International & Reinsurance News for December 2022
- Japan Insurers to Maintain Cover for LNG Vessels in Russian Waters
- Global Natural Catastrophe Insurance Losses Estimated at $112B in 2022: Carpenter
- 2022 Will Be UK’s Warmest Year on Record: Met Office
- How Will Japan Secure Shipping Insurance for Imports of Russian LNG?
- Exxon Sues to Force EU to Scrap New Windfall Profits Tax on Oil Companies
- Top 10 International Insurance Journal Stories of 2022
- AM Best Gives A+ Rating to PartnerRe’s New MGA-Driven Insurance Ops
- Ship Insurers’ Exodus From Russia-Ukraine Risks Gathers Momentum
- London Law Firms Face Reckoning in 2023 After Big Salary Hikes This Year
- Overseas Companies Welcome China’s Decision to End Quarantines for Visitors
- North Korea Hackers Stole $1.2B in Virtual Assets Over 5 Years: Spy Agency
- Putin Bans Russian Oil Exports to Countries Implementing Sanctions-Related Price Cap
- Ship Insurers to Cancel War Risk Cover for Russia, Ukraine Following Reinsurer Exit
- Japan’s LNG Buyers Assess How Insurance Halt Will Affect Supplies
- Russian Airlines Explore Buying Stranded Jets From Western Leasing Firms
- Credit Agricole Strikes Long-Term Bancassurance Deal with Banco BPM
- Japan Urges Its Insurers to Retain Marine War Cover for LNG Shippers in Russian Waters
- People Moves: Sompo Int’l Taps Berkshire’s Crozier for UK Casualty; AXA XL Re Promotes Abend for Bermuda Property; Gallagher Re Names Senior Leaders in Holland
- Howden Acquires Italian TV and Film Broker Assimovie
- Chinese Electric Automaker Nio Hit by Ransomware Attack
- Verisk to Acquire Swedish Claims Insurtech Mavera
- UK Insurers, Banks Hope for Substantive Financial Services Reforms in 2023
- Insurance Rates to Stay Flat for Shipments of Ukraine Grain: Lloyd’s Insurer Ascot
- Investigators Probe Failure of Italy’s Vega C Rocket; Satellite Insurers Expect Profit Hit
- Arthur J. Gallagher Acquiring Brazilian Broker Interbrok
- White Mountains Subsidiary Ark Sponsors Prop-Cat Re Sidecar
- AXIS CEO Benchimol to Retire; Tizzio to Succeed
- Exxon Avoids Hiring Tankers That Previously Transported Russian Oil
- Philips Says Tests on Recalled Respiratory Devices Show Limited Health Risks
- Sompo Int’l Completes Sale of Lloyd’s Run-off Business to Legacy Specialist RiverStone
- EU Forms Landmark Deal to Bolster Carbon Market as Centerpiece of Green Strategy
- EU Unity Over Russia Sanctions Falters as Europe’s Economy Weakens
- Fund Managers Frustrated Over Confusing ESG Regulations
- Biodiversity Emerges as New Risk for Asset Managers After UN Summit
- Insurers May Refuse to Cover Planes, Ships Exposed to Ukraine Conflict: Sources
- UK MGA Pen Underwriting Launches Claims Hub Dedicated to Property, Liability
- German Authorities Recover Significant Part of Haul From 2019 Jewelry Heist
- Binance’s Books Are Black Box, Filings Show, as Crypto Giant Tries to Rally Confidence: Reuters
- Insurers Denying Coverage to FTX-Linked Crypto Firms as Contagion Risk Mounts
- People Moves: Markel Int’l Promotes Green to Head of U/W Risk, Higgins to Head of Cat Mgmt; Fidelis Promotes 3 Senior Leaders Mathias, Bellamy and Davern
- Munich Re to Launch Specialty Insurance Division
- RiverStone Enters Loss Portfolio Transfer Reinsurance Agreement With AXIS Capital
- Could G-7 Sanctions Against Russia Have Unintended Insurance Consequences?
- Oil Tanker Owners Show Signs of Shunning Russia’s Crude in Response to G-7 Sanctions
- Markets/Coverages: QBE Europe Launches Warranty & Indemnity Product; Miller Launches D&O Product for UK Construction Sector
- Ship Reinsurers to Cease Covering War-Related Risks Related to Conflict in Ukraine
- People Moves: Int’l Underwriting Assoc. Names LSM’s Hobbs as Chair, Succeeding Kuchinski; Howden Appoints Lehmann as Head of Climate Analytics
- Kuczinski to Retire as CEO of Munich Re US P&C Companies
- D&O Buyers See More Capacity, Competitive Conditions, but Risk Factors Loom: Allianz
- City of London Workers Pushing for Cross-Border Remote Working: Survey
- Arthur J. Gallagher & Co. Acquires Aviation Insurance Australia
- Rising Climate Costs to Challenge Companies, Countries in 2023
- Jensten Group Acquires UK Specialist Broker Basil Fry & Co.
- TPG Telecom Joins Growing List of Australian Companies Hit by Cyber Attacks
- Aston Lark Buys Commercial Direct Marine Trade Book From Navigators & General
- 3M Faces Claim in Netherlands Over ‘Forever Chemicals’ Pollution
- Abu Dhabi’s ADQ Leads Consortium to Buy Stake in Israel’s Phoenix Group
- Meta Platforms Accused in Lawsuit of Amplifying Hate Speech in Africa
- Underwriting the Transition: Chaucer, Moody’s Break New Ground With ESG Scorecard
- Climate Change Could Cost Pension Funds Billions of Euros: EU Watchdog
- UK Non-Bank Institutions (Such as Insurers) Face 1st Stress Test After Pensions Turmoil
- Generali Raises Projected Profit Boost From Purchase of Cattolica
- Insurers and Turkey Reach Deal to Let Oil Tankers Sail Unhindered: Norway’s Gard
- Indian Tycoon Birla Weighs Selling Insurance Brokerage Unit: Sources
- FTX Founder Bankman-Fried Arrested in Bahamas at Behest of U.S. Prosecutors
- Russia Insurer Ingosstrakh Has No Plans to Fill Insurance Gap Caused by Sanctions
- UK’s Post-Brexit Financial Services Reforms Fall Short of Promised ‘Big Bang’
- People Moves: Lloyd’s Elects Aon’s Dudley as Council Member, Succeeding Christian; CNA Canada Promotes Detablan as VP, Specialty & Risk Managed Casualty
- Chubb to Launch Technology Hub in Thessaloniki, Greece
- Australia’s Financial Services Firms Failing to Narrow Gender Pay Gap: Report
- Hong Kong Tycoon Richard Li Weighs $200M Investment in Insurer FWD: Sources
- Insurance-Related Oil Tanker Backlog Starts to Clear in Turkey’s Vital Shipping Strait
- Santander Fined £108 Million by UK Watchdog for Lax Money-Laundering Controls
- People Moves: Chubb Global Mkts Promotes O’Brien to Head of Cargo; AXIS Promotes Maher to Head of Cyber and Technology, London
- Jensten Acquires Specialist Motor Trade Broker Bellegrove
- G7 Price Cap on Russia Oil Not to Blame for Tanker Queues: EU Says
- Sanctions, Insurance Standoff Escalates, With More Oil Tankers Stuck in Turkish Strait
- Zurich Insurance Emerges as Front-Runner to Buy MetLife’s Malaysia Business
- Sunshine Insurance Declines in Hong Kong Trading Debut
- European Central Bank Urgently Seeks Regulation After Multiple Crypto Bubbles Burst
- People Moves: SiriusPoint Appoints New International Leadership Team, Naming RSA’s Gibb as President; Hampden Agencies’ CEO Smith to Retire, Succeeded by Wood
- Collapse of FTX Provides ‘Sobering Warning’ for Insurers About Governance Failings
- Credit Suisse Clears 1st Hurdle Toward $440M Greensill Lawsuit Against SoftBank
- G-7’s Price Ceiling on Russia Oil Isn’t Low Enough to Hit Putin’s War Budget: Economists
- Millions of Barrels of Oil Stuck Near Turkey on Sanctions-Related Insurance Glitch
- Generali Plans Sale of €20B Italian Life Portfolio, Aiming to Improve Profits: Sources
- Oil Tanker Clears Turkish Shipping Logjam With Letter From Russian Insurer: Document
- COVID Infections Boost Heart-Related Deaths, Top Africa Health Insurer Says
- World Bank Seeks to Restart Cat Bond Issuance to Boost Emerging Nations’ Resilience
- BMS Acquires Spanish Specialty Broker Eisenar
- People Moves: Bailey Named Chair of Aon UK Ltd. Board; AXA XL Promotes Casby to Head of Upstream Energy, UK & Lloyd’s
- Eruption of Indonesia’s Highest Volcano Buries Homes, Destroys Bridge
- Former Wirecard Executives in the Dock as Germany’s Biggest Fraud Trial Begins
- Xenia to Buy UK Trade Credit Insurance Broker Linda Scott Associates
- Russia Oil Sanctions Fuel Boom for Old Tankers
- Russian State-Owned Bank VTB Hit by Massive Distributed-Denial-of-Service Attack
- China’s Sunshine Insurance Leans Toward Pricing HK IPO at Bottom of Marketed Range
- Turkey’s Proof-of-Insurance Rule Ensnares Russian Oil Shipments
- Data on Natural Disaster Risks Crucial for Australia’s Climate Resilience
- MGA Pixel Re Launched for Global Property, Energy Risks of $500M and Above
- Many Ethnic Minorities in UK Financial Services Face Racism, Discrimination: Survey
- Ardonagh Advisory Acquires UK Broker The Professional Indemnity Co.
- Here’s What You Need to Know About Russia Oil Sanctions, Effective Dec. 5
- EU Agrees to $60 Price Cap for Russian Oil, Allowing Buyers to Access Insurance
- People Moves: Aon’s Mason Expands Leadership Role in UK; Chubb Appoints AIG’s Madden for Financial Lines; Sedgwick Names Leif Hansen as CEO Nordic Region
- EU Takes ‘First Step’ to Certify Removals of Carbon Dioxide From Atmosphere
- Swiss Gov’t Seeks Mandatory Reporting of Cyberattacks on Key Infrastructure
- After FTX Collapse, Pressure Builds for Tougher Rules for Cryptocurrencies
- Record UK Bird Flu Outbreak Wipes Out Half of Free-Range Turkeys
- KKR Used Equity Rather Than Debt to Fund Acquisition of Broker April Group
- UK ‘Just Getting Started’ on Post-Brexit Boost to London’s Competitiveness: Minister
- People Moves: Convex Re Bermuda Names AXA XL’s Simons Deputy CEO, Promotes Slater to CUO; AGCS Promotes Zschech to Head of Industry Solutions & Client Mgmt
- Google Sued in UK by 130,000 Alleged Victims of Its Online Advertising Dominance
- Howden Acquires Australian Specialty Broker AlphaXO Risk Partners
- Dutch Court Denies RWE and Uniper Compensation for Closure of Coal-Fired Plants
International & Reinsurance News Archives