International & Reinsurance News for January 2024
- Aviation Lessors Secure Settlements With Russia Totaling $2.5B for Trapped Planes
- BMS Re’s CEO Chandler Steps Down to Become Vice Chair; Interim Co-CEOs Named
- UK Navy Warns of Piracy Menace to Ships in Indian Ocean
- Russia Behind Spike in European GPS Jamming, Baltic General Says
- EU Needs Trillions of Investments to Meet 2050 Climate Target: Research
- Viewpoint: How Corporate Help Desks Became the Weak Spot in Cyber Defenses
- People Moves: Carbon Names Willetts Head of Specialty; Canopius Hires 4 in Credit & Political Risk Team; BHSI Taps Chaucer’s Merton to Lead UK Customer & Broker Engmt
- Aviation Sector Sees No Quick Tech Solution to GPS ‘Spoofing’ Interference Problem
- Markets/Coverages: Insurtech BOXX Partners With AXA to Offer Cyber Risk Mitigation for Small Businesses
- Generali to Return €500 Million to Investors in Share Buyback
- EU Reinforces Tight Limits on Crypto Firms From Outside Bloc
- Banks, Insurers Set to Lose Reprieve From EU’s Toughest ESG Rule
- Markets/Coverages: Howden Launches Carbon Capture and Storage Insurance Facility
- Howden Acquires UK-Based AHR Consultants to Boost Risk Management Capabilities
- Climate Change Poses Significant Risk for South African Insurers: Old Mutual
- Former Allianz Execs Raise Funds for Carbon Credit-Backed Insurance
- Brazil’s Government Paves the Way for Insurance-Linked Securities
- Climate Change Drives Amazon Rainforest’s Record Drought: Study
- Houthi Attacks Awaken Somali Piracy on Ships Avoiding Red Sea
- Colombia Declares National Disaster as Wildfires Spread Through Parched Forests
- Australia Braces for More Wild Weather in Wake of Ex-Tropical Cyclone Kirrily
- Several Ukrainian State-Run Bodies Report ‘Large-Scale’ Cyber Attacks
- Brazil Orders Vale, BHP and Samarco to Pay $9.7B in Damages for 2015 Dam Disaster
- People Moves: Aventum Promotes Eldridge to MD; Aon Names Dando as EMEA Head of Strategy, Technology Group; Chubb Taps WTW’s Källs as Country Mgr, Sweden/Finland
- Amazon Pulls Plug on UK Home Insurance Venture
- Reinsurance Market Likely to Begin Softening in 2025 as Capacity Rises in 2024: Fitch
- Cyclone Kirrily Makes Landfall in Australia as Severe Storm
- EU Auditors Say Real CO2 Emissions From Most Cars Have Not Fallen
- After $70 Billion Hit, Insurers Wake Up to Growing Risks of Severe Convective Storms
- NFP Buys London-Based Advanced Insurance Consultants Ltd.
- Howden Acquires Scottish Broker Laurie Ross
- Red Sea Turmoil Sends Economic Shockwaves Across the Globe
- Electric Vehicles Cost Twice as Much to Insure as Fuel-Burning Cars in UK
- Natural Disaster Protection Gap Returned to ‘Average Levels’ in 2023
- What Does Red Sea Disruption Mean for Europe’s Economy?
- Microsoft’s Bing, Edge to Avoid EU’s Digital Dominance Crackdown
- UK Braces for More Hurricane-Strength Winds From Next Atlantic Storm
- French Regulator Fines Amazon for ‘Intrusive’ Staff Surveillance
- Australia Imposes Sanctions on Russian Citizen Over Hack of Insurer Medibank
- Envelop Risk Launches Cyber Reinsurance Lloyd’s Vehicle With Managing Agent Apollo
- Hurricane-Force Winds Cause Chaos, Blackouts Across Europe
- Looming Waste-Landslide Disaster Prompts Review of Environmental Laws in Denmark
- Trudeau to Hold National Summit in Response to Canada’s Massive Spike in Auto Thefts
- Two Australian Resource-Rich Regions Brace for Potentially Destructive Storms
- Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk
- People Moves: Liberty Specialty Markets Appoints Bolaños as CUO, Moreno as President US, LatAm; HDI Global Names Tarantino MD of Singapore Branch as Silton Retires
- Reinsurers’ Casualty Appetites Varied, but Capacity Was ‘Ample’ During 1/1 Renewals
- Alta Signa Launches European Marine Division
- Grain Insurance Program Could Be Blueprint for Ukraine’s Return to Air Travel: Doyle
- Spanish Court Rules Facebook Moderator Suffered Work-Related Mental Trauma
- Melting Greenland Has Lost 1 Trillion Tons More Ice Than Previously Thought
- Near Record Jump in CO2 Emissions This Year Risks Climate Goal
- Cyclone Forming Near Australia’s Coast May Have ‘Severe Impact’
- Hedge Fund Fermat Has Best Year Ever as Catastrophe Bonds Deliver Record Results
- Mauritius and Reunion Assess Damage From Cyclone That Killed at Least 4 People
- Secondary Perils Drive Global Insured Losses to Estimated $123B in 2023: Gallagher Re
- Extreme Icy Weather Paralyzes Travel in Parts of Europe
- Markets/Coverages: Canopius Launches Investment Mgmt Cover for Asset Managers
- Russia Allocates Another $1.23B to State Company Buying Planes From Western Lessors
- Women in Finance Criticize City of London’s ‘Tokenistic’ Diversity Efforts
- People Moves: Stanford Named Interim CEO at Aspen UK; Canopius Appoints Crane as Head of UK Distribution; Miller Taps Carpenter’s Sinniah to Lead Reinsurance, Capital
- Swiss Re Buys Cyber Market’s 1st Retrocession ILW, Brokered by Gallagher Re
- Shell’s Appeal of Landmark Climate Ruling to Begin in April
- Hezbollah, Russia-Linked Hackers Step Up Cyberattacks on Israel: Cybersecurity Firm
- Insurers Seek to Exclude US, UK Ships From Red Sea Coverage
- Cyber Threats Top Global Business Risk Concern for 2024: Allianz
- Red Sea War Risk Insurance Rises With More Ships in Firing Line
- Gallagher Re Acquires Toronto-Basded Broker MGB Re
- Brown & Brown’s Bridge Specialty International to Buy Singapore-Based Broker Acorn
- Daihatsu Loses Certification for Three Cars After Safety Scandal
- Repsol Sued in Class Action for $1 Billion Over Peru’s Worst Oil Spill
- US Merchant Vessel Struck by Anti-Ship Missile as Shippers Told to Avoid Red Sea
- Ukraine in Talks With Marsh on War Risk Insurance for Air Transport
- Houthi Attacks on Shipping in Red Sea Persist; U.S. and Allies Strike Back
- Brexit Has Cost UK More Than $178 Billion so far: London Mayor
- Bank of England May Tighten Up Life Insurers’ Use of Offshore Reinsurance
- Plastic Pellet Spill Unleashes Cleanup Nightmare on Spain’s Coast
- Ex UK Goldman Sachs Manager Seeks $1.27M Over Harm From ‘Dysfunctional’ Workplace
- Australia’s Usual Summer of Wildfires Is Now Being Soaked by Prolonged Wet Weather
- Markets/Coverages: Ryan Specialty Expands Renewable Energy Offering on Global Basis
- People Moves: BHSI Taps Holding From Aviva to Lead UK Marine; Ardonagh Specialty Names Goldenberg as Global Commercial Dir.; Lockton Re Adds Yeo, Terry to Cyber Team
- China Orders Banks, Insurers to Review Cyber and Data Security
- Real Estate MGA Ventis Launches in UK
- Arthur J. Gallagher & Co. Acquires UK-Based MCMM Services Ltd.
- If China Invades Taiwan, It Would Cost World Economy $10 Trillion
- Andreessen Horowitz Backs British Insurance Startup in $73M Funding Round
- Prepare for the Soft Market: Why You Need to Set Performance Metrics Now
- Markets/Coverages: Aspen Partners With Surefire Cyber to Offer Cyber Risk Services
- Shares in UK Insurers Tumble on Report of Regulator Comments on Premium Finance
- Italy’s Generali to Acquire Full Control of Chinese Non-Life Joint Venture for $108M
- Storm Henk Causes Estimated £150 Million in UK Insured Losses: PwC
- Extreme Weather and Misinformation Top Global Risks: World Economic Forum
- Markets/Coverages: RSA Insurance and Brit Launch Project Cargo Consortium
- People Moves: Trueman Joins CFC as CUO After Recent Management Shakeup; Aon Promotes Kielty to UK CEO; QBE Re Taps AXIS’ DeSilva as Specialty Underwriter
- Meyenhofer to Become PartnerRe’s CEO as Bonneau Retires; Colello Named President
- Update: Floods Strand Cows, Damage Crops as Wild Weather Hits Australia
- Insured Price Tag for Natural Disasters Was $95B in 2023 With Economic Cost of $250B
- Oil Tankers Continue Red Sea Movements Despite Houthi Attacks
- People Moves: Everest Re Promotes Wallace as Head of UK Branch and CUO; Swiss Re Corporate Solutions Names Rüsch as Head of DACH Region
- China Broker TIAN RUIXIANG Agrees to Buy Hong Kong’s Peak Consulting Services
- Markets/Coverages: Lloyd’s Announces 1st 144A Cat Bond on Its London Bridge Platform
- Russia Oil Tankers Are Doing Strange Things Since Ramp Up of US Sanctions
- Gallagher Acquires German Specialty Broker Köberich Financial Lines
- Hong Kong Employees Demand 6% Raise to Work in Office Full Time
- Inigo Issues 3rd Catastrophe Bond for $100 Million
- People Moves: Gallagher Taps AIG’s Loesti as Chief Commercial Officer of European Broking; QBE Re Promotes 3 Global Product Heads in New York, London
- Markets/Coverages: Rokstone Agrees Binder With Munich Re Syndicate for International Property Portfolio
- AM Best: Japan Quake’s Effect on Insurers ‘Manageable; KCC Says Losses to Hit $6.4B
- Japan Earthquake Casts Cloud Over Push to Restart Nuclear Plants
- Japan Airline’s Runway Collision Marks Test of How New Carbon Jets Cope in Disaster
- Extreme Cold Grips Nordic Countries as Floods Hit Western Europe
- January’s Property Cat Renewals See Biggest Price Hikes in Turkey, Italy and US
- BMS Finalizes Acquisition of UAE’s Berns Brett Masaood, Rebranded as BMS Masaood
- Howden Acquires Norwegian Broker Arctic Insurance AS
- Russian Hackers Were Inside Ukraine Telecoms Giant for Months: Cyber Spy Chief
- Allianz Seeks to Buy Back Europe’s Biggest Old-School Bond
- Update: Japan Airlines Counts Losses From Wrecked Tokyo Plane
- Insurer AIG Leads Policy for Japan Airlines Plane Involved in Runway Collision: Sources
- A Return to Balance: Brokers Say Reinsurance Renewals Were ‘Stable’
- European Central Bank’s Cyber Stress Test Will Not Affect Capital Requirements
- Global Shipping Firms Continue to Pause Red Sea Shipments After Weekend Attack
- Japan Airlines Flight Was Cleared to Land Before Fiery Collision at Tokyo Airport
- Japan Adds Rescuers as Death Toll From Jan. 1 Quake Rises to 64
- Turkey Earthquake Tops 2023 Insurance Industry Losses Outside US: CRESTA
- AM Best Downgrades Ratings of JRG Re; James River Group Gets Negative Outlook
- Tokyo Airport Collision Leaves 5 Dead, Japan Airlines’ Aircraft in Flames
- Climate Change Makes Forecasting Harder, Australia’s Agriculture Minister Says
- How Brexit Hobbled Britain’s Race to Space
- Update: Major Japan Quake Topples Buildings, Killing Nearly 50 People
International & Reinsurance News Archives
