International & Reinsurance News for November 2022
- Insurance Broker BMS Group’s Owners Weigh Its Sale, With £600 Million Valuation
- Bitcoin Is Being Artificially Propped Up and Shouldn’t Be Legitimized: ECB
- Aircraft Lessors’ Lawsuits Against Their Insurers Rise to $8B for Seized Russian Planes
- Cyber Attackers Cripple IT Systems of Prominent Indian Hospital
- Western Governments Struggle to Set Russian Oil Price Cap Before Dec. 5
- Sunshine Insurance Begins Taking Investor Orders for $950 Million IPO
- Russia Seeks to Boost Recognition of its Shipping Insurance to Dodge Sanctions
- SMBC Joins List of Aviation Lessors Suing Insurers Over Jets Stuck in Russia
- People Moves: Aon Reinsurance Solutions Names New APAC Leaders; Cyber Risk Modeler DeNexus Hires Aguilar as VP of Sales, EMEA
- Surfers Accuse UK Water Companies of Illegally Dumping Raw Sewage
- Mosaic Insurance Launches Frankfurt Office to Boost European Growth
- Norway to Improve Security Around Submarine Fiber Cables for Oil & Gas Industry
- EU Insurers, Banks Face Tougher Rules on Use of Cloud Computing Giants
- People Moves: Tysers Insurance Brokers Names Former Chubb Exec Kendrick as Chair; Tokio Marine HCC Int’l Promotes Herrero as CEO for European Operation
- FTX Crash Injects Urgency Into Regulating Crypto Sector: Global Securities Watchdog
- Tesla Recalls More Than 80,000 Cars in China on Software, Seat Belt Problems
- Fidelis Receives Regulatory Nod to Create New MGU, Split Business
- Markel International Merges Professional and Financial Risks Division With Cyber Team
- Climate Activists’ Attacks on Paintings Add to Insurers’ Worries About Threats to Art
- Private Equity Firm KKR Nears €2.3 Billion Deal for French Insurance Broker April Group
- Liberty Mutual Explores $1 Billion Sale of Europe Businesses
- Property Cat Reinsurance Rates Likely to Rise by More Than 10% in January Renewals
- Is Britain Starting to Have Second Thoughts About Brexit?
- Ardonagh Group to Buy Australian Insurance Investment, Distribution Firm Envest
- FTX Collapse Ensnares Creditors Big and Small Across the Globe
- Cyber Protection as Important as Missile Defense Systems: Retired NATO General
- Australia’s Extreme Weather Events to Worsen as Climate Warms: Report
- Indonesia Earthquake Kills 268 Amid Collapsed Homes, Landslides
- China’s Fosun International Appoints Deutsche Bank to Sell Stake in Peak Re: Sources
- Zurich Insurance Plc Plans to Redomicile From Ireland to Germany in Post-Brexit Move
- Cyber Risk Modeler DeNexus Opens UK Office
- People Moves: Amwins Global Risks Promotes Cody to MD; Markel Bermuda Names Cardoso Head of Office; BMS Re Taps QBE Re’s Larson for Casualty Broking
- China to Fine Ant Group More Than $1B as Regulatory Revamp Nears End: Sources
- Russia Says It Won’t Sell Oil to Nations That Cap Prices
- Aircraft Lessors Sue Insurers for $6.5 Billion Over Planes Trapped in Russia
- COP27 Delivers Climate Fund Breakthrough at Expense of Progress on Emissions
- People Moves: Liberty Specialty Mkts Names Intact’s Conran as CUO; Arch Taps WTW’s Bradley as Cyber U/W; Rokstone’s iFarm Underwriting Recruits from Marsh, Geo
- Lloyd’s of London Estimates Claims From Hurricane Ian of US$2.3B-US$3B
- Maersk Settles Rape Case That Raised Awareness of Struggles of Women Seafarers
- FTX Collapse Shows Need to Regulate Crypto World: Bank of England
- Tesla Safety Is Focus of South Korean Criminal Trial Over Fiery, Fatal Crash
- Persistent ‘Underperformance’ at SCOR Prompts S&P Downgrade to ‘A+’
- 4 German Carmakers, Bosch Manipulated Emissions Software, Environment Group Says
- Chubb Gets Regulatory Nod to Raise Stake in China’s Huatai to 83.2%
- Explosive Residue Found at Site of Nord Stream Leaks, Confirming Sabotage: Sweden
- Taiwan’s Financial Services Firms Cut China Exposure by 20% to Record Low
- China’s Sunshine Insurance Gets Approval for $1 Billion IPO: Sources
- UK Government Pushes Forward With Long-Awaited Insurer Reforms
- People Moves: Generali’s GC&C Names Marcato to Lead Financial Lines; BHSI Promotes Taylor for Property in ANZ; Optio Taps Hartford’s Barrett for Financial Lines
- Turkey to Demand Oil Tankers Have Proof of Insurance, Adding Teeth to Russia Sanctions
- UK Insurers Provide Test Case for Post-Brexit ‘Unshackling’ From EU Capital Rules
- Allianz CEO Baete Sees ‘Huge Opportunity’ From Asset Management in China
- IRB Brasil Re’s CEO Carvalho Resigns; Board Elects Falcao as Successor
- NFP Acquires Dublin-Based Life & Health Adviser, Tailored Finance Ltd.
- Bank of England Chief Questions Government Plan for Post-Brexit Financial Rules
- Hacker of Crypto Exchange FTX Revealed as One of Biggest Holders of Token Ether
- Ryan Specialty Transactional Risks International Opens Office in Copenhagen
- Counting the Rising Cost of Climate Change With Top Most Costly Natural Disasters
- UK Insurtech, Send Technology, Raises £9 Million to Expand in UK and U.S.
- EU Monitors FTX Collapse as Major Crypto Law Enters Final Stages
- UK Government in Advanced Talks With Regulators on Insurance Capital Reforms
- European Countries Face Strikes, Protests Due to High Energy Prices, Cost of Living
- Five Iran-Connected Oil Tankers Lose Their Flags Following U.S. Sanctions
- AI-Powered Claims Specialist omni:us Closes €12M Financing Round
- People Moves: Marsh Names Adamantiadis CEO, Continental Europe; SCOR Taps Chubb’s Bartolo for EIL; Chubb Global Mkts Promotes Driscoll in Financial Lines
- Antares Bermuda Receives Approval From Lloyd’s to Write Business as Coverholder
- Aircraft Lessor BOC Aviation Sues 16 Insurers Over Claims for Jets Stuck in Russia
- Legacy Specialist Enstar Completes Loss Portfolio Transfer With Argo Group
- Collapsed Crypto Exchange FTX Flags Millions of Dollars of Unauthorized Transactions
- Aon Buys Mexico’s ERN, Expanding Its LatAm Catastrophe Modeling Capabilities
- UK Government Rushes to Outline Proposed Power to Overrule Financial Regulators
- 3 Australian Banks Settle Class Action Lawsuits Over Sale of Credit Insurance Products
- Half a Million UK Workers Drop Out of Workforce Citing Long-Term Illness, Mental Health Problems
- Abortions, Drug Use Exposed in Cyber Attack on Australian Health Insurer Medibank
- Reuters: Russian Oil Cap Spurs Insurer Fears of Oil-Laden Ships Being Left at Sea
- Tech Update: Risk Solved and expert.ai Offer Language-to-Data Solution for Insurers; Zurich Insurance Launches Global API Marketplace
- People Moves: Everest Re Taps AXA XL’s Mann to Lead Casualty, UK; RenRe Promotes Marra to CUO; Lockton Re Names Aon’s Ryan for Retrocession & Property Specialty
- By Modeling Players’ Insurable Values, Lloyd’s Predicts England Will Win World Cup
- Zurich Insurance Expects $550M Hit From Hurricane Ian, but On Track to Beat Targets
- Medibank Hack Could Cost A$700M for Damages and Fixes
- Global Securities Regulators Plan Closer Scrutiny of Carbon Trading
- People Moves: Vantage Taps Hamilton’s Skerlj as Chief Risk Officer; Hamilton Promotes Baker to Group CRO; LSM Names Garcia Larriu for Senior Role in Spain
- African Insurers Pledge $14 Billion of Cover for Climate Disaster Risks
- Aviva Plans ‘Regular and Sustainable’ Investor Payouts as Premiums Rise
- How Climate Change Will Affect Countries Around the World
- Data Stolen From Australian Health Insurer Medibank Posted on Dark Web
- Former Danske Bank CEO Cleared in $322M Investor Lawsuit
- World Bank to Host Facility for Climate Disaster Risk
- Australian Corporate Watchdog Investigates Firms for ‘Greenwashing’
- Grounded Oil Supertanker Could Take Month to Free: Indonesian Navy
- Reuters: Crypto Exchange Binance Helped Iran Firms Trade $8B Despite U.S. Sanctions
- Lloyd’s Broker Servca Acquires MedMal Specialist Medicas
- Allianz to Halt Paid Twitter Ads, for Now
- Tesla Raises Insurance Incentives in China to Boost Purchases
- COP27 Kicks Off With Deal to Discuss Compensating Poor Nations for Global Warming
- Brazil’s BB Seguridade Raises Full-Year Forecasts as Q3 Profit Jumps 69%
- Inflation, Debt Crisis, Cost of Living Pose Top Business Risks in G20 Nations: Survey
- Online Startup Waada Buys Rival to Become Pakistan’s Largest Insurtech
- Tanzanian Plane Crashes Into Africa’s Lake Victoria, Killing 19
- Cyber Attack on Australian Insurer Medibank Far Bigger Than Initially Thought
- People Moves: Dale Enters Marine Re With 2 MS Amlin Hires; Chubb Taps AGCS’ Turberville as Head of Hull, Global Mkts.; Argenta Names Blackwell Head of Property
- Gallagher Buys Irish Broker Doyle Mahon, Rebrands Innovu After Recent Acquisition
- Robust Business Continuity Plans Need Regular Updates – and Insurers Play Vital Role
- Ukraine War, Geopolitics Fuel Cyber Attacks: EU Agency
- TotalEnergies to Take Legal Action After Greenpeace Says it Under-Reports Emissions
- UK to Cap Price of Russian Oil Using Insurance, Brokerage, Shipping Services Ban
- Dutch Government to End Credit Insurance for Fossil Fuel Exports
- Tech Update: Canopius to Launch Tech and Data Hub in UK
- Everest Unveils Refreshed Brand, Reflecting Commitment to ‘Underwrite Opportunity’
- Nord Stream 1 Operator Finds Craters at Damaged Pipeline Site
- Lisa Weakens to Tropical Storm After Leaving Belize’s Largest City in Darkness
- Allianz Global Investors Aims to Raise $1B for Fund Focusing on Climate Resilience
- China Orders Fresh Lockdown in Industrial Park Around Major Apple iPhone Plant
- Lloyd’s Insurer Ascot Resumes Quoting Cargo Insurance for Black Sea Grain Shipments
- French Defense Group Thales Says Hackers Claim to Have Stolen Data
- Russia Says it Will Resume Participation in Ukraine Grain Deal
- China’s Regulators Commit to Growth and Reforms, Seeking to Allay Foreign Concerns
- People Moves: Chaucer Taps AXA XL’s Tuggey to Lead Cyber; LSM Appoints Chubb’s Vince for Broker Mgmt; QBE Int’l Names Stokoe, Fuller to Exec Board, Expanding Roles
- Hong Kong Scraps Market Trading as Storm Nalgae Draws Near
- Ardonagh Advisory Acquires UK Consultant, Stallard Kane Group
- Insurers Stop Offering Cargo Insurance for Ukraine Grains Shipments: Sources
- Group of Financial Services Firms Calls for G20 Governments to Detail Climate Plans
- Where Do Climate Pledges Stand a Year After COP26?
- People Moves: AXA XL Appoints Owen for Bermuda Professional Lines Team; Miller Names Beazley’s O’Connor as Chief Information Officer
- South Korea Blames Lack of Crowd Control as Factor in Fatal Crush
- Road Accidents Jump 22% During Week After Clocks Go Back
- Initial Insured Loss for Typhoon Nanmadol Estimated ¥114B (US$768M)
- Jensten Group Completes Acquisition of UK Broker J Bennett & Son
- Tropical Storm Lisa on Track to Strike Belize as 12th Atlantic Storm of 2022
- Carlyle Aviation Sues Insurers Over Seized Planes Leased to Russian Airlines
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