International & Reinsurance News for August 2023
- Arthur J. Gallagher & Co. Acquires Canadian Consultant Horn
- Japan Faces Another Typhoon With Trains, Hundreds of Flights Canceled
- Shippers Warned to Stay Away From Iranian Waters as US-Iran Tensions Run High
- Australia’s Climate Risks Are Making Home Insurance Unaffordable
- Ukraine Starts Registering Ships for Black Sea Corridor: Agency
- Russian Warship Fires Warning Shots at Cargo Ship in Black Sea
- People Moves: WTW Hires Bryce From Magnes for Personal Lines, Canada; Markel Taps PwC’s Feng as Warranty & Indemnity U/W; RSA Names Godfrey as Transformation Dir.
- Antarctica Risks ‘Cascades of Extreme Events’ as Earth Warms: Study
- Growing ‘Greenlash’ Fuels Fears for Europe’s Environmental Ambitions
- Update: Train Derails in Swiss Gotthard Tunnel, Halting Key Freight Route
- Ukraine Announces ‘Humanitarian Corridor’ for Ships Stuck in Black Sea Ports
- Global Insurance M&A Drops Sharply in First Half 2023
- Hedge Fund Manager Loeb Agrees to Hold Off Attempts to Take SiriusPoint Private
- Allianz Q2 Profit Jumps 7.1% on Higher Results from US Life & Health Insurance
- Update: Zurich Insurance CEO Criticizes Climate Alliances After Exodus
- Lloyd’s Leads Insurers in Raising Rates, Cutting Taiwan Cover as Conflict Risks Rise
- Norwegian River Dam Partly Collapses After Floods
- Fake Job Offer Opened Door to Suspected North Korean Crypto Hack
- Markets/Coverages: Howden Offers Blended Policy for PI, Crime and Cyber Liability
- Catastrophe Bond Funds Ranked Among 2023’s Top-Performing Credit Funds
- People Moves: Xceedance Names Tiwari President, EMEA/APAC; Chubb Climate+ Appoints Prunier for Int’l Operations; Howden Taps Aon’s Green for Property
- Greensill Sues Zurich Insurance for $400 Million to Recoup Losses
- Severe Convective Storms Top Insured Natural Disaster Losses in H1: Swiss Re
- Meta Platforms Seeks to Stop Privacy Breach Fine in Norway
- Black Sea Exporters Struggle to Clear Danube Shipping Backlog
- Severn Trent Faces First UK Class Action Suit Over Sewage Pollution
- UK’s Voter Register Was Hacked. No One Noticed for 15 Months.
- Russia Turns to ‘Shadow Fleet’ to Move Grain, as Its Shipping Challenges Grow
- Bermuda Weighs Corporate Tax as Part of Global Minimum Tax Drive
- People Moves: BHSI Names AIG’s Bidmead for Transactional Liability; TransRe Announces Group of Promotions; CNA Hardy Appoints Sr. Underwriters for UK Marine
- Insured Loss Estimate for Turkey Earthquake Rises to US$3.4 Billion: PERILS
- More ESG Lawsuits on the Horizon as Investors Jump on UK Law
- Vale Loses Bid to Block BHP’s London Lawsuit in Brazil Dam Case
- Japan Cannot Confirm Security Leak After Report Says China Hacked Defense Networks
- Japan Competition Watchdog Probes Insurers Over Price Fixing
- Ukraine’s Drone Attack Hasn’t Yet Jolted Insurance Costs for Black Sea Oil Carriers
- Britain to Create New Regime to Deal With Big Insurance Company Failures
- Howden’s DUAL Acquires Equestrian Specialist MGA David Ashby Underwriting
- SiriusPoint Announces Partnership with P/C MGA Eaton Gate
- Australia Cracks Down on Promoters of Dodgy Tax Schemes After PwC Leak Scandal
- Sweden’s Ericsson Sued by 37 Shareholders for $170M: Media Report
- Slovenia Suffers Its Worst-Ever Floods; Damage Could Top €500M, Prime Minister Says
- Japan to Release Fukushima Water as Soon as August: Reports
- Ukraine Black Sea Attacks Signal Expanding War; Russia Insurance Costs Likely to Rise
- Slovenia Hit by Worst Floods in More Than a Decade, Killing Several People
- Romania Expects to Clear Danube Logjam After Ukraine Attack; Insurers Remain Wary
- Broker Verlingue Expands UK Footprint With Acquisition of Brunsdon Employee Benefits
- Swiss Re H1 Net Income Surges to $1.4B on Lower Natural Catastrophe Losses
- UK Seeks to Boost Defenses for Potential Infrastructure Attacks
- Ukraine Weighs Insuring Ships Going via ‘Grain Corridor’: Interfax-Ukraine
- AXA Agrees to Purchase Laya Healthcare From AIG for €650 Million
- Russia Strikes Ukraine’s Danube Port. Kyiv Says Aim Is to Intimidate Insurers, Shippers.
- Beijing Hit With Heaviest Rainfall in at Least 140 Years
- Cyberattack on Norway Ministries Lasted at Least Four Months
- France’s AFP Sues Musk’s X Social Media, Citing Refusal to Discuss Payment for News
- Ratings Firms Struggle With Climate Risk in $133 Trillion Market
- Europeans Lack Insurance Protection as Wildfires and Drought Batter the Region
- People Moves: Miller Taps Marsh’s Holloway as Head of Europe; HSB Canada Names Walker Chief Distribution Officer; HDI’s UK & Ireland Branch Announces Key Hires
- Europe’s Most Important Trade Route Is at Risk From Climate Change
- Japan Casualty Insurers’ Shares Sink on Concerns Over Suspected Price Fixing
- 2 Investors Take Minority Stake in Mosaic Insurance, Providing Capital for Growth
- Re/insurance Broker Consilium Granted License in Cayman Islands
- Point of No Return? Australians Fight for the Right to Work Permanently From Home
- Fintech Vesttoo to Slash Jobs After Fake Collateral Scandal
- Hard Market Game Refuses to End: Arch Capital CEO
- Swedish Mining Firm Exempted From Paying Compensation for Toxic Spill in Spain in ’98
- People Moves: Marsh Promotes Duca to Global Head of Credit Specialties; Howden Names Agarwal CEO, Howden India, as Vashista Becomes Chairman
- MGA Pen Underwriting Creates Standalone Financial Lines & Specialist Liability Division
- Rain Pelts Beijing, Northern China, Causing Floods and Claiming at Least 11 Lives
- Viewpoint: Innovation Trends Through the Lens of Qorus-Accenture Innovation Awards
- Aircraft Lessors Aim for June 2024 Trial Over Contested Russia Insurance Claims
- Diverging Cyber Cat Model Results Challenge Underwriters’ Risk Analysis: Guy Carpenter
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