International & Reinsurance News

Aspen Promotes Dunleavy to Group President, Succeeding Coleman

Aspen, the Bermuda-based re/insurer, announced changes to its leadership, effective Aug. 1, 2024, aiming to create stronger, more accountable executive roles that are more responsive to the current priorities of Aspen. Under the new structure, Christian Dunleavy has been appointed …

Update: French Internet Cables Severed in Latest Attack During Olympics

A number of fiber optic cables carrying broadband service across France were cut overnight in the latest attack on the country’s infrastructure during the Olympic Games. Connections serving Paris, which is hosting the Olympic Games this week, and the games …

Wildfire in Jasper National Park Could Burn for Months, Canadian Official Says

JASPER, Alberta (AP) — A wildfire that has destroyed hundreds of structures in the town of Jasper is the largest blaze recorded in Jasper National Park in a century and could still be burning months from now, a Parks Canada …

Beirut Flights Canceled, Delayed Amid Fears of Israeli Attack

Flights to and from Beirut airport were canceled or delayed on Monday as tensions escalated between Israel and armed political group Hezbollah after a strike in the Israeli-occupied Golan Heights killed 12 children and teenagers. Air France said on Monday …

ECB’s Cyber Security Test Shows ‘Room for Improvement’ for Banks

Euro zone banks have “room for improvement” in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said on Friday. The ECB’s first ever cyber risk stress test was launched …

BMS Agrees to Purchase UK Insurance Broker DR&P From Private Equity Firm Inflexion

BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire David Roberts & Partners (DR&P) from private equity firm Inflexion. Financial details of the deal were not disclosed. Founded in 1977, DR&P is one of …

Business Moves: NFP, Clear Group, and Strategic Risk Group Complete 4 Acquisitions

Three brokers – NFP, Clear Group, and Strategic Risk Group – each announced acquisitions during July. In reverse chronological order, the acquisitions are listed as follows: NFP, the New York-based insurance broker and Aon subsidiary, announced on July 24 that …

Paris Trains Hit By Sabotage Hours Before Olympics Kick Off

Trains to and from Paris, including the international Eurostar service, were hit by what authorities called a “massive attack aimed at paralyzing the network” of France’s super-fast trains just hours ahead of the inauguration ceremony of the 2024 Olympic Games. …

Aon Reports 6% Drop in Q2 Net Income, Organic Revenues Grow 6%

Aon reported net income attributable to shareholders of $524 million during the second quarter, a 6% decrease from $560 million reported in Q2 2023. Adjusted net income attributable to Aon shareholders increased 9% during Q2 2024 to $624 million, compared …

People Moves: Vantage Promotes Bellitti as Chief Pricing & Portfolio Actuary, Names BHSI’s Valzania as CUO; AXA XL Promotes Bailey as Head of Professional, Bermuda

This edition of International People Moves details appointments at Vantage Group Holdings and AXA XL. A summary of these new hires follows here. Vantage Promotes Bellitti as Chief Pricing & Portfolio Actuary, BHSI’s Valzania Named CUO Vantage Group Holdings Ltd. …

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