International & Reinsurance News for June 2022
- People Moves: AXA XL Promotes Dores for Int’l Financial Lines; BMS Builds Out Casualty With Hires From Tysers; WTW Taps RenRe’s Modhvadia for Structured Risk
- Markets/Coverages: Aon Incorporates Climate Science Into European Flood Models
- China Digital Campaign Used Social Media to Target Mining Firms: Report
- EU Antitrust Enforcers Accept Offer From Irish Insurers’ Association
- Turkish Insurers Seek Bond Issue to Protect Capital From Soaring Inflation
- Ariel Re Sponsors 6 Bermudian Students for Summer Internship Program
- EU Seeks Agreement on Ground-Breaking Regulations for Crypto Assets
- S&P Puts SiriusPoint on CreditWatch Neg. After CEO, COO Exits; SiriusPoint Comments
- People Moves: BMS Promotes Gormley to UK CEO; Schepers Named Head of WTW Insurance Consulting and Technology as Underwood Retires
- Mosaic Expands Summer Intern Program for Students in Bermuda, New York, London
- Probe Into Australia’s Mining Sector Uncovers ‘Horrific’ Sexual Abuses
- Carlyle Unit Assumes Full Risks of Operating Gas Field as Insurers Shun Black Sea
- People Moves: WTW’s Hires EY’s Mayers for Commercial Lines Pricing, Underwriting; Hiscox Names Flaquet to Newly Created Role of Group COO
- Marsh Launches Cyber Incident Management Service to Support UK, European Clients
- Arthur J. Gallagher & Co. Acquires UK Broker Erimus Group Ltd.
- China Launches Disaster Insurance Trials in 6 Cities Affected by Floods in 2021
- Seven Taiwanese Insurers Have Not Received Russian Eurobond Payments: Regulator
- UK Home Insurer Policy Expert Considers £1 Billion Sale
- Rise of Women to Top UK Financial Services Roles ‘Stagnating’
- Gallagher Re Launches Climate Risk Resilience Practice, Led by World Bank’s Bavandi
- People Moves: Miller Expands Into Media & Entertainment; Aon Re Names Carpenter’s Toffanello Head of Italy; SiriusPoint’s Sawyer Rejoins AXA XL for U.S. Casualty Re
- Europe Asset Managers Eye Halting Non-ESG Products to Meet Net-Zero Goals: Survey
- Generali Investor Del Vecchio Dies at 87
- G-7 Eyes Cap on Price of Russian Oil via Insurance, Shipping Restrictions
- Russia Defaults on Foreign-Currency Debt for 1st Time in More Than a Century
- Flood Alert in China’s Manufacturing Hub at Highest Level
- Emerging Risks: Quantum Computing, Lower Construction Quality, Legal Tech etc.
- Insurers Among Investors as Canada’s Brookfield Raises $15B for Climate Fund
- Gallagher Acquires Ireland’s INNOVU Group
- Argo Group Names Bradley CEO as Rehnberg Departs
- Ukraine Crop-Handling Port Damaged in Russian Attacks, Adding to Farm Sector Losses
- People Moves: Ed Broking’s Baird Takes Leadership Role at Aventum; Chubb Appoints AGCS’ Nicklin as Global Client Executive for UK, Ireland
- Financial Conduct Authority Fines JLT Specialty £7.8 million
- Markets/Coverages: Nexus Creates Financial Unit; PERILS Expands Its Japan Data; Amber Secures Digital Wallet Cover
- Russian Oil Tankers Get Their Safety Certification From India via Dubai Company
- Russian Commodities Traders Relocate to Dubai as Switzerland Tightens Sanctions
- UK Should Avoid Hasty Financial Services Reforms Following Brexit: Lawmakers
- Insurance Technology: BirdsEyeView Wins Funds for Parametric Cover; Audatex Adds Live Car Valuation Data
- Digital Insurer Startup Wefox Seeks Funding at Over $5 Billion Value
- Acrisure Acquires UK Independent Brokerage Russell Scanlan
- EU Balks at U.S. Plan to Use Insurance to Cap Russian Oil Prices
- Turkish Insurers Facing Severe Strain, Fitch Ratings Warns
- Renault and Nissan Face Legal Action in France Over Engine Problem
- Broker Miller Announces Hands Will Succeed Collins as CEO; Chair Clarke to Retire
- People Moves: Arch Insurance Int’l Names AXA XL’s Longley as Head of Professional Indemnity; WTW Direct & Facultative Taps AGCS’ De Jager for European Property
- MGA Rokstone Launches Parametric Insurance Product for Caribbean
- Flooding Inundates More of Bangladesh and India, Stranding Nearly 10M People
- ‘Stay Tuned’ for Word on Russian Oil Price-Cap Plan, Says Yellen
- Top EU Court Says Insurer Must Pay Spanish Claim in Galicia Oil Spill
- Floods in India, Bangladesh Leave Millions Homeless
- Canadian Oil Brokerage Denies ‘Toxic’ Workplace Claim, Files Countersuit
- Japan’s Government Not Liable for Damages From Fukushima Nuclear Disaster: Court
- VW Faces Scrutiny Over China Human Rights Violations With Insurance Implications
- Credit Suisse Rejects $515 Million Claim by Russian Businessman
- Sovcomflot’s Cargo Ships Fully Covered by Russian Insurers: CEO
- People Moves: Postlewhite Departs QBE Re; Lloyd’s Reappoints Chairman Carnegie-Brown; Liberty Specialty Appoints Pavie in France
- China Signals Ant’s Reemergence in Accepting Financial Holding Company Plan: Reuters
- Efma Rebranded as ‘Qorus’
- Winners of Innovation in Insurance Awards Excel in Customer Focus, AI, Sustainability
- Ukraine Grain Shippers Carve Out Alternative Export Routes via Baltic Sea
- Lloyd’s Broker Servca Launches Malta Office to Spearhead European Expansion
- BMS Acquires Australian Retail Broker SRG Group
- Ukraine’s Farming Industry Suffers $4.3 Billion in Damage From Russia’s Invasion
- People Moves: Miller Names Markel’s Duda for ILS in Bermuda; Howden LatAm Hires Hernandez as Regional General Counsel; Aon Appoints Parsons for UK Capital Advisory
- Satellite Images Reveal Extensive Damage at Major Ukraine Crop Port
- Derecho Storm Ranks as Canada’s 6th Largest Insured Loss on Record
- EU Aviation Watchdog Raises Alarm About Western-Made Aircraft Flying in Russia
- UK Lawmakers Warn About Watering Down Post-Brexit Financial Regulation
- Canada’s Axis Insurance Managers Acquires BMG Insurance Brokers
- UK Insurers Need to Consider Climate Change Risks: Accounting Watchdog
- China’s Zero-COVID Policies Prompt U.S. Firms in Shanghai to Cut Forecasts: Survey
- People Moves: WTW Asia Hires Aon’s Tilney, Promotes Nassaouati; DUAL Europe Names Allianz’s Wijchman as Commercial Dir.; Liberty GTS Promotes Lee as APAC Mgr.
- MGA Platform Pine Walk Launches Political Risk, Non-Payment MGA
- Canada Plans to Force Companies to Report Cyber Attacks, Fortify Cyber Systems
- EU Regulator Sees No Safety Problem With A350 Paint at Center of Legal Dispute
- Murder-Suicides by Pilots Are Increasing Share of Aviation Fatalities
- People Moves: McMurdo to Succeed Blanc as SCOR’s CEO of Reinsurance; HDI Global Promotes Hullin to Lead Industrial Lines Division After Wohlthat Retires
- Berkshire Hathaway Specialty Insurance Introduces D&O Insurance Policy in France
- Many Business Leaders Feel Unprepared for Growing Geopolitical Risks, Inflation
- Russia’s Sakhalin 1 Oil Operations Disrupted by Western Sanctions on Insurance: ONGC
- India’s LIC Loses $17 Billion in Market Value After IPO
- ESG Fund Bosses Hit by ‘Reckoning’ as Goldman, DWS in Crosshairs
- UK Pubs Group Sues Zurich, Liberty Mutual, MS Amlin for $1.2B Over COVID BI Losses
- WTW Enhances Climate Diagnostic Tool to Assist Climate-Related Reporting
- People Moves: SiriusPoint Names Heerasing UK Country Branch Mgr; Re/Insurer IQUW Offers Crisis Mgmt Product With Team Led by Talbot’s Atkinson
- City of London Workers Still Haven’t Returned to Offices at Pre-Omicron Levels
- Net-Zero Emissions Pledges by Big Global Companies Have ‘Credibility Gaps’: Report
- Black Sea Mine Removal Needed Before Ukraine Grain Can Be Shipped, Insurers Return
- France Narrows Gap on UK Financial Services Sector for Foreign Direct Investments
- Reuters: Russia’s State-Owned RNRC to Reinsure Russian Oil Shipments: Sources
- Historic Levels of Rainfall Cause Floods in Central China, Killing at Least 10
- Insurance Ban on Russian Tankers Could Help Cut Moscow’s Energy Revenues: Yellen
- African Insurers and Banks Form Alliance to Tackle Biodiversity Crisis
- Legal Technology Firm TCDI Agrees to Acquire Aon’s eDiscovery Practice
- World’s Biggest Re/Insurers Expanding in Africa, but Climate Change Could Hit Profits
- Beijing Gives Initial Green Light to Revive Ant Group’s IPO as Crackdown Eases: Sources
- QBE to Open Branch in Netherlands
- Generali Asset Management Unit Eyes Investments With U.S. Credit, Renewables’ Focus
- People Moves: Marsh Promotes Trueba to CEO of Marsh Spain; Markel Int’l Appoints Arch’s Dressler as Head of Warranty and Indemnity
- Removing Russian Sea Mines Near Key Ukraine Ports Could Take Months: U.N.
- Investors, Including Allianz and Swiss Re, Urge U.N. to Create Plan for Farm Emissions
- Hybrid Work Is Here to Stay for London Staff Who Don’t See Return to 5-Day Office Week
- Generali’s Long-Standing Shareholder Dispute Reignited by Vacant Board Seat
- Insurers Must Be Better Prepared for Impact of Climate Change: BoE
- Bangladesh Depot Fire Puts Spotlight on Country’s Industrial Safety Problems
- Plane-Crash Mysteries Prompt Renewed Calls for Cameras in Cockpits
- AXIS Exits Property Reinsurance to Focus on Specialty; Leadership Team Restructured
- Mauritius’ Biggest Insurer Seeks to Expand Market Share in East Africa
- People Moves: SiriusPoint Announces Appointments to Executive Leadership Team and Insurance & Services Segment
- How Crypto Giant Binance Became a Hub for Hackers, Fraudsters and Drug Traffickers
- Insurtech MGA Loadsure Offers Smart Annual Cargo Insurance
- Hedge Fund Elliott Sues London Metal Exchange for $456M Over Nickel Trading Halt
- UK-Based MGA iprism Adds AmTrust to Property Owners Panel
- People Moves: Beazley Announces MacCabe Retirement, Wheeler and Pereira Promotions for Int’l Mgmt. Liability; Gallagher Re Names 6 Senior Execs for APAC Region
- Greece Wildfire Threatens Homes Near Athens
- Ukraine Relocates Businesses From War Front to Protect Vital Producers
- Russia’s Rusal Files Suit Against Miner Rio Tinto Over Access to Alumina Refinery
- Massive Fire at Bangladesh Container Depot Kills at Least 28
- Google Ordered to Pay Former Australian Lawmaker for Defamatory YouTube Videos
- Australia Faces Growing Risk of Foot-and-Mouth Disease as Indonesia Outbreak Spreads
- Owners of Cars With Emissions ‘Defeat Devices’ Can Claim Damages: EU Court Adviser
- People Moves: NFP Appoints Markel’s Horsman as Head of Canadian National Broking; Insurer Openly Expands Reinsurance Division, Hiring Landi From Everest Re
- How to Insure the World’s Most Expensive Car? Hint: Like a Piece of Art
- American Chamber of Commerce Voices Concerns About EU Plan for Foreign Subsidies
- Allianz to Retain 49.9% Stake in Russian Operations After Sale to Interholding
- EU Gives Final Nod to Sanctions Targeting Russia’s Oil, Insurance, Sberbank
- Head of Deutsche Bank’s Asset Manager Steps Down After ‘Greenwashing’ Raids
- Climate Change Lawsuits Are Exploding Globally, but Court Wins Are Few
- People Moves: DUAL Europe Names 2 in Key Roles; Lockton Re Taps Aon’s Breslin for Capital Mkts.; Chubb Promotes Thompson for Int’l Personal Lines, Hernandez for A&H
- Hurricane Agatha Brings Flooding, Mudslides to Mexico, Killing at Least 11
- Menopause Discrimination Cases Are Rising in UK Employment Courts
- Berkshire Hathaway Specialty Insurance Opens Office in Lyon, France
- European Union Seeks to Coordinate Russian Oil Insurance Ban With G-7 Members
- ‘Big Four’ Audit Firms Targeted for Reforms in UK After Spate of Corporate Failures
- North Atlantic Hurricane Season Begins With Ripe Conditions for Above-Average Activity
- S&P Upgrades Fairfax Operating Subsidiaries to ‘A’; Outlook Stable
- Weird Rainfall Patterns in Europe Blamed on Climate Change
- EU Poised to Approve Sanctions Against Russia, Covering Oil, Banks and Insurance
- Lloyd’s Is Working With UK, Global Regulators to Implement Russia Sanctions
- Greenlight Re Invests in Insurtech That Provides Security Deposit Replacement Insurance
- Iran’s Seizure of 2 Greek Oil Tankers Adds Risk to Key Shipping Route
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