International & Reinsurance News for August 2018
- Markel to Acquire Insurance-Linked Securities Manager Nephila
- Lloyd’s Commercial Officer Vandendael to Exit Lloyd’s to Take Executive Role at Everest
- Zurich Insurance Begins Competition to Find Cutting-Edge InsurTech Startups
- Canopius Signs Partnership with Credit and Political Risk MGA, Anvil Underwriting
- ILS Issuance in H1 Tops $7B, Reflecting Capital Markets’ Re/Insurance Appetite: Swiss Re
- Elkann Steps Down as Chairman of PartnerRe, Succeeded by Dowd
- Allianz Names Schlatmann from Russia’s Sberbank as CEO of European Direct Business
- Germany Echoes UK Concerns over Post-Brexit Risk to Insurance, Derivative Contracts
- AXIS Names Ventresca to New Position of Chief Strategy Officer
- As Arctic Ice Melts, New Energy Shipping Trade Route Opens
- China’s Largest Ride-Hailing Firm Didi Suspends Service After 2nd Passenger Killing
- Hong Kong Seeking Talent in Marine Insurance, Cyber Security, Actuarial Science, etc.
- India Government Recommends J&J Pay Compensation for Recalled Hip Implants
- UK, EU Officials Drop October Deadline for Brexit Divorce Deal: Sources
- Litigation Financing Emerges as Alternative Asset Class for Wealthy Investors
- THB Announces New Strategy, Leadership for UK Wholesale Broking Operation
- Google Partners with Indian Banks to Attract Users to Its Digital Payments Services
- Insurers Increasingly Seek Legacy Transfers to Shed Long-Tail Liabilities
- Cape Town Drought Highlights Water Scarcity Risk to Vulnerable Cities Globally: UBS
- No-Deal Brexit Won’t Be ‘End of the World’: UK Prime Minister
- Lloyd’s Market Assn. Appoints Navigators’ Cameron as CEO, Succeeding Gittings
- Hong Kong’s FWD to Buy HSBC’s Stake in Malaysia Insurance Joint Venture: Sources
- Berkshire Invests $356M in One97, Parent of India’s Biggest Digital Payments Firm
- Private Equity Firm Apollo to Buy Aspen Insurance for $2.6 Billion
- The Co-operators Offers Storm Surge Insurance to Homeowners in Atlantic Canada
- UK’s GoCompare.com Attracts Interest From KKR, Other Private Equity Firms
- Canada Should Require Stronger Rail Cars for Crude Before 2025 Deadline: Official
- What Will Happen to EU Financial Services Firms After No-Deal Brexit?
- Germany Wildfire Southwest of Berlin Detonates Buried WWII Ammunition
- Alcohol in Any Amount Found Unsafe; Linked to 3 Million Deaths a Year: Global Study
- China’s Giant Ping An Insurance Sues U.S. Broker Over Use of Name
- South Korea Braces for Typhoon Soulik, While Typhoon Cimarron Aims at Japan
- AFL Insurance Brokers Appoints Gagg from Towergate Insurance as CFO
- Bayer’s Monsanto Faces 8,000 U.S. Lawsuits on Glyphosate-Based Weedkillers
- Swiss Re Names Higginbotham as CEO Reinsurance EMEA, Succeeding Henchoz
- Genoa Bridge Was Crumbling onto Homes Below for Many Years Before Disaster
- EU Action Needed to Ensure Post-Brexit Continuity of Cross-Border Insurance: UK
- Markel Appoints Beazley’s Lam as Professional & Financial Risks Underwriter
- Venture Capital Firm, Beat Capital, to Merge with Insurer Investment Vehicle Paraline UK
- Insurance Data for Sale in China – Despite Strict Data Protection Laws
- Australia Bans China’s Huawei from Supplying Mobile Equipment, Citing Hacking Risks
- Operator of Genoa Bridge Says New Steel Bridge Can Be Built in 8 Months
- New World of Digital Recruiting: Chatbots, Videos and Social Media
- UK Could See Surge in Subsidence Claims Due to Prolonged Dry Weather: Sedgwick
- Guy Carpenter Partners with RPC Consulting to Offer Re/Insurance Analytic Platform
- Insurance Premiums from Insurtech to Exceed $400 Billion by 2023: Study
- Engineers Determined Genoa Bridge’s Strength Had Reduced by 20%: Report
- QBE’s Restructuring Gains Traction with Its Focus on Profitable Underwriting
- Hannover Re’s CEO Wallin to Retire, Succeeded by Swiss Re’s Henchoz
- UK Insurers Push Ahead with Brexit Plans in Absence of Trade Deal: A.M. Best Report
- Chubb Appoints Wong as Country President for Hong Kong, Taiwan & Macau
- AIR Worldwide Estimates Insured Losses from Japan Floods Could Reach US$4B
- Genoa Bridge’s ‘Unusual’ Design Investigated as Possible Contributor to Collapse
- China’s Ping An Insurance Profits Rise 34% in First Half, Biggest in 10 Years
- Extreme Weather Risk Grows as Warming Earth Disrupts High-Altitude Winds: Study
- VW’s CEO Knew About Cheating Software Before Scandal Emerged: Der Spiegel
- Benetton Family’s Wealth Drops by $2B After Genoa Bridge Disaster
- China Imports with Iranian Oil Tankers and Insurance, Amid Sanctions: Sources
- As Cyber Insurance Market Grows, Accumulation Risk Is Key Concern: Geneva Assn.
- India Hit with Worst Floods in Century, Bringing Damages of $3B, 350-Plus Deaths
- Steamship Mutual Authorized to Establish Branch in Hong Kong
- China’s Online Insurer ZhongAn to Get Investment from SoftBank for Overseas Growth
- No-Deal Brexit: A Lose-Lose for UK and EU Financial Stability
- Chubb Launches Major Accounts Division in Asia-Pacific Region, Headed by White
- ACORD Launches Data Toolkit for London Market Reinsurance, Big Commercial Risks
- Engineering Study Last Year Warned Operator About Stability of Genoa Bridge: Reports
- Acrimonious, Disruptive No-Deal Brexit Is Growing Risk, Says Fitch
- Broker Protean Risk Taps Marsh’s Sargeaunt as Director of Fintech, Payment Services
- Why Insurers Should Love, Not Fear, Amazon: Viewpoint
- Global Insured Catastrophe Losses Decline to $20 Billion in H1: Swiss Re
- AXIS Re Appoints PartnerRe’s Pollak to New Role as Head of Product Center
- Randall & Quilter Signs Program Underwriting Partnerships with 3 European MGAs
- Italy Bridge Operator’s Shares Drop After Disaster; Supply Chain Impact Expected
- Brexit Effect: Number of EU Nationals Working in UK Plunges During Q2
- Australia’s QBE Reports 4% Rise in H1 Profit – on Fewer Natural Disasters
- Amazon Weighs Formation of UK Insurance Comparison Website: Reuters
- Italy Government Blames Genoa Bridge Operator as Collapse Death Toll Rises
- StarStone Launches Casualty Consortium for Australia, New Zealand Markets
- Capsicum Re’s Cyber Team Taps Paragon’s Goring as Broker, BMS’ Naidu as Wordings Director
- Cyber Criminals Steal $13.5M from India’s Cosmos Bank
- S. Korean BMW Owners Asked Not to Drive Until Fire Risk Inspections Completed
- Risk of ‘Chaotic’ No-Deal Brexit Increasing: UK Foreign Minister Hunt
- Bridge Collapses in Genoa, Italy, with 35 Deaths Reported
- Canada Delays Sales of Recreational Cannabis in Retail Stores as Legalization Looms
- Indonesia Quake Losses Exceed Several Hundred Million Dollars; Deaths Pass 430
- Hackers Could Target Fax Machines as Backdoor into an Organization’s Network
- Moody’s Forms Stockholm Subsidiary to Prepare for Brexit
- Marsh Launches Solicitor’s Professional Indemnity Solution in England, Wales
- Chubb Taps Edey from Amtrust as Head of Management Liability, UK & Ireland
- UK Insurer ESure Receives $1.5 Billion Offer from Bain Capital
- Various Scenarios for Brexit: Deal, No Deal, New Referendum?
- Explosion at Brazil Steelmaker Usiminas’ Plant Injures 30
- China’s Tech-Focused Insurer Ping An May Be Poised for Major Asian Growth Leap
- Philippine Flooding Kills at Least 6, Displaces Many Thousands
- Chubb Appoints Nazir from Aspen as Cyber Underwriting Manager, UK & Ireland
- Starr Partners with Travel Shield on Canadian Medical Insurance Super Visa
- 2nd Chinese Manufacturer Makes Tainted, Carcinogenic Heart Drug: EU
- UK Should Drop Migration Target After Brexit: Business Lobby
- Zurich Canada Promotes Mered to CEO
- July’s Droughts, Wildfires, Floods Caused Billions in Global Economic Losses: Aon
- Sicilian Gangsters Crushed Limbs to Fake Car Accidents in Insurance Fraud: Police
- Global Commercial Insurance Prices Rise for 3rd Consecutive Quarter: Marsh
- 3rd Major Earthquake Hits Indonesian Island of Lombok; Deaths Top 300
- China Recalls Defective Vaccines Exported to Overseas Markets
- Hub International Buys Canadian Broker Blackstone Insurance, Benefits & Bonding
- Ping An Eyes Bid For Prudential’s Asia Business, in Biggest Outward M&A: Sources
- CNA Canada Taps Metcalfe from Gallagher as CFO and SVP
- Barbados Ex-Minister Charged in U.S. with Laundering Bribes from Insurer
- Typhoon Shanshan Moves Past Tokyo, Averting Major Disruption
- Zurich’s H1 Net Income Rises 19%, Getting Boost from P/C Unit
- AIG Appoints Aspen Re’s Lillelund as CEO of AIG Europe in Luxembourg
- Hub International Acquires Ontario-Based Benefit Broker Services Inc.
- Major Post-Brexit Risk: UK’s $33.5B of Financial Services Exports to EU
- Typhoon Shanshan Approaches Tokyo, Slowly
- Aspen Promotes Issavi to Lead Its Reinsurance Business, Succeeding Lillelund
- Samsung Galaxy S7 Smartphones Vulnerable to Hackers: Researchers
- Starr to Acquire Aspen’s Aviation Insurance Renewal Business
- Aspen’s Restructuring Continues – To Improve Results, Preserve Shareholder Value
- Portugal Battles Wildfire as Intense Heat Wave Continues Across Europe
- No-Deal Brexit Doomsayers Could Be Helping UK Prime Minister in Negotiations
- U.S. Passengers File Lawsuits Against Aeromexico over Plane Crash
- Powerful Earthquake Slams Indonesian Island of Lombok, Killing at Least 98
- Nephila Gets In-Principle Approval From Lloyd’s to Form Managing Agency
- BMW Korea to Launch Vehicle Recall After Spate of Engine Fires; Class Action Filed
- Typhoon Shanshan Heads Toward Tokyo, as 13th Tropical Storm of Season
- Hub International Buys Ontario-Based Southland Insurance Brokers
- Taiwan iPhone Chipmaker Scrambles to Recover After Debilitating Computer Virus
- UK Is Facing Messy, No-Deal Brexit, Warns Trade Secretary Fox
- Munich Re to Stop Investing in Coal-Related Business, Insuring New Coal-Fired Plants
- AIR Releases New Reinsurance Catastrophe Modeling Software, Touchstone Re
- London Market Group Appoints JLT Specialty’s Lebecq as CEO
- Hub International Buys P/C Business of Ontario Broker Cypher Systems Group
- Odds of No-Deal Brexit Are ‘Uncomfortably High,’ Warns BOE’s Carney
- Allianz Beats Q2 Profit Estimates with Help of PIMCO Bond Fund Unit
- Swiss Re Weighs IPO for UK Closed-Book Business; Pricing Pressures Hit Earnings
- CNA Hardy’s EU Subsidiary Granted Insurer License in Luxembourg
- Crash Investigators Locate Aeromexico’s Flight Recorders
- Insurer RSA Reports 15% Drop in H1 Operating Profit on Winter Weather Claims
- AXA Gives Under-Fire CEO Buberl a Needed Boost on Strong H1 Profits
- Insurtech Firm Wefox Seeks New Funding with Softbank Among Investors: Sources
- Hong Kong Insurance Market Attracts Mainland Chinese Seeking Lucrative Pay
- AIG, Carlyle Group Partner to Build Reinsurer, Run-Off Firm for Complex Risks
- Aeromexico Plane Crash Causes Dozens of Injuries but No Deaths
- Broker THB Taps Bertelkamp from Ansvar Insurance as European Operations Director
- Update: Chubb Partners with Uber to Cover South African Drivers
- UK’s Financial Services Exports Highlight Need to Keep Post-Brexit Access: Officials
- S&P Probes If Reinsurers Are Ready for Another Year of Active Natural Disasters
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