International & Reinsurance News

Airbus and Atos to Create Cyber Security Products for Insurers, Other Industries

Airbus Group SE’s Defence and Space will team with digital services provider Atos SE to develop products designed to counteract cyber attacks on companies and their supply chains. The partnership will address industries including banking and insurance as well as …

Willis GB CEO Tells Insurance Industry It Must Embrace Diversity

Willis Great Britain CEO Nicolas Aubert issued a call to the re/insurance industry to embrace diversity. Challenging the status-quo, he said the industry needs to employ a truly meritocratic approach to hiring. Aubert was speaking at the start of the …

Hanover Insurance Announces 3 International Executive Appointments

The Hanover Insurance Group Inc., based in Worcester, Mass, announced that Robert A. Stuchbery will assume broader responsibilities as president of international operations of The Hanover. In this role, he will oversee Chaucer’s operations and be responsible for development of …

PERILS Lowers Windstorm Niklas Insured Loss Estimate to $927 Million

PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has released its third loss estimate for windstorm Mike-Niklas, which, lowers the estimated property insurance market loss from €895 million ($1.0 billion] to €826 million [$927 million]. The announcement …

Europe’s Rich Families – Such as EXOR’s Agnellis – Turn Dealmakers

John Elkann, the leader of Italy’s billionaire Agnelli family, has a way of preparing his relatives for a big takeover battle that you won’t see at your everyday company. In June, he gathered two branches of the prominent Italian family …

PartnerRe Files Definitive Proxy to Seal Acquisition by EXOR

Bermuda-based PartnerRe Ltd. announced that a Special General Meeting of shareholders will take place on Thursday, November 19, 2015 to vote on the previously announced merger agreement between PartnerRe and EXOR, and all related transactions. The company filed a “Definitive …

Hardy Pickering Promoted to Chief Financial Officer of Hamilton Re

Bermuda-based Hamilton Insurance Group, the holding company for insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, announced that Vanessa Hardy Pickering has been promoted to the position of chief financial officer of Hamilton Re. Hardy Pickering, who …

XL Catlin Strengthens London Product Recall Underwriting Team

XL Catlin announced it has strengthened its London-based Product Recall team with the appointment of Natalie Lilley and the transfer of Ian Davidson. Natalie Lilley joins XL Catlin from Canopius where she has held the position of contaminated products underwriter …

Governments Make Pledges on Climate to Curb Temperature Rise – Study

National promises to curb greenhouse gas emissions will help avert the worst levels of global warming by 2100, but more action is needed to keep temperature rises within the 2 degrees Celsius [3.6°F] limit set by governments, a study showed …

Zurich Canada Issues ‘White Paper’ on Drones & Risk Management

Zurich Canada has released a new white paper on unmanned aircraft systems (UAS), commonly referred to as drones at the Risk and Insurance Management Society (RIMS) Canada Conference in Québec City. Entitled, “Hovering Over Opportunities: Managing risk with drones, and …

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