International & Reinsurance News

Clorox Australia Fined $5.2 Million Over False Claims of Using Recycled Plastic

Australia’s competition regulator said on Monday Clorox’s local unit had been fined A$8.25 million ($5.19 million) by the Federal Court over falsely claiming its GLAD kitchen and garbage bags were partially made from recycled ocean plastic. The Australia Competition and …

Estonia Detains and Boards Russia-Bound Oil Tanker Over Insurance Status

Estonia’s navy stopped and boarded a sanctioned, Russia-bound vessel in the Baltic Sea on Friday over its insurance status and suspicions that the vessel belonged to Moscow’s shadow fleet, which facilitates the illicit trade in Russian oil. The tanker, Kiwala, …

Deadly Landslide in Indonesia’s Nickel Hub Signals Supply Risk

A deadly landslide at a top nickel-producing hub in Indonesia has heightened scrutiny of a method used to extract the battery metal from low-grade ore, spurring concern among buyers about the future of a vital source of supply. Two workers …

Hackers Breach Morocco’s Social Security Database in Unprecedented Cyberattack

Morocco ‘s social security agency said troves of data were stolen from its systems in a cyberattack this week that resulted in personal information being leaked on the messaging app Telegram. The North African kingdom’s social security fund administers pensions …

AI Weather Models Promise Super Granular, Specialist Forecasts

The weather forecasting industry has made big leaps in accuracy but has struggled with hyper-local predictions. But the proliferation of AI weather models in recent years means small, commercial firms are now developing the ability to rapidly make specialized predictions, …

Ageas to Buy UK Insurance Platform Esure for $1.7 Billion

Ageas has agreed to buy British car and home insurer esure from Bain Capital for 1.3 billion pounds ($1.7 billion) in a move that will create the third largest personal lines platform in the UK. The deal, set to be …

People Moves: Arch Insurance Taps Seip From LSM as Head of Fine Art & Specie, Europe; Berkshire Hathaway Specialty Insurance Promotes Gormley and Reddin in Ireland

Arch Insurance Taps Seip From LSM as Head of Fine Art & Specie for Europe Arch Insurance announced the appointment of Paul Seip as head of Fine Art & Specie, European Markets, with immediate effect. Seip joins Arch Insurance (EU) …

Update: UN Shipping Agency Strikes Deal on Fuel Emissions, CO2 Fees

Countries at the U.N. shipping agency struck a deal on Friday on a global fuel emissions standard for the maritime sector, which will impose an emissions fee on ships that breach it and reward vessels burning cleaner fuels. The U.S. …

Markets/Coverages: Cyber MGA Resilience Launches Tech E&O Cover in UK and EU

Resilience, the specialist in cyber risk solutions, announced the introduction of coverage for technology errors and omissions (tech E&O) in the UK and Europe, supported through a new partnership with Accredited Insurances. Resilience now offers tech E&O coverage for clients …

Hopes of ‘Brexit Benefit’ From Tariffs in UK Were Short-Lived

The US has decided – again – to upend the global trading system. With the latest raft of tariffs just beginning to kick in, and after a week in which markets worldwide fell precipitously, the Trump administration announced that it …

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