International & Reinsurance News for February 2020
- Global Insurers Face Hefty Claims If Coronavirus Forces Olympics Cancellation
- UK Threatens to Walk Away from EU Trade Talks if Quick Progress Isn’t Made
- Catastrophe Bond Prices Signal Coronavirus Nearing Pandemic Status
- Former Neon Exec Conway Joins TigerRisk’s Bermuda Reinsurance, Retro Teams
- Nationwide, Generali Form Joint Venture N2G to Sell Multinational Commercial Lines
- AIG Taps Hancock from Lloyd’s as CEO of International General Insurance
- AM Best Downgrades Argo’s Credit Ratings After a Disappointing Q4
- HDI Group Takes Stake in German Cyber-Security Start-Up Enginsight
- UK Financial Services Sector Could Take a Back Seat to Fishing in EU Trade Talks
- QBE Promotes Postlewhite to Managing Director of QBE Re
- Bank of England’s Carney Warns Investors to Get Serious About Climate Change
- AXIS Chairman, Co-Founder Butt to Retire; Smith Named Chairman-Elect
- Future-at-Lloyd’s Modernization Project Moves from Blueprint to Construction
- Markets Are Overreacting to Threat of Coronavirus: Allianz CEO Baete
- QIC Global Names van der Straaten as Chief Executive Officer
- Zurich Insurance Partners with Cyber-Security Specialist CYE
- Singapore Prepares for Worst of Climate Change with $72B Defense Plan
- Coronavirus’ Hits to Supply Chains Could Surpass Natural Disasters: Opinion
- BHSI Expands Team in Spain, Tapping Lovera from Chubb, RSA’s Sanchez
- NFP Rebrands Canadian Brokerages Under NFP Name
- Britain’s Financial Conduct Regulator Admits Data Breach
- Coronavirus Fears Drive Up Credit Risk for Gulf Crude Exporters
- Coronavirus Update: On Decline in China But of Rising Concern in South Korea, Italy, Iran
- 2 Tropical Cyclones Trigger Heavy Rainfall, Flooding in Jakarta
- Arch Capital to Buy 29.5% Stake in French Credit Insurer Coface
- Brazil’s Vale Knew Deadly Tailings Dam Was Unsafe as Far Back as 2003: Report
- Aon Names Andersen President, While Former Co-President O’Connor Exits
- Saudi Arabia’s Regulator Plans to Raise Capital Requirements for Insurers
- Korean Re to Open Office in Bogota, Colombia, for Latin America Growth
- Financial Services Firms Risk $1 Trillion in Losses from Climate Change: Report
- Australia Regulator Seeks to Understand Financial Risks of Climate Change
- Danske Bank Ex-CEO Faces $387M Lawsuit over Money Laundering Scandal
- Swiss Re Will Absorb Poor 2019 Earnings, Says S&P
- Roehler Succeeds Theis on Allianz Board of Management
- UK Insurers Could See Underwriting Losses After Storms Ciara, Dennis: Fitch
- Russia Blamed for Massive Cyber Attack Against Nation of Georgia in 2019
- China Ends Two-Year State Custody of Troubled Anbang Insurance
- Allianz Raises 2020 Profit Target After 9.5% Jump in Q4 Results
- BHSI Taps Swiss Re’s Weinmann to Head Customer & Broker Engagement in Germany
- China’s Ping An Insurance Says Coronavirus Outbreak Could Hit Business
- Update: AXA Appoints Chubb’s Gunter as CEO of AXA XL, Replacing Hendrick
- Activist Hedge Fund Elliott Investment Builds Stake in Dutch Insurer NN Group
- Swiss Re 2019 Profit Hit by Natural Disasters, U.S. Casualty Claims
- AXA Lowers 2020 Profit Guidance for XL Unit
- World Bank Pandemic Bond Losing Value, Facing Criticism as Coronavirus Spreads
- Update: UK Issues Severe Flood Warnings as Rivers Peak After Storm Dennis
- Global Warming Creating ‘Irreversible’ Ice Melt in Antarctica: Scientist
- Argo Group Appoints Bradley as Chairman; Rehnberg Named CEO
- FACTBOX: China Takes Steps to Bolster Coronavirus-Hit Economy
- QBE Insurance Names Wilkins as Chairman, Succeeding Becker Who Is Retiring
- Swiss Re’s iptiQ and IKEA Partner to Offer Home insurance
- Storm Sabine (AKA Ciara) Cost Insurers $731M in Germany: GDV
- Arch Re to Buy Majority Stake in Australia’s Precision Marketing Asia Pacific
- 12 Chinese Insurers Co-Launch Coverage for Businesses Hit by Coronavirus
- Generali, Great Eastern Weigh Bids for Malaysia Insurers, Part Owned by AXA: Sources
- Luxury Yacht, Owned by Third Point Re’s Loeb, Damages Belize Coral Reef
- SCOR Buys Majority Stake in Brazil MGA with Agricultural Specialty
- Insured Losses for Europe’s Storm Ciara-Sabine Could Hit $2 Billion: Modeling Firms
- B3i’s Blockchain Platform Places 30 Reinsurance Contracts, Including Cat XoL Treaties
- Coronavirus Epidemic Could Infect Two-Thirds of World’s Population: WHO Scientist
- Australia’s Central Bank Chief Warns of Economic, Financial Effects of Climate Change
- Outgoing BoE Governor Discusses Risks of Negative Interest Rates, Climate Change
- Members of Lloyd’s New Cultural Advisory Group Include Mental Health Specialists
- Coronavirus Leads Companies with Supply Chain Disruptions to Invoke ‘Force Majeure’
- Coronvirus Led to Cancellation of Telecoms Meeting, but Insurance Cover Is Excluded
- Insurers Rush to Exclude Coronavirus Epidemic from Event-Cancellation Protection
- Argo Warns of $114M Underwriting Loss, Extra Costs From Watson’s Departure
- Facebook, Twitter, Other Internet Firms to Be Responsible for Content Under UK Plan
- DARAG Completes 2 Legacy Acquisitions in UK
- Global Commercial Insurance Prices Increase 11% in 4th Quarter 2019: Marsh
- Allianz-Backed Fintech Startup, N26, Closes UK Mobile Bank Accounts, Blaming Brexit
- Fidelis Insurance Raises $300M of Equity Capital to Support Growth
- UK MGA Node International Names Lefchik as Director, Cyber Risk for North America
- MGA Pen Underwriting Promotes Downey as CEO, Succeeding Turner
- U.S. Storms, Global Floods, Bushfires Cause Economic Damages of $3B-Plus in January
- Insured Property Losses from Australia’s Townsville Floods in 2019 Hit A$1.24B: PERILS
- UK, EU Remain at Odds over Financial Services’ Market Access
- Storm Ciara Batters Europe with Hurricane-Force Winds, Killing at Least 5 People
- NFP Buys Canada Political Risk and Trade Credit Broker, Indemnis Trade Risk Mgmt
- HDI Global Specialty Appoints Kangasniemi as Head of Airline
- Hub International Buys Quebec-Based Azur Consulting Services
- Tokio Marine Kiln Adds Pritchard to Special Risks Team
- Thai Insurer Offers First Coronavirus Insurance Policy
- Australian Insurers Declare Catastrophe for Losses from East Coast Flooding
- Axa Confirms Agreement to Sell Poland, Czech Republic and Slovakia Units to Uniqa
- Grenfell Tower Fire Inquiry Chief Seeks Immunity for Corporate Witnesses
- Coronavirus Update: Deaths Surpass 900; World Health Experts Head to Beijing
- Italian Investor Group Exor Weighs Sale of PartnerRe to France’s Covea
- Prudential in Talks to Fully Control China Venture; Weighs Sale of U.S. Business
- Coronavirus Hits Trade Fairs, Industry Conferences
- Canadian Privacy Official Seeks Court Ruling Against Facebook
- Brazil Gives Tobacco Firms Deadline for Replying to Smoking Damages Lawsuit
- Canada Orders Speed Limits on Trains After Canadian Pacific Railway Fire
- Germany’s HDI Group Acquires Cyber Specialist Perseus
- Hong Kong Insurers Say Sales Have Fallen to ‘Almost Nothing’ Due to Coronavirus
- China’s Coronavirus Deaths, Infections Rise; Supply Chains, Production, Travel Disrupted
- Uber Wins Ruling That Drivers Are Not Employees in Brazil, Its 2d Biggest Market
- Nissan Autonomous Car Completes 230-Mile Journey in Britain
- Axa in Talks to Sell Eastern, Central European Business to Austria’s Uniqa
- Britain’s Insurance Sector Urged to Compete by Selectively Diverging from EU Rules
- Global Insurance Industry M&A Total Reached $12.92B in December
- Google, Tinder Face Irish Regulatory Inquiries Over Location Data Handling
- AXA XL Appoints Benet as Global Chief Underwriting Officer for Cyber
- Insurance Executive and Partners Seek $52 M in Sale of U.K. Soccer Team Sunderland
- K2 Insurance of U.S. to Acquire UK’s Pioneer Underwriters
- Roundup: Nations Stepping Up Scrutiny of Vessels, Trains Shipping from China
- AXA Liabilities Managers to Acquire RenaissanceRe (UK) Limited in Runoff
- Aon Acquires Canadian Cyber Security Firm Cytelligence
- Searchlight Capital to Acquire Majority Stake in UK’s Global Risk Partners
- Update: Airline Flight Cancellations Due to Coronavirus
- The Unique Requirements of a Lloyd’s Syndicate-in-a-Box
- Lloyd’s 1st Syndicate-in-a-Box, Operated by Munich Re, Aims to Be an Innovation Lab
- Aon Taps Willis Towers Watson’s Carpenter for Global Super Yacht Leader in London
- Coronavirus Tests China’s Work-From-Home Capabilities
- Best’s See Limited Non-Life Insurance Losses in China From Coronavirus Epidemic
- AmWINS Names QBE’s Crane to Succeed Murphy As Head of THB, International Division
- EU Prepares for Coming of Facial Recognition– On Its Privacy Terms
- UK and EU Commence Sparring Over Post-Brexit Trade Rules
- Data Driven Business Models to Affect Entire Insurance Value Chain: Swiss Re Report
- Factbox: How Companies Are Reacting to Coronavirus
- As Economic Costs of Coronavirus Mount, China Accuses U.S. of Overreacting
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