International & Reinsurance News for January 2021
- Brazil Reinsurer IRB Rises 18% as Some Retail Investors Mimick GameStop
- Insurtech Trov Partners with UFODRIVE to Insure London-Based Electric Vehicles
- Dutch Court Orders Shell Nigeria to Pay Damages from Oil Pipeline Leaks
- China Emphasizes Communist Party Leadership in Governance of Insurers, Banks
- Businesses Should Take the Lead on COVID-19 Recovery, Climate Crisis: UN Chief
- Industry Underestimating COVID-19 Biz Interruption Losses: RenRe CEO
- UK Chancellor Sunak Seeks Deeper UK Insurance, Banking Ties with Switzerland
- Luxembourg Signs Restitution Agreement for Holocaust Victims
- Aon, Willis Announce Leadership Team for Post-Merger Brokerages
- AXA XL Names Colao as Global Chief Underwriting Officer for Cyber
- China Urges International Cooperation on Financial Services, Technology Regulation
- China Approves Allianz Bid to Open Insurance Asset Management Firm in Beijing
- Airlines Seek WHO Approval of Quarantine-Free Travel After Vaccines
- World Economic Forum: Allianz CEO Says Europe Must Alter Capital Rules for Climate
- If Tokyo Olympics Canceled, Loss for Insurers Would Be ‘Mind-Blowingly’ Big
- China’s Central Bank Says Ant IPO Could Resume Once Problems Resolved
- Everest Re Cites Social Inflation for $400M Prior-Year Reserve Charge
- Eurapco and B3i Introduce Unity, a Risk Transfer Service Built on Blockchain
- Pandemic-Related Business Interruption, Cyber Top Business Risks for 2021: Allianz
- Consumers Open to Sharing Personal Data with Insurers But Worry About Data Security
- European Researchers Turn to AI to Build Better Weather Data
- Olympics Board Expected to Focus on Safety; Unlikely to Cancel Tokyo Games
- Pirates Are Attacking Ships in Gulf of Guinea. Here’s Why and the Impact.
- Top Trading Firms Vow to Help Merchants Sailors Stuck on Ships Due to Coronavirus
- Spanish Court Orders VW to Pay $20M to Buyers in Diesel Cheating Case
- S. Africa Insurer Santam Begins Processing 4,000 Business Interruption Claims
- Libor Remains a Big Problem, But At Least It’s Getting Smaller
- Australian Securities Regulator Suffers Cyber Security Breach
- Nearly Two-Thirds of Global Catastrophe Economic Losses Unaddressed by Insurance
- ‘Totally Destroyed’ Indonesia Jet in Java Sea Makes Search Almost Impossible
- Volkswagen Talks Damages Claims Against Chip Suppliers Over Shortages
- Brazil Miner Vale, State Authorities Narrow Differences in Disaster Settlement: Reuters
- Lloyd’s Appoints Aviva’s Tiernan to New Chief of Markets Position
- Investors Suing Bayer Blame Drop in Stock on Buying Monsanto, Roundup
- China Says Its Fintech Antitrust Moves Not Targeted at Private Banks, Insurers
- Deadline Approaches for New York-Bermuda InsurTech Early Stage Competition
- TÜV SÜD Hit by ‘Significant Damages’ Claim in Germany Over 2019 Brazil Dam Tragedy
- Mexico’s Pemex Plan to Cut Refinery Jobs Presents Safety Risks, Document Shows
- In Third Lockdown, England Seeing ‘No Evidence of Decline’ in COVID-19 Cases
- China’s Top Financial Regulator Rejects ‘State Monopoly’ Criticism
- Trump Order Allows Government to Block Use of U.S. Cloud Services in Foreign Countries
- French Car Rental Firm’s Credit Insurance Woes Send Warning to Speculators
- Japan’s Automakers Adding Safety Technology for Often-Isolated Older Drivers
- Future of Russia’s Nord Stream 2 Pipeline Looks Increasingly Uncertain
- AXIS Insurance Hires Aon’s Boswell Brown, Aviva’s Whelan as Renewable Energy U/Ws
- Aon CEO Greg Case Recognized as Top Ally of LGBTQ+ Employees and Individuals
- Liberty Specialty Markets Launches German Terrorism Insurance Coverage
- AkinovA Granted Bermuda License to Operate as Electronic Insurance Marketplace
- AXA in Talks to Sell Singapore Unit Which Could Raise $700 Million
- Hamilton Appoints AXA XL’s Scully as Head of Casualty Insurance in Bermuda
- Indonesia Earthquake Leaves Thousands Homeless, Killing at Least 84 People
- Here’s How European Satellites Can Help Predict the Next Weather Disaster
- BGC Insurance Rebrands as Corant Global
- World’s Biggest Shipping Line Demands Action Against Piracy Surge Off West Africa
- Zurich Insurance to Stop Insuring Russia’s Nord Stream 2 Project: Sources
- AXIS Capital Decides to Stop Insuring Arctic Oil and Gas Projects
- Sompo Int’l Hires Generali’s Brown to Lead New London & International Property Team
- Initial Reactions to UK Supreme Court’s Ruling on Business Interruption Claims
- UK Insurance Ruling Is ‘Massive Boost’ for Businesses: Hiscox Action Group
- UK Supreme Court Rules Businesses Should Be Insured for COVID-19 Claims
- NFP Acquires Toronto-Based EdgeHill Insurance Brokers
- Willis Towers Watson Adds Shanghai to Global Markets Property/Casualty Hub
- Warming Arctic Is Key to Understanding Climate Change Risks, Experts Say
- Catlin’s Convex Group Raises Capital of $500 Million
- Brokerslink Expands Global Network with Brokers in Europe, Asia-Pacific and Africa
- UK Regulators Approve Lloyd’s Special Purpose Vehicle to Attract New Forms of Capital
- Generali CEO Plans to Restructure Top Management: Sources
- Howden Group Invests $84M to Support Its Treaty Reinsurance MGA, Tamesis DUAL
- RenaissanceRe Creates Environmental, Social and Governance (ESG) Strategic Areas
- COVID-19 Highlights Need for Protections for Millions of Homeworkers
- British Airways Faces Major UK Class-Action Lawsuit After 2018 Data Breach
- Marine Insurers Set to Raise Rates After Red Sea Attacks on Merchant Ships
- Canopius Re Receives License in Bermuda to Operate as Class 4 Reinsurer
- Zurich Insurance Emphasizes Compliance Standards as U.S. Eyes Nord Stream Sanctions
- Hamilton’s Lloyd’s Operations Hires Ormes from Chubb, Mognetti from Acappella
- Willis Towers Watson Launches Suite of Cyber Risk Management Assessments
- Indonesian Divers Recover Sriwijaya Air’s Flight Recorder
- UK Supreme Court to Provide Judgment on Business Interruption Appeal on Jan. 15
- Arthur J. Gallagher & Co. to Acquire UK Broker The Bollington Wilson Group
- UK Businesses Face Miles of Red Tape with New Brexit Border Rules
- Russian Spy Tools Linked to SolarWinds Hack, Says Cyber Security Firm Kaspersky
- Canadian Insurtech Apollo Closes C$13.5 Million Funding Round
- Broker New Dawn Risk Launches UK Division as Alternative to Big Brokers
- Sriwijaya Air Crash Puts Indonesia’s Poor Air Safety Record Under Fresh Scrutiny
- Deadly Landslide in Norway Will Cost Insurers at Least $107 Million
- UK Fines MT Global $32 Million for Money Laundering Breaches
- Earth Draws Closer to Climate Change Tipping Points After Another Year of Record Heat
- Blast at Chinese Battery Recycler Draws Attention to Industry’s Supply Chain Risks
- UK Must Avoid Being a ‘Mere Taker’ of EU Financial Services Rules in Return for Access
- European Companies to Seek Chinese Assets in Sectors Such as Insurance, Healthcare
- Who’s On the Hook If COVID-19 Vaccines Go Wrong?: Viewpoint
- Pro Global Expands in Latin America with Brazil Office
- Arthur J. Gallagher & Co. Acquires Canada’s Cain Insurance Services Ltd.
- Assoc. of Bermuda Insurers and Reinsurers Elects Arch Capital’s Grandisson as Chair
- Pen Underwriting Extends Long-Term Partnership with Zurich to Provide Fleet Capacity
- Global Natural Catastrophes Cost $210 Billion in 2020: Munich Re
- COVID-19 Pressures Threaten About 4,000 Small UK Financial Firms
- Marsh Launches UK & Ireland Sharing Economy & Mobility (SE&M) Industry Group
- Final Insured Losses for Australian Bushfires of 2019/2020 Estimated at A$1.866B
- British Columbia’s New COVID-19 Restrictions Disrupt Construction Projects
- January Renewals Saw Some of Sharpest Price Hikes in Recent Years: Howden
- TigerRisk Names Ridpath a Partner in Casualty Practice
- Peruvian Health Minister Points to ‘Controversy’ over Pfizer Vaccine Liability Waiver
- Top International Insurance M&As of 2020
- Genworth Eyes Partial IPO as $2.7B Deal with China Oceanwide Stalls
- UK Broker Specialist Risk Group Acquires KBIS British Equestrian Insurance
- UK-Based BMS Group Launches Asia Broking Operations with M&A Insurance Focus
- Abundant Capital Led to Moderated Price Hikes During January Renewals: Carpenter
- S. Africa Medical Insurers, Business Groups, Government to Fund Vaccines for Uninsured
- World’s Largest Insurers 2020: AM Best Ranks UnitedHealth, Allianz on Top
- Nexus Completes Acquisition of Hiscox MGA Marine Business
- South African Insurer Santam Accepts Liability for Some Rejected COVID-19 Claims
- Fatal Accident Halts Production at Hyundai’s S. Korean Factory After Refit for New EV
- Brazil Petrochemical Company Braskem Settles Lawsuits over Sinking City for $1.75B
- Aviation Reinsurance Rates Rise by as Much as 250% in January Renewals: Willis Re
- Premia Holdings Expands Reinsurance Capacity with Formation of Elevation Re
- Global Aviation Deaths Rose in 2020, Although Number of Crashes Fell
- Generali to Purchase AXA’s Greek Operations for $203 Million
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