International & Reinsurance News for February 2017
- Nigeria Insurers Receptive to M&A as Economy Contracts
- Skuld Names Krøger Kjær as Head of Skuld Copenhagen, Succeeding Lehmann
- Verisk Analytics Buys UK-Based Emergent Network Intelligence
- Testing of EU Banks’ Cyber Defenses Needs Common EU Approach: Official
- Laser Attacks Pose ‘Real Threat’ to Aviation Safety: British Pilots’ Association
- Arch Re Launches Gulf Underwriting Entity to Supplement Gulf Re’s Role
- Self-Driving Nissan Car Begins Tests on Streets of London
- Asta Invests in London & Dubai Reinsurance MGA, Arma Underwriting
- Chubb Names Krishnan to Lead Global Accounts; Lakickas Is Division EVP
- Singapore Tightens Rules for Sharing Economy that Could Disrupt Asia Ambitions
- UK, Canada Regulators Sign Agreement to Help Expansion of Fintech Firms
- Intesa Abandons Plans to Buy Generali, Citing Lack of Shareholder Value
- UK P&I Clubs Consider Opening EU Outposts in Preparation for Brexit
- EU Lawmakers Call for Law Regulating Rise of Robots, Including Self-Driving Cars
- 6 Years After Fukushima Disaster, Robots Continue Search for Radioactive Fuel
- XL Catlin Launches $500,000 Fund for Scientists Researching Ocean Risks
- Third Point Re’s Berger to Step Down as CEO, Succeeded by Bredahl
- UK Suspect Arrested in Deutsche Telekom Cyber Attack
- Chubb’s Draper Jumps to Navigators to Head International Casualty
- Canadian Broker Network Names Robinson as Chairman, Succeeding Miller
- AXA Chief Rules Out Major Acquisitions Such as Generali
- Investments in Insurtech Expected to ‘Keep Booming’ in 2017: KPMG Report
- Vice Chair of State-Owned People’s Insurance Group of China in Corruption Probe
- Europe’s Windstorm Egon to Cost Insurers an Estimated US$223.3M: PERILS
- China Regulator Puts Brakes on Insurers’ 3-Year, $100-Billion Buying Spree
- EU Solvency II Rules Need ‘Tweaks,’ Not Overhaul: Bank of England
- Willis Towers Watson Plans to Acquire French Aviation Broker, OAAGC
- Allianz Officially Launches Its Moroccan Subsidiary
- Insured Losses from New South Wales’ Bushfires & Hailstorms Pass US$53.7M
- Ironshore International Hikes Capacity to $400M for Terrorism & Sabotage Cover
- AXIS Insurance Taps Beazley’s Brown to Lead London Market MGA Growth
- RSA Global Network Expands African Service by Extending Globus Partnership
- The Hanover Appoints Fowle as CEO of Chaucer Syndicates, Succeeding Slabbert
- Swiss Re Corporate Solutions Names Mazzoleni Neglén as Head of Sales EMEA
- Colombia’s Regulator Approves RMS Earthquake Model for Use by Insurers
- Cyber Attacks Remain at Top of List of Business Continuity Worries: Survey
- Carnegie-Brown Appointed as Next Lloyd’s Chairman
- Global Insurance Rate Decreases in Q4 Slowed for 4th Consecutive Quarter: Marsh
- Beazley Taps Markel’s Tewfik as Underwriter for UK Tech & Data Breach Team
- Verisk Buys Healix Risk Rating, UK-Based Medical Risk Assessment Firm
- Zurich Insurance in APAC Creates New Commercial Insurance Structure
- Carnegie-Brown to Become Chairman of Lloyd’s, Succeeding Nelson: Sources
- Allianz Posts Higher than Expected Q4 Profit; Plans $3.2B Share Buyback
- UK Plans to Trigger Brexit Negotiations in Early March: Government Sources
- Solvency II Drives Demand for Reinsurance During 1/1 Renewals: Fitch
- Hiscox UK & Ireland Launches Media & Creative Industries Product Suite
- Ukraine Blames Russian Hackers for Attacks on Power Grid, Financial System
- Marsh Announces Executive Lineup for Combined Jelf & Bluefin Business
- Markel International to Enter Surety Market in March 2017
- Brazil Uber Drivers Are Employees & Entitled to Benefits, Rules Judge
- Corporation of Lloyd’s Bans Booze During Work Hours
- Ed Announces Series of Appointments and One Departure
- UK Opens National Cyber Security Centre; MGA Sciemus Comments
- Drones Used to Improve Safety on Eni’s Oil Rigs
- Lloyd’s Sees Political Risk Insurance Opportunity in Trump, Brexit
- Colombia’s Insurance Regulator Approves Use of AIR’s Earthquake Model
- Insurer & Investor Group Urges G20 to Scrap Fossil Fuel Subsidies by 2020
- Nichols Resigns as AXIS Re’s CEO; Ekberg Named Interim Head of Reinsurance
- Miller Hires Richards (from Guy Carpenter) for Its Facultative Property Team
- NSW Bushfires to Cost Insurers at Least US$15.3M: Insurance Council
- Insurance CEOs More Concerned Than Others About Disrupters: PwC
- Intesa Consults Investors Ahead of Possible Generali Deal: Sources
- U.K. Tech Startups Weigh Moving HQs to Continent on Brexit Worries
- Neon Names AlphaCat’s Pritchard as Head of Property Reinsurance
- XL Catlin Opens Shared Services Office in Gurgaon, India
- Brazil’s BB Seguridade Expects Slower Growth as Recession Continues to Bite
- Intesa’s Interest in Generali Is ‘Strategically Questionable’: Opinion
- Sompo Canopius Re Appoints Swiss Re’s Gray as Head of P&I Reinsurance
- Uber & Ola Drivers’ Strike Paralyzes Ride Hailing Services in India’s Capital
- Undoing U.S. Financial Regulations Could Bar U.S. Firms from EU
- Nat Cats Cost Insurers $39.5B in 2016, Highest Level in 4 Years: Willis Re
- Talbot Launches Enhanced Terror Facilities for Singapore, LatAm, Dubai
- Facebook Co-Founder Leads Financing for Online Health Insurance Startup
- RSA Global Risk Solutions Launches New Structure to Enhance Client Focus
- Prem Watsa’s Fairfax to Pay $144M for New Zealand-Based Insurer
- Update: Blackstone to Buy Aon’s Benefits Outsourcing Unit
- Severe U.S. Weather During January Cost Insurers More Than $1B: Aon
- UK Moves Closer to Triggering EU Exit Talks – with Bumpy Road Ahead
- Gallagher Launches Manufacturers’ Cyber Solution to Close Coverage Gaps
- Update: Zurich Returns to Profit in Q4 2016 with Net Income of $685M
- AXIS Insurance Expands Cyber Team with Arklie and Tillett Appointments
- China Regulator Urges Insurers to Avoid ‘Reckless’ Offshore Investments: Report
- RSA Insurance Disposes of £834M ($1B) of UK Legacy Liabilities with Enstar
- BHSI Opens London Office, Expands UK & Southern Europe Team
- Argo Group Completes Ariel Re Purchase; Mather Heads Reinsurance Unit
- Tesco Bank Hack Still a Mystery – to Frustration of Other UK Lenders
- Uber Offers Guaranteed Revenue for French Drivers, Avoiding Wage Law
- Munich Re Q4 Earnings Drop to 500M Euros ($530M) on Nat Cat Claims
- How Firms Rate on Cyber Readiness and Why Some Don’t Buy Cyber Insurance: Hiscox Report
- Fairfax Expected to Raise About $500M for New Africa Fund: Sources
- 58% of UK Business Leaders Say Brexit Vote Has Taken a Toll: Survey
- Chubb Promotes Parry to Claims Director, Europe, Eurasia & Africa
- Brazil Healthcare Insurer Intermédica Prepares for IPO: Sources
- Beazley Buys Canadian Specialty MGA, Creechurch Underwriters
- Blockchain Insurance Industry Initiative B3i Grows to 15 Members
- Marsh Launches Cyber Risk & Data Breach Cover for Non-US Clients
- VW Sued by 1st Major German Firm over Diesel Scandal
- UK Firms Lack Board-Level Digital Skills to Deal with Cyber Attacks: Deloitte
- EU Should Support ‘Reasonable’ Brexit Deal for London: German Minister
- Intesa Says Possible Generali Bid Is Just One of Many Options Being Eyed
- Fire at Huge Philippines Factory Complex Injures More Than 100
- UK Motor Insurance Premiums Reach Record Levels in Q4 2016: ABI
- Allianz Agrees to Buy Remaining 33.5% Stake in Irish Subsidiary
- Allianz Has $3.2B to Spend on M&A, but ‘Disciplined’ Approach Is Needed
- Ascot Taps Hiscox Healthcare Specialists, Thompson, Williamson & Keith
- Cost of Insurance Is Top Factor in UK SMEs’ Buying Decisions: RSA Survey
- Swiss Re & SAP Partner to Develop Financial Steering & Reporting Solution
- CNA Hardy Appoints AIG’s Beelders as Head of Multinational
- Uber Suspends Service in Taiwan After Authorities Raise Fines
- RSA Insurance Invests in UK Dog Care Fintech Company, Pitpatpet
- PwC Appoints Delbridge as London Market Insurance leader
- Chubb Launches Services in Canada for High Net Worth, Family Office Clients
- JLT Re Appoints Pang as Philippines Managing Director
- PERILS Forms Alliance with CatIQ to Provide Industry Loss Data for Canada
- New Tsunami Warning System Could Add Vital Minutes of Warning for Indonesia
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