International & Reinsurance News for July 2017
- Australia’s New South Wales to Inspect High-Rise Cladding over Fire Safety
- Chinese Government Asks Anbang Insurance to Sell Overseas Assets: Sources
- Broker THB Taps Botelho from Universal Seguros to Bolster Reinsurance Team
- Dale Underwriting Gets Lloyd’s Approval to Set Up Special Purpose Arrangement
- Fosun’s Chairman Supports Chinese Government Restrictions on Overseas M&A
- Turkey’s Insurers Gear Up for Spate of Claims After 2nd Major Storm in 10 Days
- French Firefighters Begin to Contain Wildfires
- ILS Issuance in Q2 Breaks New Record at $6.3B: Willis Towers Watson
- FM Global Names Tranquillo as SVP EMEA/APAC, Johnson as VP Asia Region
- Heavy Rains Bring Flooding to Northern Germany, Forcing Evacuations
- Democratic Republic of Congo to Open $500M Insurance Industry to Investors
- Raging Wildfires on French Riviera Force Evacuation of 12,000 People
- Allianz, Insurtech Startup Flock to Launch Pay-As-You-Fly Drone Cover in UK
- Syndicate DTW1991 Names Cowell & Colville to UK, Int’l Underwriting Team
- Ironshore’s Pembroke Agency Launches Project Cargo Consortium for Lloyd’s China Platform
- Allianz Q2 Profit Rises 23% on Restructuring, Fewer Disaster Claims
- Insurer Ageas to Sell 50% Stake in Italian Bancassurer to BNP Paribas
- UK to Tighten Drone Regulations After Numerous Near-Misses in Past Year
- Australia Class Action Filed Against Toyota, Honda & Mazda over Faulty Air Bags
- UK Regulator to Extend Senior Manager Conduct Rules to All Finance Firms
- BHSI Taps AIG’s Maxwell, Chubb’s Dilley for Exec. & Professional Lines in S. Europe
- Italy’s UniCredit Reveals Massive Data Breach Involving 400,000 Bank Accounts
- UK Broker Beach Names RenRe’s Goldberg as Senior VP, Casualty Reinsurance
- The Nature Conservancy, Blue Marble Offer Microinsurance for LatAm Ranchers
- UK to Ban Sales of Fossil Fuel Powered Cars by 2040 to Cut Air Pollution
- Berkshire Hathaway Eyes Buying Stake in IRB Brasil Resseguros: Sources
- Ironshore International Names Ethirajan as COO; Retains Role as IronServe’s COO
- Aetna Acquires Bupa Thailand to Expand in Asia Health Insurance
- Australia Watchdog Examines if Recalled Air Bags Were Replaced by Faulty Devices
- AXA to Provide Accident Cover for Uber Drivers in France
- New Terror, Cyber Threats Create Coverage Gaps: CEO of UK’s Pool Re
- UK Lawmakers Eye Options for Insurers, Banks to Keep Post-Brexit Access to EU
- Q2 Insurtech Funding Rises to $1B: Willis Towers Watson/CB Insights Report
- UK Faces Future of Record-Breaking Wet Winters, Floods: New Climate Models
- Experts Examine Quake Damage on Greek Island of Kos
- Markel Names HDFC Ergo’s Mathur to Lead Entry into India with Lloyd’s Platform
- AIR Worldwide Launches Severe Thunderstorm Model for Australia
- Castel Specialty Launches Global Construction Business
- Hannover Re Completes Purchase of Lloyd’s Business Argenta
- Neon Appoints Argo’s Gibson as Reinsurance & Alternative Capital Director
- Cyber Attack on Ukrainian Medical Facilities Sets ‘Dangerous’ Precedent: Experts
- British Columbia Wildfires Continue to Rage, Torching 1,235-Plus Square Miles
- AGCS Appoints Smith as Head of Engineering, Regional Unit London
- Talanx Acquires Generali’s Colombian Businesses for €30M (US$34.6M)
- Catastrophes Cost Insurers $22B in 1H 2017; Economic Losses Totaled $53B: Aon
- Daimler Recalls More Than 3 Million Mercedes-Benz Diesel Vehicles
- London MGA Nexus Acquires U.S.-Based Treaty MGA from ZON Re
- Neon Appoints Argo’s Gibson as Reinsurance & Alternative Capital Director
- Allianz Forms Online Aircraft Insurance Partnership with Insurtech Firm Visicover
- British Columbia Wildfires Expected to Worsen; Nearly 40,000 People Evacuated
- Insurance Claims from G20 Riots in Germany Could Hit $13.8 Million
- UK Faces ‘Substantial’ Risk of Failure of Brexit Talks, Moody’s Warns
- UK’s Aviva to Sell Asia/Middle East Life Unit to Focus on Core Markets
- Ironshore Taps Berkley Re Property Treaty Execs for Pembroke’s Patria Re Portfolio
- Beazley Launches Dublin-Based Insurer to Write Non-Life Insurance in EU
- Natural Disaster Claims Drop 40% to $19.5B in 1st Half of 2017: Munich Re
- Insured Losses from Central Alberta Storm Estimated at US$23.7M
- British Columbia’s Wildfires Threaten Lumber Supplies, Force Mine Closures
- Portugal Accelerates Drone Law After 8 Close Encounters with Aircraft
- Brexit Must Be Stopped to Prevent Severe Economic Harm to UK: Former PM Blair
- Devastating S. Europe Drought Scorches Crops; Farmers Question Their Future
- XL Catlin’s Accelerate Unit Appoints Artificial Intelligence Expert from Tesco
- China’s Central Bank to Assume Bigger Role in Oversight of Financial System
- Major Cyber Attack Could Cost Global Economy $53 Billion: Lloyd’s
- Insurers Beat Other Industries on Shareholder Value – But Can It Last?
- Panel-Maker Arconic Sued in U.S. Over Losses Linked to London Tower Fire
- AXIS Capital to Launch Lloyd’s Managing Agency
- Tokio Millennium Re Names Ex-Lloyd’s Exec, Secrett, as Chief Underwriting Officer
- French Telecom Groups Eye Moves into Online Banking – and Eventually Insurance
- PartnerRe Taps Google’s Burkel as Chief Corporate & People Operations Officer
- China Regulators End Insurer Deal Spree, Favoring Risk Managers, over Risk Makers
- Hyperledger Project Releases Blockchain Code for Large Firms Building Software
- FERMA European Risk Management Certification Available Online
- Windstorm Egon’s Insurance Loss Estimate Rises to US$314.7M: PERILS
- Brexit Deal Must Protect Insurance Sector’s Benefits to UK Economy: ABI
- Chubb Appoints Bertossi as VP, Global Underwriting, Succeeding Bonneau
- Generali to Sell $50B German Life Business to Restructure in Europe: Sources
- CFC Partners With CyberScout on Specialty Lines Identity Protection Services
- Looming EU Cyber Rules to Provide ‘Shot in Arm’ for Cyber Market: A.M. Best
- RMS Launches New Models for Tropical Cyclone & Earthquake in Asia Pacific
- New Insurance Products Could Cut Natural Disaster Costs in Poorer Nations: Report
- XL Catlin Appoints AIG’s Ochsenkuehn as Head of Global Programs
- 300-Plus Canadian Wildfires Force Closures of Lumber Mills, Natural Gas Facility
- Robo Advisers Gaining as Insurance Sales Agents: Chart
- Soft Rates Begin to Hit Results – But Pain Continues at Mid-Year Renewals: Willis Re
- How Insurers Can Tap Valuable Revenue Stream Using Their ‘Data Exhaust’
- RSG Forms LatAm-Focused MGU, Capital Bay Underwriting; Ex-AIG Execs Lead Unit
- AXA Joins Growing List of Companies Committed to Using Renewable Energy
- Neon Names Novae’s Watson as Underwriter in Professional Indemnity Team
- China’s Graft-Buster Is Front Runner to Head Insurance Watchdog: Sources
- S&P Lowers Ratings of Allied World After Acquisition by Fairfax; Outlook Stable
- June Catastrophes Cost Global Economy $5 Billion; U.S. Storms Dominate: Aon
- Grenfell Tower Insurer, Protector Forsikring, Raises Claims Estimate to $65M
- UK Aims to Build Market to Insure Developing Nations Against Natural Disasters
- Swiss Re, Ping An Offer China’s 1st Mobile-Enabled Parametric Insurance Cover
- Brexit Should Preserve Free Trade for Financial Services: FCA’s Bailey
- Symantec to Acquire Israeli Cyber Security Startup Fireglass
- Swiss Re Bases Entire $130B Liquid Investment Portfolio on Ethical Principles
- Days of Cyber Insurers Avoiding Costly Claims May Be Numbered: Expert
- Ironshore International’s M&A and Tax Insurance Unit Opens Frankfurt Office
- Fairfax Financial Completes $4.9 Billion Acquisition of Allied World
- Global Premium Growth Slows in 2016 – with China as Exception: Swiss Re
- Kent to Become Willis Re’s Global CEO when Cavanagh Retires
- China’s Fosun Denies Rumors that Chairman Guo Has Gone Missing
- Could Global Warming Be Speeding Up? It’s Likely, Say Harvard Scientists
- UK Risks Losing Status as Europe’s Top Finance Center After Brexit: Report
- Ex-Swiss Re CEO Liès to Be Named Chair of Zurich Insurance, Succeeding de Swaan
- AXIS Capital to Acquire Lloyd’s Specialty Re/Insurer Novae for $604 Million
- Chubb Launches New MasterPackage Policy for Tech Firms in UK, Ireland
- The Hanover’s Chaucer Acquires SLE Holdings, Sydney-Based MGA
- Australian Women File Class Action Suit Against J&J over Pelvic Mesh Implants
- Lloyd’s Names Childs, Hiscox’s Non-Exec Chairman, as Deputy Chairman
- China to Prosecute Ex-President of People’s Insurance for ‘Corrupt Practices’
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