International & Reinsurance News for June 2018
- Lloyd’s CEO Beale to Exit Next Year
- FERMA, Latin American Risk Mgmt. Group ALARYS Partner to Offer Rimap Certification
- Chubb Overseas General Promotes Hardy to Executive VP, Global Energy
- Citigroup’s Mexico Unit, Chubb Announce Bancassurance Distribution Agreement
- China Formalizes Easing of Foreign Investment Curbs on Range of Industries
- Chinese Tech Firms Seek to Shake Up State-Run Health Sector with AI and Big Data
- Ticketmaster UK Reports Possible Hack of Customer Data
- Generali Likely to Start Exclusive Talks to Sell German Life Book to Viridium: Source
- Milliman Opens Office in Israel
- Auto Supplier Bosch Teams with Startup Mojio to Connect Vehicles to Digital Services
- Malaysia Expected to Give Foreign Insurers More Time to Cut Local Stakes: Sources
- China’s State-Run Insurance Funds Feel Strain of Baby Boom
- Florida-Based AssuredPartners Acquires B&W Brokers of London
- JLT FAC Taps RSA’s Melbourne as Producer; Carpenter’s Vitale as Head of Casualty
- Folgate Insurance Co. Gets UK License to Write Re/Insurance Business
- Advent Launches Political Violence Pricing & Placing Platform for SMEs in MENA
- EU Needs to Prevent Brexit Threat to Derivative Contracts: BOE’s Carney
- Swiss Re-Backed Insurer FWD Weighs IPO in Hong Kong
- Russian Hackers Planning ‘Massive Strike’ Against Ukraine: Cyber Police Chief
- Uber Granted 15-Month License to Keep Operating in London
- International Underwriting Association Publishes Brexit Contract Continuity Clause
- Old Mutual Finishes Restructuring to Focus on S. African Market
- Fine Art Theft Is Relatively Easy – but Selling Stolen Art Is Almost Impossible
- EU Will Not Ease Post-Brexit Market Access for UK Insurers, Banks: Official
- Chubb Enhances Global Cyber Incident Response Management Capabilities
- Generali Expands Stake in India’s Future Group to 49%
- Canada’s Western Financial Group Acquires Ontario Broker, Axion Insurance
- Modernization, Underwriting Systems & Brexit Top COO Priorities: Lloyd’s Market Assn.
- Thousands of UK Jobs at Risk over Slow Brexit Negotiations, Business Groups Caution
- AXA Belgium Partners with Online Car Repair Platform Fixico
- Fidelis’ MGA Firestone Rebrands to Oakside
- Australia’s Scandal-Ridden CBA Overhauls Business, Eyes Sale of Insurance Arm
- Saudi Women Finally Hit the Road as Driving Ban Ends
- Uber Girds for Court Battle to Continue Operating in London
- Most Global Organizations Fail to Learn from Cyber Mistakes: WTW Survey
- Willis Towers Watson Launches Update of ResQ Reserving Software
- U.S. Missing Out on ‘Huge Economic Opportunity’ of Climate Change Fight: Canada
- Flying Cars Soon to Be Tested in Germany
- XL Catlin Launches Specialty Aviation Insurance in Mexico
- Timeline: More Than $1 Billion in Cryptocurrency Thefts Since September 2012
- Marijuana Sales to Be Legal in Canada Starting in October: Trudeau
- Guggenheim Exploring Deal with Munich Re’s Asset Management Unit
- EU Parliament Panel Backs Stricter Copyright Rules Opposed by Tech Leaders
- Chilton to Return to Capsicum Re Later This Year After Leaving Gallagher Role
- With Ambitions to Expand (and Disrupt Allianz), German Insurer DFV Weighs IPO
- Hamilton Underwriting Taps Chubb’s Lee-Amies as Head of Treaty at Syndicate 3334
- Canada Set to Legalize Recreational Marijuana
- Sulphuric Acid Leak at Vedanta India Copper Smelter Could Damage Environment
- Tokio Marine to Acquire Thai, Indonesian Operations of IAG for $390M
- Aon Launches Updated Thai Flood Model to Support Underwriters in Market
- SoftBank Overhauls Top Management Team
- Toyota’s $1B Investment in Ride-Hailer Grab Opens Door to Data-Driven Insurance
- Hackers Steal $32M from S. Korean Cryptocurrency Exchange Bithumb
- Allianz’ CEO Seeks Big M&A – But He Doesn’t Want to Pay for It: Opinion
- B3i Chooses R3’s Corda Blockchain Platform for Development of Business Network
- UK Regulators, Lawmakers Get Tough on ‘Poor Performance’ of Big 4 Auditing Firms
- Insurer Liberty Faces Scrutiny from South Africa Regulator over Cyber Attack
- Young Consumers Willing to Let Insurers Spy on Digital Data – If It Cuts Premiums
- KPMG’s Audit Work Is of `Unacceptable Standard:’ UK Regulator
- Climate Change Lawsuits a Growing Threat: Opinion
- CEO of VW’s Audi Arrested in Germany over Emissions Cheating Scandal
- Earthquake Hits Japan’s Industrial Heartland, Causing 3 Deaths; Trains, Factories Halted
- UK Court Rules Contractor Entitled to Employment Rights in Test Case for Gig Economy
- Chilton to Step Down as CEO of Gallagher’s UK Operations; Succeeded by Matson
- South Africa Insurer Liberty Refuses to Pay Ransom Demand After Data Breach
- Russian Industrial Plants Turn to State Reinsurer to Take More Risk after U.S. Sanctions
- Germany Moves Toward U.S.-Style Class-Actions, Benefiting VW Diesel Car Litigants
- Massive Cyber Attack of UK Retailer Dixons Carphone Prompts Data Watchdog Probe
- Sompo International Launches Transaction Risk Insurance in Europe
- Global Warming Likely to Exceed Paris Agreement Cap of 1.5°C by 2040: UN
- UK MGU StartPoint Taps Liberty Specialty’s Selby to Lead Financial Institutions Team
- Insurtech Can Help Agents, Brokers Build Their Businesses: Furtado of Ratehub.ca
- Russia World Cup Insurance Premiums Rise on Risks of Terrorism, Hooliganism
- Engineering Insurance Results Deteriorate but Better Times Could Be Ahead: Swiss Re
- Cat Facility CCRIF Welcomes 2 New Members: British Virgin Islands, Montserrat
- CFC Underwriting Offers Cover for Financial Institutions, Investment Managers
- MGA Volante Obtains US$900M in Capacity to Support 9 Global Underwriting Teams
- Advent Insurance Management Launches Consultancy Division
- Winners Announced for 3rd Annual Efma-Accenture Innovation in Insurance Awards
- UK Banks Should Be on ‘War Footing’ over Rising Cyber Threats: Regulator
- Lloyd’s Lab Begins Global Search for Insurtech Talent
- UK Insurance Entrepreneur Banks Accuses Lawmakers of `Witch Hunt’ to Derail Brexit
- ING, AXA Form Digital Bancassurance Partnership, Offering Cover in 6 Countries
- UK Electronic Retailer Dixons Carphone Hit by Major Cyber Attack
- Insurers’ Big Data Plans Could Fail if They Don’t Get Basics Right: Mair of Atticus DQPro
- Lloyd’s Uses Insurable Value Data to Predict France Will Win 2018 World Cup
- Bank of Chile Hit by $10 Million Cyber Heist Using SWIFT Messaging System
- Malaysia Likely to Review Rules Requiring Cut in Foreign Insurance Ownership: Sources
- Allianz Eyes M&A Targets Zurich, Hartford, QBE, Argo and More After Missing Out on XL
- XL Catlin Adds Cyber Solution to UK Casualty Insurance Offering
- Navigators Completes Acquisition of Belgian Specialty Insurer for €35M ($41.3M)
- Markel Gets License to Underwrite Reinsurance on Lloyd’s India Platform
- Zurich Insurance Buys Minority Stake in InsurTech Startup CoverWallet
- Gallagher Acquires 65% Stake in Specialist Swiss Broker Hesse & Partner
- London Market’s Electronic Placing Platform, PPL, Now Trades Aviation Risks
- Property MGA EPUL Offers Online Terrorism Cover as Pool Re Alternative in UK
- Integro Completes Acquisition of UK-Based Lloyd’s Broker Tysers
- RTG’s Limehouse Agencies Buys Corporate Underwriting, Dublin-Based Marine Agency
- Arch Capital Chooses Dublin for Its Post-Brexit EU Headquarters
- Qatar Re to Stop Writing, Renewing Facultative Business in Dubai
- May 2018 Saw Severe Weather in Nearly Every Global Region: Aon Report
- Allianz, UniCredit Form Bancassurance Partnership in Central & Eastern Europe (CEE)
- Canada on Track to Legalize Marijuana
- Lawmaker Calls for UK to Uphold Financial Services Competitiveness After Brexit
- Here’s What’s to Expect for Global Commercial Insurance Market Growth
- Insurance Cutback Among Reasons Europeans Withdrawing from Iranian Oil Market
- XL Group Shareholders Give AXA Acquisition Green Light
- Profile: Major Growth Plans Ahead for Schinnerer Group – Now Rebranded as ‘Victor’
- London’s Grenfell Tower Fire Report Says ‘Stay Put’ Policy Failed Residents
- Firefighters Battle London Mandarin Oriental Hotel Fire
- Guatemalans Mourn as Volcano’s Death Toll Rises
- Argo Group Rebrands Newly-Acquired Ariscom to ArgoGlobal Assicurazioni
- RSA Receives Approval for Luxembourg Subsidiary for Post-Brexit EU Business
- Lloyd’s Index Shows $92B at Risk in North American Cities Each Year
- XL Catlin Names Smyth, Greavesas to Global Excess Casualty Posts
- Pembroke Syndicate 4000 Adds Cyber Endorsement to Investment Management Policy
- Chahine Named Chief Executive Officer of AXA Partners
- UK Minister Vows Financial Services to Remain ‘National Priority’ After Brexit
- Malaysia to Penalize Owners Who Don’t Replace Takata Airbags
- Cigna Reports System Error Exposed Customer Data in Asia
- Man Who Faked Relation to Grenfell Fire Victim Sentenced for Fraud
- QBE’s Lingafelter to Head Berkshire Hathaway Specialty in Australasia as Colahan Moves to UK, Europe
- Ryan Specialty Completes Acquisition of Lodestar Marine of London
- Ningen Named CEO of Swiss Re Canada
- How Carmakers Raise Prices for Spare Parts Based on ‘Perceived Value’: Reuters
- Vietnam Court Upholds Key Financial Fraud Judgment
- Caribbean Insurers Well-Capitalized Despite 2017 Hurricane Losses: A.M. Best
- Canada’s May Windstorm Insured Damage Tops $410 Million
- Climate Change at ‘Tipping Point,’ Says Europe’s Biggest Asset Manager
- European Commission Proposes Motor Insurance Reforms
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