International & Reinsurance News for May 2024
- Ardonagh Specialty Rebrands Reinsurance Business as ‘Price Forbes Re’
- Before Global Scrutiny, Indian Spice Maker MDH Faced Many US Rejections
- EU Finalizes Investment Fund Labels to Combat Greenwashing
- Markets/Coverages: Coalition Enters Excess Cyber Insurance Market in Australia
- Update: Wildfire Threat to Oil-Sands Capital Expected to Ease as Winds Shift
- South Africa’s President Approves Major Health Reform Law; Legal Challenges Expected
- Brazil States Ask Court to Double Amount Vale, BHP Should Pay for Mining Disaster
- Britain Rejects Call to Ban Gagging Orders in Financial Services Sector
- Santander Flags Data Breach Hitting Some Clients, All Staff
- People Moves: AXA XL Reinsurance Names Sawyer to Expanded Role of Head of London Casualty, Reinsurance; Fusion Specialty Hires 2 for M&A Team in London
- UK Broking and Underwriting Group, Jensten, Announces Strategic Restructuring
- VC Firm Accel Raises $650M to Invest in AI, Cybersecurity Startups in Europe, Israel
- EU Countries Approve Law to Slash Trucks’ CO2 Emissions
- Everest Insurance Launches in Australia, Expanding Its Asia-Pacific Business
- Markets/Coverages: WTW Launches Facility for Cargo and War-on-Land Risks in Ukraine
- Canadian Crews Battle Wildfire Threatening Remote Western Town
- Russian Certifier Steps in After India Drops Safety Cover for Sanctioned Oil Tankers
- People Moves: Tokio Marine HCC Expands Product Recall Offering With 2 Hires From AXA XL; London P&I Club’s CEO Gooch to Step Down, Succeeded by Bean
- Russia Court Suspends Corporate Rights of Alfa Bank Entities, Including Insurance Arm
- PoloWorks Launches Managing General Agent Incubator
- Brazil Braces for More Rain as Historic Flood Damages Mount
- Suspected Pirate Attack in Gulf of Aden Raises Concerns About Growing Somali Piracy
- Western Canada Wildfires Prompt Evacuations, Air Quality Warnings
- UKMTO Reports Hijacking Attempt of Vessel East of Yemen’s Aden
- People Moves: Aon Names Allen as Executive Managing Director of Capital Advisory; BMS Re Hires 6 for MGA Business ProLink Solutions
- Markets/Coverages: Mosaic Launches Suite of Professional Liability Products for Specialist Engineers
- Google Fights $17 Billion UK Lawsuit Over Ad-Tech Practices
- Tech Update: Aon Updates Its Pricing Platform to Enhance Underwriting Decisions
- Mexico Is Battling 159 Active Wildfires
- EU Firms’ Appetite for China Investment Sinks to Record Low
- China Construction Bank Sued in US Over Reinsurance Fraud Losses
- Three Insurers Reject Chevron’s $57 Million Claim for Iran Oil Seizure
- Hub International Acquires Certain Assets of Canada’s 2197747 Alberta Ltd.
- EU Commission Eyeing Exemptions for ‘Forever Chemicals’ Ban, Letter Shows
- Range Rover Buyers Offered Insurance Cash After String of Thefts
- Brazilian Floods Are Inflicting Billions in Economic Devastation
- The World’s Biggest Carbon Removal Plant Comes Online in Iceland
- Ardonagh to Acquire Australia’s PSC Insurance Group for A$2.3 Billion
- International General Insurance Holdings Begins Trading at Lloyd’s on May 9
- Markets/Coverages: Marsh Launches Insurance for EU Crypto-Asset Service Providers
- Worsening Weather Igniting $25 Billion Weather Derivatives Market
- Saudi Arabian Fintech Firm Rasan Plans to Sell 30% Stake in Riyadh IPO
- Typhoon Season in Northwest Pacific Seen Less Active Than Normal
- World Extends Run of Heat Records for 11th Month in a Row
- Full Repairs to Damaged Red Sea Internet Cables Delayed by Yemen Political Splits
- El Niño Sees African Union Insurance Agency Pay Out $60 Million
- Specialist Casualty MGA Casper Secures New Capacity Partners, Chaucer and TMK
- Acrisure Expands UK Footprint With Two Deals in Southern England
- Australia’s Qantas to Pay $79M to Settle Flight Cancellation Case
- EU Aims to Target 11 Russian Ships Involved in Sanctions-Busting
- HSB Opens Office in the Kingdom of Saudi Arabia
- Oil Majors Offered Faster Nigerian Exit if They Pay for Cleanup, Compensation
- Red Sea Disruption to Shipping Could Cut Asia-Europe Capacity by 20%: Maersk
- Arthur J. Gallagher & Co. Buys Health Insurance Consultants Australia
- People Moves: AXA XL Promotes O’Malley as Chief Client & Distribution Officer, Americas; GC&C Taps Puerta From QBE as Head of Mediterranean & Latin America
- Brazil Rejects Vale, BHP Settlement Offer for Deadly 2015 Mining Disaster
- Southern Brazil Hit by Worst Floods in Over 80 Years, Killing at Least 39 People
- Yemen’s Houthis Threaten Ships in Mediterranean Sea That Are Sailing to Israeli Ports
- Tech Update: Marsh McLennan Launches AI Solution to Manage Supply Chain Risks
- Israeli Cyber Security Startup Apex Gets Initial Investment From OpenAI’s Altman
- AXA’s Q1 Revenues Rise 6%, Led by P/C Business Growth
- Uber Hit With £250 Million Suit From London’s Black Cab Drivers
- AXA, Apollo’s Athora Scrap Life-Insurance Deal in Germany
- Lloyd’s Insurers Don’t Expect Large Claims From Baltimore Bridge Collapse
- People Moves: Canopius Hires CUO and CFO in Bermuda From Validus and AXA XL; MS Amlin Taps HDI’s Healy as Head of Property & Crisis Management Claims
- MS Reinsurance Gets Ratings Upgrades From AM Best and S&P
- Acrisure Acquires Scottish Broker WH&R McCartney
- Yemen’s Houthis Rebels Attack Portuguese-Flagged Ship in First Deep-Sea Assault
- Geopolitical Risks: Why Underwriters Are Watching Aggregations
- Yemen’s Houthis Attack Four Ships in Indian Ocean, Red Sea
- Ryan Specialty Completes Acquisition of Castel Underwriting Agencies From Arch
- Markets/Coverages: Relm Launches Employment Practices Cover for Capacity Demands
- People Moves: BMS Launches Global Healthcare Liability Unit, Led by Wendin From Carpenter; Gallagher Re Taps Hiscox’s Marling as UK COO
- Agile Syndicate 2427 Gets Lloyd’s Approval to Begin Underwriting
- AM Best Upgrades Rating of Hamilton Re, Hamilton Insurance DAC to “A” (Excellent)
- What Is GPS Jamming and Why Is It an Aviation Problem?
- Hungary’s Orban Comes Under Fire From German Investors Decrying Cronyism
International & Reinsurance News Archives