International & Reinsurance News

The Era of Super-Wild Weather Is Already Here

Wildfires in Canada that burned continuously for over a year. Floods that brought Dubai to a standstill. Deadly heat blanketing the streets of New Delhi. The first half of 2024 has laid bare the catastrophic extremes that now characterize the …

UK Hospital Hackers Say They’ve Demanded $50 Million in Ransom

A cohort of Russian-speaking hackers is demanding $50 million from a UK lab-services provider to end a ransomware attack that has paralyzed services at London hospitals for weeks, according to a representative for the group. Qilin, as the group is …

EU Regulators Call for Changes to Landmark ESG Rulebook

Europe’s ESG rulebook, which is seen as the benchmark for setting sustainability-disclosure requirements worldwide, keeps getting pushback from the regulators charged with enforcing it. In an opinion to the European Commission, regulators for the markets, banking and insurance industries called …

Zurich Insurance to Sell Downtown Madrid Offices for About €100 Million

Zurich Insurance Group agreed to sell its iconic office building in downtown Madrid to a Spanish investment fund for about €100 million ($107 million), underscoring the robust demand for real estate in the city. Investment firm Besant Capital has made …

Vantage Group Chairman and Former Arch CEO Iordanou Dies

Constantine “Dinos” Iordanou, the chairman of Vantage Group Holdings and former chairman and chief executive officer of Arch Capital Group Ltd. has died. Described as “an industry legend,” as well as “a remarkable businessman, generous philanthropist, and devoted family man” …

Greencore Recalls Sandwiches, Wraps, Salads Amid E. Coli Concern

Convenience foods manufacturer Greencore Group is recalling a variety of products because of concerns over possible contamination with E. coli. The recall involves various sandwiches, wraps and salads sold at major retailers including Aldi, Asda, Boots, Morrisons and Sainsbury’s, according …

Dredger That Hit Tanker Reported Sudden Loss of Control; Oil Spill Cleanup Ongoing

Singapore authorities said Monday a dredger boat reported a sudden loss in engine and steering control that led it to hit a stationary cargo tanker, causing an oil spill that has blackened part of the city-island’s southern shores. The Netherlands-flagged …

More Than 800 Coal Plants Worldwide Could Be Profitably Decommissioned: Research

More than 800 coal-fired power plants in emerging countries could be decommissioned and profitably replaced by cleaner solar energy starting from the end of the decade, research on Monday showed. Though only a tenth of existing coal plants are scheduled …

Top Shipping Flag Cuts Approval for Sanctioned Russian Insurer

The world’s largest shipping register withdrew its approval for Russia’s Ingosstrakh Insurance Co. to provide a key document enabling ships to enter ports. The Liberian Register — under whose flag 16% of the world’s ships by capacity sail — said …

People Moves: Canopius Taps Getty From Talbot for Cyber Team; Howden Promotes Hipson to Head of London Broking

This edition of International People Moves details appointments at special re/insurer Chaucer Group and the London-based broker Howden. A summary of these new hires follows here. Canopius Taps Getty From Talbot for Cyber Team Canopius Group, the London-based global specialty …

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