International & Reinsurance News for September 2022
- People Moves: AXA XL Reinsurance Promotes Twite to CEO, Bermuda; MGA Rokstone Hires 3 Engineering Underwriters From Globe
- Australia’s AUB Completes Acquisition of Lloyd’s Broker Tysers from PE Firm Odyssey
- India Regulator to Restart Review Process for IPO of Fairfax’s Digit Insurance: Sources
- Storm Noru Brings Floods to Thailand, Forcing 5,000 People to Seek Shelter
- Allianz’s Digital Investments Arm Acquires German Insurtech simplesurance
- Australian Police Aim to Protect 10,000 Optus Customers After Cyber Attack
- Hospitals, Utilities Face Highest Exposure to Risk of Cyber Attacks: Moody’s
- TotalEnergies Reports Unusual Drone Activity Near North Sea Oil & Gas Field
- People Moves: Canopius Names WTW’s Maitra as Group Head of Sustainability; Gallagher Re Hires Bangs and Swindell for Asia Pacific
- Specialty MGA Optio Launches MGA and Broking Operations in Dubai
- Soccer Injuries Cost Top UK, European Clubs More Than £500M Annually: Howden
- UK Insurers, Banks Told to Do More to Help Customers Struggling With Cost of Living
- How Methane Leaks Accelerate Global Warming
- Russia Gas Pipelines Now Have Four Leaks, Blamed by Some on Sabotage
- Optus Must Pay Cost of Replacing Hacked Customer Documents: Australia Government
- Taming Global Supply Chain Risks, Holistically
- QBE Sells Irish Casualty Renewal Rights to Ascot, as Part of Phased Withdrawal
- Acrisure Buys UK Broker CRK Commercial Insurance Services Ltd.
- Cyber MGA Resilience Launches UK Operation
- Typhoon Noru Makes Landall in Vietnam, Causing Floods, Property Damage
- Australian Police Probe Purported Ransomware Attack at Telecom Firm Optus
- EU Suspects Sabotage Is Cause of Leaks in Russia Gas Pipelines
- EU Draft Rules Would Make It Easier to Sue Drone Makers, AI Systems
- EU Weighs Ban on Shipping Russian Oil as Part of Price Cap
- People Moves: AXA XL Taps SCOR’s Croese for Energy & Construction Team, APAC & Europe; Berkshire Hathaway Specialty Insurance Promotes O’Neill and Reddin in Ireland
- Proposed Australian Law Would Make It Employers’ Job to Stop Sexual Harassment
- Gas Leaks in Russia-Europe Nord Stream Pipelines Raise Sabotage Fears
- Unidentified Drones Pose Risk of Accidents, Attacks at Oil & Gas Platforms: Norway Watchdog
- Bank of England Won’t Take ‘Risky Bets’ to Boost City of London’s Competitiveness
- EU to Add Bahamas to Its Tax Haven Blacklist, While Bermuda Is Removed
- People Moves: Gallagher Promotes Raven to CEO of Energy Team; SiriusPoint Names Heerasing Active U/W of Lloyd’s Syndicate; WTW Hires 3 Execs for Natural Resources
- Australia Plans to Toughen Privacy Rules After Massive Cyber Attack on Optus
- Global Financial Firms Reassess Risks of Operating in China if Taiwan Tensions Escalate
- Typhoon Noru Batters Philippines, Killing 5 and Leaving Millions Without Power
- Hurricane Fiona Hits Nova Scotia as One of Region’s Strongest Storms
- Orient Insurance Loses Bid to Recover Payout for Dubai Hotel Fire
- Collapse of Tailings Dam in South Africa Highlights Need for Global Regulations
- People Moves: Gallagher Hires Nexus’ Wright for Aerospace Practice; Aon Names Head of ESG Transaction Advisory Services; Sompo Int’l Taps Generali’s Chiurlo for Europe A&H
- Telecoms Firm Optus Warns Cyber Attack May Have Exposed Australian Clients’ Details
- Banks Face Risk of Being Sued if They Don’t Stick to Their Climate Goals: ECB
- Cities of Paris and New York Join Climate Litigation Against TotalEnergies
- Update: Hurricane Fiona Roars Toward Atlantic Canada as New Storm Threatens Florida
- People Moves: Strategic Risk Solutions Taps Marsh’s Meindersma to Lead Canada Expansion; Markel Int’l Promotes 3 in Wholesale Claims Leadership Team
- Britain Lifts Ban on Gas Fracking in England in Push for Energy Independence
- Dale Partners Ltd. Gets Regulatory Nod to Launch Lloyd’s Managing Agency
- Barbados Issues 1st Pandemic-Protected Bond, Which Also Covers Natural Disasters
- Markets/Coverages: BHSI Launches Multiple New Policies in Spain
- Hong Kong Insurer AIA in Talks to Buy Philippine’s MediCard: Sources
- Fortegra Receives UK Branch Authorization
- Update: Fiona Becomes Strongest 2022 Atlantic Hurricane, Threatening Bermuda, Canada
- Britain Proposes Reforms for Insuring Apartment Blocks After Deadly Grenfell Tower Fire
- Britain’s Haleon Rejects Potential Zantac Liabilities in U.S.
- Lockton Re Launches SAGE 2.0 to Boost Reinsurance Analytics
- People Moves: Miller Launches Delegated Authority Team in Canada, Hires 5 From Tysers
- ECB to Limit Purchases of Longer-Term Debt Issued by Climate Laggards
- Fairfax-Backed Digit Insurance’s IPO Put on Hold by Indian Watchdog
- People Moves: Chubb Global Mkts Promotes Jackson as Product Head of Mgmt Liability; Pesci Rejoins WTW in EMEA Reserving; IQUW Taps Beazley’s Bell, Brown for Property
- AM Best Viewpoint: The Value of MGAs in a Hardening Market
- Coalition of Insurers, Pension Funds Commit $7.1 Trillion to Support 1.5°C Climate Goal
- Chubb in Advanced Bancassurance Talks With Hong Kong’s Hang Seng Bank: Sources
- Mexico Struck by Powerful 7.5 Magnitude Earthquake on Fateful Anniversary
- Gallagher Re Taps Aon’s Bowen as Chief Science Officer; Aon Names Jursa CEO of Commercial Risk, Czech Republic; Gridel Joins Howden M&A to Lead Europe Biz Devel
- Howden Acquires Born Consulting AG in Switzerland
- Assets of World’s Largest Companies at Growing Risk of Climate Impact: S&P
- Powerful Typhoon Unleashes Torrential Rain, Floods, Winds in Japan
- Decade Old Climate Report Warned of Extreme Weather
- Traffic, Water Shortages, Now Floods: The Slow Death of India’s Tech Hub?
- EU Proposes Rules Targeting Cybersecurity Risks of Smart Devices
- Still Negative: S&P Isn’t Budging on Reinsurance Outlook
- 3M Belgian Settlement Signals Increased Risk of ‘Toxic Torts’ in Europe
- Bell Tolls at Lloyd’s for Queen Elizabeth II, Accession of King Charles III
- MGAs: An All-Weather Distribution Channel for Soft and Hard Markets
- People: IQUW Taps Lancashire’s Warburg as Head of Reinsurance, London; Gallagher Re Names Swiss Re’s Choniski as Head of Embedded Insurance
- Greek-Managed Vessel Shipped Coal From Russia Despite EU Sanctions
- Fire at E-scooter Showroom in India Kills 8, Adding to Vehicles’ Safety Concerns
- Singapore Plans Financial Services Overhaul to Boost Sustainable Finance, Reinsurance
- Lloyd’s Gives Green Light to Asta-Managed Trium Cyber Syndicate 1322
- Typhoon Muifa Pounds Eastern China With Strong Gales, Rain
- Acrisure Receives Nod From Lloyd’s to Launch Syndicate 1985, Managed by Asta
- Hong Kong Insurer FWD Refiles Application for Hong Kong IPO, Eyeing 2023 Listing
- Montenegro Wrestles With Massive Cyberattack, Russia Blamed
- People Moves: MS Amlin’s Beazley Named CEO of SCOR UK, SCOR Syndicate; Aon Reinsurance Solutions Hires Goodman as UK President
- Catastrophe Data Company PERILS Expands Coverage to Include European Flood
- Ports in Eastern China at Standstill as Typhoon Muifa Closes In
- Catalina Gets Lloyd’s ‘in Principle’ Approval to Launch Asta-Managed Syndicate 3232
- Google Faces Damages Claims of $25.4B in UK, Dutch Courts Over Adtech Practices
- Parties Scrapped, Bells Toll as UK Financial Services Sector Pays Respect to the Queen
- Property Catastrophe Reinsurance Entering a True Hard Market
- G7’s Price Cap on Russia Oil Takes Shape but Will Russia Sidestep Insurance Rules?
- People Moves: Everest Re Taps Nationwide’s Rudow as Head of Cyber Reinsurance; BMS Re Names McDowell as Bermuda CEO, Binetti as Head of Casualty Treaty
- Lockton Re Forms Capital Markets Unit
- MS Amlin AG to Rebrand as ‘MS Reinsurance’
- Autonomous Cars May Always Need Remote Human Supervisors, Experts Say
- Gallagher Re Launches Academic Research Center
- Typhoon Muifa Takes Aim at Asia’s Largest Port of Shanghai
- UK Says Energy Aid Will Cost Treasury Billions and Cut Inflation
- Underwriting No Longer Sole Path to Profit, Say Berkley Execs
- Lloyd’s Has Strong H1 Underwriting Profit, but Reports Overall Loss on Investment Hit
- South African Premiums to Rise as Insurers Face Growing Flood, Fire Risks: Sanlam
- Aon Launches Strategy and Technology Group, Aiming to Build Re/Insurer Resilience
- Westfield Enters International Specialty Market With Purchase of Argo’s Lloyd’s Syndicate
- Lloyd’s of London to Pay Some Staff £2,500 Cost-of-Living Bonus
- Web-Connected Devices May Have to Meet New EU Cybersecurity Rules
- UK Government to Pursue ‘Big Bang 2’ Reforms for City of London: New Chancellor
- AXIS Capital Launches Wholesale Division
- SiriusPoint Names Former RSA Executive Egan as CEO
- Pakistan Looks ‘Like a Sea’ After Devastating Floods: Prime Minister
- China Reopens Roads to Earthquake Epicenter, as Death Toll Rises
- EU Plans Price Cap on Russian Gas as Putin Threatens to Halt All Supplies
- Asian Insurer FWD Eyes Hong Kong IPO in 2023: Sources
- Europe’s Banks, Insurers Prepare for Potential Winter Power Cuts, Energy Rationing
- People Moves: BMS International Names Aon’s Gillett as CEO; Aon Taps WTW’s Bruce to Lead Climate Risk Consulting
- Typhoon Hinnamnor Rips Across South Korea’s Industrial Region, Killing at Least 2
- Cyber MGA Coalition Launches in UK Insurance Market
- Dutch Buildings Built on Wooden Piles Are Sinking After Drought Cuts Groundwater
- Global Reinsurers’ Capital Levels Drop by 11% During H1, Hit by Declines in Markets
- New UK Prime Minister Promises to ‘Unshackle’ City of London
- S. Korea Braces for Strongest Typhoon in Nation’s History With Major Damage Expected
- Sompo International Sells Run-off Business at Lloyd’s to Legacy Specialist RiverStone
- People Moves: Sompo Int’l Taps Zurich’s Brand as President, Continental Europe; HDI Global Specialty Promotes Candi in Italy Branch; DUAL APAC Promotes 2 Execs
- Brazilian Reinsurer IRB Raises $228.9M in Share Offering
- Cyber Attacks on Western European Firms on the Rise Since Ukraine War: Italy Minister
- G7 Expected to Advance Russia Oil Price Cap Plans With Insurance Playing Key Role
- Low Rate of Flood Insurance Cover Spells Danger as Climate Crisis Deepens
- Cargo Ship Beached After Collision in Bay of Gibraltar
- Italian Oil Giant Eni Hit by Cyber Attack
- EU Urged to Simplify Life for Companies by Aligning Climate Reporting With Int’l Rules
- London’s Financial Services Firms See Potential in Liz Truss’ ‘Radical’ Policies
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