International & Reinsurance News

With Economy Slowing, Tariffs Hitting, China’s Rust Belt Looks to Belt and Road Initiative

From Thailand to Kenya, trains run on tracks from steel mills in China’s northeast, a rust-belt region that is trying to capitalize on a multibillion-dollar national initiative to build ports, railways and other projects abroad. Announced in 2012, the Belt …

Lussier Dale Parizeau in Quebec Names Laurin as President, COO

Michel Laurin has been named president and chief operating officer of Lussier Dale Parizeau insurance firm. For the past 17 years, Laurin has worked for Industrial Alliance (iA) as president and COO of iA Home and Auto Insurance, and also, …

Spain Reports Progress in Battling Canary Island Wildfire

The wind dropped overnight in the Canary Islands, allowing firefighters to make progress Tuesday against Spain’s biggest wildfire so far this year. Canary Islands President Angel Victor Torres said 16 water-dropping aircraft took off at first light amid “a lot …

Nuclear Watchdog Says Russia Resumes Sharing Radiation Data

Russia has resumed sharing data from its radiation monitoring stations in Siberia after some were taken offline following a deadly explosion at a missile range, a nuclear weapons watchdog said Tuesday. The mysterious accident at a naval weapons testing range …

India Court Grants Facebook Some Relief in Key Privacy Case

India’s top court handed out a reprieve to Facebook Inc. in its battle to preserve the encryption feature of its Whatsapp messaging service which prevents it from sharing details of users or messages with the authorities. The court stopped short …

Hamilton to Double in Size with Completed Acquisition of Pembroke Managing Agency

Hamilton Insurance Group said it has completed its acquisition of Liberty Mutual’s Pembroke Managing Agency at Lloyd’s and its Ironshore Europe DAC business. The acquisition, first announced in mid-March, will double the premium volume and size of Hamilton, a Bermuda-based …

Deadlock Continues as EU Rebuffs Johnson Bid to Reopen Brexit Deal

The European Union poured cold water on Boris Johnson’s attempt to renegotiate the Brexit deal, saying the so-called backstop to prevent a hard Irish border — which the British prime minister wants scrapped — was a vital part of the …

JLT’s Adams Joins Everest Insurance to Lead Its Bermuda Operation

Everest Insurance said Kyle Adams has joined to lead the its Bermuda operations. In this role, Adams will focus on establishing and growing Everest’s Bermuda Insurance operations. Adams comes to Everest with 20 years of experience, including a decade operating …

Parade of Probes Underway to Pin Blame for Britain’s Blackout

The lightning strike that triggered Britain’s biggest blackout in more than a decade has also spawned a flurry of investigations by groups ranging from the government to railway operators. National Grid Plc’s preliminary report published by the regulator Ofgem on …

U.K.’s RSA Group Makes Market Move Despite Its Safety from No-Deal Brexit

RSA Insurance Group Plc is issuing sterling debt well ahead of an October 31 Brexit deadline, even though the U.K. insurer will likely fare better in a disorderly exit than many of its less-diversified peers. The company has reopened the …

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