International & Reinsurance News for September 2024
- EU Privacy Regulator Fines Meta €91M Over Password Storage in GDPR Violation
- Tata iPhone Component Plant in India Halts Production Indefinitely After Fire
- Acquisition of UK’s Specialist Risk Group Completed by Warburg Pincus and Temasek
- Climate Change, Extreme Weather Bring Challenges to Chablis Wine Country in France
- Real Estate MGA Ventis Launches in Ireland
- Powerful Typhoon Krathon Forecast to Hit Taiwan’s Populated West Coast
- Cloudflare Denies Hosting Sites Linked to Data Leak at India’s Star Health
- Zombie Tanker Turns Up at Northern Chinese Port Laden With Oil
- People Moves: AXA XL Promotes Flanagan to Lead P&C Bermuda; Intangic Names Cryer as Dir. of Client Solutions; Dale Names Daniel Head of Global Property Reinsurance
- The Fidelis Partnership Launches MGA Seraphina, Led by Sanders From Probitas 1492
- Canada’s Axis Insurance Acquires P/C Broker Baker Insurance
- Markets/Coverages: Guernsey Insurer Paratus to Offer Renewable Power Insurance
- Ukraine Says Russian Strike on Danube Port Town Kills Three
- Ardonagh Marks Crucial Step Toward Completing A$2.3B Acquisition of Australia’s PSC
- Britain Targets Russian LNG Sector With Fresh Shipping Sanctions
- Acrisure Launches Bermuda Operation, Led by Industry Veteran Scope
- Shell, Equinor, TotalEnergies Open CO2 Storage Facility in Norway
- Ecuador Fires Threaten Wealthy Areas, Force President to Return Home
- Markets/Coverages: Markel Expands Specialist Tech Insurance Offering in UK
- A $9.5 Trillion Investor Group Unveils Milestone Emissions Cuts
- India Insurer Star Health Sues Telegram After Hacker Uses App’s Chatbots to Leak Data
- People Moves: Price Forbes Re Taps Howden’s Waterhouse as Head of Property Fac; AXA XL Appoints Underwriters and Claims Adjusters for UK Cyber Team
- Canada’s Axis Insurance Acquires Employee Benefits Specialist O’Neill Group
- Markets/Coverages: Sompo Launches Marine Insurance Proposition for UK Market
- WTW Launches China Client Division With Yan Appointed as Division Leader
- Central European Insurers’ Financial Strength to Remain Solid Despite Severe Floods
- Vanguard Investments Fined for Greenwashing as Australia Eyes ESG Claims
- Probe Into EY India’s Office After Worker’s Death Finds it Lacked Labor Welfare Permit
- Climate Change Made Europe’s Deadly Floods Worse and More Likely
- Extreme Canada Weather Causes Record $5.7 Billion Insured Damage
- Hurricane John Makes Landfall in Mexico as Major Category 3 Storm
- Flood Damage on Key Austrian Rail Link to Take Months to Repair
- British Water Companies Fight $2 Billion Lawsuits Over Sewage Pollution
- Canada’s Insurance Czar Has ‘Harsh’ Message About Climate: You May Have to Move
- People Moves: BHSI Launches in Italy, Names Country Leader, Key Team Members; QBE Iberia Names Díaz-Guardamino as Managing Director
- MGU Fidelis Partnership Completes $2B Refinancing to Support Growth Strategy
- Thousands of Fires Are Burning in the Drought-Wracked Amazon
- Environmental Activist ClientEarth Sues Germany Over Pesticides Use
- Methane Emissions Still Rising After Pledges to Curb Pollution
- A Mercedes-Benz Fire May Cloud South Korea’s EV Transition
- Russia’s Oil Tanker Firm Sovcomflot Says G-7 Sanctions Make Oil Trade Less Safe
- People Moves: HDI Global Taps SCOR’s Ahn as HK Branch CEO; Amwins Global Risks Promotes Abraham as CEO, Succeeding Mathis, Who Returns to US
- Wefox Appoints Former Allianz Executive Mueller as CEO to End Shareholder Fight
- Extreme Weather Adds to Fiscal Strains in Central Europe
- Exploding Pagers Sound Global Alarm on Supply-Chain Security
- Sir Charles Roxburgh Named Next Chair of Lloyd’s, Succeeding Carnegie-Brown
- Lockton Gets Regulatory Approval to Operate Reinsurance Brokerage in Colombia
- People Moves: Vantage Promotes Granda to Head of Political Risk and Credit; Miller Taps Rance From Price Forbes Re to Lead Reinsurance Strategy and Innovation
- Markets/Coverages: Mosaic Offers Syndicated Terrorism Cover for Fine Art & Specie
- Japan’s Icom Investigates Radio Devices Carrying its Logo After Lebanon Blasts
- Exploding Pagers in Lebanon Spur Theories on Sabotage Method
- Firefighters Face Blazes Across Northern Portugal for Fourth Day
- Japan’s Non-Life Insurers Must Cut Cross-Shareholdings to Zero, Industry Group Says
- Historic Rainfall Inflicts Chaotic Floods Across Four Continents
- Awbury Syndicate 2025 Gets ‘In Principle’ Nod From Lloyd’s for Launch in January
- Generali Agrees to Sell 99.99% Stake in Turkish Unit
- Russian Insurers Play Growing Role in Facilitating Oil Exports to Top Buyer India
- Central Europe Flood Deaths Rise as Citizens Race to Build Defenses
- Canada Relaxes Some Mortgage Insurance Rules to Tackle Housing Crisis
- Update: Africa Floods Displace Millions, Prompt Warnings of Disease, Dam Bursts
- Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk
- Viewpoint: How Insurance Industry Can Use AI Safely and Ethically
- People Moves: AXIS Names Chubb’s Mitchell as Head of Global Markets, Succeeding Gregory; Marsh McLennan Names De Bremme as CEO of Belgium & Luxembourg
- Russia’s RusChemAlliance Sues 5 European Banks Over Aborted Gas Project
- Howden Buys Foresight in Japan, Names Gallagher’s Aibe as CEO of Japan Retail Unit
- Brazil Confirms Potential $18B Deal With Miners Involved in Deadly Dam Disaster
- PwC Probe Spotlight Shifts to Hong Kong After Record China Fine
- Private Equity’s Insurance Bets Raise Risks, BIS Researchers Say
- Taiwan Regulator Rejects CTBC Takeover Attempt of Shin Kong
- Flooding in Central Europe Could Cause Billions in Economic Losses, Analysts Say
- Reinsurance Outlook to ‘Neutral’; US to Push for Double-Digit Casualty Increases
- People Moves: Lillelund Named CEO of AGCS; Ardonagh Names Allianz’s Mitchell for Growth in Asia; Carbon Taps Asta’s Gallagher as Head of Syndicate Mgmt.
- Musk Calls Australian Government ‘Fascists’ Over Misinformation Law
- UK to Classify Data Centers as ‘Critical National Infrastructure’
- EU Navy Starts Towing Stricken Red Sea Oil Tanker Hit by Houthis
- Shanghai Slammed by Strongest Typhoon to Hit City Since 1949
- Update: Flood Death Toll Rises as Europe Counts Cost of Storm Boris
- Swiss Insurer Baloise Eyes Changes in Board of Directors, Chairman Says
- Burning Houthi-Hit Oil Tanker Set for Fresh Rescue Effort
- PwC’s China Unit Suspended for 6 Months, Hit With Record Fine for Evergrande Audit
- Tokio Marine Kiln Launches Specialty Reinsurance Division
- UK Retailer Tesco Loses Legal Battle Over ‘Fire and Rehire’ of Staff
- A Continent Ablaze: South America Surpasses Record for Fires
- As Storm Bebinca Approaches, Taiwan Uses AI to Predict Typhoon Paths
- Top EU Privacy Regulator Opens Probe Into Google’s AI Compliance
- Lloyd’s of London Plans to Overhaul ‘Unclear’ Rules on Dealing With Poor Conduct
- Canada’s Wildfire Season Ranks Among Worst but Less Severe Than Feared
- China Braces for Another Typhoon After Yagi Slammed South Coast
- Thailand Raises Flood Warnings as Deaths Rise After Typhoon Yagi
- Swiss Insurer Baloise Targets Higher Returns for Shareholders After Cevian Move
- Taishin Raises Offer for Shin Kong in What Could Be Taiwan’s Biggest Financial Deal
- US Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report
- Russia Loses EU Case Aimed at Unblocking Sanctioned €70 Billion
- Treaty Reinsurance Premiums in London Company Market Grew by 32% in 2023: IUA
- Built-Up Cities Get More Rain Than Rural Outskirts, Study Finds
- Factories in Vietnam’s Export Hubs May Face Weeks of Disruption After Typhoon Yagi
- DBS Group Considers Forming Insurance Partnerships in India, Taiwan: Sources
- Finland’s Sampo Secures Deal for Danish Insurer Topdanmark
- New Portuguese Government to Keep Ban on Chinese 5G Equipment
- VW Scraps Three-Decades-Old German Jobs Pledge to Cut Costs
- EU’s Vestager Triumphs in Crackdown on Apple’s Tax Deal, Google’s Practices
- People Moves: Melvin Names CEO of BMS Re US; Rawal Joins AXA XL as CUO Middle Market, Canada; QBE Canada Hires Fenn as Multinational Underwriting Manager
- Viewpoint: CrowdStrike Failure Highlights Potential Aggregation Risks for Reinsurers
- An ESG Backlash Erupts in Europe on World’s Strictest Rules
- Markets/Coverages: PURE Heads to Canada to Cover HNW Homes
- Summer 2024 Was World’s Hottest on Record: EU Climate Change Monitor
- Typhoon Yagi Kills 14 in Vietnam as Officials Warn of Heavy Rain, Flooding
- People Moves: BMS Re Names Mirabal Latin American and Caribbean CEO; Zurich Asia Pacific Hires Heads of Financial, Casualty Lines
- Viewpoint: Reinsurers Reach Peak Performance as Market Stabilizes; M&A on Hold
- Coalition Starts Reinsurance Intermediary Coalition Re Led by Aspen Capacity
- Google Abusing Power Over Website Ads, UK Regulator Says
- Brokerage Giants Aon, Marsh Unite In Call for Industry Aid to Ukraine
- ‘Sustainable’ Logging Operations Are Clear-Cutting Canada’s Climate-Fighting Forests
- London’s ExCel Centre Wins Insurance Appeal Over COVID-19 Losses
- Fitch Ratings Shifts Global Re Outlook to Neutral; Pricing Past Peak
- Germany Cracks Down on China Green Fraud in Deepening Scandal
- Ex-CFO Says Royal Bank of Canada Manufactured Workplace-Romance Case
- Hard Market ‘Supercycle’ Likely to Be Prolonged: Lloyd’s CEO Neal
- Claims From 4 Summer Weather Events in Canada Exceed Prior Year Total: IBC
- BMW Recalling Mini Cooper SE Electric Models
- Lloyd’s Reports Best H1 Underwriting Profit Since 2007, With 83.7 Combined Ratio
- Clearview AI Fined by Dutch Agency for Facial Recognition Database
- People Moves: Brit Names Guy Carpenter’s Stephenson to Lead Bermuda Expansion; HDI Global Taps Geis From Allianz as Managing Director for Germany
- Climate Losses Batter Insurers While Reinsurers Step Back
- Who Is to Blame for Deadly 2017 Grenfell Tower Fire?
- UK Grenfell Tower Fire Inquiry Blames All Deaths on Incompetence and Greed
- Ex-VW CEO Denies Criminal Charges Over Diesel Emissions Scandal
- Reinsurers’ Appetite for Natural Catastrophe Risks Grows – But Discipline Remains
- People Moves: Acrisure Re Makes Leadership Changes in London; Dale Enters Int’l Professional Indemnity Market, Led by Barnes From Westfield
- Norway Seeks to End Climate Injunction Against 3 Oilfields
- UK’s Specialist Risk Group Acquires Motor Fleet MGA Capulus
- Clear Group Acquires UK MGA Accelerate Underwriting
- Risks Too Big for Insurers Just Fed a $200 Billion Market Boom in Captives
- Aviva Says India Unit ‘Engaging’ With Authorities Over Tax Investigation
- Polish Insurer PZU Needs Strategy for Ownership of Stakes in 2 Banks, Minister Says
- People Moves: AXIS Names White as Head of Aviation, Succeeding Wood; Lockton Re Names Lynn for New Agriculture Practice, Ferrier for US West Coast Build-Out
- Global Non-Life Reinsurer’s Profits to Peak in 2024: Fitch Ratings
- Ryan Specialty Agrees to Buy Certain Assets of Ardonagh’s Geo Underwriting Europe
- Ryan Specialty to Acquire P/C MGUs From Ascot’s Ethos Specialty
- HP to Continue $4 Billion Damages Case Against Mike Lynch
- Canada’s 10 Worst Natural Disasters Totaled C$30 Billion in Annual Insured Losses
- Canada’s Insurance Sector Faces Deluge of Climate-Related Catastrophe Claims
International & Reinsurance News Archives