International & Reinsurance News

Howden Ireland Acquires Curran Connolly & Co. (Drogheda) Ltd.

Howden, the London-based insurance intermediary group, announced it has acquired Curran Connolly & Co. (Drogheda) Ltd., the commercial and personal lines insurance broker based in County Louth, Ireland. Financial details of the transaction were not disclosed. This transaction follows Howden’s …

UK Home, Business Property Insurance Payouts Hit $6B in 2023

Britain’s homes and businesses received 4.86 billion pounds ($6.07 billion) in property insurance payouts in 2023, up 18% from a year earlier, as weather-related home claims hit a record high, the Association of British Insurers said on Monday. Weather-related home …

Fragmented Europe to Make New Bid for US-Style Capital Market

After years of struggling to raise capital in European Union markets, Mews – a hospitality software firm with Czech roots – finally secured funding by registering as a Dutch company. For its next step, Mews is looking even further from …

Apple Warns of ‘Mercenary Spyware Attack’ on Users in India, 91 Other Countries

Apple Inc has warned its users in India and ninety-one other countries that they were possible victims of a “mercenary spyware attack,” according to a threat notification email that was sent to targeted users. The company discovered that attackers tried …

Death Toll From Italian Hydroelectric Plant Explosion Rises to 7

Divers in northern Italy have recovered the last two bodies of workers killed by an explosion that collapsed and flooded several levels of an underground hydroelectric plant, bringing to seven the number of confirmed dead, officials said Friday. The explosion …

BNP Paribas to Acquire Fosun’s Stake in Belgian Insurer Ageas

BNP Paribas, the euro zone’s biggest bank, has agreed to buy a 9% stake in Ageas from China’s Fosun Group for about 730 million euros ($780 million), making it the biggest shareholder in the Belgian insurer. The deal ends months …

Cargo Owners in Baltimore Disaster Face ‘General Average’ Loss Sharing, MSC Says

The owner of the ship that destroyed Baltimore’s Francis Scott Key Bridge has started a formal process in which companies that own goods on the stricken Dali will have to share some of the financial losses, according to the world’s …

R&Q to Sell Stake in Obra Joint Venture for $30M, Expects “Significant Pre-Tax Loss”

R&Q Insurance Holdings, (R&Q) the Bermuda-based non-life speciality insurer that focuses on program management and legacy insurance business, announced it has agreed to sell its stake in a joint venture with Obra Capital for $30 million. At the same time, …

Kenya and Nigeria Recall J&J Children’s Cough Syrup Over Suspected Toxicity

Kenya’s drug regulator is recalling a batch of Johnson & Johnson children’s cough syrup, it said on Thursday, a day after Nigeria recalled the same batch of medication under the Benylin Paediatric brand. Nigeria’s health regulator said laboratory tests on …

Ukraine Nuclear-Plant Attacks Prompt Emergency Watchdog Meet

The United Nations atomic watchdog held an emergency meeting in Vienna to discuss the increasing risk of an accident at a Russian-occupied atomic power plant in Ukraine. International Atomic Energy Agency diplomats convened on Thursday to discuss safety at Europe’s …

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