International & Reinsurance News for September 2018
- Death Toll from Indonesia’s 7.5 Magnitude Quake, Tsunami May Reach Thousands
- Typhoon Trami Hammers Japan; Flights and Trains Canceled in Tokyo
- Brexit Price Tag for UK Government Is £500 Million per Week: Study
- Just Like Many British Homes, UK Insurers’ Shares Are Subsiding This Summer
- UK Regulator to Probe Personal Lines Providers for Overcharging Customers
- Australia’s Financial Institutions Put Profit over Customers, Mis-Sold Insurance: Inquiry
- AXA XL Canada Taps Ashall from Aon Reed Stenhouse for Broker & Client Mgmt. Team
- Most UK Firms Unprepared for EU Exit; Hard Brexit Could Bring Investment Cuts: Survey
- AXIS Insurance International Names Cullum to New Role, Head of Business Development
- Toyota Eyes Future When People Don’t Buy Cars, Pushing Ride-Hailing Ties, Insurance
- Aon Policy Provides Financial Support to Terrorist Victims
- AXIS Specialty UK Offers GCHQ-Certified Training at Cyber Center of Excellence
- More Firms Report Climate-Related Risks, but Few Disclose Financial Impact: G20 Report
- Zurich to Acquire 80% Stake in Indonesia’s Adira Insurance for About $414M
- China’s Debt-Ridden Anbang Insurance Aims to Sell $200M of Japan Real Estate: Sources
- SME Law Firms in England & Wales May See Rise in Professional Indemnity Rates: Marsh
- KPMG Loses More Staff & Clients in Continuing Fallout From S. Africa Gupta Scandal
- Berlin-Based Insurtech Firm Coya Launches with Home Content Insurance – as a Start
- Insured Losses from China’s Typhoon Mangkhut Estimated at US$1B-US$2B: AIR
- AXA XL Names Moniz & Scully to Lead Excess Casualty Teams in Bermuda, Dublin, Respectively
- UK Financial Firms Expect 5,766 Jobs to Move with Hard Brexit: 3rd Reuters Survey
- As Brexit Day Nears, 630 UK Financial Services Jobs Have Shifted to EU, Reuters Finds
- Major Oil and Gas Firms Pledge to Cut Greenhouse Gases to Fight Climate Change
- Chubb Appoints Konz as EVP, Reinsurance Officer, Overseas General Insurance
- Singapore’s Changi Airport Tests Terminal Run by Robots, Not Humans
- UK Labour Party Sees 2nd Referendum as Way to Avoid Chaotic No-Deal Brexit
- Global Insurers Realize Innovation Is Critical for Future Success: A.M. Best Survey
- Pioneer Taps XL Catlin’s McMellin as CEO; Douetil Becomes Chairman, as Taylor Retires
- AXA XL Names Greensmith CEO of Catlin Underwriting Agencies, XL Catlin Insurance Co. UK, Succeeding Jardine
- Geopolitical Tensions Cause Rise in Political Risk Losses: Willis Towers Watson Report
- Alcohol Abuse Caused 3 Million Deaths in 2016 – and Most Were Men: WHO
- Annual Global Festival for Diversity & Inclusion, Dive In, Begins This Week
- Swiss Re Taps Berger From Allianz as CEO Corporate Solutions, Replacing Galvagni
- Space Junk: Emerging Global Risk Threatens Satellite Communications – Opinion
- Brexit Divorce Stalemate: EU Leaders Reject UK Blueprint as Deadline Looms
- Tokio Marine Kiln Appoints Patel, Formerly with AXIS/Novae, as CFO
- Fidelis Takes Equity Stake, Provides Capacity, for Energy Market MGA, Kersey Specialty
- Lloyd’s Returns to Pre-Tax Profits, Reporting £600M ($793.1M) During 1st Half
- Pilots Forget to Pressurize Cabin of Jet Airways India Flight, Injuring Some Passengers
- International Olympic Committee Signs Allianz as Sponsor from 2021 to 2028
- India Refinery Cancels Iran Oil Imports to Keep Insurance Cover as Sanctions Loom
- Marsh Names Fraser as CEO, UK Corporate; Grogan Becomes Chairman of Marsh Ireland
- AXIS Capital Names O’Sullivan as CEO of AXIS Specialty Europe and AXIS Re
- Members of Assn. of Bermuda Insurers & Reinsurers Provide $840M to Local Economy
- Will Robots Take Your Job? It Depends on Where You Live: OECD
- Equifax Slapped with $658,000 Fine for Privacy Lapses After UK Cyber Attack
- UK Finance Minister Urges EU to Help Devise Hard-Brexit Contingency Plans: Reuters
- Lloyd’s Market Association & Lloyd’s Issue Policy Documents in Preparation for Brexit
- Drivers of Marsh & McLennan-JLT Deal: Too Much Capital, Not Enough Growth – Opinion
- BHSI Expands Team in Dubai with Product Line, Service Appointments
- After Spate of Typhoons & Hurricanes, World’s Oceans May Take a Breather
- UK Cryptocurrency Market Similar to ‘Wild West’ and Should Be Regulated: Lawmakers
- Marsh & McLennan Moved Quickly as Stars and People Aligned in JLT Deal
- Global Insurers in Mood to Take on New Investment Risks
- Marsh & McLennan to Acquire Broker JLT
- Berkshire Hathaway Specialty Opens Munich Office; Names Key Underwriters
- IMF Contends Failure to Reach Brexit Deal Will Shrink British Economy
- A.M. Best Sees Recent Floods Having Limited Effect on India’s Insurers’ Ratings
- BMS Group Adds 4 to Energy Division
- Thomas Miller to Acquire Germany’s Zeller Associates’ MGA, Insurance Operations
- Hong Kong, Southern China Restoring Operations After Super Typhoon
- Allianz Under Fire by Australian Commission for Travel Insurance Sales
- Brexit Talks Set to Intensify as EU, UK Seek Final Exit Deal
- VW, Other Carmakers in Talks Over Autonomous Vehicle Standards
- Super Typhoon Mangkhut Targets China After Killing More Than 50 in Philippines
- RMS Estimates Insured Losses from Typhoon Jebi Could Reach $5.5 Billion
- Fidelis Insurance Restructures Its Underwriting Businesses into 4 Pillars
- Liberty International Underwriters & Ironshore Canada Renamed Liberty Mutual Canada
- Mullarkey to Head Canada Property & Energy for Swiss Re Corporate Solutions
- German Court Postpones Key Case on YouTube Liability to Obtain EU Opinion
- Survey Finds Cyber Crimes Cost German Businesses $50 Billion
- AXA’s Duverne Named Chairman of Insurance Development Forum, Replacing Catlin
- Powerful Typhoon Mangkhut Triggers Evacuations in Philippines
- Hanover Insurance to Sell Specialty Unit Chaucer to China Re for $950 Million
- Volvo Offers Self-Driving Truck with No Cab as Way to Address Shortage of Drivers
- Google Case Tests Global Reach of EU’s ‘Right to Be Forgotten’
- BoE’s Carney Cites China’s Financial System as Risk to Global Financial Stability
- Industry Blockchain Initiative B3i Gets Ready to Go Live for January Renewals
- Lancashire Promotes Irvine to Chief Underwriter, Readdy to Group Chief Actuary
- Brexit Knocks London Off Its Top Financial Center Perch; New York Benefits
- EU Lawmakers Agree on Internet Copyright Reforms in Blow to Tech Giants
- German Consumer Agency to Seek Damages Against Volkswagen Over Diesel Tests
- Allianz Chief Economist El-Erian Q&A on Trump Trade Battles, Emerging Markets, Brexit
- AXIS Names 3 to New AXIS Re Strategic Partners
- J&J in India Agrees to Work on Compensation Plan for Hip Implant Patients
- XL Catlin’s Duffy to Join AIG as Bermuda Manager
- GC Genesis, Guy Carpenter’s Insurer-Insurtech Matchmaker, Aims to Prevent Bad Relationships
- AXA to Complete Acquisition of XL Group Sept. 12
- Chevron Wins Ecuador Environmental Case Before International Tribunal
- Why Catastrophe Bonds Are Anything But a Disaster: Viewpoint
- Liberty Mutual Forms Global Transaction Solutions Unit, Taps Bamford to Lead
- Aon’s Blackwell to Join JLT Re as Partner
- Why Reinsurance Industry Consolidation Will Continue: Fitch
- British Airways Says ‘Sophisicated’ Hacker Stole Data on 380,000 Customers
- Nexus Completes Acquisition of Castel’s Aerospace MGA Altitude Risk Partners
- Volkswagen Investors Seek $10.6 Billion Over Diesel Scam
- Alibaba’s Ma to Step Down as Chairman in Year; Zhang Named Successor
- Expect a Very Different Looking Lloyd’s Workspace In a Few Years: Beale
- Insured Losses from Typhoon Jebi Estimated at $2.3-$4.5 Billion: AIR
- Former QBE Group CEO Neal Appointed as Lloyd’s CEO, Succeeding Beale
- Hub International Acquires Ontario-Based Access Insurance Brokers
- Low-Level Airports at Risk from Flooding by Rising Sea Levels: Opinion
- Aon Creates $350M of Cyber Capacity, Launches New Solution for Silent Cyber
- Bermuda Market to Stay Key Reinsurance Hub Despite U.S. Tax Reform: A.M. Best
- Randall & Quilter Forms New Unit for U.S., European Program Management Business
- Tokio Marine Buys Minority Stake in S. Africa Insurer Hollard for African Foothold
- Nexus Buys Malaysia-Based Structured Solutions Specialist Huntington Underwriting
- Sompo International Launches ‘SomPro,’ a Financial & Professional Lines Platform
- Chubb Names Berry as Head of Surety Europe; Griffith as Head of Surety UK, Ireland
- Rescues, Power Restoration Underway on Japan’s Northern Island Hit by Quake
- German Officials Worried About Foreign ‘Cyber Bombs’ Against Companies
- EU Urged to Develop Common Regulations on Cryptocurrency
- UK MGU Bluefin Underwriting Rebrands as Victor Insurance
- Australia’s Financial Services Probe Highlights Need for Corporate Ethical Training
- Guy Carpenter Taps Sinniah from Willis Re as Head of Strategy & Client Engagement
- RSA Insurance Opens Luxembourg Office as Part of Brexit Preparations
- SCOR Denies Press Rumors of Talks with PartnerRe
- Typhoon Jebi Hits Osaka in Japan, Leaving a Trail of Damage, Airport Closed
- Sompo International Launches Luxembourg-Based Subsidiary SI Insurance (Europe)
- AIR Worldwide and Capsicum Re Collaborate to Enhance Silent Cyber Models
- French Broker Verlingue Triples Its Size in UK Market with Acquisition of ICB Group
- Aon Promotes Mulligan to Head of Cyber, Foord-Kelcey to Head of Cyber Innovation
- Munich Re Acquires Tech Firm Relayr, an Industrial Internet of Things Specialist
- Record Numbers of Named Hurricanes Form in Pacific, with Much Quieter Atlantic
- Tokio Marine Names Barn from Munich Re as Global Head of Cyber Risk
- French Reinsurer SCOR Spurns $9.6B Acquisition Offer from Insurer Covea
- Typhoon Jebi Makes Landfall in Japan as Strongest Storm to Hit Country in 25 Years
International & Reinsurance News Archives