International & Reinsurance News for July 2020
- Italian Insurer Cattolica Paves Way for Tie-Up with Generali
- Lloyd’s Launches Culture Dashboard, Sets Gender Target for Market
- COVID-19 Couldn’t Stop Robust Quarter for ILS Issuance: Aon
- Canadian Life Insurers to See Double-Digit Profit Drop in Q2 on COVID-19 Impact
- EU Begins to Tackle Cyber Warfare with Targeted Sanctions
- S. Africa Insurers’ COVID-19 Payments May Be Too Little, Too Late, for Some Businesses
- Swiss Re Confirms H1 Loss of $1.1B with Combined Ratio of 115.8%
- Coastal Flooding Could Threaten 20% of World’s Economic Output by 2100: Study
- COVID-19 Pandemic to Intensify Risks for Insurers: EU Regulator
- Insurer Canopius Promotes Pike to Head of Credit & Political Risk
- AIR Worldwide Releases Updated Caribbean Cyclone and Earthquake Models
- Japan Government Urges Firms to Aim for 70% Telecommuting as COVID Cases Surge
- London Expects Only Half of Bankers to Return to Their Offices by Year-End
- Generali’s First Half Net Profit Drops 56.7% with COVID Hit
- Finland’s Sampo Oyj Explores Cash Offer of UK Insurer Hastings
- South Korea Investigates Suspected Safety Issues with Tesla Vehicles
- Aon and Insurtech Skytek Collaborate to Track Marine Assets During Hurricane Season
- Analysis: Fintech Funding Slides as Coronavirus Casts a Chill with Venture Capitalists
- S. African Insurers Bow to Policyholder Demands to Pay COVID Biz Interruption Relief
- PartnerRe Names Bonneau as President and CEO as Clarke Exits
- Guy Carpenter Names Piatti as Managing Director of Global Risk Solutions
- Firms Need Immediate Rethink on U.S. Data Transfers, Says EU Privacy Watchdog
- Insurtech Zego Partners with E-Scooter Firm, Ginger, to Insure 1st UK E-Scooter Trial
- Insurtech Fundraising Rises in Q2 with $1.6 Billion Invested
- What to Expect in Pandemic Insurance. Munich Re Expert Looks Back and Ahead.
- AIR Worldwide Releases Updated Earthquake Model for Australia
- AXA XL Announces Leadership Team for UK & Lloyd’s Region
- Germany to Reform Regulation of Insurers, Banks, Payment Firms on Wirecard Scandal
- South Africa Retailer Steinhoff Offers $1B to Settle Global Accounting Fraud Lawsuits
- Third Wave of Severe Flooding Expected in China
- South African Insurer Santam to Pay Virus Relief to Clients with Biz Interruption Cover
- Global Natural Catastrophe Losses During H1 Ranged from $68B to $75B: Munich Re, Aon
- Facebook’s WhatsApp to Expand Indian Partnerships to Offer Pensions, Insurance
- London’s International Underwriting Association Publishes New Motor Terrorism Clause
- Plastic Pollution in Oceans Expected to Triple by 2040
- London Broker Tysers Appoints Buesnel from Deloitte as CEO
- German Prosecutors Arrest Ex-Wirecard Execs on Suspicion of Running Criminal Racket
- UK, EU Clash over Post-Brexit Trade Deal as End-of-Year Transition Period Looms
- Lloyd’s Insurer Beazley Reports 1st Half Loss of $13.8M on Mounting COVID-19 Claims
- New Lloyd’s Syndicate-in-a-Box Created to Insure Transport of Future COVID-19 Vaccine
- Swiss Re Appoints Pasricha as Global Head P&C Solutions, Succeeding Schuh
- Swiss Re to Report $1.1 Billion Loss During First Half on Hit from COVID-19
- Zurich Insurance Decides Not to Renew Cover for Canada’s Trans Mountain Oil Pipeline
- QBE Expects H1 2020 Loss of US$750M on COVID-19, Natural Catastrophe Claims
- Miner BHP Calls $6.3B English Lawsuit over Brazil Dam Collapse ‘Pointless and Wasteful’
- Inconsistent Data Hinders Climate Risk Comparisons for Insurers, Banks: Regulator
- Brit’s Digital Syndicate Ki Taps Hearsum from Marsh JLT Specialty as Managing Director
- Insurer Beazley Launches Cyber and Financial Lines Insurance in Colombia
- Excessive Floods Endanger Aging Chinese Dams and Could Cause ‘Black Swan’ Disaster
- Wirecard Hires Forensic Investigator, Say Sources. Findings Could Aid in D&O Litigation.
- January’s Hailstorms in Australia Cost Insurers an Estimated A$1.8B (US$1.3B): PERILS
- UK Insurtech Startup battleface Offers COVID-19 Travel Insurance Package
- BHSI Names Amandi from Allianz as Head of Financial Institutions in Germany
- Update: Uber Braces for UK Legal Battles that Could End Its Reign in London
- France Weighs Insurance Options to Protect Companies, Jobs from Future Pandemics
- Private Equity Firm Aquiline Closes Investment in Dutch Broker Quintes Holding
- Swiss Re Appoints Bewersdorf as CEO of iptiQ, Its Digital Insurance Platform
- Aviation Broker Piiq Risk Partners Receives License to Operate in France
- SoftBank-Backed Indian Fintech Startup Seeks IPO Valuation of More Than $3.5B
- Update: COVID-19 Business Interruption Claims Take Center Stage in London Court Case
- China to Offer Additional Insurance, Financial Support for Flood-Hit Regions
- China Regulator Raises Cap on Equity Investments Made by Domestic Insurers to 45%
- Canadian Insurer Manulife Plans to Increase Diversity by 30% Within 5 Years
- China Takes Over Insurers, Other Firms Linked to Financier Missing Since 2017
- Coronavirus Claims of Estimated €80B Are ‘Manageable’ for Europe’s Insurers: Moody’s
- Investors, Insurers Warned of Risk of U.S. Sanctions for Russian Pipeline Ties
- Castel Acquires Dutch Marine Business from The Hartford
- London Market Group Launches Template for Free Trade in Financial Services
- Hailstorm in June Was One of Canada’s Costliest Thunderstorm-Related Events: Aon
- Adviser to EU Judges Says Online Platforms Not Liable for User Copyright Violations
- Shipping Losses at Record Lows, but COVID-19 Impact Could Threaten Safety: Allianz
- European Union Court Invalidates Special Data Privacy Shield Granted U.S. Firms
- Guy Carpenter Launches Hybrid Solutions UK with Willis Towers Watson’s Upton at Helm
- Swiss Insurers Oppose Tighter Immigration Rules, Says Swiss Re CEO in News Report
- S. African Regulator Says Business Interruption Virus Claims Don’t Pose Systemic Risk
- Reinsurance Capital Dips 6%, Tightening of Capacity Accelerates: Aon
- Insurance Agency and Brokerage M&A Trends to Watch Amid the COVID-19 Pandemic
- Liberty Specialty Names Rieger Head of Casualty Germany, Succeeding Offenhau
- Arch Estimates Q2 Catastrophe Losses Could Hit $225M, Which Include Pandemic Claims
- AIR Collaborates with Data Firm, Precisely, to Offer Int’l Address-Level Geocoding
- Many Skin Whitening Creams Containing High Levels of Mercury Are Sold Online
- Anglo-Australian Miner BHP Faces $6.3B Lawsuit in UK over 2015 Brazil Dam Disaster
- UK Watchdog Urges Big 4 Accounting Firms to Challenge Clients as Audit Quality Slides
- West African Coast Re-Emerges as Hotspot for Piracy, Kidnappings: Allianz
- Second Wave of Coronavirus Lockdowns Could Weaken Insurers’ Capital Buffers: S&P
- Aon Appoints Tunnicliffe as UK Chairman for Global & Specialty Business
- Face Masks Will Be Mandatory in English Shops as PM Johnson Responds to Pressure
- Just One-Quarter of UK Firms Are Prepared for End-of-Year Brexit Transition: Survey
- Russia Requires Firms to Develop Financial/Insurance Contingency Plans for Oil Spills
- UK Plans to Spend $6.6 Billion on Building Flood Defenses Through 2027
- Global Insurance Premiums Set to Rebound in 2021 After COVID-Related Dip: Swiss Re
- Russia’s Nornickel Denies Allegations of Cover-Up over Arctic Oil Spill
- Guy Carpenter Names Lawrence from Willis Towers Watson as Head of GC Fac UK
- Allianz Acquires P/C, Auto Insurer from Brazil’s SulAmérica for Nearly $600M
- UK Supreme Court to Consider Landmark Equal-Pay Case Against Walmart’s Asda
- U.S. Targets Ship Insurers, Maritime Industry to Strengthen Venezuela Sanctions
- China Braces for Continuing Floods in One of Worst Rainfall Seasons on Record
- Randall to Retire as Executive Chairman of Randall & Quilter Investment Holdings
- Capsicum Re Names New Chairman as Chilton Takes on New Role Within Gallagher
- Lloyd’s to Exit U.S. Admitted Market, Focus on U.S. Surplus Lines, Reinsurance
- South Africa Regulator Warns Insurers to Stop Broad Rejection of Virus Claims
- Insurers Are Creating Products for World Where Pandemics Could Become New Norm
- Profile: MGA Nexus Group Sets Sights on U.S. Growth, Even During COVID-19 Crisis
- London Workers Seek Assurance Transport System Is Safe Before Returning to Offices
- Canadian Insurtech MGA Foxquilt Raises Seed Funding to Develop Small-Biz Platform
- Kovrr Develops Open Framework for Measuring Catastrophic Cyber Risk
- AXA Investment Managers Sets 33% Gender Diversity Target on Company Boards
- Biggest Uncertainty for UK Insurers Remains Around Business Interruption Claims: BoE
- Willis Re Taps Moss from Lockton Re as Co-Head of Specialty Casualty Unit in London
- Generali Offers Remote Facility Inspection for Firms Coping with COVID-19 Travel Bans
- Lloyd’s Market Assn. Launches Delegated Authority Group to Set Future Business Model
- Lloyd’s Innovation Accelerator Focuses on COVID-19 Market Response with 3 Insurtechs
- QBE Sells Stake in India Insurance Joint Venture to Fintech Platform Paytm
- What ‘Follow the Fortunes’ Means for COVID-19 Reinsurance Claims
- Aviva’s New Boss Has One of Toughest Jobs in European Finance: Opinion
- AXA XL Names McGovern as CEO UK & Lloyd’s Market
- New Ventures Seize Opportunities as Insurers Cope with Coronavirus Losses
- Beazley Launches Booking System for Virtual Broker Meetings in New Business Reality
- Insured Losses for 2019/2020 Australia Bushfires Estimated at A$1.9B (US$1.3B): PERILS
- Argo’s CFO to Depart as Insurer Updates Executive Leadership Team
- New Business Interruption Insurance Class Action Launched in Canada
- Arctic Temperatures Soar to Record Levels in June, Stoking Wildfires: EU Data
- Wirecard Probe Expands with Arrest of Head of Dubai-Based Subsidiary
- India Investigator Recommends Moving S. Korea-Owned Plant After Gas Leak
- Russian Regulator Seeks $2B in Damages from Nornickel for Arctic Fuel Spill
- UK-Based Tech Platform Xchanging Hit by Ransomware Attack
- Heavy Rains Batter China, Raising Flood Alert Levels for Cities on Yangtze River
- Torrential Rains Cause Floods in SW Japan, with Nearly 40 Feared Dead
- ‘G4’ Swine Flu Virus Is Not New, Does Not Easily Infect Humans: China
- Canopius Launches Cyber Property Product to Address Silent Cyber Gap
- UK’s Aviva Names Former Zurich Exec Blanc as CEO, Succeeding Tulloch
- UK Accounting Watchdog Asks Big Four to Ring-Fence Audit Practices
- Climate Change Litigants Argue Human Rights, Consumer Harm in Suing Oil Firms
- Legacy Specialist Compre Signs 2nd Transaction with QBE
- Allianz Expects to Be Back on Track with Profit Targets as COVID Crisis Subsides: CEO
- How to Prepare for the Next ‘Black-Swan’ Event? Lloyd’s Has Some Suggestions.
- Sompo Global Risk Solutions Launches Team in London to Serve UK, Europe Markets
- AXIS Taps Woolley from GCube as Senior Underwriter, Int’l Construction Team
- From Enron to Wirecard – Big 4 Accounting Firms Still Face Systemic Problems
- S. African Insurers Are Pushed to Pay COVID-19 Business Interruption Claims
- UK Insurers, Banks Must Be Ready to Manage Climate Risks by End of 2021: BoE
- Marsh JLT Special Names Johnson Chair of UK Construction, Infrastructure & Surety
- Allianz Global Corporate & Specialty Restructures to ‘Regain Profitability’
- Allianz Ends Relationship with Wirecard Amid Accounting Scandal
- UK Proposals for Financial Services ‘Unacceptable:’ EU Brexit Negotiator
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