International & Reinsurance News for May 2023
- Environmental Platform Urges 1,600-Plus High-Emitting Firms to Disclose Data
- What a Dark Fleet Tanker Looks Like: 23 Defects, Eight Different Names
- People Moves: Hong Kong’s FWD Names Former SiriusPoint CEO as Group CFO; Lloyd’s Names Beazley’s Turk as Chief Underwriting Officer
- Markets/Coverages: U.S. Cannabis-Focused MGU Opens for Business in Europe
- Suspected State-Backed Hackers Hit Series of New Targets in Europe, SE Asia
- CFO of UK’s Prudential Resigns Amid Probe Into Conduct
- People Moves: Hiscox Appoints Bloomer as Chair, Succeeding Childs; SCOR Names de Varenne as Group CFO and Deputy CEO
- Verisk Buys London-Based Morning Data, an End-to-End-Processing Supplier
- Marsh McLennan’s Guy Carpenter to Buy Israeli Reinsurance Broker, Re Solutions
- Taiwan Rushes to Prevent China From Cutting Internet, Phones
- Update: List of Insurers Exiting Climate Group Grows, Including Lloyd’s, Tokio Marine
- Germany’s Talanx Buys Liberty Mutual’s Latin American Business for 1.38 Billion Euros
- Allianz’ PIMCO Weighs Joining Investors Suing Over Credit Suisse AT1 Bonds
- People Moves: SiriusPoint Names Lopez as CTO, Succeeding Siry; IQUW Appoints MacDonald and Hennessey to Lead Property; Chaucer Promotes Tighe to Head of ESG
- Typhoon Mawar Is Most Powerful Storm of 2023, So Far
- Dutch Watchdog Probes Alleged Tesla Data Breach
- Georgian Billionaire Wins $926M From Credit Suisse After Fraud
- Reuters: Lloyd’s Register Drops Ships of Top Indian Carrier of Russian Oil
- Climate Alliance Sounds Alarm on ‘Political Attacks’ on Insurers
- People Moves: Cowbell Names CNA’s Bilbao as UK Director of Underwriting; Allianz Commercial Promotes Execs in Iberia, Latin America
- Generali Confirms 2024 Targets After Q1 Profits Rise on Strong Non-Life Performance
- UPDATE: ESG-Bashing Triggers More Defections From Insurer Climate Group
- China Rejects Claim Its Spies Are Penetrating Western Critical Infrastructure
- Insurer Aviva Says UK Demand for Private Health Jumped Amid NHS Strikes
- Lloyd’s of London CEO Neal Calls for Rethink of UN Climate Alliance Rules
- EU Sets Out Plans to Cut Price of Financial Products Offered by Banks, Insurers
- Anti-ESG Rhetoric in U.S. Prompts Urgent Talks as Insurers Quit Climate Coalition
- Brown & Brown Agrees to Buy UK Parent of Nexus Underwriting, Xenia Broking
- AXA Venture Partners to Raise €1.5 Billion Fund for Investments in Tech Startups
- Analysis – EU Power Battle Could Hamper Proposed Safeguards for Financial Products
- Update: Activist Investor Cevian Sells Entire Stake in UK Insurer Aviva
- Cyber Attack Could Threaten Canada’s Overall Financial Stability: Central Bank
- Italian Insurer Unipol and SpaceX Join Forces to Help People Hit by Flooding
- World’s ‘Carbon Majors’ Face Biggest Share Price Hit From Climate Litigation: Study
- U.S. Seeks Labor Rights Probe at Goodyear Tire in Mexico
- AIG to Sell Validus Re to RenRe in $3B Deal
- Swiss Re Becomes Fourth Insurer to Leave Net Zero Group
- People Moves: Aspen Appoints Boon Head of Singapore; Liberty Mutual Hires Patrick Thielen Global Head of Cyber; Guy Carpenter Makes Senior Moves in Europe
- Lawmakers Warn Leaky, Crumbling UK Parliament at Risk of ‘Catastrophic’ Event
- France and Germany Show No Sign of Agreement on Role of Nuclear in Clean Energy
- Governments Race to Regulate AI Tools
- Exxon Says Guyana Insurance Dispute Could Cut Revenue $350M/Month
- Fruit Harvest Faces Ruin After Floods Hit Italy’s Emilia-Romagna
- Meta Hit With Record $1.3B Fine Over Data Transfers
- G-7 Steps Up Russia Sanctions, Seeks to Cut China Trade Dependency
- ‘Spoofing Shop’ Scammer Who Helped Criminals Pose as Bankers Jailed for 13 Years
- London Court Throws Out Lawsuit Against Google Over Medical Records
- No Respite for Wildfire-Hit Alberta as Conditions Set to Worsen
- ClientEarth Challenges UK Court Dismissal of Shell Climate Lawsuit
- Britain Awards 20 Offshore Carbon Storage Licenses
- Posing as Islamists, Russian Hackers Take Aim at Sweden
- US, UK, Others Seek to Target Illicit Oil Shipping Transfers at Sea
- Aon Sues Alliant Over ‘Unlawful Raid’ of Reinsurance Group
- Arthur J. Gallagher Subsidiary Acquires Dublin’s Allied Risk Management
- Everest Re Group Rebrands to Everest Group
- Ukraine Black Sea Grain Deal Extended for Two Months
- EU Spat Over Nuclear Energy Escalates as Key Vote Is Delayed
- Crypto Should Be Regulated as Gambling, UK Lawmakers Say
- Stellantis Tells UK to Change Brexit Deal or See Car Plants Close
- Alleged Russian Hacker Charged in $200 Million Ransomware Spree
- People Moves: Hamilton Appoints Brown as Chair of Board of Directors; Canopius Taps Hartley From AXIS to Lead New Aviation Reinsurance Business
- Acrisure Acquires Portuguese Broker Universalis
- Last Ship Leaves Ukraine Port With Fate of Black Sea Grain Deal in Russia’s Hands
- Insurtech WeFox Raises $110 Million in Extension to 2022 Funding Round
- Specialist Risk Group Acquires UK Specialist Broker TLO Risk Services
- Tests Clear Recalled Philips Sleep Apnea Machines of Health Risks: Company
- Howden to Restructure Business Under Single Global Management Structure
- Arthur J. Gallagher & Co. Acquires Australia’s Mavco Insurance Group
- Hong Kong’s FWD Weighs Pre-IPO Round as Listings Slow: Sources
- Update: Oil Majors Should Pay $12B to Repair Damage in Nigeria: Report
- Cyclone Mocha Is One of Strongest Storms Recorded in North Indian Ocean
- New Zealand Pledges $720M for Cyclone and Flood Recovery
- People Moves: Gallagher Re Names Kerton as CEO for UK Region, Succeeding Wakefield; Swiss Re Corporate Solutions Promotes Hall for UK, Ireland, S. Africa, EMEA Wholesale
- AXA’s Capital Buffers Beat Expectations as Q1 Sales Rise
- Posing as Islamists, Russian Hackers Take Aim at Sweden
- EU Weighs Cyber Plan Aimed at Keeping Cloud Data in Europe
- Cyclone Mocha Hits Bangladesh, Myanmar, Forcing Mass Evacuations
- London Judge Dismisses Lawsuit Accusing Shell Board of Climate Failures
- Hedge Fund Manager Loeb Drops Buyout of $1.5B Re/insurer SiriusPoint
- Amsterdam’s Phillips to Pay $62M to U.S. for China Sales Misconduct
- Fortitude Re Opens Tokyo Office; Names Kawafuji as Representative
- World’s Governments Race to Regulate AI Tools
- Toyota Blames Human Error for Leak of Vehicle Data of 2 Million Users in Japan
- China’s Communists Appoint Chief of New Financial Regulatory Body
- Tabloid Publisher Apologizes to Prince Harry at Outset of Invasion of Privacy Trial
- UK Drops Post-Brexit Plan to Scrap Thousands of EU Laws by Year’s End
- Greenpeace Sues Italian Energy Company ENI
- Broker Sues Over Unethical ‘Raid’ of 38 Staff in UK Poaching Row
- Amynta Group Completes Buy of Brit’s Ambridge Group
- Insurtech Funding Up 38% Over Q4 2022: Gallagher Re
- Legislation to Govern AI Takes Another Step in Europe
- East, Southern Europe Win as Firms Rethink Supply Chains
- EU Lawmakers Warn of Hungary, Poland Spyware Abuses
- People Moves: Chubb Appoints Homan to Lead International P/C Division
- Cyber Hack to Cost UK Outsourcer Capita Up to $25M
- No Quick Deal in Sight as EU Countries Start Talks on New Russia Sanctions
- FERMA: Appeal of Cyber Insurance May Weaken Without ‘Concerted Dialogue’
- BIBA CEO White to Retire Before Year End
- Guyana’s Environmental Agency Appeals Court Decision Against Exxon
- EU Set for Tough Talks After Lawmakers Back Stricter Methane Rules
- People Moves: AXIS Appoints Gregory Head of Global Markets, McKenna Head of North America
- People Moves: BHSI Promotes Browne, Holmes to Global U/W Posts; AXA XL Bolsters Energy Team With 3 Hires; MGA Alta Signa Names Marongiu Technical Head of Cyber U/W
- Client, Reinsurer Expectations Were Better Aligned at April Renewals: Swiss Re
- EU Plans Tough ‘Value for Money’ Rules for Investment Products: Draft Proposals
- Hottest Ever April Recorded in Spain, Portugal as Heat Wave Hits Europe
- Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary?
- Update: Wildfires Rage Across Canada’s Gas Heartland, Cutting Production
- Insured Losses for New Zealand North Island Floods Estimated at NZ$1.8B: PERILS
- People Moves: Beazley’s Cyber Security Unit Lodestone Appoints Kizziah as CEO; Howden Tiger Fac Names Warne From Inigo to Lead Terrorism & Political Violence
- Lockton Acquires THB Brazil From Amwins
- Russian Carmaker GAZ Files Third Lawsuit Against Volkswagen
- An Oil Tanker Ablaze in South China Sea Is Warning of Global Problem
- South Africa’s State-Owned Insurer Won’t Pay Claims for Grid Collapse
- Aon Launches Dedicated Unit to Drive Climate Analytics and Advisory
- Venezuela’s Oil Tankers at Risk of Spills, Sinking, Fires, Collisions: Report
- People Moves: BMS Re Promotes Wheeler to President; Arch Names Heads of Onshore, Offshore Energy; SiriusPoint Appoints Former Hiscox CEO Masojada to Board
- Pilot Groups Raise Alarm About Push for One-Person Cockpits
- UK Watchdog Aims to Improve Whistleblower Procedures After Backlash
- Exxon, Guyana Environmental Agency in Breach of Oil-Spill Insurance Obligations: Court
- More Insurers Weigh Joint Strategy to Climate Change as They Assess Antitrust Risk
- Tizzio Becomes President and CEO of AXIS Capital, Succeeding Benchimol
- Aon Realigns Leadership to Build Integrated Risk and Human Capital Capabilities
- Generali Agrees to Sell German Specialized Pension Unit to Fosun-Backed Company
- Arthur J. Gallagher & Co. Acquires Switzerland’s AccurART
- Specialist Risk Group (SRG) Acquires Medical Liability MGA, The MPLC
- Swiss Re Returns to Q1 Profit, Driven by Adequate Pricing, Higher Investment Results
- TotalEnergies Sues Greenpeace Over Emissions Report
- Banks and Insurers Increasingly Move Away From Coal: Report
- Markets/Coverages: Munich Re Specialty Offers ‘Green Solutions’ For Customers’ Net Zero Ambitions
- German Insurtech wefox Launches Global Affinity Business
- Barclays Banker Alleges He Was Pigeonholed as ‘Aggressive Black Man’ in Lawsuit
- UBS Inherits Legacy of Legal Headaches From Credit Suisse
- UK to Ban Cold Calls Selling Insurance and Crypto to Clamp Down on Fraud
- What to Expect: WTW Spring Commercial Insurance Forecasts Mixed
- Singer-Songwriter Ed Sheeran: Other Artists Are Cheering on Copyright Fight
- People Moves: BHSI Promotes 2 Regional Leaders for Europe, Middle East; Lockton Re Taps Guy Carpenter’s Hunter as a Senior Broker
- BMS Group Acquires Australian MGA GARD Insurance
- Markets/Coverages: RSA Insurance Launches Superyacht Practice, Led by Chubb’s Grew
- Burning Oil Tanker off Malaysia Rings Alarm Bells About Shadow Fleet
- Scientists Probe Sudden Spike in Ocean Temperatures
- Credit Suisse Bondholders Who Lost $1.7B in UBS Deal File Lawsuits
- Oil Tanker Seized by Iran Had Indian Crew, Turkey-Based Operator Says
- G-7 Nations Should Adopt ‘Risk-Based’ Regulation on Artificial Intelligence: Ministers
- Toyota-Subsidiary Daihatsu Rigged Safety Tests for 88,000 Cars
- Executive Bonuses in Crosshairs in New CO2 Proposal: ESG Regulation
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