International & Reinsurance News for March 2024
- Ki Enters Partnership With Beazley, Expanding Capacity for Digital Follow Syndicate
- Institutional Investor GIC Finalizes Acquisition of Insurance Broker Miller
- Fidelis Partnership Gets ‘In Principle’ Approval From Lloyd’s to Launch Syndicate
- UK Court Rules That $10 Billion Jet Dispute Should Be Heard in London, Not Moscow
- Baltimore Bridge May Trigger Historic Marine Loss, Lloyd’s of London Says
- Lloyd’s of London Swings to $13.5 Billion Profit in 2023
- Update: Foreign Firms’ Losses From Exiting Russia Top $107 Billion
- People Moves: AXA XL Promotes Cole to Global Chief Underwriting Officer for Marine; DUAL’s Specialist Motor MGA KGM Names Astin as Managing Director
- Canada’s Desjardins Acquires Insurance Company of Prince Edward Island
- Fires From 2023, Smoldering Under Snow, Reveal Canada’s Dangerous New Reality
- UK Stands to Lose 8 Million Jobs From AI, Analysis Warns
- Titanic Law Helps Ship Owner Limit Bridge Collapse Liability
- People Moves: Everest Promotes Williamson to Lead Global Re/Insurance Businesses
- The New Norm? Global Insured Losses for Nat Cats Keep Breaking Records: Swiss Re
- Hannover Re Combines Cyber, Digital Underwriting Expertise in New Reinsurance Unit
- Markets/Coverages: Marsh Launches Global Facility Providing Cover up to $825M for Digital Asset Custodians
- US, UK Accuse China of Cyberespionage That Hit Millions of People
- People Moves: BMS Hires Howden’s Spraggs, Austwick and Woolcott for FinPro Division; Newline Opens Sydney Office, Hiring Beswick as Head of Professional Indemnity
- Russia’s Oil Is Finally Getting Snarled by Sanctions
- Markets/Coverages: Marsh Creates Cyber Group Captive for Clients Seeking More Stability in Insurance Programs
- Ageas Says It Won’t Make Third Offer for Direct Line Insurance
- Hong Kong Reports Its Highest March Temperature in 140 Years
- North Korean Hackers Stalk Crypto Startups Scrimping on Security
- China Scrutinizes PwC Role in $78 Billion Evergrande Fraud Case
- Yemen’s Houthis Tell China, Russia Their Ships Won’t Be Targeted
- Tech Update: Aon Launches Climate Risk Monitor to Aid Risk Mgmt, Renewal Decisions
- Apple, Meta, Google to Face EU Digital Markets Act Probes: Sources
- South African Insurer Discovery in Talks With US Insurers to Expand
- Red Sea Fighting Traps Two Oil Ships in Houthi Waters
- Denmark Detains Shadow Fleet Oil Tanker After Ship Collision
- Wary of New Security Law, Foreign Firms in Hong Kong Bolster Contingency Plans
- Nine Dead After South Korean-Flagged Vessel Capsizes off Japan, South Korea Says
- UK Insurer Direct Line Posts Operating Loss as it Grapples With Auto Claims Inflation
- Markets/Coverages: Tech Firm Gabriel Partners With Re/insurer Chaucer and Crisis Mgmt Specialist to Offer Active Assailant Product
- Somali Pirates’ Return Adds to Crisis for Global Shipping Companies
- German Cannabis Legalization Uncertainty Is Spooking Investors
- Britain’s Financial Services Sector Faces Long Haul to Gender Parity, Report Says
- Dutch Airline KLM Loses Greenwashing Case on Climate Advertising
- Tanker Capsizes off Coast of Japan, Seven Deaths Confirmed: Media Reports
- People Moves: Sompo Promotes Allen as CUO of Global Markets Commercial P&C Insurance, Succeeding Easton; BMS Taps Howden’s Leahy as Cyber Practice Co-Leader
- UK’s Ardonagh to Acquire Independent Italian Insurance Broker Mediass
- Tokio Marine Has $10 Billion for Potential Acquisitions: Executive
- Climate Change Speeds Up as Major Indicators Blow Off the Charts, WMO Warns
- Vale Faces $3.8 Billion Claim in Dutch Case Over Mariana Dam Break in Brazil
- Loan Deadline Looms for China Life Canary Wharf Tower
- Shadow-Fleet Oil Tanker Damaged in Collision Near Denmark
- Update: Houthi Militants Say Fuel Tanker in Red Sea Targeted With Missiles
- People Moves: Gallagher Re Names Flasinski as CEO of N. America, Succeeding Bradshaw; Hannover Re Taps Swiss Re’s Steinmann to Executive Board as Pickel Retires
- British People Pay Attention When a Storm Has a Name, Met Office Says
- Panel of EU Lawmakers Backs Watered Down Supply Chain Audit Law
- Central Bankers Use AI to Assess Climate-Related Risks
- Bank of Japan Scraps Radical Policy, Makes First Interest Rate Hike in 17 Years
- China Evergrande’s Alleged $78 Billion Fraud Is Among World’s Worst
- Chubb Launches Global Transactional Risk Platform to Grow International Footprint
- Agile Underwriting Gets ‘In-Principle’ Approval to Launch Lloyd’s Syndicate
- Hyundai and Kia to Recall Nearly 170,000 EVs Over Software Problem in South Korea
- India’s Navy Takes Control of Bulk Carrier Hijacked by Somali Pirates, Evacuating Crew
- Treasury Asked Why US P&I Club Insures Ships Carrying Iran Oil
- Pressure Builds for Charge on Global Shipping Sector’s CO2 Emissions
- Uber Pays Australian Taxi Drivers $178 Million in Settlement
- Lockton Partners With Food Science Specialist to Mitigate Risk in Food & Drink Sector
- Hamilton Insurance Group Sponsors Catastrophe Bond Easton Re
- EU Backs Supply Chain Audit Law After Italy Switches Sides
- Pilot-Seat Blunder Led to Latam Mid-Air Plunge: WSJ Report
- In Ukraine’s Bombarded Ports, Ship Buyers Scout for Deals
- China Probes Exposure of HK Units of Banks, Insurers to Local Gov’t Debt: Sources Say
- BNP Paribas Considers Buying Fosun’s Ageas Stake
- Lloyd’s and Bermuda Monetary Authority Collaborate to Share Risk Expertise
- Hackers Roil Entire Industries With Attacks on IT Supply Chain
- People Moves: Howden Tiger Taps Byler From Carpenter to Lead US Casualty; Markel Promotes Atkin to Head of Bloodstock for London Markets
- Chemicals in Plastics Far More Numerous Than Previous Estimates, Report Says
- Twenty Armed People Board Cargo Ship off Coast of Somalia, Security Firm Says
- Viewpoint: Insurers, Insureds Must Collaborate to Get Ahead of Social Inflation
- People Moves: Arch Reinsurance Promotes 3 Senior Leaders: Halgan, Hardy Pickering and Pun; DUAL France Taps Déal From Everest as Managing Director
- Markets/Coverages: QBE Creates UK Healthcare Practice With New Liability Product
- PE Firm Nordic Capital Weighs Sale of Regulatory Tech Firm Regnology: Sources
- Novatae Acquires UK-Based Broker Bretton Woods International
- Update: UK Insurer Direct Line Rejects Ageas’ Sweetened Buyout Proposal
- UK Is Far From Climate Proof Due to Poor Planning, Officials Say
- Hedge Fund That Rode Catastrophe Bond Rally Mounts Tactical Retreat
- Nord Stream Sues Insurers in London Over 2022 Pipeline Blasts
- Insurtech bolttech Partners with Saudi Telecom Group to Provide Embedded Insurance
- At Least 50 Hurt as LATAM’s Boeing 787 to Auckland Dropped Abruptly Mid-Flight
- Amynta Group Completes Acquisition of Canadian MGU, Sutton Special Risk
- Generali CEO Says Insurer Has Financial Strength for M&A Deals
- Tesla Arson Case Shows Need to Protect Power Grid, Says German Utility Westenergie
- Australia Warns of Critical Financial Risks to Insurers and Banks From Climate Change
- Update: James River Files Suit Against Fleming for Failing to Close Purchase of JRG Re
- Lloyd’s Reports Banner Year in 2023 but ‘Disciplined Underwriting’ Must Be Maintained
- Yemen’s Rebels Target Singapore-Flagged Ship in Gulf of Aden
- Italy’s Data Watchdog Probes Open AI Tool That Turns Text Into Video
- People Moves: Aspen UK Names Stanford CEO, Osman Become Active U/W, Lloyd’s Syndicate 4711; Howden Tiger Promotes Chattaraj as Chief Science Officer
- Markets/Coverages: Heinz Offers World’s 1st Ketchup Insurance Policy With 57 Varieties
- Deadly Ship Attack Means Red Sea Voyages Need Re-Thinking, Union Says
- Insurer Ageas Recruits Extra Adviser as it Pursues Direct Line Bid
- Europe Faces 3C of Global Warming. Here’s How It Plans to Cope.
- Financial Services Firms Should Be Banned From Misusing Gag Orders: UK Lawmakers
- Brown & Brown’s Lonmar Acquires Renewal Rights for Bloodstock Portfolio
- Three More Women Join Crispen Odey Sexual Misconduct Suit
- Markets/Coverages: Mosaic Launches Primary Tech E&O Cover With Capacity of $15M
- Houthi Red Sea Attack Kills 3 Seafarers in 1st Civilian Fatalities
- Hub Int’l Acquires Canada Employee Benefits Specialist Zavitz Insurance and Wealth
- Houthi-Sunk Ship Seen as Likely Cause of Severed Red Sea Cables
- Generali CEO’s Strategic Wishlist Includes €10 Billion Deals
- Bulk Carrier Hit by Missile off Aden, With Fire Onboard: Ship’s Owner
- People Moves: Sompo Japan Names Takahashi as Chief Risk Officer, Head of Reinsurance; WTW Taps Aon’s Bosc for Global Specialty Team
- Howden Acquires UK Sport and Entertainment Specialist Broker, Hencilla Canworth
- German Industry Sounds Alarm on Infrastructure Security After Tesla Attack
- Markets/Coverages: Mosaic Offers $25M in Liability Protection for Asset Managers
- Russia Oil Fleet Shifts Away From Liberia, Marshall Island Flags as Sanctions Ramp Up
- Lloyd’s Hits 35% Female Leadership Target, Says it Has a ‘Way to Go’
- People Moves: AXIS Taps SCOR’s Dejung as Global Cyber & Technology CUO; SiriusPoint Names 3 Key Leaders in Global Underwriting
- Volkswagen Faces Pair of Lawsuits Over Claim Porsche EV Battery Sparked Ship Fire
- Houthi Missile Damages MSC Container Ship in Gulf of Aden
- AXIS Capital’s Syndicate 2050 Gets Full Lloyd’s Approval to Begin Underwriting
- People Moves: Aon Promotes Romeo to CEO of Bermuda Reinsurance Operations; Acrisure Re Taps Hodges From Howden Tiger as EVP
- UK Insurer Aviva to Enter Lloyd’s Market via Acquisition of Probitas for £242M
- War Insurers Shrug Off Rubymar Sinking in Red Sea, Rates Stable
- Apple Hit With $2B EU Antitrust Fine in Spotify Case, Will Appeal
- North Korea Broke Into South Korean Chip Equipment Firms: Seoul’s Spy Agency
- Infernos Rage From Texas to Australia as Wildfire Season Kicks Off Early
- Rising Sea Levels Increase Threat of Arsenic in Drinking Water: Study
- Ship Sunk by Houthis Threatens Red Sea Environment, Yemen Gov’t, US Military Say
- People Moves: AXIS Promotes Ashby to Chief Commercial Officer; Miller Launches Parametric Team Headed by Glenister From Mastercard
- Last Year Was Safest Ever to Fly, With No Jetliner Fatalities
- Marsh McLennan, Ukraine, Lloyd’s Expand Insurance Facility for Non-Military Shipments
- UK Plc Attracts Wave of Takeover Offers From Foreign Suitors
- Climate Tech Firm to Pilot Fast-Paying Flood Insurance in Africa
- Taiwan Military Says Hackers Sold Telecom Giant’s Data on Web
International & Reinsurance News Archives
