International & Reinsurance News for February 2025
- Casualty Reinsurance Capacity Is Plentiful but Availability Crisis Could Be Looming
- Markets/Coverages: MGA Pen Expands International Cover for UK Recruitment Agencies
- British Drugmaker GSK Abandons Diversity Targets Following Trump Pressure
- UK Sets Out Reforms to Address Failures in Grenfell Tower Fire
- People Moves: Beazley Taps Generali’s Foucher as Head of Commercial Property, Europe; BMS Re Appoints Hughes and Bartell From Howden Re for Non-Marine Reinsurance
- Swiss Re Corporate Solutions Unveils New Structure, Promotes McGrath as CUO
- AXA CEO Says Prevention Needed to Keep Home Insurance Affordable
- UK’s Aviva Beats Profit Estimates on Double-Digit Growth in General Insurance Premiums
- AXA Earnings Beat Estimates as it Avoids Worst of Los Angeles Fire Claims
- Swiss Re Expects Hit of Less Than $700 Million From Los Angeles Wildfires
- AerCap CEO Sees No Quick Return to Russia if Market Reopens, on Insurance Concerns
- Prosecutor Says Golden Toilet Was Stolen From English Palace in ‘Audacious Raid’
- NormanMax Agrees to Purchase Parametric Flood Specialist MGA, FloodFlash
- Europe’s Warming Ocean Current ‘Unlikely’ to Collapse This Century
- Warnings, Fines Fail to Stop Insurers and Banks From Overcharging Australian Clients
- Munich Re Faces $1.3 Billion in Claims From Los Angeles Wildfires
- Smartwatches Measuring Mortality Risks Are New Tool for Insurers
- Scam Calls Hit Record in Thailand Before Cyber Fraud Crackdown
- People Moves: Markel Taps Johnson From Travelers as Senior U/W, Transport and Logistics; Specialty MGA UK Hires 2 Energy Underwriters
- EU Mounts Major Retreat From ESG Agenda Amid Fierce Backlash
- Canada’s Axis Insurance Acquires Calgary-Based Fuse Insurance
- Talanx Sells Ecuadorian Subsidiary to Grupo Financiero Atlántida
- Damage to Baltic Sea Telecoms Cable May Have Occurred in January, Operator Says
- Google to Be Hit With EU Charges of Breaching Big Tech Rules, Sources Say
- Europe Braces for Freeze of US Foreign Corruption Practices Act
- EU Plans to Walk Back Key Planks of Toughest ESG Legislation
- COVID-Like Bat Virus Discovered by Researchers in Chinese Lab
- Bybit Hit by Crypto’s Worst Hack With Almost $1.5 Billion Stolen
- Birkenstock Sandals Are Pieces of Design and Not Protected by Copyright: German Court
- People Moves: Price Forbes Rebrands Turkey Operations, Making 3 Key Appointments
- Finland, Sweden Investigate Suspected Sabotage of Baltic Sea Telecoms Cable
- Pro-Russian Hackers Attack Italian Websites After President’s Comments About Ukraine
- Climate Goals Still Make Business Sense, Rio Tinto CEO Says
- India Insurers Look to Hike Health Premiums as Pollution Stings
- People Moves: Allianz Commercial Names Martin as Chief Risk & Resilience Officer; AXA XL Promotes Dores to Country Manager, Iberia
- Oil Tankers Rocked by Mystery Blasts After Trips to Russia
- New UK-Based Climate Group Emerges as Banks Retreat
- Delta Offers $30,000 to Each Passenger in Toronto Crash Landing
- Markets/Coverages: Marsh Expands Fast Track Facility, Offering 10% Automatic Capacity
- A Run of Fatal Airline Crashes Upends Sterling Safety Record
- Mastercard’s £200 Million Settlement in Class Action Suit Gets Court Scrutiny
- Howden Acquires Forbes Insurance and Hill Aviation in UK
- Casualty Reinsurance Still Attractive: Arch Capital CEO
- People Moves: Hamilton Global Specialty Promotes Thorp as Head of Space, Golder as Head of Treaty; QBE Europe Names Yebra as Senior U/W in Transactional Liability Team
- Markets/Coverages: Apollo Expands Into Drone Product Liability Cover
- Bain Capital Backs Israeli AI Cybersecurity Startup Dream at $1.1 Billion Valuation
- Ex-PIMCO Executive to Run World’s First Catastrophe-Bond ETF
- Delta Plane Flips Upside Down in Toronto Landing, 15 Hurt
- Markets/Coverages: IQUW Launches Ports & Terminals Product
- 13 People Arrested in Croatia for Illegally Disposing Hazardous Waste, Europol Says
- RiverStone Int’l Signs Reinsurance-to-Close Deal With Asta for 2022 Year of Account
- Viewpoint: Insurers Risk Losing Out if They Ignore Embedded Insurance Opportunities
- Global Warming Could Be Making It Less Windy in Europe
- Aviva’s India Arm Hit With $7.5 Million Fine for Fake Invoice Scheme, Order Shows
- Powerful Tropical Cyclone Zelia Hits Australia’s Iron Ore Hub
- Sompo Holdings Restructures Business Into 2 Global Segments
- Specialty Re/Insurer Convex to Enter Lloyd’s With Syndicate 1984
- Markets/Coverages: Mosaic Launches Combined General, Environmental Liability Cover
- Mexico’s Sheinbaum Threatens to Sue Google Over ‘Gulf of America’ Maps Change
- Viewpoint: The Recipe for Building a Successful MGA
- People Moves: BMS Taps Howden Re’s Biddell as Managing Director and Head of London P/C; MGA DUAL UK Makes 3 Senior Appointments in Underwriting and Distribution
- EU to Propose New 2040 Climate Target for Emissions by End-March
- Australia’s Iron Ore Hub Faces Strongest Cyclone Since 2007
- New Rules Eyed for Battery Rechargers on Planes After Korean Jet Fire
- DeepSeek May Face Further Regulatory Actions, EU Privacy Watchdog Says
- India Is Building a Sanctions-Proof Supply Chain for Russian Oil
- These Roads Aren’t Built for Wilder Weather Driven by Climate Change
- Viewpoint: New Year, Old Challenges for European Insurers
- Insured Losses From Calgary Hailstorm Reach C$3.25B as 2nd Costliest Canada Disaster
- EU Weighs Easing Corporate Liability Under Toughest ESG Law
- Drought Leaves Canadian Farmers Unpaid, Reveals Holes in Safety Net
- Cyclone Zelia Strengthens Off Australia’s Major Iron Ore Hub
- Taiwan Environment Minister Eyes Insurance Funds to Help With Green Transition
- UniCredit Raises Generali Stake as CEO Orcel Seeks Deals Influence
- People Moves: Marsh Names Former AXA XL Exec as UK Chair; Rokstone Taps Howden’s Winsley as Capacity Mgr. and Broker Relationship Dir.
- Pen Underwriting Simplifies Divisional Structure in UK & Ireland, With Breslin at Helm
- Insurers Pay Record Claims for Weather-Related Damage in UK: ABI
- Israel Financial System Resilient Despite Wars, Central Bank Says
- Russia Emergency Services Work to Prevent Pacific Oil Spill
- It’s ‘Virtually Certain’ the World Has Already Breached 1.5C Warming Limit
- Ex-AIG Chief Duperreault Secures $700M for Mereo Reinsurance Startup
- Russia’s Rostelecom Says Baltic Sea Cable Damaged, Tass Reports
- Apple Ordered by UK to Build Backdoor to Access User Data
- Oil Executives Call for Cautious Return to Red Sea Navigation
- China Frees Possible $27 Billion From Insurers to Buy Gold
- China Asks Insurers to Manage Sufficient Capital and Liquidity Buffers
- People Moves: Willis Promotes Easton to Global Head of ART and Head of Western Europe, Risk & Analytics; Arch Insurance UK Division Promotes 4 Senior Leaders
- Britain’s L&G Sells US Protection Unit to Japanese Insurer for $2.3 Billion
- Russia Faces Impending Oil Tanker Crisis as Sanctions Pile Up: Bloomberg Oil Strategist
- Valencia Floods Prompt Race for Funds to Boost Spain’s Climate Resilience
- Avolon, BOC Settle Lawsuit Against Insurers Over Stranded Russian Jets
- UAE Turns to Satellites to Shield Region’s Only Nuclear Plant From Climate Risks
- European Commission Asks Shein for Information on Illegal Goods
- Clear Group Acquires Irish Broker Phelan Caswell Insurances
- People Moves: SCOR Taps Allianz’s Schaefer as Global Head of Casualty & EIL, Succeeding Carerras; AXIS Promotes Cucciniello to Head of Primary Casualty
- Billionaire Generali Investor Weighs Candidates to Challenge CEO Donnet
- Investors With $6.8 Trillion Warn EU Not to Bow to ESG Backlash
- Europe’s Water Resources Under Pressure With Most Surface Bodies Polluted, EU Says
- Denmark to Intensify Scrutiny of Russia Shadow-Fleet Tankers
- Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh
- Markets/Coverages: MGA Rokstone Expands Portfolio Into Financial Institutions
- Australia Bans DeepSeek From Government Tech Over Security
- UK Commits £2.65 Billion to Tackle Rising Flood Risk
- Allianz, IAG Said to Mull Bids for Top Western Australia Insurer
- Oil Tanker Attacked Last Year Crosses Red Sea as Houthi Ceasefire Holds
- Generali to Remain in Charge of Investment Decisions in BPCE Deal, Won’t Cut Stake
- China Hits Back With Targeted Tariffs After Trump Imposes New Levies
- Viewpoint: Delegated Underwriting Authority Enterprises Offer Insurers Competitive Edge
- Gallagher Bassett Buys London-Headquartered W K Webster & Co.
- Miller Agrees to Acquire UK-Based AHJ Holdings
- Australia Urges Residents in Northeast to Evacuate on Flood Risk
- UK Warns DeepSeek Users of Data Risks But Won’t Yet Ban It
- Property-Catastrophe Reinsurance Rates Will Stop Dropping Post Wildfires: Execs
- City of London Hit Harder Than Rest of Economy Since Brexit Vote
International & Reinsurance News Archives
