International & Reinsurance News for April 2022
- SEC Sues Brazilian Miner Vale Over ‘False and Misleading’ Claims About Safety of Dams
- Update: Generali’s CEO Survives Leadership Challenge, but Rebels Take Board Seats
- Is AXIS Selling Its Reinsurance Business? Some Say: Where There’s Smoke, There’s Fire
- People Moves: AXA Reappoints Buberl as CEO; Gosset-Grainville Named Chair
- Russia May Be Forced to Cannibalize Half Its Planes for Spare Parts: Kommersant
- EasyJet Cancels Leases on Russia-Owned Jets in Rare Sanctions Anomaly
- Japan Officials Investigate Previous Accidents of Operator of Sunken Japan Tour Boat
- ‘Malicious’ Attacks on French Fiber Networks Cause Internet Outages
- Argo Group Exploring ‘Strategic Alternatives,’ Including Potential Sale
- Global Insurance Rates Continue to Moderate in Q1 – With the Exception of Cyber
- Ebix Europe Launches Exposure Management Platform: ExposureHub
- Lloyd’s Insurer Lancashire Sees Manageable Russia-Ukraine Losses
- Update: Who’s Who in Generali’s CEO Election Drama
- India’s ONGC Struggles to Ship Russian Oil to Asia as Sanctions Bite: Sources
- Exxon Mobil Declares Force Majeure on Its Russian Sakhalin-1 Operations
- Britain Proposes Post-Brexit Relaxation of Solvency II Capital Rules for Insurers
- ‘SLAPP’ Lawsuits Used by Rich and Powerful to Silence Critics Face EU Crackdown
- People Moves: Miller Taps RKH’s Malin, Marsh’s Gil Ramirez for Renewables Team; Chubb’s Haquette to Lead HDI Global’s France Branch Office
- Generali’s Shareholders to Decide CEO Donnet’s Fate at Friday’s AGM
- India Slashes Size of Mega Insurer’s IPO With Issue Opening Next Week
- Climate Change Could Put 4% of Global GDP at Risk by 2050: S&P Study
- Qatar Airways Suffers UK Court Setback in Feud With Airbus
- People Moves: Lockton Restructures Int’l Leadership; MGA Arcadian Promotes Barna for Transactional Liability; McGill and Partners Hires DARAG’s Hill for Structured Solutions
- London Market Continues to Benefit From Rising Rates and Other Tailwinds: AM Best
- Two-Thirds of Employees Might Seek New Jobs if Forced Back to Office: Global Survey
- Ferrari to Recall 2,222 Cars in China Over Potential Braking Fault
- Generali Investor Deka Will Vote for Current Management, Led by CEO Donnet
- Credit Suisse Investors Push for Faster Climate Action
- Air Lease to Write Off Value of 27 Jets Stranded in Russia
- Japan Begins Inquiries Into Missing Tourist Boat, With at Least 11 Dead
- Shell’s Board Faces Personal Liability for Failure to Cut Emissions: Environment Group
- Tech Giants Could Face Billions in Fines Under EU’s New Content Rules
- Climate Change Exacerbates Extreme Weather in Europe: Report
- Britain to Write Rules Forcing Companies to Publish Plans for Net Zero Transition
- People Moves: Lloyd’s Names Hernandez Mkt. Dev. Mgr., Central America; Chaucer Taps Argenta’s Sheppard for Renewables; H.W. Kaufman Promotes Kaufman Davis
- Ending Collateral Requirements for Non-U.S. Reinsurers – It’s Been a Long Time Coming
- Australia’s Westpac Banking Fined A$113M for Multiple Compliance Breaches
- Major Generali Investor Norges Backs Reappointment of CEO Donnet
- India Halves Fundraising Goal to $3.9B for Life Insurance Corp.’s IPO: Source
- Canada’s Housing Downturn Among Biggest Financial System Risks, Regulator Warns
- UK Seizes Funds Linked to $150M Fraud From Fintech Firm QPay
- Impounded Russian Tanker to Be Released by Greece Amid Confusion Over Sanctions
- Aspen Becomes 17th Insurer to Stop Insuring Canada’s Trans Mountain Pipeline
- People Moves: Miller Taps WTW’s Power, Besso’s Harvey for Professional Risks; Arch Insurance Int’l Appoints Underwriters Barattini and Smith
- Zurich’s Liès Named Chair of Insurance Development Forum’s Steering Committee
- Claims Inflation, Weakening Price Momentum Could Hit Reinsurer, London Mkt Profits
- U.S. Companies Warn China’s Data Rules Risk Creating ‘Digital Island’
- Medical Gear Deliveries to Russia Hit by Sanctions-Related Insurance, Transport Hurdles
- UK Car Insurance Premiums Reached 18-Month High in 1st Quarter: Survey
- Insured Losses From Eastern Australia Floods Estimated at A$4B: PERILS
- Explosion at Coking Coal Mine in Poland Kills at Least 5 People
- UK Regulator Sets Diversity Targets for Top Executives, Boards
- IMF Sees No ‘Bounce Back’ for Russia Economy, Expects More Damage if Sanctions Escalate
- Global Executives Want to Ditch Work From Home but Few Follow Their Own Advice
- Deliveroo Found Guilty, Fined for Abusing Riders’ Rights in France
- RMS Promotes Steel to General Manager, Succeeding White
- Swiss Re Secures $1.15B Stop-Loss Protection to Support Reinsurance Growth
- People Moves: TigerRisk Taps RenRe’s Everdell to Lead Casualty; HUB Promotes Chandani for Hospitality Specialty; Fidelis Names Brindle as Head of Sustainability
- UK CFOs Expect High Inflation to Cut Profit Margins: Deloitte Survey
- Oil Firms, Including ExxonMobil, Obtain Injunctions to Stop UK Climate Protests
- Update: Greece Seizes Russian Crude Oil Tanker as Part of EU Sanctions
- Everest Re Announces Death of Chief Risk Officer Mango
- UK’s Flood Re Launches Scheme to Help Homowners Raise Resilience Against Floods
- UK Homebuilders Commit More Than £2B to Fix Fire Safety Issues
- Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon
- SCOR Warns of Ukraine Conflict Impact on Q1 2022 Results
- Crypto Firms Being Targeted by North Korea Hackers, Warns DeFiance Capital Founder
- EU’s Tweak to Sanctions Allows Some Aircraft Lessors to Sell Stranded Jets to Russia
- Credit Agricole to Bid for Banco BPM’s Insurance Units, in Competition With AXA
- People Moves: QBE Re Names Barber Head of U.S. Treaty, Succeeding Larson; MNK Re Hires Pillay to Lead S. Africa Branch; Francis Promoted to MD, CFC Response
- Reuters – Oil Traders to Cut Russia Oil Purchases to Avoid Falling Foul of EU Sanctions
- Swiss Re Chairman Re-elected Despite Proxy Adviser’s Concerns About Diversity
- Staff at UK Financial Conduct Authority Vote to Strike Over ‘Unacceptable’ Pay Reforms
- Update: South Africa’s Deadliest Floods in 6 Decades Claim More Than 300 Lives
- Climate Change Exacerbates Africa Cyclones: Study
- Dutch Bank ABN Amro Apologizes for Historical Role in Slave Trade
- As Climate Disclosures Toughen, Corporate Laggards May Be Vulnerable to Lawsuits
- Howden to Acquire UK-Based SPF Private Clients
- Xenia Buys Majority Stake in Hong Kong’s Capstone Insurance Brokers
- Cops Struggle to Keep Up With ‘Staggering’ Levels of Crypto Seizures
- Credit Suisse Shareholders Advised Against Clearing Board of 2020 Liability
- Air Lease Says 21 Jets Stranded in Sanctions-Hit Russia
- Update: Climate Change Protesters Disrupt Lloyd’s Headquarters
- People Moves: Aon Names Ferreira LatAm CEO of Reinsurance Solutions; Fidelis Promotes Herget in D&F Property; MGA DUAL Europe Names Ghilosso as Chair
- Arthur J. Gallagher & Co. Acquires UK’s Churchills International Consulting
- NFP Acquires Dublin-Based ReSure Corporate Brokers
- Typhoon Megi Triggers Landslides in Philippines, Killing at Least 25 People
- Hong Kong-Based Digital Assets’ Insurer Weighs SPAC, Partners With Munich Re
- AXA in Talks to Buy Majority Stake in Banco BPM’s Insurance Units
- Chilean State Sues Mining Companies, Alleging Environmental Damage
- DHL Operated Boeing Jet Breaks in Two After Skidding Off Runway
- Societe Generale to Exit Russia With Sale of Stake in Rosbank and Insurance Units
- Senior EU Officials Targeted With Israeli Spyware: Sources
- Cost of Insurance for Merchant Ships Sailing to Black Sea Ports Spirals Out of Control
- Generali Shareholders Urged to Back Reappointment of CEO Donnet
- Malloy Departs SiriusPoint, a Year After Company’s Launch
- Secondary Perils Responsible for Growing Share of Disaster Claims: RMS
- New Lloyd’s Insurer Inigo Issues Inaugural Catastrophe Bond
- Greensill Capital Still Has $9.3B to Pay on Its Notes After Its Collapse a Year Ago
- Qatar Airways Says It Wasn’t Obliged to Accept Deliveries of Flawed Jets From Airbus
- Trudeau Hits Canadian Insurers and Banks With Billions in Extra Taxes
- Australia Should Force Firms to Report Human Rights Abuses in Anti-Slavery Law: Analyst
- Aircraft Lessors Seeing ‘Horrendous’ Hikes in Insurance Premiums: BOC Aviation
- People Moves: WTW Names Aon’s Day as Head of Int’l Property; TMK Hires Spyropoulos From Lloyd’s as Asia Regional MD; HDI Global Mexico Makes Management Changes
- Airbus, Qatar Airways’ Dispute Over Billions of Dollars of Jets Enters UK Court
- HDFC Bank’s $40B Bid to Buy Shareholder May Face India Reg Hurdles on Insurance Ops
- Russia Credit Insurance Signals Record 99% Chance of Default Within Year
- Rebel Generali Investor Could Mount Legal Challenge if Bid to Remake Board Fails
- People Moves: Aon Names WTW’s Kennedy to Lead UK Client Industry Sector; Miller Taps Alesco’s Hardcastle for DA; Mt. Logan Re Hires McBride for Biz Dev, Graham as CUO
- WTW Releases New Version of Radar Pricing Software
- Cities Drive Greenhouse Gas Emissions but Can Provide Solutions to Climate Change
- RenRe Launches Casualty, Specialty Venture for ILS Investors
- Major British Housebuilders Pledge to Remove Flammable Cladding
- Many Russian Ships Switch Flags to Other Countries, Possibly to Avoid Sanctions
- Dominica-Flagged Cargo Ship Sinks in Ukrainian Port of Mariupol After Missile Attack
- Reinsurers to Bear Brunt of Australia Flood Claims: AM Best
- People Moves: Beazley Names Head of Cyber Services – Int’l; RenaissanceRe Appoints Senior ESG, Climate Roles; Barr Joins Miller’s Specialist Credit and Political Risks Team
- Gallagher Bassett International Acquires UK-Based Claims Settlement Agencies Ltd.
- Canada’s StoneRidge Insurance Brokers Buys Generations Insurance Inc.
- New Global Standard Setter for Corporate Sustainability Drafts 1st Guidelines
- British Police, Probing Lapsus$ Hackers, Charge 2 Teenagers With Cyber Offenses
- Global Insurers Want to Increase Private Equity Investments, as Inflation Hits Portfolios
- Solar Storm to Hit Earth, Prompting Monitoring by Airlines, Electric Grid Operators
- Randall & Quilter Agrees to Acquisition by R&Q Shareholder Brickell for £482M
- Japanese Insurer Tokio Marine Says Greensill Obtained Policies Fraudulently
- Howden Acquires 2 Italian Brokers: Nord Est Insurance Broker and ASI
- Credit Suisse Warns Greensill Litigation Against Insurers, Debtors May Take 5 Years
- UK Brokerage Group Jensten Simplifies Corporate Structure, Brands
- Ships Face Power Blackouts After Receiving Contaminated Fuel in Singapore
- Inflation a ‘Major and Growing Concern’ for Reinsurers
- Thailand Revokes Licenses for Two P/C Insurers
- Mediterranean Marine Fuel Suppliers Stop Serving Russian Ships: Sources
- HSBC’s New Insurance Chief Executive Eyes ‘Crucial’ New Deals in China
- People Moves: AXIS Specialty Europe Names Mullarkey as CEO; SCOR Syndicate Appoints Arch’s Biggas as Active Underwriter
- Howden’s Motor Specialist MGA KGM Underwriting Acquires UK Motor MGA Eridge
- Property Catastrophe Reinsurers Show Greater Risk Appetites as Price Hikes Continue
- Ukraine to Guarantee Insurance Payouts to Cargo Ships Damaged at Its Danube Ports
- Zurich Insurance Accelerates Operational Net-Zero Target to 2030 Instead of 2050
- U.N. to Hold Companies to Their Net-Zero Pledges With Group of 16 Experts
- Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B
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