International & Reinsurance News for March 2025
- EU Agencies Seek to Cut Red Tape in €1.2 Trillion ABS Market
- MS Amlin Opens Australia Branch, Taps Aon Re Exec as Head of Australia, New Zealand
- Conduit Re CEO Carvey to Retire; Company Announces Plans to Buy More Retro Cover
- War-Torn Myanmar Struggles With Quake Rescue as Toll Rises
- Thailand Probes Collapse of Only Skyscraper to Crumble in Quake
- Family of Canadian CEO Killed in Helicopter Crash Files $35 Million Lawsuit
- MS&AD Insurance Group Announces Merger of 2 Non-Life Subsidiaries
- Myanmar Junta Asks for Aid as Death Toll From Massive Quake Nears 150
- South Korea Contains Main Blazes in Week-Old Forest Fires
- Italian Fund Managers Add to Uncertainty in Generali Board Tussle
- Arctic Sea Ice Shrinks to Record Winter Low as Earth Heats Up
- Italy’s No. 2 Insurer Unipol Aims to Boost Bank Distribution Channel
- People Moves: Everest Re Taps Haines From Carpenter as Global Head of Engineering; MGA Aqueous Promotes Dorrell to New Role as Head of P/C
- Sompo Granted Licenses to Write Primary Insurance in Belgium and the Netherlands
- Hannover Re Renews Cloud Outage Catastrophe Bond, Structured by Parametrix
- ING Becomes First Globally Important Bank to Meet Climate Watchdog Standards
- Western Officials Say Russia Is Behind Campaign of Sabotage Across Europe
- Cyber Security Threat Detected at Kuala Lumpur International Airport: Malaysia Airports
- Climate Change Triggers More Extreme Weather – From Deluges to Drought
- People Moves: Everest Group’s Chair Taranto to Retire, Succeeded by Graf; VIG Re Taps RenRe’s Haushofer, Promotes Faucret to Build International, European Footprints
- South Korea Battles Wildfires as Death Toll Rises to 18
- Allianz Global Investors Says It Is Cutting Some Roles
- Spain Opens Antitrust Probe Into Generali, Sanitas Agreement
- Ardonagh Set to Raise Up to $2.5 Billion to Fuel Expansion Spree
- Premium Growth Is Good but Disciplined Growth Is Better: Lloyd’s Execs
- Wildfires in Western Japan Damage Homes, Forcing Evacuations
- Spain’s Storms Refill Reservoirs, Easing Nation’s Worst Drought
- UK Bank StanChart Loses Bid to Cut Shareholders’ $1.9 Billion UK Lawsuit in Half
- Germany Tells Insurers to Vet Private Asset Deals More Carefully
- Global Shipping Insurance May Shift if Sanctions End, BIMCO Says
- Key Parts of Original Black Sea Grain Deal With Ukraine Were Never Fulfilled: Kremlin
- UK Detects First Case of Bird Flu in a Sheep, Fueling Fears of Spread
- Air Lease Corp. Gets $329 Million Insurance Payout for Jets Stranded in Russia
- Fidelis Partnership Launches International Casualty MGA, Writing Primary, Excess Cover
- People Moves: Marsh Promotes Russell as Global Head of Wholesale; Markel Boosts Wholesale Claims Team With 3 Key Promotions, Technical Claims Hire
- UK Pledges Anti-Bribery Cooperation With French, Swiss After US Retreat
- AI Chatter Hits Record on European Earnings Calls Across Sectors
- As Mountain Glaciers Melt, Risk of Catastrophic Flash Floods Rises for Millions
- Heathrow Shutdown Raises Concerns Over Contingency Planning
- Markets/Coverages: MS Amlin Binds Reinsurance Facility to Cover Ukraine’s SMEs
- Delta Pilots Warned on Rapid Descent Before Toronto Jet Flipped
- UK Watchdog Fines London Metal Exchange Over Handling of 2022 Nickel Crisis
- Germany Confiscates Tanker in Russian ‘Shadow Fleet,’ Spiegel Reports
- Lloyd’s Register to Sell Modern Tower and Return to Victorian HQ
- AI Is Turbocharging Organized Crime, EU Police Agency Warns
- Share Offering for Brazil’s Caixa Seguridade Totals $216 Million
- Allianz, Jio Financial Said to Reach Initial Deal for India Joint Venture
- London’s IUA Names Jones as Chief Executive, Succeeding Matcham
- Spain Braces for More Downpours After Floods Kill Three People
- Finland Ranks World’s Happiest Again With US at Worst-Ever Level
- People Moves: Marsh Promotes Barnes as Global Head of Energy & Power, Herring as Team’s Chair
- Swiss Re to Sell Entire 10.05% Stake in Canada’s Definity Financial for C$655 Million
- Odey Banned From UK Financial Services Industry for ‘Lack of Integrity’
- Extreme Weather in 2024 Forced Biggest Displacement of People in 16 Years
- Markets/Coverages: Marsh Expands Cyber Insurance Facility With $45M of Extra Capacity
- Wikimedia Challenges India Content Takedown, Warns of Chilling Effect on Free Speech
- Swiss Insurers Baloise, Helvetia Said to Explore Combination
- People Moves: Liberty Specialty Markets Promotes Unstad as Head of Nordics; BHSI Appoints Howe as Head of Claims, Australasia
- Markets/Coverages: Rokstone Secures Property D&F Binder With Somers Syndicates
- Australian Pension Fund Fined A$10.5 Million for Greenwashing
- Small Plastic Pellets Wash Up on UK Shores After Ship Explosions
- Allianz to Sell India JV Stake to Local Partner for €2.6 Billion
- Trump Has Companies in Europe and Asia Walking a DEI Tightrope
- Chairman of Gallagher Re International Vickers Announces Retirement
- Aon’s President Andersen Steps Down; CEO Case Assumes Additional Role of President
- Update: Peruvian Farmer Takes Germany’s RWE to Court in Landmark Climate Case
- Cyclone Alfred to Cost Australia’s Budget A$1.2B, Hit Growth and Increase Inflation
- US Property/Catastrophe Reinsurance Rates Likely to Stabilize During Midyear Renewals
- Four Sailors Involved in Major Singapore Oil Spill Plead Guilty, Straits Times Reports
- China State Firms Curb Russian Oil Imports on Sanctions Risks, Sources Say
- Europe’s Winter Storms Will Get Worse as Emissions Rise, Study Says
- As Chips Race Spews ‘Forever Chemicals,’ Startups Emerge to Destroy Them
- Indonesian Fishermen Sue Tuna Giant Bumble Bee, Alleging Abuse in Supply Chain
- ACORD Solutions Group Launches ADEPT Bermuda Regional Hub for Digital Messaging
- North Sea Ship Collision Could Cost Insurers Up to $100M, Hitting Marine Line’s Profits
- Ardonagh Advisory Acquires UK Broker Anderson & Co.
- Massive Fukushima Plant Cleanup Involves High Radiation and Stress
- Australia Regulator Sues FIIG Securities for Cybersecurity Failures
- Generali Posts Record Profit Ahead of Shareholder Vote on CEO Reappointment
- How Faulty Parts at Boeing’s 787 Jets Flew Below the Radar in Italy
- Captain of Container Ship That Crashed Near UK Was Russian
- UK Corporate Distress at Level Last Seen Post-COVID, Report Says
- People Moves: Arch Insurance Names 2 Senior Leaders for Casualty Team in Spain
- Markets/Coverages: MS Amlin, MSIG UK Launch Dual-Stamp Capacity for London Market
- UK Financial Watchdogs Drop Diversity and ‘Name and Shame’ Reforms
- Meta Faces Legal Challenge by French Publishers Over AI Training
- Dutch Marine Services Provider Boskalis to Salvage UK Ship Collision Tanker
- Unexplained Ship Collision off UK Coast Triggers Race for Clues
- People Moves: Marsh Promotes George as President of Marsh Specialty; Specialist Risk Group Taps Marsh’s Morgan as Head of Corporate for UK Retail Pillar
- Fintech Zolve Raises $251 Million in Largest Funding Round Yet
- Update: Ageas and Allianz Explore Bids for British Insurance Group esure, Sources Say
- Tropical Cyclone Jude Tears Through Northern Mozambique Near Coal Hub
- Private Credit’s Push for Retail Money Stokes New Vulnerability
- Markets/Coverages: Liberty Specialty Markets, Baobab Offer E-Crime Cover for SMEs
- Stricken Oil Tanker in North Sea Smolders With Hole in Side
- France Warns of Soaring Insurance Costs From Climate Change
- Arthur J. Gallagher & Co. Acquires Philippines-Based Re/Insurance Broker Philinsure
- Brazil Insurer Caixa Seguridade Files for Secondary Share Offering
- Citi Fined by Swiss Exchange Regulator Over 2022 Fat-Finger Flash Crash
- Cyclone Alfred Weakens to Tropical Low, Sparing Any Major Damage
- Cascading Extreme Weather Events Unleash Billions in Damages Globally
- UK Court Blocks Class Action Lawsuit Against Water Companies Over Sewage Leaks
- Canada Court Approves $23 Billion Settlement to End Big Tobacco Lawsuits
- Gallagher Re Launches Cyber Risk Adjusted Rating Index to Track Reinsurance Rates
- Zurich Insurance Expands Stake in Banco Sabadell Amid BBVA Deal Bid
- People Moves: Miller Taps SCOR’s Foucart as Managing Director in Reinsurance Practice; Acrisure Re Corporate Advisory & Solutions Appoints 4 Senior Hires
- World Must Prepare to Fight Climate Change Without US, UK Says
- Cyclone Alfred’s Slow and Erratic Path Challenges Forecasters
- People Moves: Tokio Marine HCC Int’l Promotes Gower as Head of Marine and Energy Liability; Miller Launches M&A and Strategic Solutions Team With 3 Senior Hires
- Markets/Coverages: RenaissanceRe Launches Property Catastrophe Bond Fund
- Aon’s NFP Acquires UK-Based Business Management Consultancy, Clay GBP Ltd.
- EU Court Fines Five Countries for Lacking Whistleblower Protection
- Australia’s Prudential Watchdog Targets Longest-Serving Board Directors
- Floods in Indonesia’s Capital Displace Thousands, Shut Factories
- Marsh Acquires Milan-Based Brokerage Fontana Rava-Toscano & Partners
- Australia’s Insured Losses From Cyclone Alfred Could Top US$1.3 Billion: S&P
- Scientists Predict Major Quake in Chile’s Mineral-Rich North
- Cyclone Forces Australian Evacuations as Brisbane Braces for Hit
- People Moves: Wilson Named Deputy Chair of Argenta Syndicate Mgmt as Whiter Steps Down; Specialty MGA UK Hires Hussain as Head of Political, Credit Risk
- Hazardous Cargo Secured From Ship Grounded on Canada’s East Coast
- UK’s Specialist Risk Group Acquires Specialist Schemes Broker, Brentacre Insurance
- Brookfield to Enter UK Pension Insurance Mkt as Companies Offload Pension Liabilities
- Australia Braces for Rare Cyclone to Hit Busy East Coast
- Arthur J. Gallagher & Co. Acquires New Zealand-Based RMA General Ltd.
- Gender Pay Gap Endures in Australia’s Financial and Insurance Sectors
- Italian Businessman Caltagirone Raises Stake in Generali to 8%, MF Daily Says
- Chubb to Buy Liberty Mutual Thailand, Vietnam Insurance Assets
- Price Forbes Re Taps Aon’s Power for Alternative Risk and Capital Solutions; AXA XL Promotes Kilshaw as Head of Broker Mgmt., Alternative Distribution, UK & Lloyd’s
- UK Terrorism Reinsurer Pool Re Completes Expanded Retrocession Placement of £2.75B
- Japan Battles Worst Wildfire in 40 Years Amid Record Dry Season
- South Korea’s New Lithium Battery Rules on Planes Highlight Growing Risk for Aviation
- Optio Group Acquires Norwegian-Based Marine Hull Specialist MGA, S Insurance
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