International & Reinsurance News for June 2019
- Bayer Shareholders React Positively About Plan to Resolve Glyphosate Lawsuits
- Specialist Re/Insurer Apollo Taps Steeds from XL Catlin as Political Risk U/W
- S. Africa Insurer Discovery Opens Bank, Challenging Traditional Lenders
- JBA Risk Management and FloodFlash Launch Parametric Flood Policy in UK
- Blast of Hot Air from Sahara Triggers Record Heatwave Across Europe
- China Creates Insurance Group to Take Over Troubled Insurer Anbang
- Global Insurance Accounting Rules Under IFRS17 to Be Amended
- Wegener to Succeed Willaert as President of FERMA
- Sweltering Heatwave in Germany Sparks Wildfires, Forces Speed Cut on Autobahn
- Moody’s, Israel’s Team8 to Offer Business Cyber Risk Benchmark for M&As, Insurance
- Higginbotham Named Swiss Re’s CEO Reinsurance Asia, Replacing Plunkett
- Swiss Re’s UK Unit ReAssure to Be Valued at up to $4.2B in IPO
- AIR Expands Europe Inland Flood Model, Updates UK Storm Surge Analysis
- BHSI Names QBE’s Walker as UK Head of Customer and Broker Engagement
- Arthur J. Gallagher to Acquire Minority Stake in Prague-Based Broker Renomia
- Telecoms Have Lost Vast Data to Chinese Hackers Over 7 Years, Security Firm Says
- Chubb, Hiscox, Tokio, Other Lloyd’s Underwriters Form Innovation Facility to Insure Emerging Risks
- Ex-AIG Employees, Seeking Back-Bonuses of $100M, Win British Court Ruling
- Specialty Broker Ed Expands to Bermuda
- Tokio Marine Puts UK Insurer into Run-Off, Now Focusing on Lloyd’s Business
- Insurance for Middle East Oil Shipments Soars to More Than $500,000
- Santander Pays $1.1B to Replace Allianz with Aegon, Mapfre in Spain Joint Venture
- Tokio Marine Looking for Insurance Acquisitions in Asia, Other Markets
- Lloyd’s Suspends Broker Over Harassing Email
- Liberty Mutual Re Taps Voges from AXA as Senior Marine & Energy Underwriter
- As Lloyd’s Jettisons Some Marine Insurance Lines, Opportunities Created for Rivals
- AXIS Re Hires Hands from CNA Hardy as Head of Australia
- UK’s Legal & General Is Divesting Exxon Shares Over Climate Change
- Dutch Insurer Weighs Cutting Cover for Gambling, Arms, Nuclear Power
- Investigation Uncovers Mystery of Quadriga’s Missing Cryptocurrencies Worth Millions
- Oil Shippers Continue Sailing Through Strait of Hormuz – with Heightened Security
- Hamilton Re Sponsors Issuance of Its First Cat Bond
- Intel’s Mobileye Aims to Launch Trial of Self-Driving Cabs on Israeli Roads in 2020
- 2 Ex-AIG Employees Win $10M in France, Ahead of Separate $100M Bonus Case in UK
- AIR Worldwide Releases Update of New Zealand Earthquake Model
- Canada’s Desjardins Blames Employee for Leak of Personal Details of 2.9M Customers
- R&Q’s CEO to Step Down, Succeeded by Co-CEOs Quilter and Sellek from AM Best
- Cold War Era Satellite Images Reveal Acceleration of Asian Glacier Melt
- Lloyd’s Gathers Group of Industry Heavy-Hitters as Advisers for Its Future Strategy
- Insured Property Losses for December 2018 Sydney Hailstorms Rise to A$766M: PERILS
- AIG Consolidates Reinsurance into New AIG Re; Taps Marsh’s Schaper as CEO
- Latest Shift in Growth Strategy at Lloyd’s Calls for More U.S. Business
- Lloyd’s Must Demonstrate Progress in Tackling Sexual Harassment: Bank of England
- Vietnam Culls More Than 2.5M Pigs to Contain Deadly African Swine Fever: Officials
- Greenhouse Gas Emissions Must Be Halved by 2030 to Avoid 3C Warming: Scientists
- Legacy Specialist Compre Completes 3 Run-Off Acquisitions
- Caribbean Insurers’ Net Income Rebounds After 2016-2017 Hurricane Seasons: AM Best
- Aspen Taps Brekenfeld from Lloyd’s as Director of Global Corporate Development
- MS Amlin Names RSA’s Vogiatzidou as Senior Marine Underwriter in Dubai
- Digital Car Repair Platform Fixico Raises €7M to Expand Internationally
- Arthur J. Gallagher Acquires Australia Workplace Risk Consultant P2 Group
- Lloyd’s of London Aims to Revamp Auto Coverage as Era of Driverless Cars Looms
- China’s Fosun Eyes Purchase of Bayer’s Animal Health Business: Sources
- PERILS Buys Canada’s Catastrophe Loss & Exposure Analysis Firm CatIQ
- Geneva Association Elects 4 Board Members from Ping An, Prudential, PICC and Aviva
- UK Business Executives Grow Increasingly Angry at Brexit Deadlock
- ACORD InsurTech Innovation Challenge’s European Winner Is Riskbook
- Russian Aeroflot Plane Hit by Lightning Before It Crashed, Killing 41: Investigators
- City of London Tackles Its Daytime Drink Problem – One Institution at a Time: Opinion
- Iranian Forces Were Likely Responsible for Attacks on Tankers, Says Insurer DNK
- War Risk Insurance Premiums Surge for Oil Tanker Owners After Gulf Attacks
- AGCS Appoints Kadow as Global Head of Marine; Fadden Named Global Head of Aviation
- El Niño Conditions Likely to Continue Through Summer
- Threat of No-Deal Brexit Isn’t Likely to Win EU Concessions: UK Business Chief
- Insurers Appoint Dutch Marine Engineer to Salvage Oil Tankers in Gulf of Oman
- China ‘Should Focus’ on Financial Market Reforms, Rather Than Punishing U.S. Firms
- Canada Expands Credit Insurance for Canola Exporters as China Dispute Continues
- Swiss Re’s UK Unit, ReAssure, Gets Ready for IPO in July
- Insurance Rates for Crude Oil Tankers to Jump After Gulf Attacks
- Lawsuit Filed for ‘Defective’ Products Linked to London’s Grenfell Tower Fire Disaster
- Britain Commits to Net Zero Greenhouse Gas Emissions by 2050
- Suspected Attack on 2 Oil Tankers Near Strait of Hormuz Stokes Fears of War
- EU Says It’s Ready for ‘Undesirable’ No-Deal Brexit, but Some Insurers Are Unprepared
- Reinsurance Broker Guy Carpenter Suspends Two Over Harassing Email
- BHSI Opens Office in S. Australia, Taps Holland from Chubb as Underwriting Manager
- AXIS Re Names Sweeting from Vibe Syndicate as Head of Lloyd’s Casualty Reinsurance
- British Hacker Gets 4 Years in Jail for TalkTalk Data Breach
- Al Specialists omni:us and FRISS Partner to Offer Claims, Fraud Detection Services
- Motorbike Taxi Firms to Offer E-payment, Insurance Services in West Africa
- Hub International Acquires Canada Retirement Consulting Firm Porchlight Financial
- Lemonade’s European Expansion Begins in Germany
- UK’s Legal & General Partners with Amazon to Create Blockchain System for Pensions
- London Market Broker BMS Partners with BitSight to Provide Cyber Risk Analysis
- Aon Hires 2 Former Co-Heads of JLT’s Insurance-Linked Securities Unit
- MGA Insurtech GetSafe Lands $17M Financing to Fuel European Expansion
- BHSI Gets French Insurance License, Names d’Huart from AXA XL as Country Manager
- 2 Execs at Lloyd’s Insurer TMK Forced to Resign After Sexual Harassment Allegations
- Work-Related Injury Claims Rise with Numbers of Home Workers in UK: Clyde & Co.
- Aging Oil Pipelines Operated by Canada’s Enbridge Raise Fears over Great Lakes Spills
- Global Mining Firms Reveal Safety Plans for Tailings Dams After Deadly Brazil Disasters
- Hong Kong’s Privacy Watchdog Slams Cathay Pacific for 2018 Data Breach
- Storah to Succeed Holmes as CEO of Aviva Canada
- U.S. Tornadoes, Hail and Winds Reach Highest Levels Since 2011: Aon Report
- Ukrainian Cruise Ship Captain Involved in Recent Collisions in Hungary, Netherlands
- Zurich Insurance Creates Customer Office, Appointing MindFolio’s Kalcher as Chief
- Claims Adjusting Firm Global Risk Solutions Opens London Office
- Canada Broker Navacord Acquires Demers’ Insurance in Alberta
- UK MGA Association Offers Online Training with Chartered Insurance Institute
- Dunleavy Named Aspen Re’s CUO, Succeeding Issavi Who Moves to Ryan Specialty
- Insured Loss Estimate for European Storm Dragi-Eberhard Rises to €798M ($898.1M)
- Swiss Re Plans IPO of $4.5 Billion UK Subsidiary ReAssure
- WTW Taps Nat Re’s Hidalgo as Head of Capital Science and Policy in Southeast Asia
- Here’s How 11 Tory Contenders for UK Prime Minister Plan to Fix Brexit
- UK Insurer Aviva’s New CEO Targets Cost, Job Cuts in Company Overhaul
- Two New London Market Model Cyber Exclusion Clauses Published by IUA
- Companies Failing to Disclose Exposure to Risks of Climate Change: Global Task Force
- Management Shake-Up at UK’s Aviva Continues as CFO Stoddard Steps Down
- Hub International Buys Saskatchewan-Based Broker, Cottenie & Gardner
- Canada’s Western Financial Acquires Ontario Brokerage EGM Insurance Group
- Global Reinsurers See Promising Green Shoots in 2019 with ‘Hardening’ Pricing: S&P
- S. Korea Scrambles to Stop Spread of African Swine Fever After N. Korea Outbreak
- Norsk Hydro’s Core Profit Plunges 82% After March Cyber Attack, Brazilian Spill
- London Must Avoid Becoming ‘Offshore’ Financial Center After Brexit, Says CFTC Chief
- AXA XL Partners with IPRS Health to Offer Employer’s Liability Insurance Solution in UK
- Large Shipping Losses in 2018 Drop to Lowest Level this Century but New Risks Emerge
- World’s Largest Companies Forecast Climate Change Could Cost Them $1 Trillion
- Russia’s Aeroflot Cuts Superjet Flights After Fatal Crash in May
- HDI Global Specialty Names Waters as Head of Distribution and Business Development
- Gallagher Finalizes Acquisition of JLT’s Global Aerospace Operations
- Zurich Completes Acquisition of ANZ’s Life Insurance Business in Australia
- UK Business Group Warns Next Tory Party Leader to Avoid No-Deal Brexit
- Arthur J. Gallagher Acquires The Protectors Insurance Group in Australia
- AM Best Revises Greenlight Capital Re’s Outlooks to Negative
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