International & Reinsurance News

Jensten Acquires UK Specialist Broker Henry Seymour & Co.

Jensten, the London-based independent insurance broking group, announced the acquisition of Henry Seymour & Co. The deal, which is subject to regulatory approval, will introduce to the business a team of 22 professionals, an office located in Sutton, England, as …

Devonshire Underwriting Launches MGA Specializing in Transactional Risk Solutions

Devonshire UW Ltd. and its affiliate Devonshire UW Europe GmbH (known collectively as “Devonshire Underwriting”) announced the launch of a managing general agent specializing in transactional risk solutions. Focused on positively disrupting the transaction risk insurance market, the MGA will …

Japanese Authorities Inspect Second Kobayashi Pharma Factory After Deaths

Health authorities searched a second Kobayashi Pharmaceutical factory in western Japan on Sunday after the company reported five deaths possibly tied to dietary supplements, an official said. The inspection in Wakayama prefecture follows one on Saturday in Osaka, expanding the …

US Executive Gets UK Judgments Thrown Out After Revealing Hackers Swayed His Case

An American aviation executive has had British judgments worth more than $4 million against him thrown out after a judge ruled that his legal opponent had covered up its use of hackers to steal the businessman’s emails in order to …

Shell Says Landmark Court Ruling Obstructs Fight Against Climate Change

Shell on Tuesday told a Dutch court a 2021 order that it should drastically cut greenhouse gas emissions lacks a legal basis and risks obstructing the fight against climate change. In a landmark ruling that shocked the energy sector, a …

Russia’s Baltika Sues Carlsberg Subsidiaries for Over $900M in Damages

Russia’s Baltika Breweries has sued four Carlsberg subsidiaries for damages amounting to 6.24 billion Danish crowns ($902 million), Russian court filings showed, as the two parties fight over the future of Russia’s largest brewer. Moscow took control of Carlsberg’s stake …

Xi Says US CEOs Should Invest in China, Economy Hasn’t Peaked

President Xi Jinping met with a group of American business leaders in Beijing including Blackstone Inc.’s Stephen Schwarzman and Qualcomm Inc.’s Cristiano Amon as China is seeking to restore confidence in the economy and keep relations with the US on …

Tropical Cyclone Makes Landfall in Northern Madagascar, Killing 18 People

ANTANANARIVO, Madagascar (AP) — A tropical cyclone that swept across Madagascar has killed 18 people and left four missing after making landfall on the north of the Indian Ocean island nation earlier this week, authorities said on Friday. The storm …

Canadian School Boards Sue Social Media Giants for Over C$4B in Damages

Four Canadian school boards have sought more than C$4 billion ($2.96 billion) in damages from social media firms such as Meta Platforms and Snap in a lawsuit, alleging that their products harmed students. The products are “negligently designed for compulsive …

Brookfield’s $200 Billion Credit Group Seeks to Lure Insurers

Brookfield Asset Management’s newly formed credit arm will cater to its parent’s insurance business and will also pitch other insurers on overseeing their assets, the unit’s chief executive officer says. “What we’ve decided to do is bring all of our …

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