Firm Vale, Auditor of Fraud Related to Deadly Dam Collapse
Brazilian federal police proposed criminal charges against Vale SA, auditor TÜV SÜD and 13 of their employees, alleging fraud in relation to a deadly dam collapse in January, according to a document seen by Reuters on Friday. Federal police accused …

POSTED SEPTEMBER 23, 2019 6:52 AM
Good Leaders Challenge the Status Quo—and Themselves: SCOR’s Conoscente
Jean-Paul Conoscente became the CEO of SCOR Global P&C in April 2019 when his predecessor, Victor Peignet, retired after 35 years with the company. Before Peignet left the company, he offered Conoscente a sage piece of advice about taking a …

POSTED SEPTEMBER 23, 2019 6:35 AM
Staying Profitable in an Increasingly Fragmented World: SCOR Global P&C CEO
There are several things that keep SCOR’s Jean-Paul Conoscente awake at night. Climate change is one of them; cyber risk is another. Only time will tell whether these risks are actually insurable, cautions Conoscente, who became the CEO of SCOR …

POSTED SEPTEMBER 23, 2019 6:30 AM
Commercial Lines Insurtech Bold Penguin Raises $32 Million in Latest Round
Bold Penguin, a Columbus Ohio commercial insurance technology provider, said it has completed a $32 million Series B funding round, bringing the total capital it has raised to more than $50 million since it started in 2016. The participation included …

POSTED SEPTEMBER 23, 2019 5:00 AM
Music Copyright Law in Search of New Standard for Infringement
Willie Nelson has famously said a country song is “three chords and the truth.” It might not be so simple anymore. A flood of lawsuits is threatening to upend that concept, making trivial similarities in songs the basis for a …

POSTED SEPTEMBER 23, 2019 5:00 AM

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