International & Reinsurance News for April 2019
- UK Climate Change Adviser to Recommend Target of Zero Emissions by 2050: Sources
- Arch Insurance (UK) Launches Cyber Product for Small and Medium Sized Businesses
- Norsk Hydro Cyber Attack Cost It Nearly $52M in First Quarter
- Canopius Opens Office in Sydney, Australia
- Gen Re Appoints D’Arcy as Head of International Property & Casualty
- Industry Veterans Catlin and Brand Launch Specialty Bermuda Re/Insurer Convex Group
- Brexit Uncertainty Takes a Toll on UK Businesses: Report
- MS Amlin Appoints Pearce from Old Mutual as CFO
- Risk Managers Rank Economic Slowdown, Damage to Reputation as Top 2 Risks: Aon
- Liberty Specialty Promotes Hall, Wheeler in Specialty Binders Team in London
- Electrical Fault in Battery Caused Huge Blaze at Ocado’s UK Distribution Center
- Mozambique Floods Threaten Hundreds of Thousands of Lives After Cyclone Kenneth
- It Was Always Going to Be Hard to Oust CEO of SCOR – and His 300% Return: Opinion
- SCOR’s Shareholders Reject Attempt to Oust CEO Kessler
- Brazil’s Argo Seguros Appoints Queiroz from Swiss Re as CEO
- Brit Ltd. Enhances Physical Damage Cyber Offering, Increasing Flexibility and Limits
- SCOR’s Q1 Net Profit Drops 21% on Japan Typhoons in 2018
- Lloyd’s Innovation Drive Faces Headwinds from Some Brokers, Underwriters
- Battle of Words Continues Between Argo Group and Activist Shareholder
- Pro Global to Buy UK MGA Incubator, Vibe MGA Management
- Cyclone Kenneth Grows Stronger as It Barrels Towards Mozambique
- China’s Swine Virus Epidemic Should Be a Global Concern: Opinion
- Japan Insurers to Invest in Riskier Non-Government Bonds, Seeking Higher Returns
- AXA XL Promotes Wilson to Global Head of Portfolio Solutions
- AXA Confirms It Insured Some Notre-Dame Artworks for Several Million Euros
- Allianz Weighs Bid for Deutsche Bank’s Asset Management Business: Sources
- Total Reinsurance Capital Drops in 2018, but Alternative Capital Keeps Rising: Willis Re
- How a Business Can Move from Novice to Expert in Cyber Defense Best Practices
- Government, Businesses Must Work Together to Safeguard Internet: British Spy Chief
- Aon Combines Construction & Engineering and Inland Marine Teams into Global Unit
- Mozambique Braces for Another Powerful Cyclone, Just One Month After Idai
- Architect Who Died 140 Years Ago Left Detailed Guide for Rebuilding Notre Dame
- Swine Virus Causes Panic Among Chinese Farmers as 80% Decide Not to Restock
- Axon Underwriting Forms Axon Re to Offer Cargo, Stock Throughput Reinsurance in Latin America
- Marsh, Guy Carpenter and JLT to Merge Latin America Facultative Reinsurance Units
- Liberty Specialty Markets Promotes Silvestre to Deputy Manager for France
- Powerful Earthquake Strikes Philippines, Causing Deaths and Damage
- Notre Dame Fire Should Be Wake-Up Call for State of Other European Monuments
- SCOR Global P&C Grows Reinsurance Premiums by 9.6% During April Renewals
- Europe’s Storm Dragi-Eberhard Costs Insurers Estimated €740M ($831.8M): PERILS
- Hannover Re Cuts Exposure to Coal-Based Risks, Limiting Investments, Underwriting
- Some Passwords to Avoid: Team Names, Fictional Characters, Pop Stars and ‘123456’
- AI Startup Cytora Raises $32.5M to Expand Commercial Insurance Products, Geographies
- Sompo International Appoints Brazil as CEO of SI Insurance (Europe)
- Why It’s Difficult to Insure Iconic Properties Such as Notre Dame
- Tsunami-Wrecked Fukushima Nuclear Plant Begins Fuel Removal in Melted Reactor
- Munich Re Syndicate Singapore Partners with Lloyd’s Coverholder Nectar Specialty Risk
- New Crop of Satellites Will Identify Biggest Contributors to Climate Change
- Canopius Signs Agreement to Purchase AmTrust at Lloyd’s
- Everest Insurance Ireland Opens UK Branch
- 30 Central Banks, Minus U.S., Call for More Green Financing, Better Climate Risk Assessment
- Insurance Adjuster Reports 90% of Notre Dame Cathedral Treasure Saved from Fire
- South Africa Food Producer Tiger Brands Faces Class Action Over Listeria Outbreak
- Britain’s Financial Regulator to Review Its Rules for Post-Brexit Landscape
- U.S. Firms in China Say Trade Deal Must Address Unequal Treatment
- Trump Clears Way for U.S. Suits Against Foreign Firms Operating in Cuba
- France’s AXA Insures 2 Notre Dame Contractors, Some Religious Artworks
- Government and Benefactors, Not Insurers, to Bear Cost of Notre Dame Rebuilding
- Corporate, Individual Donations Pour In for Effort to Restore Notre Dame
- Royer Named Head of Liability for Zurich Canada
- EU Parliament Approves Law Establishing Basic Rights for Gig Workers
- Argo Urges Shareholders to Reject Voce’s Claims at Annual Meeting
- Vienna Insurance Discloses Previously Unreported S Immo Stake
- President Macron Vows to Rebuild Notre Dame Cathedral Ravaged by Huge Fire
- EU’s New Copyright Rules Could Hurt Google, Facebook
- Markel Internal Review Finds ‘No Bad Faith’ Related to Loss Reserves Under Investigation
- IMF Officials Urge Governments to Limit Risks to Global Economy
- London Continues to Lose Financial Sector Jobs Over Brexit
- British CFOs Fears of Long-Term Brexit Downturn Grow
- Foreign Insurers Eye China’s $1.6 Trillion Private Pension Business
- SoftBank’s Maneuvers Reflect Expanded U.S. Scrutiny of Foreign Investors
- Why Europe Should Not Force Talking Cars to Speak Same Language Now: Viewpoint
- Canada Insurer The Co-operators Buys Robinson & Associates Insurance Brokers
- Insurance Industry Must Wake Up to Costs of ‘Secondary’ Catastrophe Perils: Swiss Re
- Rhine River Could Be Impassable to Ships this Summer if European Drought Returns
- French Court Rules Bayer’s Monsanto Weedkiller Liable for Farmer’s Health Problems
- Lloyd’s Syndicate Ascot Insures Farmers in 16 Nations Against Crop-Price Volatility
- Zurich, CoverWallet Launch Online Insurance Platform for Smaller Firms in Switzerland
- Zurich Canada Names Aon’s Royer as Head of Liability
- Ant Financial Aims to Disrupt Health Insurance with New Chinese Health ‘Collective’
- EU Gives Britain 6-Month Brexit Extension, Despite French Resistance
- Generali Appoints Zuanella from RSA as Group Chief Digital Officer
- Lloyd’s Cracks Down on Drinking Culture in Market
- Terrorism, Populist Politics Raise Risks for European Businesses: Aon Report
- Chubb Expands Insurance Coverage in Canada for Private Equity Firms
- India’s Shriram Capital Plans to Merge Its Units to Boost Insurance, Lending Businesses
- Global Floods Cause $8B in Economic Losses During March: Aon Catastrophe Report
- Chubb Names Kennett as Head of Financial Institutions for UK, Ireland and Global Mkts.
- London’s Electronic Placing Platform Gains Traction, Binding More Than 50,000 Risks
- When Cyber Attack Hit Norsk Hydro, It Was Already Handling a Major Upheaval: RMS
- Arthur J. Gallagher Completes Acquisition of UK Specialist Broker Stackhouse Poland
- UK Joins Global Backlash Against Tech Firms that Fail to Control Harmful Content
- Insurers Pitch Quick-Paying Parametric Disaster Insurance to Public Sector
- FERMA Criticizes Cyber Insurance Guidelines Proposed by Int’l Standards Organization
- Explaining Europe’s Growing Money Laundering Scandal
- Chinese Authorities Shut Industrial Park After Chemical Blast Kills 78 People
- Insight: Problems on Doomed Ethiopian Airlines 737 MAX Started Seconds After Takeoff
- BHSI Offers Transactional Liability in Asia/Middle East; Pembroke’s Harwood Leads Team
- UN Shipping Agency Seeks to Clamp Down on Rogue Shipping Companies
- Prime Minister May Seeks Another Brexit Delay, Setting Up Battle With EU
- Arthur J. Gallagher Acquires Canada’s Keyser Benefits Corp.
- Japan Post Holdings’ Insurance Unit to Sell Shares Worth $3.7B in Global Offering
- Fallout Grows from Swedbank’s Money Laundering Scandal as Chairman Quits
- UK Financial Services Firms Fail to Improve Gender Pay Gap
- UK-Based MGA EPUL Launches Coverage Solution for Unorthodox Property Risks in UK
- AXA XL Promotes Minors to Product Line Leader, Bermuda Professional Lines Business
- Bayer Detects and Covertly Monitors Cyber Attack – Before It Removes Threat
- Tech Firms Face Fines and Jail for Failure to Remove Violent Content in Australia
- Ethiopian Airlines’ Pilots Followed Proper Boeing Procedures: 1st Official Crash Report
- UK Parliament Votes to Block Damaging No-Deal Brexit as Deadlock Continues
- How Insurtech Will Revolutionize Inland Marine by Cutting Costs
- UK Financial Services Business Flows to EU to Avert Possible Brexit Disruption: Report
- Tokio Marine Kiln Names Curran as Head of Reinsurance, Succeeding Huckstepp
- UK Specialty MGA Nexus Buys an MGA and a Broker – All in One Day
- Root of Brexit Crisis Is that No Good Compromise Exists: Opinion
- Arch Insurance (UK) Ltd. Acquires UK MGA Axiom Underwriting
- Momentum Grows for Electronic Placement of Risks Among London Brokers: LIIBA
- Hub International Acquires Canada Broker Del Fisher Insurance
- EU Financial Services Chief Warns of Market Disruption from No-Deal Brexit
- Beazley Adds Products to Broker E-Trading Platform for UK Businesses
- Money Launderers Could Begin Targeting Smaller Banks, Warns Denmark
- UK Broker Price Forbes Taps Hewett from JLT as Leader of Sharing Economy Practice
- Big 4 Accounting Firms Should Separate Auditing, Consulting Work: UK Lawmakers
- Brexit Stalemate Continues as Senior UK Ministers Consider Delaying EU Divorce
- Sompo International Commercial P&C Promotes Gallagher to New Role of CEO
- Reinsurers Charge ‘Rational’ Rates in April Renewals, from Flat to 25%: Willis Re
- Philippine Payments Operator Mynt, Backed by Ant Financial, Plans to Offer Insurance
- China Factory Explosion Kills 7 People in Second Deadly Blast During March
- Ethiopian Airlines Crash Could Break Record for Non-War Reinsurance Claim: Willis Re
- Brazil’s Caixa Economica Mulls Strategic Partners for Insurance, Asset, Card Units
- SCOR Merges European P/C and Life Entities into SCOR SE
- Marsh & McLennan Completes $5.6 Billion Acquisition of Jardine Lloyd Thompson
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