International & Reinsurance News for December 2017
- Fairfax Financial Sells Singapore Insurer to Mitsui Sumitomo for $1.6B
- Top Insurance Journal International Stories of 2017
- Allianz Buys 49% Stake in General Insurance Businesses of UK’s LV=
- QBE Insurance Settles Shareholder Class Action in Australia for US$103.2M
- Canada’s Alberta Province Charges Nexen Energy After 2 Workers Die in Explosion
- China’s Fosun Plans to Raise $3.2B to Boost Domestic M&A: Sources
- AIG Singapore Launches Online Motor Accident Reporting Platform
- Japan Data-Tampering Scandals Show Dangers of ‘Sacrificing Quality’ to Save Costs
- Update: Argentine Grains Hub Blast Kills One, Injures Others; Food Exports Hit
- Kobe Steel Admits 3 Senior Executives Knew About Data Falsification
- Typhoon Tembin Leaves Trail of Death, Destruction in Philippines
- Starr Cos., China’s PICC Health to Provide Insurance for Belt & Road Project Workers
- Self-Driving Technology Being Developed to Enable Driving on Snowy Roads
- UnitedHealth to Acquire Banmedica in Chile for $2.8B
- Ed Appoints Clarkson from Aon as Managing Director – Marine
- A.M. Best Affirms Allied World’s Ratings
- Reinsurance Price Hikes May Be Short-Lived as Capacity Is Abundant
- The Hanover, Chaucer Form Reinsurance Sidecar to Tap 3rd Party Capital
- Zurich Acquires Bright Box, Specialist in Telematics, Connected Car Technologies
- Hackers Target SWIFT Payments System at Russia’s Globex Bank
- China’s Ride-Hailing Firm Didi Raises $4B to Expand Overseas, Challenging Uber
- Starr Int’l Insurance Philippines Branch Names Ex-Ambassador Cuisia as Chairman
- Ironshore’s Pembroke Agency & GIC Re Get Nod from Lloyd’s to Form Syndicate
- Allianz Invests $96.6M in Digital Microinsurer BIMA
- Willis Towers Watson Places Cat Bond for France’s Covea Mutual
- Hamilton Finds Buyer for Sportscover Legacy Book
- Travelers Names Rnjak to Lead Its Lloyd’s Platform
- Neon Enters Reinsurance Run-Off Agreement for Syndicate 2468’s 2015 & Prior Years
- Factbox: Growing List of Insurers Make Brexit Plans for EU Subsidiaries
- Volante Global to Launch in Q1 2018 as Multi-Class International MGA Platform
- EU Court Rules Uber Should Be Regulated as Transport Firm, Not an App
- Swiss Re Says Global Insured Catastrophe Losses Will Hit $136B in 2017
- Travelers Selects Dublin For EU Subsidiary After Brexit
- Catastrophe Bond Managers Put Hurricanes Behind Them, Plan New Launches
- Berkshire Hathaway Specialty Names Chubb’s McGrath to New Zealand A&H Post
- Japan’s Mitsubishi Materials Reveals More Products with Falsified Specifications
- UK Employers Plan Hiring Despite Brexit Worries
- China to Require Polluters to Pay for Environmental Damage
- Is Uber an App or Transport Firm? EU’s Top Court to Rule This Week
- Navigators to Buy Belgian Specialty Insurer, Reinsurer
- New China Rules Promote Fairer, Safer Overseas Investments by Private Companies
- UK Panel Review of Grenfell Tower Tragedy Calls for ‘Cultural Change’ Around Safety
- Same Builders Win Deals to Replace Unsafe Grenfell Tower Type Cladding
- Fidelis Takes Equity Stake in New MGA Firestone Surety
- Austrian Gas Blast Caused by Seal in Newly Installed Filtering Unit: Hub Operator
- UK Keeps Top Spot in Financial Services, but Brexit Threatens: TheCityUK
- Uber’s Food-Delivery Business to Provide Insurance for Couriers in Europe
- Chubb Appoints Church as Head of International Property
- Nation-State Believed Responsible for ‘Watershed’ Cyber Attack on Industrial Plant
- La Nina Expected to Linger All Winter
- Pioneer Underwriters Gets Lloyd’s Approval to Launch Syndicate 1980 on Jan. 1
- Munich Re to Increase Shareholding in Global Aerospace to 51%
- Gibraltar Introduces License for Fintech Firms Using Blockchain
- Chubb Names French & Hill to Asia-Pacific Leadership Positions
- Scientists Blame Extreme Weather, Heat on Man-Made Climate Change
- London Police Eye Criminal Charges Related to Grenfell Tower Disaster
- UK Supermarkets Analyze Customers’ Shopping Habits to Price Insurance Products
- UK’s Bretton Woods International Gets UK Regulatory Nod, Becomes Lloyd’s Broker
- UK MGA Plum Opens Underwriting, Support Center in Basildon, England
- Factbox: More Insurers Make Decisions About Post-Brexit Headquarters
- Brit Launches Bermuda-Based Collateralized Reinsurer Sussex Capital
- BHSI Launches Financial Institution Professional Indemnity Insurance in Asia
- Insurtech Firm Quantemplate Names Lundgren as CEO; Gets £2.5M in New Capital
- Russian-Speaking Hackers Steal $10M from U.S., Russia Banks: Cyber Security Firm
- China’s Tallest Building Attracts Industry Tenants Including Lloyd’s & Allianz
- Zurich’s Acquisition of ANZ Life Unit Designed to Boost Dividends
- ING to Stop Lending to Utilities That Use Coal for More than 5% of Energy
- Vietnam Suffers Rare $1 Billion Natural Catastrophe Loss: Aon Benfield Report
- Zurich Insurance to Acquire ANZ’s Life Businesses in Australia for US$2.14B
- China’s Pension Funds Face Shortfalls as Country Struggles with Aging Population
- Insured Losses for Germany-Austria’s Storm Herwart Estimated at $337.3M: PERILS
- World Leaders Aim to Breathe New Life into Paris Climate Pact; AXA Plans Initiatives
- Validus Names Driscoll, Bilsby & Zeng to Lead New Reportable Divisions
- London Financial Industry Welcomes Brexit Breakthrough but Won’t Alter EU Plans
- Aspen Appoints Schick from Maybank as Group Chief Operating Officer
- Cyber Criminals Steal $64M of Bitcoin From Cryptocurrency Firm NiceHash
- Brit Ltd. to Relocate Gibraltar-Based Reinsurer to Bermuda
- Swiss Re Appoints Dacey as CFO, Succeeding Cole in April 2018
- Kobe Steel Hit with Lawsuits Over Data Tampering Scandal
- Australia’s IAG Forms Capital-Releasing Deals with Munich Re, Swiss Re, Hannover Re
- UK, EU Agree to Brexit Divorce Deal, Paving Way for Next Stage of Talks on Trade
- China’s Ping An Insurance Now Second Largest Shareholder in Britain’s HSBC Bank
- Global Temperatures Could Rise 15% More Than Expected: Scientists
- UK Broker THB Taps Durkan from Gallagher as Commercial & Placement Director
- UK Banks Under-Reporting Successful Cyber Attacks: Regulator
- Artificial Intelligence Startup Cytora Raises $5.9M from QBE, Starr, Other Investors
- Insurtech MGA Wrisk Gets UK Regulatory Authorization
- Swiss Re Purchases 1.1 Million Life Policies from Legal & General for $873.6M
- Allied World Appoints MacLeod as Australia Country Manager
- As China’s Financial Sector Opens, Acute Talent Shortage Could Hinder Growth
- Pool Re, UK’s Cranfield University Co-Fund Terrorism Risk Mgmt. & Resilience Professorship
- Pension Fund CDPQ Invests More Than $400M in Hyperion Insurance
- Arthur J. Gallagher & Co. Buys UK’s Gatehouse Consulting Ltd.
- Law Enforcement Must Play Strong Role to Deter Dangerous Use of Drones: IATA
- Ex-NAIC Head Huff Succeeds Kading at Association of Bermuda Insurers & Reinsurers
- Island Nations, Such as Bahamas & Jamaica, at High Climate Change Risk: Moody’s
- Self-Driving Delivery Cars, Robot Taxis ‘Will Be Ready to Roll’ in 2018
- UK Cyber Security Agency Issues Warning About Kaspersky Lab Antivirus Software
- Fire Kills 10 in China’s Tianjin Port City Where Deadly Explosions Occurred in 2015
- Two 23-Year-Old Students Win Blockchain Insurance Contest in Switzerland
- UK Auto Insurer Direct Line Offers Tesla Drivers 5% Discount if They Use ‘Auto-Pilot’
- Compre Announces Bridger & Lawson to Become Co-CEOs, Succeeding Steer
- Octo Telematics Buys Usage-Based Insurance Assets of Willis Towers Watson
- AGCS Promotes Virji to Lead UK Cyber Team; Yu from Principia Named Senior U/W
- AFL Insurance Brokers Taps RK Harrison’s Stagg to Drive Tech Innovation
- Randall & Quilter Sells R&Q Managing Agency to U.S. MedMal Insurer Coverys
- Update: Messy Brexit Could Lead to ‘Contract Continuity’ Disruption for Insurers, Banks
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