International & Reinsurance News

Howden to Acquire Allianz UK’s Musical Insurance Book

Howden, the global insurance intermediary group, today announces that it has agreed to acquire the Musical Insurance book from Allianz UK and will incorporate its customer base and marketing and operations teams into Howden’s established music scheme, Lark Music. Financial …

Markets/Coverages: Coalition Introduces Active Cyber Insurance in Germany

Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced the launch of its Active Cyber Insurance in Germany through its subsidiary, Coalition Insurance Solutions GmbH. Coalition’s offerings became available on Aug. 1, 2024. Cyberattacks and IT system …

UK Financial Firms Spur IPO Optimism as Europe Rebound Stutters

Potential initial public offerings by a slew of UK financial services firms could drive the next stage of Europe’s recovery after momentum in new listings slowed sharply. Such hopes have arisen after Bloomberg reported that backers of Canopius Group are …

Ardonagh’s Geo Underwriting to Buy Navigators & General From Zurich UK

Geo Underwriting, the managing general agency and subsidiary of Ardonagh Advisory, announced it will acquire Navigators & General (N&G) from Zurich UK. Financial details of the deal were not disclosed. Founded in 1921 by Captain William Coombs, a merchant navy …

Insurance Broker Miller Acquires Swiss Reinsurance Capital Advisory Business

Miller, the London-based independent specialist re/insurance broker, announced the acquisition of reinsurance capital advisory business 4809 Brokers AG. Financial details were not disclosed. As its third Continental European acquisition since 2022, Miller said, the transaction forms part of its continued …

North Macedonia Seeks EU Assistance as Wildfires Burn Across the Balkans

SKOPJE, North Macedonia (AP) — North Macedonia said it was seeking further assistance from the European Union Tuesday to combat wildfires that continue to burn out of control in heatwave temperatures and have crossed the southern border into Greece. “Unfortunately, …

Landslides in Southern India Kill at Least 93 With Many More Trapped

NEW DELHI (AP) — Multiple landslides in southern India have killed 93 people and many others are feared trapped under the debris, officials said Tuesday, after torrential rains triggered torrents of mud and water that swept through tea estates and …

People Moves: Malmström Named Swiss Re’s Group CFO as Dacey Retires; MNK Re Appoints Industry Veteran Ashby as Global Chief Commercial Officer

This edition of International People Moves details appointments at Swiss Re and MNK Re. A summary of these new hires follows here. Malmström Named Swiss Re’s Group CFO as Dacey Retires Swiss Re announced that Anders Malmström will succeed John …

Global Accounting Body Wants More Rigor in Showing Climate Impacts

A global accounting body on Wednesday proposed guidance on how companies can do more to show the impact of climate change on their financial performance, saying standalone disclosures do not give investors the clarity they need. Norms written by the …

Extreme Weather Sends Insured Losses 70% Above Historical Norms

Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70% above the 10-year average — as extreme wildfires, droughts and floods upend historical norms. The data, which were compiled by Munich Re, …

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