International & Reinsurance News

Zurich Insurance Emphasizes Compliance Standards as U.S. Eyes Nord Stream Sanctions

Zurich Insurance Group emphasized its compliance standards on Wednesday while declining to comment specifically on the Russia-led Nord Stream 2 gas pipeline project. The U.S. State Department has warned European companies involved in Nord Stream 2 that they risk sanctions …

Hamilton’s Lloyd’s Operations Hires Ormes from Chubb, Mognetti from Acappella

Hamilton Insurance Group Ltd. announced two senior appointments in its Lloyd’s operations, Hamilton Managing Agency Ltd. – Trevor Ormes as deputy active underwriter of Syndicate 4000 and head of Professional Lines, and Florence Mognetti as head of Political Risk. Ormes …

Willis Towers Watson Launches Suite of Cyber Risk Management Assessments

Insurance broker Willis Towers Watson has introduced two new cyber risk assessment services – the Workforce Cyber Culture Assessment (WCCA) and the Ransomware Risk Assessment (RRA) Willis Towers Watson describes the WCCA as an innovative cyber risk methodology specifically designed …

Indonesian Divers Recover Sriwijaya Air’s Flight Recorder

Indonesian Navy divers retrieved one of the black boxes of the Sriwijaya Air Boeing Co. jet that plunged into the Java Sea shortly after takeoff from Jakarta on Saturday afternoon, a key step in discovering what caused the aircraft carrying …

UK Supreme Court to Provide Judgment on Business Interruption Appeal on Jan. 15

The UK Supreme Court will on Friday hand down a judgment in a test case pitting the country’s markets regulator against insurers over how business interruption policies were dealt with during the coronavirus pandemic, it said on Tuesday. The result …

Arthur J. Gallagher & Co. to Acquire UK Broker The Bollington Wilson Group

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced that it has signed an agreement to acquire 100% of specialist UK insurance broker The Bollington Wilson Group. The transaction will close following regulatory approval. Financial details of the …

UK Businesses Face Miles of Red Tape with New Brexit Border Rules

While the mile-long lines of trucks have dissipated at ports, UK businesses are waking up to less visible forms of friction at the border with the European Union that may cause more enduring damage. From health certificates to new taxes …

Russian Spy Tools Linked to SolarWinds Hack, Says Cyber Security Firm Kaspersky

The group behind a global cyber-espionage campaign discovered last month deployed malicious computer code with links to spying tools previously used by suspected Russian hackers, researchers said on Monday. Investigators at Moscow-based cyber security firm Kaspersky said the “backdoor” used …

Canadian Insurtech Apollo Closes C$13.5 Million Funding Round

Apollo Insurance Solutions Ltd., the Toronto-based online insurance company, announced it has closed an oversubscribed C$13.5 million (US$10.6 million) Series A financing round, which exceeded its original C$4 million (US$3.2 million) target. Gravitas Securities Inc. led the financing which resulted …

Broker New Dawn Risk Launches UK Division as Alternative to Big Brokers

New Dawn Risk, the international specialist insurance intermediary, announced the launch of a new division focused on the UK market. It will provide liability and specialty solutions direct to insurance buyers, as well as partner with UK regional brokers looking …

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