International & Reinsurance News for August 2020
- United Arab Emirates Ends Boycott, Opening Commerce With Israel
- Pandemic Shows Why Climate Change Is Major Economic Risk, Says Europe’s Schnabel
- Total Return Reinsurers Underperform Traditional Bermuda Reinsurers: AM Best
- Insured Loss for UK’s February Floods Estimated at £375 Million
- Britain Eyes Fast-Tracking Coronavirus Vaccines That Pass Safety, Quality Tests
- China’s Ping An Reports Steady Results for First Half
- Germany’s Merkel Urges Stronger Global Effort on Climate Change
- New Zealand’s Stock Exchange Resumes Trading After Cyber Attacks
- Post-Covid Cold War World Will Be Tough for China’s Ant: Opionion
- UK Supreme Court Denies Patent Appeals by Huawei and ZTE Over Mobile Technology
- Insured Pandemic Losses ‘Manageable’ as Earnings’ Event, Not a Capital Event
- UK Broker Ed Hires Paragon’s Head as Professional, Cyber Lines Producer
- European Union Safety Agency to Start 737 MAX Flight Tests
- Where ‘DeFi’ Crypto Users See Sure Bets During COVID, Critics See Unregulated Risks
- Pricing Is Only Bright Spot in ‘Anemic’ Earnings Picture for Reinsurers: Moody’s
- 4 of 5 Workers Remain Working from Home in UK Cities
- EU Officials Erase Brexit from Meeting Agenda Citing Scant Progress in Talks with Britain
- Aon, Willis Towers Watson Shareholders Approve Merger
- Coronavirus Erodes Countries’ Economic Resilience; Global Insurance Gaps Widen
- Limited Liability Protection for Drugmakers Hampers EU Coronavirus Vaccine Deals
- MS Amlin Names Everest Re’s Carrier as Chief Underwriting Officer as 3 Step Down
- Carnival Cancels 2 Early 2021 Princess Cruises Over COVID-19 Restrictions
- Coronavirus Pandemic Makes Politically Risky World Even Riskier
- Taiwan Claims Alibaba-Linked Site Is Cyber Security Risk
- Insurance Run-Off Specialist Marco Capital Acquires British Reserve from Allianz
- Sierra Leone Residents’ Damages Suit Against Miner Is Part of Activist Trend
- Alibaba’s Ant Group Files for Dual Listing; Could Be World’s Largest IPO Ever
- Anbang, Andy Bang, $1 Trillion in Claims. Ritz-Carlton Mystery Gets Its Day in Court.
- China Regulator Pledges Continued Backing of Hong Kong as Financial Center
- Berkshire Hathaway Specialty Adds ERGO’s Keune to Head Executive Lines in Germany
- Marco Capital Targets Europe’s P/C Insurance Run-Off Market
- Britain, EU Report Little Progress on Post-Brexit Deal
- Global Dividends Outcome ‘Worst Since Global Financial Crisis’
- Dueling Storms Marco, Laura Hit Haiti, Dominican, Cuba on Way to Gulf Coast
- Japan Ship Behind Oil Spill in Mauritius Deviated From Regular Shipping Lane
- Class Action Targets Commonwealth Bank of Australia Over Insurance Advising
- Direct Insurance Names Business Development Manager for Its Lloyd’s Brokers
- Randall & Quilter to Acquire World Marine & General Insurance From BHP
- S&P Says Underwriting in Lloyd’s Market Continues to Improve
- Hong Kong to Begin Widespread COVID-19 Testing Sept. 1
- Brazilian Court Orders JBS to Require Worker Distancing After COVID Outbreak at Plant
- Willis Re’s Livingston Joins Guy Carpenter in New Global Head of Sales Role
- State Media Reports 14 Missing After Cargo Ship and Tanker Collide Off Shanghai
- Dispute Among EU Regulators Delays Twitter Data Privacy Fine
- Japanese Lunar Exploration Firm ispace Raises $28M and Inspires Moon Insurance
- Chinese Crowdfunding, Insurance Site Waterdrop Raises $230 Million, Plans U.S. IPO
- Cold Chain Mystery: Does Coronavirus Spread Via Contaminated Food Packaging?
- Pandemic Hits Insurer AIA Group’s New Business in Hong Kong, China
- Randall & Quilter to Acquire Inceptum
- Aon’s New Capital Partners Aims to Tap Additional Sources of Capital for Reinsurance
- Marsh’s Russell-Vick Joins Willis to Head Broking for Finex Business for Britain
- China Makes Investor Class Actions Easier in Crackdown on Corporate Fraud
- 20% of Meat Plant Workers Infected with Covid in Large Exporter Brazil, Union Says
- UK Working With Heathrow on COVID Testing as Alternative to Quarantine
- Mauritius Arrests Captain of Japanese Oil Spill Ship
- IGI Appoints Neon’s James as Class Underwriter for Cargo in London
- Allianz Benelux Sells Closed Life Insurance Book to Monument Assurance Belgium
- As Harvest Losses Continue, German Farmers Seek Insurance Subsidy
- NFP Acquires Ireland’s HMP Insurance
- Airlines, Airports Urge UN to Accept COVID Testing Over Quarantines
- Europe Urged to Focus on Those Who Must Pay Off Debt After Pandemic
- Business, Insurers Face Survival Showdowns Over Pandemic Coverage
- Nexus Unites Trade Credit Broking Business Under ‘Xenia’ Brand
- Japanese Bulk Carrier Splits Apart as Mauritian Authorities Work to Contain Oil Spill
- Global Insurance M&A Surges in 1st Half but Lull Likely in H2 on COVID Uncertainties
- Investigators Confirm Passenger Train in Scotland Hit Landslide Before Derailment
- Lebanon’s Insurance Claims from Beirut Port Blast Total $425 Million, So Far
- AXA Weighs $177 Million Sale of Greek Business to Generali
- Alibaba’s Ant Group Makes Preparatory Filing in China for Giant IPO
- Explainer: Assessing Liabilities from Massive Mauritius Oil Spill
- Marsh Promotes Leney to Risk Management Leader for Asia and Pacific Regions
- Middle East Insurers Likely to Absorb Bulk of Losses from Beirut Port Blast: Sources
- Swiss Re Builds Risk Scoring System, Aiming to Reward Safe Cars with Lower Premiums
- Not Every Insurtech Is a Startup: How Swiss Re Delivers Tech Solutions
- Former Wirecard Executive Marsalek Placed on Interpol’s Most Wanted List
- Analysis: Megacities Face Great Upheavals as They Seek to Cut Virus Transmission
- UK Suffers Worst Train Crash Since 2004 After Derailment Kills Three People
- WTW Names Shaw as Global Head of Data, Analytics & Innovation, Global Facultative
- Major Reinsurers Brace for Large Losses from Beirut Port Blast
- One80 Intermediaries Acquires Canadian MGA, Strategic Underwriting Managers
- Secondary Perils Drive Global Insured Catastrophe Losses of $31B During H1: Swiss Re
- Mauritius Seeks Compensation from Owners of Cargo Vessel After Massive Oil Spill
- Australia Detains Cargo Ships for Alleged Labor Violations Related to COVID Lockdowns
- UK Auto Insurer Admiral Reinstates Special Dividend as Claims Drop During Lockdown
- Leading Proxy Advisory Firms Recommend Shareholders Approve Aon, WTW Merger
- Lloyd’s Selects 10 Insurtechs for Its Innovation Accelerator, Focusing on COVID-19 Risks
- Companies Risk Losing More Than 40% of Annual Profit on Supply Chain Shocks: McKinsey
- Insured Losses for Europe’s Storm Sabine (aka Ciara/Elsa) Estimated at €1.6B: PERILS
- Directors & Officers’ Insurance Rates Surge on Fears of Coronavirus Litigation
- Marine Insurance Losses Likely to Be Under $250M from Beirut Port Blast: Carpenter
- Oil Leak from Cargo Ship Pollutes Mauritius Beaches as Insurers Assess Liability
- AXA Considers Sale of Singapore Business as It Seeks to Raise Funds: Sources
- Marsh JLT Specialty Promotes Cheung to UK Placement Leader
- Global Commercial Insurance Rates Up 19% on COVID-19, Other Large Losses: Marsh
- Trust in Insurers/Finance Could Take Long-Term Battering with COVID Crisis: Opinion
- India’s Aviation Regulator Points to Pilot Error in Air India Express Crash
- Beirut Port Explosion to Cost Insurers Approximately $3 Billion: Sources
- New Risk to Global Supply Chains Emerges as Weary Crews, Stuck Offshore, Halt Work
- World’s Three Hottest Julys on Record Occurred During Last Five Years
- S. Africa’s Regulator to Clarify Policyholders’ Rights in Pandemic Insurance Claims
- Hannover Re’s CFO Vogel to Retire, Succeeded by Jungsthöfel from HDI Global
- Australia to Spend $1.2B to Beef Up Private Sector’s Cyber Defenses After Rise in Attacks
- Third Point Re and Sirius Group Agree to Merger in Deal Worth $788M
- Ships Diverted to Tripoli to Keep Lebanon Supply Lines Running After Beirut Port Blast
- Lloyd’s Broker Ed Taps Ulhaq from RFIB to Expand Int’l Facultative Reinsurance Offering
- Legacy Specialist DARAG Buys Luxembourg Auto and Travel Insurer, Arisa Assurances
- After Beirut Port Explosion, AM Best Comments on Potential Insurance Exposures
- Gallagher Buys Canada Retail Broker Insight Insurance
- Munich Re’s Q2 Net Profit Slumps 42% on COVID-Related Losses
- Insurer AXA, With H1 Net Income Down 40%, Warns of Future COVID-19 Shocks
- Sampo Group and S. African Investor to Acquire UK Insurer Hastings for $2.2B in Cash
- Allianz Confirms SEC Probing Its ‘Structured Alpha’ Funds, Subject to Investor Lawsuit
- Oneglobal Broking Expands into Hong Kong, Names Ex-JLT Exec Langridge as HK Chair
- Guy Carpenter Appoints Askew as Canada President and CEO, Succeeding Callahan
- Allianz’ Net Profit Drops 29% in 2nd Quarter Amid COVID-19 Crisis
- UK Insurer Direct Line’s H1 Profits Beat Forecasts as Auto Claims Drop During Lockdown
- Lloyd’s Promotes Spyropoulos to CEO, Lloyd’s Asia, and Country Manager, Singapore
- Aon’s Reinsurance Solutions Taps Turner from AXA XL to Lead UK Property Team
- Aviation Sector Carries Biggest Risk of Corporate Default from Pandemic: Gallagher
- UK Regulator Warns Insurers to Fairly Calculate COVID-Related Biz Interruption Claims
- EXOR and Covéa ‘Normalize’ Relations After Failed PartnerRe Deal
- Hamilton Re CEO Reardon Exits with Brown Named Interim CEO
- COVID-19 Will Drive Demand in UK for Bike Insurance: GlobalData
- Krefta, CEO of Hiscox Re & ILS, to Exit Hiscox to Pursue Interests Outside of Insurance
- Insurer Hiscox Reserves $232 Million for Coronavirus-Related Claims in First Half
- AstraZeneca Gets Protection from Future Product Liability Claims for COVID Vaccine
- Berkshire Hathaway Specialty Names Property Leadership in Middle East and Asia
- Travelers Europe Enhances CyberRisk Product for UK and Ireland
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