International & Reinsurance News

People Moves: BHSI Launches in Italy, Names Country Leader, Key Team Members; QBE Iberia Names Díaz-Guardamino as Managing Director

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and QBE Iberia. A summary of these new hires follows here. BHSI Launches in Italy, Names Country Leader and Key Team Members Berkshire Hathaway Specialty Insurance …

MGU Fidelis Partnership Completes $2B Refinancing to Support Growth Strategy

The Fidelis Partnership (TFP), the Bermuda-headquartered managing general underwriter, announced the successful completion of a $2 billion refinancing transaction. Led by Blackstone Credit & Insurance, the transaction marks a significant milestone for The Fidelis Partnership, which in January 2023 separated …

Thousands of Fires Are Burning in the Drought-Wracked Amazon

Much of Brazil is burning as tens of thousands of fires rage around the country, half of them in the Amazon rainforest. Exacerbated by a severe drought, the fires threaten one of the world’s most crucial ecosystems and are consuming …

Environmental Activist ClientEarth Sues Germany Over Pesticides Use

Environmental activist charity ClientEarth launched a lawsuit against Germany on Friday to push Berlin to implement an EU law to limit pesticide use in farming, the group said on Friday. The group said in a statement Germany was not complying …

Methane Emissions Still Rising After Pledges to Curb Pollution

Methane releases from some of the world’s major fossil fuel hubs are continuing to rise, as key polluters make little progress on pledges to curb the potent greenhouse gas. Emissions of the gas across 13 large fossil fuel basins in …

A Mercedes-Benz Fire May Cloud South Korea’s EV Transition

A Mercedes-Benz electric vehicle that burst into flames in the South Korean city of Incheon has fueled public fear over the safety of battery-powered cars in recent months. The incident saw 23 people hospitalized for smoke inhalation and left more …

Russia’s Oil Tanker Firm Sovcomflot Says G-7 Sanctions Make Oil Trade Less Safe

Russia’s state-run oil tanker company Sovcomflot PJSC said that western sanctions on ships moving the nation’s petroleum oil are only serving to heighten environmental risks by forcing some vessels out of mainstream trading. Since late last year, US, European Union …

People Moves: HDI Global Taps SCOR’s Ahn as HK Branch CEO; Amwins Global Risks Promotes Abraham as CEO, Succeeding Mathis, Who Returns to US

This edition of International People Moves details appointments at HDI Global and Amwins Global Risks. A summary of these new hires follows here. HDI Global Taps SCOR’s Ahn as HK Branch CEO, Lau Named Director APAC Network HDI Global announced …

Wefox Appoints Former Allianz Executive Mueller as CEO to End Shareholder Fight

Wefox Holding AG appointed former Allianz manager Joachim Mueller as chief executive officer, ending a boardroom battle that pit the insurance tech startup’s founders against some of its shareholders. Mueller will replace interim CEO Mark Hartigan, effective immediately, Berlin-based Wefox …

Extreme Weather Adds to Fiscal Strains in Central Europe

Just a week ago, before deadly floods swept through central Europe, the Czech Republic looked on track to become the first country in the region since COVID-19 to pull its budget deficit firmly below the 3% of GDP cap set …

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