International & Reinsurance News for July 2018
- Lloyd’s Conducts Business Review in Wake of 2017’s $2.6 Billion Loss: Sources
- Broker Ed Appoints Jordan from Lloyd & Partners as Divisional Director, Marine
- India Weighs Comprehensive Data Privacy Bill, Similar to EU’s GDPR
- Hong Kong Insurer FWD Group Eyes Singapore Listing
- AXIS Launches AXIS Digital Ventures to Accelerate Innovation via Insurtech Partners
- UK Retailer Dixons Carphone Reveals 2017 Cyber Attack Hit 10 Million Data Records
- AGCS Taps AIG’s Davì-Greer as Regional Head of Financial Lines
- Malaysia Airlines Flight 370 Was Likely Steered Off Course Deliberately: Report
- Strong Earthquake Hits Indonesia’s Lombok Island, Killing at Least 14 People
- Chubb Partners with DynaRisk to Offer Cyber Loss Mitigation Service in UK, Ireland
- French Insurer CNP Declines to Comment About Merger Speculation
- Tropical Storm Hits Japan, Heads for Region Still Recovering from Floods
- Chubb Takes New Steps in Its Brexit Preparations to Redomicile to France
- Markel’s New German Insurer Rated ‘A’ by A.M. Best
- International Underwriting Association Issues 2nd Brexit Contract Continuity Clause
- Nigerian Regulator Triples Insurers’ Minimum Capital Requirement
- Fires, Floods & Heatwaves on 3 Continents: Blame the Jet Stream, a Warming World
- After Recent Historic Floods, Japan Readies for Typhoon Jongdari
- India’s HPCL Cancels Iran Oil Purchase After Insurer Refuses to Provide Cover: Sources
- Qatar Re Ceases Writing Business from Singapore Branch Office
- Global H1 Insured Natural Disaster Losses 40% Lower than 10-Year Average: Aon
- Insurers, Banks Warned to Prepare for Market Turmoil on Brexit Day
- Reinsurer SCOR Reports 37% Drop in Q2 Net Profit on U.S. Tax Reform
- MGA Sciemus Rebranded as Occam Underwriting, New CEO Appointed
- Brexit Is Greatest Structural Challenge Facing London Company Market: IUA Chairman
- Extreme Weather in Europe and Asia Sparks Wildfires, Floods
- Willis Towers Watson Strengthens Facultative Reinsurance Team in France
- Engineers Struggled for 24 Hours to Prevent Laos Dam Collapse; at Least 19 Dead
- UK Financial Services Sector to Remain Largely Unscathed from Brexit: Barclays’ Chief
- Chinese Acquisitions of High-Tech Firms Pose Security Risk: German Spy Chief
- Fewer Than 5,000 UK Financial Services Jobs Expected to Move by ‘Day One’ of Brexit
- China’s Fosun Weighs Acquisition of Belgian Insurer Ageas
- M&A Deals Likely to Become More Challenging as Sellers Seek High Deal Values
- Tropical Storm in Vietnam Triggers Floods, Killing at Least 20 People
- Growing Headache for Corporate Mexico: Robberies of Cargo Trains
- Sweden Wildfires Destroy More Than $100M Worth of Forested Land
- Greek Wildfires Claim at Least 74 Lives in Worst Blazes Since 2007
- UK Faces ‘Abject Future’ After Brexit, Warns Former Lloyd’s Chairman
- UK Motor Insurers to Mutualize Claims for Terrorist Attacks Using Vehicles as Weapons
- Greenlight Re’s Chief Operating Officer Belfatti to Step Down for Personal Reasons
- There Is ‘Real Risk of Brexit No-Deal by Accident,’ Warns UK Foreign Secretary
- SoftBank Eyeing Entry into Insurance, Banking in Japan
- Tokyo Prosecutors Have Indicted Kobe Steel Over Data Falsification Scandal
- Sweden Battles 50 Wildfires with Help of Firefighters Across Europe
- UK Insurance Entrepreneur Banks Denies New Allegation of Links with Russia
- UK Government Officials Identify Security Risks with Huawei’s Telecom Equipment
- Thieves Steal $10 Million of Cobalt from Vollers Group’s Rotterdam Warehouse
- Markel Licensed to Form Insurer in Germany, Securing Post-Brexit EU Access
- Strategic Blockchain: Xceedance and ChainThat Gain Critical Mass
- AXIS Insurance Promotes Randell to Head of Canada Insurance & Chief Agent, Canada
- Willis Towers Watson Board Extends Contract of CEO Haley to 2021
- Oasis Loss Modelling Framework Offered Open Source, Free of Charge
- UK Insurers, Banks ‘Must Plan for Hard Brexit’ if Transition Deal Fails: Regulator
- China’s Anbang to Sell Overseas Properties Worth $10B in Ongoing Rescue: Sources
- Generali Plans to Sell Wealth Management, Services Units for $476M
- AIG Completes $5.5 Billion Acquisition of Validus
- MGAs Working with Insurtech Firms to Bolster Customer Centricity: Survey
- Lindeboom Retires as Co-Managing Director of THB Europe, Succeeded by Borges
- Some Recreational Cannabis Products to Remain Banned Under New Canada Law
- Reinsurers, Insurtech Startups Increasingly Seek Mutually Beneficial Partnerships
- Loss Estimate for Europe’s Storm Friederike (aka DAVID) Rises to €1.7B ($2.0B): PERILS
- RMS Strengthens Asia-Pacific Capabilities in Version 18 of Modeling Software
- Munich Re CFO Schneider to Retire, Succeeded by ERGO’s Jurecka
- Industry Needs to ‘Question and Call Out’ Rogue MGAs, Says Chilton of Gallagher
- China’s Anbang Weighs Sale of Hexie Health Insurance: Sources
- Did Big Data Enable Lloyd’s to Predict France’s World Cup Win? Well, Maybe…
- UK PM’s Brexit Plans Threatened by Euroskeptics; Others Support 2nd Referendum
- NTT DATA UK to Provide Robotics Services for TMK’s Marine Transactions
- UK Retailer Debenhams Denies Cash Crunch From Cut in Suppliers’ Credit Insurance
- Sustainable Re/Insurance Industry Vital in Uncertain World: Swiss Re’s Ojeisekhoba
- U.S. Sanctions Likely to Ban Use of Lloyd’s IT Platform for Processing Iran Insurance
- Trump Apologizes to UK Prime Minister for ‘Fake News’ Criticisms of Brexit Plan
- Canadian Health Insurers Reluctant to Provide Cover for Medical Marijuana
- German Heirs Can Access Deceased Relatives’ Facebook Accounts: Court
- JLT Re Partners with Cyber Risk Modeling Platform, CyberCube
- Trump Criticizes UK Prime Minister’s Brexit Plan, Saying He Would Have Done It Better
- UK Banks, Insurers Support Global Standards for Regulation After Brexit: Watchdog
- Broker BMS Taps Gluszkiewicz from InterRISK as Director of Australian Operations
- Financial Services Industry Slams Latest UK Proposal for Post-Brexit EU Trade Ties
- AXA, XL Choose Name for Combined P/C, Specialty Operations: ‘AXA XL’
- EU Dismisses UK Concerns About Post-Brexit Continuity of Insurance Contracts
- Subrogation Management Firm SubroSmart Opens London Operations
- Europe’s Banks Move to Greener Finance in Response to Climate Change Risks
- Diversity & Inclusion Help Drive Business Success: People Development Team
- UK Regulator Warns Insurers, Banks About Responsible Use of Customers’ Big Data
- All Those World Cup Headers Could Throw Players Off-Balance
- Riley Appointed Head of RSA’s Operation in Dubai International Financial Centre
- Lloyd’s Launches Digital Distribution Platform Called ‘Lloyd’s Bridge’
- Facebook Faces £500,000 Fine in UK over Cambridge Analytica Data Privacy Violations
- Willis Towers Watson Releases New Version of Radar 4.1 Pricing Software
- Blockchain Is Tech Evolution That Will Create Re/Insurance Revolution: B3i’s Marke
- Canada’s Fineqia International Takes Stake in Blockchain Startup Black Insurance
- Amazon Plans Global Disruption of Health Care Marketplace
- Females More Likely Than Males to Engage in Distracted Driving
- Zurich’s Flood Resilience Alliance Extended to Generate Additional Funding of $1B
- Lloyd’s Broker Endeavour Appoints Allen from Howden as CEO Designate
- Canada’s Evergreen Pacific Insurance Corp. to Buy Natural Health Provider Synergy
- Facebook in Australia Faces Potential Class Action Suit over Data Privacy Breaches
- Taiwan Prepares for Typhoon Maria, Forcing Cancellation of 250 Flights
- China’s Anbang Insurance Eyes Sale of Fidea, as 1st European Divestment: Sources
- AXA Liabilities Managers Acquires Gothaer Re Run-Off Portfolio
- Travelers Europe Launches Stand-Alone Cyber Product for UK, Ireland Businesses
- Arthur J. Gallagher & Co. Acquires Australia Broker Milne Alexander
- Super Typhoon Maria Heads Toward Taiwan, Spurring Extreme Weather Warnings
- UK’s Top Brexit Officials Resign, Creating New Uncertainties for Business
- Historic Rainfall, Floods in Japan Kill More Than 100; Some Factories Halt Operations
- Brexit Begins to Hit UK Financial Services as EU Counterparts See Big Gains: Study
- Beryl, Season’s First Hurricane, Weakens; Caribbean Islands, Puerto Rico Face Uncertainty
- Global Insurance Premiums Rise by 1.5% in 2017, Driven by Emerging Markets: Swiss Re
- Financial Markets’ Volatility Will Hit Allianz’ Fund Business, Warns Board Member
- Beazley Taps Hawthorne, Formerly with Guarantee, as Territory Manager for E. Canada
- South Africans Overpaying Healthcare with Limited Competition to Blame: Watchdog
- Planck Re, a Commercial Insurance Data Platform Startup, Raises $12M
- Aon Names Matson to Lead New Global Portfolio Broking Team
- World’s Largest Tech Companies May Be Violating EU’s New Data Privacy Law
- UK Insurance Sector Launches ‘Inclusive Behaviours Pledge’ to Build Diversity
- UK Financial Firms Need ‘Plan B’ for Inevitable Disruptions from Cyber Attack: BOE
- Modi’s Plan to Provide Health Insurance to Half a Billion Indians Hits Serious Hurdles
- Generali Agrees to Sell German Life Unit, Valued at $1.2B, to Viridium
- Allianz Plans $1.16B Share Buyback Amid Abundance of Capital
- TMK Launches $100M Intellectual Property Facility with Aon, Lloyd’s Syndicates
- Insured Losses for Europe’s Storm Burglind/Eleanor Rise to €724M ($842.3M): PERILS
- Almost Half of South Asia Vulnerable to Climate ‘Hotspots’: World Bank
- Legacy Acquirer DARAG Taps Booth from Randall & Quilter to Become Group CEO
- XL Catlin Is Lead Investor in $16.5M Financing for Israeli Maritime Risk Analytics Firm
- Swiss Re No Longer Offers Re/Insurance to Firms with More Than 30% Coal Exposure
- Momentum for Rate Hikes Dissipates During June/July Renewals: Willis Re Report
- AFL Insurance Brokers Acquires Majority Stake in Employer Protection MGA
- 4th Dive-In Diversity & Inclusion Festival to Be Held Sept. 25-27 in 50-Plus Cities
- Neon Launches Copenhagen-Based Marine Business, Orca
- Fidelis Appoints Creagh-Coen from Lancashire as Head of Strategic Relationships
- Luxembourg Runs Low on Large Offices for Insurers, Banks Seeking Post-Brexit HQs
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