International & Reinsurance News for October 2019
- Inquiry into Grenfell Tower Inferno Criticizes Fire Brigade for Higher Fatalities
- A Trailblazer in the Lloyd’s Marketplace Looks Back and Ahead
- Swiss Re and Pioneer to Offer Telematics Solution for Insurers in 2020
- All Countries at Risk from Spread of African Swine Fever: OIE
- U.K. Company Insolvencies Rise to Highest Level Since 2014 on Brexit Crisis
- TMK Launches Flagship Cyber Product, Cyber Ctrl, in Asia
- PCS Extends Catastrophe Loss Methodology to Australia, N. Zealand, SE Asia
- London Run-off Specialist RiverStone Acquires 2 Cayman-Based Captives
- Subcontracted Workers Most at Risk from Accidents in S. Korea’s Shipyards
- Facebook to Pay $644,000 Fine in U.K. over Cambridge Analytica Scandal
- Cyber Attack on Asia-Pacific Ports Could Cost $110B, Hitting Global Supply Chains
- Typhoon Hagibis Likely to Cause Earnings Event for Japan’s Insurers: Fitch
- Broker Aon to Move Jurisdiction of Incorporation to Ireland Due to Brexit
- Ransomware Attacks Rise 37% in Q3, Targeting IT Vendors, Their Clients: Beazley
- BHSI Forms Construction, Casualty Teams in France, Led by AXA XL’s Antiphon, Bonifay
- Hong Kong Falls into Recession, Hit by 5 Months of Protests
- Investment Firm Apollo Hikes Stake in Athene to 35% in Deal Worth $1.55B
- Chubb Taps Poole from Tokio Marine as Head of Middle Market, UK & Ireland
- Torrential Rain Causes Flooding, Mudslides in Japan, Killing at Least 10
- Marsh JLT Specialty Taps Nevill from Gard (UK) as CEO, UK Marine & Cargo
- U.K. Aims to Ensure Post-Brexit Strength of Financial Services Sector: Minister
- Blackstone’s Lombard Could Face Legal Issue with $1B-Plus of Unsigned Policies
- Lloyd’s Insurer AEGIS London Launches Digital Trading Division
- Johannesburg City Hit by Hackers Who Demanded Bitcoin Ransom
- Boeing 737 Max’s Design, Pilot and Regulatory Errors Caused Lion Air Crash
- EU Agrees to Delay Brexit Until Jan. 31, as U.K. Parliament’s Impasse Continues
- Broker Gallagher Loses $12.8M Poaching Lawsuit in London Against Ardonagh
- Sompo Global Risk Solutions Expands Mexico Capabilities, Hires Macias Romo
- AXA to Sell Belgian Bank Unit to Crelan for $689.5M, Forms Bancassurance Deal
- Reinsurance Fraud Triggers Stock Plunge in Lehman-Founded Hungarian Insurer
- Arthur J. Gallagher Finalizes Purchase of Stake in India Broker Edelweiss
- Ping An Q3 Profit Jumps 50% on Higher Investment Returns, Bank Income
- Insurtech Funding Reaches $4.4 Billion to Date in 2019, Blowing Past Full-Year 2018
- Specialist Insurer Beazley Takes 30% Stake in Hong Kong Coverholder Pegasus
- London Financial Firms at Risk of Being Cut Off from EU After Brexit: Official
- Brokerslink Network Appoints Ghazaleh as Middle East Regional Manager
- Start-Up Constellation Holdings Has $500M from Canadian Investors to Invest in Insurers
- China’s Ping An Insurance to Spend $22B on Tech, From AI to Blockchain
- Reinsurers Maintain Upward Pricing Momentum-But Will It Last?
- Reinsurers’ Earnings to Be Hit After 3rd Year of Major Claims: AM Best
- EU Eyes Another Brexit Delay as U.K. Edges Toward Election to Break Impasse
- U.K. Repelled 658 Cyber Attacks This Year, Many From Hostile Foreign States
- Massive Fire Breaks Out at N. Zealand Convention Center Building Site
- Aon Appoints Moran to Create Consistent Approach to Client Engagement
- Insured Losses from Japan’s Typhoon Hagibis Estimated at $8B-$16B: AIR
- Companies in Polluting Industries Slow to Disclose Climate Change Risks: Moody’s
- Now Boarding for Brexit: What Businesses Need to Do
- B3i’s Blockchain Re/Insurance Network Begins to Offer Real-Life Industry Solutions
- Fidelis Taps Bellamy from Pembroke’s Acapella Syndicate for Reinsurance Team
- Reinsurers Look at Cyber’s Massive Growth Possibilities-With Caution
- Dam Collapse in Siberia Kills At Least 15 Gold Miners
- CRESTA Updates Risk Accumulation Zones for 2019, Launches Website
- Russia Aims to Boost Arctic Shipping by Subsidizing Higher Costs, Including Insurance
- BHSI Enters Australia Surety Market, Hiring Griffiths from Liberty Specialty to Lead Team
- Few Hong Kong Firms Have Riot Insurance so They’ll Be Paying for Protest Damages
- On-Demand Insurance to Play Major Role in Industry’s Future: IUA Research
- Guy Carpenter Names Samengo-Turner as Global Facultative Leader
- Brokerslink Network Forms Agreement with Swiss Re Corporate Solutions
- Typhoons Faxai, Hagibis Unlikely to Affect Stability of Japan’s Non-Life Insurers: AM Best
- Brexit Creates Opportunities for Specialist Legacy Acquisition Insurers
- BHSI Names 3 Product Line Leaders in Spain, Hired from RSA, Chubb and Allianz
- Explosion at Chemical Plant in Southern China Kills at Least 4
- U.K. and EU Clinch 11th Hour Brexit Deal but Johnson Faces Parliament Hurdle
- London-Based MGA Castel Specialty Enters Construction and Engineering Market
- AXIS Capital Sets Clean Energy Policy Designed to Reduce Climate Risks
- EU-Based Britons Fuel Growth in Healthcare Insurance as Post-Brexit Fears Grow
- Demand for Trade Credit Insurance Grows Rapidly, as Brexit Fuels Insolvency Concerns
- RenaissanceRe Estimates Third Quarter Natural Catastrophe Losses of $155 Million
- Everest Re Group Estimates Q3 Catastrophe Losses of $280 Million
- Generali’s Results Prove It Has Right Strategy, Says Chairman
- Post-Brexit Trade Deal for Financial Services Less Vital as UK Firms Set Up EU Hubs
- AXA Weighs Selling Central European Business, to Exit Non-Core Markets: Sources
- Blockchain Initiative, B3i, Deploys Cat Excess of Loss Product for January Renewals
- Finance District Leader Calls Brexit a ‘Moment of High Risk’ for London
- London Retains Status as Top Global Financial Services Center, Despite Brexit Chaos
- Australia Steps Up Biosecurity at Airports to Prevent Deadly African Swine Fever
- MS Amlin Exits Aviation Insurance Market
- Arthur J. Gallagher & Co. Buys Swedish Broker Proinova
- Hurricane Dorian Ties as Strongest Landfalling Atlantic Hurricane on Record: Aon
- Daimler Recalls Thousands of Mercedes-Benz Vehicles over Diesel Emissions
- AXIS Capital Estimates Q3 Catastrophe Losses of Up to $175 Million
- Update: Typhoon Hagibis Rips Across Japan, Causing Flooding, Killing at Least 43
- Bonaccorso to Retire as PartnerRe’s CFO, Succeeded by Burnet from Zurich Insurance
- Iranian Oil Tanker Struck, Probably by Missiles: Iran Media
- Global Safety Regulators Fault U.S., ‘Undue Pressure’ from Boeing for 737 Max Approval
- Largest African Insurer Sanlam Plans to Continue Growth via M&A
- Beazley Appoints Turk to Lead Corporate Development as Goodman Retires
- Mediobanca Pressed to Grow via M&A and Rely Less on Its Prized Asset, Generali
- No-Deal Brexit Could Endanger Billions of Data Transfers; Some Firms Move Data Centers
- London Company Market Premiums Rise by 8.1% in 2018 to £28.4B ($34.7B)
- Update: Super Typhoon Hagibis Tracks Toward Japan; Guy Carpenter, RMS Comment
- Eastern Australia Wildfires Destroy Up to 30 Homes
- Zurich Helps Firms Deal with Negative Interest Rates by Insuring Cash Parked in Vaults
- Major Generali Shareholder, Mediobanca, Pushed to Alter Strategy for Insurer
- Super Typhoon Hagibis on Track to Hit Japan, Disrupting Rugby World Cup
- Aon’s Reinsurance Solutions Business Launches Global Wholesale Committee
- Shell Units Sued in U.K. over Massive Nigerian Oil Spill in 2011
- Marsh JLT Specialty Aviation Hires 4 Execs from Aon, Global Aerospace and Swiss Re
- Insurance Site, Other Businesses Battle Google Search Engine’s Escalating Costs
- Hard Brexit Would Have ‘Significant Impact’ on U.K., Europe: Allianz Global Investors
- Hub International Acquires Canadian Broker PDF Financial Group
- Greek Shipowner Torched His Tanker in $77 Million Insurance Fraud: London Judge
- Argo Group Under SEC Scrutiny Over Executives’ Compensation
- Insurtech FRISS and Munich Re Extend Partnership to Support Insurers Fighting Fraud
- Tokio Marine HCC Expands Surety Team in France with 2 Hires from Zurich Insurance
- World Broker Network Adds CEO of Hong Kong-Based Pacific Prime to Board
- Arch Capital Group Expects 3rd Quarter Catastrophe Losses of Up to $75M
- Korean Insurer Plans to Boost Overseas Investments to Escape Low-Yield Trap
- Norway’s Equinor Still Gauging Extent of Oil Spill at Bahamas Terminal After Dorian
- Arthur J. Gallagher & Co. Completes Purchase of Minority Stake in Prague’s Renomia
- Guy Carpenter Names Guerriero as Interim Head of International Facultative Operations
- Hub International Acquires Ontario-Based ProCorp Financial
- Brexit Talks Stall as EU Leaders Cast Doubt on Reaching Deal by Oct. 31
- City of Vancouver Files Lawsuit Against Major Opioid Producers, Suppliers
- U.K. Personal Lines Insurers May Face Curbs on Price Hikes Slapped on Renewal Policies
- Hurricane Dorian Caused More Than C$105M in Insured Damage to Atlantic Canada
- Powerful Typhoon Mitag Lashes South Korea, Leaving 9 Dead
- PM Johnson, EU Have One Week to Agree on New Brexit Plan, or Another Delay Looms
- Liberty Mutual Completes Acquisition of 3 AmTrust European Businesses
- Nippon Steel to Shut Typhoon-Damaged Kimitsu Plant until End of December
- RSA Luxembourg Appoints Conran as Permanent CEO
- Everest Insurance (Ireland) DAC Announces Its UK Branch Is Operational
- Artex Acquires Bermuda-Based ILS Specialist Horseshoe Insurance Services Holdings
- New Specialty Re/Insurer Convex Authorized to Write Excess and Surplus Lines in U.S.
- Hurricane Lorenzo Lashes Azores, Causing Minor Damage, with Ireland as Next Stop
- Update: Taiwan Bridge Collapse Claims 5 Lives with 1 Person Missing
- Canopius Completes Acquisition of AmTrust at Lloyd’s
- Hub International Buys Canada Employee Benefits Consultant, Regency Advisory Corp.
- Google Faces $3.9B iPhone Privacy Lawsuit After London Court Reinstates Case
- Generali Weighs at Least $3.3B in Mid-Sized Insurance, Asset Management M&A
- Markel International Sells Brazilian Insurance Business to Executive Team
- Bridge in Eastern Taiwan Collapses; Divers Search for Victims
- Willis Re Specialty Taps Aspen’s Harrell as Managing Director & Chief Operating Officer
- Arthur J. Gallagher & Co. Acquires U.K.’s Anthony Hodges Consulting Ltd.
- Canada Insurer Intact Financial Corp. Completes Acquisition of On Side Restoration
- UK PM’s Ultimatum to EU: Negotiate Brexit on His Terms, or Face No-Deal Divorce
- Buffett-Owned Chemical Firm Lubrizol Faces Lawsuits After Fire in Rouen, France
- Update: Hurricane Lorenzo Loses Power but Swells in Size as It Heads Toward Ireland
- Allianz Emerges as Frontrunner to Invest in Bancassurance Unit of Spanish Lender BBVA
- Cyber-Attacks Named as Top Business Risk in U.S., Canada and Europe, by WEF Survey
- Typhoon Mitag Lashes Eastern China, Heads to South Korea
- MS Amlin Exits 9 Non-Core Classes of Business, with a New Focus on 3 Core Markets
- AGCS Names Kang as Head of Reinsurance and Catastrophe Risk Management
- Philippines Warns Hog Traders Who Ignore Quarantine Rules as Swine Fever Spreads
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