International & Reinsurance News for March 2019
- Hard Brexit Fears Rise as UK Parliament Again Rejects Prime Minister’s Deal
- AIG Exits Individual Personal Lines Business in Canada
- Swedbank Fires CEO on Growing Investor Criticism of Handling of Laundering Scandal
- Mozambique City of Beira Tried to Battle Climate Change – Then Cyclone Idai Hit
- Africa Re Joins World Bank’s IFC to Build Crop Insurance Market for Nigeria’s Farmers
- Lloyd’s Chief Risk Officer Weaver Leaving Market After 16 Years
- Chubb Bermuda Names Porter Head of Financial Lines
- Shareholder Accuses Argo Group of Illegally Appointing Two Board Members
- Brexit Political Impasse Deepens Even with Prime Minister’s Offer to Quit
- HDI Global Specialty to Launch Australia General Aviation Team, Led by QBE’s Bowes
- UK Insurers Pay Record £1 Million ($1.3 Million) Each Day for Vehicle Thefts: ABI
- SCOR Investment Partners Promotes Rostan as Head of Insurance-Linked Securities
- Neon Leads New London Political Risks Consortium, Offering $100M Limit Per Policy
- Engine Failure on Luxury Cruise Ship Blamed on Low Level of Engine Lubricating Oil
- China Pledges Expanded Market Access for Foreign Investors in Banking, Insurance
- Sayata Labs Raises $6.5M for Cyber Risk Underwriting Service
- Natural Disasters Drive £1 Billion (US$1.3 Billion) Loss at Lloyd’s During 2018
- Lloyd’s Will Name and Shame Sexual Harassers It Bans from Market: CEO
- Report Finds Rise in State-Sponsored Cyber Attacks on Financial Firms
- Hong Kong Grants Online Banking Licenses to Insurer ZhongAn, 2 Bank Joint Ventures
- Global Carbon Emissions Hit Record in 2018 on Higher Fossil Fuel Consumption
- Hamilton Hires Barrett, Garber to Fill New Leadership Slots; O’Donohoe to Depart
- Hannover Re Offers Match-Making Service for Insurtechs, Insurers Called ‘hr | equarium’
- Lloyd’s Forms Plan for Safe, Inclusive Working Environment After Harassment Reports
- African Bank Expands into Digital Banking, with Plans to Offer More Insurance Products
- Norsk Hydro Returns Major Production Division to 60% of Capacity After Cyber Attack
- Tropical Cyclone Idai Destroyed More Than $1B of Southern Africa Infrastructure: UN
- UK Parliament Seizes Control of Brexit Process from Prime Minister May
- French Activist Fund Aims to Remove SCOR CEO Kessler from Board
- UK Financial Services Firms Share Gloomiest Outlook Since 2008 Crisis: Survey
- Brazil Mining Giant Vale Warns Another Tailings Dam Could Collapse
- Willis Re Names Claims Veteran Robson as Head of London Market Reinsurance Claims
- Marsh & McLennan Clears Final Regulatory Hurdle to Close on Buying JLT on April 1
- RenaissanceRe Completes $1.5B Acquisition of Tokio Millennium Re
- Massive Explosion at Chinese Pesticide Plant Kills at Least 64
- Lloyd’s to Include Women on Governance Committee After Harassment Reports: Times
- Australia Mining Firms Report Some Impact from Cyclones as Clean Up Begins
- Cyber Insurance Specialist, CFC, Comments on Lessons of Norsk Hydro Cyber Attack
- Lloyd’s Comments on Reports of Rampant Sexual Harassment in the Marketplace
- Mullen Named CEO of Artex; McManus Becomes Chairman
- Swiss Re-Backed FWD in Talks for Biggest-Ever Southeast Asian Insurance Deal
- Northern Australia Braces for 2 Cyclones, Disrupting Mining, Shipping Operations
- Pasquesi to Become Arch’s Next Chairman, Succeeding Iordanou
- Bank of England to Issue Rules for How Banks, Insurers Should Manage Climate Risk
- EU Gives UK Prime Minister Two Extra Weeks to Avoid No-Deal Brexit
- Norsk Hydro Unit Begins Operating at 50% of Capacity After Cyber Attack
- Mozambique Flood Deaths Climb in Wake of Cyclone Idai
- Liberty Mutual Opens European Headquarters in Luxembourg in Preparation for Brexit
- UK on Brink of No-Deal Divorce with EU as Brexit Endgame Nears
- SCOR Global P/C Makes Appointments to Reinsurance, Specialty Insurance Teams
- Volvo Hopes to Deploy Sensors to Detect Drunk Drivers, Making Insurance Less Pricey
- AXA XL’s McGavick Looks Ahead to ‘The Golden Age of Insurance’
- Thinking Past the Obvious: Former CEO of XL Group McGavick Looks Back
- Norsk Hydro Using Backup Servers to Restore Systems After Ransomware Attack
- Mozambique Struggles to Deal with Devastation Wrought by Cyclone Idai
- Another Money Laundering Risk Seen Coming from Firms Providing Payment Services
- PERILS Lowers Loss Estimate for December 2018 Sydney Hailstorms to A$633M
- UK Prime Minister to Ask EU for Brexit Delay – But How Much Time Is Needed?
- Next-to-Last Flight of Lion Air’s Doomed 737 MAX Was Saved by Off-Duty Pilot
- Norsk Hydro Cyber Attack Exposes Risks of Global Supply Chain Disruptions
- Ransomware Attack on Aluminium Producer Norsk Hydro Is Similar to Other Breaches
- Ex-CEO, 7 Other Execs Blamed for $7.4B Accounting Fraud at S. Africa Retailer Steinhoff
- Floods, Earthquake Pummel Indonesia, Killing More Than 80
- Brazil’s Backlash over Vale Dam Disaster Deepens with Mine Closure, Frozen Funds
- Brexit Makes It Harder for Fintech, Financial Services Firms to Recruit Top Talent: Report
- Lengthy Brexit Delay Grows More Likely After House Speaker Torpedoes PM May’s Plans
- Update: Cyber Attack at Aluminium Producer Norsk Hydro Causes Production Outages
- BNP Paribas’ Insurance Unit Cuts Exposure to Coal on Climate Change Concerns
- Mozambique’s Death Toll from Deadly Cyclone Idai Could Top 1000
- Insured Property Loss for Northern Australia Floods Estimated at A$957M: PERILS
- Aon’s New Ventures Group Focuses on Intellectual Property with Cochrane Named COO
- Tropical Cyclone Idai Devastates Mozambique, Zimbabwe with Death Toll Rising
- BHSI Launches Professional Liability Cover for Asset Managers and Funds in UK, Ireland
- Black Boxes Show Ethiopian Airlines, Lion Air Disasters Were Similar, Says Ethiopia
- Allianz Explores Deal with Deutsche Bank’s Asset Management Arm: Sources
- France Works to Contain Fuel Spill After Italian Container Ship Sinks
- Canada Eyes Regulation of Crypto-Trading Platforms Amid Ongoing Quadriga Scandal
- Cyclone Idai Causes at Least 60 Deaths, Widespread Destruction in Mozambique
- The Strategy Behind Hamilton Insurance’s Move to Buy Pembroke, Ironshore Europe
- Italy’s Generali to Seek Acquisitions in Europe, Asia and U.S., Says CEO Donnet
- UK Lawmakers Vote Overwhelmingly to Ask EU for Brexit Delay
- Deadly Tropical Cyclone Idai Barrels Towards Mozambique
- Once Voted SocGen’s Woman of the Year, Former Exec Sues for $6M After Firing
- Ping An’s Share Buyback Can’t Recapture Its 2017 Fintech Glory Days: Opinion
- AGCS Launches Product Recall Cover for UK Auto Parts Manufacturers
- Hamilton to Buy Pembroke Managing Agency, Ironshore Europe DAC from Liberty Mutual
- Satellites Found 1st Concrete Evidence of Link Between Boeing 737 MAX Crashes
- Italy’s Generali Beats Targets, Reports 9.4% Rise in Net Profit for 2018
- UK Parliament Rejects No-Deal Brexit; Vote Planned to Delay EU Exit
- Philippines’ RCBC Sues Bangladesh Central Bank over ‘Vicious’ Cyber Heist Claims
- EU Decision to Put Bermuda on List of Global Tax Havens ‘a Setback’: Premier Burt
- Norwegian Air to Seek Compensation from Boeing for Costs of MAX Groundings
- RenaissanceRe Gets Regulatory Nod to Proceed with Tokio Millennium Re Purchase
- Update: Groundings of Boeing 737 MAX 8 Cascade Globally
- PartnerRe Restructures P/C Business, Makes Changes to Executive Leadership Team
- Brexit Chaos Continues as Parliament Again Defeats PM May’s EU Divorce Deal
- Tropical Cyclone Idai Expected to Hit Mozambique as Strongest Storm in Decade
- Luxembourg Attracts 50 Firms for Their Post-Brexit EU Headquarters
- Zurich Canada Names Steiner from RSA as Head of Property
- Europeans Join Wave of Nations Halting Boeing 737 MAX Flights; Trump Comments
- Prime Minister May Strikes New Brexit Deal – But Will Parliament Approve?
- Insurers Face Big Claims from Victims’ Families After Boeing 737 MAX Crash: Sources
- UK’s Global Aerospace Is Boeing’s Lead Insurer
- Development of Fully Autonomous Vehicles as Complex as Manned Mission to Mars: VW
- China Re Launches Renewable Energy Consortium for Offshore Wind Farms in China
- BHSI Names Heads of Marine (AXA’s Mairos) & Property (Zurich’s Mannion) in UK, Ireland
- Brazil’s Caixa Aims to Raise $3.9B via Listings of Units, Including Its Insurer: Report
- Shares of China’s Largest Property Insurer PICC Begin Their Expected Steep Descent
- Brexit Talks ‘Deadlocked’ Despite Appeal to EU for Last-Minute Concession
- Update: Ethiopia Airlines Crash Prompts Some Nations to Ground Boeing 737 MAX 8s
- H.W. Kaufman, Burns & Wilcox Canada Buy TRU Transportation Risk Underwriters
- Pool Re Funds £10M Initiative to Help UK Businesses Improve Resilience to Terrorism
- Australia Floods Cost Insurers US$635M in February: Aon’s Catastrophe Recap
- UK Businesses Confused About No-Deal Brexit Import Tariffs as Deadline Looms
- Alliant Subsidiary, Tribal First, Acquires Canada’s AFN Insurance Brokers
- Emerging Markets to Drive Global Insurance Growth over Next Decade: Swiss Re’s Sigma
- Daimler, BMW Partner to Develop Industry Standards for Autonomous Driving Technology
- Wildfires Threaten Towns in Rural Southeast Australia
- Update: Europe’s Dirty Money Could Total $1 Trillion, Says Anti-Corruption Investor Browder
- Lloyd’s Appoints Spink as Head of Global Operations
- What’s Known About Massive Russia Money Laundering Scheme, ‘Troika Laundromat’
- Lockton Hires Corrigan from JLT as Asia Chief Operations Officer
- Update – EU, UK Officials Pessimistic About Chances of Brexit Breakthrough: Sources
- The Story Behind the Aon and Willis Towers Watson Deal that Died a Quick Death
- Argo Group Becomes Member of Global Insurance Network, GBN Worldwide
- ChainThat to Launch Blockchain-Driven Re/Insurance Risk Exchange in Bermuda
- Aon Will Not Pursue Merger with Willis Towers Watson
- Travelers Canada Expands Suite of Services Offered to Specialty Insurance Customers
- AM Best Opens Office in Amsterdam as Part of Brexit Planning
- Shift Technology Raises $60M to Expand Use of AI for Fraudulent Claims Detection
- Brazil Miner Vale Fired Inspection Firm for Refusing to Certify Dam’s Safety: Prosecutors
- Update: Aon Considers Bid to Buy Willis Towers Watson
- Chubb Increases Stake in China’s Huatai Insurance Group to 26.2%
- Berkshire Hathaway Insurance Group Forms Irish Subsidiary in Preparation for Brexit
- Aon Partners with Insurtech Firm Skytek to Track Marine Risk Accumulations
- Vietnam Says ‘Drastic Measures’ Needed to Fight Spread of African Swine Fever
- Update: Crane Collapses at Eni’s Italian Offshore Oil Platform; Operator Killed
- Aviva’s CEO Needs Time for Success, but Investors Won’t Have Much Patience: Opinion
- UK’s Aviva Names Company Veteran, Tulloch, as CEO – After 5-Month Search
- China Seeks to Reach Deal with U.S. to Open Financial Sector, Despite Difficult Talks
- Environmental Disaster Unfolds in Pacific, Near Solomon Islands, as Ship Leaks Oil
- Marsh, Jardine Lloyd Thompson Agree to Sell JLT’s Aerospace Unit to Gallagher
- Legacy Acquirer R&Q Buys UK’s Nationale-Nederlanden Internationale Schadeverzekering
- Arch Promotes Executives to Innovation, Mortgage Insurance Leadership Roles
- Mystery of Quadriga’s Missing Cryptocurrencies Deepens as `Cold Wallets’ Found Empty
- UK Online Grocer Ocado Learns Lessons About Robotic Warehouses After Massive Fire
- Vale CEO and Several Senior Execs Resign After Deadly Brazil Dam Disaster
- CEO of UK Apparel Chain Resigns After Misconduct Allegations
- AGCS Names Mauthe Regional CEO for Germany, Central & Eastern Europe
- Brazil Probe into Possible Safety Cover-up by Vale Could Lead to Massive Fine
- Pool Re Completes £2.3B ($3.1B) Terrorism Retrocession Placement
- Irish Drivers Will Need Special Insurance to Enter Northern Ireland After Hard Brexit
- Allianz Offers Reputational Protection in UK to Replace Lost Profits in a Crisis
- UK Insurers, Banks to Get Regulatory Transition Period in Event of Hard Brexit
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