International & Reinsurance News for August 2017
- India’s Financial Hub Paralyzed by Torrential Monsoon Rains; Death Toll Rises
- Marsh Names Nayler, from Aon, to Lead Financial Institutions Industry Practice
- China’s Fosun to Continue ‘Genuine’ Overseas M&A
- Ascot Launches Specialty MGA, Vertical Underwriting Managers
- Robot-Car Drives in Berlin Traffic Like Nervous Teenager with Learner’s Permit
- Former Marsh Executive Bob Newhouse Dies on Aug. 26
- Global Study Finds No Increased Lung Cancer Risk for Hard Metal Workers
- Allianz Acquires Nigeria’s Ensure Insurance to Expand in Key African Market
- Personal Lines Startup Sherpa Raises $2.3M for UK Launch
- UK Insurers Face Looming Brexit Deadline to Move Contracts with EU Clients
- Banks Seek More Insurance Protection Against Cyber Attacks, Rogue Traders
- Fidelis Names Novae’s Burford as Chairman of Specialised Risks in London
- Toyota Makes Strategic Investment in Grab, SE Asia’s Leading Ride-Sharing Firm
- AXIS Capital’s $611.5M Acquisition of Novae Approved in Shareholder Vote
- IGI Appoints Jabsheh as Executive Director, IGI UK, in Expanded Company Role
- Insurers Will Easily Swallow Harvey’s Claims but Growing Climate Risk Predicted
- Schwarzenegger to Raise Awareness of UK’s Payment Protection Insurance Scandal
- Uber Provides Free Accident Insurance for More Than 450,000 Indian Drivers
- Lloyd’s Insurers’ Stocks Fall on Possible Claims from Hurricane Harvey
- Ironshore’s Singapore Branch Introduces Legal Event Expense Cover
- Compre Acquires Legacy Portfolio from Noway’s Gjensidige Forsikring
- Typhoon Hato Will Have Limited Financial Impact on Macau Insurers: A.M. Best
- How Hurricane Harvey Is Affecting Catastrophe Bonds
- Gallagher Appoints Bluefin’s Hogg to Lead Scottish Operations
- Insured Losses for August 2016’s Italy Quake Revised Upward to $127.4M: PERILS
- Germany Pioneers Ethical Guidelines for Operation of Driverless Cars
- UK Economy Begins to Feel Brexit Pinch – or Perhaps Brexit Punch
- AXIS Sweetens Offer for Lloyd’s Specialty Carrier Novae to $611.5M
- CNA Hardy Appoints IMIU’s Fryer as Class Manager, Mining Specialist
- Airbus A350 Operators Must Upload Software Fix to Prevent Risk of Explosion
- Declining Life Expectancy Shrinks Deficits of Corporate Pension Plans: Opinion
- UK Financial Services Sector Seeking ‘Ambitious’ Brexit Trade Agreement
- Mitsui Sumitomo Buys Singapore’s First Capital Insurance from Fairfax for $1.6B
- PERILS Insured Loss Estimates for Storm Thomas Unchanged at $293.2M
- Chubb Taps Allianz’ Gschossmann as Head of Financial Lines
- NexAssure to Launch MGA for Europe, Middle East Business
- Australia’s CBA Threatened with Large Class Action over Money Laundering Charges
- Severe Typhoon Hato Lashes Hong Kong; Flash Flood Warning Issued
- Russian Female Flight Attendant Sues Aeroflot for Discrimination
- Europe’s Cities Resist Use of Security Infrastructure Despite Vehicle Terror Attacks
- Chinese Venture Capital Firm, Sinovation Ventures, Boosts Investment in AI
- Ascot Launches P/C Reinsurance MGA: Ethos Specialty Insurance Services
- Typhoon Hato Intensifies as It Heads to Hong Kong
- Verisk to Acquire London-Based Complex Data Software Firm Sequel
- JLT Re Taps Bardon as Bermuda Partner, Working with Industry Loss Warranty Team
- Indian IPOs Headed for Record Year as Insurers Seek to Raise Funds
- QBE H1 Profits Rise 73% on Australia/N. Zealand Rate Hikes, N. America Growth
- A.M. Best América Latina Chief Resigns; Keenan Assumes Interim Role
- Global Insured H1 Losses from Natural, Man-Made Disasters Were $23B: Swiss Re
- XL Catlin Taps Willis Towers Watson’s Piper as UK Client & Distribution Director
- Group Led by Yunfeng Financial to Buy MassMutual’s Asia Unit for $1.7B
- UK-EU Post-Brexit Trade Deal ‘Desirable but Not Essential’: Report
- 5 Suspected Terrorists Shot Dead by Police After Barcelona’s Deadly Attack
- Update: Vehicle Plows into Barcelona Pedestrians with 13 Dead, 50 Injured
- NotPetya Cyber Attack Cost World’s Biggest Container Shipping Line up to $300M
- Swiss Re Corporate Solutions Forms Global Contingency & Sports PA Team
- China’s Ping An Reports Biggest Half-Yearly Profit in Decade
- Bayer-Backed Health Startup, Medopad, Seeks $30M in New Funding: Sources
- 4 European Reinsurers Maintain Pricing Discipline in Tough Market: Fitch
- Greenlight Capital Re Names Belfatti to New Role of Chief Operating Officer
- Key to Good Leadership: Honest Self-Appraisal – Part 2, Catlin Interview
- Global Insurance Renewal Rates Fall for 17th Quarter in Q2 2017: Marsh
- China to Further Open Its Economy to Foreign Investments in Insurance, Banking
- Taiwan Power Crisis a Growing Concern for Local Industry: Opinion
- Taiwan Power Outages Disrupt Some Semiconductor Manufacturing
- Industry Relevance and Expertise ‘Ours to Lose:’ Catlin
- Canada’s Economical Names Dunbar to Lead Its Digital Direct Channel, Sonnet
- UK Seeks Interim Post-Brexit Transitional Deal with EU
- Reinsurers More Likely to Report Natural Disaster Underwriting Losses: S&P
- Blockchain Used as Settlement Mechanism for Cat Bond with Parametric Trigger
- UK’s Dithering Over Transitional Brexit Deal Must Stop: Opinion
- Uber Improves Work Conditions for UK Drivers Including Tipping via App
- Climate Change Altering River Flood Patterns in Europe: Study
- Container Ship Runs Aground at Antwerp Port, Blocking Traffic
- European Egg Scandal Widens
- Arctic Thaw to Help Russian Ships Navigate New Route to Asia
- Cyber Spies with Possible Russian Links Targeted European Hotel Guests: FireEye
- Reinsurers Invest in Fintech Startups to Diversify and Grow in Soft Market
- Zurich Reports 21% Hike in Net Income as Restructuring Program Takes Hold
- UK Hikes Estimate of Pesticide Contaminated Eggs; No Public Health Risk Expected
- QBE Appoints Chubb’s Kurinsky as Malaysia CEO
- Global Insurance M&A in H1 Drops to Lowest Point in 2 Years: Clyde & Co.
- RSA Names Former Aspen Executive Khaitan as COO for Global Risk Solutions
- Novae Group Appoints Beazley’s Cragg as Chief Operating Officer
- Franklin Briefly Becomes Atlantic Basin’s 1st Hurricane; Weakens to Tropical Storm
- European Egg Contamination Is ‘Criminal’: German Agricultural Minister
- Demand for Cyber Insurance in China Expected to Rise After WannaCry Attack: AIG
- Asia Floods Bring Economic Damages of More Than $10B in July: Aon Report
- Chubb UK & Ireland Promotes Savvas to Head of Professional Indemnity
- Shell Plans to Restart Europe’s Biggest Oil Refinery After Recent Fire
- Post-Brexit Implementation Period ‘Desirable’ for UK, EU Firms: Bank of England
- London Market Launches Data Capture Service Designed to Cut Data Re-Keying
- Markel Taps Sompo Canopius’ Holcroft as Contract Frustration & Political Risk U/W
- Generali Agrees to Sell Panama Business to ASSA for US$172 Million
- Tropical Storm Franklin May Become Atlantic Basin’s 1st Hurricane of 2017
- Aon Agrees to Buy Dutch Broker Unirobe Meeùs Groep from Aegon for $347.9M
- UK Businesses Struggle to Hire ‘Brightest & Best’; Recruiters Blame Brexit Vote
- Canada’s Economical Offers Cyber Cover for Business Losses After Data Breaches
- Egg Contamination Leads to Widespread Cull of Hens in Europe
- World Bank Catastrophe Bonds to Provide Mexico with Disaster Cover of $360M
- Catastrophe Bond Market Breaks New Records in 2nd Quarter, 1st Half: Aon Study
- Blenheim Syndicate 5886 Taps Talbot’s Cutts to Develop New Reinsurance Unit
- Travelers Completes Purchase of UK Small Business Insurer, Simply Business
- Cyber Attacks Against Ships’ GPS Systems Prompts Return of Radio as Backup
- Thailand Floods to Cost Estimated $300M in Economic Damages; 23 People Dead
- AIG Discloses It Could Face Claims from London’s Grenfell Tower Fire
- Allianz’s PIMCO Reports Record Q2 Inflows of $62B in Ivascyn-Driven Turnaround
- Arthur J. Gallagher & Co. Buys Canadian Broker GPL Assurance
- Chubb’s Claims Team Taps Scheidegger, Latter from Zurich; Promotes Smith
- Fire Sweeps Through Dubai’s Tallest Residential Tower – Its 2nd Incident in 2 Years
- Report Calls out $361M of Euro Insurer Assets in Expanding Coal Concerns
- SoftBank Invests in Online Startup Lender Kabbage (Which Might Sell Insurance)
- UK’s Aviva Reports 11% Rise in H1 Operating Profit to $1.94 Billion
- JLT Re Appoints Ed’s Gray as Cyber Treaty Specialist, London & International Team
- AXA’s H1 Net Income Rises 2% to $3.9B, Beating Expectations
- China’s Move to Curb Overseas Deals Designed to Avoid Japan-Style Bust
- Update: Cyber Attacks Start to Hit Earnings of Global Companies
- XL Catlin Offers Cyber & Data Protection Policy in Asia Pacific
- Weakening Typhoon Noru Could Hit Japan This Weekend
- Guy Carpenter Names Gallagher CEO of Asia Pacific Region; Jones Is Chairman
- Brexit Transition Period Crucial to Protect London as Financial Center: UK Lawmaker
- Fired Chairman of UK’s AA Plc Has ‘Mental-Health Issue,’ Says Son
- Neon Taps Boorman from Probitas Syndicate 1492 as Head of Financial Lines
- Transgender Chinese Man Wins Groundbreaking Job Discrimination Lawsuit
- UK’s AA Plc Fires Executive Chairman Mackenzie for `Gross Misconduct’
- Climate Engineering Companies Aim to Curb Global Warming with Science
- Shell Closes Most Units at Netherlands Refinery After Fire
- BHSI Opens Dublin Office, Names MS Amlin’s McNamara to Head Operations
- Quick Selldown of Anbang’s Overseas Assets May Prove Difficult
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