International & Reinsurance News for October 2025
- Melissa Jamaica Damage Seen Costing Insurers Up to $3 Billion
- Aon’s Q3 Organic Growth of 7% Outperforms Expectations
- Tech Update: WCL Launches Digital Treaty Placement Platform in Bermuda
- The Fidelis Partnership Launches 2nd Lloyd’s Syndicate, Backed by PE Firm Blackstone
- Hurricane Melissa to Bring Wet, Windy Weather to Northern Europe
- Satellite Data Reveals Hurricane Melissa Damage in Jamaica
- Hot Weather Is Killing More Than Half a Million People a Year
- France Makes New Arrests in Louvre Heist; Jewels Still Not Found
- WTW Reports Flat Q3 Revenue of $2.29 Billion, With Organic Growth of 5%
- Ex-Thief Says He Warned Louvre of Security Weaknesses Around Crown Jewels
- AIG Joins Private Equity Firm Onex to Acquire Re/Insurer Convex Group
- Ship With Radioactive Zinc Dust Stuck Near Philippine Port, Official Says
- Jamaica’s Grid Was Not Ready for Hurricane Melissa
- Hurricane Melissa Wreaks $8 Billion of Damage, Kills Dozens
- Starr Acquiring IQUW; Starr Managing Agency to Be Among 10 Largest at Lloyd’s
- Vietnam Logs Five Feet of Rain in One Day, Nearing World Record
- Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports
- Hurricane Melissa Makes Cuba Landfall After Lashing Jamaica
- UN Sees World’s Emissions Falling 10% by 2035, Far Short of 60% Goal
- Generali, Natixis Owner Likely to Drop Asset Management Deal, Sources Say
- Europe’s Top Rights Court Rejects Climate Challenge Against Norway’s Oil
- Tokyo Metropolitan Government Issues Climate Resilience Bond
- Jamaica Catastrophe Bondholders Now Face Full-Trigger Event
- Swedish PE Firm EQT Offers to Buy Australian Insurance Broker AUB in $3.4B Deal
- Reuters: Iran, Russia and the New Zealand Insurer That Kept Sanctioned Oil Flowing
- Ryan Specialty Agrees to Acquire Canadian MGU Stewart Specialty Risk Underwriting
- Ex-PIMCO Executive Plans to Launch Europe’s First ETF Based on Catastrophe Bonds
- Update: Hurricane Melissa Bears Down on Jamaica as Category 5 Storm
- Catastrophe Bond Investors Told to Brace for Jamaica Payout
- Canada Pension Fund Sued by Young People Over Climate Risks
- AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B
- Banks Rocked by ‘Extreme’ Car Loan Costs Gear Up for FCA Fight
- People Moves: Liberty Mutual Re Taps Aldwinckle From AXA XL Re as CUO, International Casualty; Re/Insurer IQUW Bermuda Names Guy Carpenter’s Mitchell as CUO
- Suspects in Louvre Heist in Custody After Week-Long Manhunt
- Hurricane Melissa Churns Toward Jamaica as Category 5 Storm
- HSBC to Take $1.1 Billion Hit After Luxembourg Court Ruling in Madoff Case
- HK Startup Aims to Launch Satellites for 3D Wind Data, SCMP Says
- Business Moves: MNK International Acquires Broker in Turkey; Specialist Risk Group Buys Healthcare Consultancy, Specializing in UK Professional Sports
- People Moves: Aon Re Names Secker EMEA Chief Client Officer, De Bosini as Chief Broking Officer; ACORD Taps Former IUA CEO Matcham as Digital Markets Ambassador
- French Court Penalizes TotalEnergies for Deceptive Greenwashing Claims
- Markets/Coverages: Coalition Launches Excess Cyber Insurance in Quebec
- EU’s New Sanctions Boost Allies’ Push to Hit Russian Energy
- Apple Loses Landmark UK Lawsuit Over App Store Commissions
- Thames Among UK’s Worst-Polluting Water Firms as Incidents Rise
- Japanese Companies Brace for More Attacks as Cybercrimes Climb
- Tropical Storm Melissa Brings Heavy Rain to Haiti, Dominican Republic and Jamaica
- Global Commercial Insurance Rates Drop 4% in Q3, for 5th Quarterly Decline: Marsh
- This Pollution Lawsuit Could Reach Far Beyond Banks of River Wye in UK
- New Zealand Issues Rare Red Warnings Amid Destructive Spring Storm
- Apple Attacks EU Crackdown in Digital Law’s Biggest Court Test
- Australia Tells AI Chatbot Companies to Detail Child Protection Steps
- People Moves: Zurich’s BOXX Insurance Names Key Appointments in Distribution, Underwriting, Claims; HDI Global Appoints Smart to Lead Global Bloodstock & Equine
- Baidu to Bring Robotaxis Without Steering Wheels to Switzerland
- Jewelry Stolen From Louvre Valued at 88 Million Euros, Paris Prosecutor Says
- Britain Will Make it Easier to Fine Water Firms for Pollution
- Jaguar Land Rover Hack Cost UK Economy $2.5 Billion, Report Says
- Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot
- Update: Poland, Romania Foil Russian Exploding Parcels Plot, Warsaw Says
- People Moves: Lockton Re Taps Aon’s Bell as Head of Aviation; Canopius Hires Webber From Trans Re as Head of Reinsurance London
- Fire at Airport Cargo Complex Disrupts Bangladesh’s Garment Exports
- Operation Underway to Salvage LPG Tanker MV Falcon After Explosion in Gulf of Aden
- A 7-Minute Louvre Heist Leaves Behind DNA and Dropped Crown
- KKR, Quadrantis to Acquire Minority Stake in Hong Kong’s Peak Re
- People Moves: Liberty Mutual Re Promotes Blosche to Head of Northern Europe as Van Oort Retires; AXA Announces Key Leadership Appointments
- Australia’s Weather Bureau Casts Doubt on Prospects for La Niña
- Storm Fengshen Kills Eight in Philippines as It Heads for China
- EU Seeks Maritime Declaration to Inspect Russia’s ‘Shadow Fleet’
- France’s Louvre Museum Closes After Jewels Stolen in Robbery
- G20 Risk Watchdog Warns of ‘Significant Gaps’ in Global Crypto Rules
- LPG-Laden Tanker on Fire off Yemen, EU’s Naval Force Says
- Alphabet’s Waymo to Launch Autonomous Ride-Hailing Service in London in 2026
- An Unsustainable Trend – Declining P/C Rates and Rising Cost of Risk: Marsh’s Doyle
- UK Spy Chief Warns of AI Danger, Though Not Disaster-Movie Doom
- Tesla’s European Regulator Says Door Safety a ‘Key Priority’
- Italy Plans to Get €11 Billion From Banks, Insurers in 3 Years
- Vienna Insurance Group Offers to Buy Germany’s Nuernberger Beteiligungs for $1.61B
- Chinese Freighter Halves EU Delivery Time on Maiden Arctic Voyage to UK
- Marsh McLennan Reports 4% Organic Revenue Growth, Down From Q3 2024
- Natural Disaster Claims in 2025 to Again Top $100B Despite ‘Abnormally Low’ Q3 Events
- Markets/Coverages: HSB Canada Launches Cyber Insurance Coverage for Businesses
- Record Global Renewable Energy Growth Remains Short of Climate Target: Report
- CO2 Hits Highest Levels Ever Recorded, WMO says, Warning of More Extreme Weather
- ‘Catastrophic’ Hacks Warning Follows Intrusion of Cyber Firm F5
- UK Sanctions Russia’s Lukoil and Rosneft, Targets Shadow Fleet
- Credit Suisse Bondholders Given Fresh Hope by Swiss Court Ruling
- People Moves: Miller Taps Menn From Intact/RSA as Head of France; Aon UK Promotes Beverely as Chief Broking Officer, Gleeson as Head of Products, Facilities
- Specialist Risk Group Acquires Wholesale Team From Lockton
- UK Is Making It Easier to Assess Public Flood-Defense Funding
- IMF Warns of Elevated Risk of ‘Disorderly’ Global Market Correction
- Viewpoint: Strong In-House Claims Functions Help Build Trust in MGA Sector
- People Moves: Markel International Restructures, Promotes Hillier as CUO; Miller Taps Optio’s Robinson as CEO of MGA Platform, AXIS’ Ross Named CUO
- Markets/Coverages: Tokio Marine Kiln Offers Combined Cyber, E&O, Media, IP Solution
- EU Lawmakers Agree to Drastically Curtail ESG Directives
- Carmakers Accused in Huge UK Lawsuits of Cheating Diesel Emissions Tests
- Qantas Says Stolen Customer Data Posted Online After Cyberattack
- UK Sees 50% Spike in Major Cyberattacks as Top Firms Targeted
- French Banks, Insurers Sell Bonds After Macron’s New Cabinet
- Fintech and AI Drive London Finance Job Vacancy Growth in Q3, Recruiter Says
- Markets/Coverages: Special Contingency Risks Offers Enhanced Victim Support Cover
- People Moves: Aon Names Chisholm as Chairman of Asia Reinsurance Solutions; Markel Appoints Luxford as Head of Distribution and MGA Strategy, Australia
- Weak Governance of Artificial Intelligence Raises Risks of Cyberattacks: Moody’s
- Global Financial Watchdogs to Ramp Up Monitoring of Artificial Intelligence
- Life-Threatening Heat Domes Are Confounding Forecasters
- Explosion at Orange Site in Paris Injures Workers, Affects 80,000 Users
- Fortegra Begins Operating From Box 388 at Lloyd’s of London
- People Moves: Liberty Specialty Markets Promotes Nelson as Active U/W for Syndicate 4472; Westfield Specialty Int’l Taps Faraday’s Richardson to Lead Open Market Property
- Bank of England Says Soaring AI Valuations Risk Sharp Market Correction
- Tokio Marine Weighs More Than $10 Billion of International M&A
- French Wine Output to Fall Below 2024 After Fires Ravage Vines
- Drone Attacks Are Now Seen 2,000 Kilometers Inside of Russia
- People Moves: Acrisure Re Taps Ximenez From Lockton to Lead Newly Formed Brazil Unit; Vantage Risk Promotes Robinson as Chief Risk Officer
- Specialist Risk Group Launches Int’l Team to Help Clients Access UK/London Capacity
- UK Car Finance Industry Faces $11 Billion-$13 Billion Mis-Selling Hit
- Tropical Storm Jerry Is 10th Storm in Atlantic Hurricane Season
- Japan’s Asahi Hack That Halted Beer Production Claimed by Qilin Ransomware Group
- EU Eyes Sanctions on Fake Flags Used by Russia Shadow Oil Fleet
- Italian Families Target Facebook, Instagram and TikTok Over Child Safety
- Continental AG Reaches Deal With Ex-Managers in Diesel Scandal, Handelsblatt Reports
- Markets/Coverages: HSB Launches Cyber Risk Solution for SMEs in UK and Ireland
- People Moves: Arch Insurance Int’l Taps Beazley’s Reid as Head of Business Solutions; Allianz Commercial Promotes Raven as Head of Large Corporate Liability in UK
- Captain of Oil Tanker Linked to Russia’s Shadow Fleet Will Face Trial in France
- EU Restricts Use of ‘Forever Chemicals’ in Firefighting Foams
- Jaguar Land Rover Bailout Shows Rising Cost of Cybercrime
- Viewpoint: How Transactional Risk Insurance Became Essential for M&A Certainty
- SiriusPoint Sells MGA, Arcadian Risk Capital, for $139M, Forms Long-Term Capacity Deal
- Iberian Blackout Was First Known Caused by Excessive Voltage, Report Says
- Intact Financial Corp. Rebrands Subsidiaries RSA and NIG as Intact Insurance
- Global Indemnity’s Penn-America Underwriters Launches its First Reinsurance MGA
- Markets/Coverages: Chaucer Launches Cyber Risk Management and Insurance Solution
- Denmark Reports Repeated Russian Naval Provocations in its Straits
- India Considers Introducing Nationwide Climate-Linked Insurance Scheme
- Malaysia’s Weststar Secures $309 Million Funding for Expansion
- Howden Acquires Insurance Broker Gott & Wynne in North Wales
- Net-Zero Banking Alliance Folds After Mass Exodus by Members
- Typhoon Matmo Strengthens as It Hits Philippines, on Track to China
- Denmark Says Russia Is Waging Hybrid War After Drone Scare
- Finnish Court Dismisses Case Against Crew in Baltic Sea Cable Breach Trial
- Markets/Coverages: MGA DUAL UK Announces 5-Year Capacity Deal, Led by Zurich
- Yemen’s Houthi Rebels Claim Missile Attack on Dutch-Flagged Ship in Gulf of Aden
- Update: Munich Airport Disruptions Ease After Drones Halt Flights
- People Moves: Aon Names Srivastava as Reinsurance Global Chief Broking Officer; AXISTaps Hosking From AXA XL as Head of Distribution, Global Markets
- Markets/Coverages: WTW Offers Parametric Insurance With Weather-Warning Trigger
- Storm Threatens to Disrupt Transport Systems Across Northern UK
- Viewpoint: Gen AI Offers a New Frontier in Claims Modernization
- Private Equity Firm B.P. Marsh Takes Minority Stake in UK Broker Oneglobal
- People Moves: AXA XL Reinsurance Appoints Kopf From Swiss Re as Senior Underwriter Aviation; Aon Promotes Polanco as Iberia Reinsurance Leader
- Cyber Tops List of Business Risks With Geopolitical Volatility Surging Into Top 10: Aon
- Deadliest Philippine Quake in 12 Years Kills 69, Rescue Underway
- AI Drives Weather Data Demand Surge for Europe’s Top Forecaster
- Vietnam Estimates Property Damage From Typhoon Bualoi at $303 Million
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