International & Reinsurance News for May 2021
- Big Oil May Face More Climate Lawsuits After Shell Ruling, Say Lawyers, Activists
- People Moves: WTW’s Hegelbach to Newly Created Renewable Energy Role at Howden; Browne Is Division President, Consumer Lines, APAC, for Chubb
- French Regulator Dismisses Covéa Market Abuse Charges Filed Against SCOR’s Kessler
- India Oil Giant Under Fire for Offshore Disaster During Cyclone Tauktae
- Australia Weighs Capping Fees for Litigation Funders, Lawyers as Class Actions Surge
- COVID Takes Big Bite from Multiline Insurers’ Earnings, in ‘Manageable’ Event: S&P
- Ford Halts Production at Southern India Plant as COVID-19 Cases Surge
- Suez Canal Blames Container Ship’s Grounding on Its High Speed, Size of Rudder
- Italian Police Arrest 3 People After Funicular Disaster Kills 14
- BMS Launches Operations in Turkey, Hires Executive Team
- Lloyd’s, London Insurers Form Joint Venture with DXC to Transform Digital Processing
- Suez Canal Authority Is Open to Further Talks with Owners of Seized Container Ship
- Ardonagh Group Agrees to Purchase BGC’s Insurance Business for $500 Million
- Rising Global Temperatures Move Closer to Climate Change Tipping Point: U.N. Report
- Shell Loses Landmark Climate Case in Ruling with Global Implications for Big Oil
- People Moves: Ex-NewRe Executive Cussigh to Peak Re in Zurich; Key Changes at Euler Hermes; Daley Promoted at Sedgwick Australia
- Renault-Nissan Shuts South India Plant Until May 30 on COVID Safety Concerns
- Storm Surges Inundate Villages in Eastern India as Cyclone Yaas Moves Inland
- Many Workers Begin to Return to Offices Transformed by COVID Safety Innovations
- D&O Specialist MGA, Rising Edge, Launches with 4 Senior Appointments
- Finland’s Sampo Sells $1.7B Stake in Nordea Bank, as It Moves Ahead with Planned Exit
- Ransomware Attack Still Disrupting IT Systems of New Zealand Hospitals
- Swedish Tech Start-up Haidrun Launches Blockchain Platform Targeted at Re/Insurers
- People Moves: AFL’s Ralf to Ballantyne; Arab Insurance Group’s Albaharna to Trust Re; Hunt Promoted at Chaucer as Lines Plans to Retire
- Impending Dutch Court Decision to Test Shell’s Responsibility for Climate Change
- Generali Opens Representative Office in Brussels to Build Access to EU Decision-Makers
- Renault-Nissan, Hyundai Face Factory Closures in India over Workers’ COVID-19 Fears
- Industry Veteran Charman to Retire from Sompo Int’l, Succeeded by Zurich’s Shea
- Egypt Court Rejects Appeal to Release Giant Container Ship Seized by Suez Authority
- People Moves: Deloitte’s McIlquham to Acrisure; UIB’s Kassali to Willis Re; Peak Re’s Cheng to Acacia, Scope to Corant
- Africa Specialty Risks Launches Parametric Underwriting Division
- Air India’s February Data Breach Affected 4.5 Million Passengers
- Barclays Dragged into Bitter Feud Between SCOR and Covéa over Failed Hostile Takeover
- India Braces for Second Severe Cyclone in 10 Days
- Bank of England Plans to Nudge Companies to Cut Greenhouse Gas Emissions
- Hack of Leading Japanese Dating App Could Expose Personal Data of 2 Million Users
- Canada Faces Mega-Hurricanes if Climate Change Pushes Storms North: Swiss Re Warns
- Irish Health Service Hackers Offer Decryption Key – but $20M Ransom Demand Remains
- Africa Specialty Risks Launches Mauritius Reinsurer, Backed by PE Firm Helios
- Italy Probes Alleged Cartel Among Auto Insurers, Including Allianz Direct, Zurich
- Australia Bushfire Funding ‘Welcome’ but Insurance Tax Rise ‘Unsustainable’: ICA
- Europe’s Aviation Regulator Says Flying Taxis Could Be Airborne by 2024 or 2025
- People Moves: WTW’s Harvey to Acrisure Re; Fidelis’ Clapham to IGI; AXA XL’s Paeßens to Liberty Specialty Markets; Leggett Is CEO of Sedgwick Ireland
- Insurance Development Forum Launches Project to Build Colombian Climate Resilience
- Insurer Aviva Will Close 3 UK Property Funds Hit by Pandemic Economic Turmoil
- Square Pegs Becomes Castel Underwriting Cell, Offering Cover for Complex SME Risks
- UK Pushes G-7 Countries to Adopt Mandatory Climate Reporting for Big Companies
- Trial Operations of Flying Taxis, Cargo Drones Will Begin in England This Year
- London’s ‘Golden Age’ as Europe’s Financial Center Has Ended: NatWest Chair
- Irish Patient Data May Have Been Posted on Dark Web After Cyber Attack: Minister Says
- People Moves: Howden’s Rahmita Price to Ed Asia; 3 Price Forbes Hires; WTW’s Pires to NFP; Tres to Carpenter; PwC’s Eastman to Specialist Risk Group
- Howden Acquires UK Specialist Broker Medical Professional Risk Solutions (MPRS)
- India Continues Rescue Operations After Powerful Cyclone Tauktae Batters Region
- Ransomware Attacks Hit AXA’s Asia Units, New Zealand Health Provider
- Construction Firm Grupo Carso Faces Probe After Collapse of Mexico City Railway Line
- March Storm in Eastern Canada Cost Insurers C$50 Million
- Cyclone Sinks Barge Operated by India’s Oil & Natural Gas Corp., Hundreds Rescued
- Warming Arctic Permafrost Will Make It Harder to Curb Climate Change: Study
- Medical Protection Society Receives Approval to Form Full Lloyd’s Syndicate
- Howden’s Data, Digital and Analytics’ Division, HX, Launches in Asia
- Rousseau to Replace Kessler as CEO of SCOR, in Change to Succession Plan
- Buffett’s Berkshire Hathaway Takes Big Stake in Aon
- People Moves: Hannover Re’s Bruns to Peak Re; AIG’s Nagra to BHSI; 4 Mosaic Hires
- Update: Severe Cyclone Tauktae Slams India’s West Coast
- Digital Transformation Vital to Keeping London Market Competitive: Survey
- Climate Litigation Cases Booming After Paris Agreement – Often Led by Young Activists
- Aon to Sell Pensions Business in Germany, in Another Step to Get EU Nod for WTW Deal
- New Post-COVID Hybrid Work Arrangements May Not Be as Flexible as Desired
- People Moves: Marsh’s Daudt to Oneglobal; MS Amlin’s Boreham to Africa Specialty Risks; Zurich’s Jadav to AXA XL; RFIB’s Hallett to SiriusPoint
- Danish Lawmakers Eye New Probe of 1990 Ferry Disaster, with Insurance Focus
- Ireland’s Health Service Operator Hit by ‘Significant’ Ransomware Attack
- Britain’s Financial Services Sector ‘Not Optimistic’ About Getting Access to EU Markets
- DarkSide Hacking Group Blamed for Ransomware Attack on Toshiba Unit
- UK Supports Global Deal to Stop Cross-Border Financing of Coal Projects
- Japan Post’s Insurance Unit to Buy Back About $4 Billion of Shares
- People Moves: AXA XL Canada Names 5 Underwriters; MS Amlin Appoints 2 at Reinsurance Business
- Airbus, Air France Could Face Charges of Manslaughter over Deadly Crash in 2009
- ArgoGlobal Provides Capacity of $25M for Green Finance MGA Tierra Underwriting Ltd.
- Miller Launches Professional Indemnity Product for Freelance Solicitors
- Colonial Pipeline’s Cyber Insurers Include AXA XL, Beazley
- Specialist Risk Group Buys Dublin-Based MGA, Blackrock Insurance Solutions
- U.S. Hailstorms that Cost Insurers Billions – and Other April Natural Disasters: Aon
- Aon, Willis Towers Watson to Sell WTW Assets to Gallagher for $3.57 Billion
- Amazon-Backed India Insurer Startup Eyes Funding Round that Could Create $1B Value
- Zurich Insurance Expects Limited Exposure to Greensill Collapse
- Spain Gives Delivery Firms 90 Days to Convert Gig Riders to Employees
- People Moves: Everest Re’s Grace Moves to Allianz; Williamson Adds Role as Head of Everest Reinsurance
- Canada’s Riverview Insurance Solutions Merges with Sterling Capital Brokers
- Britain’s Financial Regulator Opens Investigation Into Greensill Collapse
- AXIS Re Appoints New Division Leaders
- UK Sees Surge in Cyber Scams Using Bogus Websites in 2020
- Apple Faces UK Lawsuit Over Claims it Overcharged 20 Million App Store Users
- French Court Throws Out Lawsuit for ‘Agent Orange’ Damage During Vietnam War
- Insurer UK Club Says Suez Canal Ship’s Reduced Claim Is Still Too Big
- Italian SPAC Aims to Target Deals in Insurance Sector
- Italy’s Generali Buys Stake in E-scooter Operator Ridemovi
- Insurers Seek to Find Ways to Make Pandemics Insurable
- Jailed Ex-Wirecard CEO Files Lawsuit Against Chubb to Get D&O Coverage
- Insurer AXA to Stop Paying for Ransomware Crime Payments in France
- Broker Gallagher in Talks to Buy Aon, Willis Assets for $3 Billion
- People Moves: Howden Adds Wijaya from Willis; LSM’s Simon Joins Brit; Lockton Re Hires Acrisure Re’s Shaw
- EU Summit to Discuss Vaccine Patent Waiver Proposed by U.S.
- Aon Forms EMEA Advisory Board to Grow M&A Practice
- China Insurtech Waterdrop Raises $360M in New York IPO: Reuters
- London Court Will Reconsider $6.9B Suit Against BHP Over 2015 Brazil Dam Collapse
- COVID Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz
- Insurer Disappointed After Egyptian Court Upholds Detention of Tanker Ever Given
- WHO Says China’s Vaccine Prevents COVID But Questions Data on Side Effects: Reuters
- EU Top Court Upholds Partial Ban on Bayer Pesticides
- Insurers Warn Canada’s Moving Too Slowly on Flood Mapping
- People Moves: AXA XL’s Powell Joins Zurich Financial Lines; BHSI Transactional Adds Lockton’s Thieviasingham
- Crews Complete Transfer of Cargo on Tanker Off China Coast
- Hiscox Q1 Overall Growth Offsets U.S., Cyber Repositionings
- Block Britain From Cross-Border Court Pact, Says EU
- Rescues Halted in Deadly Mexico City Railway Overpass Collapse
- French Regulator Urges Insurers, Banks to Speed Climate Change Response
- Commercial Insurance Price Hikes Begin to Moderate: Marsh
- Beat Capital Launches Tegron Specialty for D&O; Names Navigators’ Shore CEO
- Nurse Shortage Is Latest Obstacle for Tokyo Olympic Games
- India’s Choice Group Launches Digital Insurance Marketplace ISMOS
- European Commission Delays Aon-Willis Decision Until August
- Swiss Economy in Position to Bounce Back Strongly: KOF Institute
- S&P Forecasts Global Islamic Financial Industry Growth
- Chinese Insurtech Waterdrop Seeks $360M in New York IPO
- Fidelity Slashes Valuation of Restructured Ant Group of China
- Nexus Signs Delegated Authority Deal With Allianz Global Corporate & Specialty
- Gallagher Acquires Australia’s Mutual Brokers
- Swiss Re Scores Profit Despite COVID Death Claims, Catastrophe Losses
International & Reinsurance News Archives
