International & Reinsurance News

Lack of Immunity Raises Risk of Bird Flu Pandemic: EU Food Safety Agency

The EU’s Food Safety Agency (EFSA) warned on Wednesday of a large-scale bird flu pandemic if the virus becomes transmissible between people as humans lack immunity against the virus. This comes a day after Texas reported that the H5N1 strain …

Colombia Insurers Fear Petro’s Takeover to Spark Health Crisis

President Gustavo Petro’s decision to take control of a top Colombian health insurer sets a dangerous precedent, according to the industry and patient associations. The South American nation’s health superintendent will run EPS Sanitas for one year after it failed …

Panama Canal Drought Could Threaten Global Supply Chains, S&P Says

The severe drought which has forced the Panama Canal, one of the world’s busiest trade passages, to limit daily crossings could impact global supply chains during a period of high demand, S&P Global said on Wednesday. The canal has imposed …

Howden Tiger to Rebrand as Howden Re

Howden Tiger, the global reinsurance arm of Howden, will rename as Howden Re, effective April 8, 2024. This strategic change follows Howden’s rebrand in October last year, which united its broking operations under one name. Today, with its reinsurance business …

Majority of CO2 Emissions Linked to Just 57 Producers: Report

The vast majority of planet-warming carbon dioxide emissions since 2016 can be traced to a group of 57 fossil fuel and cement producers, researchers said on Thursday. From 2016 to 2022, the 57 entities including nation-states, state-owned firms and investor-owned …

UK’s Ardonagh Advisory Completes Acquisition of Westfield Brokers

Ardonagh Advisory, the London-based SME broking platform and part of Ardonagh Group, has completed its acquisition of Westfield Brokers Ltd. Financial details of the deal, which was first announced in December 2023, were not disclosed. Westfield Brokers, which trades under …

People Moves: MS Amlin Promotes Geddes as Head of Reinsurance; Aon’s CFO Davies to Retire in 2025

This edition of International People Moves details appointments at re/insurer MS Amlin and the broker Aon. A summary of these new hires follows here. MS Amlin Promotes Geddes as Head of Reinsurance MS Amlin, the Lloyd’s re/insurer, announced the promotion …

­­­­­­­AXA Plans Cyber Risk Prevention Campaign Ahead of Paris Olympics

AXA SA is planning a campaign to help prevent cyberattacks targeting France in the run-up to the Paris Olympics next summer. The insurer will share key measures with French corporate clients to improve the protection of their information systems, the …

Howden to Acquire French Broker OFRACAR

Howden, the London-based insurance intermediary group, announced it has entered into an agreement to acquire OFRACAR, an independent brokerage group headquartered in Rouen, thereby expanding its geographical footprint and capabilities to clients in north-west France. Financial details of the transaction …

Generali Completes Purchase of Conning and Affiliates From Cathay Life

Generali announced it has completed the acquisition of Conning Holdings Ltd. (CHL) and Conning affiliates from Cathay Life, a subsidiary of Taiwan’s Cathay Financial Holdings. The deal, which was first announced on July 6, 2023, has been structured as an …

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