International & Reinsurance News

Willis Towers Watson Agrees to Acquire Remaining 51% Stake in WTW India

Insurance broker Willis Towers Watson announced the signing of an agreement to acquire the remaining 51% shares from Anemone Holdings Private Ltd and Rohit Jain in Willis Towers Watson (WTW) India. WTW currently owns 49% of Willis Towers Watson India …

Banks, Asset Managers, Representing 40% of World’s Assets, Vow to Meet Climate Goals

Banks and asset managers representing 40% of the world’s financial assets have now pledged to meet the goals set out in the Paris climate agreement, as an alliance championed by former central banker Mark Carney swells under the gaze of …

Vantage Names AXA XL’s Blanco CEO of Insurance

Bermuda-based Vantage Group Holdings Ltd. has appointed Alex Blanco as CEO of Insurance to lead the growth and development of its insurance business. Blanco is a seasoned Insurance professional with over 25 years of industry experience across professional and specialty …

Lagos Building Collapse Kills at Least 10; Scores Reported Missing

LAGOS – Rescuers on Tuesday dug through rubble searching for survivors a day after a luxurious high-rise building collapsed while under construction in Nigeria’s commercial capital Lagos, as officials put the death toll at 10 and scores were reported missing. …

WTW’s Smith to Lead Chaucer’s Marine Specialty Division; NFP Names Beauchamp VP Commercial Lines; Insurtech BOXX Hires Steptoe as Global Chief Product Officer

This edition of International People Moves details appointments in at insurer Chaucer (in the UK), the broker NFP (in Quebec) and the insurtech BOXX (in Switzerland). A summary of these new hires follows here Chaucer Appoints Smith From WTW to …

Norway Faces Hard Choices After Wind Turbines Ruled Threat to Reindeer Herder Rights

OSLO – Norway faces hard choices over the future of two major wind farms stripped of their licenses for jeopardizing the way of life of Sami reindeer herders, but it remains unclear whether they should be dismantled, the energy minister …

Update: Leaders at COP26 Climate Conference Pledge to Cut Methane and Save Forests

GLASGOW – Leaders at the COP26 global climate conference pledged on Tuesday to stop deforestation by the end of the decade and cut emissions of the potent greenhouse gas methane to help slow climate change. On the second day of …

Berkshire Hathaway, Other Foreign Firms to See Payoffs From India’s Fintech Revolution

China’s transformation from a financial-technology backwater into a $46 trillion-a-year global leader in digital payments left most international investors watching in awe from the sidelines. Now India is undergoing its own fintech revolution, and the race is on to grab …

Insurer Hiscox Sets Aside $150M for Hurricane Ida, European Flood Losses

Hiscox has set aside $150 million to cover losses linked to Hurricane Ida and floods in Europe, the insurer said, above analysts’ expectations, while it reported strong premiums written this year thanks to rising rates. The Lloyd’s of London insurer …

Russia Tech Giant Yandex Uses AI to Reward Safe Drivers With Insurance Discounts

Russian tech giant Yandex plans to reward responsible drivers on its car-sharing platform with cheaper insurance this year, it told Reuters, using machine learning in a pilot program similar to one already adopted by Tesla. Newly listed Renaissance Insurance has …

International & Reinsurance News Archives by Month