International & Reinsurance News for September 2023
- AXIS and Stone Point Credit Launch Monarch Point Re, Raising Over $400M of Capital
- Small Businesses Underestimate Cyber Risks Despite Increased Threats: IBC Survey
- Youth vs Europe: ‘Unprecedented’ Climate Trial Unfolds at Human Rights Court
- Shadowy Russian Oil Trade Employs Fake Coordinates and Tanker Tricks
- BMS Taps Former PartnerRe CEO Clarke as Chair, Completes Investment From Eurazeo
- EU Probes Anesthesia Complication for New Weight-Loss Drugs
- Allianz’s CFO to Take Top Job at Generali: Italian Media
- European Insurers Underwrite 30% of US Coal: Study
- Ronda Named CEO of Howden Tiger
- India Pursues Insurance, Gaming Firms Over Alleged Tax Evasion
- Re/insurance Broker UIB Expands in South America With Launch of 2 Firms in Peru
- Pegatron India Fire Traced to Workers’ Failure to Turn Off Electrical Switch: Sources
- Wind Power Industry Hit by Perfect Storm of Supply Chain Delays, Design Flaws, Costs
- Bank of England Sets Out Reform of Insurance Capital Rules to Boost Investment
- Layoffs, Remote Working Hinder Diversity Push, UK Finance Executives Say
- People Moves: Sompo Int’l Taps Chubb’s Gossé for Cyber Ins., Continental Europe; Allianz Commercial Names Vogler Chief Regions & Mkts Officer, Succeeding Haagen
- Ariel Re Relaunches Clean Energy Division, Focusing on Tech Performance Insurance
- Markets/Coverages: Aon Offers Financial Institutions Solution With Capacity of $100M
- Hiscox Agrees to Sell Motor Insurance Business in Singapore and Thailand
- Insurtech MGA Loadsure Partners With WeatherOptics to Boost Cargo Risk Calculations
- Cinven Buys Back Eurovita Bonds to Help Avoid Messy Liquidation of Its Insurer: Source
- Ship Insurance Facility Set Up for Ukraine Grain Exports, Broker Miller Says
- Antarctica’s Shrinking Sea Ice Hits Record Low, Alarming Scientists
- People Moves: Arch Insurance (Bermuda) Promotes Smith to MD After Hay Retires; Aon Taps Nichols From Aeolus as Global Reinsurance Clients Leader in Bermuda
- Three-Quarters of Firms Globally Are Not Ready for New ESG Rules: KPMG Report
- Apple Supplier Pegatron to Halt Assembly at India Plant for Second Day After Fire
- Bermuda Public Services Remain Disrupted After Cyber Attack
- UK Workers Take Most Sick Leave in More Than a Decade: Employer Survey
- Ares Management Provides £1 Billion of Loans for UK Insurance Merger
- MGA iprism Purchases Property-Focused MGA, SK Underwriting
- Alpine Tunnel Chaos Puts Crucial European Network Under Strain
- Hedge Fund Manager Crispin Odey Faces Lawsuit Over Sexual Misconduct Allegations
- Britain Proposes Diversity and Misconduct Rules for Financial Services Firms
- Russia Dodges G7 Price Cap Sanctions on Most of Its Oil Exports: FT
- Aviva Agrees to Acquire AIG’s UK Protection Business for $563 Million
- People Moves: Aon Taps Carpenter’s Fraccalvieri to Lead EMEA Facultative, Reinsurance Solutions; Miller Launches APAC Treaty Team
- Lloyd’s Cyber Specialist Trium Cyber Opens London Office, Led by Aspen’s Watson
- ‘Hard But More Manageable’ Jan. 1 Renewals; Little Relief on Retentions
- Copper Producer Aurubis Says Metal Scam Cost It €185 Million
- RHB Bank Weighs Bancassurance Options as Tokio Marine Pact Ends Soon: Sources
- From Disorderly to Orderly Reinsurance Renewals – What a Difference a Year Makes
- Maritime Industry Eyes Nuclear Power for Ships as Tech Advances; Insurers Are Wary
- Tech Update: Conduit Re Uses hyperexponential’s Pricing Decision Intelligence Platform
- Climate Change Made Deadly Floods in Libya and Greece More Extreme
- UK Firm Sold Thousands of Unverified Jet Engine Parts, CFM Says
- UK Watchdog Sets 3-Month Deadline to Improve Car Insurance
- Viewpoint: A New Risk Landscape Emerges for Global Maritime Industry
- Lloyd’s and the UN Team Up to Provide Insurance to Climate Vulnerable Countries
- Markets/Coverages: Specialty MGA Nirvana Launches European W&I Binder
- ‘Talking Shops’ and Too Little Action Hamper City of London Reboot: Analysis
- Virgin Australia Finds Second Bogus Jet Part With Fake Certificate
- Google Launches Last-Ditch Effort to Overturn $2.6B EU Antitrust Fine
- Credit Suisse Unit Ordered to Pay Georgian Tycoon Ivanishvili $743 Million
- Israeli Cyber Firm Cato Networks Raises $238M, Valued at $3B
- The Legal Tensions of Collaboration and Competition in the Life Sciences Industry
- Canada’s Intact Financial Kicks Off Sale of RSA’s Personal Insurance Business
- Australia’s New Hope to Ramp Up Coal Output, Sees Modest Insurance Premium Hikes
- SiriusPoint Announces MGA Partnership with Nordic Marine Insurance
- TikTok Fined €345M Over Handling of Children’s Data in Europe
- Britain Must Not Damage Financial Services Sector Resilience: BoE’s Woods
- EU Businesses Concerned About ‘Lack of Clarity’ in China’s Data Laws
- Hong Kong’s Floods to Hit Insurers’ Earnings, Could Pressure Reinsurance Renewals
- Chinese Police Detain Staff of Evergrande Unit as Property Crisis Enters New Phase
- Zurich and KPMG Collaborate to Provide Climate Change Advisory Services
- Blockchain Analysts Suspect N. Korea-Linked Hackers Behind $70M Crypto Theft
- Regulators Move to Stop Greenwashing Before It Gets Worse
- Private Equity Firm CVC Invests in Dale Underwriting to Boost Growth at Lloyd’s
- People Moves: Sompo International Announces New UK Leadership Team; SiriusPoint Names Smyth Head of Marine, Active U/W for Syndicate 1945
- Climate Change Sends Most Indicators of Earth’s Health Into Danger Zone: Study
- Rugby World Cup Beset With Head Injuries, Creating Growing Existential Threat
- Ardonagh Sells £1.2 Billion Insurance Unit to UK Insurer Markerstudy
- Apple to Update iPhone 12 Software in France to Settle Radiation Row
- Shell Says Australian Unit BG Group Hit by MOVEit Cybersecurity Breach
- People Moves: AXA XL Promotes Lebas to Head of Mid-Market, APAC & Europe; AgriSompo Int’l Taps EMC Re’s Smith as SVP International Operations Deputy
- Markel Opens 3 Offices in Australia, Hires Morison From AXA XL as Managing Director
- Apple Says iPhone 12 Meets Radiation Rules, Disputes Findings From French Watchdog
- Stranded Cruise Ship Shows Risks of More Traffic in Hard-to-Reach Arctic Waters
- Airlines Face Growing Number of Lawsuits Over Their Climate Claims
- Bank of England Tells UK to Hold Insurers to Account on Infrastructure Spending
- People Moves: De Nil Named Global Head of Zurich Resilience Solutions; Miller Taps Aon’s Castanier to Develop European Leasing Practice
- Lockton Signs Strategic Partnership With Spanish Re/insurance Broker Jhasa
- Global Companies to Increase Security Spending as Threats Rise: Survey
- Arthur J. Gallagher & Co. Buys Bermuda-Based Frontier Financial Services Ltd.
- Ex-Chairman of Top China Insurer Given Suspended Death Sentence
- UK Insurer Aviva to Sell Singlife Joint Venture Stake for $1 Billion
- People Moves: Mosaic Builds Team of Underwriting Specialists in Canada; Everest Re Taps PartnerRe’s Schiattone as Global Head of Financial Risk
- Extreme Heat Threatens Global Fuel Security
- China Relaxes Rules for Insurers to Invest in Stock Markets
- How Reinsurers Can Win in the Game of Volatility
- World’s Largest Ports May Be Unusable by 2050 Without More Climate Action: Report
- Markets/Coverages: Reinsurance MGA Envelop Risk Launches Program to Aid Cedents’ Entry Into Cyber
- Morocco Survivors Seek Aid as Earthquake Death Toll Passes 2,100
- Legacy Acquisition Specialist RiverStone Int’l Acquires Catalina Insurance Ireland
- Reinsurers Hope Profitability Party Will Last – But All Good Things Must End
- P/C Insurers Set to Significantly Improve Profitability Even as Claims Rise: Study
- MGAs and Fronting Companies: Exploring the New ‘Asset-Light’ Frontier
- Lloyd’s Syndicate Probitas 1492 to Launch Special Purpose Arrangement in 2024
- Prudential, Warburg Pincus Team Up to Back New Reinsurer
- Markets/Coverages: Carpenter Launches Update of Catastrophe Analytics Platform
- Allianz Unveils €20 Billion Spending Target in Net-Zero Transition Plan
- Hamilton Insurance Group Confidentially Files for US IPO
- Reinsurance Rates to Rise in 2024, Soften in 2025: Fitch
- Lloyd’s in Talks With UN Over New Black Sea Grain Insurance Cover: CEO Neal
- Hong Kong Sees Heaviest Rainfall on Record; Insurance Claims Could Exceed $100M
- CelsiusPro Buys UK’s Global Parametrics to Strengthen Climate, Nat Cat Risk Solutions
- Global Fears Are Feeding Demand for Lloyd’s of London Insurance, CEO Says
- ACORD Releases Data Messaging Standard to Support London-Market Modernization
- City of London Calls for ‘Big Moves’ to Boost Post-Brexit Finance
- Loss Trends for Severe Convective Storms
- The Care and Feeding of Property-Catastrophe Models
- People Moves: Nutter to Retire as RAA President; Covington Appointed to Take the Helm
- People Moves: Marsh Names Harris CEO, UK Retail; AXA XL Appoints Meier as Chief Client Officer
- Reinsurers’ Performance Keeps Improving on Underwriting Profits, ROE: Gallagher Re
- Howden New Zealand Acquires Apex Insurance
- Specialist Risk Group Launches Entertainment, Media, and Sport Division
- Update: Lessor AerCap Settles Claim of $645M for Aeroflot Jets Stranded in Russia
- Global Watchdog Warns Over ‘Very High Leverage’ in Hedge Funds
- UK Parliament Calls in Surveyors to Test for Dangerous Concrete
- Guy Carpenter Names Enoizi CEO of Europe
- World Losing Race to Meet Climate Goals, COP28 President Says
- People Moves: DUAL Appoints McGinn From Allianz as UK CEO; Howden Germany Taps Aon’s Breeck to Lead New Large Corporate Clients Unit
- Arthur J. Gallagher & Co. Buys UK-Based Lifesure Group Ltd.
- Wildfires Cost Europe €4.1 Billion as Temperatures Hit Records
- China’s Huawei Files Lawsuit in Portugal Over Ban on Supplying 5G Equipment
- S&P Raises Reinsurance Sector View to Stable From Negative as Rates Keep Rising
- Fake Spare Parts Were Supplied to Fix Top-Selling Jet Engine
- EU to Seek COP28 Deal on Phasing Out Fossil Fuels: Draft Document
- Google Hit With Copyright Lawsuit by Danish Online Job-Search Rival
- Hong Kong Braces for Biggest Typhoon Since 2018
- Fast Fashion Firms Prepare for EU Crackdown on Waste Mountain
International & Reinsurance News Archives