International & Reinsurance News for November 2019
- Coastal Damages from Climate Change Could Cost U.K. Economy Billions by 2050: WWF
- Argo Activist Shareholder Voce Renews Battle to Elect Independent Board Members
- Wholesale Broker H.W. Kaufman Acquires UK MGA Barbican Protect
- AXA XL Buys London-Based Title Insurance Agency, Agrees to Buy Mexico Title Insurer
- Uber’s London License Ban Marks Global Regulatory Backlash for Ride-Hailing Firms
- MS Amlin Launches New Operating Model and Senior Leadership Team
- Germany’s Green Vault Museum Finds It’s Uninsured for $1 Billion Theft of Jewels
- Digital MGA C-Quence Joins with Insurtech Cytora to Transform Mid-Market Insurance
- Online Scams Are Catching Newly Vulnerable Icelanders Unprepared
- AXIS Capital’s Losses from Japan’s Typhoon Hagibis Estimated at $90M-$110M
- BHSI Taps Warrior, Formerly with Hiscox, as Head of D&O Underwriting, UK & Ireland
- Thieves Steal Priceless Items from Dresden’s Treasury Green Vault; Hiscox Comments
- AIG to Sell Most of Fortitude Re to Carlyle, T&D Holdings for $1.8 Billion
- S&P Revises Qatar Insurance Outlook on Financial Risks from $308M Markerstudy Loan
- Westpac’s Money Laundering Breaches Gave ‘Free Pass to Pedophiles:’ Australia Official
- Drzik, Marsh’s President, Global Risk and Digital, to Step Back From Full-Time Role
- Chubb to Buy Additional Stake in China’s Huatai Insurance for $1.53B
- Extreme Weather in Greece Brought $1.1 Billion in Crop Damages Since 2011
- Generali Prepares to Make Formal Bid for MetLife’s European Assets: Sources
- Uber Loses London License for Failures on Safety and Security
- Philippines Taps Catastrophe Bonds to Help Pay for Natural Disasters
- Boeing Settles More Than 60 Wrongful Death Cases Filed After Lion Air Crash
- Australia’s Westpac Bank Apologizes for Money Laundering, Links to Child Abuse Funds
- Arch Re to Buy Aspen Re’s Global Credit and Surety Reinsurance Business
- Uber in London Awaits Decision on License Renewal in Its Important European Market
- Mitsui Sumitomo Insurance’s Rating Unchanged with Reorganization: AM Best
- Australia Court Rules Against Johnson & Johnson in Pelvic Mesh Class Action
- OxyContin Marketed in China as Being Less Addictive — A Familiar Misleading Claim
- Sedgwick Taps Manning from Crawford as Head of Client Services, International Division
- Sydney Shrouded in Smoke as Bushfires Continue to Spread in Eastern Australia
- Aon and Other Companies Distance Themselves from Prince Andrew over Epstein Links
- AXA XL Launches Risk Innovation Incubator Called ‘Cube’
- Tokio Marine HCC Names Barnett and Browne as Co-Global Marketing Leaders
- Judge to Decide J&J Vaginal Mesh Lawsuit in Australia
- After Aviva’s Reorganization, CEO Vows More Accountability
- Lloyd’s Launches Campaign to Fight ‘Unacceptable Behavior’
- Mining Group Has Concerns on Global Tailings Dam Safety Standards
- Aon to Acquire CoverWallet, Small-Medium Business Digital Insurance Agency
- Hamilton Insurance Places Lloyd’s Syndicate Acappella Into Runoff
- Australia Warned to Expect More Fire Tornadoes
- Okumura to Succeed Frudd as CEO at Sompo International Holdings
- AIG’s Marshall Joins CFC as Transaction Liability Practice Leader
- Before Ambush, Burkina Faso Mine Workers Sought More Transport Protection: Reuters
- Willis Re Securities Completes €120 Million Catastrophe Bond for France’s Covéa Mutual
- Insurers, Other Firms Criticize International Energy Report Over Climate Approach
- Japan’s Largest Insurers Take Another Hit from Typhoon Losses
- Bahamas Suffered $3.4B in Losses, 67 Deaths from Dorian; Hundreds Still Missing
- Gallagher’s Artex Risk Completes Purchase of ILS Specialist Horseshoe Insurance
- Microsoft Puts Israeli Facial Recognition Startup Under Ethics Microscope
- Data Firm Palantir’s Partnership with Japan’s Sompo Insurance Targets Health, Cyber
- Demand for M&A Insurance Sees Significant Growth: Aon
- Smokers Who Switch from Tobacco to Vaping Rapidly Boost Heart Health: Study
- Aviva to Retain China, Singapore Businesses After Conducting Asian Review
- Venice Suffers 2nd High Tide in a Week as Italy Declares State of Emergency
- Robotaxi Tech Proving Difficult to Perfect: Daimler CEO
- Public Consultation Launched to Help Set Global Standards for Tailings Dams
- Müller Succeeds Fischer Hirs as CEO of AGCS; Allianz Germany Appoints Executives
- Pemex Oil Firm ‘Unaffected’ by Cyber Attack, Says Mexican Minister; Workers Disagree
- Insurer Brit Ltd. Launches E-trading Cyber Portal
- AGCS Appoints Williams as Global Head of Financial Lines, Replacing Poncin
- Pioneer Underwriters Decides to Put Lloyd’s Syndicate 1980 into Run-Off
- Financial Services Industry Misses Out on $700B a Year by Ignoring Women: Report
- CEO of Gallagher’s UK Broker/Underwriting Unit Apologizes for ‘Insensitive Comments’
- Generali Launches Art Insurance Unit, Aiming to Be ‘Partner for Life’ for Collectors
- Allianz Forms Partnership with Microsoft, Aiming to Transform Insurance Processes
- Chubb Appoints Keen as Division President, Chubb Global Markets
- Insurance Premiums to Grow 3% Despite Economic Slowdown: Swiss Re
- Australia Wildfires Continue to Rage, Destroying Homes, Forcing Evacuations
- Venice Floods, Australia Wildfires Blamed on Climate Change
- Swiss Re Names Mazzoleni Neglén as Head of Customer Experience, Global Sales
- Praedicat Develops Named Peril Casualty Insurance Product via Lloyd’s Lab
- Flooding in Northern England Becomes U.K. Election Issue
- Fires Continue to Rage in Australia’s Most Populous State, New South Wales
- Ransomware Hackers Demand $5M from Mexico State Oil Firm Pemex
- Hong Kong Financial Services Firms Concerned for Staff Safety as Protests Escalate
- Sexual-Harassment Whistleblower Sues Lloyd’s Insurer Tokio Marine Kiln
- Pool Re Forms Specialist Unit to Help U.K. Insurers Build Terrorism Risk Resilience
- Startup Zego Becomes 1st U.K. Insurtech to Get Insurance License
- Insurance Council of Australia Declares Catastrophe for New South Wales Bushfires
- Vale’s ‘Negligence’ May Have Cost Lives, Says Brazil Mining Regulator
- Guy Carpenter Appoints Bermuda Execs, Including Johnston, Komposch from Aon
- Ransomware Attack Hits Mexico’s State Oil Firm Pemex
- Australia Braces for Another Week of Devastating Bushfires
- Hub International Buys Canada Employee Benefit Consultant, W.R. Carey Corp.
- Typhoon Hagibis to Cost Japan’s Economy $10B, with Insured Losses in Billions: Aon
- Investors React Positively to Argo CEO’s Exit, Despite Q3 Net Loss
- AM Best Reviews Argo Group’s Ratings in Reaction to SEC Probe, Watson Exit
- VIBE Syndicate 5768 to Be Placed into Solvent Run-off
- Lloyd’s to Create Single Governing Body, Merging Council and Franchise Board
- Aon’s Turner Appointed Chairman of Ed Bermuda
- Aviva U.K. Unit Dismisses Fears that ESG Investing Hampers Financial Returns
- Legacy Specialist Compre Buys 2nd Portfolio from Belgium’s AG Insurance
- French Search Teams Find Fragments of Airbus Engine that Exploded in Flight
- China Pacific Eyes Swiss Re Stake but Real Target Might Be London Listing: Opinion
- The Aral Sea Is Dying — A Victim of Environmental Malpractice
- EU Weighs Stress Tests to Improve Financial Firms’ Buffers Against Climate Risks
- U.S. Targets Sanction-Evading Shipping Firms, Enlists Help from Insurers, Banks
- Hamilton’s Pembroke Managing Agency Forms Cyber Team, Launches Cyber Product
- Swiss Re Explores Investment in China Pacific Insurance
- Allianz Pays $1B for Part of Goldman’s Stake in China Insurer Taikang: Sources
- Argo Group CEO Watson Steps Down as SEC Continues Its Probe of Insurer
- EU Rules for Responsible Investing to Be Set for Insurers, Asset Managers in 2021
- U.K. Marine Services Firm James Fisher Reports Cyber Attack
- HUB International Acquires Canada’s RBI Advisory Group
- New EU Brexit HQs Opened by U.K. Financial Firms Face Watchdog Checks in 2020
- Vale CEO Received Emailed Warning Ahead of Brazil Dam Collapse: Report
- Spanish Companies, Including Radio Network, Hit by Cyber Attack
- Samsung Fire & Marine Insurance Finalizes Strategic Investment in Canopius
- U.K. Bans Fracking on Concerns About Earthquake Risk
- Fidelis Insurance Takes Equity Stake in New MGA Perigon, Provides Capacity
- Greek Tanker Manager Denies Connection to Oil Leak Tarring Brazil’s Beaches
- AIR Worldwide Launches Multi-Peril Crop Insurance Model for India
- BHSI Taps Villalba from Zurich Insurance as Head of Claims in Spain
- All Members of Canada’s Desjardins Hit by Data Breach: Finance Minister
- Quantemplate, Insurtech Provider of Cloud-Based Data Services, Raises $12M
- Ascot Taps Kenahan from AWAC as Head of Excess Casualty in Bermuda
- Insured Losses from Typhoon Hagibis Estimated at $7B-$11B: RMS
- Catastrophe Insurance Data Firm PERILS Expands Coverage to New Zealand
- Australia’s Pro-Coal Prime Minister Signals War on Climate Change Activists
- Australia Faces More Severe Cyclones, Wildfires, Floods as Climate Warms: IAG
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