International & Reinsurance News for November 2024
- Cyberattacks Cost UK Businesses £44 Billion During Past 5 Years, Howden Survey
- People Moves: Coalition Taps Munich Re’s Foster as Head of London Mkts.; Hamilton Re Expands Into Credit, Bond & Political Risk Reinsurance With Lottimore Appointment
- Aon to Purchase In-House Insurance Agency of Mitsubishi Chemical Group in Japan
- Everest Launches Italian Insurance Business
- UBS Acquitted Over Credit Suisse Criminal Money Laundering Case
- China State Media Warn Trump Against Mutually Destructive Tariff War
- Prince Harry’s Phone-Hacking Lawsuit Against Daily Mail to Go to Trial in 2026
- People Moves: HUB Int’l Names Dutton President of HUB Canada West; Von Mesterhazy Appointed Managing Director of Allianz UK Specialty, as O’Keeffe Retires
- EU Seeks to Streamline ESG Regulations Amid Growing Backlash
- Oak Reinsurance Gets Permission From Lloyd’s to Begin Underwriting in January
- Markets/Coverages: McGill, TMK and Convex Launch Trade Disruption Facility
- EU Proposes to Sanction Chinese Firms Aiding Russia’s War
- DHL Cargo Plane Crashes Near Vilnius Airport, Killing One
- UK Employers Warn Tax Rise Will Hit Investment and Pay
- Secret Russian Oil Switching Gets New Greek Hotspot After Drills
- Storm Bert Brings Flooding and Disruption to UK and France
- Generali and Natixis in Early Talks for Asset Management Tie-Up, Source Says
- UK Expands Sanctions Against Russian Oil Fleet and Its Insurers
- Contentious COP29 Deal Shows Climate Cooperation Fraying at Edges
- Markets/Coverages: MGA Aqueous Secures Capacity Deal With Allied World and Sompo
- People Moves: Markel Taps AEGIS London’s Pressman as Senior U/W, Marine Cargo; GC&C Names Chubb’s Selff as Head of Underwriting Asia
- Global Non-Life Insurance Rates ‘Plateauing’ but Nat Cat Losses Delay Market Softening
- Danish Central Banker Sees Russia Hackers as Key Risk to Lenders
- Sweden Probe Into Broken Cable Advances as Seabed Study Winds Up
- Ninety One Joins Rush of Asset Managers Chasing Insurer Deals
- Arthur J. Gallagher & Co. Acquires Chilean Broker THB Chile
- Australia’s Top Female Executives Make US$103,000 Less Than Men
- Why Asbestos Is Still Being Found in Some Cosmetics
- Bank of Japan Governor Warns AI Could Bring New Financial Stability Risks
- Zurich Insurance Group Sets New Targets After Meeting Existing Ones a Year Early
- Markets/Coverages: Rokstone Launches Global Parametric Product
- Slot Machine Operator International Game Reports Hacker Incident
- Modern Cars Are Surveillance Devices on Wheels With Major Privacy Risks: Report
- Accused of Going Too Far, UK Finance Regulator Plots Where to Go Next
- Bank of Spain Estimates Floods Cost 0.2% of GDP in 4th Quarter
- Guy Carpenter to Acquire Athens-Based Reinsurance Broker Carpenter Turner
- FCA Says Ex-Barclays CEO Staley Misled it Over Epstein Contacts During Probe
- Flood Adaptation Preferable to Post-Disaster Rebuilding – And Helps With Insurability
- Facebook Users Affected by Data Breach Eligible for Compensation: German Court
- Australia Hardware Chain Breached Privacy With Facial Recognition Tool, Regulator Says
- Finland and Lithuania Report Severed Undersea Data Cables
- Spain’s Record-Breaking Floods Push Insured Losses Above €4 Billion ($4.2 Billion)
- Shadow Banks to Face Reins on Leverage Following Watchdog Probe
- Meta Fined €798 Million by EU Over Abusing Classified Ads Dominance
- Super Typhoon Man-yi Lashes Philippines’ Main Island
- Markets/Coverages: BMS Offers Comprehensive Insurance Solution for Wine Producers
- Swiss Re Execs Sleeping Well After $2.4 Billion Q3 Reserve Boost
- Tropical Storm Sara Menaces Honduras With Catastrophic Floods
- Crisis-Era Regulation Has ‘Gone Too Far,’ Reeves Tells Finance Sector
- Brazilian Court Clears Vale, BHP and Samarco of Criminal Charges in 2015 Dam Collapse
- EU Readies More Sanctions on Russia’s Shadow Fleet by Year’s End
- Lloyd’s of London Shakes Up IT, Operations Teams
- Doe & Emuss Launches as Professional Liability U/W Manager and Lloyd’s Coverholder
- Fidelis Insurance Group Forms Strategic Partnership With MGA Euclid Mortgage
- Intact Financial Acquires Canada’s No. 1 Home Maintenance App
- Typhoon Usagi Hits Philippines, Set to Track Toward Taiwan
- Apple Faces UK Class Action Over Data Storage Allegations
- What Is the Latest Science on Climate Change?
- To Manage the Cycle Effectively, Focus on Underwriters’ Behavior
- People Moves: Price Forbes Taps BMS’s Morgan for Global Construction Team; MGA Altea Insurance Names Dixon as Senior Underwriter
- Global CO2 Emissions to Hit Record High in 2024, Report Says
- Markets/Coverages: Aviva’s Lloyd’s Insurer Probitas Launches 5 New Lines of Business
- Cevian’s Baloise Move Triggers European Insurers to Study Deal
- South Africa Declares National Disaster After Floods, Storms
- Italian Sea Group Says It Is Not Liable in Mike Lynch Superyacht Sinking
- Argentina Fintech Ualá Raises $300 Million in Round Led by Allianz X
- Envelop Risk Launches Underwriting Division, Naming Ex-Dale Underwriter Peters CEO
- People Moves: Everest Promotes Davis to Lead Reinsurance Global Specialties Business; Miller Names Armitage and Gorman for Professional & Financial Lines Team
- UK Motor Insurer Direct Line to Cut 550 Jobs in Turnaround Bid
- Global Warming Is Already on the Cusp of 1.5C, New Research Finds
- Specialist Risk Group Acquires UK Claims Specialist One Claim Ltd.
- Howden Broadens Asia Footprint With Acquisition of Hong Kong Broker Storfield
- Storm-Weary Philippines Forcibly Evacuates Thousands as Another Typhoon Hits
- Update: Shell Wins Appeal Against Landmark Dutch Climate Ruling
- Malaysia’s Top Bank Is Said to Weigh Options for Insurer Etiqa
- Multiple Climate Disasters Trigger First-Ever Red Cross Disaster Insurance Pay-Out
- Spain’s Devastating Floods Will Cost Insurers Over $3.8 Billion
- Tech Update: WTW Unveils Machine-Led Solution to Enhance Insurance Reserving
- Aon’s NFP Acquires Irish Wealth and Corporate Benefits Advisory Business
- Hannover Re’s Henchoz to Step Down as CEO, Succeeded by CFO Jungsthöfel
- Spain’s Hurricane Katrina Moment Saw Officials Ignoring Warnings
- People Moves: Marsh Names Fraser as Int’l Corporate & Commercial Leader; Clear Group Appoints Chisholm as Sales and Marketing Director
- H.W. International Agrees to Sell UK, French and Greek Operations to Steadfast Group
- Renewable Energy Offers a Cost and Opportunity to Insurance Sector
- 2024 Will Be World’s Hottest Year on Record, EU Scientists Say
- Zurich’s Exposure to Hurricanes Helene, Milton Below $360M as Catastrophe Losses Rise
- Swiss Re Cuts 2024 Profit Target After Raising US Reserves
- Markets/Coverages: Chaucer Offers Nuclear Power Stations Insurance for Cyberattacks
- Business Moves: Ryan Specialty Acquires MGU Specialist; Clear Buys UK’s CoverMarque
- Chinese Group Accused of Hacking Singtel in Telecom Attacks
- Spain Risks €10.6 Billion Flood Damage Bill, PM Sanchez Says
- Swiss Re Agrees to Sell iptiQ’s European P&C Business to Allianz Direct
- Finland Records First Hurricane-Force Winds Off West Coast
- Specialist Risk Group Acquires UK-Based MGA NW Re
- Valencia Asks for €31 Billion Rescue Package After Deadly Floods in Spain
- Aon to Acquire UK Insurance Broker Griffiths & Armour
- Russia Suspected of Plotting to Send Incendiary Devices to US
- London Protesters Demand Water Companies Clean Up Sewage-Tainted Rivers
- People Moves: Aon Underwriting Managers Appoints LSM’s Clapham as CUO; Lloyd’s Taps Aviva’s Adams as Chief People Officer, Succeeding Gomez
- Spain’s Floods to Cost Insurers More Than €1 Billion: Morningstar DBRS
- Markets/Coverages: Marsh Offers Insurance to Manage Risks of Fake Carbon Credits
- Vienna Insurance Group Launches Specialist Cyber Security Company
- Meta Loses Bid to Appeal UK Class Action Over User Data
- Update: TikTok Sued by Families in France After Children’s Suicides
- Global Reinsurers’ ROE Jumps to 22% in 2023, but Market Softening Unlikely: AM Best
- Markets/Coverages: IQUW Launches Financial Institutions Product in Australia
- Ardonagh Advisory Agrees to Acquire Rowett Insurance Broking in UK
- Ryan Specialty in Discussions to Acquire UK’s Innovisk Capital Partners
- Kremlin Says Google Should Lift YouTube Block on Russian Broadcasters
- Bain-Backed Motor Insurer Esure Draws Interest from Aviva, Allianz
- Deadly Spain Floods Show Difficulty of Adapting to Intense Rains
International & Reinsurance News Archives
