International & Reinsurance News for May 2017
- Trump Expected to End U.S. Participation in Paris Climate Pact
- Caribbean Cat Facility CCRIF & Caribbean Development Bank Launch Regional Risk Management Project
- BA’s Massive IT Failure Caused by Power Surge; Brand Damage Admitted
- China’s Controversial Cyber Law ‘Not Targeting’ Foreign Firms
- XL Catlin Offers Political Risk, Credit & Bond Insurance in Canada; Zurich’s Azzopardi Named Lead U/W
- FM Global Gets License in Luxembourg to Launch Post-Brexit EU Hub
- Greece Aims to Attract U.K. Shipowners, Insurers & Brokers Seeking Brexit HQs
- Chubb Names Bryant as Regional Cyber Risk Manager, Europe
- Allied World Europe Launches UK Commercial Division
- Munich Re, Aviva Ventures Invest in UK Connected Home Insurer Neos
- Japan Readies Strategy for Drones, Autonomous Vehicles
- Saudi Arabia’s MedGulf Denies It’s Seeking to Be Acquired
- Fairfax Plans to Sell 12.2% Stake in India’s ICICI Lombard
- UK’s Legal & General Chooses Dublin as Post-Brexit Base for Some Operations
- Cyber Insurance Market Growing More Slowly Than Expected: Allianz
- A.M. Best Affirms Ratings of PartnerRe & Subsidiaries
- AGCS Promotes Hansen as Head of Aviation, Succeeding Haagen
- QBE Taps Commonwealth Bank of Australia’s Ford as Group CFO
- Report: Climate Change to Increase Insured Losses from Windstorms in the U.K.
- Emotional Intelligence: Do Your Leaders Walk the Talk?
- Lloyd’s Insurers Launch Asia Political Risk Consortium
- Private Investment Firm, J.C. Flowers, Acquires UK General
- FM Global Includes Top 3 Business Risks in Global Resilience Index
- Swiss Re Corporate Solutions Names Rake as CEO Asia Pacific
- FM Global Promotes Kelly to VP Diversity & Int’l Human Resources
- TMK Launches Visual Effects, Post Production Media Cover
- Ironshore Raises Capacity for M&A Cover, Tax Consortium Launched
- U.K. Security Services Warn of Imminent Terrorist Attack; U.S. Leaks Criticized
- Companies May Soon Be Required to Disclose Financial Impact of Climate Risk
- Cyber Security Expert Leonardo to Offer Anti-Ransomware Weapon
- Bermuda Can Withstand Trump’s U.S. Tax Plans, Says Premier Dunkley
- Swiss Re Corporate Solutions Taps Kleiterp as CEO EMEA, Replacing Buckle
- Cyber Security Firms in Spotlight Following WannaCry Attack
- MGA Globe Underwriting Launches Marine Division with UK, Int’l Focus
- A.M. Best Places Ratings of Sompo Japan Canopius Re Under Review
- Insured Losses for Europe’s Windstorm Thomas Rise to $279.2M: PERILS
- Uber Drivers Arrested in Hong Kong for Driving Without Insurance
- China Firms View Political Risks as Top Concern for Belt & Road Project
- Islamic State Claims Responsibility for UK Terror Attack – Worst Since 2005
- Petplan Australasia Announces Affiliation with MS Amlin
- Underwriting Agency, CFC, Partners with Kidnap Response Expert EOS Risk
- UK Firms Choosing Luxembourg as Brexit HQ May Find Lifestyle Differences
- Crewless Ships: Safer, Faster, Cleaner, Cheaper Future of Shipping – Opinion
- Amazon’s Delivery Drone Project Focuses on Birds (and How to Avoid Them)
- China Eyeing Cyber Rule Delay After Outcry from Foreign Firms: Sources
- Firms Turn to Kidnap Insurance Policies to Cover Ransomware Losses
- UK Insurer Ageas Uses Artificial Intelligence to Manage Motor Claims
- Novae Expands Cyber Team with Appointment of Quick from IBM
- Volvo Tests Autonomous Garbage Truck for Use in Cities
- Re/Insurers, Other Global Businesses Have Stake in New WHO Leader
- XL Catlin Names AIG’s Estrada, Zurich’s Hughes to Canada Environment Team
- Canada’s Rogers Insurance Partners with Megson FitzPatrick
- PERILS Releases European Windstorm Catalogue (1979-2015)
- Zurich Insurance Deploys Robots for Personal Injury Claims Handling
- European Cyber Police Hunt for Culprits of Global Ransomware Attack
- Markel to Set Up Munich-Based Subsidiary in Preparation for Brexit
- Global Insurers Face High Compliance Costs with New Accounting Rules
- Sompo Develops Nat Cat Model for NW Australia Offshore Oil & Gas Installations
- JLT Re Appoints Lockton’s Barden and Warner to Aviation Team
- AXA Launches Unit Focusing on Innovation, New Business Models with Phillips as CEO
- BMW, Intel & Parts Maker Delphi to Develop Self-Driving Platform
- WannaCry Ransomware Hackers Threaten to Release More Malicious Code
- A.M. Best Places Credit Ratings of Hamilton Re & Subsidiaries Under Review
- Soft Reinsurance Prices to Continue Until Year-End – at Least: Fitch
- Some Firms Opt to Pay Hackers’ Ransoms, but Fail to Recover Data: Opinion
- BHSI Launches Casualty Platform; Leeks Named Head of Casualty, UK & S. Europe
- Big ‘I’ Virtual University’s Boggs Gets Award for Reinsurance Research
- Firms Hit by Cyber Attack Could Face Lawsuits over Lax Security: Legal Experts
- Hamilton Taps Freda as Chairman, Brown as Interim Group CEO, After Duperreault Resigns
- Parents Urged Not to Lie About Installation of Telematics Boxes in Cars
- Generali Names AXA’s Granier as CEO of Generali France
- Gen Re Receives License to Open Reinsurance Branch in India
- Source of Clean Energy? Wind Turbines Are Spilling Oil in Mexico
- Many Non-U.S. Firms May Be Uninsured for Recent Ransomware Attack
- Global Cyber Attack Expected to Continue but Malware Spread Slows
- Global Cyber Attack Temporarily Disabled by Security Specialist
- Update: Ransomware Hack of UK Hospitals Part of Global Cyber Attack
- Allianz Q1 Profit Boosted by Strongest PIMCO Inflows in 4 Years
- VW Emissions Probe Results Not Published to Protect Firm from ‘Legal Risks’
- TMK Offers Construction Insurance in UK, Ireland via Online Broker Portal
- Russia-Backed Hackers Suspected in Cyber Attacks of Baltic Energy Networks
- Bermuda Re/Insurers Hit by Ogden Rate Change, Higher Nat Cats: S&P
- Validus Names Driscoll as President; Keeps Role as Validus Re’s CEO
- Uber Faces Biggest Challenge to European Plans in Region’s Top Court
- Yahoo Fails to Cooperate with Hack Probe, Says German Cyber Agency
- Allianz Global Corporate & Specialty Partners with Insurtech Firm to ID Liability Risks
- Generali Plans Expansion in Asset Management to Boost Profits
- Catalina Buys Hartford Financial Products Int’l, Downlands Liability Management
- Transamerica Owner Aegon’s Profits Up; Shares Drop on Solvency Concerns
- Insurance Sector Set to Overtake Banking in Switzerland
- Aon Names Hogg as Leader of Cyber Solutions, CEO of Stroz Friedberg
- AXIS Capital CFO Henry to Retire; Vogt Named as Successor
- Munich Re & Hannover Re Results on Track Despite Higher Nat Cat Claims
- London-Based MGA Nexus Offers Cyber Insurance in Partnership with Beazley
- AXA Plans IPO of Minority Stake of U.S. Businesses to Free Up Capital
- High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance
- Neon Builds Claims Team by Appointing MS Amlin’s Coley, XL Catlin’s Sterling
- U.S. Weather Remains Biggest Driver of Global Insurance Losses in 2017: Aon
- Insurance Hub Gibraltar Plans for End of EU Passporting After Brexit
- More Than 25% of UK Financial Firms Make Plans for EU HQs on Brexit: EY
- Liberty Specialty Markets Names Chubb’s Gibbs as Chief Technology Officer
- Australia’s Cyclone Debbie Estimated to Cost Insurers US$825.7M: PERILS
- Uber Builds Toronto AI Team, as It Awaits Outcome of Autonomous Car Lawsuit
- BMS Harris & Dixon Marine Taps H.W. Wood’s Hoare as Managing Director
- Beazley Offers ‘Seamless’ Financial Lines Cover for Crime, PI & Data Breaches
- The Eagles Hit Mexico’s Hotel California with Trademark Lawsuit
- China Probes More Officials at Nation’s Insurance Regulator: Sources
- Aon Buys International Benefits Brokerage Portfolio of Mayfair Group
- Beazley Taps HCC Global’s Segovia to Lead Financial Lines on Continent
- Luxembourg ‘Not Offering’ Special Deals to Lure Financial Firms After Brexit
- Full-Fledged El Nino Increasingly Likely in Second Half 2017
- UK’s RSA Reports 14% Hike in Q1 NWP, Operating Profits Ahead of Plan
- China’s Anbang Denies Accusation It Lied About Finances
- Willis Towers Watson Names Bernstein as Head of Broking, Great Britain
- Aon Buys Provider of Talent Measurement & Psychometric Assessment
- Swiss Re Q1 Net Income Drops by 45% on Cyclone Debbie Claims
- Peugeot Partners with nuTonomy to Test Self-Driving Cars in Singapore
- Hiscox Taps Sompo’s Szakmary to Lead Bermuda Underwriting; Smith to Lead Specialty at Hiscox Re
- Campbell Appointed CFO of White Mountains
- Liberty Specialty Markets Names AIG’s Sutherland to Lead Casualty Team
- Mexico Auto Thefts Surge in Ominous Trend for Insurers
- Allianz Q1 Net Income Down 15.3% to $2B – in Line with 2017 Profit Goal
- QBE to Move European HQ from London to Continent After Brexit
- 6.2 Magnitude Quake Strikes British Columbia, Canada
- Complex Solvency II Reporting Puts Off Insurer Investors: Willis Towers Watson
- Aon Sells Outsourcing Platform to Focus on Data, Analytics Investments
- A.M. Best Upgrades Aviabel’s Ratings After AXIS Acquisition
- Fidelis Sponsors MGA to Expand into Niche Specialty Reinsurance
- QBE Australia & New Zealand Names Prudential Plc’s Baxter as CRO
- AIG Completes Sale of Japanese Life Unit to FWD Group
- China Ride-Hailing Firm, Didi, to Go Global After Record Funding
- Latin America Reinsurer Patria Re Selects RMS Cat Risk Models
- Cat Bond Issuance Saw Robust Start to 2017: Aon Benfield
- BHSI Introduces Employment Practices Liability Cover in Canada
- ArgoGlobal Appoints Montellier as Yacht Underwriter
- Chubb Forms ‘Custom Industry Solutions’ Product, Creates London Region
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