International & Reinsurance News

Top European Leaders Test Positive for Cancerous ‘Forever Chemicals’

Chemicals linked to severe health issues including cancer, infertility, birth defects and immune system disruptions are everywhere and no one is safe from them — not even top politicians, according to a campaign advocating for a European Union-wide ban. Former …

Spenner Named Gallagher Re’s CEO, International, as Melia Retires

Dirk Spenner has been appointed to the role of CEO, International, at Gallagher Re, taking over from Tony Melia, who is retiring after a career of over 40 years. Spenner’s new role is effective June 1, 2024. He joined Willis …

What Would UK Labour Party’s Finance Sector Plan Mean for City of London?

Britain’s opposition Labour Party, tipped in the polls to win an election expected this year, set out its blueprint on Tuesday to “unashamedly champion” a financial sector worried about its global competitiveness following Brexit as top rival New York lures …

Aviation Lessors Secure Settlements With Russia Totaling $2.5B for Trapped Planes

Aircraft leasing firms have secured settlements with Russia totaling more than $2.5 billion for over a quarter of the roughly 400 aircraft stuck in the country since Moscow’s invasion of Ukraine in 2022. In return, international lessors are handing ownership …

BMS Re’s CEO Chandler Steps Down to Become Vice Chair; Interim Co-CEOs Named

BMS Re, the specialty reinsurance arm of global broker BMS Group, announced that Andrew Wheeler and Russ McGuire have been appointed as interim co-CEOs of BMS Re. The appointments follow Pete Chandler stepping down as CEO and becoming vice chair …

UK Navy Warns of Piracy Menace to Ships in Indian Ocean

The UK Navy posted an advisory to merchant ships in the Indian Ocean warning of pirate activity, a sign of a growing threat to a maritime industry that’s been coming under missile attacks near Yemen. Two so-called pirate action groups …

Russia Behind Spike in European GPS Jamming, Baltic General Says

Russia is likely behind an increase in instances of jamming satellite signals used by airlines, smartphones and weapons systems in eastern Europe, according to a senior Baltic military commander. Martin Herem, the commander of the Estonian Defense Forces, pointed the …

EU Needs Trillions of Investments to Meet 2050 Climate Target: Research

The European Union will need 1.5 trillion euros ($1.6 trillion) per year of investments to meet its 2050 net zero emissions target, research backed by Green EU lawmakers said on Monday. The European Commission is set to recommend next week …

Viewpoint: How Corporate Help Desks Became the Weak Spot in Cyber Defenses

The cyberattack on MGM Resorts in September 2023 provides a vivid example of the effects these types of attacks can have in today’s complex and interconnected IT environments. MGM estimates the incident-related costs at upwards of $100 million, after the …

People Moves: Carbon Names Willetts Head of Specialty; Canopius Hires 4 in Credit & Political Risk Team; BHSI Taps Chaucer’s Merton to Lead UK Customer & Broker Engmt

This edition of International People Moves details appointments at Carbon Underwriting, Canopius Group and Berkshire Hathaway Specialty Insurance (BHSI) . A summary of these new hires follows here. Carbon Underwriting Appoints Head of Specialty Carbon Underwriting Ltd., the London-based, managing …

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