International & Reinsurance News

Ransomware Attack Still Disrupting IT Systems of New Zealand Hospitals

Systems are still down a week after a ransomware attack disrupted the IT network of five hospitals in the New Zealand district of Waikato, and concerns remain that private patient information may have been exposed. Patients are being asked to …

Swedish Tech Start-up Haidrun Launches Blockchain Platform Targeted at Re/Insurers

Swedish tech start-up Haidrun has launched an enterprise blockchain platform targeted at insurers and reinsurers. Haidrun’s private blockchain platform eliminates suspicious and duplicate transactions by securely and chronologically logging each event, document or transaction. Once verified, actions are cryptographically sealed …

People Moves: AFL’s Ralf to Ballantyne; Arab Insurance Group’s Albaharna to Trust Re; Hunt Promoted at Chaucer as Lines Plans to Retire

This wrap-up of international People Moves details recent appointments at Ballantyne Brokers; Bahrain’s Trust International Insurance and Reinsurance Co., and specialty re/insurer Chaucer. A summary of these new hires follows here. Ballantyne Brokers Ltd., the independent London broker, announced the …

Impending Dutch Court Decision to Test Shell’s Responsibility for Climate Change

A Dutch court verdict against Royal Dutch Shell Plc will determine whether it has a legal responsibility for climate change, in a case that will be watched by Big Oil executives globally. A panel of judges in a lower court …

Generali Opens Representative Office in Brussels to Build Access to EU Decision-Makers

Italian insurer Generali has opened a representative office in Brussels to strengthen public affairs activities with the European Union. Generali said it aims to represent its business priorities while, at the same time, playing an increasingly active corporate citizenship role …

Renault-Nissan, Hyundai Face Factory Closures in India over Workers’ COVID-19 Fears

CHENNAI, India – Automakers Renault, its alliance partner Nissan Motor Co. and Hyundai Motor Co. face temporary factory closures in India due to growing unrest among workers concerned about rising COVID-19 infections. Workers at Renault-Nissan’s car plant in the southern …

Industry Veteran Charman to Retire from Sompo Int’l, Succeeded by Zurich’s Shea

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property/casualty insurance and reinsurance, announced that after eight years with the company and more than five decades in the industry, John Charman will retire from Sompo International at the end of …

Egypt Court Rejects Appeal to Release Giant Container Ship Seized by Suez Authority

An Egyptian court rejected an appeal by the owner of a giant container ship that blocked the Suez Canal to allow it to leave the country, as a legal dispute over compensation continues. Sunday’s ruling marked the second time Japan’s …

People Moves: Deloitte’s McIlquham to Acrisure; UIB’s Kassali to Willis Re; Peak Re’s Cheng to Acacia, Scope to Corant

This wrap-up of international People Moves details recent appointments at broker Acrisure; Willis Re; reinsurance investment firm Acacia Holdings Ltd., and Corant Global. A summary of these new hires follows here. Acrisure, the London-based insurance broker and fintech financial services …

Africa Specialty Risks Launches Parametric Underwriting Division

Africa Specialty Risks (ASR), the pan-African focused managing general agent, announced the launch of its parametric division, alongside the appointment of Dr. Raveem Ismail as head of Parametric Underwriting and Ian Bishop as Parametric Product manager. ASR Parametric brings together …

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