International & Reinsurance News

Brokerslink Launches Global Construction Practice with 2 Appointments

Brokerslink announced the launch of an expanded Global Construction Practice with the appointments of Brian Schofield and Edouard Marron as co-practice leaders. They take up these roles with immediate effect. The new Global Construction Practice will provide risk management, technical, …

O’Halleran to Retire from Aon After 37 Years

Aon Benfield, the global reinsurance intermediary and capital adviser of Aon plc, has today announced that Michael O’Halleran is set to retire from the business after 37 years of service. From his founding role as leader of Aon Re at …

Mercedes’ Parent, Daimler, Partners with Bosch to Develop ‘Robo-Taxis’

Mercedes-Benz owner Daimler and supplier Robert Bosch are teaming up to develop self-driving cars in an alliance aimed at accelerating the production of “robo-taxis.” The pact between the world’s largest maker of premium cars and the world’s largest automotive supplier …

PERILS Releases Updated Exposure Database

PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has released the 2017 update of the PERILS Industry Exposure Database (IED). The updated database is composed of more than 200,000 individual data entries defining property sums insured …

New Digital Evidence Emerges of N. Korea Connection to Bangladesh Bank Heist

Cyber security firm Kaspersky Lab on Monday said it had obtained digital evidence that bolsters suspicions by some researchers that North Korea was involved in last year’s $81 million cyber heist of the Bangladesh central bank’s account at the Federal …

U.S. Supreme Court to Hear if Arab Bank Is Financially Liable for Terrorist Attacks

The U.S. Supreme Court on Monday agreed to consider reviving litigation seeking to hold Arab Bank Plc financially liable for militant attacks in Israel and the Palestinian territories that accused the Jordan-based bank of being the “paymaster” to militant groups. …

Update: Death Toll Rises, Dozens Injured in Russia Subway Terror Attack

A subway bombing in St. Petersburg killed 11 people and injured dozens more during a hometown visit by President Vladimir Putin, officials said, renewing fears of terrorism in Russia’s biggest cities less than a year before presidential elections. A homemade …

Global Momentum to Curb Climate Change Proceeds Despite Trump: UN

Governments have created “worldwide momentum” to slow climate change despite threats by U.S. President Donald Trump to pull out of the 2015 Paris Agreement to slash greenhouse gas emissions, the U.N.’s climate chief said on Friday. “The Paris Agreement remains …

CFC Underwriting Upgrades Global Cyber Product

Specialist lines underwriting agency, CFC Underwriting, has launched a revamped and upgraded cyber insurance product for global markets. The new look product provides includes the provision of first party cover on an “each and every claim” basis, said CFC Underwriting, …

New Zealand Eyes Revamping Building Standards After November Quake

New Zealand’s government said Friday [March 31] the partial collapse of a modern office building’s interior during an earthquake last November was unacceptable and could have killed people. Minister for Building and Construction Nick Smith said officials will review the …

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