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International & Reinsurance News

People Moves: DUAL Europe Taps Hiscox’s Hervé to Launch and Lead French Unit; Chubb’s Overseas General Insurance Names Spagnoli as Head of Consumer Lines

This edition of International People Moves details appointments at DUAL France and Chubb’s Overseas General Insurance unit. A summary of these new hires follows here. DUAL Europe Taps Hiscox’s Hervé to Launch and Lead French Unit DUAL Europe, the specialist …

UK to Probe Unilever’s Environmental Claims as Part of Greenwashing Crackdown

Britain’s competition watchdog said on Tuesday it would scrutinize environmental claims made by UK consumer goods giant Unilever about certain household essential items, amid a wider crackdown on greenwashing. The Competition and Markets Authority (CMA) said it is seeking to …

Ukraine’s Top Mobile Network Operator Hit by Biggest Cyber Attack of War to Date

Ukraine’s biggest mobile network operator said it hoped to restore operations by Wednesday after coming under what appeared to be the largest cyberattack since Russia launched its war on the country in February 2022. Tuesday’s attack on Kyivstar, which has …

Markets/Coverages: MGA Optio and Insurer Partner AmFirst to Offer Political Violence & Terrorism Cover

Optio Group, the London-based specialty managing general agent (MGA), announced it has entered into an agreement with a new insurer partner to provide underwriting capacity for political violence and terrorism (PVT) risks. The partner company – AmFirst Insurance Co. (AmFirst) …

Houthi Militants Hit Fuel Tanker With Missile in Vital Red Sea Trade Artery

A fuel tanker was struck by missile as it navigated the Red Sea, the latest in a string of incidents that have turned the area where the attack took place into the world’s riskiest waters. The vessel’s owner said the …

Tech Update: Hiscox London Mkt, Google Collaborate to Boost Underwriting With AI

Hiscox, the specialist global insurer, has collaborated with Google Cloud to create the first AI-enhanced lead underwriting model in the London market insurance industry. The collaboration combines Hiscox London Market’s recently built technology platform, Hiscox AI Laboratories (Hailo) with Google …

Typhoon That Hit China’s Ports Provides Wakeup Call for Climate Risk to Markets

As Typhoon Doksuri aimed toward mainland China, major southeast ports were forced to turn away dozens of vessels for days. The storm, supercharged by the warm July waters of the Pacific, delivered Beijing’s worst flooding in more than 50 years, …

People Moves: Papanikolaou to Succeed Mueller as AGCS CEO and Will Lead Allianz Commercial; May Promoted to CEO of Lloyd’s Europe as Breitburd Steps Down

This edition of International People Moves details appointments at Allianz Global Corporate & Specialty SE (AGCS) and Lloyd’s Europe. A summary of these new hires follows here. Papanikolaou to Succeed Mueller as CEO of AGCS and Will Lead Allianz Commercial …

China Offers Insurance to Rubber Producers to Encourage Higher Output

China’s government said on Monday it has started offering insurance for natural rubber producers, to encourage higher output and increase the country’s self-sufficiency rate in producing the latex used to make tires. The scheme for producers in Hainan and Yunnan …

Africa Specialty Risks Gets ‘In Principle’ Approval to Launch Syndicate in 2024

Africa Specialty Risks (ASR), the pan-African focused re/insurance group, has received “in-principle” approval to launch a Lloyd’s syndicate in 2024. The syndicate will be launched in partnership with insurance group Apollo Syndicate Management, which provides third party managing agency services. …

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