International & Reinsurance News for January 2017
- H.W. Kaufman, Burns & Wilcox Canada Buy XN Canada Private Client Services
- Re/Insurers Can Help Bridge Protection Gap with Technology: GA Report
- Integro Appoints Abraham and Gregory to UK Financial Institutions Group
- New Head of Allianz’ PIMCO Takes on $2 Trillion Challenge with Gusto
- Cat Simulations Test London Insurers’ Vulnerabilities to Next ‘Big One’
- Telematics-Based Car Policies in UK Exceed 750,000 for 1st Time in 2016
- Intesa’s Generali Gamble Carries Risks for Predator and Prey
- AXA UK’s Travel Insurance Will Cover People Denied Access to US
- Skuld Appoints Knighton as Head of Marine Cargo & Marine Property
- Allianz Weighs Acquisition of Australia’s QBE: Sources
- Canada Pension Fund OMERS to Invest $1B in Fairfax’s Allied World Purchase
- Europe’s Firms Face Potential ‘Perfect Storm’ of Cyber Threats: MMC Report
- French Insurers & Bankers Aim to Beef Up Fintech Investments
- Sompo Canopius Names CNA’s O’Riordan as Head of International Property
- Aon Plc’s Group President McGill Steps Down
- UK Regulator Calls for New Regime Providing Open Access to Global Markets
- Brit Launches Lutine Yacht Consortium with Capacity of $250M
- Hiscox Launches Security Incident Response Policy for Crisis Support
- Insured Loss Estimate for Italy’s October Quakes Hits $134.2M: PERILS
- XL Catlin Appoints Karna as Chief Data Officer
- Intesa’s Interest in Generali Merger Has ‘No Obvious Logic’: Opinion
- Cat Bond Issuance in 2017 Could Approach Record Levels: Aon Report
- Chubb Taps Allied World’s Müller as Property & Technical Lines Director, Europe
- Canada Pension Fund to Commit $1B to Fairfax’s Deal with Allied: Sources
- W.R. Berkley Suspends Marine Underwriting in London: Sources
- Intesa Sanpaolo Bank Confirms It Is Eyeing a Merger with Generali
- Beazley Taps AIG’s Tigleanu as Data Breach & Information Security U/W
- 1/1 Renewals Saw Some Price Stabilization, Record Capital, Demand Uptick: JLT Re
- Parliament’s Approval Required to Trigger Brexit Talks: UK Supreme Court
- StarStone Partners with Dubai-Based MGA; Swiss Re’s Hussey Appointed
- TMK Launches Unmanned Aerial Systems Cover via Its Online Platform
- Neon’s M&A Consortium Raises Capacity to £75 Million
- Group Offers Insurance for Freelance Journalists Assigned Anywhere, Including in War Zones
- Samsung Details Causes for Galaxy 7 Fires; Clyde & Co. Comments
- Opinion: Does an Allianz-Generali Merger Make Sense? Perhaps Not…
- Verisk Analytics Buys UK-Based Arium, a Liability Risk Modeling Firm
- Swiss Re to Open a Reinsurance Branch in India
- XL Catlin Gets Approval to Open Reinsurance Branch in India
- Allianz, Intesa Sanpaolo Eyeing Generali Deal: News Report
- Business Leaders Urge New Job Policies as Technology Displaces Workers
- Fairfax in Talks to Sell 25% of India’s ICICI Lombard, Worth Up to $1B
- International Insurance Society Forms Global Certification Program
- Brexit Cost Implications to Weigh on UK Re/Insurers: A.M. Best Report
- Soft Market Is Main Factor Limiting Growth of UK MGAs: Survey
- Platt Named COO of Aon Risk Solutions; Moran Is CEO of Aon Inpoint
- Lloyd’s to Open India Branch Ahead of April Renewals
- Zurich to Cut 240 UK Jobs as Life, General Insurance Arms Combine
- Aon in Talks to Sell Benefits Outsourcing Division: Reuters
- Skuld Purchases SMA/Gerling Norway, Now Renamed Skuld Marine Agency
- Canada’s Energy Firms at Risk from Cyber, Bomb Attacks: Security Service
- Allianz & Standard Chartered Form Bancassurance Partnership in Asia
- Global Temperatures Hit Record High for 3rd Year in Row in 2016
- XL Catlin Appoints Middleton to Manage Ceded Reinsurance Placements
- White Mountain’s OneBeacon Reported to Be Up for Sale
- Aon Launches Loss Estimating Risk Tool for Oil, Gas and Petrochemical Sectors
- Hunt Called Off for Missing Malaysia Airlines Flight 370
- Aon Completes Acquisition of Brazil Health & Benefits Firm, Admix
- UK’s Legal & General Plans to Disclose CEO-to-Employee Pay Ratio: Source
- Allied World Taps Zurich’s Beazleigh as VP, Professional Liability, Australia
- China Plans to Lower Restrictions on Foreign Investment in Financial Services
- Lloyd’s Moves Closer to Forming EU Subsidiary to Prepare for Brexit
- 26% of Natural Disaster Economic Losses in 2016 Were Insured: Aon Benfield Cat Report
- Britain to Seek ‘Hard Brexit’: UK Prime Minister May
- Strong US Dollar Is Biggest Risk Ahead for 2017: Allianz’ El-Erian
- Zurich to Cut Spending on Large Tech Projects as Part of Cost Saving Plan
- Beazley Joins Markel Livestock Consortium as 5th Member
- Global Marine Insurers Develop Coverage Options for Iran Oil Exports
- BHSI Wins License to Write Reinsurance in Malaysia
- Airbus Vows Self-Piloted ‘Flying Car’ Prototype by End of 2017
- U.S. and EU Reach Agreement on Insurance Regulation
- Chubb Global Markets Names Novae’s Clarke as Senior Casualty U/W
- Renault Is Investigated for Suspected Emissions Cheating: Source
- Beazley Launches Pleasure Craft Cover on E-Trading Platform
- Fidelis Group CFO McConachie to Resign from Role in January 2018
- Supply Chain Risks Underinsured in APAC: Zurich Insurance/BCI Survey
- Robo-Insurance Agents? Bring ‘Em On, Phygitally, Say Consumers
- Reinsurance Capacity Still Outpaces Demand Growth: Aon Benfield
- Gaps in Insurance Cover Expose Shipping Firms to Cyber Risks
- PwC Names Bichard as UK Insurance Leader, Succeeding Howe
- UK Financial Services Sector Drops Demand for Post-Brexit Passporting
- Business Interruption Remains Top Corporate Concern in 2017: Allianz
- Social Polarization, Inequality Raise Potential for Risk, Disruption: WEF
- Hamilton Re Names Xuber’s Isaly as SVP, Head of Information Systems
- XL Catlin Launches Environmental Solution in Ireland
- BHSI Enters Canada Marine Market; Chubb’s Rider Tapped as Sr. U/W
- 2017 Cyber Risks to Intensify as Hackers Become More Cunning: Report
- Trade Credit Coverholder, Equinox Global, Names Jackson as Credit Analyst
- India to Open High-Tech Financial Hub for Banks, Insurers
- Aon Launches Solution to Help Firms Manage Brexit Risks, Opportunities
- Canada’s CMW & Capri Insurance Services Announce Merger
- Unfettered EU Access Must Be Priority of Brexit Talks: Report
- Is Soft Market Bottoming? A.M. Best Points to Some Promising Signs
- ICAT Syndicate 4242 & Neon Partner to Underwrite Large U.S. Property
- UK Legal Action Launched Against Volkswagen over Emissions Scandal
- China in Midst of Insurtech Boom: Opinion
- BRIT Renews, Expands Bermuda-Based SPV Versutus
- Compre Buys Re/Insurance Run-Off of UK Branch of AG Insurance
- Canada’s 2016 Nat Cats Bring Record Insured Damages of $3.7B
- Randall & Quilter Acquires Captive Insurer Clariant Insurance AG
- Decline in Reinsurance Prices Slowed at January Renewal: Carpenter
- QBE’s Pryce Appointed to Lloyd’s Franchise Board, Succeeding Furlonge
- Korean VW Executive Sentenced to Jail for Role in Emissions Scandal
- Fairfax in Talks with OMERS to Help Finance $4.9B Allied World Takeover: Source
- H.W. Kaufman’s Cranbrook Underwriters Relocates London Office
- Hub Int’l Buys Canada’s Mainline Insurance Brokers & Affiliated Firms
- Taiwan’s $2M ATM Theft Linked to Europe’s ATM Heist: Cyber Security Firm
- Collinson Group Names Munich Re’s Basu as Chief Underwriting Officer
- China Regulator Proposes Insurer Ownership Limits to Curb Risky Investments
- Uber Drivers Are Employees, Not Freelancers, Says Swiss Insurance Agency
- Economical Completes Purchase of Canada’s Largest Pet Insurer
- Israeli Government Opposes Sale of Insurers to Chinese Investors: Source
- RenaissanceRe Forms Special Purpose Insurer Fibonacci Re
- Ryan Specialty Group Buys Navigators’ Agency Operations in Sweden, Denmark
- Global Natural Catastrophes Cost Insurers $50B in 2016: Munich Re
- Swiss Re Corporate Solutions Names Schmaler as Head of MENA
- Marsh Completes Acquisition of Bluefin Insurance from AXA
- Markel International Taps XL Catlin’s Godfrey as Head of Cargo
- Reinsurers Can Expect Another Difficult Year, Seeking Price Stabilization: Willis Re
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