International & Reinsurance News for July 2022
- New Sustainability Rules Attacked for Protecting Profits Over Planet
- Howden Begins French Expansion With Acquisition of C.R.F. Conseils
- Barclays Hit With Race Discrimination Claims in London
- Euro Zone Growth, Inflation Accelerate but Recession Looms
- Lloyd’s of London’s Ascot, Marsh Provide Insurance for Ukraine Sea Corridor
- Industry’s Blockchain Project, B3i, Ceases to Trade After Filing for Insolvency
- EU Mulls New Unit With Antitrust Veterans to Enforce Tech Rules
- Global Natural Disasters Cost Insurers $34 Billion in H1 2022: Munich Re
- Reinsurer SCOR Reports H1 Loss of €239M Blamed on Ukraine War, Natural Disasters
- Reuters: EU Finds Evidence Employees’ Smartphones Compromised by Spyware
- G7 Countries Aim to Have Price Cap on Russia Oil Before Dec. 5, When Sanctions Kick In
- Greensill Capital Sued by 277 Former Employees Over Firm’s Collapse, Job Losses
- Corvus Insurance Opens Frankfurt Office
- Lloyd’s Insurers Preparing to Cover Ukraine Grain
- People Moves: Acrisure Re Hires Carpenter’s Furlong; HDI Global Specialty Promotes Button for Distribution & Biz Devel.; Tokio Marine Names Former QBE Exec for Board
- UK Insurers, Banks Risk Fines Under New Reforms Unless They Put Customers First
- Powerful 7.1 Magnitude Quake Hits Philippines, Killing at Least 4
- Natural Disasters Cost Insurers $39B During H1 2022, 18% More Than Average: Aon
- Brown & Brown’s GRP Acquires Insurance Portfolio of WM Brokers Ltd.
- People Moves: Howden RE Hires Former Carpenter Exec Thienel to Launch German Unit; MGA Alta Signa Appoints Kisters as Professional Indemnity Manager, Netherlands
- Alpine Glaciers Decline at Record Rates Following Heatwaves
- Record Temperatures, Wildfires Wreak Havoc on Europe’s Wineries and Vineyards
- Japanese Insurers Sell Heatstroke Coverage as Temperatures Soar to Record Levels
- Return of Coal as Alternative to Russian Gas Threatens European Firms’ ESG Ratings
- One-Quarter of Firms Operating at Lloyd’s Reach 35% Target for Women Leaders
- Australia on High Alert for Foot-and-Mouth Disease in Its Cattle Herds
- HSB (UK and Ireland) Creates Commercial Division to Streamline Service
- People Moves: AXA XL Names Ensurance’s Burgess as U/W, Construction, UK & Lloyd’s; Aon strengthens M&A and Transaction Team With 3 Hires
- BMS Re Acquires Mexican Surety Reinsurance Broker Calomex
- Fidelis to Launch New MGU That Writes More Than $3 Billion of GWP
- Update: Russia Confirms Missile Strike on Port of Odesa but Says Grain Deal Stands
- London’s Financial Center Struggles to Find Its Way in Post-Brexit Britain
- Insurers Weigh Covering Ukraine Grain Shipments After Deal to Re-open Black Sea Ports
- Europe Wildfire Damage Jumps 75%; Models Need More Development: Chaucer
- Ukraine, Russia Sign Deal to Reopen Grain Export Ports While War Continues to Rage
- Ukraine’s Grain Challenge: Clearing Mines, Finding Ships and Insurance, Trusting Putin
- Allianz Notes Rising Business Interruption Costs in Global Claims Report
- Luton Airport Runway Meltdown Shows That Airports Are Vulnerable to Climate Change
- Beazley’s H1 Profits Drop but Full-Year Outlook Rises on Cyber Premium Growth
- People Moves: Beazley Chair to Step Down; Miller Forms Farms & Estates Team With 2 Hires From Aon; AXA XL Names HDI’s White as Senior PI Underwriter
- OS Climate Launches Tools to Help Firms, Investors Make Climate-Friendly Decisions
- How Climate Change Drives Heatwaves and Wildfires
- Kids More Likely to Be Hospitalized From Off-Road Motorcycles Than Quad-Bikes: Study
- Analysis: Britain’s Proposed Post-Brexit Financial Services Law Underwhelms Industry
- People Moves: BHSI Enters Swiss Mkt., Names Metzger as Country Mgr.; AXA XL Promotes Shing for Casualty; Swiss Re Corporate Builds Inherent Defect Ins. Team
- Insurers Want Safety Assurances Before Covering Ships Sailing in Ukraine Grain Corridor
- Low Water Levels in Rhine River Could Have Similar Hit on German Economy as 2018
- Lost Luggage Claims Jump 30% Compared to Pre-Pandemic Levels: Mapfre
- Update: Climate Change Alarm Sounded as Wildfires Rage Across Europe
- Britain Initiates Post-Brexit ‘Transformation’ of Financial Services
- Nigeria to Continue $3.5 Billion Civil Claim Against Shell and Eni
- UK Jensten Group Acquires UK Broker Ravenhall Risk Solutions
- UK Regulator Pushes Insurers to Cut Premiums for Fire-Risk Apartments
- Arthur J. Gallagher & Co. Acquires Toronto’s Four Corners Group Inc.
- Tesla Sued in Germany Over Car Surveillance Cameras, Carbon Footprint Claims
- Update: UK Temperatures Hit Record High of 104°F
- Record Heatwave Scorches Europe, as Wildfires Continue to Rage in France, Spain
- New UK Finance Minister Targets Flexibility of Post-Brexit Financial Regs, Solvency II
- UK Regulator May Lack Bandwidth to Push Post-Brexit Competitiveness: Policymaker
- Crashed Ukrainian Cargo Plane Carried Shipment of Ammunition for Bangladesh
- Moore to Succeed Annandale as CEO of Argenta Syndicate Management Ltd.
- Nearly Half of UK Black Professionals Plan to Leave Their Jobs
- Professional Services Firm Davies Completes Acquisition of Asta at Lloyd’s
- ANZ Agrees to Buy Australian Insurer Suncorp’s Bank Operations for $3.3 Billion
- Malaysian Central Bank Sets 2023 Cutoff for Foreign Insurer Stake Sales: Sources
- Europe Battles Wildfires in Intense Heat That Scientists Blame on Climate Change
- China’s Tough COVID Policy Still Drags on Economy
- Scrutiny of Alibaba in Record Cyber Breach May Ensnare All China Tech
- EU Court Upholds Greece’s Claim to ‘Feta’ in Snub to Denmark
- ‘Red Extreme’ Warning Forecasts Exceptional Heat Wave Next Week for UK
- Gazprom Says Nord Stream Gas Pipeline Safety Depends on Turbine From Canada
- Allianz Aims to Grow Global Program Business with New Multinational Team
- People Moves: Aon Adds 3 to M&A; Shing Heads AXA XL International Casualty; UIB Marine Welcomes Waller
- Settlement Delays Likely to Worsen UK Motor Insurance Claims Inflation
- VW Sees EU Top Court Ruling Against Its Emissions Software as Confirmation
- Nordic Insurer Finds Longer, More Expensive Trips More Popular Now Than Before COVID
- Progress in Ukraine Grain Export Talks Reported; Sanctions, Insurance Among Issues
- People Moves: GCube Names Two in Underwriting; MS Amlin Adds Barnes to Marine; RiverStone Names M&A Head, Underwriter
- Court Orders 4 Ex-Tepco Execs to Pay $95B in Damages Over Fukushima Disaster
- The Global Urgency of Building the Carbon Removal Industry
- Insurance Industry Support of Carbon Removal Needed in Drive to Net Zero
- Broker NFP Forms Captive Manager in Canada
- Russia Pauses Seizure of Assets of Western Firms Exiting the Country
- Hong Kong Securities Chief Alder Named Chair of Financial Conduct Authority
- Specialty Insurer Mosaic Opens for Business in Canada With Fraser at Helm
- Report Finds Nearly 60% Jump in UK Households in Serious Financial Trouble
- Cinven Raises $1.5 Billion for Dedicated Insurance, Financial Services Fund
- German Insurtech wefox Raises $400M, Increasing Valuation to $4.5B
- WTW Acquires Climate Risk Analytics Firm Butterwire
- British Regulator Moves to Reform Standards for Corporate Financial Reporting
- People Moves: BHSI Names Guinea to Customer Post in Spain; Catalina Appoints New CEOs in Asia and U.S.
- Lloyd’s Prefers to Stay in Landmark London Headquarters, With the Right Terms
- Canada Recovering From Major Telecom Outage
- China Moves to Improve Domestic, International Standards Across Industries
- China Regulator Says Banks, Insurers to Go ‘All Out’ to Bolster Lending
- AM Best Keeps Negative Outlook on Mexico’s Insurance Industry
- U.S.-Based 3M Faces More Costs After $581M Chemical Cleanup Pact in Belgium
- People Moves: Lloyd’s Europe Hires Heugues From Ageas as Chief Underwriter; Parsyl Staffs London Marine Cargo Office
- UK Judges Clear Path for $7B Suit Against BHP Over Deadly Brazil Dam Collapse
- Insurance Losses From Sydney Floods Approach A$100M: ICA
- ECB Climate Stress Test Highlights $71 Billion Risk for Euro Zone Banks
- Miller Acquires Tokyo-Based Broker Lead Insurance Services
- People Moves: Chubb Global Markets Promotes Kirk to Head of Marine; WTW Hires PwC’s Tahir Thomson for Risk & Capital Mgmt.; BMS Names 4 Senior Leaders in Asia
- Dutch Airline KLM Sued by Environmental Groups Over Alleged ‘Greenwashing’ Ads
- Markets/Coverages: Lloyd’s Insurer Probitas Starts Underwriting Cyber
- Cybersecurity Firm Group-IB to Split Russian, International Businesses
- Ryan Specialty Expands European Presence With Launch of Madrid Office
- UK Government Chaos Sparks Fears in City of London of More Post-Brexit Limbo
- Ardonagh’s MGA Unit, Geo Underwriting, Acquires UK’s Lorega Holdings
- Luxury British Jeweler Pays $7.5 Million in Crypto Ransom to Russian Hackers
- People Moves: MS Amlin Names Liberty Mutual’s Baxter as Head of Reinsurance; DUAL Hires HDI’s Biemann for Cyber; Gallagher Re Taps Swiss Re’s Kreutzer for Nordic Region
- Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer Than Expected
- EU Lawmakers Pass Landmark Rules to Rein In Tech Giants, but Enforcement a Concern
- Tesla Software Glitch Affects 59,000 Vehicles Globally: German Road Traffic Agency
- Del Vecchio’s Successor Shares Same Vision for Building Generali Into European Leader
- UK Travel Insurance Policies May Not Cover Flight Disruptions Due to Strikes: Report
- Update: Heavy Rains Ease Over Sydney but Floods Continue to Force Evacuations
- Generali Completes Acquisition of La Médicale from Crédit Agricole Assurances
- Stricken Bulk Carrier Remains Stranded Near Sydney as Rescue Efforts Fail for 21 Crew
- Howden Buys New Zealand Broker Wallace McLean
- Ardonagh Europe to Acquire Léons Group in the Netherlands
- Italian Court Turns Down Request to Lift Freeze on Russian Businessman’s Yacht
- Typhoon Sinks Ship Southwest of Hong Kong, Killing at Least 12 Crewmembers
- What Is Causing Australia’s Incessant Rain?
- Shipowners That Still Transport Russian Crude Are Reaping Big Rewards
- Torrential Rain Brings More Flooding to Sydney, Forcing Thousands to Evacuate
- People Moves: Verisk Promotes Rayner to President of Specialty Business Solutions; Munich Re Appoints 2 Senior Leaders for Singapore and SE Asia
- Tropical Storm Bonnie Forms Near Nicaragua in Caribbean
- Florida Property Reinsurance Premiums Rise by as Much as 50%: Gallagher Re
- State-Controlled RNRC Says It Now Covers Nearly All Russian Reinsurance
- Climate Change Driving Extreme Heat and Flooding in 2022: Report
- Midyear Prop-Catastrophe Reinsurance Capacity Down for 1st Time in Decades: Aon
- Brand Appointed Group CEO of Convex
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