International & Reinsurance News for December 2020
- UK’s M&A Watchdog Emerges from EU’s Shadow with Massive New Powers
- Brexit Ends Britons’ Right to Live and Work in EU – And Travel Insurance Is Essential
- European Freight Forwarders Reject UK Deliveries on Fears of Post-Brexit Border Chaos
- Russia Expedites Work on Nord Stream 2 Gas Pipeline Before U.S. Tightens Sanctions
- Rescuers Race to Find Survivors After Croatia’s Worst Earthquake in 140 Years
- UK Insurer Admiral Sells Price Comparison Unit to Zoopla in $685 Million Deal
- Cross-Border Workers in Gibraltar to Retain Free Movement with Spain After Brexit
- Papadopoulo Promoted to President, Chief Underwriting Officer of Arch Capital Group
- Cyber Attacks Cost Russian Companies and Citizens $49B in 2020: Sberbank
- Insurance Journal’s Most Noteworthy Topics of 2020: International
- Ant Group Weighs Forming Holding Company, Regulated Like Traditional Financial Firms
- W. R. Berkley Corp. Launches Special Purpose Reinsurer in Bermuda
- Argo Group Agrees to Sell Its Italian Business
- Insurance Journal’s Top 10 Most Read Stories of 2020: International
- China Pushes for Restructuring of Ant Group in Latest Blow to Founder Ma
- What Will Brexit Trade Deal Mean for City of London?
- EU and UK Clinch Narrow Brexit Deal, Just Days Before Transition Period Expires
- Captive Re/Insurance MGU, International Re, Partners with Admitted Insurer Cimarron
- Chubb Global Markets Promotes Driscoll, Rowley in Professional Indemnity Teams
- Brexit Trade Deal Talks Enter ‘Final Stages’
- Allianz’ Real Estate Unit Bets on London with Purchase of Office Buildings for $539M
- Data Theft at Defense Firm Leonardo Targeted Details of Military Aircraft: Arrest Warrant
- Ryan Specialty’s Renewables MGU Forms Partnership with Generali
- Mauritius Oil Spill Disaster Caused by Lack of Safety Awareness, Admits Shipowner
- Brown & Brown Agrees to Acquire Irish Broker O’Leary Insurances
- New Group Launched for Senior Claims Managers in London Insurance Market
- Legacy Specialist DARAG Completes First Acquisition in Luxembourg
- Brexit Trade Talks in ‘Final Push’ to Resolve Rift over Fishing Rights
- Update: Aon Confirms EU Antitrust Probe of Merger with Willis Towers Watson
- Lloyd’s Syndicate Dale and DUAL Launch MGU with Focus on U.S. Property Insurance
- Many Nations Close Borders to British Travelers over Fears of New Coronavirus Strain
- UK Broker, Specialist Risk Group, to Be Acquired by Private Equity Firm HGGC
- PM Johnson Faces Deal-Or-No-Deal Choice as EU Balks at UK’s Brexit Demands
- AXA XL Names Marsh’s Barker to Lead Aviation Insurance Business in Canada
- COVID-19 Fuels Abandonment of Ships – and Their Cargoes and Crews
- Willis Towers Watson Partners with Polecat Intelligence on Emerging Risk Analysis
- Brexit Trade Talks Reach Impasse with Both UK and EU Demanding Compromise
- Judgment in UK COVID Business Interruption Appeal Will Be Handed Down in January
- S. African Insurer Guardrisk Will Not Challenge Court Ruling on COVID-19 Claims
- Climate Change Poses Much Greater Existential Risk for the World Than COVID-19
- COVID Vaccine Rollout Spurs Demand for Extra Insurance Coverage
- Lloyd’s Moves to End Insurance and Investments in Coal for Climate Sustainability
- Canada Reports 20-Year High in Overseas Investment in Insurance M&A
- Shell Fights Landmark Case Alleging Its Climate Change Stance Harms Human Rights
- Solvency II Capital Rules for Insurers Need Changing: EU Watchdog
- South Africa Court Dismisses Insurer Guardrisk’s Appeal in Coronavirus Claims Case
- Japan Post’s Insurance Unit Plans $2.9 Billion Buyback of Shares from Parent
- Ribadeau-Dumas to Succeed Kessler as CEO of SCOR
- Brexit Trade Negotiations Make Progress but Success Still Isn’t Certain: EU Chief
- Marsh Names Hobson as Affinity Leader, International Division, in Newly Created Role
- UK Insurtech Zego Gets Dutch Broking License, Enabling Post-Brexit Growth in EU
- Applied Underwriters Forms EU Subsidiary for Specialty Business in Europe, Middle East
- Italy’s Banco BPM to Acquire Full Control of Insurance Joint Ventures with Cattolica
- Global Natural and Manmade Disasters Cost Insurers US$83B in 2020: Swiss Re
- Directors & Officers Risk Landscape Shaped by Insolvencies, COVID, Activism: Allianz
- Legacy Specialist Carrick Specialty Holdings Buys UK-Based Community Re
- Canada Regulator to Allow Insurers, Banks to Pay Some Special Dividends
- Swiss Re Corporate Solutions Authorized in S. Africa to Write Direct Insurance
- Aon’s $30B Bid for Willis Towers Watson Faces EU Probe: Reuters
- Lloyd’s, Insurtech Parsyl Launch Insurance Facility for COVID-19 Vaccine Shipments
- Insurers, Regulators Warn About Safety of Jets Reactivated After Pandemic Storage
- UK Insurer LV= to Sell Savings, Retirement Businesses to Bain Capital for $707M
- German Insurtech Startup Wefox Expects Profitable 2021
- AmTrust International Hires Kiernan and Stroulger as Underwriters in London
- With Economic Damages of $9B, Hurricanes Eta and Iota Topped Off Record Year: Aon
- Tortuous Brexit Trade Talks Get New Breath of Life but Next Few Days Are Critical
- Aon Acquires India’s Anviti Insurance Brokers
- Mastercard Faces $18.6B Class Action in UK
- UK Insurer Aviva to Sell Vietnamese Business to Canada’s ManuLife
- Record Return of Merger Activity Leads to Massive Growth in M&A Insurance Market
- Chubb Launches Digital Team for Continental Europe and UK & Ireland
- No-Deal Brexit Grows More Likely as UK-EU Trade Talks Remain Deadlocked
- Global Banks Battle COVID-19 Crime Wave
- UK Insurtech Startup battleface Raises $12M in Funding from U.S. Venture Capital Firm
- New Capital Entering Market Unlikely to Quickly Soften Rates: Vantage Risk CEO
- Cyber Attack on EU Drug Regulator Has Not Disrupted Work on COVID-19 Vaccines
- Insurers Ink $90 Billion in Merger Deals as They Pursue Post-Coronavirus Clout
- AIG’s Sharpe Named Head of AGCS’ Distribution Unit as Restructure Continues
- Fidelis Raises $185M of Capital, Bringing 2020 Total to More than $1.3B
- Efma and Accenture Launch 6th Annual Innovation in Insurance Awards
- Royal Caribbean Cruise Cut Short When Passenger Tests Positive for COVID-19
- ‘Urgent Action’ Needed to Help Stranded Sailors and Avoid Supply-Chain Risks
- Why World Bank’s Controversial Pandemic Bonds Didn’t Function as Hoped
- Credit Suisse Shuts Humbolt Re and Kelvin Re After Investor Withdrawals
- Germany’s Getsafe Raises $30M from Swiss Re and Others; Eyes Becoming Full Carrier
- How to Address the Next Uninsurable Pandemic — A Black Swan Event
- Chubb Launches Enhanced MasterPackage Solution for Life Science Companies in UK
- Arch Insurance International Renames Barbican Syndicate 1955
- UK Insurtech Zego Buys Telematics Firm Drivit to ‘Revolutionize’ Insurance Pricing
- Brit to Appoint RSA’s Wilkinson as Group CFO
- AM Best Assigns ‘A-‘ Rating to Newly Formed Conduit Reinsurance Ltd.
- Lemonade Launches in France in Its Third European Country
- Munich Re to Halt Coverage for Events Canceled Due to Pandemics
- EU Tells London Banks, Insurers to Get Used to Limited Access
- Global Reinsurance Sector Receives ‘Stable’ Market Outlook as Rates Keep Hardening
- Canada Must Address Rising Costs of Natural Disasters, Says Research Group
- Guy Carpenter Appoints Former Gen Re Exec Toffanello as Head of Japan
- Hub International Acquires Saskatchewan-Based Prince Albert Insurance Ltd.
- France Vows to Help Farmers Who Stop Using Glyphosate Weedkiller
- China Signals It Remains Committed to Phase 1 Trade Deal With U.S.
- Norway Bank DNB Faces Fine for Failure to Comply with Money Laundering Rules
- EU Privacy Agency Does Not Expect New EU-US Data Privacy Accord Any Time Soon
- Cost of Postponing Tokyo Olympics Could Reach $2.8 Billion
- German Prosecutors Open Investigation into EY Auditors over Wirecard Collapse
- Cathay Pacific Collaborates with AXA to Provide Free COVID-19 Insurance to Passengers
- UK Insurer Aviva Appoints AIG’s Winslow as CEO of International
- Fears Grow of No-Deal-Brexit Chaos as EU-UK Standoff Continues
- CPP Group UK and Partners& Offer Cyber Risk Assessment Tool
- Brexit Trade Talks at ‘Very Difficult Point’ as Clock Ticks to Year-End Deadline
- Victor Insurance Appoints Former RSA Executive Turner as International Head of Marine
- Momentum Is Building for Pre-Flight COVID-19 Airport Testing
- Germany Extends $37B Backstop for Credit Insurers to Keep Pandemic Trade Flowing
- Central American Storms in 2020 Preview What’s Ahead with Climate Change: Experts
- Cyclone Burevi Weakens After Bringing Heavy Rain to Southern India
- Howden Broking Opens Branch Office in Iceland
- BMS Purchases Spanish Specialist Insurance Broker Montymarq
- New Re/Insurer ‘Vantage Risk’ Launches, Led by Former Arch, AXA XL Executives
- AXA’s Chief Risk and Investment Officer Says Biodiversity Loss Among ‘Very Top Risks’
- Brexit Trade Negotiations Are Making ‘Good Progress’
- Broker BMS Names Pope from Guy Carpenter as Executive Chairman in Latin America
- ILS Capital’s Prospero Re Gets Bermuda Regulator Nod to Write Traditional Reinsurance
- Tropical Cyclone Burevi Heads to Southern India After Ramming Sri Lanka
- New Insurance Group Inigo Gets Approval from Lloyd’s to Start Underwriting in January
- China Renews OK of Oceanwide’s Stalled $2.7 Billion Purchase of Genworth
- Fairfax Announces Sale of RiverStone Europe to Private Equity Firm CVC
- Hub International Acquires Quebec-Based Seymour Alper
- Sri Lanka Evacuates 75,000 from East Coast on Threat of Cyclone Burevi
- AXIS Re Hires Willis Re’s Bangs as Head of Japan
- New Independent London Broker, Ballantyne Brokers Ltd., Opens for Business
- Update: Bermuda-Based Reinsurer Conduit Holdings’ Stock Rises After $1.1B London IPO
- Allianz to Buy General Insurance Business of Australia’s Westpac for $534M
- BHSI Hires Macfarlane to Lead Downstream Energy Property in Europe
- AmWINS to Acquire Bermuda-Based International Specialty Brokers Ltd.
- Private Equity Firm Cinven and Canada’s BCI to Buy Legacy Specialist Compre
- Bank Wins Suit Against Anbang Insurance After Ending Hotel Deal Due to Pandemic
- No-Deal Brexit Is Still Possible with Trade Talks Remaining Snagged
- An Emerging Risk of COVID-19 Pandemic: Rusty Pilots Making Flying Errors
- Shell Faces Climate Change Lawsuit in Dutch Court
International & Reinsurance News Archives
