International & Reinsurance News for March 2020
- Insurance Claims for February’s Australian ‘East Coast Low’ Estimated at A$794M
- SCOR-Backed Channel Syndicate Taps Coulson from Lancashire as Senior Underwriter
- Legacy Specialist Catalina Holdings Completes Purchase of Asia Capital Reinsurance
- New Argo Group CEO Rehnberg Aims for Transparency and Straight Shooting
- QBE Withdraws 2020 Financial Targets on COVID-19 Related Economic Uncertainty
- Global M&A Plunges 28% in Q1 as Coronavirus Hits Economies
- Activist Fund CIAM Keeps Pressure on Reinsurer SCOR – and its CEO/Chairman Kessler
- Insured Losses from Europe’s Storm Victoria (aka Dennis) Estimated at €286M: PERILS
- Allianz Australia Taps Laybutt from Deloitte as Chief Risk Officer, Succeeding Callahan
- South Korean Insurers Hit Hard by Evaporating Investment Returns
- Sirius International Launches Formal Process to Find a Buyer
- How Coronavirus Crisis Has Changed Underwriting at Lloyd’s of London
- Lloyd’s Faces COVID-19 Claims from Multiple Insurance Lines, Says CEO Neal
- Blenheim Gets Initial Approval from Lloyd’s to Launch New Managing Agency
- China’s Factories Hit with 2nd Blow from Coronavirus as External Demand Drops
- Former Lloyd’s CEO Beale to Become Chair of South Africa’s Mediclinic
- COVID-19 Quarantined Doctors Turn to Telemedicine to Keep Seeing Patients
- Pandemic Hampers World’s Weather Forecasts with Halting of Commercial Flights
- Insurer Ageas Uses AI to Create End-to-End Car Damage Assessments in UK
- Australia Firms Begin to Use Legal Clause to Terminate M&A Deals Amid Virus
- Lloyd’s Returns to Profit, Says in ‘Strong Position’ to Respond to COVID-19
- AM Best Warns Losses Could Be Big for P/C Insurers Writing Event Cancellation Business
- Zurich Expands Marine Insurance Platform into Additional Countries, Regions
- Dudley, CEO of Aon’s UK Global Broking Centre, Named Chair of LIIBA
- UK, U.S. Banks and Regulators Warn of Wave of Coronavirus Scams
- Guy Carpenter Partners with RiskGenius to Expand Silent Cyber Analysis
- India in Lockdown Rushes to Maintain Back Office Functions for Global Businesses
- Olympics’ Postponement Likely to Cost Insurers Much Less than Cancellation
- Insured Losses for Europe’s Storm Sabine (aka Ciara) Estimated at €1.55B: PERILS
- Tokyo Games Delayed to 2021 in 1st Postponement in Olympics’ 124-Year History
- Fitch Revises Outlook for London Insurance Sector to Negative on COVID-19 Impact
- Swiss Re Names da Victoria Lobo as Market Executive for Western, Southern Europe
- BMS Buys Spanish Specialist Insurance Broker Jurado Mata
- UK Travel Insurers Expect to Pay Record Coronavirus Claims of US$319M
- Western Supply Chains Begin to Buckle on Expanding Coronavirus Lockdowns
- Coronavirus Outbreak Exposes Flaws in Design of Pandemic Bonds
- French Insurers to Contribute $216M to Coronavirus Solidarity Fund for Businesses
- White Mountains’ NSM Insurance to Buy UK’s Kingsbridge Group
- Donelan Named CEO of Sompo International’s Reinsurance Unit, Succeeding Young
- Fitch Revises Global Reinsurance Sector Outlook to Negative; Rating Outlook Stable
- Wedding Insurance Excludes Pandemics, and Couples Find They Have No Cover
- European Insurers’ Coronavirus BI Claims Likely to Be Limited: Moody’s, ABI
- Swiss Re, Zurich Insurance in Talks with Swiss Regulator About Coronavirus Impact
- Coronavirus Strikes Post-Brexit Trade Talks with Top Negotiators in Isolation
- Swedbank Slapped with Record $386M Fine for Money-Laundering Breaches
- AXA XL Launches Insurance Policy for Autonomous Vehicles
- UK Regulator Warns Insurers to Have ‘Robust’ Coronavirus Contingency Plans
- Willis Towers Watson Taps Marsh’s Finbow as Head of FINEX Financial Institutions
- UK’s Prudential to Buy Thai Bancassurance Partnership from FWD Group
- Growing Exodus of Workers from City of London Cripples Small Businesses
- Lloyd’s Closes London Underwriting Room in Response to Coronavirus Crisis
- Good Piece of Advice from RMS CEO About Assessing a Change in Jobs
- RMS CEO White: Embracing Change in a Transforming Industry
- EU Insurers Must Preserve Capital Positions as Coronavirus Crisis Escalates: Watchdog
- AIR Worldwide Estimates COVID-19 Global Deaths Could Rise 10K-30K by End of March
- Olympics Organizers Remain Committed to Holding Games, Despite Coronavirus
- Aspen Appoints Chidwick as Chief Financial Officer, Succeeding Kirk
- P/C Insurers Score Low for Innovation, While Reinsurers Do Better: AM Best
- Lloyd’s Asks Market Insurers to Provide Estimates for Coronavirus Losses
- International General Insurance and Tiberius Acquisition Complete Merger
- Willis Towers Watson Launches Business Aviation Community Group
- Everest Re Restructures Risk Management Function, Naming Mango CRO, Chief Actuary
- EU Regulators Ask Firms to Delay M&A Antitrust Filings Due to Coronavirus
- Most British Companies Don’t Have Insurance for Coronavirus Closures: ABI
- Canopius Acquires Bermuda-Based Specialty Reinsurer Multi-Strat Holdings
- Fire Kills Five People at Petronas-Aramco Oil Refinery in Malaysia
- British Insurers Suspend Sale of Travel Insurance to New Customers
- RMS Appoints Steel as Global Head of Business Development
- After Australia’s 2019 Floods, Insurers Begin to Bail, Banks Keep Lending
- PERILS to Include Australian Motor in Industry Catastrophe Exposure Update
- Europe’s Soccer Clubs May Face $1B Bill if Coronavirus Forces Season Cancellation
- Lloyd’s Market Association to Close Office in Response to COVID-19
- VW Launches Software It Hopes Will Make Car Accidents Obsolete by 2050
- Italian Companies, Including Generali, to Provide Funds for Coronavirus Crisis
- Coronavirus Drives Patients to Online Doctors, Spurring Telemedicine Sector
- Italy’s Generali Posts Record Operating Result for 2019
- Oman Insurance Considers Making Bid for AXA’s Middle East Operations
- Update March 12: Insurance Conferences Canceled, Postponed, Going Virtual
- Lloyd’s to Shut London Building for Coronavirus Stress-Test – But Trading Will Continue
- Swiss Re Launches Digital Market Center Supported by Microsoft Data Analytics, AI Tools
- China Non-Life Insurers See Big Drop in Car Accident Claims in Coronavirus Silver Lining
- Insurers Face Big Investment Losses, Trade Credit Claims from Coronavirus Crisis
- Coronavirus Likely to Trigger Pandemic Bond Payouts to Poor Countries
- Possible Delay of Tokyo Olympics Dismissed by Head of Organizing Committee
- Skuld Announces Changes to London Management Team
- Australia Faces Worsening Bushfires Without Climate Change Action: Report
- UK to Spend £2.5B on Road Repairs; Potholes Cause 90% of Auto Insurance Claims
- AXA Plans to Form $156B Asset Management Unit, Catering to Alternative Assets
- Aon and Willis Towers Watson Say Merger Is All About ‘Getting Better, Not Bigger’
- Insurtech INSTANDA Raises $19.5M to Support International Expansion
- Reuters: Aon Alleges Fraud in $300M Brazilian Deal with Broker Admix
- Private Equity Firm KKR Shuts London Offices on Employee Diagnosis of Coronavirus
- Liberty Mutual Re Promotes Londoño to General Manager Colombia, Replacing Ospina
- Brazil Insurer Caixa Seguridade Postpones IPO on Coronavirus Worries: Sources
- Blackwater Founder Prince Gets License to Operate Insurer in Congo
- Europe’s Storm Dragi-Eberhard Cost Insurers €782M (US$882.9M): PERILS
- Nexus’ Broking Division Xenia Buys Howden’s UK Trade Credit Business
- AM Best Puts Ratings of Brazil Reinsurer IRB Under Review on Governance Issues
- Aon to Buy Willis Towers Watson
- UK Insurance Claims from Storms Ciara and Dennis Estimated at US$473.7M
- FACTBOX: Latest News on Coronavirus’ Health, Economic Impact
- UK’s Virgin Media, Owned by Liberty Global, Reports Database Breach
- Coronavirus Wreaks Havoc on Global Businesses as Infections Pass 100,000
- Smart Cameras, Baby Monitors at Risk from Hackers: UK Cyber Security Agency
- Hamilton Managing Agency Taps Aspen’s Fergusson as Head of Excess Casualty
- Hub International Acquires Ontario-Based LSM Insurance Services
- UK Fines Cathay Pacific $639,000 for Data-Security Lapses over 4-Year Period
- UK’s Aviva to Sell Entire Stake in Indonesia Joint Venture
- Tokio Marine HCC to Buy MGA GCube, Renewable Energy Specialist
- European Banks, Lloyd’s of London Develop Coronavirus Contingency Plans
- Brazil Reinsurer IRB Resseguros Replaces CEO, CFO on Governance Concerns
- French Court Deals Blow to Uber by Giving Drivers Employee Status
- Climate Change Heightens Risk of Fierce Australia Wildfires: Study
- Canada Government Must Move Quickly to Map Flood Risks, Insurers Warn
- Lawsuits Against Businesses Over Coronavirus Have Begun. More to Come?
- Insured Property Losses for Australia’s January Hailstorms Hit A$670M: PERILS
- Pool Re Completes £2.4 Billion Terrorism Retrocession Program
- Wholesale Broker H.W. Kaufman Finalizes Purchase of UK’s Barbican Protect
- EXOR to Sell PartnerRe to French Insurer Covea for $9 Billion
- Insurance Unlikely to Cushion Coronavirus Losses – But There Are Exceptions
- Half of World’s Sandy Beaches May Disappear, Say Climate Researchers
- New Insurer Relm Offers Cover for Cryptocurrency, Cannabis Businesses
- Parametric Insurance Could Offer Hotels Relief from Coronavirus Cancellations
- AIR Worldwide Uses Pandemic Model to Determine Countries at Highest Risk
- Coronavirus May Force Companies to Rethink Global Supply Chains: OECD Economist
- UK Financial Services Could Fare Less Well in U.S. Trade Deal than Energy, Cars
- Update: Swiss Re Plans to Make UBS CEO Ermotti Its Chairman in 2021
- Aspen Forms Adverse Development Cover Agreement with Enstar
- Re/Insurers to Feel Coronavirus Impact From Financial Market Volatility: Moody’s
- FACTBOX-Update on Coronavirus Around the World
- Chaucer Partners with Artificial Labs to Offer ‘Next Generation’ U/W Platform
- Lloyd’s Launches Cryptocurrency Wallet Insurance Policy
- Watford Holdings Announces CEO Rathgeber to Retire, Succeeded by Levy
International & Reinsurance News Archives
