International & Reinsurance News for January 2018
- EU Will Not Offer Post-Brexit Passporting for UK Insurers, Banks: Diplomats
- Worldwide Broker Network Names Gambonini as Global P/C Consultant
- International Underwriting Association Calls for EU Registry of Cyber Claims Data
- Lloyd’s Market Association to Offer International Courses, Technical Programs
- Munich Re Leads $16.5M Financing for AI, IoT Startup Mnubo
- UK Insurtech Startup Inzura Raises $1M for International Growth Plans
- Leaked Analysis Paints Gloomy Post-Brexit Picture for UK: BuzzFeed Report
- Sompo International Appoints Marine, Aviation & Energy Leaders in London
- London Market’s Placing Platform Comes of Age, by Closing Complex Treaty Facility
- General Liability Underwriters to Play Vital Role in Drone Insurance: IUA Report
- China Seeks to Broker Sale of a Stake in Anbang Insurance: Sources
- Starr Companies Launch Enviro-Wrap Product for Construction Risks in Canada
- Ryan Specialty Group Launches Latin America MGA, Capital Bay Underwriting
- Explosion at Refinery Operated by Taiwan Energy Firm CPC Hits Diesel Output
- Capital Markets Still Keen on ILS Investments Despite 2017 Disaster Claims: WTW
- Chubb Launches Agency Management & Agency Underwriting Unit in Singapore
- Artex Risk Solutions Launches Singapore Office, Led by Pannuzzo from Aon
- PERILS Raises Insured Loss Estimate for Germany-Austria’s Cyclone Herwart
- Update: UK Boards Begin to Use Their Clout to Push for Diversity & Inclusion
- Aspen Announces Cohen to Lead Insurance Unit, Succeeding Postlewhite
- AXA Insurance Chief Warns of ‘Uninsurable Basements’ from New York to Mumbai
- Bloomberg Interview with Lloyd’s CEO Beale in Davos: Economic Outlook, Asia Growth, Cyber, Brexit and More
- Bermuda’s Re/Insurance Model to Be Tested Following U.S. Tax Cuts: Fitch
- Cyber VC Firm, Advised by Ex-Intelligence Officials, Plans Europe M&As
- Oil Tanker Disaster to Be Probed by Maritime Authorities from China, Panama, Iran & HK
- China Weighs Merger of Banking, Insurance Regulators: Sources
- Telematics-Based Insurance Policies in UK Rise 30% to 975,000 in 2017: BIBA
- MGA Ascent Underwriting Acquired by Preservation Capital Partners
- January Renewals Saw Rate Hikes of Up to 5%, with More Expected: S&P
- RSA Taps Swiss Re’s Buckle to Lead Global Risk Solutions; Gibbs Promoted to Head Commercial Risk Solutions
- Italy’s Billionaire Benetton Family Plans to Boost Stake in Generali, Say Sources
- Japan’s SoftBank Eyes Taking Stake in India Insurance Startup: Sources
- WPP’s CEO Provides Insights from His Advertising Firm’s Cyber Attack
- Insured Natural Disaster Losses in 2017 Were 38% of Economic Costs of $353B: Aon
- KKR-Backed Optiv Plans to Offer Cyber Security Services in Europe
- QBE Expects US$1.2B Loss in 2017 from ‘Unprecedented’ Natural Catastrophes
- Worldwide Broker Network Appoints CEO of Mojumdar & Co. as New Board Member
- AXIS Capital Restructures to Focus More on Tech & Innovation
- Tata Group Predicts Significant Organic Growth Opportunities in Insurance
- TigerRisk Names Beckers, from Aon, as Partner and Head of EMEA
- Facebook Responds to EU’s New Data Law with Changes to Privacy Controls
- 6.1 Magnitude Quake Hits Indonesia, Causing Damages, Injuries on Java Island
- Airbus Looks to Insurers to Fill Export Trade Funding Gap After Europe’s Freeze
- UK Government Hit for Failing to Publish Brexit Position Paper on Financial Services
- AIG’s Dealmaker CEO Duperreault Says Validus ‘Fits Like a Glove’
- AIG to Buy Bermuda Reinsurer Validus for $5.6B in Cash, Reversing Retrenchment
- London Market’s Priorities in 2018 Are Regulation, Brexit, Modernization: IUA
- Companies Across Globe Race to Comply with EU’s Data Protection Law
- Global Companies Find Economic Opportunities in UN Sustainable Development Goals
- Luxembourg Sees No Reason to Change EU ‘Delegation’ Rules After Brexit
- No Initial Sign that Sunken Iran Oil Tanker Breached Safety Protocols: Panama
- SoftBank Plans $400M Investment in Ping An’s Health-Care Portal: Sources
- Edison Motor Launches on Volante’s New UK-Based MGA Platform
- London’s Brexit-Related Job Losses Will Be Fewer Than 1st Feared: Policy Chief
- Lebanon Spy Agency Turns Smartphones into Spycams in 21 Countries: Researchers
- AIG Taps Barron from PwC as Head of International Government Affairs
- RenaissanceRe to Buy Minority Stake in Run-Off Firm Catalina Holdings
- Microinsurer BIMA Aims to Close Developing Nations’ Protection Gap with Life & Health Cover
- Oil from Sunken Iran Tanker Diffuses into 4 Separate Slicks
- Silent Cyber Included in Willis Re’s Cyber Risk Portfolio Modeling Tool PRISM-Re
- Business, Political Leaders List Cyber Attacks, Geopolitical Tensions as Top Concerns: WEF Survey
- S. Africa Mobile Phone Firm Cell C Seeks M&A to Expand into Insurance
- Aon Benfield’s Christian Named Chair of ClimateWise, Raising Climate Risk Resilience
- Industry Needs to Join Insurtech Wave to Digitize Insurance: AFL’s Esser
- Canada Fintech Firm Ratehub Raises $12M to Grow Insurance & Mortgage Offerings
- Cyber Incidents Most Feared BI Trigger for Global Companies: Allianz Risk Report
- EU Will Reap Benefits of London Staying Strong Financial Hub After Brexit: Opinion
- Iran Oil Tanker Creates Oil Slicks Covering 42 Square Miles: Chinese Government
- UK’s Thomas Cook Partners with Fintech Firm to Offer Pay-Per-Day Travel Cover
- Insurance Protection Gap Is Growing Global Problem; Swiss Re, RenRe & WTW Comment
- AGCS Names Vissing to Succeed Henson as Head of Claims, Regional Unit London
- Deutsche Bank Forms Bancassurance Partnership with Digital Broker Friendsurance
- Here Are Some Post-Brexit Scenarios Being Discussed for UK Financial Services
- Randall & Quilter Sells Insurance Services & Captive Mgmt. Operations to Davies Group
- Argo Group Renews Harambee Re Sidecar Reinsurer for 2018
- Insurance, Finance Fraud in UK Jumps to $2.9B, a 15-Year High
- Update: Sunken Iranian Oil Tanker Causes Large Oil Slick in East China Sea
- Hub International Acquires P/C Book from Montreal Broker Daniel Picard
- Explosions Continue on Iranian Oil Tanker, Hampering Rescue Efforts
- CNA Hardy Names Middleton as CEO of Post-Brexit EU HQ in Luxembourg
- German Prosecutors Investigate Bosch over Suspected Audi Emissions Test Cheating
- Insured Losses for Europe’s Storm Egon Finalized at $329.7M by PERILS
- Insured Losses from Europe’s Storm Eleanor/Burglind Estimated at $1.3B-$1.9B: AIR
- India’s Tata Consultancy Expects Growth in Insurance Sector
- Owner of Blazing Iran Oil Tanker Hopes Crew Alive in Engine Room
- Alternative Capital Responds to 2017 Catastrophes with ‘Show of Strength’: Aon Benfield
- Failure to Agree on Brexit Deal Could Jeopardize 500,000 UK Jobs: Study
- Qatar Re Authorized by UK Regulator to Underwrite from London Branch Office
- XL Group: Loss Estimates of $45M Related to Southern California Wildfires
- Compensation for Iran Tanker Accident Could Be Complicated by U.S. Sanctions
- UK Fines Mobile Phone Retailer Carphone Warehouse over 2015 Data Breach
- California Wildfires Top Arch Capital’s Q4 Catastrophe Losses of $60M-$75M
- UK Prime Minister to Meet Finance Heads to Discuss Brexit’s Threat to London
- UK Broker Beach & Associates to Be Acquired by Michigan-Based Acrisure
- Iranian Oil Tanker Continues to Burn in East China Sea; No Large Scale Spill Expected
- Allianz Suisse to Buy DAS Switzerland from Munich Re’s ERGO
- UK Names Former Accenture Exec to Oversee London Financial Services Industry
- Few Women Hold Leadership Roles in Germany’s Financial Services Sector: Study
- Fidelis Promotes Coulson to Chief Underwriting Officer, UK
- Maintenance Work Causes Majority of Auxiliary Engine Damage in Vessels: Swedish Club
- Search for Missing Malaysia Airlines Flight 370 Resumes – 4 Years After Disappearance
- Update: High Winds, Toxic Gases Hinder Efforts to Douse Iranian Oil Tanker Fire
- AXIS Capital Aligns Lloyd’s Agency Platforms After Its Acquisition of Novae
- Parametric Insurance Can Help Close Global Protection Gap: Clyde & Co. Report
- London’s Brexit-Related Job Losses May Not Be as High as Initially Feared
- Chubb Enhances Work Injury Compensation Product in Singapore
- MS Amlin Creates Bermuda-Based Reinsurance Sidecar, Viribus Re
- Pioneer Launches Latin American Operation with 4 Senior Hires
- China’s Ping An Saw Stock Market Capitalization Climb Whopping $101B in 2017
- Fire Rages on Iranian Oil Tanker After Collision in East China Sea; Crew Missing
- Partner Re’s Walker Retires; Goldie Named CEO of P/C; Clarke Heads Specialty Lines with Haft
- Catastrophe Bond Issuance Tops New Record of $10.5B in 2017: Verisk Report
- Insured Losses for Germany’s Cyclone Xavier Rise to US$391.5M: PERILS
- Rosengarten Retires as XL Group’s Enterprise Risk Officer; Norton Named Successor
- Damage to Coral Reefs Accelerating on Rising Sea Temperatures: Report
- ‘Weather Bomb’ Hits Canada’s Nova Scotia Causing Power Outages, Canceled Flights
- Most UK Tories Oppose 2nd Brexit Vote; 78% of Labour Would Support It
- Armour Raises $500 Million to Create Bermuda Reinsurer, Armour Group Ltd.
- Allianz’ Property Unit Plans to Double Asian Investments in Next 3 Years
- Travelers Europe Offers Enhanced Cyber Cover for UK & Ireland Tech Sector
- Natural Catastrophe Claims in 2017 Reached a Record $135B: Munich Re
- China’s Ant Financial May Re-Think Global Ambitions After MoneyGram Deal Fails
- Beale to Succeed Philipps as CEO of MS Amlin
- Experts Warn of Security Flaws That Expose Most Computers, Phones to Hackers
- The Fine Art of Underwriting Through Soft & Slightly Harder Market Cycles
- Qatar Re Agrees to Buy Markerstudy’s Insurance Companies in Gibraltar
- Zurich Insurance to Sell UK Student Insurer Endsleigh to Broker A-Plan
- Neon Launches First ILS Vehicle in UK, NCM Re
- Property Reinsurance Rates Rise Less Than Expected in Jan. 1 Renewals
- Aon Acquires Real Estate Investment Advisor Townsend Group
- Ageas Sells Stake in Italian Bancassurer CARGEAS to BNP for $213.6M
- R&Q Buys Old Mutual’s Run-Off Captive, Constantia Insurance
- Swiss VW Owners Seek Damages for ‘Dieselgate’ Emissions Scandal
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