International & Reinsurance News for May 2018
- European Corporations Given Guidance on Factoring Climate Risk in Financials
- How Safe Must Driverless Vehicles Be to Be Accepted? Very Safe.
- AXIS Re Reports Organizational Changes, Market Expansion Plans
- Ex-Chairman of China’s Anbang Insurance Files Rare Appeal of Fraud Conviction
- Rampant Brazil Cargo Theft Disrupts Retail, Drives Up Insurance Rates
- IMF Urges China to Accelerate Opening of Economy to Outside World
- Allianz Group to Acquire 8% of Africa Re
- Aon Names Hennessy to Head New Carrier Solutions Group
- Unsafe Conditions in Mexico Scaring Off Businesses
- European Insurers Bypassing U.S. Treasuries
- Insurance Broker Ed Wins License to Transact Business in Jersey
- Reuters: China’s Ant Financial Raises $10 Billion at $150 Billion Valuation
- 2 Banks Report First Cyber Attack Against Canadian Financial Institutions
- France’s Bordeaux, Cognac Wine Regions Damaged by Violent Hail Storms
- Talks End without Softbank Stake in Swiss Re; Swiss Re Still Open to Other Investors
- GDPR Day 1: Privacy Activist Files Complaints Against Tech Giants Over ‘Forced Consent’
- GDPR Day 1: Wake-Up Call for Many; Media Sites Shut EU Access
- Sexual Harassment Policy Changes Not High on Japan’s Corporate Agenda
- First Blockchain for Marine Insurance Now Running
- GDPR Day 1: A New Era in Data Privacy Begins
- Mercer’s Sun to Succeed Zheng as CEO of AIG’s China Insurer
- Cyber Reinsurance Underwriting Group Formed for London Market
- TigerRisk Creates Capital Markets Vehicle Panthera Re in Bermuda
- Uber Expands Health Insurance Benefit to Drivers in 21 European Countries
- How Data Privacy Laws Could Hamper Insurance Underwriting
- Neon Names Ascot’s Butt as Group Underwriting Director
- Ukraine Says Russia Plotting Cyber Attack
- Willis Granted Full Insurance Broker License by China
- Aon’s Carver Joins Guy Carpenter’s UK Non-Marine Team as Managing Director
- Inquiry Into London’s Grenfell Tower Fire Underway with Tributes to Victims
- Lloyd’s Receives Approval for Brussels Subsidiary
- Businesses, Big and Small, Come to Terms with New Data Privacy Law
- Castel Specialty Taps White to Lead New Political Risk Division
- FinTechVisor Seeks to Connect Fintechs, Insurtechs with Traditional Firms
- EU’s Data Privacy Law Places AI Use in Insurance Under Closer Scrutiny
- Europe’s New Data Privacy Law Boosts Cyber Insurance Sales
- BP Fears Climate Change Lawsuits in U.S.
- CNA Hardy Names Leroy as French Country Manager
- NSM’s Vantage Acquires UK Personal Lines Broker Fresh Insurance in Redditch
- Why Lloyd’s Chose Brussels for Post-Brexit Outpost: CEO Beale
- Adviser to China Central Bank Urges Two-Track Opening for Financial Services
- Concern Escalates as Ebola Outbreak in Congo Reaches City
- Global Insurers Reassessing Iran Business In Light of Sanctions Threat
- Millstream Creates Caritas Insurance Package for International Charities
- J.C. Flowers Buys Lloyd’s Brokers SSL and Endeavour; Two Agree to Merge
- Insurance Entrepreneur Looks to Save Storied English Football Club
- Canada’s Finance Minister Touts Plan for Pipeline ‘Insurance’
- Global Commercial Insurance Prices Rose in Q1: Marsh
- It’s Up to Insurers to Prevent Brexit Disruption of Policies, Warns EU Chief
- Dutch Insurer NN Group Quits Tobacco Investments
- Russia Delays Proposal to Criminalize Compliance with U.S Sanctions
- A.M. Best Assigns Stable Outlook to Germany’s Non-Life Insurance Sector
- Regulatory Climate Rated Top Emerging Risk in Latin America
- GFG Alliance Eyes Australia Insurance, Banking for Expansion
- XL Catlin Launches Injury, Security Coverage for Visitor Attractions in UK, Ireland
- Marsh Networks Arranges M&A Financing Deal for Member Agencies for M&As
- Aspen Seeks OK for Post-Brexit Insurance Subsidiary in Ireland
- GDPR Insurance: Coverage for Fines Hard to Find But Other Non-Compliance Costs Insurable
- Best Countries to Locate a Business in Age of Cyber, Storms, Fires and Political Risk
- UK, France, Germany Huddle on Iran Oil Tanker Insurance
- Nations with National Regulatory Policies Outpacing U.S. on Driverless Cars
- XL Catlin Shares Executive Changes, Exits in Preparation for AXA Takeover
- Aon Retires Benfield, Risk Solutions Brands; Names Anderson, O’Connor as Co-Presidents
- German Court Approves Dashcam Evidence for Accident Claims
- Morin Assumes CFO Role at Arch as Lyons Exits to AIG
- How UK Brokers View Cyber Insurance
- Shell Facing Questions Over Pakistan Accident That Killed 200
- AXA Says Funding to Buy XL Group Is All Set
- How to Improve Terrorism Insurance to Meet Threat Landscape: JLT Re
- Munich Re Repurposes Bermuda Operation
- HDI Global, Hannover Re Merge Units to Create Specialty Insurance Joint Venture
- Denmark’s Alpha Insurance Heads for Bankruptcy in Wake of CBL Woes
- U.S. Warns European Businesses on Sanctions If They Do Business with Iran
- Chinese Insurers Seeking Better Returns Turn to Shadow Lending: Reuters
- RBS Settlement with U.S. Over 2008 Crisis Less Than Feared
- Anbang Chairman Wu’s Downfall Sealed with 18 Year Jail Term
- Ant Financial About To Reap $10 Billion in Fundraising Round
- Beazley Adds Miranda to Latin American, Caribbean Team
- Oil Shippers Face Insurance Uncertainty with Return of U.S. Sanctions on Iran
- Aon’s April Catastrophe Report: Storms Deal Blow in U.S.; Floods Take 78 Lives in Africa
- Marsh’s Jelf Completes Acquisition of Clark Thomson of Scotland
- Chubb Establishes 6 Teams to Work with Local Brokers in UK, Ireland
- Schuyler Named CEO of Aon Carrier Link
- AXA Raises $2.75 Billion in Year’s Biggest IPO
- Zurich Insurance CFO: ‘We Don’t Exist to Do M&A’
- With Just Weeks to Go for GDPR, Europe’s Regulators Say They’re Underfunded, Unprepared
- Gallagher Acquires UK Regional Commercial Broker Risk Services (NW)
- China’s Anbang Insurance Eyes Divestment Strategy
- Tokio Marine Receives Approval for Subsidiary in Luxembourg
- Opening of China’s Financial Sector Offers Opportunities, Risks
- China’s New Systemic Risk Rules May Curb Giant Ant Financial
- Sompo Completes Integration of Nipponkoa Insurance of Europe as Subsidiary
- THB UK Risk Solutions Adds 2 Motor Fleet Brokers
- Blockchain Innovators Follow Reinsurers to Bermuda ‘Sandbox’
- Global Reinsurers’ Price Hikes Not Sustainable But Profitability to Improve: Fitch
- Allianz Sells 8.4% Stake in Portugal’s Banco BPI to CaixaBank
- Insurers Advance Post-Brexit Hub Plans Despite Promises of Transition
- 2 Dead, 3 Trapped at Polish Mine After Quake
- Willis Re Names Trans Re’s Vince as Deputy Head of Global Engineering
- Ex-CEO for AIG Unit Tells UK Court Politics Not Why Bonuses Were Cut
- Talks Not Exclusive to SoftBank, Says Swiss Re CEO
- China Growth Helps Raise AIA Q1 New Business Value
- Chubb Adds North Territory to Scotland Regional Manager Macfarlane’s Responsibilities
- Willis Towers Watson Moves ILS from Securities to Reinsurance Unit
- AXA Wasn’t the Only Party Interested in Acquiring XL
- North P&I Club Adds Richards to Cargo Claims Team
- European Central Bank Test Simulates Cyber Attacks on Financial Firms
- Former AIG Financial Product Staffers Seek Bonuses They Say They Were Promised
- QBE Invests in HyperScience Artificial Intelligence for Office Work
- AIG Acquisition Target Validus Reports Q1 Loss
- SoftBank Talks Over Buying Stake in Swiss Re Stalled: Bloomberg
- Aon Appoints Lambrou Global Chief Commercial Officer, CEO of Global Specialties
- Facebook Loses Bid to Delay EU Data Privacy Suit
- Octo Telematics Says It’s Freed from U.S. Sanctions After Execs Buy Russian Shares
- Swiss Re Receives OK for Expanded South Africa License
- Global Catastrophe Bonds Set Q1 Record: Aon
- U.K.-EU Brexit ‘Working Group’ Tasked with Fate of Insurance Policies
- Pioneer Underwriters Names Gaffney Chief Operating Officer
- CFO Parry to Leave Lloyd’s After 17 Years
- Acquisition of Novae Boosts Q1 Results for AXIS Capital
- UN Official: Tech Industry Must Address Cybersecurity, Job Effects from Its Innovations
- Guy Carpenter Promotes Fletcher to Bermuda Chairman; Hires Aon’s Morris
- Beazley, Lloyd’s Broker, Bitfury Creating Blockchain Registry for Crisis Coverages
- Facebook Wants to Block Top EU Court from Getting Key Privacy Case
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