International & Reinsurance News for December 2024
- Korea Probes Airport Design as Crash Investigation Turns to Wall
- Two Plane Crashes Lead to Deadliest Year in Skies Since 2018
- UK Insurer Aviva to Cut Up to 2,300 Jobs in $4.65 Billion Direct Line Deal
- Brazil Says Workers at China’s BYD Site Are Victims of Human Trafficking
- Finland Finds Anchor Drag Marks Left by Tanker That Broke Cables
- Loss-Free Property Cat Rates Fall 5%-15% as Reinsurer Appetite Grows: Guy Carpenter
- Top International Insurance Journal Stories of 2024
- Update: South Korea Orders Airline Safety Probe After Worst Domestic Crash Kills 179
- Cyber Attack on Italy’s Foreign Ministry, Airports Claimed by Pro-Russian Hackers
- Atos Says Ransomware Group Claims It Compromised a Database
- Fiery Plane Crash Kills 179 in Worst Airline Disaster in South Korea
- Germany’s BioNTech Settles With US Agency, UPenn Over COVID Vaccine Royalties
- NATO to Boost Baltic Sea Presence After Power, Internet Cable Damage
- The War on Wildfires Is Going High-Tech
- Young Drivers Warned That Policy ‘Fronting” Is Fraud
- Global Disease Resurgence in 2024 Shows Rising Health Threat
- Ex-Citigroup Trader Wins Unfair Dismissal Case in Hong Kong
- Hockey Player Involved in Deadly Collision Seeks Donations for Legal Costs
- Japan Plane Crash Probe Points to Coast Guard Crew Confusion
- Rescuers Retrieve 38 Bodies and Recorders From Azeri Plane Crash
- INSIGHT-Airline Pilots, Crews Voice Concerns About Middle East Routes
- Catastrophe-Bond Issuance Pushes Overall Market to Almost $50 Billion
- Losses From Crypto Hacks Jump to $2.2 Billion in 2024, Report Says
- RiverStone International to Provide Loss Portfolio Transfer for Zurich Insurance
- Australia Braces for Worsening Bushfires as National Park Burns
- DHL Plane Crash Black Box Shows No Foul Play, Lithuania Says
- Aviva Agrees to Buy UK Insurer Direct Line for £3.7 Billion
- Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025
- Liberty Mutual Weighs Sale of Thailand, Vietnam Assets
- Ships Canceled, Smelter Hit As Mozambique Braces for More Post-Election Disruption
- Self-Proclaimed Bitcoin Inventor Found in Contempt of Court After Lawsuit Loss
- G-7 Considers Options to Harden Price Cap on Russian Oil
- Singapore’s bolttech, Valued at $2.1 Billion, Raises More Than $100 Million
- DARAG Completes Sale of North American and Bermuda Businesses to RiverStone
- Denmark Warns That Russia May Send Warships to Escort Oil Tankers
- People Moves: Generali Global Corporate & Commercial Taps Allianz’s Moro as Head of Cyber Insurance; Miller Bolsters Asia Power Team, Appointing Howden’s McGonagle
- W. R. Berkley Launches Branch Office in India
- European Insurers’ Fundamentals Resilient to Moderating Premium Rates, Falling Yields
- Viewpoint: Strategies for Brokers as M&A Slows and Insurance Rates Soften
- Can China Shield the Biggest Uninsured Economy From Floods?
- European Central Bank Pitches Plan to Boost Insurance Coverage for Climate Losses
- Brown & Brown Acquires UK Employee Benefits Specialist Drewberry
- Swiss Re Among Firms in $3 Billion Credit-Risk Deal for International Finance Corp.
- G20 Watchdog Urges Governments to Address Non-Bank Financial Risks
- UK Targets Russian Oil Trading ‘Lynchpins’ With Sanctions
- Third Tanker Sends Distress Call as Oil Washes Up on Russia’s Black Sea Coast
- EU Privacy Regulator Fines Meta €251 Million for 2018 Breach
- Ardonagh Reaches $14 Billion Valuation With Stone Point Investment
- Meta Settles With Australia’s Privacy Watchdog Over Cambridge Analytica Lawsuit
- ConnectUW Holdings Opens for Business at Lloyd’s
- AXIS to Transfer $2.3B of Reinsurance Reserves to Enstar in Boost to Specialty Focus
- People Moves: Arch Insurance Taps Symenouh From Tokio Marine as Senior Cyber Underwriter; Chubb Promotes Latter to Lead Claims for Overseas General Insurance
- England Warns Nearly a Million More Properties Face Flood Risks
- Baltic Sea Countries to Start Checking Insurance Status of Tankers Moving Russian Oil
- People Moves: Rokstone Taps Hogarth From Castel for Direct & Facultative Property Team; Arch Insurance Taps Laazaouzi From CNA Hardy as Senior Casualty U/W in France
- Stricken Oil Tankers Show Risks of Russia’s Aging ‘Shadow Fleet’
- Swiss Insurer Helvetia’s Cost-Saving Plans Will Impact About 500 Jobs: CEO
- Disaster Insurance Set to Test Italy’s Business Backbone in 2025
- How Accountants Provide Frontline Defense Against Cybercrime
- Climate Change ‘Supercharged’ Philippines’ Typhoon Season, Study Finds
- Lloyd’s of London Trade Body Examines Planned Conduct Overhaul
- Allianz Withdraws $1.63B Offer for Singapore’s Income Insurance
- AIG Leads Launch of Reinsurance Syndicate at Lloyd’s
- Ryan Specialty Forms Contingency Unit, Joining Paradiso Risks and Alive Risk
- Swiss Re Targets Net Income of More Than US$4.4 billion for 2025
- Aviva’s India Officials Approved Brokerage Model Queried by Taxmen
- Ukraine Identifies Tankers It Says Are in Russia’s Shadow Oil Fleet
- Munich Re Targets Net Profit of €6 Billion ($6.3 billion) for 2025
- People Moves: HDI Global Promotes Schulte as Global Head of Marine; Amwins Global Risks Hires Ewing to Lead Transactional Risk Practice
- Digital Lloyd’s Syndicate Ki to Become Standalone Business Within Fairfax Group
- Aon and EBRD Launch €110M Facility to Provide Cover for War-Related Risks in Ukraine
- BHP, Rio Pressured Women to Sign NDAs After Sexual Harassment Complaints: Lawyer
- Hacking Rooftop Solar Is a Way to Break Europe’s Power Grid
- BMS Group to Acquire Spanish Broker Rasher and Its Latin American Subsidiaries
- Hermes Family in Talks to Invest in French Insurer Albingia
- Datamaran Announces Deal With Deloitte to Use ESG Software
- Cyber Specialty MGA Envelop Risk Extends Capacity Backing From MS Reinsurance
- Shell Settles Lawsuit Against Greenpeace Over Activists Boarding Oil Vessel
- Future Pandemic Could Cause $13.6 Trillion in Economic Losses Over 5 Years: Lloyd’s
- Large UK Insurers to Report Daily Cash Positions During Crises Under New Proposals
- Quantifying Social Inflation: How Swiss Re Developed an Index
- Specialist Risk Group Buys UK Broker R3 in Its 11th Acquisition of 2024
- Allianz Raises Financial Targets for Next Three Years
- Insurers’ Climate Losses Almost Match Premiums From Fossil Fuels
- Catastrophe Bonds See Investor Influx After ‘Fantastic’ Run
- People Moves: GC&C Appoints Key Leaders in Mediterranean & LatAm; Ryan Financial Lines Names Winborn as President, Mitchell as COO
- Identities of Shadow Banks That Use New BOE Tool to Remain Secret
- Tepco Removes Nuclear Fuel Debris From Fukushima Disaster Site
- Global Temperature Set to Surpass 1.5C Threshold in Hottest Year on Record
- Ex-Allianz Fund Manager Avoids Jail Over $3 Billion Collapse
- Allianz Pauses Talks With Amundi Over Control of Asset Manager
- Antares Announces Leadership Team for New Commercial Division
- Aviva CEO Amanda Blanc Conquers Detractors and Direct Line
- UK Issues Red Warning as Storm Darragh Brings Hurricane-Strength Winds
- Insured Losses From Natural Disasters Top US$100B for 5th Consecutive Year: Swiss Re
- China Aims to Boost Foreign Investment in Property Insurance Market
- Ransomware Gangs’ Merciless Attacks Bleed Small Companies Dry
- Aviva Reaches Initial £3.6 Billion Deal to Buy Direct Line
- UK Insurer Aviva Said to Boost Direct Line Takeover Bid to £3.4 Billion
- Drones Offer an Unparalleled View of the Biggest Wildfire Risks
- Investors With $9.5 Trillion Seek Mandatory Scope 3 Emissions Disclosures
- Amundi Interested in Buying Allianz Global Investors
- Insurance Broker Verlingue Acquires Switzerland’s ProConseils Solutions
- People Moves: Karmilowicz Resigns as Chair of Everest Global Insurance; TMK Taps AXIS’ Furness-Smith as APAC Cyber U/W; Coalition Names Kanno for UK Cybersecurity
- Pemex Vowed No More Fatalities. At Least Six Workers Have Died Since.
- Insurer Fortegra Launches Subsidiary in UK
- Viewpoint: Artificial Intelligence Faces New Era of Regulatory Oversight
- Inigo Owners Said to Weigh Options for Lloyd’s of London Insurer
- WTW to Return to Treaty Reinsurance Broking Via Bain Capital Joint Venture
- Arthur J. Gallagher & Co. Acquires Brokerages in Canada and Australia
- People Moves: Ryan Specialty Underwriting Managers Int’l Names Birrell Exec Chair, Montgomery as CEO; Howden Re Taps Aon’s Kroely as MD for Continental Europe
- UK Business Activity Set to Shrink in Wake of Budget, CBI Says
- Italy to Require Companies Buy Insurance for Climate Risks
- Rising Sick Days Are Costing Europe Billions Every Year
- British Columbia Can Mount Opioid Class Action, Canada’s Top Court Says
- Arthur J. Gallagher & Co. Acquires UK-Based Caytons Law
- China’s ByteDance Seeks $1.1M in Damages From Ex-Intern in AI Breach Case: Report
- International Court Begins Hearings That May Shape Global Climate Litigation
- Private Equity Tie-Ups With Insurers Create Risks, BOE Says
- Bank of England Finds Non-Bank Financial Firms Pose Wider Risks in Crisis Periods
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