International & Reinsurance News

Frequent Wildfires Decimating Forests Becomes Concern Worldwide

Wildfires among ponderosa pines and Douglas firs of the U.S. West have long been part of nature’s cycle of renewal, as much as the changing of the seasons. But as climate change makes the region more arid, wildfires have grown …

International Conference to Examine Abusive Behavior in Gymnastics

The international gymnastics federation will hold a conference next month to discuss misconduct and abuse in elite programs and develop new rules of conduct, the body said Friday. Gymnasts from countries including Britain, the Netherlands and Australia have come forward …

Eateries Face Restrictions, Workers Return Home as England Faces Virus Resurgence

British Prime Minister Boris Johnson will tell people on Tuesday to work from home where possible and will curb timings for bars and restaurants to tackle a fast-spreading second coronavirus wave, but the opposition accused him of losing control. With …

Zurich Insurance Supports Reforestation in Brazil’s Atlantic Forest With 1 Million Trees

Zurich Insurance Group said it will sponsor a reforestation project in Brazil to convert barren farmland back into native forest that is rich in plant and animal life. The eight-year project will help to restore Brazil’s Atlantic Forest, the “other” …

FCA to Insurer CEOs: Don’t Delay in Paying Valid COVID Business Interruption Claims

In a follow-up to the High Court’s ruling on coronavirus-related business interruption claims by businesses, the UK’s Financial Conduct Authority (FCA) is advising insurers that they must pay all valid claims “in full at the earliest possible date to support …

How Insurance Industry Might Respond if a Pandemic Is an Act of Terror

Imagine a scenario where COVID-19 was manufactured in a lab and was released as an act of terror. Tracey Gibbons, senior vice present, Underwriting, at Third Point Re, considers this possibility during a presentation for Carrier Management’s new series of …

Facebook Tells Irish Court That It Needs Data Transfer Mechanism to Operate

Facebook has told Ireland’s High Court it cannot see how its services could operate in the European Union if regulators freeze its data transfer mechanism, the Sunday Business Post reported, citing court documents seen by the paper. The U.S. social …

Carpenters Restoring Notre Dame Face Challenge of Using Original Materials, Design

With precision and boundless energy, a team of carpenters used medieval techniques to raise up — by hand — a three-ton oak truss Saturday in front of Notre Dame Cathedral, a replica of the wooden structures that were consumed in …

EU’s Barnier Still Hopes for UK Trade Deal Despite Latest Crisis

The European Union’s Brexit negotiator told the bloc’s 27 national envoys to Brussels that he still thinks a trade deal with Britain is possible despite a new crisis in the tortuous four-year saga, diplomatic sources told Reuters. Britain left the …

Former Bank of England Chief Carney Joins Advisory Board of Allianz’ PIMCO

Former Bank of England Governor Mark Carney will join the advisory board of PIMCO, one of the world’s biggest bond investment companies, adding to his existing roles with the United Nations and a Canadian asset manager. Carney will work alongside …

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