International & Reinsurance News for April 2020
- Lockton Re in London Taps Aon Re’s Mallon, Neon’s Foxall for North America, Int’l Teams
- Swiss Re Reports Q1 Loss of $225M as Impact of COVID-19 Crisis Begins to Hit
- UK Regulator Probes Events Firms for Failure to Pay Refunds During COVID-19 Crisis
- Top Insurers Face Lawsuit from UK Hospitality Sector on Rejected Biz Interruption Claims
- Global Reinsurers See Robust Capital Growth of 15% in 2019: Willis Re
- Program Management Specialist R&Q Receives Equity Investment of $100M
- Beazley Expands M&A Insurance Team with 5 New Underwriters, Geographies
- Hiscox Action Group Gears Up to Take Hiscox to Court over COVID-19 BI Exclusions
- Cruise Ship Passengers Seeking COVID-19 Class Action Suits Face Uphill Legal Battle
- PERILS Releases Industry Exposure Database 2020, Now Including Australia Motor
- Marsh JLT Specialty Expands Renewable Energy Team in UK, U.S., and Asia
- Analysis: Insurers Feel Rising Legal Heat for COVID-19 Business Interruption Exclusions
- Floods Hit Canada’s Oil Sands Hub in Fort McMurray, Forcing Some Evacuations
- AXA XL Launches Virtual Risk Assessment Service Called ‘Remote Risk Dialogue’
- German Economy Relies on Rhine River – But Levels Are Low Without April Rainfall
- AXIS Capital Estimates $235 Million of Coronavirus-Related Claims During First Quarter
- Aon Executives, 70% of Employees Taking Pay Cuts Amid Coronavirus Uncertainties
- UK Insurers Urged by Treasury Committee to Pay Coronavirus Claims
- Generali Confident of Rebuffing Takeovers Thanks to Strong Capital, Financial Position
- UK Insurers Expected to Pay $1.5B in Coronavirus Claims: Association of British Insurers
- French Court Keeps Limits in Place for Amazon Deliveries, in Victory for Its Workers
- AXA Announces Death of Stefan Lippe, AXA Director, Former CEO of Swiss Re
- Some of World’s Largest Companies Warn About Security of Zoom Conferencing App
- K2 Insurance Agrees to Acquire Pioneer Underwriters’ Portfolio
- Reinsurance Rendez-Vous de Septembre Canceled due to Coronavirus Crisis
- Everest Re Estimates $150 Million in Pandemic-Related Losses During First Quarter
- French #MeToo Milestone: Court Orders Dentist to Pay Damages for Sexual Harassment
- Earthquake Hits Croatia, a Month After Another Tremor Causes Damages of $6B
- Specialist MGA Lions Gate Expands Canada Offering with Environmental Insurance Cover
- China’s Ping An Reports Q1 Profit Drop of 42.7% on Coronavirus Business Disruption
- Brokerslink Network Expands in Latin America with Two Broker Affiliates
- SCOR Global P&C Sees Price Increases of 6.6% During April Renewals
- China Slams Coronavirus Lawsuit Brought by Missouri as ‘Very Absurd’
- Insurtech ‘Babel Cover’ Collaborates with Maltese Insurer Atlas to Offer Bicycle Insurance
- Broker NFP Buys UK’s Johnson Fleming Group Ltd.
- Sompo Int’l Forms Agricultural Insurance Partnership with Portuguese MGA ATLAS
- Hannover Re, Parent Firm Talanx Withdraw 2020 Profit Guidance on Virus Uncertainties
- Aon’s Reinsurer Trading Portal, ABConnect, Receives Accreditation from Lloyd’s
- Conspiracy Theorists Set Fire to Europe’s 5G Network Towers, Claiming Link to COVID-19
- Brokerslink Network Strengthens African Presence with Broker in Republic of Congo
- AXA XL Forms New Leadership Team, Aims to Restructure with Regional Business Units
- Swiss Re Corporate Solutions Appoints Grass as CFO, Succeeding Mueller
- Beazley Gets Approval to Launch Malaysia Company to Build Asia Pacific Distribution
- UniCredit Hackers Try to Sell Employee Data on Cyber-Crime Forums
- Ferrari Provides Coronavirus Tests so Employees Can Return to Work
- Danish Insurer Tryg Expects Wave of Travel Claims as Customers Cancel Holidays
- UK Insurance Industry Leaders Form Steering Group to Propose Pandemic Response, Chaired by Catlin
- British Court Awards $11 Million to EY Whistleblower Who Exposed Money Laundering
- UK Insurers in Talks with Government About Creating Trade Credit Backstop
- Lloyd’s Gathers Business Interruption Data for UK Regulator
- Amazon Extends French Warehouse Closures on COVID-19 Safety Dispute with Workers
- Notre Dame Restoration Halted by France’s Coronavirus Lockdown
- CyberCube Releases New Edition of Cyber Accumulation Model
- Pandemic Crisis Story: Moving 1000-Plus Employees in 7 Countries in Just 2 Weeks
- Carnival CEO Says Company Followed Safety Protocols in Outbreaks on 2 Cruise Ships
- Insurers’ Pause of Dividends Likely Shows Caution, Rather Than Credit Risks: S&P
- European Risk Mgmt Group FERMA Supports National Backstops for Future Pandemics
- New Business Interruption Insurance Poses Risks to Chinese Insurers, Says Fitch
- Amazon Shuts Warehouses in France over Worker Safety During COVID-19 Crisis
- Facebook Revamps Its Libra Cryptocurrency in Response to Regulatory Backlash
- Coronavirus Will Cause ‘Massive’ Losses Across Insurance Industry, Says Allianz CEO
- AIR Worldwide Launches Free COVID-19 Catastrophe Modeling Tool
- Arch Capital’s Estimated COVID-19 Losses During 1st Quarter Could Hit $145 Million
- UK Insurers, Banks Are Weathering Effects on Capital of COVID-19 Crisis: BoE’s Woods
- Pandemic Bonds Get Stay of Execution but Prospect of Wipeout Looms
- Beazley Appoints Greenwood as Head of Cyber & Executive Risk, Succeeding Donovan
- Hiscox Says Its Business Interruption Exposure Is Limited in Europe, U.S.
- Howden Broking Group Buys Greece’s Matrix Insurance & Reinsurance Brokers
- Sompo Int’l to Exit Lloyd’s, Writing New Business from London Company Market Platform
- Many Insurance Policies Bought by Small UK Firms Don’t Cover Pandemic: Regulator
- Insurance Australia Group, AMMB Seek to Sell Their Malaysian Auto Insurer: Sources
- Willis Towers Watson’s Climate & Resilience Hub Taps Scott from BofE as Senior Director
- QBE Insurance Plans US$825M Capital Raise on COVID-19 Economic Uncertainties
- Miller Launches Quote and Bind Platform for Yacht Insurance
- Europe Needs Its Own Approach to Coronavirus Tracing, Say German Tech Startups
- Cyber Criminals Increasingly Will Target Top Executives in Ransomware Attacks: Report
- Australia’s Westpac Expects $578M Fine for Money Laundering Linked to Child Abuse
- BHSI Expands Cover for UK Financial Institutions with D&O and Civil Liability Policies
- Suddenly There Is Big Demand for Pandemic Cover, Says Underwriter
- India’s Future Group to Sell Stake in Insurance Joint Venture with Generali
- Wimbledon Shows How Pandemic Insurance Could Become Vital for Sports, Other Events
- CEO of Tokyo Games Can’t Guarantee Postponed Olympics Will Be Held Even in 2021
- BHSI Launches Management Liability & Association Liability Cover in New Zealand
- Italy’s Generali to Pay 2019 Dividend, Resisting EU Regulatory Guidance
- Swiss Re Appoints Haycock as Its First Chief Data Officer
- MGU Victor Taps Bonfà from US Underwriting Solutions as Country Leader of Victor Italia
- Lloyd’s Picks 12 Insurtech Startups for Next Cohort of Its Innovation Lab
- China Plans to Relax Rules on Foreign Ownership of Domestic Life Insurers: Sources
- Canada’s Insurers to Cut Auto Premiums as Drivers Stay Home During COVID-19 Crisis
- PartnerRe’s Parent EXOR Vows to Go Ahead with Deals Despite Pandemic
- Hiscox Withdraws 2020 Financial Guidance, Cancels Dividend Payment on COVID Crisis
- Failure to Act on Climate Change Could Make Weather Risks Uninsurable: Swiss Re
- Growing Number of UK Insurers Cancel Dividends Amid COVID-19 Concerns
- Hong Kong-Based Peak Re to Acquire Bermuda ILS Asset Manager Lutece
- Ageas UK’s CEO Watson to Step Down, Succeeded by Middle
- Australia Insurer IAG Announces CEO Harmer to Retire; Hawkins Named Deputy CEO
- Van Gogh Theft Focuses Attention on Empty Museums’ Security During COVID-19 Crisis
- Stresses of COVID-19 Hit Businesses, Their Insurers, so Partnership Is Needed: FERMA
- European Watchdog Urges Re/insurers to Suspend Dividends During Pandemic
- Global Supply Chains Strained as Ship Crews Are Stuck in Lockdown
- UK MGA Aqueous Underwriting Offers COVID-Crisis Help for Hospitality, Leisure Clients
- Australia Regulator Urges Insurers, Banks to Defer Dividends Amid Coronavirus Crisis
- QBE Taps AXA XL’s Harris as CEO, International, Succeeding Pryce
- Canadian Insurers Hit with Lawsuit on Refusal to Pay COVID-19 Biz Income Claims
- Insurers Say Forced Payouts for Excluded Virus Losses Risk Destabilizing Industry
- Willis Towers Watson Postpones Planned Sale of Miller Insurance
- BHSI Launches Professional Technology Liability Cover in Australia, New Zealand
- Thai Insurer’s Coronavirus Cover Draws ‘Overwhelming’ Demand
- Coronavirus Impact on Aviation Insurance: Gallagher
- Greenlight Re Decides Against Sale After Completing Strategic Review
- This Insurance Would Have Helped in Coronavirus Crisis But Nobody Bought It
- Munich Re Specialty Group Appoints Boo from Ironshore as Head of Asia
- BMS Signs Preferred Partner Agreement with Portuguese Specialty Broker Tagus
- Fitch Places Lloyd’s of London’s on Rating Watch Negative on COVID-19 Crisis
- Health-Care Providers See Surge in Ransomware Attacks in Europe, U.S.
- Aon Enhances Reinsurer E-Trading Portal to Support Remote Working During Pandemic
- Lemonade Launches in Its 2nd European Country: The Netherlands
- COVID-19 Pandemic Threatens Gulf Insurers’ Earnings: S&P Report
- Initial Insured Losses for UK’s February Floods Estimated at £297M (US$367.8M): PERILS
- Germany to Provide Credit Insurance Guarantees to Keep Trade Flowing: Sources
- Two UK Court Rulings Limit Corporate Responsibility for Employee Conduct
- Allianz Global Corporate & Specialty Names Shahkarami as 1st Chief Data Officer
- Insurers Worry About D&O Claims Against Executives From Coronavirus
- Reinsurers ‘Smoothly’ Navigated April Renewals, Despite Working from Home: Willis Re
- Nexus’ Broking Unit Xenia Completes Purchase of Howden UK’s Trade Credit Business
- Fitch Revises Rating Watch on Sirius to ‘Evolving’ on Uncertainties over Planned Sale
- Munich Re Withdraws 2020 Profit Guidance on COVID-19 Uncertainties
- EU Countries Give Guarantees to Credit Insurers to Prevent Coverage Cuts
- National Bank of Greece Halts Sale of Ethniki Insurance on COVID-19 Crisis: Sources
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