International & Reinsurance News for January 2025
- Howden Said in Talks to Buy Insurance Broker Risk Strategies
- Corporate ‘Irritation’ Over ESG Fueled by Significant Costs
- DeepSeek’s AI Restricted by ‘Hundreds’ of Companies in Days
- Floods in France Force Evacuations and Cut Power to Homes
- Australia Braces for Life-Threatening Floods as Six Storms Brew
- Brazil Insurer Porto Seguro Eyes Partners for Health Business, Sources Say
- Europe’s Insurers May Face New Capital Rules for Climate Risk
- Generali to Pay Out Over €7 Billion in Dividends by 2027
- EU Says Drive to Simplify Will Not Weaken Climate Agenda
- People Moves: Lloyd’s Promotes Cliff to CFO, Succeeding Keese; Ryan Re Appoints BMS’ Ryan as EVP to Lead Strategic Business Development
- Theft and Violence in UK Retail Soar to Record Levels, Survey Shows
- UK Government Agencies Vulnerable to Cyberattacks, Watchdog Says
- Flood-Prone New Zealand Says It Needs to Adapt to Climate Extremes
- People Moves: Patel Named Chair of Canopius Managing Agents, Succeeding Meader; Evolin Broking Taps Downing From Miller to Launch Construction Division
- US, UK Ships Return to Red Sea After Houthis Vow to Hold Fire
- Tech Update: Aventum Invests $12 Million to Create Proprietary Tech Function
- Fire Destroys Air Busan Plane in South Korea, All 176 Evacuated
- Climate Change Will Lead to Higher Deaths in Europe, Study Shows
- Markets/Coverages: DUAL Europe Launches Cyber Active Protect Solution
- Crew Abandon HK-Flagged Container Ship in Red Sea After Fire: Sources
- Everest Group Boosts Casualty Loss Reserves $1.7 Billion
- Storm Triggers Worst Floods in 40 Years in Northwest France
- Fuji Media, Rocked by Sexual Misconduct Allegations, Says Executives to Resign
- Ardonagh Netherlands to Buy Majority Stake in 2 High-Net-Worth Specialist Firms
- Oceans Are Warming Faster and Faster as the Earth Traps More Energy
- German Watchdog Raises Focus on Physical Risks Stemming From Climate Change
- Generali Global Corporate & Commercial Enters Launches Business Unit in India
- South Korea’s Preliminary Jeju Air Crash Report Focuses on Bird Strike
- Climate Change Makes Fierce Winter Storms Like Éowyn Even Stronger
- Sweden Seizes Ship Suspected of Sabotage in Baltic Sea
- Update: Auditors Get Tougher Guidelines on Judging Firms’ Environmental Claims
- Specialist Risk Group Acquires Ecclesia Group’s Assets in Netherlands and Belgium
- Digital Lloyd’s Syndicate Ki Becomes Separate Company Within Fairfax Group
- LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch
- French Families Sue TikTok Over Teen Suicides They Say Are Linked to Harmful Content
- Murdoch’s News Group Settles With Prince Harry, Leaving Questions Unanswered
- ‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association
- Storm Éowyn Leaves Thousands Without Power, Grounds Flights
- Sky Betting Illegally Collected Gambler’s Data, Court Rules
- Banks Have Unfair Edge Over Insurers in M&A Race: NN CEO Says
- Everest Group Names Williamson as Permanent Chief Executive Officer
- Storm Éowyn Set to Bring ‘Weather Bomb’ to UK and Ireland
- China Guides Mutual Funds, Insurers to Invest More in Stocks
- Dutch Willing to Help Insurers Invest in Defense, Minister Says
- India Widens Approvals for Russian Insurers After Oil Sanctions
- People Moves: Arch Promotes Thompson to Offshore Energy Underwriting Manager; WTW Names Mamone as Head of Tech Delivery and Strategy
- Italy’s Reale Mutua Eyes €1 Billion Deals in Europe Expansion
- AXA XL Supports UK’s First Development-Stage Accelerator for Climate Tech Businesses
- Storm Éowyn Set to Hit UK With Damaging Winds and Heavy Rains
- EU Is Set to Shrink ESG Reporting Rules Amid French Demands
- Six Years Post Fatal Disaster, Mines Start Global Waste-Dam Body
- South Korea to Change Airport Design After Deadly Jeju Air Crash
- Houthis Say US and UK Ships Can Safely Take Red Sea Passage
- Generali, BPCE to Form Europe’s Second-Largest Asset Manager
- People Moves: SCOR UK Promotes Mummé-Young to CUO; QBE Taps Allianz’s Marega for New Role as European Product Manager, Professional Indemnity
- Southern Taiwan Hit by 6.4 Magnitude Quake, TSMC Evacuates Some Factories
- UK’s Reeves to Meet Key Financial Services Sectors
- City of London’s Tallest Tower Fully Leased With RiverStone International Deal
- Four Canadian Banks Quit Climate Group as Exodus Begun by Wall Street Picks Up
- Red Sea Trade Route to Remain too Risky Even After Gaza Ceasefire: Industry Executives
- EU Plans Ban on ‘Forever Chemicals’ in Consumer Products
- People Moves: Arch Insurance Int’l Promotes Senior Leaders in Casualty Team; Markel Taps Chubb’s Jordan as Casualty Claims Manager in Australia
- Damaging Megadroughts Are Spreading Around the World
- France Steps Up Checks After Foot-and-Mouth Outbreak in Germany
- Broker Juniper Re Enters London With Industry Veteran Hawke at Helm
- South Korea’s Crashed Jet Reveals Bird Feathers in Both Engines
- Tanker Under US Sanctions Discharges Oil at Chinese Port: LSEG Data
- Maritime Sources Expect Houthis to Halt Red Sea Attacks After Gaza Deal
- People Moves: Lloyd’s Names AIG Veteran Baugh as Council Member; White Bear Managers Taps Former Castel Bloodstock Underwriters Woodward and Long
- Lloyd’s Syndicate AEGIS London Launches Portfolio Solutions Division
- Extreme Ocean Heat Breaks Records in 2024, Creating 2 Mysteries to Solve
- Family Seeks Record $2.6 Billion After Fatal Helicopter Crash
- Reeves’ Pressure on UK Watchdogs Spooks Financial Crisis Veterans
- Generali Near Deal With Natixis for Asset Management Venture
- People Moves: Lockton Re’s International P/C Division Names Moruzzi, Cope as Senior Brokers; Westfield Specialty Int’l Appoints Nugent, Beltran for Professional Indemnity
- Legacy Specialist Enstar Agrees $196M Loss Portfolio Transfer With Atrium Syndicate
- Pilot Confusion, Congestion Detailed in Fatal Japan Crash Report
- NHS Cyberattack in UK Inflicted Long-Term Harm on Patient Health
- Cyber, Business Interruption, Natural Disasters Listed as Top 3 Business Risks: Allianz
- War Anxiety Grips Davos Experts With Ukraine Peace Still Elusive: WEF Survey
- DARAG Acquires Run-Off Portfolio From wefox Insurance AG
- Polo Insurance Managers Launches Clockwork Re
- Baltic Sea Cable Cuts Can’t Be Accident, EU Tech Chief Says
- Russian Insurer Says US Sanctions Against it Increase Risk of Environmental Disaster
- Russia Expands Response to Biggest Black Sea Fuel Spill in Decades
- Business Moves: Aon’s NFP Buys Irish HR Consultant; CoreLogic Purchases Australian Technology Firm
- People Moves: Arch Insurance (EU) dac Promotes Smith to CEO, Succeeding Scheuer; BHSI Taps SCOR’s Le Gall as Head of Casualty in France
- Canadian Insured Losses From Catastrophic Events Total C$8.5 Billion in 2024: CatIQ
- Broker Miller Launches Korean Unit to Aid Asia Expansion
- Stricken Oil Tanker Towed to Safety off German Island of Ruegen
- Yodel Lawsuit Exposes Strains in UK’s Troubled Parcel Industry
- Tougher US Sanctions to Curb Russian Oil Supply to China and India
- Europe Warns Airlines on Russia Airspace After Azeri Plane Crash
- South Korea Jet Crash Puts Fast-Growing Jeju Air’s Safety Under Scrutiny
- Update: Hottest Year Ever Sees World Breach 1.5C Global Warming Target
- People Moves: WTW Names Wegbrans as Head of Corporate Risk & Broking Europe; Howden Re Taps Aon’s Nicholson, Lockton Re’s Riley for Aviation and Space Team
- EU Bank Regulator Tightens ESG Rules as Climate Risk Grows
- Insured Losses From Natural Disasters Hit $140B as Climate Change ‘Shows Its Claws’
- When EVs Take Off: AM Best Reviews Impact on China Motor Insurance
- Broker McGill Offers Property War Reinsurance for Ukraine
- Tibet Earthquake Kills at Least 126 People, Leaves Many Trapped
- Lloyd’s CEO Neal Appointed Aon CEO of Reinsurance, Chairman of Climate Solutions
- South Korea Reviews Airport Runway Walls After Fatal Jeju Crash
- Israel Cyber Firms Raise $4 Billion in 2024 on Surge of Cloud, AI Security Needs
- Oil Tanker Linked to Subsea Cable Damage Has Serious Deficiencies, Finland Says
- Reinsurance Buyers With Good Portfolio Stories See Better Renewal Outcomes: Brokers
- Business Moves: Aon, Guy Carpenter, WTW Each Complete Previously Announced M&As
- Core Specialty to Purchase London Aviation Underwriters
- China Says 32 People Killed, 38 Hurt as Earthquake Hits Tibet
- Finland’s Elisa Says Baltic Undersea Cables Were Torn Apart by External Force
- UN Aviation Agency Investigates Reports of Possible Data Breach
- Swiss Insurer Helvetia Said to Mull Sale of German Operations
- People Moves: AXIS Taps Chubb’s Farrup to Lead Global Mkts, Succeeding Gregory; Agile’s Lloyd’s Syndicate Hires AXA XL’s Hughes for London Marine Operation
- Global Property Catastrophe Rates-on-Line Down 6.6% During Renewals: Guy Carpenter
- Russia-Appointed Officials in Crimea Declare Emergency as Oil Spill Reaches Sevastopol
- Taiwan Says Chinese Ship Broke Subsea Cable in Alleged Sabotage
- Arthur J. Gallagher & Co. Acquires Canadian Broker Encore Group
- Ghosts of Grenfell Disaster: No Penalties for UK Firms That Used Flammable Cladding
- One in Four UK Firms Cut Jobs After Reeves Budget, PMI Shows
- The Wartime Risk Insurers Making Fortunes Keeping Trade Moving
- People Moves: Fairfax Insurance Names Young as President, Barnard as Chair; Acrisure Appoints Industry Veteran Reith as Exec Chair of MGA Unit Volante
- Europe Braces for Snow and Ice With UK Facing Amber Warnings
- First Supertanker to Be Scrapped in Two Years Is a Dark Ship
- Finland Power Grid Operator Asks Court to Seize Oil Tanker Over Cable Damage
- Top Climate Group for Banks, Insurers, and Asset Managers Is Making Changes
- South Korea Police Search Jeju Air, Airport Operator Over Fatal Plane Crash
- Brown & Brown’s Nexus Agrees to Acquire Reinsurance MGA Arma in Dubai
- Owner Seeks Release of Oil Tanker Seized in Finland Cable Probe
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