International & Reinsurance News

Insurance Broker NFP Acquires Orca Financial Group in Ireland

NFP, an Aon company and insurance brokerage, announced its acquisition of Orca Financial Group, a specialist financial brokerage based in Leopardstown, County Dublin. Financial details of the deal were not disclosed. The Orca team will join NFP’s employee benefits and …

People Moves: Miller Names Thevenot for Strategic Sports and Entertainment Team; Tokio Marine HCC International Promotes 2 in UK Trade Credit Division

This edition of International People Moves details appointments at insurance broker Miller and the insurer Tokio Marine HCC International. A summary of these new hires follows here. Miller Appoints Thevenot for Strategic Sports and Entertainment Team Miller, the London-based independent …

Athens Braces for Wildfire Flare-Ups as High Winds Return

Greek firefighters are working to bring the remnants of a huge wildfire near Athens under control, after wind speeds picked up again on Tuesday afternoon. The biggest blaze of the summer started northeast of the capital Sunday, fueled by strong …

Insured Losses From UK Riots Will Be Manageable, With Claims Below £250M: Report

Insured losses from recent riots in the United Kingdom are expected to remain at manageable levels with a limited impact on insurers’ credit profiles, according to credit agency Morningstar DBRS, in a market commentary. The main reason for manageable claims …

Thailand Races to Stop Toxic Waste Cargo on MSC, Maersk Ships

Thai authorities are racing to stop about 100 shipping containers allegedly filled with hazardous industrial waste from Albania reaching the nation’s ports. Basel Action Network, a US-based nonprofit that tracks toxic trade which precarviously alerted Malaysia to illegal e-waste shipments, …

Tech Update: Hiscox Launches GenAI-Powered Lead Underwriting Platform

Hiscox, the global specialist insurer, has launched the London insurance market’s first lead underwriting platform enhanced by generative AI, aiming to provide sabotage and terrorism insurance quotes to customers faster and more efficiently than ever before. Initially developed as a …

UK Cyber Spies Plan AI ‘Lab’ to Counter Hostile State Threats

UK spies are stepping up efforts to tackle cyber and artificial intelligence threats from hostile foreign states, including the sort of online manipulation that helped foment rioting across the country in the past 10 days. GCHQ, the UK’s national security …

Swiss-Based Engineering Firm Schlatter Says IT Network Affected by Cyberattack

Schlatter Industries’ network was attacked with malware on Friday and it can be assumed this was a professional attack, the Switzerland-based company said on Monday. The group was hit on Friday by a cyberattack using malware, and the unknown perpetrators …

People Moves: Everest Launches Global Broker Management Team Led by Izzo; Evolin Broking Launches Casualty Division With 3 Senior Hires

This edition of International People Moves details appointments at re/insurer Everest Group and Evolin Broking. A summary of these new hires follows here. Everest Launches Global Broker Management Team Led by Izzo Everest Group Ltd., the Bermuda-based property, casualty, and …

UK Revisits Social Media Regulation After Far-Right Riots

The British government is considering changes to the Online Safety Act designed to regulate social media companies, following a week of racist rioting driven by false information online. WHY IT’S IMPORTANT The act, passed in October but not set to …

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