International & Reinsurance News

BNP Paribas Considers Buying Fosun’s Ageas Stake

BNP Paribas SA is considering a potential acquisition of Fosun International Ltd.’s stake in Belgian insurer Ageas, according to people with knowledge of the matter. The French lender has been holding discussions on a possible purchase of Fosun’s holding in …

Lloyd’s and Bermuda Monetary Authority Collaborate to Share Risk Expertise

The Lloyd’s market and the Bermuda Monetary Authority (BMA) are jointly developing an initiative to share risk expertise between these two major re/insurance hubs. The focus will be on fostering innovation through the Lloyd’s Lab and improving access to education …

Hackers Roil Entire Industries With Attacks on IT Supply Chain

Across Paraguay, hackers knocked out online services provided by the foreign ministry and companies. In Sweden, they crippled the payroll and human resources systems of more than 100 government bodies, including the central bank and parliament, as well as hospitals, …

People Moves: Howden Tiger Taps Byler From Carpenter to Lead US Casualty; Markel Promotes Atkin to Head of Bloodstock for London Markets

This edition of International People Moves details appointments at Howden Tiger and Markel. A summary of these new hires follows here. Howden Tiger Taps Byler From Carpenter to Lead US Casualty Division Howden Tiger, the reinsurance and capital advisory arm …

Chemicals in Plastics Far More Numerous Than Previous Estimates, Report Says

At least 3,000 more chemicals are in plastics — from food packaging to toys to medical devices — than previously estimated by environment agencies, a report published on Thursday found, raising questions over pollution and consumer safety. While the United …

Twenty Armed People Board Cargo Ship off Coast of Somalia, Security Firm Says

Twenty armed people have boarded a cargo ship off the coast of Somalia and have taken control of it, a maritime security firm said on Tuesday. The vessel is the latest to be targeted following a resurgence of attacks by …

Viewpoint: Insurers, Insureds Must Collaborate to Get Ahead of Social Inflation

Executive Summary: Setting up mock jury trials, taking cases to trial and refraining from issuing “hammer” letters to lower-layer insurers are just three of the strategies Aspen’s Chief Claims Officer Tony Rai suggests that insurers start undertaking—in concert with their …

People Moves: Arch Reinsurance Promotes 3 Senior Leaders: Halgan, Hardy Pickering and Pun; DUAL France Taps Déal From Everest as Managing Director

This edition of International People Moves details appointments at Arch Reinsurance and DUAL France. A summary of these new hires follows here. Arch Reinsurance Promotes 3 Senior Leaders: Halgan, Hardy Pickering and Pun Arch Reinsurance Group announced the promotions of …

Markets/Coverages: QBE Creates UK Healthcare Practice With New Liability Product

QBE has created a Healthcare practice group and has launched a Healthcare Advantage Liability product. The Healthcare practice group will be supported by all regional offices in the UK and aims to provide a more focused approach to customers in …

PE Firm Nordic Capital Weighs Sale of Regulatory Tech Firm Regnology: Sources

Nordic Capital is weighing a sale of German regulatory software firm Regnology, in a deal which could value the business at up to 3 billion euros ($3.27 billion), four people familiar with the matter told Reuters. The private equity firm …

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