International & Reinsurance News for May 2025
- EU to Propose More Flexible Climate Goal, Sources Say
- Wildfires in Alberta Pose Growing Threat to Canada’s Oil
- People Moves: Markel Taps Former RSA Exec Mooney to Succeed Galjaard; AXA XL Reinsurance Names Ivanova as Head of Property, International Reinsurance
- Czech Republic Accuses China of ‘Malicious Cyber Campaign’ Against Foreign Ministry
- Lloyd’s Insurer Beazley Gains New Bull to Bolster Unique Status
- Markets/Coverages: MGA Rokstone Launches International Casualty Division
- Sony Says Spin-Off Will Give Financial Arm Fundraising Capabilities
- Hiscox Appoints Clarke as Chairman Designate
- UK Authorities Charge Director at Center of Fake Plane Parts Probe
- Cargo Ship That Ran Aground in Norway, Nearly Hitting a House, Is Towed Back to Sea
- Viewpoint: Global Reinsurers Stand Strong Amid Investment Volatility, Natural Disasters
- Definity’s Travelers Canada Deal Could Prompt Wave of Consolidation, CEO Says
- People Moves: AXIS Restructures Global Markets Team; Chaucer Taps Ray From Fidelis as Head of Renewable Energy and Energy Transition
- EU Almost on Track to Reach 2030 Climate Goal
- German Court Throws Out Peruvian Farmer’s Climate Case Against RWE
- Dutch Insurer Scraps Old-Style Chat Bots Amid Uneven AI Rollout
- Definity Financial to Buy Travelers Cos.’ Canadian Operations for $2.4 Billion
- Cyberattack Surge Creates Opportunity for Insurers, Prompts Rethink on Premiums
- Tokio Marine Launches Green Unit, Eyes $1 Billion Revenues by 2030
- People Moves: Fidelis Insurance Group Promotes Greenwood as CUO for Bermuda; Everest Names Former Chubb Executive Page to Board of Directors
- Political Risk Cover Demand Rises, but GWP Growth Lags: Report
- Wildfires Erupt Near Alberta Oil Well Sites Amid Hot Weather
- India Races to Contain Oil Spill From Sunken Container Ship
- India Debuts New Weather Model to Help Farming, Flood Planning
- Norwegian Man Awakes to Discover Grounded Cargo Ship Narrowly Missed His Home
- Markets/Coverages: BHSI Expands Executive & Professional Lines Cover in Italy
- Australia’s East Coast Begins Flood Cleanup as Waters Recede
- Shareholders of Swiss Insurers Helvetia and Baloise Approve Merger
- BMS Group Acquires Turkish Broker Oria
- Poland Says Key Infrastructure at Risk After Baltic Sea Incident
- Crypto DeFi Project Cetus Protocol Suffers Security Breach
- US ‘Not Convinced’ About Lower G7 Price Cap on Russian Oil, European Official Says
- Four Die as Floods Hammer Area North of Sydney, With More Rain Coming
- European Officials Weigh Response to US Efforts to Thwart Local DEI Programs
- People Moves: Willis Promotes Williamson as Canada Leader; HDI Global Taps RSA’s McDowell as Sales & Distribution Lead for International Programs and Captives
- Thames Water Tops List of Firms Facing Criminal Probes Over Pollution
- Climeworks Is Cutting 22% of Staff as US Climate Backlash Hits Carbon Removal
- Aircraft Lessor SMBC’s Proceeds From Russian Jet Insurance Settlements Hit $1.4B
- Kremlin Vows to Defend Its Ships in the Baltic by All Legal Ways
- EU to Propose Removing Business Barriers to Enhance Competitiveness Amid US Tariffs
- Global Forest Loss Tops Record as Wildfires Drive Destruction
- Chevron Says One Missing After Fire at Angola Offshore Oil Platform With 17 Injured
- Marks & Spencer Says Cyberattack to Cost £300 Million
- Europe’s Farm Sector Loses €28 Billion a Year From Climate Risks
- Ryan Specialty Acquires Irish MGU 360° Underwriting
- Japan’s Big Non-Life Insurers Plan to Sell Cross Shareholdings
- Italy’s Data Watchdog Fines AI Company Replika’s Developer $5.6 Million
- EY Negligently Missed Huge Fraud at Collapsed Hospital Operator, $3B UK Trial Hears
- EU Will Propose to G7 Nations a Reduction in Sanctions Price Cap for Russian Oil
- Motion Specialty Launches Lloyd’s MGU, Founded by Former Hiscox Executives
- M&S’ Slow Recovery From Cyberattack Puts it at Risk of Lasting Damage
- UK Legal Aid Hack Includes ‘Significant Amount’ of Personal Data
- EnergyAustralia Apologizes to Customers After Greenwashing Case
- UK’s Anglian Water Fined £1.4 Million Over Drinking Water Failures
- Crypto High-Rollers Go Big on Bodyguards to Deter Kidnappers
- Estonia Says Russia Detained Tanker in Baltic Sea
- Lloyd’s Has ‘Laser Focus’ on Oversight of Coverholders to Proactively Avoid Market Risk
- Swiss Re Profits Up Despite Losses from California Wildfires
- Rogue Communication Devices Found in Chinese Solar Power Inverters
- Cyberattack-Hit M&S Says Food Availability Improving Every Day
- Christian Dior Couture Client Data Breached in Cyberattack
- Estonia Says Russia Sent Jet After Attempt to Stop Sanction-Breaking Ship
- People Moves: AIG Taps Colombo From Swiss Re as CEO, Latin America and Caribbean; Willis Names Former Allianz Exec Vosloh as Head of Cyber for EMEA
- Hedge Fund Fermat Sees 20% Surge in Catastrophe Bond Market
- Xiaomi EV Sales Fall After Deadly Crash, False Advertising Claims
- ‘Synchronization’ of Europe’s Financial Rules With US, UK Is a Priority: France’s Macron
- Business Moves: Insurtech wefox to Sell Italian Businesses to PE Firm J.C. Flowers
- Aviva’s £3.7 Billion Direct Line Deal Faces UK Merger Review
- Markets/Coverages: Markel Launches Affirmative Cyber Product for Collateral War Cover
- Conduit Re Names Eckert as CEO
- UK Watchdog Set to Ease Insurance Rules for Large Companies
- South Africa’s Tiger Brands Offers Settlement to Plaintiffs in Listeriosis Class Action
- Former XL CEO McGavick Returns to Insurance With AI Firm Mea Platform
- Google Facing at Least €12 Billion in Civil Claims Across Europe
- India Approves More Russian Insurers to Provide Marine Cover
- Global Banking Regulators Agree to Prioritize Climate Risk Work
- Markets/Coverages: MGA Pen Launches Enhanced Cyber Risk Management Platform
- People Moves: Everest Promotes Mesagaes to Reinsurance Head of Renewable Energy; Westfield Specialty International Taps Arch’s Poulteney and Kailia for Offshore Energy
- German Reinsurers Report Q1 Profits Down Sharply on Los Angeles Wildfire Claims
- Marks & Spencer Says Hackers Have Stolen Some Customer Data
- London Workers Hit by Travel Disruption After Power Outage
- Chinese Exporters Elated by Reprieve in US-China Trade War
- Markets/Coverages: Markel Launches Clinical Trials Cover to Support Research Globally
- Recovery of Superyacht Bayesian off Sicily Suspended After Diver Dies
- Heathrow Fire Timeline Set Out as Grid Security Focus Sharpens
- People Moves: SiriusPoint Promotes Fenn to Global Head of Marine; Arch Insurance International Promotes Mansouri to UK PI Underwriting Manager
- Business Moves: Clear Group’s Shape Underwriting Acquires HNW Specialist Protect Underwriting; Optio Buys UK PI Specialist MGA, Custodian Management
- Abu Dhabi’s IHC, BlackRock Start $1 Billion Reinsurance Firm
- EU Plan to Water Down ESG Rules Risks Wave of Litigation, Legal Scholars Warn
- UK Sewage Crisis Leaves Beachgoers Sick and Frustrated
- People Moves: Marsh Taps FERMA’s Beaupérin as Client Leader, Risk Management, Europe; Sompo Int’l Holdings Names Walsh as Independent Non-Exec Chair
- Markets/Coverages: CFC Launches Simplified Intellectual Property Product
- Zurich Insurance P/C Revenue Rises in 1st Quarter; Targets Affirmed
- Lloyd’s Promotes Chief of Markets Tiernan to CEO, Succeeding Neal
- Chairman of South Korea’s SK Group Apologizes for Massive Data Leak at SK Telecom
- UK Cyber Security Chief Names China as Dominant Hacking Threat
- EU to Propose More Sanctions on Russia’s ‘Shadow’ Oil Tankers
- Britain to Face More Cyberattacks as AI Adoption Grows, Minister Says
- Airlines Re-Route, Cancel Flights Due to India-Pakistan Fighting
- Markets/Coverages: Chaucer Launches Standalone TPL Cover for AI Underperformance
- Business Moves: Gallagher Acquires Turkish Re/Insurance Broker Aspera
- Copper Cable Theft in Spain Delays Thousands of High-Speed Rail Passengers
- People Moves: Aon Promotes Lyons to Bermuda CEO of Reinsurance; BHSI Appoints Munden to Lead New UK Programs Business
- Business Moves: Earnix Agrees to Acquire Insurtech and AI Specialist Zelros
- M&S, Co-op Cyberattackers Duped IT Help Desks Into Resetting Passwords, Report Says
- Money Laundering Risks Remain High in Switzerland, Financial Regulator Says
- Spain Discloses New Power Grid Failure on Day of the Blackout
- People Moves: Aon Names DiLorenzo as Head of US Casualty for Reinsurance Solutions; Brit Promotes Mudd to Active Underwriter for Syndicate 2988
- Markets/Coverages: AXIS Launches Cyber and Liability Policy for Canadian SMEs
- Flights Again Halted to Israel After Houthi Missile Lands Near Airport
- TikTok Fined €530 Million for Illegally Sending EU Data to China
- UK Minister Tells Businesses to ‘Wake Up’ After Marks & Spencer Hack
- UK Grocer Co-op Says Hackers Obtained Customer Data
- Britain’s M&S Enters 2nd Week of Sales Disruption After Cyberattack
- Rebrandings Announced by Acrisure and Clear Group Subsidiaries in UK
- Apple Must Pay Optis $502 Million Lump Sum in UK Patent Dispute, Court Rules
- Harrods Is Latest UK Retailer to Be Hit by Cyberattack
- Denmark Plans $1 Billion War Insurance for Merchant Shipping
- Markets/Coverages: Coalition Launches Cyber Insurance for Businesses in Nordic Region
- Arthur J. Gallagher & Co. Acquires New Zealand’s First Capital Financial Services
- Scientists Tally Oil Majors’ Climate Damage With Eye to Legal Liability
- Chinese Hacking Competitions Fuel the Country’s Broad Cyber Ambitions
- Viewpoint: Regulatory Proposals in Australia, Malaysia Reshape Reinsurance Strategies
- Buyer’s Remorse Hits Finance Bosses Who ‘Overhired’ for ESG
International & Reinsurance News Archives
