International & Reinsurance News

EU Agrees New Push to Repair, Not Replace, Defective Consumer Goods

Consumers will be given greater rights to have goods such as washing machines and smartphones repaired under new rules agreed by the European Union and aimed at reducing waste from defective or broken products simply being dumped and replaced. Along …

Europe’s Toughest ESG Rule Hits Wall of German Objections

The European Union’s most stringent ESG rule to date may be scuppered due to eleventh-hour German opposition to the plan. The EU was on track to move forward with the Corporate Sustainability Due Diligence Directive after December, when lawmakers and …

Tobacco Giants’ Patent Settlement Clears Path for Smokeless Products

Tobacco giants Philip Morris International Inc. and British American Tobacco Plc settled a series of patent suits that clears a path for both firms to bring their cigarette alternative products to US and European markets. The accord ends legal challenges …

Norway’s Most Powerful Storm in Over 30 Years Rips Roofs Off Houses, Cuts Power

Norway’s most powerful storm in more than three decades ripped off roofs, heightened avalanche risks, canceled flights and cut power as it raged in parts of the Scandinavian country Thursday. Hurricane-force winds brought gusts of up to 180 kilometers (112 …

French Farmers Head Home but Anger Spreads Elsewhere in Europe

Protesting farmers demanding just prices and less red tape blocked the border between Belgium and the Netherlands on Friday, whilst their peers in France started lifting blockades countrywide after the government made further concessions. Farmers’ protests have erupted in numerous …

France Now Backing EU AI Rules Ahead of Bloc Endorsement

France is now backing landmark European Union rules governing artificial intelligence subject to strict conditions, an EU diplomatic source said on Friday, after sources had previously said it was the last holdout in the bloc to support the plan. Such …

Jensten Acquires UK Community Broker Melville Burbage

Jensten, the London-based independent insurance broking group, announced it has acquired independent community broker Melville Burbage. The deal, which is subject to regulatory approval, brings a dedicated team of 15 to Jensten, along with two additional offices and will contribute …

Markets/Coverages: Descartes Launches 1st Parametric Cyber Shutdown Cover in France

Descartes Insurance, the risk-carrying insurer formed in 2022 by climate-risk managing general agent Descartes Underwriting, has launched the first parametric cyber insurance for corporate clients in France. Described as the first insurance of its kind offered anywhere in the world, …

Farmer Protests Disrupt Belgian Supermarkets’ Supply Chain

Protesting farmers have blocked the distribution centers of Colruyt, one of Belgium’s biggest supermarket chains, a spokesperson confirmed, while local media reported that distribution centers of discount supermarket chain Lidl were also targeted. The blockades have led to disruptions in …

People Moves: Probitas Names Botnick to Launch Canada Service Company; Liberty Promotes Boyle to Head of Energy, London; Hart Joins CFC as Head of Proactive Cyber

This edition of International People Moves details appointments at Probitas, Liberty Specialty Markets, and CFC. A summary of these new hires follows here. Probitas Appoints Botnick to Launch Canadian Service Company Probitas, the Lloyd’s insurer, announced appointment of Robbin Botnick …

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