International & Reinsurance News

London Defers Tallest Tower Decision Amid Neighbors’ Objections, Including Lloyd’s

The City of London Corporation deferred a vote on plans for a new 73-story office tower next to the Gherkin that’s set to become the tallest building in the historic financial district. The City Corporation’s planning committee voted Tuesday to …

Coverys Launches London Market Insurer, Approved to Write US E&S Business

Coverys Ltd., a UK entity in the Coverys Group of Companies, has received regulatory authority to launch a London company market insurer, effective June 26. Coverys Ltd. is part of Coverys’ dedicated London platforms which include both insurance company and …

Japan Insurers Plan to Sell $3.1 Billion Worth of Honda Shares, Reuters Reports

Japan’s four top property and casualty insurers, along with other financial firms, are planning to sell around ¥500 billion ($3.1 billion) worth of shares in Honda Motor Co., Reuters reported. Tokio Marine Holdings Inc., Sompo Holdings Inc. and two units …

Right-Wing Political Tilt in Countries Across Globe Will Not Derail Climate Action

A political tilt to the right in Europe and a potential Trump presidency in the U.S. will not derail climate efforts as businesses are increasingly locked into green strategies, delegates at London Climate Action Week heard. A big election year, …

China Refines Financial Stability Law to Strengthen Risk Prevention

China’s new financial stability law draft bill improved provisions on financial risks prevention and control, according to draft revisions released on Monday. Revisions to the draft bill underwent the second round of review by China’s top legislature, the National People’s …

Scientists Concerned That a Bird Flu Pandemic Is ‘Unfolding in Slow Motion’

Scientists tracking the spread of bird flu are increasingly concerned that gaps in surveillance may keep them several steps behind a new pandemic, according to Reuters interviews with more than a dozen leading disease experts. Many of them have been …

Beryl Becomes Earliest Ever Category 5 Hurricane in Atlantic

Hurricane Beryl has strengthened after becoming the earliest ever Category 5 storm in the Atlantic, with the system heading toward Jamaica with life-threatening winds and heavy rainfall. Maximum sustained winds increased to 165 miles (270 kilometers) per hour with higher …

AI and APIs: Essential Tools for Zurich Insurance Group’s Digital Leap

Executive Summary: For a multinational insurance company like Zurich Insurance Group, which can find itself delivering large, complex policies in multiple languages to a single international customer, there’s a logical use case for Gen AI’s large language models in providing …

AM Best Ratings Unchanged for Accredited, Onex’s New Program Management Unit

AM Best confirms that the financial strength rating and long-term issuer credit ratings of Accredited’s subsidiary companies remain unchanged following their acquisition by Onex Partners from R&Q Insurance Holdings Ltd. — a deal that was completed on June 28. AM …

People Moves: HDI Global Canada Promotes Navarrete to Managing Director; AXA XL Appoints Kuklinski as Regional Mgr. for Northern Europe, Germany’s Country Mgr.

This edition of International People Moves details appointments at HDI Global and AXA XL. A summary of these new hires follows here. HDI Global Canada Promotes Navarrete to Managing Director HDI Global Canada announced the appointment of Klaus Navarrete as …

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