International & Reinsurance News for June 2023
- Definity’s McDougall Insurance Brokers to Acquire Canada’s Drayden Insurance
- People Moves: Aon Promotes 4 in Global Reinsurance Clients Team; NFP Hires Perkins to Lead N. America Trade Credit & Political Risk Practice
- UK Regulators Urged to Help Keep London Competitive, Using New Post-Brexit Remit
- Italy Prosecutors Probe False Accounting Allegations Related to Insurer Eurovita: Source
- Fidelis Insurance Valued at $1.5 Billion in Lukewarm Market Debut
- WHO Cancer Research Arm to Say Aspartame Sweetener a Possible Carcinogen: Sources
- French, UK Cyber Watchdogs Say Hackers-for-Hire Are Targeting Law Firms
- People Moves: Marsh Names Butler as UK Cyber Leader; Chubb Appoints O’Donnell COO, Global Reins.; Everest Insurance Taps Marsh McLennan’s Leney to Lead APAC
- Britain and EU Sign Post-Brexit Cooperation Pact in Financial Services
- HK-Based Virtual Insurer OneDegree Raises $27M in Fresh Funding Round
- European Energy Developers Play Down Siemens Gamesa’s Wind Turbine Troubles
- Why the Investor-Driven Hard Reinsurance Market Will Persist in 2024
- Italy’s Insurance Protection Gap Exposes State Finances to Natural Disasters
- Bank of England Proposes Further Reforms to Insurers’ Capital Rules to Cut Red Tape
- ‘Climate Washing’ Lawsuits Jump as More Activists Challenge Corporate Claims: Report
- Businesses Criticize New EU Data Rules, Saying They Could Hinder Data Flow
- FERMA Appoints Hedemark as President, Succeeding Wegener
- Russia’s Arctic Shipping Dream Stumbles on Small Aging Fleet
- Climate Change Leads to ‘Arctic Opening,’ Creating Key Emerging Risk: Swiss Re
- Global Initiative Launched to Rate Corporate Carbon Offset Claims
- TotalEnergies Faces Second Lawsuit Over Oil Projects in Uganda and Tanzania
- Anti-ESG Movement in U.S. Feeds Anxiety Among UK Investors
- Ex-Audi Boss Becomes 1st VW Board Member Sentenced for Fraud in Diesel Scandal
- Generali’s Plan to Shed $22B of Insurance Liabilities Complicated by Interest-Rate Surge
- Canada’s British Columbia Highway 99 Closed Due to Brush Fire
- Environmental Changes Put 90% of World’s Marine Food Supplies at Risk: Study
- Howden Appoints WTW’s Douglas as CEO, Climate Risk and Resilience
- Australia Regulator Tells Medibank to Set Aside $167M After Major Cyber Attack
- PwC Australia Asset Sale Unlikely to Repair Firm’s Tarnished Reputation: Experts
- Here Are Details of Quality Issues Affecting Siemens Gamesa’s Wind Turbines
- Waleed Jabsheh to Succeed Wasef Jabsheh as CEO of IGI
- Tokio Marine Reorganizes IT, Operations Teams Under One Structure, One Leader
- Canada’s Explosive Wildfires Damage Forest Set Aside for Carbon Offset Project
- New G20-Backed Global Rules Aim to Clamp Down on Corporate Greenwashing
- Brégier Appointed Chairman of Board at French Reinsurer SCOR
- Credit Suisse to Appeal Bermuda Court Ruling Against Georgia’s Ex-Prime Minister
- Here’s a Look at Some of China’s Recent Deadly and Very Common Industrial Accidents
- EU Banks Expand Risk Models to Better Prepare for Climate-Change Fallout
- Europe’s Firefighters Call for More Resources as Climate Change Hikes Wildfire Threat
- Marsh McLennan to Work With Ukraine to Provide Access to Global Insurance Market
- Russia-Aligned Hackers Pose Threat to Canada Energy Sector, Spy Agency Says
- Construction/Engineering Sector Ranks BI/Supply Chain Disruption as Top Risk
- People Moves: BMS Re Names O’Brien as VP in Bermuda; Guy Carpenter Appoints Howden Tiger’s Warwick as Head of GC Access Asia Pacific
- Sedgwick Launches Power and Energy Division in UK
- Winners of 2023 Insurance Innovation Awards Announced by Accenture, Qorus
- London Metal Exchange Failed to Probe Tsingshan Before Nickel Chaos, Court Hears
- UK PM Unveils War-Risk Insurance Scheme to Spur Ukraine Reconstruction
- Russia Is Likely to Quit Black Sea Grain Deal in July: Ukraine Envoy
- Insurer Capital Rule Changes in UK to Start by End of 2023, Finance Ministry Says
- London Metal Exchange Canceled Nickel Trades to ‘Save’ China’s Tsingshan, Court Told
- Rapidly Melting Glaciers on Highest Mountains Threaten Quarter of Humanity
- Howden Acquires 2 Swiss Brokers
- Aon, Lloyd’s and Vienna Insurance Group to Provide Re/Insurance for Ukraine Recovery
- Serious Change Underway at SiriusPoint
- The Pros and Cons of Going Private
- As Switzerland’s Glaciers Melt, Alpine Nation Backs Climate Bill With Net Zero Target
- Markets/Coverages: WTW Launches Property Rebuild Assessment Service, Powered by Kroll Valuation Platform
- People Moves: Liberty Specialty Mkts Taps AXA XL’s Prato as London President; Carpenter Names Howden’s Cacia as Italy CEO; 2 Key Broking, Analytics Roles Also Hired
- Former Chair Ghosn Sues Nissan for $1B in Lebanon
- WHO Says Toxic Syrup Risk ‘Ongoing’, More Countries Hit
- Bank of England Launches First Sector-Wide Liquidity ‘Stress Test’
- Insurtech Thinksurance Raises $24M
- UK’s Labour Vows to Make Britain a Clean Energy Superpower by 2030
- Behind Aviation Recovery, Suppliers Struggle to Keep Up
- What Is Russia’s Problem With the Black Sea Grain Deal?
- London’s Excel Centre Wins Insurance Ruling on COVID-19 Biz Interruption Losses
- Billionaire Reuben Brothers Sue Trafigura Over Nickel Fraud
- Markets/Coverages: Amwins Global Risks Launches Automated Follow-Form Facility, Led by Beazley
- Jamaica Finance Minister Sees ‘Definite Interest’ in Regional Caribbean Catastrophe Bond
- Howden Acquires German Marine Broker Northern Lloyd
- Cyclone Biparjoy Makes India Landfall, Damaging Power Lines, Uprooting Trees
- Odey Resigns From Lloyd’s Investment Fund Amid Sexual Harassment Allegations
- New Zealand’s Smartpay Hit With Ransomware in Latest Antipodean Cyber Attack
- People Moves: Howden Hires 3 for Casualty in London, Bermuda; Aon Names Fakkel CTO, Strategy & Tech Group; Everest Re Taps AIG’s Gallagher as Head of U.S. Facultative
- Generali Agrees to Acquire Liberty Mutual’s European Units for $2.5 Billion
- Legal & General Hires Santander’s Simoes as CEO
- Cyberattacks on Renewables: The Stuff of Nightmares for Europe’s Power Sector
- MOVEit Cyber Attack Hits UK Printing Firm Used by Insurers, Brokers and Banks
- Intrepid Reinsurance Execs Take on Extreme Challenge in ‘World’s Toughest Row’
- Private Equity Firm TA Associates Weighs Sale of Australian Insurance Broker Honan
- London Court Orders UK-Registered Firm to Pay More Than $1M to Beirut Blast Victims
- North Korean Hackers Stole $100 Million in Recent Cryptocurrency Heist: Analysts
- UN Secures Insurance Coverage to Salvage Rusting Oil Tanker off Coast of Yemen
- The Dangerous $140M Mission to Defuse an Oil Tanker Ready to Explode
- Zurich Insurance Eyes Buying $400M Stake in General Insurance Arm of India’s Kotak
- People Moves: Guy Carpenter Expands Cyber Team With Key Appointments; Aspen Appoints AXA XL’s Welch as Chief Underwriting Officer, Reinsurance
- Lloyd’s and Dubai Partner to Launch Insurtech Accelerator
- Brazil Court Backs Government in $24B Tax Dispute; Ruling Hits Insurers, Banks, Brokers
- Canadian Wildfires Shutter Sawmills, Drive Up Lumber Prices
- Major Oil And Container Ports Shut as Severe Storm Nears India
- EU Regulators Could Demand That Google Sell Part of Ad-Tech Business: Source
- UK Communications Regulator Ofcom Says Hackers Stole Confidential Data
- People Moves: Everest Insurance Names Industry Veteran Laval as Chief Commercial Officer, Int’l; Sompo Taps SiriusPoints’ Cramér Manhem for Europe Board of Directors
- R&Q Announces Capital Raise of $50M-$60M, Completes Reorganization
- Severe Cyclone Expected to Hit India’s West Coast, South Pakistan on Thursday
- BioNTech Faces First German Lawsuit Over Alleged COVID-19 Vaccine Side Effects
- War in Ukraine Prompts Hike in Cyber Attacks on German Businesses
- UK Autonomous Vehicle Dreams Could Break Down at Starting Line Without Rules
- Guyana Court Stays Order for Exxon to Give Unlimited Guarantee for Oil Spills Coverage
- Russia Remains Dissatisfied With Black Sea Grain Deal After UN Talks
- UK Eyes War-Risk Insurance Scheme for Ukraine’s Reconstruction
- Russian President Putin Signs Law Creating Eurasian Reinsurance Company
- Philippines Raises Alert Over Volcano, Villagers Urged to Leave Danger Zone
- Former SCOR CEO Kessler, 71, Dies
- Acrisure Acquires TEn, Will Go to Market as Eleven Network
- Insify Raises €10 million Series A Extension Led By Munich Re
- Most Nations Aiming for Net-Zero Fail to Meet Targets, Study Shows
- Russia-Linked Hackers Give Victims a Week to Open Ransom Negotiations
- EU’s Breton Demands Meta Act Against Online Content Targeting Children
- People Moves: AXA XL Names Guidée Reinsurance CEO as Bewlay Moves to Group CUO; McGill and Partners Grows in Bermuda With Stubbings Hire
- Barclays Sued by UK Banker Over Mental Health Harassment Allegations
- FIFA Made False Claims About Carbon Neutrality at Qatar World Cup: Regulator
- Britain to Host First Global Summit on Artificial Intelligence Safety
- Stricter UAE Ship Insurance Rules Look to Cut Oil Spill Risks
- Insurance Group Hamilton Mulls Potential IPO, Sale
- Kazakhstan Presses Ahead With $16.5B Claim Against Oil Majors
- China’s Wheat Growers Face ‘Disaster’ After Heavy Rain Batters Crop
- Wildfires Force Miners to Halt Operations in Eastern Canada
- Guy Carpenter Names Rousseau CEO of EMEA and Global Capital Solutions
- Finding Ways to Get Polluters to Pay for Climate Damages
- Airlines Urge Co-Operation to Help Curb Emissions
- Chaucer CEO Fowle to Step Down
- UAE to Tighten Insurance Cover for Ships Flying its Flag
- SEC Sues Binance and Founder Zhao Over ‘Web of Deception’
- OpenAI CEO Sees ‘Huge’ Israeli Role in Reducing Risks From the Technology
- BA, BBC and Boots Caught Up in File Transfer Hack
- Canada on Track to See Worst-Ever Wildfire Season
- Signaling System Error Caused India’s Worst Train Crash in Decades: Railways Minister
- UK Widens Lead as Europe’s Top Draw for Financial Services Investors
- People Moves: Everest Insurance Names Chubb’s Browne Head of Int’l Corporate Strategy; Hub Hires Del Rio in Puerto Rico; Canopius Taps Coverys’ Moulton for MedMal
- Tokio Marine Kiln Sets Up Cyber & Enterprise Risk Division
- Chubb Launches Aviation Hub in Singapore, Led by Former QBE Underwriter
- Russia Accuses U.S. Intelligence of Hacking Thousands of iPhones
- MGA Volante Global Launches Branch in Singapore, Managed by Asta
- Rise in Fires, Ukraine-Russia Fallout Top Concerns for Shipping Industry: Allianz Report
- Renault Customers to Lodge Criminal Complaint in France Over Faulty Engines
- Former Hiscox CEO Masojada Named Chair of SiriusPoint
- Reinsurers Maintain Their ‘Heightened Risk Aversion’ During June 1 Renewals: Report
- ANALYSIS – Breakup of Insurers’ Climate Coalition Driven by U.S. Regulation Fears
- Triple-Whammy of Cyclones, a 1-in-200-Year Event, Drove Italy’s Flooding: Scientists
- People Moves: Gallagher Re Appoints Brace of Exec Appointments for N. America, Brazil and China
- Singapore Detains Record Number of Oil, Chemical Tankers as Dark Fleet Grows
- New Zealand Offers to Buy Out Owners of Cyclone, Flood-Damaged Homes
- UK’s Ardonagh to Acquire Greek Reinsurance Broker SRS Group
- UK’s Business Lobby Group Sets Out Proposals for Change After Misconduct Scandals
- Wildfire on Canada’s Atlantic Coast Prompts Evacuation of 16,000, Damages Properties
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