International & Reinsurance News

People Moves: Xceedance Names Tiwari President, EMEA/APAC; Chubb Climate+ Appoints Prunier for Int’l Operations; Howden Taps Aon’s Green for Property

This edition of International People Moves details appointments at Xceedance, Chubb, and Howden. A summary of these new hires follows here. Xceedance Names Tiwari President, EMEA & APAC Xceedance, the Boston-based provider of technology and digital solutions, claims services, and …

Greensill Sues Zurich Insurance for $400 Million to Recoup Losses

Greensill Bank AG’s administrators are seeking more than $400 million from Zurich Insurance Plc in London lawsuits to recoup the defunct lender’s losses on controversial investments linked to Credit Suisse and Liberty Commodities Ltd.. The administrators want Zurich to make …

Severe Convective Storms Top Insured Natural Disaster Losses in H1: Swiss Re

Global natural catastrophes cost insurers US$50 billion in the first half, (H1 2022: $48 billion), with most of the losses stemming from severe convective storms, according to Swiss Re. “Severe convective storms – storms associated with thunder, lightning, heavy rain, …

Meta Platforms Seeks to Stop Privacy Breach Fine in Norway

Meta Platforms is asking a court in Norway to stop a fine the Nordic country’s data regulator imposed on the owner of Facebook and Instagram for breaching users’ privacy, according to a court filing. Meta Platforms will be fined 1 …

Black Sea Exporters Struggle to Clear Danube Shipping Backlog

Dozens of ships are backed up around critical Danube arteries close to Ukraine’s river gateways days after Russian drone attacks on the country’s ports, shipping data showed on Tuesday. The river and its mouth are Ukraine’s last remaining waterborne grain …

Severn Trent Faces First UK Class Action Suit Over Sewage Pollution

Severn Trent Plc faces an environment class action lawsuit in London over allegations it abused its dominant position in the utilities market and underreported instances where it pumped sewage into open water. Law firm Leigh Day filed England’s first ever …

UK’s Voter Register Was Hacked. No One Noticed for 15 Months.

Hackers were able to access UK voter registers undetected for 15 months, the Electoral Commission said, raising questions about data security even as it played down fears about the impact on elections. “Hostile actors” could obtain the name and address …

Russia Turns to ‘Shadow Fleet’ to Move Grain, as Its Shipping Challenges Grow

Russia’s lack of ships and Western grain traders’ shrinking appetite for business with Moscow are adding to rising costs of moving Russian wheat, at a time when the war in Ukraine has spilled perilously close to vital Black Sea supply …

Bermuda Weighs Corporate Tax as Part of Global Minimum Tax Drive

Bermuda on Tuesday took steps toward adopting a corporate income tax as part of a move alongside nearly 140 other countries to overhaul tax regimes to deter large multinational companies from booking profits in the lowest-tax nations. The Bermudan government …

People Moves: BHSI Names AIG’s Bidmead for Transactional Liability; TransRe Announces Group of Promotions; CNA Hardy Appoints Sr. Underwriters for UK Marine

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Trans Re and CNA Hardy. A summary of these new hires follows here. BHSI Names AIG’s Bidmead as Head of Transactional Liability, Asia and Middle East …

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