International & Reinsurance News for January 2023
- Rising Costs of Secondary Perils Force Reinsurers to Require Higher Attachment Points
- Investor Group Bans Carbon Removal Schemes From CO2 Reduction Plans
- Climate Disaster in Amazon Rainforest Could Cascade Across Earth, Study Finds
- New Zealand Braces for More Flooding From Another Rain Deluge
- India’s Digit Insurance to Refile Papers for $440M IPO After Regulator Raises Concerns
- Facebook Seeks to Block $3.7B UK Mass Action Over Market Dominance
- Markets/Coverages: WTW Launches Cyber Facility, Providing Excess Capacity Globally
- Intercontinental Exchange to Start Rival London Gas Market to Dodge EU Price Cap
- French (Yes, French) Executives Are the World’s Worst Workaholics: Survey
- Legal & General’s Wilson to Retire After Decade as CEO
- Insurers Hit With Thousands of Claims Following Storms and Floods in New Zealand
- CFOs Now Occupy Hottest Seat in Boardroom and Most Acute Labor Shortage
- British Financial Services Damaged by Slow Supervisors, Report Warns
- Amazon Rainforest Is Deteriorating Too Fast for Species and Climate to Adapt: Reports
- EU Eyes $100/Barrel Cap on Russian Premium Oil Products in Next Round of Sanctions
- British Motor Insurer Direct Line’s CEO James Steps Down
- Swiss Re’s CUO Léger Appointed CEO of SCOR, as Rousseau Steps Down
- Acrisure Re’s Facultative Team Expands Into Poland Via Partnership With Smartt Re
- Britain Sounds Alarm on Russia-Based Hacking Group
- Double Whammy of Insurance and Energy Costs to Trigger UK Insolvencies, PwC Warns
- Global Insured Losses From Natural Disasters Topped $130B in 2022 in 5th Costliest Year
- Miller Restructures Business Into 2 Divisions to Support UK and International Growth
- Twitter Sued in Germany in Bid to Force Vetting of Antisemitic Posts
- People Moves: Everest Insurance Int’l Hires Powell to Lead Financial Lines; Swiss Re Corporate Solutions Names Arquint CEO EMEA, Succeeding Kleiterp
- UK Parliament Seeks Power to Scrutinize Financial Services Regulators
- Qantas Mayday Alert, Flight Turnbacks Put Safety Reputation Under Spotlight
- No Class of 2023: Why Capital Is Sitting on the Reinsurance Sidelines
- Climate Is Forcing the Most Risk-Aware Industry to Reinvent Itself
- Hannover Re Transfers Cyber Risks to Capital Markets via Proportional Reinsurance
- People Moves: Generali GC&C Taps Former Tokio Marine Exec Kanu as CEO; BHSI Hires Aviva’s Major as UK Country Manager; Marsh Names Perry UK CEO, Credit Specialties
- Jan. 1 Renewals: ‘They Got Done’; Carrier Overreliance on Reinsurers Corrected
- UK Fails to Protect Menopausal Women in Workforce, Lawmakers’ Committee Says
- Remote Work Saves Global Commuters 72 Minutes a Day: Study
- Australia’s Health Care System Prime Target for Cyber Attackers: Minister
- Germany’s Commerzbank Sues EY for Losses Incurred in Wirecard Collapse
- MGA Arcadian Enters D&F Property Binding Agreement With Aviva for Worldwide Risks
- Howden Tiger Forms Broking Division by Aligning Facultative, Consortia, Facilities Teams
- Aircraft Leasing Companies Cautious About Risky Markets After $10B Hit in Russia
- Consilium Launches Cedent Facultative Reinsurance Division
- NFP Acquires UK’s Direct Safety Solutions
- UK Insurers Fear That Promised Brexit Capital Reforms Will Be Derailed
- Europe Braces for a Sharp, Abrupt Real Estate Reversal
- CEOs Face Challenge Over Sluggish Climate Efforts
- It’s Not Over: Tough Times to Persist for Reinsurance
- Cyber Attack Hits 1,000 Merchant Ships as Norway Firm Targeted
- Four Countries Urge EU to Set Date for New CO2-Emitting Trucks
- Davos 2023: Starmer Says No New UK Oil and Gas Fields Under a Labour Government
- Meta’s WhatsApp Fined 5.5M Euro by Lead EU Privacy Regulator
- Ransomware Attack Closes 300 Yum Brands Eateries in UK for a Day
- Major Aviation Insurer AXA Pulls Back on War Coverage After Ukraine Losses: Reuters
- 5 Killed, 8 Missing in China Chemical Plant Explosion
- Davos 2023: UBS Chairman Says Regulators’ ‘Eyes Off the Ball’ on Non-Banks
- Airbus Withdraws From U.S. FAA Boeing Safety Culture Panel
- Dutch Senate Expands Constitutional Ban on Discrimination
- Castlelake Launches Bermuda Reinsurer, Itasca Re, for Aircraft Assets
- Nepal Plane Crash Data Box Sent to France for Analysis
- Germany to Drop Mask Mandate in Long-Distance Transport Next Month
- Gallagher Acquires Retail Broker First Ireland Risk Management in Dublin
- Acrisure Acquires Affinity Brokers in Scotland
- Banker’s Heirs Sue Japanese Insurer Over Van Gogh’s ‘Sunflowers’
- Tesla Under Fire in Germany Over Union Concerns on Worker Safety, Contracts
- BMS Acquires Australian Specialist Austbrokers Coast to Coast
- Liberty Mutual Considers $1 Billion Latin America Sale
- Bank of England Worried New Insurance Capital Rules Could Risk Policyholder Bailout
- Germany Joins Opposition to EU Ban on Commission-Based Financial Products
- Canada’s Westland Insurance Acquires Broker RiskTech From Excel
- Fund Groups Warn Against EU Idea of Legally Defining ‘Greenwashing’
- Japan Indicates Delay of Fukushima Plant Water Release
- Nepal Locates Black Boxes of Aircraft After Deadliest Crash in 30 Years
- Amazon Faces Renewed Pressure From UK Lawmakers Over Warehouse Conditions
- Russia Criticizes Reuters Story on Russian Hackers Targeting U.S. Nuclear Scientists
- WTW Combines Asia and Australasia Into APAC Unit With Weaver as Head
- Ransomware Group With Links in Russia Behind Royal Mail Incident
- UK Review Advises ‘Step Change’ in Approach to Climate Change
- WTW Launches Online Platform for Aerospace Clients
- People Moves: Howden Italy Taps Aon’s Casini as CEO; BIBA Extends Evans’ Tenure as Chair; Sedgwick Promotes Simoncic to President, Property and International
- Mosaic Launches 7th Regional Underwriting Hub With Opening of Dubai Office
- Britain’s Royal Mail Faces Severe Disruption to Export Services After ‘Cyber Incident’
- France’s Verlingue Buys Broker Cabinet Depeyre and MGA Depeyre Solutions
- UK Financial Services Firms Fear Rise in Loan Defaults: CBI/PwC Survey
- Twitter Accused of ‘Sham Redundancy Process’ by UK Staff Targeted in Mass Firings
- British Motor Insurers’ Shares Fall Sharply as Direct Line Scraps Dividend
- Environmental Risks, Climate Change Ranked as Top Risks Facing Planet: WEF Survey
- Cat Bond Investors Demand Higher Premiums as Weather Becomes More Extreme
- Britain’s Satellite Launch Fails, but Virgin Orbit Expected to Try Again
- Hackers Hit Websites of Danish Central Bank and 7 Private Banks
- Banks Still Need to Learn Lessons from 2022 Crises: BoE
- Environmental, Social and Governance Credit Risks to Rise in 2023: Moody’s
- Ardonagh Specialty Joins Global Broking Network, Brokerslink
- Australia Proposes Plan to Make Biggest Polluters Slash Emissions
- UK Financial Services Firms Lead Europe in Push to Shrink Board Gender Gap
- Hurricanes and Floods Bring $120B in 2022 Insurance Losses: Munich Re
- Beazley Launches Global Re/insurance Market’s First Cyber Catastrophe Bond
- French Drugmaker Servier Appeals 2021 Convictions Connected to Weight-Loss Pill
- Russia’s Flagship Oil Sells at Half Global Prices, Below G7 Imposed Cap
- Amynta Group to Acquire Brit’s MGU Ambridge Group for $400M, Forms Capacity Deal
- People Moves: AXA XL Promotes Coxall to Head of U/W Mgmt, UK & Lloyd’s; LSM Hires BNP’s Faulkner to Lead Digital Strategy in Europe; MS Amlin Beefs Up U/W Team
- France’s Danone Faces Legal Action Over Plastic Use and Reporting Practices
- Ant Group Founder to Give Up Control in Major Overhaul of Chinese Fintech Giant
- Chinese Regulators Approve Capital Raise of $1.5B for Ant Group
- Black Sea Shipping Costs Rise on Higher War Risk Insurance, Reinsurer Exclusions
- France’s Hottest Year Was Also 2nd Driest, Putting Climate Pressure on Government
- People Moves: BHSI Promotes 3 in UK Exec & Professional Lines Team; Chubb Global Markets Taps AIG’s Collins as Head of Airline; bolttech Names Schädler CEO, Europe
- Insured Damages in Canada From Hurricane Fiona Now Top C$800M
- Duck Creek to Acquire Swiss Payments Platform, Imburse Payments
- Major Institutional Investors Ask Glencore to Justify Thermal Coal Development
- CIBC Ordered to Pay $848M in Damages to Cerberus; Plans Appeal
- Thailand Mandates COVID Insurance for Visitors From Some Nations
- Tory Peer-Linked Firm Supplied Unsafe Gowns During COVID, Health Department Alleges
- Markets/Coverages: CNA Hardy Offers Enhanced Product Suite for UK Tech Businesses
- People Moves: Aon Hires Fulciniti as Head of Strategy Execution for Commercial Risk Solutions, EMEA; DARAG Names Mathis Wagner and Pearson to Lead M&A in Europe, UK
- Specialist Risk Group to Acquire UK’s Fleet and Commercial
- Fidelis Completes MGU and Balance Sheet Split
- Chubb Launches Global Climate Business Unit
- European Cities Break Temperature Records in Winter Heat Wave
- January Renewals See Hardest Property Catastrophe Reinsurance Rates in Generation
- BMS to Get £355M Investment From PE Firm Eurazeo, Which Will Take BMS Stake
- Quebec’s French-First Law Stokes Alarm in Business Community Over Language Police
- Howden Buys Spanish Broker March Risk Solutions, Forms Alliance With Banca March
International & Reinsurance News Archives
