International News

Neon Appoints Argo’s Gibson as Reinsurance & Alternative Capital Director

Neon announced it has hired Mark Gibson as Reinsurance and Alternative Capital director, reporting to Managing Director Ian Martin. Gibson is responsible for developing Neon’s outwards reinsurance program and third party capital strategy. With 30 years’ experience in the sector, …

Cyber Attack on Ukrainian Medical Facilities Sets ‘Dangerous’ Precedent: Experts

Dr. Lidiia Podkopaieva was about to click “send” on an order of new surgical instruments when her computer monitor suddenly went dark. She speed-dialed the clinic’s technician but didn’t even have time to tell him what was wrong. “We’re under cyber …

British Columbia Wildfires Continue to Rage, Torching 1,235-Plus Square Miles

British Columbia is extending a state of emergency for two more weeks as wildfires sweeping across the province’s interior show no sign of slowing. Premier John Horgan said Wednesday that his government’s first priority is to support the more than 45,000 people …

AGCS Appoints Smith as Head of Engineering, Regional Unit London

Allianz Global Corporate & Specialty (AGCS)* has appointed Paul Smith as head of Engineering, Regional Unit London (RUL). He reports regionally to Carsten Scheffel, AGCS board member and chief regions & markets officer for RUL. He also reports locally to …

Talanx Acquires Generali’s Colombian Businesses for €30M (US$34.6M)

Talanx has acquired Generali Colombia Seguros Generales S.A. and its life insurance subsidiary, Generali Colombia Vida Compañia de Seguros S.A., for approximately €30 million (US$34.6 million) Generali explained that Talanx is acquiring 91.3 percent of Generali Seguros and 93.3 percent …

Catastrophes Cost Insurers $22B in 1H 2017; Economic Losses Totaled $53B: Aon

Global insured losses from natural disasters during the first half of 2017 are estimated at US$22 billion with 76 percent of these losses generated by U.S. events, according to a report issued by Impact Forecasting, Aon Benfield’s catastrophe model development …

Daimler Recalls More Than 3 Million Mercedes-Benz Diesel Vehicles

Daimler AG moved to head off a growing crisis over emissions concerns by voluntarily recalling more than 3 million Mercedes-Benz diesel vehicles in Europe, marking the latest blow to the technology since Volkswagen AG’s cheating scandal erupted nearly two years ago. …

London MGA Nexus Acquires U.S.-Based Treaty MGA from ZON Re

Specialty insurance managing general agent Nexus Group said it has acquired the assets of Personal Accident Treaty Reinsurance MGA operated by ZON Re, a U.S. based treaty reinsurance managing underwriter and Lloyd’s coverholder. The New Jersey-based ZON Re PA Treaty …

Neon Appoints Argo’s Gibson as Reinsurance & Alternative Capital Director 

Neon announced it has hired Mark Gibson as Reinsurance and Alternative Capital director, reporting to Managing Director Ian Martin. Gibson is responsible for developing Neon’s outwards reinsurance program and third party capital strategy. With 30 years’ experience in the sector, …

Allianz Forms Online Aircraft Insurance Partnership with Insurtech Firm Visicover

Allianz Global Corporate & Specialty (AGCS) announced it has formed a partnership agreement with insurtech company, Visicover. Visicover’s existing and new aeroplane and helicopter insurance products now will be underwritten by AGCS, which also will provide claims management services. Customers …

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