International & Reinsurance News for November 2020
- Aviva in Talks to Sell Units in France, Poland and Italy, CEO Confirms
- Ant Group’s Massive, Suspended IPO May Not Be Revived Until 2022
- Lloyd’s Gets Nod to Transfer European Policies to Lloyd’s Europe in Time for Brexit
- HDI Global Specialty Renews Agreement with German MGA AMANIKI
- Ki Syndicate 1618 Binds 1st Risk with AmWINS’ Broking Unit THB
- AXA Sells Persian Gulf Business for $269 Million to Kuwaiti-Based Group
- Vienna Insurance Bolsters Position in E. Europe with Purchase of Aegon Unit
- Europeans Buy Older Cars to Avoid Public Transport During Pandemic
- AIA Cuts Coal Investments as Scrutiny Grows on Financial Firms’ Carbon Assets
- Established Insurers Could See Market Share Squeezed by Fintechs, EU Says
- Private Equity Investors Pelican Ventures, J.C. Flowers Complete Ariel Re Deal
- Brokerslink, Swiss Re Collaborate on Int’l Program Administration Platform
- UK Insurer and Roadside Recovery Firm, AA Plc, Accepts Private Equity Offer
- Brexit Trade Talks Make ‘Genuine Progress,’ but Risk of No Deal Remains
- Third Point Re and Sirius Group Get Shareholder Nod for $788M Merger
- SCOR CEO Expects Double-Digit Reinsurance Rate Hikes in January Renewals
- Coal Financing Drying Up as More Countries Target Zero Carbon Emissions
- No-Deal Brexit Would Cause More Damage to UK than COVID: BoE’s Bailey
- COVID Passports Could Speed Up Revival of International Travel
- Swiss Re Corporate Solutions Hires Allianz’ Baacke as Head of Risk Engineering Services
- UK Insurer Aviva Sells Stake in Italian Life Unit for $475 Million
- Howden Buys Cyber and Tech Specialist Broker Safeonline
- Hamilton Launches New Bermuda Special Purpose Insurer Called ‘Ada Re’
- BMS Names Madell as Director in New Financial Lines Division
- Ping An’s Goal to Pivot from Finance Group to Tech Giant Is Now Threatened
- Huge Vestas Wind Turbine Collapses in Northern Sweden in Rare Accident
- Digital Lloyd’s Syndicate Ki Goes Live with List of Broker Trading Partners
- UK Finance Minister Is Optimistic About Brexit Deal – But Not at Any Price
- New Insurance Group Inigo Raises $800M of Capital; Founded by Former Hiscox Execs
- Aon Hires Marsh’s O’Donnell as Client Director in PFI and Infrastructure Team
- Insurtech Blink Launches Non-Damage Business Interruption Parametric Solution
- South African Insurer Santam to Appeal COVID-19 Business Interruption Ruling
- UK Hasn’t Compromised Enough for Brexit Trade Deal as Deadline Looms, EU Warns
- Swiss Re Confirms Financial Targets Despite Pandemic
- Lawmakers Aim to Ensure UK Financial Services Stay Competitive Globally After Brexit
- Aon Secures $70M in Alternative Capital Capacity to Transfer Systemic Cyber Risk
- Pace of Broker Acquisitions Picks Up in 2nd Half, After COVID-Linked Lull in Q2
- Roberts Appointed as Global Renewable Energy Leader, Marsh JLT Specialty
- HSB Canada Launches ‘Sensor Systems by HSB’ to Help Cut Commercial Water Claims
- AXA XL Promotes Harris to Head of Energy, UK & Lloyd’s Market
- Canada’s Intact Financial Caps Decade of Acquisitions with $9.4 Billion RSA Deal
- Global COVID-19 Insurance Losses to Be Higher than Early Estimates: Lloyd’s Chairman
- Starr’s Greenberg Sees Opportunity for Fresh Start for U.S.-China Relations Under Biden
- Generali Aims to Become Top Player in Asset Management
- Three Arrested for Dresden Museum Theft – But Jewelry Is Still Missing
- Enstar to Sell Starstone’s Lloyd’s Managing Agency to New Re/Insurance Venture Inigo
- Norwegian Cruise Ship Operator SeaDream Cancels All Sailings After Virus Outbreak
- Aon Launches Asia Pacific Capital Advisory Unit to Assist Re/insurer Clients
- UK Insurer RSA Accepts $9.6 Billion Cash Takeover Offer
- South African Insurer Santam Loses COVID-19 Business Interruption Test Case
- Insurers Using Counter-Intuitive Arguments to Escape COVID Liabilities: UK Regulator
- Specialty Re/Insurer Convex Group Raises $1B in Additional Capital
- Flexible Work Could Boost Applications from Women for Senior Roles by 20%: Zurich
- Is the Aviation Insurance Market Ready for a COVID-19 Vaccine?
- Swiss Re Names Kitsikis as Head of Client Markets P&C for Canada, English Caribbean
- Ten Largest Insurance Markets Likely to See 4.5% Drop in GDP During 2020
- Most Powerful Atlantic Hurricane of 2020 Hits Central America
- Canada’s Banks, Insurers to Participate in Pilot Climate Risk Project
- World Encouraged by Moderna, Pfizer Vaccines’ Success in Trials
- 3 Typhoons in 3 Weeks Kill 100-Plus People in Philippines, Causing Damages of $518.5M
- Insurers Tell UK Supreme Court They Cannot Provide Unlimited Cover During Pandemic
- Update: Hurricane Iota Threatens Honduras, Nicaragua, Just Days After Storm Eta
- Specialty Re/insurer Chaucer Launches Bermuda Reinsurance Branch for U.S. Business
- HSB Offers Consultancy Services in UK, Ireland to Help Firms Improve Life of Equipment
- Medical Costs of COVID Patients 50% Higher Than Before Hospitalization: German Study
- AXA Disputes Ruling that It Must Pay Millions of Euros in Back Taxes: News Report
- Brookfield Asset Management to Launch Reinsurer; Distribute Shares to Investors
- Goldman Eyes More Business From Europe’s Insurers With Barclays Hire
- Italy’s UnipolSai Stays on Profit Track Despite Coronavirus Resurgence
- Chinese Grain Plant in Argentina Resumes Operations Following Fatal Accident
- Irish Brewer Guinness Recalls Non-Alcoholic Stouts As Safety Precaution
- Japan Electric Company Gets Local Approval to Restart Nuclear Reactor
- 3 Killed in Accident at Chinese Grain Plant in Argentina
- Zurich Insurance Reports Sales Growth, Higher Rates, Modest COVID-19 Claims
- Pandemic Risks to Last for Months, Warns Swiss Financial Market Supervisor
- U.S. Sanctions to Target Insurers In Fight Against Russia-to-Germany Nord Stream 2
- UK Hopes New Task Force Reassures Business Leaders Over Brexit
- Coverys Managing Agency Placing Lloyd’s Syndicate 1991 Into Runoff
- EU Still Seeking Clarity Over Britain’s Financial Services, Insurance Rules
- Hamilton Promotes 3 at Lloyd’s Unit as Managing Agency CEO, CUO Resign
- Tropical Storm Eta’s Rains Threaten Floods for South Florida, Cuba, Bahamas
- London Stock Market to Require Climate Disclosures for Listed Companies
- Philippine Insurers Under Pressure to Meet New Capital Requirement Amid Pandemic
- Study Shows COVID-19 Patients at Greater Risk of Mental Health Problems
- Equity Firm Cinven and Singapore’s GIC to Buy Insurance Broker Miller from Willis
- English Court Blocks $6.6B Brazil Lawsuit Against Mining Firm BHP Over Burst Dam
- Q&A: Where Drugmakers Are in the Race for COVID-19 Vaccine
- Digital Lloyd’s Syndicate Ki to Provide Howden with Follow Capacity
- Chubb Names New Country President for Vietnam’s General Insurance
- Top Investor Group Including Allianz Warns Firms to Cut Ties to Coal
- EU Warns of New Wave of Consumer Scams Amid COVID Resurgence
- Arthur J. Gallagher & Co. Acquires Canada’s Optimum Talent Inc.
- The $9.5 Billion Takeover Offer for RSA May Be Too Good to Refuse: Opinion
- Weakened Storm Eta Moves over Honduras with Heavy Rains. Next Stop Cuba, Florida?
- Q3 Global Commercial Insurance Pricing Rockets 20% Higher: Marsh
- Allianz Reports Unexpected Increase in Q3 Net Profit of 6%
- Update: UK Insurer RSA Receives $9.4B Takeover Offer From Intact Financial, Tryg
- Arthur J. Gallagher & Co. Buys Australia’s Effectus Consulting Pty Ltd.
- Coverys European Holdings Subsidiary Acquires Lloyd’s Italian Coverholder Gava
- Lloyd’s Drops Plan to Form Electronic Exchanges, Opting to Work with Existing Platforms
- Another Severe Storm Threatens Philippines Just Days After Super Typhoon Goni
- K2 Financial Receives Additional Capacity from Chaucer
- Insurer RSA Says Pandemic Exclusions Will Limit Impact of England’s 2nd Lockdown
- Hyperion Insurance Group Rebrands as Howden Group Holdings
- Hub International Acquires Alberta, Canada Broker Stalco Insurance
- The Co-operators Buys Canadian Broker Linda Rioux Assurances
- Category 4 Hurricane Eta Makes Landfall in Nicaragua, with Dangerous Floods Expected
- AGCS Names Generali’s Baker as Regional Head of Liability for London, Nordics Unit
- China’s Shock Suspension of Ant Group’s Listing Set to Hit Business Valuation, Growth
- BMS Appoints Massis as Chairman of Australian Affinity Business
- Swedish Insurer Folksam Accidentally Leaks Private Data on 1 Million Customers
- Update: China Suspends Ant Group’s $37 Billion IPO
- Analysts, Investors React to China’s Suspension of Ant Group’s Mega IPO
- Arch Capital to Buy Watford for $700M in Cash, with Support from Former Rival Enstar
- Nigerian Insurers Expect Record Claims from Police Brutality Protests
- UK Supreme Court to Hear Appeal of COVID Business Interruption Test Case on Nov. 16
- Private Equity Investors Pelican Ventures, J.C. Flowers to Buy Ariel Re from Argo Group
- Guy Carpenter Launches Mutual, Agency and Captive Reinsurance Solutions Practice
- Rescue Efforts Continue After Earthquake Strikes Turkey, Greece with at Least 57 Dead
- Brexit Negotiations to Continue This Week as EU, UK Push to Save Trade Deal
- Tropical Storm Eta Ties 2005 Record for Most Named Atlantic Storms in One Year
- Australian Pension Fund Agrees to Settle Landmark Climate Risk Litigation
- Japan’s Largest Airport Opens COVID-19 Testing Lab for Departing Travelers
- Retail Investors Placed Bids for Record $3 Trillion of Shares in Ant Group’s IPO
- World’s Strongest Storm in 2020 Kills at Least 16 in Philippines
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