International & Reinsurance News for June 2024
- Onex Partners Completes Acquisition of R&Q’s Program Manager, Accredited
- Australia Approves ANZ’s $3.3B Buyout of Suncorp; Deal Will Help With Insurance Focus
- People Moves: Gallagher Re Appoints Rudden as Head of Green Solutions; Markel Taps BHSI’s Gebran as Head of Casualty in MENA Region
- Claimants for Deadly Mariana Dam Collapse File Injunction Against BHP, Vale
- BMS Australia Launches Agriculture Business
- Here Are the Legal Battle Lines in Ireland’s Multi-Billion Euro Russian Jet Trial
- Lawsuits Targeting ‘Climate Washing’ Becoming More Frequent
- After Oil, Russia May Be Building a Shadow Fleet for Gas
- Hacked UK Trove of Medical Records Includes Data on Newborns, Cancer Patients
- People Moves: Brit Re Names Partner Re’s Ex-CEO Bonneau as Non-Executive Director; Optio Group Taps AXA’s Soni as Group CEO
- Gallagher’s Artex Acquires UK’s Implement Compliance Solutions & Resources Ltd.
- Sanctions Damaging Safety at Sea, Says Sanctioned Ship Group Sovcomflot
- Venezuela Resorts to Using Shadow Tankers to Supply Oil to Ally Cuba
- UK Financial Watchdog to Publish Industry Bullying, Sexism Update in Autumn
- EU’s Anti-Money Laundering Authority Is Now Official; Candidates for Chair Can Apply
- German Insurtech Wefox to Replace CEO After Board Rejects Mubadala Sales Plan
- People Moves: QBE Promotes Europe Product Managers for Cyber and Mgmt. Liability/Financial Institutions; Stoop Named Managing Director of DUAL Benelux
- South Korea Halts Battery Maker’s Operations as It Probes Deadly Blaze
- Specialist Risk Group Buys UK Specialist Schemes Broker, Strategic Insurance Services
- European Job Seekers Turn Away From UK After Brexit
- Apple Unfairly Fired UK Worker Who Was Part Toxic Workplace Culture, Judge Says
- Eastern Canada Wildfire Forces Evacuation of Hydro Plant Workers
- WHO, Scientists Call for Urgent Action on Dangerous Mpox Strain
- ‘Great Resignation’ Enters Third Year as Workers Embrace AI, Upskilling, PwC Says
- People Moves: Sompo Taps AXA XL’s Murley as Head of UK Distribution, Insurance; Howden’s Aviation Announces 4 Senior Hires
- Zurich Insurance Adding 600 People in India Following Kotak Deal
- Markets/Coverages: Relm Insurance Releases Difference in Conditions Solution for D&O
- Protecting 1.2% of Earth Would Prevent Most Extinctions, Study Says
- Chinese Hackers Step Up Attacks on Taiwanese Organizations, Cybersecurity Firm Says
- Deadly Explosion in Korea Revives Concerns Over Battery Safety
- EU Adds 27 Russian Vessels to List of Entities Under Sanctions
- R&Q Files for Liquidation in Bermuda, Agrees to Sell Legacy Unit Inceptum
- Blaze at South Korea Lithium Battery Plant Kills 22 Workers
- Markets/Coverages: Howden Launches 1st Carbon Credits Warranty & Indemnity Insurance Policy
- Europe Braces for Heat Following Greek Fires and Swiss Floods
- Probe of Russian Hack on London Hospitals May Take Weeks; Data-Dump Worries Grow
- Catastrophe Bonds Are Luring Retail Investors to High-Risk Debt
- Climate Change Blamed on Deadly Heat Wave in Mexico, Southwest US
- Warburg Pincus’ K2 Launches London-Based MGA, K2 Rubicon Specialty
- Generali Is Seeking Buyers for Turkey, Philippines Units: Sources
- UK Hospital Hackers Claim to Publish Stolen NHS Data
- Details of Aviation Lessor Settlements With Russia Over Trapped Planes
- AI Chatbots, Gen AI Set to Revolutionize Insurance Claims Processing: Survey
- Southern Germany Floods to Cost Insurers $2.6 Billion-$3.9 Billion: Verisk
- Drone-Sinking of Coal Ship Boosts Red Sea Perils, Drives Surge in Insurance Costs
- Number of Companies Setting Climate Transition Plans Jumps 44% in 2023: Research
- Tropical Storm Alberto Strengthens as System Approaches Mexico
- Singapore Highlights Banks as Posing Highest Money Laundering Risk
- Shipping Industry Urges Red Sea Action as Houthis Sink Second Vessel
- City Firms Don’t Have an Answer for UK Regulators on Workplace Sexual Harassment
- Zurich Completes Acquisition of 70% Stake in India’s Kotak General Insurance
- R&Q to File for Liquidation in Bermuda, but Sale of Accredited Will Proceed
- Ship Hit by Yemen’s Houthis in Red Sea Has Sunk, UK Navy Says
- German Port Workers Strike Could Cost $6 Billion in Lost Trade: Russell Group Analysis
- People Moves: Canopius Taps AXA XL’s Houghton as Product Leader, Specialty; Swiss Re Promotes Camara to Head of P/C Re in Northern, Central, Eastern Europe
- The Era of Super-Wild Weather Is Already Here
- UK Hospital Hackers Say They’ve Demanded $50 Million in Ransom
- EU Regulators Call for Changes to Landmark ESG Rulebook
- Zurich Insurance to Sell Downtown Madrid Offices for About €100 Million
- Vantage Group Chairman and Former Arch CEO Iordanou Dies
- Greencore Recalls Sandwiches, Wraps, Salads Amid E. Coli Concern
- Dredger That Hit Tanker Reported Sudden Loss of Control; Oil Spill Cleanup Ongoing
- More Than 800 Coal Plants Worldwide Could Be Profitably Decommissioned: Research
- Top Shipping Flag Cuts Approval for Sanctioned Russian Insurer
- People Moves: Canopius Taps Getty From Talbot for Cyber Team; Howden Promotes Hipson to Head of London Broking
- London Hospitals Knew of Cyber Vulnerabilities Years Before Hack
- Houthi-Stricken Cargo Carrier’s Crew Abandons Ship Due to Fire
- Denmark Seeks to Limit Shadow Tanker Fleet Carrying Russian Oil
- Russia’s Ingosstrakh Weighs Legal Action After UK Sanctions
- Finland’s Sampo Makes $4.7 Billion Bid for Topdanmark
- Broker Clear Group Buys UK Credit Insurance Specialist Rycroft Associates
- Singapore’s Income Insurance, Allianz in Talks on Potential Transaction
- Insured Flood Losses in Germany Could Range From US$2.1B to US$3.2B: Moody’s RMS
- Mubadala Proposal to Sell Insurtech Startup Wefox Opposed by Founders
- Evergrande Liquidation Lawyers Probe PwC, Others to Recoup Creditor Losses: Sources
- On a Warming Planet, Outdoor Concerts Need a New Safety Playbook
- Ship on Fire Near Yemen After Second Attack in as Many Days
- Britain’s ‘Quiet Quitters’ Are Costing the Economy £257 Billion
- People Moves: Hamilton Insurance DAC Promotes Reynolds as CEO; Dale Underwriting Partners Names Bridge as Active Underwriter, Succeeding Peters
- UK Puts First Sanctions on Russia’s Shadow-Fleet Oil Tankers
- R&Q Warns Its Financial Stresses Could Hit Business Stability and Lead to Liquidation
- Specialist Risk Group’s MGA, MX, Agrees to New Long-Term Capacity Arrangement
- Canada’s Largest School Board Targeted by Ransomware Attack
- Commodity Ship Hit by Drone Near Yemen Is Taking on Water
- Zombies: Ranks of World’s Most Debt-Hobbled Firms Soaring, and Not All Will Survive
- Insurance Helped 46,000 Indian Women Avoid Deadly Work During Heat Waves
- Key Emerging Risks: Cascading Effects of Natural Disasters, Supply Chain Resilience
- Marsh McLennan Unit Mercer to Buy UK Pension Fund Manager Cardano
- Aon Launches $350M Insurance Program to Boost Capital Investments in Ukraine
- Carmakers Face UK ‘Dieselgate’ Lawsuits Worth at Least $7.6B, Lawyers Say
- A London Hospital Is Asking Its Own Workers for Blood After Cyberattack
- Viewpoint: Why Insurers Should Have Confidence in Machine Learning Capability
- Multibillion-Euro Court Battle Over Stranded Russian Jets Begins in Dublin
- Canadian Broker Axis Insurance Gets Investment From PE Firm, Lee Equity Partners
- Fortegra Granted License to Operate in Belgium and European Union
- Rightward Shift After Election Could Limit Future EU Climate Policies
- Singapore Airlines Offers Compensation for Flight Hit by Turbulence
- Britam of Kenya Plans to Enter $5 Billion Congo Insurance Market
- Major World Economies Seek to Halt New Private Sector Coal Financing
- People Moves: AXA XL Promotes Pearman to New Role of CUO, Bermuda; Lockton Re Taps Former Aon Execs for Marine & Energy Division, Lloyd’s Capital Unit
- Car Maker Stellantis Extends Preventive Recall to Other Models Over Airbag Worries
- Marsh McLennan’s Carpenter Launches Capital & Advisory Group, Led by Schnieders
- US Military Confirms Houthi Missile Strikes on Two Ships in Gulf of Aden
- Russian Oil Tanker Does Secret Cargo Switch Near Singapore to Dodge US Sanctions
- Global Reinsurance Sector Outlook Revised to Positive on Robust Profits, Tighter T&Cs
- Former Allianz Employee Pleads Guilty to Fraud Over $7-Billion Funds Collapse
- Person With Bird Flu Dies in Mexico: WHO
- Liability Reinsurance Crisis Could Be Looming, TransRe CEO Says
- Markets/Coverages: MGA Nirvana Renews Media, Tech & Cyber Binder With Increased Media Liability Line
- People Moves: Ascot Underwriting Names Thompson as CEO, Keith Named Head of Ascot Bermuda; Geneva Assn. Appoints AIA’s Top Executive as Chair
- Amazon Accused of Misusing Small Sellers’ Data in $1.3 Billion UK Lawsuit
- Russian Hackers Claim Cyberattack on Spanish Defense Company
- Insurers to Build Private Credit Exposure in Coming Years: Moody’s
- UK Court Decides Aircraft Disputes to Be Heard in Ukraine, Not London
- People Moves: Chubb Promotes Kirk as Division President of Chubb Global Markets; Everest Re Promotes Doshi to Head of North America Treaty Casualty
- Safety Dangers From Sanctioned Tanker Fleet Growing, Ship Manager Says
- Lloyd’s Opening Miami Office to Support Growth in Latin America and Caribbean
- Hack That Crippled UK Hospitals Highlights Growing Threat to NHS
- World Hits Streak of Record Temperatures as UN Warns of ‘Climate Hell’
- Staff Warned Off Whistleblower Hotlines: Global Survey
- Crypto Exchange Binance Seeks to Slash Size of $13 Billion UK Lawsuit
- Companies Need to Be Aware of Cyber Risks Related to Proliferation of IoT
- Google Ad Tech Class Action Gets Go Ahead From London Judges
- Markets/Coverages: Sompo Offers Tech Insurance Cover for UK Middle Market Clients
- MGA Alta Signa Launches in Switzerland
- Gallagher’s Pen Underwriting Acquires Irish MGA Wrightway Underwriting Ltd.
- Climate Change Made Deadly Brazil Floods Twice As Likely, Study Finds
- Sanctioned Oil Tankers Pose Rising Environmental Risk in Mediterranean, Greece Says
- London Hospitals Hit by Cyberattack Affecting Blood Transfusions
- People Moves: Aon Names Reese as CFO, Succeeding Davies; Ogden Named CEO of HDI Global UK & Ireland as Taylor Retires
- Insurers Expect Major Loss Event From Floods in Southern Germany
- Broker Verlingue Launches Dedicated Construction Practice in UK
- Regulators Raid Toyota Offices Over Safety Scandal, Sending Stock Down
- Russian Oil Finds New Site for Controversial Cargo Switching
- Canadian Billionaire Prem Watsa to Step Down as Chairman of Fairfax India
- Apollo Launches Captive Syndicate at Lloyd’s
- Japan Auto Safety Scandal Widens; Toyota Halts Shipments of Some Vehicles
- Canada’s Desjardins Completes Purchase of Insurance Company of Prince Edward Island
- Scholz to Visit Southern German Region Battling Severe Flooding
- KKR Weighs Entering Private Credit in Japan to Challenge Banks
- Stellantis Rushes to Replace Thousands of Faulty Takata Airbags
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