International & Reinsurance News for April 2025
- People Moves: SiriusPoint Taps AIG’s Gibson as International Chief Underwriting Officer; Howden Appoints McLaughlin From Chaucer to Lead Howden Re Miami
- Co-op Is Latest British Retailer to Be Hit by Cyberattack
- Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils
- Companies Count the Costs After Blackout in Spain and Portugal
- Zombie Ships Are Fast Becoming a Feature of Venezuelan Oil Trade
- UK Warned Cuts to Flood Defense Are Too Dangerous to Consider
- Ransomware Hack Said to Be Cause of Marks & Spencer Outages
- People Moves: CEO of Carbon Retires for Health Reasons, Succeeded by Ferrier; Chaucer Taps SCOR’s Brown, Everest’s Cleair as Underwriters for International Property
- Markets/Coverages: BHSI Updates Private Company Executive Lines Suite in Canada
- Spanish Grid Operator’s First Assessment Rules Out Cyberattack Behind Blackout
- Why Restarting a Power Grid After Massive Collapse Is So Hard
- Brokers Aon and WTW Each Report Steady Organic Growth of 5% in Q1
- Spain and Portugal Hit With Worst European Blackout in Years
- UK’s M&S Tells Warehouse Agency Staff to Stay Home as Cyber Incident Continues
- Ukraine Says It Detained Grain Ship From Russia’s ‘Shadow Fleet’
- Mediobanca Makes €6.3 Billion Offer for Generali’s Wealth Arm
- Business Moves: Ardonagh Acquires Zurich’s SRB Assekuranz Broker; Optio Completes Purchase of Norwegian MGA, S Insurance
- Britain’s M&S Stops Taking Online Orders After Cyber Attack
- UK Water Bosses Face Up to Two Years in Prison for Polluting
- World’s Biggest Companies Have Caused $28 Trillion in Climate Damage: Study
- Baloise Says Main Shareholder Patria Buys 9.35% Stake Ahead of Helvetia Merger
- More Russian Insurers Seek Indian Nod for Oil Tanker Coverage
- Global Q1 Commercial Insurance Rates Drop 3%, but US Casualty Bucks the Trend
- Apple, Meta Fined as EU Presses Ahead With Tech Probes
- Generali CEO Secures New Term After Contested Natixis Deal
- UK’s Extremely Dry Start to Year Raises Crop and Wildfire Risks
- AXA Board Proposes to Renew CEO Buberl’s Mandate in 2026
- UniCredit Holds Stake of Between 6-7% in Generali, Source Says
- The Race to Fix Aging Computer Systems Heats Up With AI’s Help
- Thai-Chinese Firm Denies Flouting Safety Measures in Probe of Skyscraper Collapse
- Top Japanese Firms Scrap Employment System That Held Women Back
- WEF Launches Probe Into Founder Schwab Over Whistleblower Allegations
- British Food and Clothing Group M&S Discloses Cyber Incident
- IMF Slashes Global Outlook as White House Says Trade Talks Pick Up Pace
- BOE’s Greene Says US Tariffs Pose Disinflation Risks for UK
- People Moves: Conduit Names Pritchard Interim CUO, as Roberts Steps Down
- Japanese Insurer MS&AD Plans to Invest as Much as $5 Billion to Double US Profits
- Swiss Insurers Helvetia and Baloise to Merge to Create Top 10 Company
- Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B
- Crime Syndicates in Southeast Asia Go Global, Defying Crackdowns
- Trump Tariff Worries Spur Record Overseas Demand for Japanese Government Bonds
- India Plans to Ease Nuclear Liability Laws to Attract Foreign Firms, Sources Say
- People Moves: Specialty MGA Appoints 2 Senior Underwriters for Africa & Middle East; DUAL Europe Expands Marine Business With New Team in Hamburg, Germany
- China Bans ‘Smart’ and ‘Autonomous’ Driving Terms From Vehicle Ads
- Lloyd’s Broker Charged Over Alleged Ecuador Bribes
- US Excess & Surplus Lines Boost London Market Re/Insurers’ Topline Growth
- China to Tighten EV Battery Rules to Reduce Fire and Explosion Risks
- Sweden Probe Finds No Conclusive Evidence of Deliberate Damage to Subsea Cables
- Google Faces £5 Billion Lawsuit in UK for Abusing Dominance in Online Search
- Markel to Acquire UK Specialist Marine MGA, The MECO Group Ltd.
- United Risk Launches Multi-Line Reinsurance MGA, Names Cahill as CEO
- Central European Foot-and-Mouth Disease Leads to Animal Culls and Border Closures
- Europe’s Hottest Year Turbocharged Extreme Weather Across Region
- China Says US Hacked Networks of 2025 Asian Winter Games
- German Court to Review Seizure of Russian ‘Shadow Fleet’ Tanker
- British Insurer Marshmallow Valued at $2 Billion With BlackRock Backing
- Clorox Australia Fined $5.2 Million Over False Claims of Using Recycled Plastic
- Estonia Detains and Boards Russia-Bound Oil Tanker Over Insurance Status
- Deadly Landslide in Indonesia’s Nickel Hub Signals Supply Risk
- Hackers Breach Morocco’s Social Security Database in Unprecedented Cyberattack
- AI Weather Models Promise Super Granular, Specialist Forecasts
- Ageas to Buy UK Insurance Platform Esure for $1.7 Billion
- People Moves: Arch Insurance Taps Seip From LSM as Head of Fine Art & Specie, Europe; Berkshire Hathaway Specialty Insurance Promotes Gormley and Reddin in Ireland
- Update: UN Shipping Agency Strikes Deal on Fuel Emissions, CO2 Fees
- Markets/Coverages: Cyber MGA Resilience Launches Tech E&O Cover in UK and EU
- Hopes of ‘Brexit Benefit’ From Tariffs in UK Were Short-Lived
- Sweden Ousts Top Financial Services Regulator After Public Outcry
- Canadian Exporters Inquire About Trade Credit Insurance as Trump’s Tariffs Raise Risk
- People Moves: Markel Promotes Brooke to Senior Underwriter of War and Terrorism; BHSI Promotes Kidd to Newly Created Role of Head of Underwriting in Europe
- Rising Civil Unrest, Political Violence Remain Top 10 Risk for Global Businesses: Allianz
- Market/Coverages: Marsh Offers Bermuda Cyber Excess Facility With $30M of Capacity
- Corporate Credit Tremors in Aftershock of Tariff-Led Stock Rout
- What Two Oil Firm Ads Show About Where UK Regulator Draws Line on Greenwashing
- MNK Group Unveils New Unified Brand
- China Financial Regulator to Raise Insurance Funds’ Limits for Stock Investment
- California Wildfires Had Little Impact on Reinsurers’ Risk Appetite During April Renewals
- Markets/Coverages: MGA Helix Underwriting Launches Professional Lines Program
- Singapore Customer Data Exposed After Ransomware Attack on Vendor of DBS, BoC
- UK Urged to Give Companies Incentives to Hire the Long-Term Sick
- China Calls for Smart Driving Vigilance After Fatal Crash of Xiaomi Corp. EV
- Broker BMS Appoints Former Hannover Re Executive Henchoz as Chairman of Board
- Apple Appealing Against UK ‘Back Door’ Order, Tribunal Confirms
- Business Moves: Dutch Broker HW International Completes MBO; Jewelers Mutual Buys Australia’s Q Report; Ardonagh Advisory Buys UK Broker ALP Holdings
- EU Weighs International CO2 Credits to Meet New Climate Goal, Sources Say
- Global Credit Starts to Wobble as Market Pain Spreads
- Generali Investors Should Vote to Keep CEO Donnet in Job: Proxy Adviser ISS
- Women in UK Financial Services Still Earn a Fifth Less Than Men
- Buyer-Friendly April Reinsurance Renewal Bodes Well for Mid-Year Renewals: Brokers
- Peak Re Granted License to Open Reinsurance Branch in India
- Leaked Files Raise Fears About Shell Oil Production Fleet, Years After Devastating Spill
- UK Financial Services Industry Slow to Hire Women to Top Roles, Report Finds
- Hackers Target Australia’s Largest Pension Funds in Coordinated Attacks
- Generali Won’t Fight Italy Government Over Natixis Deal, CEO Tells Paper
- SCOR Placed Under Court Examination for Allegations Against Former Chair Kessler
- Specialty and Media MGA Nirvana to Acquire MGA Pulse
- Arthur J. Gallagher & Co. Acquires Brokers in UK and Australia
- Britain’s Co-op Group Says Retail Crime Cost it $105 Million in 2024
- Cayman Islands Builds $74 Billion Insurance Hub That Irks Apollo Global Management
- Chinese Military Conducts Large-Scale Drills Around Taiwan
- Deutsche Bank’s DWS Pays $27 Million in German Greenwashing Case
- Severe Storms Batter Greek Islands, With Crete Hit Hardest
- Firm Issued Fake Insurance for Russian Oil Tankers, Norway’s Regulator Says
- UK to Compel 1,000 Firms to Shore Up Cyber Defenses After Hacks
- Update: North Korean IT Warriors Push to Infiltrate European Firms
- Swiss Market Regulator FINMA Restructures; Head of Insurance Division to Step Down
- Is Britain on the Cusp of Another Multibillion-Pound Consumer Finance Scandal?
- Italy Insurance Watchdog Needs More Details of Generali-Natixis Deal, Sources Say
- Swedish Insurer Folksam Divests $160 Million Tesla Stake
- Bain-Backed Esure Eyes UK Growth After £200 Million Revamp
- Japan Warns Potential Megaquake Could Kill Nearly 300,000
- Australia Outback Lashed by Year’s Worth of Rain in Week, With Many Livestock Killed
- Thailand Says Collapsed Bangkok Tower Used Substandard Steel
- Allianz Global Investors Scraps Nuclear, Military Exclusions to Back Europe Rearmament
- Zurich Buys Stake in UK M&A Insurer to Fuel US, Europe Expansion
- UK Supreme Court Starts Motor Finance Case With Billions on the Line
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