International & Reinsurance News for July 2025
- PERILS Offers Severe Convective Storm Loss Reporting for Europe, Japan, New Zealand
- UK Air-Traffic Outage Caused by Radar Canceled 150 Flights
- Luxembourg Probes Possible Wrongdoing Tied to China CO2 Credits
- Markel Insurance Selling Reinsurance Renewal Rights to Nationwide
- US Property-Focused-MGA Avatar Launches in UK, Led by Clapham From Aon
- Viewpoint: Green Technologies Bring New Property Risks – and Opportunities
- People Moves: LSM Hires Nelson, Ciraci and Prout to Boost Renewables Offering; BMS Promotes Wookey to Managing Director, Bermuda Product Line Development
- South African State Insurer Builds $1.1 Billion Riot Buffer
- Huge Quake Rocks Russia’s Far East, Triggering Tsunami Warnings Around Pacific
- Air India Audit Finds 51 Safety Lapses, From Unapproved Simulators to Training Gaps
- Update: Shanghai Evacuates 280,000 Residents as Tropical Storm Arrives
- Bridgepoint to Buy Majority Stake in German Insurance Broker HBC
- Marsh Japan Agrees to Acquire Mitsubishi Electric’s Insurance Agency
- People Moves: Guy Carpenter Taps RenRe’s Flynn as Head of Global Clients, Global Specialties; Tokio Marine HCC International Names Bridges as Chief Claims Officer
- H1 Natural Disasters Had Insured Price Tag of $80B – Driven by US Claims: Munich Re
- Aon Reports 6% Organic Revenue Growth, Boosted by Commercial, Reinsurance Lines
- Hong Kong Shuts Down for Second Time in a Week Due to Heavy Rain
- India Moves to Shield Power Grids From Solar Equipment Malware
- Musk’s Geopolitical Influence Raises Concerns Among Regulators and Lawmakers
- Volante Global Taps Smith From Guy Carpenter as Group CEO, Succeeding Reith
- Polish Insurer PZU Eyes Seed Funding Role for Big Polish Projects
- UK Hybrid Fronting Insurer Bridgehaven to Acquire Dublin Insurer SureStone
- Jeju Air Jet Still Had Working Engine When it Crashed: Investigation Update
- Markets/Coverages: QBE and Matrix iQ Partner to Provide UK Fleet Risk Mgmt Solutions
- Europe Inc Swerves Trump Trade War ‘Hurricane’ but Laments Higher Tariffs
- People Moves: Allianz Commercial Appoints Nguyen-Huu, Lascar and Head for Portfolio Solutions Team; Canopius Promotes Pinnington as Head of Marine & Energy Treaty
- AXA Wins $908 Million UK Court Ruling Against Santander Over Protection Insurance
- Markets/Coverages: Mosaic Offers Cyber/Financial Institutions Cover for Digital Assets
- Amazon Faces UK Lawsuits Worth Up to $5.4 Billion From Retailers, Consumers
- Russia’s Ust-Luga Port Orders Vessel Checks After Mystery Blasts
- Kazakh Black Sea Oil Exports Halted by New Russian Regulations, Sources Say
- Wildfires in Mediterranean Leave a Dozen Dead as Heat Soars
- Brown & Brown (Europe) Agrees to Acquire UK-Based Bloodstock Broker
- People Moves: Everest Promotes Beggs as EVP and Reinsurance CEO; Allianz Commercial Appoints Key Global and Regional Leaders, Creating New Nordics Region
- MS Amlin Names Former Brit CUO Dart as CEO, Succeeding Carrier
- Global Commercial Insurance Rates Drop 4% but Casualty Rates Are Rising: Marsh
- Chinese Engines, Shipped as ‘Cooling Units,’ Power Russian Drones Used in Ukraine
- Top UN Court Says Treaties Compel Wealthy Nations to Curb Global Warming
- People Moves: DUAL Europe Taps Nexus’ Masteling to Lead New Trade Credit Business
- Competition Among European P/C Insurers Is Rising, Along With Claims Inflation: S&P
- South African Insurer Santam Gets ‘In-Principle’ Approval to Launch Lloyd’s Syndicate
- Munich Re Chairman Wenning to Retire at Year-End, Succeeded by Jurecka
- World Court Is Poised to Mark Future Course of Climate Litigation
- Italy’s Top Court Says Climate Case Against Eni Can Continue
- AI Should Run on 100% Renewable Energy by 2030, UN Chief Says
- Business Moves: Coverys Agrees to Sell Italy MGA to AnaCap-Backed Edge Group; Portuguese Insurance Broker Universalis Rebrands as Acrisure
- European Heat Wave Gives Way to Violent Storms and Flooding
- People Moves: Willis Launches Dedicated Residential Real Estate Team, Led by Palmer and Grainger; Aspen Promotes Welch to Group Chief Underwriting Officer
- HP Lost £730 Million After Buying Mike Lynch’s Autonomy, Judge Says
- British Business Slows Climate Action, Sees Government Net Zero Agenda as Unrealistic
- Philippines Braces for Heavy Rain After Six People Killed
- UK Plans to Ban Public Sector Bodies From Paying Ransom to Cyber Criminals
- What’s in the EU’s 18th Sanctions Package Against Russia?
- People Moves: HDI Global Canada Appoints Reedie as Head of Engineering and Construction; QBE Promotes Connolly as European Property Product Manager
- Credit Insurer Atradius Gets In-Principle Approval to Launch Lloyd’s Syndicate
- Flood Re’s Reinsurance Costs Surge on UK Claims Frequency and Severity
- The Dossier That Warned Credit Suisse About Sanjeev Gupta
- Evidence Shows Jeju Air Pilots Shut Off Less-Damaged Engine Before Crash: Source
- Singapore Says Cyber Espionage Group Targeting Critical Infrastructure
- Ambani’s Jio Agrees to Reinsurance Venture With Allianz in India
- Cayman Islands Approves 21 New International Insurance Licenses During H1
- People Moves: Aon Appoints Key Leaders in EMEA Commercial Risk Team; AXA XL Promotes Wilkinson to Head of International Casualty, Retail, UK & Lloyd’s
- AI Models With Systemic Risks Given Pointers on How to Comply With EU AI Rules
- EU’s New Russia Sanctions Aim for More Effective Oil Price Cap
- Chinese Hackers Still Trying to Break Into Telecoms Across Globe
- China-Linked Hackers Target Taiwan’s Chip Industry With Increasing Attacks: Research
- Markets/Coverages: Price Forbes Adds Construction Capacity to Cross-Class Facility
- Air India Junior Pilot Asked Captain Why He Turned Off Fuel Switches
- How Hot Can It Get? Scientists Are Struggling to Find an Answer
- People Moves: Guy Carpenter Promotes Hakes as Global Head of Marine, Energy, and Technical Lines; Moody’s Names Aquino as Global Co-Head of Insurance
- Insurance Supervisors’ Group Seeks Collaboration to Cover Disaster Losses
- Trade Credit Specialist Coface Gets Nod From Lloyd’s to Launch Syndicate
- Aon Promotes Reinsurance Leaders as John Neal Takes a New Direction With AIG
- Air India Crash Supports Argument for Cockpit Cameras, IATA Chief Says
- First-Half 2025 Insured Losses From Natural Cats Hit $100B, Driven by US Events
- ECB Stress Test to Ask Banks Which Geopolitical Risks Would Hurt
- Helvetia, Baloise Said To Tap McKinsey For Merger Help
- Viewpoint: US Life Reinsurance Driven by Insurers Seeking Growth, Capital Optimization
- London Market Brokers, Associations Welcome Move to Create UK Captive Domicile
- Markets/Coverages: Liberty Specialty Launches Crypto Product for Financial Institutions
- Lawyers Warn UK NDA Ban May Reduce Misconduct Settlement Payouts
- Four People Killed in Small Plane Crash at London Southend Airport, Police Say
- AI Is Already Showing Signs of Slashing UK Job Openings
- Air India CEO Says Probe Into Ahmedabad Crash Raises New Questions
- UK Farmers Face Increased Fire Risks as Dry Weather Persists
- People Moves: BMS Appoints Wilson as Director in Canadian Retail Division; WTW Promotes Cousins to Head of London Market Claims
- MGA Nexus Underwriting’s CEO Rouse Faces Internal Investigation for ‘Offensive’ Email
- Markets/Coverages: HDI Global, Parametric Insurer Descartes Launch EQ Cover in Japan
- Ships Look to Dodge Red Sea Attacks With ‘All-Crew-Muslim’ Messages
- UK Hiring Tumbles by Most in Nearly Two Years, KPMG Survey Shows
- Air India Crash Points to Cockpit Confusion as Fuel Flow Cut Out
- Houthi Rebels Sink Ship in Red Sea, Killing at Least 4 With 11 Missing: EU Naval Mission
- People Moves: Consilium Taps Carpenter’s Coleman for C-Suite After Co-CEO Baird Suddenly Exits; Everest Promotes Shaw as Chief Commercial Officer of Int’l Division
- Markets/Coverages: Aon Launches Insurance Facility for Full Lifecycle of Data Centers
- Red Sea Insurance Premium Spikes as Houthi Risks Return
- European Commission to Propose Floating Russian Oil Price Cap
- Extreme Heat Is Killing European Workers Despite Government Efforts
- UK Arrests Four Linked to M&S, Harrods Cyberattacks
- Markets/Coverages: Descartes Insurance Expands Into Credit & Political Risk
- People Moves: QBE Re Names Senior Leaders Across Markets, Product Areas as Part of Restructuring; Liberty Global Transaction Solutions Appoints Leaders in London, Europe
- AI-Driven MGA ‘Augmented UW’ Launches to Serve Smart-Follow Insurance Market
- Extreme Weather Could Cause 5% Drop in Euro Zone GDP, Bank Watchdogs Find
- Low Water Still Hindering Rhine River Shipping in Germany After Rainfall
- M&S Says April Cyberattack Caused by Third-Party Impersonation
- Qantas Says Passenger Addresses, Meal Choices Among Stolen Data
- People Moves: RiverStone Taps Enstar’s Brockman as Group CEO, Succeeding Tanzer; MS Reinsurance Restructures Underwriting Operations, Making Leadership Changes
- US Tariffs Projected to Slow Global Economy and Insurance Premium Growth: Swiss Re
- Markets/Coverages: Markel Launches Pre-Loss Services for UK Cyber Clients
- Credit Fund’s Collapse Leads to $1 Billion Lawsuit Against EY
- Houthi Attacks in Red Sea Sink Two Cargo Ships, Leave Three Dead
- UK Companies Should Have to Disclose Major Cyberattacks, M&S Says
- Viewpoint: Rising False Advertising Claims Reveal Major Coverage Protection Gap
- People Moves: Liberty Specialty Promotes Fraigneau to President, Europe; Insurance Industry Charitable Foundation Launches in Canada With Gladki as Exec Director
- Market/Coverages: Willis Launches $200M Cargo Facility for Rising Geopolitical Risks
- India’s Kerala State Seeks $1.1 Billion in Compensation From MSC Over Oil Spill
- Mexico Criminals Rob Truck Full of Gold, Silver Concentrate
- Florida Reinsurance Buyers Found Ample Property Capacity at Mid-Year Renewals
- Apple Takes Fight Against $587 Million EU Antitrust Fine to Court
- Commercial Ship Under Continuous Houthi Attack in Red Sea
- Wildfire Smoke Brings a Forgotten Danger to the Arctic: Black Carbon
- Richard Li’s FWD Rises in HK Debut, Reversing Earlier Drop
- CRC Group Agrees to Acquire Lloyd’s Managing Agency Atrium Underwriting Group
- Business Moves: Insurtech Wefox Raises €151M to Build New MGA Focus, Core Markets
- Ship Hit in Red Sea as Israel Strikes Houthi-Controlled Ports
- UK Business ‘Struggling to See’ What’s Pro-Business About Labour
- Louis Vuitton Korea Suffers Cyberattack as Customer Data Leaked
- South Korea Penalizes ‘Negligent’ SK Telecom Over Major Data Leak
- Czech Republic Hit by Major Power Outage Triggered by Fallen Cable
- ‘Preventable’ National Grid Failures Led to Heathrow Fire: Report
- People Moves: Ki Appoints Ex-PartnerRe Executive Bonneau as Chair
- Cyberattack on Brazil Tech Provider Hits Reserve Accounts of Some Financial Institutions
- Business Moves: Specialist Risk Group Acquires Generation Underwriting From WF Risk Group; Ardonagh Acquires Majority Stake in Apex Insurance in Hong Kong
- Zurich Insurance Buys Canadian Insurance Technology Firm BOXX
- Reinsurance Renewal Prices Moderate as Capacity Exceeds Cedent Demand: Brokers
- Mount Everest’s Trash-Covered Slopes Are Being Cleaned by Drones
- Legacy Specialist Enstar Goes Private on Completed Acquisition by PE Firm Sixth Street
- Heat Waves May Cut GDP by 0.5 Percentage Point in Europe, Allianz Says
- Markets/Coverages: Hiscox Offers Digital Cover for Small Cargo, Stock Throughput Risks
- Business Moves: Howden Japan Acquires Holos; Ageas Buys Saga’s Underwriting Biz; BMS Purchases Australian Property Broker; UK’s Direct Line Now Owned by Aviva
- Highway Robberies Are Now Just Part of Doing Business in Mexico
- M&S Expects Cyberattack Impact to Be Over by August, CEO Says
- Australia’s Qantas Says 6 Million Customer Accounts Accessed in Cyber Hack
- UK Broker Ardonagh Completes $2.5B Equity Investment Led by PE Firm Stone Point
- Howden Re Names Elliot Richardson Executive Chair as Rod Fox Steps Down
- Update: Heatwave Grips Europe – Spurring Health Alerts, Raising Risk of Field Fires
- ‘Bomb Cyclone’ Pummels Sydney With Heavy Rains, Winds
- BNP Paribas Completes Acquisition of AXA’s Asset Management Unit
- India’s Sigachi Factory Fire Death Toll Rises to 39; Cause Still Unknown
- China Enlists Commercial Insurers in Bid to Boost Local Biotechs
- Aviva’s £3.7 Billion Direct Line Deal Gets UK Regulator’s Nod
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