International & Reinsurance News for September 2019
- Lloyd’s Reveals Blueprint to Build ‘Most Advanced Insurance Marketplace’
- London Market’s Early Modernization Program, LM TOM, Is Being Wound Down
- Switzerland’s Helvetia to Begin Underwriting Worldwide Aviation Insurance in October
- Insured Losses from Typhoon Faxai Estimated at US$5 Billion to US$9 Billion: RMS
- U.K. Embraces E-cigarettes, as U.S. Scrambles to Crack Down on Vaping
- Here’s How EU Officials Rate Chances of Brexit Deal – as Deadline Looms
- Wholesale Broker H.W. Kaufman Buys U.K. MGA and Cyber Specialist Node International
- Europe’s Money Laundering Scandals Expand with Criminal Probe of ABN Amro
- AXA XL Appoints Ex-Zurich Executive Longo as Country Leader, Italy
- Parametric Catastrophe Facility CCRIF Pays US$12.8M to Bahamas for Dorian Damages
- Munich Re Syndicate Labuan Promotes Ng to General Manager and Principle Officer
- EU Loses Faith in PM Johnson’s Ability to Deliver Brexit Divorce Deal by Oct. 31
- Hackers Target Airbus via Computer Systems of Suppliers, Contractors
- AI Specialist omni:us Awarded €1.6M from EU to Enhance AI-Powered Claims Platform
- AIG Taps Eccles from Argo, Langdon from Chubb for Senior Global Specialty Roles
- AXA XL, Accenture Partner to Provide Cyber-Security Services to AXA XL Clients
- Everest Insurance Buys Remaining Shares of Canadian IT Consulting Firm Salus Systems
- U.N. Science Panel Warns Climate Impacts on Oceans Include Rising Seas, Dry Rivers
- Apollo’s Insurer Unit, Athene Holding, Quietly Settles Harassment Case Against CEO
- Tropical Storm Jerry Takes Aim at Bermuda, Just Days After Humberto’s Battering
- Broker Clements Worldwide Buys Dutch Financial Services Broker, The Financials
- Uber Must Show London Regulator Its Drivers Are Insured, Trained, for License Renewal
- Insurers Continue to Cover Beach Resorts Despite Spate of Caribbean Hurricanes
- Insurers to Offer up to $5B in Capacity to Hike Developing Nations’ Climate Resilience
- U.K. PM Johnson Vows to Exit EU (With or Without a Deal) After Historic Court Defeat
- Lloyd’s Culture Survey Reveals ‘Ugly’ Levels of Sexual Harassment
- Allianz, MS&AD, Other Suitors in Race to Buy Aviva’s Asia Units for Up to $2.5B: Sources
- Many Major Central Banks, Minus U.S. Fed, Taking Action on Climate Change Risks
- BHSI Opens Office in Spain, Names Almazan from RSA as Country Manager
- Travelers to Transfer European Business to Dublin Subsidiary in Preparation for Brexit
- Rethinking the Limits of Parametric Insurance
- U.K. Travel Insurer Saga Secures Flights for Clients Hit by Collapse of Thomas Cook
- Swiss Re Corporate Solutions Appoints Semprini from HDI Global as Head Italy
- Dangers of Booming Securitized Loan Market Highlighted by Bank for Int’l Settlements
- Bellomi to Replace Semprini Who Will Step Down as HDI Global’s Head of Italy Branch
- Typhoon Tapah Disrupts Hundreds of Domestic Flights in Japan and South Korea
- Brazil Police Accuse Mining Firm Vale, Auditor of Fraud Related to Deadly Dam Collapse
- Good Leaders Challenge the Status Quo-and Themselves: SCOR’s Conoscente
- Staying Profitable in an Increasingly Fragmented World: SCOR Global P&C CEO
- Zurich Insurance Taps Giger from Swiss Regulator, FINMA, as Group Chief Risk Officer
- Aviation Industry Braces for Double-Digit Premium Hikes After 737 MAX Groundings
- African Swine Fever Spreads in Philippines
- France’s CNP Assurances Reaches Bancassurance Deal with Brazil’s Caixa Worth $1.7B
- Re/insurers Rethink Climate Change Risks as Losses Grow from Wildfires, Floods, Hail
- Bermuda’s Brit Re Gets ‘A’ Rating from AM Best as Firm Prepares to Write Casualty Treaty
- Hurricane Humberto Grazes Bermuda, Causing Little Damage
- AXA Liabilities Managers Buys Non-Life Legacy Portfolio of Munich Re Malaysia
- Lloyd’s to Open Miami Office to Expand Its Latin American and Caribbean Business
- Markel Hires Slade from Hamilton Capital as President of New ILS Fund, Lodgepine
- Arch Insurance (UK) and Marsh Launch ‘Blue Vault,’ Insurance Cover for Digital Assets
- Atlantia CEO Resigns 13 Months After Fatal Genoa Bridge Collapse
- As Brexit Fatigue Grows, the Political Will to Prevent No-Deal Exit Is Evaporating
- BHSI Taps Executives from AIG and AXA XL as Claims & Product Line Leaders in France
- Hurricane Humberto Knocks Out Power Lines, Plunging Bermuda into Darkness
- Humberto Becomes Major Hurricane but Bermuda Could Be Spared Direct Hit
- Business Leaders Spend Less Than 1 Day a Year Focusing on Cyber Risk: Marsh Survey
- Risk of No-Deal Brexit Is Now ‘Palpable,’ Says EU’s Juncker
- Lloyd’s Expects ‘Sobering’ Results from Survey of Workplace Culture
- Lloyd’s Names Sansom Chief Risk Officer, Announces Departure of Chief People Officer
- Lloyd’s Returns to Profit in 1st Half After 2 Full Years of Losses
- BNP Broker Wins Sex Discrimination Lawsuit, Highlighting Unequal Pay, Laddish Culture
- As Legacy Acquisitions Boom, What Will Happen to Deal Pricing?
- Prime Minister Johnson’s Brexit Plan Goes to Court as Latest EU Talks End in Failure
- Here’s How Aon’s New Reinsurance Auction Works
- Probe into Deadly Genoa Bridge Collapse Reveals Falsified Safety Reports: Police
- Marsh Taps AIG’s Manson, Aon’s Mills for U.K. Mgmt Liability, Wholesale Placement Roles
- 18-Karat Gold Toilet Stolen From Winston Churchill’s Birthplace
- Specialty Lines Insurance: Innovating at the Edges of Society and the Economy
- Electronic Marketplace AkinovA Donates Data Assets to ACORD for Industry Standards
- RSA Ireland Names Thompson from Insurance Ireland as CEO
- VIBE Syndicate Mgmt Closes Accident & Health, Property Direct & Facultative Units
- Insured Losses for Typhoon Faxai Estimated at US$3B-US$7B: AIR Worldwide
- JBA Risk Management Launches Probabilistic Global Flood Model
- Humberto Strengthens into 3rd Atlantic Hurricane of 2019, Heading to Bermuda
- Reith to Step Down as Group CEO of Neon
- U.K. Police Drop Probe Into Pro-Brexit Group Leave.EU, Co-Founded by Insurance Exec
- Euro Zone to Launch Public Cryptocurrency in Response to Threat of Facebook’s Libra
- U.K. Telematics Insurer Finds Motorists 32% More Likely to Crash on Friday the 13th
- Edwards Named CEO of Aspen Insurance UK and Aspen Managing Agency
- New Tropical Storm Threatens Bahamas and Could Set Sights on Eastern Florida
- Tokio Marine Kiln Announces Leadership Changes, Including New CEO Irick
- U.K. Prime Minister Warned that Parliament ‘Forcefully’ Will Try to Stop No-Deal Brexit
- Liberty Specialty Markets Promotes Montoya to President of U.S., Bermuda and LatAm
- Markel Launches Bermuda Retrocessional ILS Platform, Lodgepine Capital Management
- Dorian Drowned People Taking Refuge in Attics with Its Storm-Surge of 20-25 Feet
- Cyber Risk Modeling Company Kovrr Raises $5.5 Million
- U.K. Insurer RSA Merges Commercial Risk Solutions, Global Risk Solutions Businesses
- ARAG, Morrison Insurance Solutions Launch Coverage for FosterTalk Legal Guardians
- AXA XL Appoints Zurich’s Tello to Lead New Captive Insurance Practice in Canada
- DARAG Buys Zurich’s German Architects & Engineers Professional Indemnity Portfolio
- Aspen Appoints Kotch from Validus as Chief Information Officer
- Insurance Linked Securities in 2019: Asking the Right Questions
- 3 Industry Veterans Relish Fresh Start for Their Latest Legacy-Free Ventures
- Nephila Launches Independent Lloyd’s Managing Agency
- India’s Reliance Capital Ends Talks to Sell Its General Insurance Unit
- Marsh Appoints Smith as Chairman and CEO of UK Aviation Practice
- Hurricane Dorian Insured Losses in Caribbean from Wind, Storm-Surge Could Hit $6.5B
- UK Government Will Not Delay Brexit, Says PM Johnson
- Typhoon Faxai Makes Landfall in Tokyo Area, Killing 1, Disrupting Travel
- China Regulator Puts Cap on Insurers’ Investments in Shareholders
- Guy Carpenter Names Priebe as Chairman
- Aon Launches Real-Time Loss Forecasting for U.S. Hurricanes, European Windstorms
- Space-Faring Nations Need Regulations to Prevent Satellite Collisions: Opinion
- Oil Industry’s $50 Billion in New Projects Conflict with Paris Climate Goals: Think Tank
- Starr Insurance Names Zhou President of China P/C Insurance
- Thousands Are Missing, Including Many Children, After Worst Hurricane to Hit Bahamas
- Arthur J. Gallagher Acquires UK Property-Owner Insurance Broker, RGA Group
- AXA, Affin Bank Weigh Possible Sale of Malaysian Insurance Business
- Total Losses in Bahamas from Hurricane Dorian Estimated at $7 Billion
- Update: Parametric Catastrophe Pool, CCRIF, to Provide Rapid Payout for Bahamas After Dorian
- Germany to Limit Use of Weedkiller Glyphosate Then Ban It 2023
- With U.S. Leadership Grounded, Global Regulators Worry About 737 Precedent
- Bahamas Facing Humanitarian Crisis in Wake of Hurricane Dorian
- Colombia Plans $23 Billion Holding Company for State-Run Businesses
- ArgoGlobal Syndicate 1200 to Exit Asia and Global Hull Underwriting
- UK Banks’ Payment Protection Insurance Scandal Is Getting Costlier
- Ryan Specialty Group’s Transactional Risk Unit, Hunter George, Gets a Name Change
- CFC Underwriting Enhances Product Recall Coverages
- MS Amlin Names Beazley as Head of Reinsurance, Replacing Few Who Joins TigerRisk
- UK PM’s Brexit Plan Suffers Humiliating Defeat as Election Fight Looms
- Analysts See 2020 Reinsurance Price Hikes Due to Catastrophes
- Aspen Insurance Holdings Appoints Ritz from Validus as President
- UK Finance Minister Tells Executives Finance Sector Is His Priority as Brexit Nears
- Brexit Is Moving £61 Billion in London Insurance Business to Rival Financial Centers
- Guy Carpenter Fires Executive Who Sent Harassing Email About Colleague
- Powerful Hurricane Dorian Brings ‘Historic Tragedy’ to Bahamas
- Category 5 Dorian Batters Bahamas; Florida, Southeast Coast Await Fate
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