International & Reinsurance News for April 2018
- Tokio Marine Kiln Names McNamara as Group Chief Operating Officer
- China’s Baidu Selling Majority Stake in Fintechs; May Enter Insurance
- Dutch Terror Victims Seek Damages from Qatar
- Lloyd’s Sees Insurance Helping Burgeoning Sharing Economy Grow
- Chubb CEO Greenberg Is Patient Over M&A But Not With London Market ‘Drunks’
- China Restricts Non-Financial Firms’ Investments in Financial Firms
- Fitch Affirms Negative Outlook for London Market
- Experts Warn on Malicious Use of Artificial Intelligence
- Swiss Re to Create Standalone E&S Unit for U.S.
- AXA Prices IPO of U.S. Division to Help with XL Takeover
- Insurers Say Cyber Insurance Underwriting Is Profitable for Now: PwC
- Zurich Insurance Reported to be Preparing to Cut Stake in Malaysian Unit
- Arch Re Turns Over Discontinued Operations Runoff to Catalina General
- Lloyd’s Taps L Marks, Boston Consulting to Set Up Innovation Lab
- How Hackers Use Hotel Key Cards to Break Into Rooms
- Allianz Proceeds with Euler Hermes Acquisition, Delisting
- Audi Recalls 1.16 Million Vehicles Worldwide
- Markel International Names Davies Trade Credit Underwriter in Singapore
- Beazley Launches GDPR Helpline for UK Policyholders
- Insurer-Backed Research Urges Reform of Fire Tests of British Building Materials
- China Reports Car Accident in North Korea Kills 36
- Bond Insurer Assured Guaranty Defends Against Attack by Greenlight’s Einhorn
- Global Insurers Favor Private Equity Investments
- Finland and Estonia Pioneer with World’s First Hacker-Proof Digital Highway
- AIA’s Chamberlain Joins HSBC Insurance as Global Head of Product and Actuarial
- Lloyd’s to End Most Paper Trading by End of 2019
- Markets Not Getting Better at Insuring Disasters: Viewpoint
- Sompo International Receives Luxembourg OK for Post-Brexit P/C Subsidiary
- Munich Re Not Looking But Would Welcome Investor: CEO Wenning
- MGAA Launches Chrysalis Initiative for Next Generation of Insurance Professionals
- U.S., Europe Order Emergency Checks on 700 Engines Like One in Southwest Accident
- Australia Looks to Heavy Fines to Punish Financial Services Wrongdoing
- Facebook to Restrict Number of Users Protected Under EU’s New Privacy Law: Reuters
- Blackstone Wants to Manage More Insurance Money
- German Prosecutors Eye Investigation of Auto Supplier Bosch over Emissions Scandal
- AIG Prepares for Brexit with Authorization of UK, Luxembourg Subsidiaries
- Tokio Marine Kiln Forms Strategic Agreement with Australian Insurtech Firm Evari
- Miller Hires RKH’s Denee, Marsh’s Moseley for Its Credit and Political Risks Team
- Insurance Australia Group Plans to Sell Troubled SE Asian Businesses: Sources
- Generali to Sell Belgian Operations to Athora Holding for $668.3M in Cash
- Envelop Risk Appoints Hannover Re’s Chatterjee as Chief Underwriting Officer
- Ensurance UK Launches Combined Construction Liability Product
- Schwarzenegger’s UK Ad Campaign Drives Hike in Claims for Mis-Sold Insurance
- Spanish Mayor Offers Gibraltar’s Insurers a Solution for Post-Brexit Access to EU
- Blockchain Revolution to Hit Shipping Industry – with Potentially Huge Cost Savings
- Marsh Appoints Denny as UK Financial & Professional Practice Leader
- Reinsurance Capacity Remains Abundant for Mid-Year Renewals: Aon Benfield
- Malaysia’s Maybank Plans to Spin Off Etiqa Insurance Unit: Sources
- Explaining Ant Financial’s $150B Valuation – and Investor Enthusiasm for China Tech
- Facebook Begins Complying with EU’s Privacy Rules; Global Users to Be Protected
- Fearing Collisions, Airlines Support Global Drone Registry
- Cyber Analytics Firm Envelop Risk Launches Cyber MGA
- Insured Losses from Europe’s Storm Friederike Rise to €1.63B (US$2.0B): PERILS
- Indonesia MPs Grill Facebook Executives on Potential Data Misuse
- U.K. Insurance Exec Denies Misuse of His Firms’ Data to Influence Brexit Vote
- U.K. Businesses Against Uncertainty of Second Brexit Referendum
- U.S. & U.K. Blame Russia for Global Cyber Attacks on Governments, Businesses
- Chubb Appoints Lee as Head of Bancassurance for Asia Pacific
- Generali Completes Sale of Panama & Colombia Operations to ASSA & Talanx
- HWI International Launches MGA with Asian Focus: NuVu Underwriting Hong Kong
- AXIS Launches Cyber Center of Excellence to Help Mitigate Cyber Risks
- Octo Telematics’ Execs to Buy 20% of Russian Shareholder Stake, Paving Way for IPO
- Central Banks Eye Effects of Climate Risks on Oversight of Insurers, Companies: Opinion
- Bitcoins Worth $3M Stolen from India’s Cryptocurrency Trading Platform Coinsecure
- Beazley Appoints Mounier to Head Asia Pacific Operations
- London’s Status as Global Finance Center at Risk from Brexit, Warn Leading Bankers
- London Market Group Launches Team to Manage Market Services Modernization
- Allianz Partners with Drivy in UK to Provide Insurance for Car Sharing Platform
- Marsh Names Lay as CEO, UK & Ireland; Robson as President & CEO, Marsh Canada
- Troubled Chinese Insurer Anbang Interviews Banks About Asset Divestments: Sources
- VC Firm Eos Venture Partners Plans to Raise $100M for Insurtech Investment Fund
- QBE’s Revamped Executive Team Includes Singh as CFO, Swiss Re’s Grewal as CRO
- Octo Telematics’ IPO Delayed After Sanctions Hit Russian Shareholder: Sources
- EU Regulators Urge Insurers, Banks to Take ‘Timely Action’ to Avoid Brexit Disruption
- Everest Re Expects Q1 Catastrophe Losses of $100M on Rising California Wildfire Claims
- Marsh Subsidiary Jelf to Acquire Scottish Insurance Broker Clark Thomson
- PERILS Issues Updated Industry Exposure Database for Australia, Europe & Turkey
- China’s Ant Financial Targets at Least $8B in Investor Funding: Sources
- Marsh Taps Adamantiadis from Oman Insurance as CEO of Middle East & Africa
- Barbican Launches Cyber Resilience Product Called ‘One-Step-Ahead’
- China to Raise Foreign Ownership Limit in Financial Services by Year-End
- Natural Disasters Cost Insurers a Record $144 Billion in 2017: Swiss Re’s sigma
- Reputational Damage from Fake News & Cyber Attacks Raise UK Business Risk: Report
- Sompo Int’l to Form Retail Insurance Platform to Integrate International Businesses
- Moody’s Offers Software for Insurers Preparing for Reporting Standards IFRS 17
- Beazley Names Bergler as Head of Broker Relations for Continental Europe
- China’s Xi Maintains Commitment to Open Economy, Insurance Industry
- London Market Group Appoints Beazley’s Horton as Chair, Succeeding Aubert
- Aluminum Producer Norsk Hydro Denies Brazil Refinery Contaminated Local Waters
- AIR Worldwide, RenaissanceRe Collaborate to Develop Casualty Catastrophe Model
- UK Regulator FCA Calls for Coordination with EU to Assure Smooth Brexit
- Hub International Acquires British Columbia-Based ES3 Insurance Services
- BHSI Introduces Private Company & Nonprofit Organization Portfolio Cover in Asia
- Russia’s Insurers May Need More State Bailouts, Says Insurance Association Chief
- SoftBank Borrows $8B, Backed by Its Stake in Alibaba, Say Sources
- Willis Towers Watson Beefs Up UK Investment Consultancy by Integrating 2 Units
- U.S. March Storms Cost Economy $3B; Argentina, Uruguay Drought $4B: Aon Report
- Facebook ‘Willing’ to Meet with EU Regulators over Widening Data Scandal
- Wawanesa Mutual Names Jardine President of Canadian P/C Operation
- Zurich Taps AXA’s Blanc as CEO of EMEA, Succeeding Shaughnessy
- UK-Based United Insurance Brokers Launches Colombian Retail Operation
- Tokio Marine Kiln Promotes Dugand to Regional Managing Director, Asia
- Faulty Takata Air Bags Prompt New Zealand Recall of 50,000 Cars
- Authorities Fail to Investigate Near-Miss of Drone and Air New Zealand Plane
- Australia Begins Investigation into Facebook over Possible Breach of Data Laws
- Schwarzenegger Is Back – in UK Awareness Campaign About Mis-Sold Insurance
- Swiss Re CEO Manages Shareholder Expectations on SoftBank Investment: Opinion
- Argentine Drought Hits Farmers Who Begin Demanding Crop Insurance
- China’s Anbang Gets $9.7B Capital Injection to Bolster Solvency After Alleged Fraud
- Swiss Re Continues Talks with SoftBank Which Seeks Stake of Up to 10%
- April Reinsurance Renewals Continue Flat Pricing Seen in January: Willis Re Report
- Hub International Acquires Ontario-Based The Benefits Co.
- Lloyd’s Market Association Names New Board Members for 2018
- Insured Losses for Europe’s Storm Burglind/Eleanor Rise to €680M ($837.8M): PERILS
- UK MGA Castel Specialty Launches Global Property Facultative Reinsurance Cover
- Bermuda Monetary Authority Sees Increase in Re/Insurance Registrations in 2018
- FWD Taps Union Life’s Lau as MD of Greater China, CEO of Hong Kong & Macau
- Class Action Suit Filed Against S. Africa’s Tiger Brands After Deadly Listeria Outbreak
- China’s Largest Courier Firm, SF Holding, Wins License to Deliver Parcels by Drone
- Ukraine’s Largest Bank, PrivatBank, Files $3B Lawsuit Against PwC Subsidiaries
- China’s New Insurance & Banking Watchdog to Continue Opening Financial Sector
- Boornazian to Retire as Chairman of Aspen Re and CEO of Aspen Re, Americas
- Ex-Chairman of China’s Anbang ‘Doesn’t Deserve Leniency,’ Say Prosecutors
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