International & Reinsurance News

Novae Expands Cyber Team with Appointment of Quick from IBM

Novae Group plc, the specialist listed Lloyd’s insurer, announced that Stuart Quick has joined its cyber team as breach response and cyber operations manager, reporting to Dan Trueman, head of cyber and chief innovation officer. Quick was previously a managing …

Volvo Tests Autonomous Garbage Truck for Use in Cities

Volvo Group is working with Swedish waste and recycling specialist Renova to develop an autonomous garbage collection truck for use in urban areas. The project explores how automation can contribute “to enhanced traffic safety, improved working conditions and lower environmental …

Re/Insurers, Other Global Businesses Have Stake in New WHO Leader

The World Health Organization’s 194 member-states will vote for a new director-general next week, choosing a doctor to lead the planet’s top technical agency on all matters health. With a $4 billion annual budget, WHO’s influence extends to virtually all …

XL Catlin Names AIG’s Estrada, Zurich’s Hughes to Canada Environment Team

XL Catlin has added two new members to its Canadian environmental insurance team: Marc Estrada as environmental team lead and Brian Hughes as assistant vice president, environmental underwriting. Estrada and Hughes are based in Toronto and report to Joseph Madigan, …

Canada’s Rogers Insurance Partners with Megson FitzPatrick

Rogers Insurance Ltd. announced it has partnered with Victoria, British Columbia-based Megson FitzPatrick Inc., beginning with the purchase of a minority stake in Megson FitzPatrick. The financial details of the purchase were not disclosed. “This partnership strengthens both organizations tremendously. …

PERILS Releases European Windstorm Catalogue (1979-2015)

PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has released a storm catalogue containing the gust footprints of more than 200 of the largest European windstorms from the period 1979 to 2015. The windstorm catalogue was produced …

Zurich Insurance Deploys Robots for Personal Injury Claims Handling

Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after trials cut the processing time from an hour to just seconds, its chairman said. “We recently introduced AI claims handling … and saved 40,000 work hours, while speeding …

European Cyber Police Hunt for Culprits of Global Ransomware Attack

Days after the global cyber attack, U.K. police are trying to figure out whether it was an established network of criminals, state-backed hackers or bored teenagers that crippled the country’s health service. The malware campaign affected more than 200,000 computers …

Markel to Set Up Munich-Based Subsidiary in Preparation for Brexit

Markel Corp. announced it plans to apply for regulatory approval to establish an insurance company in Germany to ensure that whatever the outcome of the Brexit negotiations it will be able to meet the insurance needs of clients in the …

Global Insurers Face High Compliance Costs with New Accounting Rules

Insurers in over 100 countries face a “once in a lifetime” accounting change from January 2021 with the introduction of a uniform international book-keeping standard, details of which will be published on Thursday. Twenty years in the works, the new …

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