International & Reinsurance News for September 2020
- India Weighs Sale of 25% Stake in Nation’s Biggest Life Insurer
- Lloyd’s Launches Biz Interruption Insurance Policy for SMEs, Led by Tokio Marine Kiln
- Private Equity Firm Hg Invests in Hyperion in Transaction Valued at US$5 Billion
- Many Financial Firms and Governments See Cryptocurrencies as Risky: Survey
- Equity Volatility Is Most Significant Risk for Investors: AIA Group CIO
- HDI Global Specialty Names Inter Hannover’s Barenthein as MD of Scandinavian Branch
- COVID-19 Crisis Renews Attention on Systemic (Uninsurable) Risks
- Uber Granted 18-Month License Extension in London After Legal Review
- Howden Acquires London-Based Broker St Giles Legal & Professional Risks
- Executives Reassess Work-Life Balance After Experiencing Coronavirus Blues: Survey
- Guy Carpenter Taps Miller from Aon to Lead Property Catastrophe UK, Global Specialties
- Update: UK Regulator Files Expedited Appeal in Business Interruption Test Case
- MGA New Paradigm Aims to Bridge the Natural Catastrophe Protection Gap
- Envelop Risk Paves the Way as Insurtech Reinsurance MGA
- Reinsurance Experience in Africa, Asia Sets MGA Tempo Underwriting Apart
- Finding Niches: Reinsurance MGAs Carving Out Special Market Slices
- American Financial Group Agrees to Sell Run-Off Lloyd’s Insurer Neon to RiverStone
- Munich Re Subsidiary NewRe Names Braune as CEO, Succeeding Strasser
- Beazley Expands Life Sciences Insurance Offering in UK
- Insurer Ping An Taps Rising Demand for Chinese Assets with Offshore Management Arm
- UK Insurer LV= Says Talks Continue with Number of Parties About Possible Merger
- Reinsurance Demand Rises, Along with Flight to Quality, Say Industry Experts
- EU Strikes Low-Cost Deal With AstraZeneca to Pay COVID-19 Vaccine Claims
- UN Envoy Carney Backs Investors’ Call for Increased Climate Risk Disclosure
- New York Again Ranks as Top Global Financial Hub But London Gains in Volatile Index
- Swiss Re Announces Plans to Streamline Structure of Group
- Formation of More ‘Class of 2020’ Reinsurers Unlikely
- What Ever Happened to Hedge Fund Reinsurers?
- Lloyd’s CEO Neal Sees Appeal of COVID Business Insurance Ruling Coming
- Brazil’s State-Owned Caixa Again Postpones IPO of Its Insurance Unit
- Chinese Companies Lag Far Behind in Climate Risk Disclosure
- Peak Re Appoints Pioneer’s Souter as Director of Markets for P/C Business
- Ant Group Eyes Raising $17.5 Billion via Hong Kong IPO Without Cornerstone Investors
- Most Important Climate Pledges Aren’t the Splashy Ones
- What Distinguishes This Market? Here’s Lockton Re Leaders’ Insights
- Businesses Face Fewer Cyber Events, But the Attacks Are More Costly
- Insurers May Cut Allocations to Poorly Performing Hedge Fund Investment Sector
- Bank of England Warns Private Insurers Need Government to Help Narrow Protection Gap
- Citing U.S. Sanctions, Insurers Won’t Cover Ships For Russia, Turkey Pipelines Projects
- Independent Brokers Will Remain Competitive by Adding Value to the Value Chain
- Catastrophe Losses Driven Higher by Secondary Perils – And Climate Change
- Shopify Customer Data Likely Exposed by 2 Employees Attempting to Steal Records
- Confident Russia Vows to Shoulder Some of the Legal Liability of Its COVID-19 Vaccine
- Toyota Insurance in Europe Joins Swiss Re’s Vehicle Risk Rating System
- Arch Insurance Forms Single Managing Agency to Manage 4 Lloyd’s Operations
- Berkshire Hathaway Specialty Taps AIG’s Hamon, Batchili for Executive Team in France
- Coronavirus Safety: U.S. Behind Global Rivals in Protecting Meat Plant Workers
- UK Seeks to Reform How Motor, Home Insurers Treat Loyal Customers
- COVID-19 Vaccine Makers Expect EU Liability Shield for Unexpected Side-Effects
- Banks, Insurers Await ‘Brexit Dividend’ of ‘British-Style’ Regulation
- Frequent Wildfires Decimating Forests Becomes Concern Worldwide
- International Conference to Examine Abusive Behavior in Gymnastics
- Eateries Face Restrictions, Workers Return Home as England Faces Virus Resurgence
- Zurich Insurance Supports Reforestation in Brazil’s Atlantic Forest With 1 Million Trees
- FCA to Insurer CEOs: Don’t Delay in Paying Valid COVID Business Interruption Claims
- How Insurance Industry Might Respond if a Pandemic Is an Act of Terror
- Facebook Tells Irish Court That It Needs Data Transfer Mechanism to Operate
- Carpenters Restoring Notre Dame Face Challenge of Using Original Materials, Design
- EU’s Barnier Still Hopes for UK Trade Deal Despite Latest Crisis
- Former Bank of England Chief Carney Joins Advisory Board of Allianz’ PIMCO
- Londoners Slowly Return to Work After Schools Reopened
- What to Expect in 2021: Reinsurance Market Moving From ‘Timid’ to ‘Hard’
- Paskin Named CEO of Convex Re, Bermuda; Butt Named CEO of Convex Insurance UK
- Insurance Development Forum Launches Insurance Program for Peruvian Schools
- Some Reinsurers Will Try Pandemic Exclusions for Casualty at Jan. 1 Renewals
- Ex-Security Chief Martin Urges UK to Outlaw Cyber Ransoms
- Arcadian Risk Starts New Underwriter in Bermuda With Third Point Re Backing
- Blackstone Joins Brit’s Parent Fairfax in Investing in Lloyd’s Digital Venture Ki
- How Spain’s COVID Tracing App Navigates Europe’s Privacy Protections
- Soccer Star Messi Scores Trademark Victory Over Massi in EU Court
- What Is the No. 1 Emerging Litigation Risk? ‘Forever Chemicals,’ Says Praedicat
- NFP Rebrands UK, Ireland Brokerages Under Its NFP Corporate Name
- Manulife to Begin Offering Canadians COVID-19 Travel Insurance
- China’s Communist Party Seeks Greater Loyalty From Private Sector
- Chances for Brexit Deal With Britain Fade Every Day, Warns European Union Leader
- UK Businesses Wait to See if Their Insurers Will Appeal COVID-19 Insurance Ruling
- Financial Conduct Authority Hails Business Interruption Ruling as Policyholder Win
- Insurers, Policyholders, Analysts React to UK’s COVID-19 Business Interruption Ruling
- London Court Rules Some Insurers Should Not Have Denied Business Interruption Claims
- Coronavirus Pandemic Will Have Severe Impact on Social Inflation: Fitch’s Mazzuoli
- COVID-19 Crisis Reveals Contract Clarity Lessons, Digital Opportunities: Flandro
- World Leaders Failed to Heed Warnings and Prepare for Pandemic, Says Global Report
- Google’s YouTube Sued for $3 Billion in UK over Use of Children’s Data
- Reinsurance Sector ‘Stable’ Despite Major Headwinds: AM Best
- Reinsurers Enter January Renewals, Focusing on Underwriting Discipline: Carpenter, Aon
- Guy Carpenter’s Riley to Join Lockton Re Aviation Practice in London
- Slovenian Woman Sentenced for Cutting Off Her Hand for Insurance Payout
- Major UK Ruling on Business Insurance for COVID-19 Claims Expected Tuesday
- China Tightens Rules Governing Financial Holding Firms
- Lloyd’s Underlying Underwriting Results See ‘Huge Improvement’ Despite COVID Losses
- Facebook Going to Court in Ireland to Salvage Its EU to U.S. Data Transfer Practices
- Chubb Appoints Sosa to Lead Operations in Japan
- AIG Names StarStone’s Rash as CEO of Talbot Underwriting
- Munich Re to Stop Selling Pandemic Business Coverage
- Fitch’s Reinsurance Outlook Remains Negative, Despite Entry into Hard Market Phase
- EU Wants Better Self-Regulation by Facebook, Google, Twitter; Plans Liability Changes
- Summer Storms Bring Alberta’s Tab for Severe Weather Insurance Claims to $2 Billion
- Hamilton Re Appoints Former AXIS Capital Executive as New CEO
- ACORD’s Innovation Tools Experiencing Soaring Reinsurance Demand
- Greenlight Re ‘Refreshes’ Executive Team, with New Chief Underwriting Officer and CFO
- Lloyd’s Reports First Half Loss of $520M on COVID-19 Insurance Claims
- China Counters U.S. ‘Clean Network’ With Own Global Data Security Initiative
- ESG Industry Booms but Investors Worry Risks Are Piling Up
- COVID-19 Takes Toll on Canada’s Auto, Life Insurers
- With COVID Infections Rising, England Limits Gatherings, Plans for Mass Testing
- More Questions Raised Following EU Ruling on U.S. Data Transfer Privacy Shield
- Hiscox Unites 3 Special Risk Teams Under a New Crisis Management Division
- Reinsurance Sector Can Expect More Negative Rating Actions over Next Year: S&P
- Social Inflation, Low Interest Rates, Rising Catastrophes: Recipe for a Hard Market
- European Insurers Worried Regulators May Block COVID-19 Dividends
- Angola Seizes AAA Hotel, Insurance Assets Linked to de Sao Vicente, TV Reports
- Arch Capital Leads Group in $500 Million Bid for Reinsurer Watford: Reuters
- Reuters Report: How COVID-19 Swept Brazilian Slaughterhouses of Top Meatpacker
- Belgian Insurer Ageas Could Be Next Private Equity ‘Unloved’ Target: Opinion
- Munich Re Expects Beirut Losses of €100 Million; Sees Slowdown in COVID-19 Losses
- Japan Offers Mauritius ‘Unprecedented’ Support in Oil Ship Accident
- Abu Dhabi’s Etihad Airways Offers Passengers Coronavirus Insurance
- British Theatres, Concerts Say Shows Will Go on Only With Insurance Help
- Sompo International’s AgriSompo, Invivo Group to Offer Crop Insurance in France
- 9 Coronavirus Vaccine Developers Pledge to Uphold Scientific Safety Standards
- Changes at Zurich: New Digital Team; New CEOs for Asia Pacific, North America, Latin America
- Fears of Brexit With No Trade Deal Rise Over State Aid Dispute
- Supertanker, Still on Fire, Towed From Sri Lanka Coast; No Signs of Oil Leak
- China Offers Experimental Coronavirus Vaccines to Aviation Frontline Workers
- Search for Crew from Capsized Cattle Ship Continues; Records Reveal Ship Defects
- Prosecutors Want Brazil Court to Make Vale Mine Replace Executives Tied to Lax Safety
- More Than 40 Crew Members Missing After Ship with 6,000 Cattle Capsizes Off Japan
- McDonald’s Has a Trademark Beef With Australia’s Hungry Jack’s ‘Big Jack’
- Second Fire Erupts on Indian Oil Corp. Tanker Off Sri Lanka Coast
- Former Australia Bank Unit Sued Over Insurance Commissions
- Bailey Named CEO of Zurich UK, Succeeding Naidu Who Becomes CEO of Asia-Pacific
- Ant’s Mega IPO Sets Up Jack Ma to Escalate War With Nemesis Tencent
- Switzerland Freezes $900M Belonging to Angolan Insurance Executive
- Beat Capital Partners with Bain Capital to Support Lloyd’s Syndicate 4242
- Hub International Acquires Alberta’s Elevate Insurance Brokers
- Swiss Cryptocurrency Fundraiser to Pay Tezos Investors $25M to Settle Class Action
- AM Best Finds Global Reinsurers ‘Maintain Equilibrium’ Through COVID-19
- Indonesia’s PasarPolis Insurtech Raises $54 Million
- With Insurance and Gold, Amazon’s Pushing to Make India Its Fintech Center
- QBE CEO Regan Exits After Investigation Into Female Employee’s Complaint
- Brazilian Reinsurer IRB Still Faces Liquidty Gap, Says CEO
- North Korean Hackers Targeting Banks Around the Globe
- China Reinsurance Group’s Premiums Rise 20% in First Half
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