International & Reinsurance News

MGA Alta Signa Launches in Switzerland

Alta Signa Europe B.V., the European boutique managing general agent (MGA) and Lloyd’s coverholder, announced the opening of an office in Switzerland, marking a significant milestone in the company’s expansion strategy in the Germany, Austria and Switzerland (DACH) region. Based …

Gallagher’s Pen Underwriting Acquires Irish MGA Wrightway Underwriting Ltd.

Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced that its specialist underwriting subsidiary Pen Underwriting has acquired Ireland’s Wrightway Underwriting Ltd. Terms of the transaction were not disclosed. Based in Wexford, Ireland, Wrightway is a managing general …

Climate Change Made Deadly Brazil Floods Twice As Likely, Study Finds

Greenhouse gases produced by human activity made the recent deadly flooding in Brazil twice as likely as it would have been in the preindustrial era, according to a rapid analysis of the event by World Weather Attribution (WWA), an international …

Sanctioned Oil Tankers Pose Rising Environmental Risk in Mediterranean, Greece Says

Unregulated tankers sidestepping Western sanctions are posing a bigger risk to the Mediterranean region and Greece is undertaking more protective measures to safeguard its coast, the country’s shipping minister told Reuters on Tuesday. Up to 850 oil tankers are estimated …

London Hospitals Hit by Cyberattack Affecting Blood Transfusions

Services at several London hospitals were disrupted after a provider that helps manage blood transfusions and lab services was hit by a ransomware attack. Lab services provider Synnovis confirmed the attack in a statement on Tuesday and said it was …

People Moves: Aon Names Reese as CFO, Succeeding Davies; Ogden Named CEO of HDI Global UK & Ireland as Taylor Retires

This edition of International People Moves details appointments at broker Aon and HDI Global UK & Ireland. A summary of these new hires follows here. Aon Names Reese as CFO, Succeeding Davies Insurance broker Aon plc announced that Edmund Reese …

Insurers Expect Major Loss Event From Floods in Southern Germany

Insurers are preparing for an above-average loss event as a result of floods in southern Germany. “The pictures from Bavaria and Baden-Württemberg foreshadow the worst. Our companies are already receiving many claims reports,” according to Jörg Asmussen, managing director of …

Broker Verlingue Launches Dedicated Construction Practice in UK

Chartered insurance broker Verlingue Ltd. has established a new dedicated construction practice to serve the UK’s fast-growing construction industry. The practice, led by Harvey Monk, sales director South, brings together a team of specialists from across Verlingue in one streamlined …

Regulators Raid Toyota Offices Over Safety Scandal, Sending Stock Down

Toyota Motor Corp. and other carmakers embroiled in a fresh certification scandal halted shipments of a handful of models and saw their offices raided by government officials, but the impact on their customers and operations appears to be limited. Honda …

Russian Oil Finds New Site for Controversial Cargo Switching

Under pressure from Greece’s navy, traders of Russian oil have found a new place to switch cargoes of crude in the Mediterranean sea, a sign of how hard it will be to clamp down on an activity that has alarmed …

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