International & Reinsurance News for March 2016
- Beazley Provides Data Breach Response Insurance in Canada
- Markel International Launches Fintech Business Protection Cover
- Kenya Re Expects to Sell More Political Risk Cover in 2017, Boosting Earnings
- Everest Re Names Former Zurich Exec, Kerner, to Lead Strategy & Risk Mgmt.
- Zurich Chairman Predicts Improved Results; New CEO Greco Reviews Strategy
- Top Exposures Facing Global Middle Market Firms Vary by Region: Assurex Survey
- AmWINS’ MGA Unicorn Names Nightingale as CEO, Cashen as Motor Fleet U/W
- Bermuda-Based Artex Buys Hexagon Insurance PCC, to Boost ILS Capability
- Insurance Claims from China’s Tianjin Port Blasts Rise to $3.5B: Swiss Re’s ‘sigma’
- Legacy Specialist Compre Arranges Deals with QBE and German Mutual
- Japan Opens Door to ‘Fintech’ Revolution with Plans to Ease Investment Rules
- British SME Owners Develop Contingency Plans for Potential ‘Brexit’
- CEO of UK-Based Aviva Paid $8M in 2015, More Than Double His 2014 Paycheck
- AmWINS Gets Backing for Unicorn MGA from Berkshire Hathaway International
- Marketform Committed to All Current Underwriting Lines After Strategic Review
- Ironshore International Buys Sydney-Based Savannah Insurance Agency
- Fairfax Financial to Buy 33% Stake in India’s Bangalore Airport for $322 Million
- Chubb Appoints P&C Risk Engineering Leadership Team in Asia Pacific
- Carpenter Launches New Version of Client Portfolio, Risk Management Platform
- 2015 Global Insured Losses Lowest Since 2009 Despite El Niño Effects: Carpenter
- Lloyd’s Insurers Lead New Trend to Sell Legacy Portfolios: Willis Towers Watson
- Re/Insurers Must Respond to Evolving Terrorist Risk with Relevant Products: JLT
- Ageas UK Appoints Cardinus Risk Management to Provide Risk Surveys & Platform
- Chubb’s Overseas General Appoints Puleo as Head of Custom Industry Solutions
- PERILS Raises Insured Property Loss Estimate for UK Storms Eva & Frank to £578M
- PartnerRe Appoints EXOR’s Elkann as Chairman; Clarke Named CEO
- Strong Reinsurer Results Hide Difficult Business Conditions: S&P, Fitch Reports
- Fidelis Insurance Promotes Savill to Group Chief Underwriting Officer
- Update: Lloyd’s Underwriter Marketform Sells UK Med Mal Businesses to Beazley
- AIR Says Brussels Attacks Have Limited Insurer Impact; FERMA Issues Comment
- London-Based Chubb Global Markets Announces Lineup of Management Team
- Brit Leads New Commercial General Aviation Consortium at Lloyd’s
- Lloyd’s Profit Drops 30% in 2015 on Weak Prices and Lower Investment Income
- P&I Clubs Plug Shortfall in Iran Oil Cover; US Reinsurers Still Barred by Sanctions
- China’s Fosun Weighs IPO for Ironshore, Just 4 Months After Acquiring Insurer
- Risk Appetite Statements Driving Shift in Reinsurance Buying Decisions: Willis Re
- Arthur J. Gallagher to Buy Kane Group’s Insurance Management Operations
- Mauritius-Based Reinsurance Solutions Launches London Subsidiary
- Update: Explosions Rip Through Brussels Airport & Subway; Death Toll Rises
- Shipping Industry Had Safest Year in a Decade in 2015: Allianz Report
- Chubb Names Claims Management Team in Europe
- PartnerRe’s $6.9B Sale to EXOR Completed; Fitch Issues Downgrade
- ‘Brexit’ Could Cost U.K. $145B in Economic Output & 950,000 Jobs by 2020: Study
- FlyDubai CEO Defends Decision to Land Plane in Bad Weather Before Fatal Crash
- Update: AXA’s Chairman & CEO De Castries to Retire Early; Buberl Named CEO
- Zika Exclusion Now Commonplace in Cancellation Cover for Latin America Events
- Bangladesh Launches Cyber Heist Probe; Cash Packed into Manila Banker’s Car
- Fitch Upgrades Ageas’ IDR to ‘A’, Following Former Fortis Group Settlement
- Chubb Names Leadership Team for Insurance Operations in Bermuda
- Vienna Insurance 2015 Pretax Profit Down 67% on Romanian, Polish Writedowns
- Generali Q4 Profit Misses Analysts’ Estimates on Life Income; Donnet Named CEO
- Lloyd’s Appoints Garigiparthy as Country Manager for India
- Gallagher’s Agnew Named Chair, London & International Insurance Brokers’ Assn.
- Integro Acquires London-Based Broker, Croton Stokes Wilson Holden
- Update: Delta Lloyd Shareholders Approve Contested Plan to Raise $720M
- Tech Firms Warn of Growing Cyber Risks: From Medical Devices to Sex Toys
- Update: Munich Re Counters Negative Interest Rates by Boosting Cash Reserves
- IronPro Enhances Cyber, Tech Products in Canada
- Britain Raises Insurance Premium Tax to 10% to Fund Flood Defenses
- Bangladesh Cyber Bank Heist Prompts Scrutiny of Cyber Security Measures
- Marketform Exits International Med Mal, Transfers Business to Dale Underwriting
- Munich Re Expects Profit Drop in 2016 on Soft Market, Low Interest Rates
- Ping An Profit Rises 38% in 2015 on Investment Income, Jump in Life Business
- Poland’s PZU Reviews Strategy: Plans to Slash Costs, Hike International Premiums
- XL Catlin Restructures South Europe Insurance Operations; Managers Appointed
- Bank of England Faces ‘Advanced, Persistent & Evolving’ Cyber Threats
- ArgoGlobal Launches Insure4Drones, Online Portal for UK Drone Insurance
- Munich Re Names Wenning as CEO to Succeed von Bomhard in April 2017
- Telematics-Based Car Insurance Policies in UK Increase by 40%: BIBA Survey
- Court Rules ‘Bond King’ Gross Can Pursue $200M Lawsuit Against Allianz’ PIMCO
- 278 Volkswagen Institutional Investors File €3.3 Billion Suit in Germany
- Ironshore Names Alexander Head of Global Property Programs, Based in London
- Aon Launches Charter Flight Cancellation Coverage
- Delta Lloyd Remains on CreditWatch Negative, Pending EGM & Rights Issue: S&P
- Chubb Announces Retirement of Fletcher, Chairman of Bermuda Insurance Unit
- U.K. Gives Go-Ahead for Driverless Cars to Be Tested on Motorways
- Germanwings Probe Urges Change for Pilots’ Medical Privacy, License-Loss Cover
- Malware Used to Steal $80M-Plus in Bangladesh Cyber Bank Heist: Officials
- XL Catlin Appoints Greggains as CEO of Canadian Insurance Operations
- Old Mutual to Split into 4 Units as CEO Works to Reverse Flagging Returns
- Zurich Needs Clear, Simple Strategy to Rebuild Investor Trust: New CEO Greco
- Buffett’s Gen Re to Exit Operations at 6 Locations, Amid Global Reorganization
- BHSI to Expand Specialty Business into Europe; Bolt & Koehler to Lead Operations
- Generali Set to Nominate Donnet as CEO, Succeeding Greco: Sources
- U.K. Eyes Requiring Drones to Fit Anti-Collision Technology for Aviation Safety
- Update: Hannover Re Weighs Higher Dividend After Record 2015 Earnings
- Miller Hires Jones to Lead North American Wholesale & Facultative Property Book
- XL Catlin Expands Crisis Management Product Suite in UK, Asia Pacific, Germany
- Alesco Appoints Bragg to Lead Latin American Property Facultative Team
- Hiscox to Sell Hong Kong Division of DirectAsia Business to Well Link Group
- UK’s Towergate Hires Accenture to Manage IT Infrastructure Transformation
- Apple Ransomware Attack Thwarted Before Large Number of Computers Infected
- Chief Executive of Leading Romanian Insurance Company Charged with Fraud
- Ironshore Bolsters War & Terrorism Offering in Asia Pacific with Hill Appointment
- Financial Services Industry Fails to Support Women in Career Progression: Mercer
- Allianz Plans to Sue VW over Share Drop Caused by Emissions Scandal: Source
- El Niño Wreaks Havoc in February with Fiji Cyclone, Floods & Drought: Aon Report
- CNA Hardy Joins Lloyd’s China Platform
- Bank of England Governor Warns of Brexit Risks, Angering ‘Out’ Campaigners
- Specialist Lloyd’s Underwriter Marketform Announces Senior Appointments
- Sompo Canopius Names Southgate Global Head of Marine, Energy & Engineering
- Real-Time Tracking to Be Required for Aircraft, After MH370 Disappearance
- Aon Renews Shortline Railroad Excess Liability Facility
- Endurance Hires Quartly to Launch International Casualty Insurance Business
- UK’s Pool Re Renews Reinsurance Cover for Another 3 Years
- Altitude Risk Partners Appoints Audis as Senior Aviation Underwriter
- Insurers Could Find an Early-Mover Advantage from Telematics: Fitch
- Old Mutual’s Stock Gains on Reports It Will Break Up Businesses
- Zurich Insurance’s Ex-CEO Senn Received Remuneration of $6.3M in 2015
- Drone Flies Within 20 Feet of Air France Jet Above Paris; Investigation Under Way
- 200 Small Business Leaders Sign Open Letter Supporting ‘Brexit’
- A.M. Best Affirms Ratings of Beazley’s Lloyd’s Syndicates & US Insurer
- Chubb Names Product Line & Customer Segment Leaders for Continental Europe
- PERILS Reduces Loss Estimate to £662M for Floods from UK’s Storm Desmond
- Compare.com CEO Encouraged by Admiral Group’s Record 2015 Profit
- Chubb Offers ‘Cyber Enterprise Risk Management’ Solution for European Clients
- Marsh Appoints Reeve as Head of First Party Claims, UK Specialties
- Former VW CEO Was Alerted to Problems with US Diesel Emissions Tests in 2014
- Update: Delta Lloyd Rejects Demand from Top Shareholder to Delay Rights Offer
- Samarco, BHP & Vale Agree to Pay $5B in Damages for Brazil Mining Disaster
- Europe’s Insurers Turn to Risky Property Investments, in Hunt for Better Returns
- Part from Missing Malaysia Flight 370 Said to Have Been Found off Mozambique
- ‘Bond King’ Gross Accuses PIMCO of Falsely Claiming He Abandoned Firm
- Iran Still Faces Curbs on Oil Exports from Ongoing Insurance Issues: Oil Official
- Lloyd’s Underwriter Marketform Appoints Lednor as Chief Underwriting Officer
- BHSI Launches Asset Management Liability Policy in Asia
- Largest Delta Lloyd Shareholder, Highfields, Will Vote Against Rights Offer
- Iran Oil Shipping Insurance Issues Will Take 2-3 Months to Resolve: Tanker Firm
- ANV Increases Lloyd’s Underwriting Capacity for M&A Cover
- ‘Brexit’ Could Hurt Investments, Cause Regulatory Uncertainty: UK’s Direct Line
- More Than 40% of Insurers See Google as Potential Threat: Capgemini Report
- Zurich Insurance Appoints Marguin as Chief Underwriting Officer, Asia Pacific
- 5 Governments Write to China, Expressing Concern over New & Draft Laws
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