International & Reinsurance News for April 2021
- People Moves: Berkley Re UK Names Himmer; RSG Transactional Risks Adds Schiener
- UK Supreme Court Urged to Allow Privacy Class Action Against Google
- EU Seeks Review of GMO Rules for Gene-Edited Crops
- Liberty Mutual Weighing Options, Delays Australian Coal Mine Project
- H.W. Kaufman Expands in Europe, Adding Amsterdam Office, London Healthcare Unit
- CFC to Launch Lloyd’s Syndicate with Asta as Manager
- China Continues Crackdown on Fintech Firms
- London MGA Optio Acquires Nuclear Insurance Specialist MGA Northcourt
- U.S.-Style Google iPhone Privacy Case Viewed as a Landmark for UK Class Actions
- China Drafts Rules on Security of Data From Connected Vehicles
- Unhappy Investor Caltagirone to Snub Generali Meeting
- EPA to Investigate U.S. Virgin Islands Refinery Incidents
- Global Aviation Safety Campaign Targets ‘Bunch of Garbage’ to Ease Pilot Overload
- Toyota Constructs a Sensor-Laden Entire City to Test Its Self-Driving Cars
- EU Set to Approve Aon-Willis Merger; More Concessions Unlikely: Reuters
- P/C Insurance Firms Lead as Global Insurtech Investment Soars to $2.55B in Q1
- Fairfax Commits $5 Million for COVID-19 Relief in India
- 3-Month TD Bank Trial in $4.5B Stanford Ponzi Scheme Closes
- German Vaccine Maker Says Waivers for Vaccines Not Right Approach
- Insurers, Other Financial Firms Lag in Climate Disclosure for Investors
- UK Is First Country to Green Light Self-Driving Cars on Motorways
- Bankers Call for More ‘Bang’ to Boost London’s Competitiveness
- EU Inquires About 9 Potential Buyers of Assets in Aon-Willis Deal
- China Reports Tanker Crash, Oil Spill in Yellow Sea
- Effects of Bolsonaro’s Intervention in Brazil’s State Insurance Firm IPO: Analysis
- Shipping Containers Plunge Overboard as Supply Race Raises Risks
- Suez Canal Chief Hopes Insurer, Owner of Detained Cargo Ship Reach Deal
- Europe’s Hopes for Digital Health Passports Face Security, Fraud, Political Challenges
- London’s NuVenture to Support MGAs with Funding,Technology
- Greensill Creditors OK Australian Liquidation; Further Investigations Expected
- EU Privacy Supervisor Urges Ban on Facial Recognition Software
- Virgin Island Officials Investigating St. Croix Refinery Emissions
- Climate Change Activists Protest at Lloyd’s of London, Dumping a Load of ‘Coal’
- Cyber Attacks and Data Loss Are Top 2 Risks Facing Directors & Officers: WTW Survey
- Insurer for Ever Given Container Ship Appeals Detention by Egypt After Suez Grounding
- Lloyd’s Receives ‘AA-‘ from Its New Rating Agency KBRA
- Up to 40% of Losses from Frost Damage at French Vineyards Are Uninsured
- Ex-Deloitte Auditor Faces Disciplinary Action for Improper Audit of S. Africa’s Steinhoff
- AM Best Revises Outlooks to Positive for Convex Group’s Subsidiaries
- Climate Change Could Cut Global GDP by 18% by 2050 – If Nothing Is Done: Swiss Re
- People Moves: AXA XL’s Hiscock to AXIS; Carpenter Promotes Gaudron, Hires Willis Re’s den Boer; Dahlmann at Marsh; Forder to Dale Underwriting
- Philippine Rescuers Find Bodies of 4 Crew Members of Abandoned Cargo Ship; 9 Missing
- AXA XL Partners with SpaceAble to Support Operators with Satellites in Low Earth Orbit
- Argo Group Estimates Q1 2021 Catastrophe Losses of $47 Million
- EU Announces Tough Draft Rules on Use of Artificial Intelligence
- Reinsurers Remain Resilient Despite P/C Underwriting Losses in 2020
- Insurers Prefer Private Equity Investments over Hedge Funds: Survey
- Howden to Acquire Spain’s Largest Independent Broker, ARTAI
- Cape Town Wildfire Largely Contained; Damage Assessment Begins
- People Moves: Liberty Specialty Promotes Warren; GC FAC’s Smith to Miller; Everest’s Geddes to MS Amlin; Pro Global Hires; Generali Promotions
- Chinese Military Reported to Be Behind Japan Cyber Attacks
- Bank of England Warns of Potential Risks from Cloud Data Providers
- Insurers Warn that Drivers May Not Understand Limits of ‘Automated’ Car Technology
- Tech Provider FintechOS Raises US$60M to Fuel Global Expansion
- Canadian MGA GroupAssur Merges with Evolution Insurance
- TikTok Faces Damages Claim Worth Billions in London Child-Privacy Lawsuit
- J&J to Resume Shipments of COVID-19 Vaccine to EU with Safety Warning
- ABN AMRO Agrees to Pay $574M Fine for Failing to Tackle Money Laundering
- Price Forbes Aviation Launches Digital General Aviation Facility
- Broker Howden Launches Retail Operation in Switzerland, with Aon’s Jenny as CEO
- UK Car Insurance Premiums Drop to Lowest Level Since 2015: WTW Survey
- Kenya Startup Pula Offers Insurance to African Farmers Hit by Effects of Climate Change
- South Africa to Launch Compensation Fund to Allay Vaccine Makers’ Liability Concerns
- Everest Re Estimates Q1 2021 Catastrophe Losses of $260 Million
- Hungary’s Surprise Veto of $1B Aegon Deal with Vienna Insurance Sparks Dutch Outcry
- Wildfire on Cape Town’s Table Mountain Rages Out of Control
- Cyber Attacks on the Rise for Businesses, Pushing Many to the Brink: Hiscox
- Arch Capital Estimates Q1 Catastrophe Losses Could Reach $190 Million
- Helix Underwriting to Write Excess Casualty, Forming Agency Agreement with Watford
- China Launches 1st Class-Action Lawsuit as Regulators Vow to Fight Accounting Fraud
- Guy Carpenter Names Co-Heads of Cyber, Hiring Swiss Re’s Cordonnier, Promoting Davis
- Arthur J. Gallagher Invests in Broker ACE via Partnership with Dubai’s MIG Group
- SCOR Reports 4.3% Increase in Reinsurance Prices During April Renewals
- China’s Ant Eyes Options to Divest Founder’s Stake as Beijing Pressure Grows: Sources
- Praedicat Launches Risk Scenario Platform to Widen Cross-Line Clash Analysis
- Willis Towers Watson Launches ‘Radar Workbench’ for Commercial Underwriters
- Many Climate Scientists Moving from Fieldwork to Jobs in Financial Services
- Impact of Brexit on City of London Is Worse than Expected: Study
- UK Space Industry Aims to Remove Dangerous Space Junk from Orbit
- Ex-Allianz CFO Wemmer Plans to Form SPAC to Target Insurance Deals
- AXIS Capital Estimates Q1 Pre-Tax Catastrophe Losses of $105M-$115M
- RenaissanceRe Expects Q1 Loss from U.S. Winter Storm Uri
- ‘Insure Our Future’ Pressures Lloyd’s to ‘Immediately Stop’ Insuring Fossil Fuel Projects
- UN Summit to Seek Support from Insurers, Bankers to Stem Loss of Global Biodiversity
- Applied Underwriters Finalizes Acquisition of UK MGA Concept Special Risks
- Lloyd’s Lab Picks 11 Insurtech Start-ups, Focused on Product Simplification, Climate
- EU Set to Ban Artificial Intelligence Used for Mass Surveillance, Ranking Social Behavior
- Seized Suez Ship Declared Fit for Onward Passage (Once Compensation Is Paid)
- Xenia Broking to Acquire UK-Based Credit Insurance Alliance (Brokers)
- EU Antitrust Regulators Extend Deadline to July 27 for Decision on Aon-Willis Deal
- Russia Vulnerable to Climate Change, Causing Expensive Natural Disasters
- 7 European Countries Commit to Halt Export Finance for Fossil Fuel Projects
- Aon’s Concessions to EU May Not Be Enough to Close $30B Willis Deal: Sources
- Cyclone Seroja Damages Towns in Western Australia with Strongest Winds in 50 Years
- British Cyber Security Company Darktrace Plans $4 Billion London Listing
- Aon Collaborates with Insurer Partners to Protect Global COVID-19 Vaccine Shipments
- Broker BMS Launches Analytics Platform to Support Clients’ Risk Transfer Goals
- Update: Egypt Seizes Container Ship that Blocked Suez, Pending $916M Compensation
- China Forces Restructuring of Ant Group into Financial Holding Firm
- New Zealand Becomes 1st Country to Introduce Climate Change Law for Insurers, Banks
- Confidence Among UK CFOs Hits Record High, Helped by Vaccinations, Brexit Hopes
- Suez Canal Authority Still in Talks About Compensation for Grounding of Container Ship
- Update: Aon Offers to Sell Assets to Gain EU Antitrust Approval for $30B Willis Bid
- Chinese Insurtech Waterdrop Faces Regulatory Pushback on Planned IPO: Sources
- $1B Insurance Price Tag for U.S. Severe Weather in March (and Other Global Events): Aon
- Watford Holdings Announces Purchase of French P/C Insurer Axeria IARD
- People Moves: Dietrich Named CEO, Hiscox Europe; Hartford’s Milner to Canopius; Agile Risk’s Foster to IGI; HDI Promotes Digman
- AM Best Maintains Negative Outlook on UK Non-Life Insurance Market
- Huge Ship That Blocked Suez Canal Will Be Held Until Compensation Deal Is Reached
- China Revives Sale of Dajia Insurance, the Firm Created to Take Over Troubled Anbang
- Hub International Acquires Wessex Financial Inc. in Canada
- Suez Canal Blockage Continues to Disrupt Global Trade, Hitting Supply Chains
- People Moves: PartnerRe’s Clarke Re-Emerges at Tremor; WTW’s Monat to Mosaic; Graham Leads AIRMIC; Lancashire’s Richardson to Aeolus
- Reinsurers Will Bear Most of Costs of Container-Ship Grounding in Suez Canal
- Australia’s Regulator Weighs Limits on Life Insurers’ Exposure to Offshore Reinsurance
- Smart Home Insurance Specialist, Hiro, Partners with MGA Incubator Pro MGA Solutions
- Sustainable Investment Group Questions Liberty Mutual over Australia Coal Mine Plan
- Home Working Likely to Remain – Even After Pandemic Ends: UK Survey
- Egypt Seeks Out-of-Court Settlement with Owners of Huge Ship that Blocked Suez Canal
- Abandoned Dutch Cargo Ship Secured by 2 Tugboats off Coast of Norway
- People Moves: Khera Promoted at AXA XL; Liberty Mutual’s Slaughter Replaces Burkinshaw at Apollo; Sompo Hires Zurich’s Goddard
- Grant Thornton Staff in UK Want to Stay Home After Pandemic, in New Blow to the Office
- Arthur J. Gallagher & Co. Acquires Norway-Based Parisco AS
- Indian Insurtech Policybazaar Plans Mumbai IPO
- European Union Institutions Targeted in Major Cyber Attack
- How SpottedRisk and TigerRisk Tamed ‘Live Cat’ COVID Event for Entertainment Insureds
- Diversity Courses Are Wasted Without Data to Track Workforce Composition: Opinion
- Broker Ardonagh Group Forms Unit for International M&A; Makes 1st U.S. Acquisition
- First Quarter Activity Signals Record Insurance Carrier M&A Deals Ahead in 2021: S&P
- G20 Companies to Face Common Disclosure Requirements for Climate Risks
- PwC Announces Hybrid Post-COVID Working Model for UK Staff
- UK Insurtech Zego Launches Flexible Cover for Food, Grocery Delivery Businesses
- Train Wreck Kills 50 in Worst Taiwanese Accident in 7 Decades
- Suez Canal Must Upgrade to Avoid Future Shipping Disruption: Sources
- Catastrophe Bonds Positioned to Tap Into Demand for Socially Responsible Investments
- April Reinsurance Renewal Pricing ‘More of the Same,’ Reports Willis Re
- Credit Suisse’s Greensill Insurance Mystery Involves Tokio Marine, Marsh
- Suez Blockage Claims Expected to Hike Marine Reinsurance Rates, Says Willis Re
- People Moves: Aon’s Cook to Carpenter; Meyer Promoted to Chord Re CEO; Rocco Leads Everest Transformation
- London Market Insurers’ 2020 Profits Canceled by COVID-19 but Rates Are Rising
- Zurich Insurance Deepens Climate Change Strategy
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