International & Reinsurance News for October 2024
- Clear Group Acquires UK Broker A-One Insurance Group
- People Moves: Rivera Appointed CEO of Marsh McLennan LATAM/Caribbean, Brockman Named Chair; HDI Global Taps AGCS’s Strasser as Board Member for Specialty Lines
- Markets/Coverages: Howden Launches Cyber Solution With Chubb, LSM and Mosaic
- Typhoon Kong-Rey Hits Taiwan as Shanghai Braces for Downpour
- Spain Declares Three Days of Mourning as Storms Kill More Than 90
- Online Insurer Waterdrop Mulls Secondary Listing in Hong Kong
- Spain Reports 62 Dead After One of Century’s Worst Storms
- UK’s Reeves Raises Employers’ National Insurance Contributions
- Specialist Risk Group Acquires Bloodstock and Livestock Specialist Broker Stonehatch
- Toxic Waste That Set Off Global Outcry Seized by Albania’s Prosecutors
- YouTube Forced to Play a Game of Legal Whack-a-Mole With Russia
- Update: Taiwan to Suspend Stock Trading Due to Super Typhoon Kong-Rey
- Police Summon Aviva India CEO in Discrimination Case, Company Denies Allegations
- Clear Group Acquires Lilley Plummer Risks, Entering Wholesale Lloyd’s Broker Space
- Markets/Coverages: Hartford and Coalition Announce Cyber Capacity Partnership in UK
- Global Natural Catastrophe Insured Losses Exceed $102B During Q1-Q3 2024: Aon
- WTW Launches Insurance Brokerage Service in Japan
- Brookfield Hires Head for Entry Into Japan Reinsurance Market
- Soft Commercial Market Ahead: Prepare for Underwriter ‘Herd Behavior’
- China Is Scanning Canada’s Cyber Defenses, State Watchdog Warns
- IGI Expands in London Underwriting Hub Into Larger Offices
- People Moves: Price Forbes Bermuda Promotes Kelley to CEO; WTW Gets Saudi Arabian License, Names Chubb’s Bahafi as Head of Insurance Broking
- UN Climate Chief Warns of Looming ‘Trainwreck’ as 1.5C Warming Limit in Doubt
- Gas Stoves Linked to 40,000 Premature Deaths in Europe Annually
- Arthur J. Gallagher & Co. Acquires Australia’s Via Financial Group
- Brazil Seals $30 Billion Compensation Deal With BHP, Vale Over 2015 Dam Collapse
- Clear Group Acquires UK Broker Vision Insurance Services Ltd.
- Allianz Weighs Options for AllianzGI Unit: Sources
- Philippines Races to Limit Storm Damage as Trami Keeps Strength
- Indian Court Tells Star Health to Share Details of Leak so Telegram Can Delete Chatbots
- Harassment Claims Soar at City Firms in Wake of Odey Scandal
- Arthur J. Gallagher & Co. Acquires UK Investment Consulting Firm Redington Ltd
- Boozy Work Parties May Be Over With New UK Harassment Law
- People Moves: Liberty Specialty Markets Promotes Mahida to Head of 3rd Party Claims UK & MENA; Howden Re Announces 4 Senior Appointments in Germany
- Markets/Coverages: Lloyd’s Launches Disaster Resilience Vehicle for Small Island Developing States
- AI Push Sees Italy’s Intesa Axing 9,000 Jobs in ‘Generational’ Shift
- Global Commercial Insurance Rates See 1st Quarterly Decline in Seven Years: Marsh
- Dark Fleet Oil Tanker Caught in Recent Collision Heads to China
- Brazil to Sign Compensation Deal With Miners Over 2015 Dam Disaster on Friday
- BHP Says Claim it Put Profit Over Safety ‘Unjustified’ in Brazil Dam Collapse Case in UK
- UK Warns of Grain Threat After Russia Steps Up Port Attacks
- Markets/Coverages: MGA Rokstone Inks 3-Year Direct & Fac Property Deal With Aviva
- Thousands Hit by Floods as Trami Tracks Toward Philippines
- Ambani’s Jio in Talks With Allianz for Insurance JVs in India
- Australia Sues Insurer QBE Over Pricing Discounts, Shares Slip
- Mining Dam Disaster Deal Should Curb Lawsuits Against Vale and BHP, Sources Say
- The Secretive World of Russian Oil Tanker Insurance Revealed
- US Watching Dark Fleet Ship-to-Ship Oil Transfers in Asia Waters
- Allianz Mulls Ending Decades-Old Bajaj Insurance India JVs
- ‘G-Shock’ Watchmaker Casio Delays Earnings Release Due to Ransomware Attack
- Another Satellite Breakup Adds to Rising Problem of Space Junk
- Natural Disasters Cost China $13 Billion in January-June
- Starr Insurance Receives License to Sell Commercial Insurance Across South Korea
- Cuba Hit by Tropical Storm Oscar as It Struggles to End Blackout
- Markets/Coverages MGA Pen Underwriting Relaunches Large Corporate Cyber Offering
- South Africa Mulls Rules for Catastrophe Bonds, Climate Cover
- BHP Faces $47 Billion UK Class Action Lawsuit Over Brazilian Dam Collapse
- Brazil to Seal $30B Compensation Deal With Miners Over 2015 Dam Collapse: Sources
- China’s Ping An Insurance Posts 36.1% Rise in 9-Month Profit
- North-Central Italy Sees Floods, Road Closures After Heavy Rains
- Sudanese Nationals Accused in ‘Anonymous Sudan’ Cyberattacks
- Big Tobacco Firms Near Deal to Settle Canada Smoking Risk Cases
- Tokio Marine Pauses Sale of $1B Southeast Asia Life Insurance Business, Sources Say
- People Moves: AXA XL Re Taps Swiss Re’s Schiffer as CEO, N. America, Reinsurance; Specialist Risk Group Names Marsh McLennan’s Yap as CEO of APAC
- Markets/Coverages: Coalition Launches UK Clawback Service to Recover Money Stolen in Cyber Attacks
- UK Working to Challenge Russian Shadow Oil Tanker Insurance
- Multi-Class MGA, Carrow Insurance, Launches, With Former AmTrust Exec at Helm
- People Moves: LM Re Taps Vantage Risk’s Sweeney as Specialty Casualty Underwriting Mgr; Marsh Promotes Thomas-Ferrand to Lead Captive Insurance as Charnley Retires
- Aon’s NFP Acquires Irish Financial, Benefits and Insurance Advisory Firm
- AXA Rebrands China Reinsurance Unit to ‘AXA International Re’
- Climate Change Causes 379% Hike in Insured Damages in Canada Over 10 Years: Report
- Britain’s Young Drivers Should Face Stricter Rules, Says CEO of AA Breakdown Service
- EU AI Act Checker Reveals Big Tech’s Compliance Pitfalls
- Singapore Amends Law to Stop Allianz’s Insurance Deal
- People Moves: Aon Reinsurance Solutions Announces New Senior Leadership Roles; Ryan Specialty Underwriting Managers Int’l Hires 3 in Leadership Team
- Female Leadership Suffers When Private Equity Firms Invest
- Natural Disaster Losses Below Average Through Q3, Despite Higher Frequency: Report
- City of London Chief Says Brexit ‘Disaster’ Cost 40,000 Finance Jobs
- UK Fears Chinese Hackers Compromised Critical Infrastructure
- Italy to Tap Banks, Insurers for €3.5 Billion in Budget Plan
- Ardonagh Completes A$2.3B Acquisition of Australia’s PSC Insurance Group
- Russian Missile Hits Fourth Cargo Ship in Ukraine This Month
- UK Urged to Prepare for Floods After Unusually Wet September
- Specialist Risk Group Launches APAC Unit in Singapore, Buys Local Broker
- La Niña Is Becoming Less Likely, Australia’s Weather Bureau Says
- Typhoon-Hit Southeast Asia to See a Rainy End to 2024
- Arch Capital Group Names Papadopoulo CEO as Grandisson Retires
- Insurance Claims Confirm Many Israeli Structures Damaged in Iran Attack
- Singapore Blocks $1.7 Billion Allianz-Income Insurance Deal
- MIC Global Applies to Become Lloyd’s Coverholder for Greenlight Re’s Syndicate 3456
- Economic Challenges, Cyber, and People Risks Top UK Businesses’ Concerns: Marsh
- Coal Expansion Helps Lure Insurers Back to Australia Producer Whitehaven
- Perrier Well Contamination Sparks Scrutiny for Luxe Water Brand
- Fresh Appetite for Risk Can Help Arrest Britain’s Downward Spiral, Think Tank Says
- Howden Alleged to Have Poached Insurance Rival’s Team in UK Suit
- Russian Strikes on Ukraine’s Ports Push Up Insurance Rates: Market Sources
- Britain Bolsters Sanctions Regime on Russia With New Trade Unit
- People Moves: Miller Promotes Nagle to Head of Miller Europe, Succeeding Holloway; Markel Taps AIG’s Eastwood as Sr. Cyber U/W
- Markets/Coverages: AEGIS London-Led Lloyd’s Consortium Launches $25M Miner Rescue Insurance Cover
- Geopolitical Conflict Could Cost Global Economy $14.5 Trillion Over 5 Years: Lloyd’s
- World’s Rivers Faced Driest Year in 30 Years in 2023: UN Weather Agency
- Munich Re Specialty to Enter Spanish Insurance Market
- Lloyd’s of London Must Stop Supporting Fossil Fuel Expansion, NGO Says
- Munich Re Closes Down its High Net Worth MGA, GrovesJohnWestrup
- Optio Acquires Italian MGA Heca
- People Moves: Arch Insurance Int’l Promotes Brooks to Lead Fine Art & Specie; Aon Names Schultz Vice Chair of Reinsurance, Pennay Becomes CEO of Aon Securities
- Intersys Expands in UK Insurance Market With Launch of London Office
- Workplace Flexibility Is Key to Employee Retention: Research
- Russia and Iran Are Ramping Up Threats to UK, Spy Chief Warns
- Predictive Model Delivers Insights as Insurers, Reinsurers Brace for More Civil Unrest
- Global Emissions Likely Have Peaked as Renewables Take Hold
- Shin Kong Shareholders Approve Merger With Smaller Rival
- Markets/Coverages: Price Forbes Re Taps Gallagher Re’s Cole as Head of Financial Lines; BHSI Names Aon’s Pache for PI/Cyber Team, DACH Region, Schumacher as Property U/W
- Former Hurricane Kirk Set to Lash France With Heavy Rain
- Markets/Coverages: Beazley Launches Cyber Consortium for Large Corporates
- Pro-Palestinian Activists Target UK Offices of Germany’s Allianz
- What Is Marburg Virus, and How Worrying Is It?
- Australia Set for More Severe Cyclones This Season on Warm Seas
- UK Business Group Says Tax Clarity Needed at Budget to Support Investment
- Ukraine Says Russian Missile Hits Second Grain Ship
- People Moves: Coalition Appoints AIG’s Simonsen as European Head of Insurance
- MNK Group Launches Labuan, Malaysia-Based Reinsurance Unit
- Italian Prosecutors Accuse 7 People, 2 Firms Over Flawed Boeing Plane Parts
- Mpox Spreads to Ghana as Cases Surge in Megacity Kinshasa
- River Level at Amazon Rainforest Port Hits 122-Year Low Amid Drought
- Hurricane Kirk’s Remnants Forecast to Hit Europe Later This Week
- Optio to Acquire Luxembourg-Based Film and Events MGA, Circles Group
- Africa Specialty Risks Begins Operating as Lloyd’s Service Company
- Shipping Containers Are Regularly Lost at Sea. What Happens When They Burst Open?
- Antarctica Had Less Winter Sea Ice in 2024 Than Any Year Except 2023
- Taiwan Reopens, Clearing Up Damage After Typhoon Krathon
- Softbank Says Credit Suisse to Blame For Fund’s $440 Million Greensill Loss
- Lloyd’s Focuses on Delegated Authority Arrangements as Looming Market Risk
- The Fidelis Partnership Launches Specialty Reinsurance MGA
- Houthis Warn Shipowners in New Phase of Red Sea Campaign: Prepare to Be Attacked
- UK Broker Kingfisher Insurance Acquires MIS Motorsport’s Commercial Business
- Ryan Specialty Completes Purchase of Certain Assets of Geo Underwriting Europe
- UK Finance Firms’ Concern Over Geopolitics at Record Level
- Typhoon Krathon Hits Taiwan With Dangerous Winds, Heavy Rain
- AXA, Aircraft Lessor DAE Clinch Deal as UK Battle Over Jets Seized in Russia Kicks Off
- Global Insurers Fight London Court Battle Over Jets Seized in Russia
- Insured Losses from Central European Floods Range From US$2.2B to US$3.4B: Verisk
- Taiwan Rescues All Crew Members on Stricken Ship as Super Typhoon Nears
- People Moves: Markel Appoints 2 Senior Underwriters, 1 Claims Manager for International Casualty Team; BHSI Announces 2 Promotions in Global, UK Casualty Teams
- Markets/Coverages: Hub Int’l Forms Partnership With Largest Trucking Broker in Mexico
- Stellantis’ $854 Million UK Lawsuit Over Airbag, Seatbelt Cartels Begins
- Update: UK’s Saga in Talks With Belgium’s Ageas for Insurance Partnership
- Viewpoint: Elevating Claims Management by Taking Collaborative Approach With Clients
- Explosive-Packed Drone Boat Slams Into Oil Tanker in Red Sea
- Miller Completes Acquisition of Spanish Specialty Re/Insurance Broker Bruzon
- People Moves: Liberty Specialty Markets Promotes Nelson to CUO, UK & MENA, Succeeding O’Neill; Pen’s Trafalgar Marine Trades Taps Geo’s Colbourn as Senior UK U/W
- Europe Set for Colder Winter Than Last Year as La Niña Arrives
- Markets/Coverages: MGA Verve Launches Captive Insurance Product and Broker Portal
- Sanctioned Tanker With LNG Cargo Passes via Suez Canal, Data Shows
- Southern Water’s Credit Risk at Record High Amid Thames Water Woes
- Update: Taiwan Warns of Storm Surge From Powerful Typhoon, Troops Mobilized
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