International & Reinsurance News for April 2024
- People Moves: SCOR Business Solutions Taps HDI’s McDonald as CEO, Succeeding Launay; Consilium Appoints Moore From Aon for Delegated Risk Solutions Team
- Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon
- Ardonagh to Acquire Italian Commercial Lines Business Mansutti S.r.l
- Tornado in Southern China Kills 5 People, Damages Factories in City of Guangzhou
- UK’s Second Biggest Mortgage Lender Pulls Offers Over Flood Risk
- London Firms Are Letting More Staff Work Entirely From Home
- Missiles Fired by Yemen’s Houthi Rebels Damage Panama-Flagged Oil Tanker in Red Sea
- Vale, BHP Offer $25B Settlement for Mining Disaster, but Brazil Authorities Want More
- Key Insurer Says Russia Oil Price Cap Increasingly Unenforceable
- UK Motor Premiums Start to Stabilize but Costs to Insurers Mount: ABI
- Canada’s London Drugs Shuts Pharmacies After Cyber Incident
- Africa Specialty Risks Launches ASR Syndicate 2454 at Lloyd’s
- Amboss Underwriting Assumes Oilfield Insurance Agencies’ Downstream Portfolio
- Shadow-Fleet Oil Tanker That Crashed Had Void Western Insurance
- Markets/Coverages: Marsh Expands Cyber Facility ECHO, Offering Up to $125M of Excess Insurance Capacity
- RBNZ Says Insurance May Become Unaffordable for High-Risk Homes
- Here’s Why Experts Don’t Think Cloud Seeding Caused Dubai Flooding
- EU Should Revisit Bank and Insurer Capital Rules: French President Macron
- Thames Water Debt Insurer Taps Advisers as Crisis Deepens
- Russia Reinsurer Backs Domestic Carriers to Get Indian Marine Insurance Permits
- Global Basel Committee Bolsters Rules for Supervising Banks, Non-Bank Sector
- Aon Completes $13B Acquisition of Middle-Market Broker NFP
- Global Insurers’ Climate Alliance Relaunches After Member Exodus
- People Moves: Lockton Promotes 2 in Crisis Management Team, Announces Changes in Norway Leadership
- Markets/Coverages: Ariel Re and Hiscox Re & ILS Launch Cyber Catastrophe Consortium
- Citi’s CEO Fraser Wary of Insurance Giants’ Role in Private Credit
- Fosun’s Fidelidade Says It Plans to Carry Out an IPO in 2025
- South Africa Advised by World Bank on Climate Insurance, Contingency Fund Options
- Viewpoint: Insurance Sector Adopts Easy-to-Use Technology for Digital Transformations
- Global Insurance Prices Continue Moderating as Rates Decline in Most Regions: Marsh
- UK Firms Told to ‘Urgently Review’ Green Claims Amid Crackdown
- Catastrophe Monitoring Firm ICEYE Completes $93 Million Funding Round
- China’s Ping An Insurance Reports 4.3% Drop in Q1 Net Profit
- UK’s Jensten Acquires Lift and Escalator Specialist Broker Robert Gerrard & Co.
- Standard Chartered Faces £1.5 Billion UK Claim in Iran Sanction Case
- CEO Viewpoint: Unlocking the Potential of Generative AI in Insurance
- People Moves: Arch Insurance International Promotes Valder to Deputy CEO; Carbon Underwriting Taps Everest Re’s Crocker as Active Underwriter
- Wildfires in Canada’s Oil Sands Region Prompts Evacuation Orders
- Munich Re Says Beating Target More Likely After Strong Quarter
- Markets/Coverages: Liberty Mutual Re, Safehub Offer Parametric Quake Re/Insurance
- Musk Decries Australian Court ‘Censorship’ of Terror Posts on X
- Dubai Floods Expose Weaknesses to a Rapidly Changing Climate
- Arthur J. Gallagher & Co. Acquires Australia’s Prasidium Credit Insurance
- Grindr Sued in UK for Allegedly Sharing Users’ HIV Data With Ad Firms
- People Moves: MGA Nexus Taps Willett From Barents Re as Head of Development; PoloWorks Appoints CNA Hardy’s Borrel as Chief Risk Officer
- What Do Countries and Companies Want in Global Plastic Treaty Talks?
- Parental Fury After Stem Cell Bank Ruins Thousands of Children’s Samples in Singapore
- Europe Is Being Scorched and Flooded by Growing Climate Extremes
- Strong Prices Support London Market Profits, Prompting Revision in AM Best Outlook
- World’s Workers Increasingly at Risk as Climate Changes: Int’l Labour Organization
- People Moves: AEGIS London Hires AIG’s Johnson and Lambert for New Cyber Underwriting Team; Markel Promotes Gordge to Head of Terrorism in London
- Fleming Acquires James River’s Casualty Reinsurance Business, Ending Legal Dispute
- Liberty Mutual Insurance Continues Restructuring of Global Risk Solutions Unit
- UK Finance Watchdog Plans on Diversity Targets a ‘Bad Idea,’ Minister Says
- CFC Acquires Solution Underwriting in Australia
- Investor Climate Group Sets Target for Assets in Private Equity, Debt
- Global Insured Natural Disaster Claims Again Dominated by Severe US Storms: Gallagher
- El Niño to Trigger Drought Insurance Payouts in Four Southern African Countries
- Update: Nord Stream Insurers Deny Policies Covered War Risks in UK Lawsuit
- Climate Change to Cause $38 Trillion a Year in Damages by 2049
- Britain’s Insurers Under Pressure Over Spike in Car Insurance Premiums
- Dubai’s Record Rain Floods Expensive Homes and Halts Flights
- Rupture on TC Energy’s NGTL Gas Pipeline Sparks Wildfire in Alberta
- Time-Tested Loss Reserving Methods Challenged: AM Best
- Aspen and Allianz’s PIMCO Launch Casualty-Focused Reinsurance Vehicle
- Howden’s DUAL Acquires Swiss Re’s Marine Team to Support Growth Ambitions
- Coral Reefs Around World Undergoing Mass Bleaching as Oceans Warm: Scientists Warn
- Broker Howden Launches Red Sea Cargo War Insurance as Ship Risks Surge
- Beat Capital Partners to Launch Credit Insurance Business, Naming Pike as CEO
- UK’s Jensten to Invest Up to £1M to Help Individuals Launch Their Own Brokerages
- Inflation Continues to Increase Insured Property Exposures Globally: PERILS
- Australia’s Weather Bureau Says El Niño Has Ended, Unsure About La Niña Formation
- Dutch Chipmaker Nexperia Hacked by Cyber Criminals
- EVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs
- ‘Zombie Fires’ Smoldering Near Oil and Gas Wells Threaten Canada’s Drillers
- A Turnaround Story: Boost People, Then Financial Results, Aspen CEO Says
- People Moves: Aon’s Re Solutions Promotes Sapra as CEO, India; BHSI Names du Ché as France Country Mgr; AXIS Canada Launches EIL Unit, Led by Liberty Mutual’s Nagata
- Howden Ireland Acquires Curran Connolly & Co. (Drogheda) Ltd.
- UK Home, Business Property Insurance Payouts Hit $6B in 2023
- Fragmented Europe to Make New Bid for US-Style Capital Market
- Apple Warns of ‘Mercenary Spyware Attack’ on Users in India, 91 Other Countries
- Death Toll From Italian Hydroelectric Plant Explosion Rises to 7
- BNP Paribas to Acquire Fosun’s Stake in Belgian Insurer Ageas
- Cargo Owners in Baltimore Disaster Face ‘General Average’ Loss Sharing, MSC Says
- R&Q to Sell Stake in Obra Joint Venture for $30M, Expects “Significant Pre-Tax Loss”
- Kenya and Nigeria Recall J&J Children’s Cough Syrup Over Suspected Toxicity
- Ukraine Nuclear-Plant Attacks Prompt Emergency Watchdog Meet
- Drought, Heat Raise Risk of Repeat of Canada’s Record-Breaking Wildfires of 2023
- Europe Stands Firm Against US-Driven ESG Backlash
- Climate Verdict for Swiss Women a Warning for European States, Oil Industry
- Florida’s Slide Insurance Secures $210 Million Catastrophe Bond
- People Moves: Carpenter’s Global Specialties Unit Taps Partner Re’s Chu for Credit, Bond & Political Risk Team
- Markets/Coverages: AXA XL’s Bermuda Professional Lines Team Enhances D&O Policy
- Global Election Super-Cycle Raises Risk of Political Violence, Large Insurance Losses
- EU Parliament Approves Law to Slash Trucks’ Carbon Footprint
- Ping An Insurance’s Delayed Trust Repayment Shows Lingering Property Woes
- Europe’s Wildfires in 2023 Were Among Worst This Century: Report
- Markets/Coverages: Antares’ Syndicate Launches Credit and Political Risks Consortium
- People Moves: AXIS Global Markets’ Head of Underwriting Robson to Retire, Succeeded by MacGregor; Newline Europe Names Beckers as Head of Cyber Liability
- Deadly Blast at Enel Plant in Italy Came Amid Maintenance Work
- Viewpoint: Striking Risk-Reward Balance for Shipping Lithium-Ion Batteries
- World Hits 10th Consecutive Month of Record-High Temperatures
- Takeaways From the Swiss Women’s Climate Victory
- Construction-Focused MGA, Phoenix Specialty, Launches With Capacity From AXA UK
- Israel Cyber Firm Claroty Eyes 2025 US IPO at $3.5B Value: Report
- Markets/Coverages: Lemonade Launches Homeowners Insurance in France
- Update: Swiss Women Win Landmark Climate Victory at Human Rights Court
- Global Accounting Rule Ends Leeway Over Operating Profit
- Suncor’s Syncrude Canada to Pay C$390,000 After Worker Fatality
- European States Sign Pledge to Protect North Sea Infrastructure
- Pressure Grows on Swiss Insurer Baloise to Change Voting Rules
- Greece Invests Over €2 Billion to Fight Climate Change Effects
- Women in UK Financial Services Earn One-Third Less Than Male Colleagues: Data Show
- Zurich Insurance to Halt Coverage of New Fossil-Fuel Exposures
- How Three European Human Rights Cases Could Shape Climate Litigation
- Taiwan Property Insurers Likely to Remain Profitable Despite Quake Losses: GlobalData
- High Insurance Premiums Are the Latest Thing Weighing on China’s EV Market
- Arch Insurance to Buy Allianz’s U.S. MidCorp & Entertainment Insurance Businesses
- EBRD Calls for Subsidized Insurance to Quickly Rebuild Ukraine
- Investment Deficit Puts Planet on Path to Miss 1.5C, Study Finds
- Buyers’ Market Prevails During April Renewals as Reinsurers Seek Growth
- People Moves: HSB Canada Appoints Bellissimo as President and CEO; Canopius Taps Lee From AIG as CEO, Asia-Pacific & MENA
- Japanese Lens Maker Hoya Halts Production After Cyberattack
- Lack of Immunity Raises Risk of Bird Flu Pandemic: EU Food Safety Agency
- Colombia Insurers Fear Petro’s Takeover to Spark Health Crisis
- Panama Canal Drought Could Threaten Global Supply Chains, S&P Says
- Howden Tiger to Rebrand as Howden Re
- Majority of CO2 Emissions Linked to Just 57 Producers: Report
- UK’s Ardonagh Advisory Completes Acquisition of Westfield Brokers
- People Moves: MS Amlin Promotes Geddes as Head of Reinsurance; Aon’s CFO Davies to Retire in 2025
- AXA Plans Cyber Risk Prevention Campaign Ahead of Paris Olympics
- Howden to Acquire French Broker OFRACAR
- Generali Completes Purchase of Conning and Affiliates From Cathay Life
- PE Firm Brera Partners Buys 70% of Shares in Italian Broker GBSAPRI Group
- Worst Taiwan Quake in 25 Years Kills at Least 9, With Hundreds Injured
- Swiss Re Names Berger as Group CEO, Succeeding Mumenthaler
- People Moves: BHSI Appoints 3 for Transactional Liability, Claims and Customer & Broker Engagement Teams
- Jensten Acquires UK Specialist Broker Henry Seymour & Co.
- Devonshire Underwriting Launches MGA Specializing in Transactional Risk Solutions
- Japanese Authorities Inspect Second Kobayashi Pharma Factory After Deaths
- US Executive Gets UK Judgments Thrown Out After Revealing Hackers Swayed His Case
- Shell Says Landmark Court Ruling Obstructs Fight Against Climate Change
- Russia’s Baltika Sues Carlsberg Subsidiaries for Over $900M in Damages
- Xi Says US CEOs Should Invest in China, Economy Hasn’t Peaked
- Tropical Cyclone Makes Landfall in Northern Madagascar, Killing 18 People
- Canadian School Boards Sue Social Media Giants for Over C$4B in Damages
- Brookfield’s $200 Billion Credit Group Seeks to Lure Insurers
- Rescue Crew Navigate Drones and Fire to Salvage Houthi-Hit Ship
International & Reinsurance News Archives
