International & Reinsurance News for October 2018
- QBE Canada Unveils New Leadership Team, Including Thompson as Director
- Willis Research Network Renews Partnership with Global Earthquake Model Foundation
- Ageas to Sell 33% Stake in Wealth Manager Cardif Lux Vie to BNP Paribas Cardif
- No-Deal Brexit Could Push UK into Lengthy Recession, Warns S&P
- Canada’s Manulife Seeks Dismissal of Court Case Filed by Hedge Fund
- Search Team May Have Located Main Wreckage of Lion Air’s Crashed Jet
- Update: Typhoon Yutu Pummels Philippines; Death Toll Rises from Landslides, Floods
- Global Insurance M&A Deals Total Value Soars, Volume Dips in First Half
- RenaissanceRe to Acquire Tokio Millennium Re in $1.5 Billion Deal
- UK Insurers, Brokers Applaud Government’s Decision Not to Hike Premium Tax
- RMS Lists Top 10 ‘1-in-100-Year’ Events for Asia Pacific Region
- Final Insured Loss for Germany-Austria’s Storm Herwart Rises to €264M: PERILS
- Uber Court Case in London Could Determine Future of UK’s Gig Economy
- Typhoon Yutu Slams into Philippines, Traveling Path of Super Storm Mangkhut
- AIG Appoints Bilsby from Talbot as Global Head of Specialty
- Update: Lion Air Jet Plunged at 350 Miles Per Hour Before Crash, Data Show
- PERILS Offers Windstorm Forecasting Platform in Australia, Updates Europe Service
- UK’s Ed Broking to Be Acquired by BGC Partners
- Shareholders Begin to Derail UK CEOs’ Gravy Train: Opinion
- Philippine Authorities Move People to Safer Grounds as Typhoon Approaches
- AFL Insurance Brokers Finds Good Strategic, Cultural Fit with U.S. MGA Zodiac
- Boeing 737 Max, Operated by Indonesia’s Lion Air, Crashes with 189 on Board
- Super Typhoon Yutu Threatens Philippines’ Most Populous Island
- UK Heading for ‘Acrimonious and Disruptive’ No-Deal Brexit: Fitch
- AIG’s European Restructuring Gets Nod in Final Step of Brexit Preparations
- Hartford Steam Boiler Completes Acquisition of Industrial Tech Firm Relayr
- No-Deal Brexit Would Drag UK Economy to Near Standstill: Report
- Brexit Talks on Hold as UK Cabinet Can’t Agree on Way Forward: Sources
- British Airways’ Data Breach Was More Extensive than Original Estimates
- Cathay Pacific Cyber Attack Is World’s Biggest Airline Data Breach
- Chubb CEO Says Lloyd’s Hasn’t Adapted to Changed World
- Mexico Begins Digging Out from Destruction of Hurricane Willa
- China’s Swine Fever Outbreaks Blamed on Feeding Kitchen Waste to Pigs
- Typhoon Yutu Hits Northern Mariana Islands as Strongest Storm in 68 Years
- Mexican Insurers Will Absorb Losses from Hurricane Willa: A.M. Best
- Cross-Border Insurance, Derivative Contracts May Get No-Deal Brexit Reprieve
- Australia’s AMP to Sell Life Insurance Arm at Discount, as Funds Bleed Cash
- AXA Mexico Confirms Client Information, Resources Are Safe After Cyber Attack
- Fidelis Sets Up Re/Insurer in Dublin to Prepare for Brexit; Senior Leaders Appointed
- Weakened Hurricane Willa Moves Inland from Mexico’s Pacific Coast
- Marsh Joins with Insurtech Firm Concirrus to Drive Behavioral Analytics in Marine Market
- Tokio Marine Kiln Closes Hong Kong Office
- French Insurer April Attracts Interest From Private Equity Firms CVC, KKR
- AXA Cyber Attack Prompts Mexico Central Bank to Issue Security Alert
- Australia Life Insurers Will Be Required to Publish Customer Dispute Numbers
- Insurance Linked Securities Move from ‘Alternative’ to Mainstream: WTW Survey
- CoreLogic to Buy Toronto-Based Claims Workflow Firm Symbility Solutions
- Shareholders of Singapore Reinsurer ACR Capital Eyeing Sale: Sources
- Dangerous Hurricane Willa Heads to Pacific Coast of Mexico
- Generali to Acquire Polish Asset Management Firm, Union Investment TFI
- Coordinated Global Regulation of Cryptocurrencies Needed: Circle CEO
- London Market Group to Offer Faster Solution for Coverholder Approval
- Miller Agrees to Acquire London Re/Insurance Broker Alston Gayler
- Billionaire Li’s FWD Group Nearing Deal to Buy CBA’s Indonesia Unit
- London’s Biggest Private Taxi Firm Aims to Roll Out Self-Driving Cars by 2021
- China Insurer PICC Cuts Size of IPO in Response to Collapse in Market Prices
- UK Businesses Roll Back Investment as Brexit Uncertainty Bites: Survey
- Update: Swiss Re Weighs Investment in Chinese Insurer Anbang, Say Sources
- Von Bomhard Likely to Return to Munich Re – This Time as Board Chairman
- Everest Re and Argo Report Net Catastrophe Loss Estimates for Q3 2018
- Chubb Bermuda Names Gonsalves Division President, Succeeding Clabby
- Danish Insurer Qudos Ceases Underwriting, Pending Restructuring
- Can Go-Slow Brexit Breathe New Life into Flagging Divorce Talks?
- Mad Cow Disease Confirmed on UK Farm – First Case Since 2015
- Aon Forms New Ventures Group, Led by Chief Innovation Officer Goland
- The Changing Risk and Liability Landscape: New Tech, New Loss Scenarios
- Update: Liberty Mutual Conducts Strategic Review of Pembroke Managing Agency
- UK’s May Eyes Extension of Brexit Transition Period to Unlock Impasse with EU
- Gallagher Acquires UK Commercial Broker Portmore
- RenaissanceRe Estimates Q3 Claims Costs of $155M from Natural Catastrophes
- TigerRisk Adds Retro Specialist Hughes from Aon to London Retro Team
- Swiss Re to Post ‘Large’ Q3 Losses from Italy Bridge Collapse, Natural Disasters
- Greenlight Capital Re Invests in Digital Insurance Processing Platform Click2Sure
- Hackers with Russian Ties Hit 3 E. European Companies: Cyber Security Firm
- VW’s Audi Unit Slapped with $925M Fine in Germany over Emissions Scandal
- Specialty Insurer StarStone Taps Hendrickson from Validus as CEO, Replacing Smith
- Update: Cyclone Luban Hits Yemen, Injuring Dozens, Destroying Property
- London Attracts Financial Services Investments Despite Cloud of Brexit: Report
- Flash Floods Tear Through Towns in SW France, Killing at Least 7 People
- Softbank Plans Big Push into Insurance Investments
- Canada Gets Ready for Legalized Recreational Marijuana on Oct. 17
- Brokerslink Names Fonseca, MDS Group’s CEO, as Chairman, Replacing Allard
- UK Needs to Get ‘Good and Scared’ About No-Deal Brexit: Opinion
- Singapore’s Temasek Has Held Talks to Buy Stake in China’s Anbang: Sources
- UK Cyber Security Center Blames Most Attacks on Hostile States
- Hurricane Leslie Hits Coast of Portugal, Injuring 27
- Canada’s Manulife Faces Investor Backlash over Failure to Disclose Ongoing Court Case
- AXIS Re Taps Thomas Miller’s Haugh as President, Global Mkts; Smart to Head Specialty Re
- UK Insurers, Banks Need ‘Credible Plans’ for Climate Change Risks: Bank of England
- Lloyd’s New CEO Neal Takes the Helm
- London Market’s Placing Platform Completes Product Roll-Out with Treaty Reinsurance
- Brexit Deadlock Deepens as Hopes Fade for Breakthrough During Crucial Week
- Philippines Weighs Sponsorship of Catastrophe Bond Issue
- Cincinnati Financial to Acquire London Specialty Underwriter from Munich Re
- Berlin Insurtech Startup Simplesurance Sets Sights on U.S. for Future Expansion
- Cat Facility CCRIF to Make 1st Payment of 2018/19 Policy Year to Barbados
- Patisserie Holdings’ CFO Arrested as UK Fraud Office Probes Accounting Scandal
- Indian Employers Pressured to Take More Seriously Surge in #MeToo Allegations
- Canadian Broker Network Appoints Kemp, Co-President of CapriCMW, as Chairman
- Cryptocurrency Theft Soars to $927 Million During 1st Nine Months of 2018: Report
- Update: Severe Cyclone Titli Hits Eastern India, Killing 9 People, Displacing 300,000
- Run-Off Firm Catalina Raises $700M, Forms Shareholder Restructure with Apollo, RenRe
- Natural Disasters in September Bring Costliest Damages to Date for 2018: Aon Report
- London Market Insurers’ Profits Remain Under Pressure with Excess Capacity: Fitch
- AGCS Taps Brewer from AIG, Promotes Tiplady, for UK Broker Relationship Team
- Singapore Lender UOB Reviews Non-Life, Life Bancassurance Businesses: Sources
- Brexit Divorce Talks Edge Toward Compromise but Obstacles Remain: UK, EU Officials
- Stolen Apple IDs Used by Hackers to Steal Cash, Warn Chinese Digital Payments Firms
- Brokerslink Expands in Africa with Addition of 8 Independent Brokers
- Largest African Insurer Sanlam Completes Acquisition of Morocco’s Saham Finances
- Lloyd’s Market Association Taps Ascot’s CEO Brooks as Chairman, Replacing Maidment
- UK Insurers, Businesses Urge Government Not to Raise Insurance Premium Tax – Again
- In Event of Hard Brexit, Lloyd’s Commits to Pay All Valid Claims
- UK Self-Driving Startup Oxbotica Appoints Former Uber Executive to Board
- UK Expects 5,000 Financial Services Jobs to Move to Europe by Brexit Day
- Update: China Plans to Hike Number of Financial Institutions Deemed Too-Big-to-Fail
- Aviva CEO’s Exit Shows a Board Moving Quickly to Placate Investors: Opinion
- Update: Tropical Cyclone Luban in Arabian Sea Could Threaten Oman, Yemen
- Generali Launches Cyber Insurance Function and Cyber Security Subsidiary
- AGCS Divides Alternative Risk Transfer Team into 2 Units, Led by Boyd and Hohmann
- Urgent EU Action Needed to Address Threat of Hard Brexit, Warns Bank of England
- Willis Towers Watson Appoints Thomson-Hall as Head of CEEMEA Region
- Brexit Countdown: UK-EU Divorce Talks Reach Stalemate
- Italian Freight Forwarders Eye Lawsuit After Deadly Genoa Bridge Collapse: Reuters
- Update: UK Insurer Aviva to Replace CEO Wilson as Shareholders Seek Higher Returns
- North Korean Hackers Tried to Steal $1.1B over 4-Year Period: FireEye Report
- UK Privacy Lawsuit Filed Against Google by IPhone Users Is Dismissed
- Driverless Ships Could Offer Significant Growth Area for London Market: IUA Survey
- Brexit-Related Uncertainty Begins to Hit UK Businesses: Surveys
- Urgent Action Needed to Avoid ‘Unthinkable’ Damage from Climate Change: UN
- AXA Becomes Global Insurance Partner of UK’s Liverpool Football Club
- Markel India Is Now Open for Business, Providing Specialist Facultative Reinsurance
- Israeli Risk Modeling Firm Kovrr Launches Silent Cyber Risk Identification Product
- AFL Insurance Brokers Appoints Moretti from JLT as Director of Casualty
- Final Insured Loss for Germany’s Cyclone Xavier in 2017 Estimated at €324M: PERILS
- EU Watchdogs Step Up Plans to Avert Market Meltdown from No-Deal Brexit
- Cyber Reinsurers Aim to Master the Dangers of Global Accumulation
- Aon and Fixico Offer Digital Car Repair Solution for Fleet Clients in Belgium
- MGA Ascent Underwriting Appoints Stops from Brit as Head of Cyber
- Randall & Quilter to Acquire Coffey Group’s Irish Captive
- Japanese Typhoons Put Downward Pressure on Creditworthiness of Insurers: S&P
- Russia’s Military Has Led Campaign of Cyber Attacks Across Globe, Says UK
- Canada MGA Totten Insurance Buys Lloyd’s Coverholder Anderson McTague
- RenaissanceRe Non-Committal About Shareholder’s Call to Consider Possible Sale
- UK Financial Services Regulations Unlikely to Be Relaxed After Brexit: KPMG
- Starr Insurance Cos. Appoints Vink from HDI Global as Head of Europe
- UK Venture Capital Fund Eos Makes First Two Insurtech Investments
- Iran Eyes Introduction of Insurance-Linked Securities as Alternative to Reinsurance
- Canada’s Intact Financial Not Planning to Insure Recreational Cannabis Industry
- Lloyd’s U.S. Chief Says They’re Ready to Get into Canadian Cannabis Market
- Sompo International Launches Global Risk Control Services Function
- Starr Insurance Cos. Opens Office in Oslo, Norway
- Greenlight Re Invests in Hong Kong-Based Blockchain Business
- Is the Reinsurance Cycle Dead or Just Dormant? Executives Discuss New Realities
- Aspen Insurance CEO O’Kane Issues Statement That He Will Step Down in 2019
- Cloutier to Step Down as Brit’s Exec. Chairman, with Plans to Become CEO of Aspen
- Australian Prime Minister Asks Regulator to Prosecute Bankers for Financial Misdeeds
- UK’s Tesco Bank Slapped with $21.4M Fine for ‘Foreseeable’ Cyber Attack in 2016
- Guy Carpenter Taps O’Brien from Marsh as Head of Cyber Centre of Excellence
- Airport Operators Take Action Against Rising Seas, Powerful Storms as Climate Changes
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