International & Reinsurance News for July 2016
- AIG Offers Brexit Coverage in UK for Anxious Executives
- AXA, Alibaba and Ant Financial Services Form Global Strategic Partnership
- QBE to Supply General Insurance Products for Manulife Customers in Hong Kong
- Generali Q2 Net Income Falls 6% on Low Interest Rates & Volatile Equity Markets
- Swiss Re Q2 Profit Drops on Higher Natural Catastrophe Losses
- Chubb Names Kessler as Chief Reinsurance Officer, Succeeding O’Farrell
- Willis Towers Watson Launches New Version of Pricing Software Radar 2.0
- Telematics Data Provides ‘Compelling’ Defense Evidence in UK Liability Trial
- Canada’s Economical Insurance Names Saunders as President & CEO
- BHSI Offers Cyber Liability Cover in New Zealand; Marshall to Lead Product Line
- Capsicum Re Hires Bousfield, Palmer and O’Dwyer-Smith to Cyber Team
- Dublin Looks to Lure Financial Services Jobs from UK After Brexit Vote
- Reinsurance Cycle Is Not Dead Yet so Buyers Need to Put It to Good Use: JLT Re
- XL Group Completes Relocation of Domicile to Bermuda
- Correction: Catalina to Buy Hartford Financial Products International & Downlands Liability Management
- Growth of China’s Shadow Banking Hikes Financial Risks for Banks, Insurers: Moody’s
- Catalina to Buy Hartford Financial Products International & Downlands Liability Management
- Everest Re Group Reports Q2 Net Income of $155.7M vs. $209.1M in Q2 2015
- Pen Underwriting Names Scott as Head of Cyber Liability, Driving Cyber Growth
- Ship Hits Wall of Newly Expanded Panama Canal in 3rd Incident in a Month
- AIR Worldwide Expands Global Pandemic Model to Include 6 Additional Diseases
- Amazon and UK Government Form Partnership to Test Drone Deliveries
- UK Financial Services Firms ‘Will Retain’ EU Passporting Rights: Foreign Secretary
- BHSI Expands Financial Institutions Cover in Canada; Knight Leads Product Line
- Lloyd’s Has Potentially Large Exposure to Catastrophic Cyber Attack: Adsensa Review
- Marsh Names South as President, US & Canada Unit; APAC, Middle East Realigned
- Ironshore Files for IPO in U.S. After A.M. Best Review of Parent Firm Fosun
- Towergate London Market Appoints Pearce to Lead Growth Strategy
- Chubb Launches Biogas & Solar (Cleantech) Insurance Solution in UK & Ireland
- Pen Canada Launches E-Traded D&O Platform in Response to Broker Demand
- Best Revises Lloyd’s Outlook to Stable from Positive on Difficult Business Conditions
- Brit Invests in South Africa’s Camargue Underwriting Managers
- Beazley to Get EU Licenses for Irish Reinsurance Business – After Brexit Vote
- Fintech Startup Gets German Banking License – with Plans to Offer Insurance
- SoftBank & Honda Aim to Develop Talking Cars that Read a Driver’s Emotions
- So. Africa’s Discovery Enters Japan Market with Sumitomo & SoftBank Partnership
- Global Insured Losses Hit $30B in 1H 2016, 30% of Economic Losses: Aon Benfield
- BHSI Launches Cyber Liability Cover in Australia; Osgood Leads Product Line
- June Storms in Canada Cost Insurers More Than C$34 Million
- Motor Insurers Need to Adapt to Ward Off Competition from Car Manufacturers
- Internet of Things Is Industry Disruptor that Could Benefit Innovators: Efma Report
- Suit Seeks to Force UK PM to Consult Parliament Before Initiating Britain’s EU Exit
- PIMCO Appoints Man Group’s Chief, Roman, as New CEO
- XL Catlin Opens Unit in Africa to Write Facultative and Treaty Reinsurance
- AIR Worldwide Launches Global Resilience Practice with Kaniewski as Leader
- BHSI Names Kremer as Head of Claims, Northern Europe
- Drivers Take Uber to UK Tribunal in Test Case that Could Threaten Business Model
- Malaysian Sovereign Fund Weighs Bid for Insurance Unit of Hong Leong Financial
- Takata Engineers ‘Manipulated’ Results of Air-Bag Inflator Tests: Honda Audit
- Selling Medical Insurance to Brazil Travelers – An Expert Offers Advice
- What Keeps D&Os Awake at Night? Coverage Concerns Rise Up the List
- UK Auto Insurance Policyholders Embrace Telematics to Get Lower Premiums
- Tokio Marine Kiln Launches Online Broker Platform
- Neon Names Dougall as Head of Casualty in Newly Created Role
- Randall & Quilter Buys Bermuda-Based Segregated Accounts Captive Company
- Chubb Enhances Cover for Tech Companies in UK and Ireland
- Research Shows Dangers of Using Hands-Free Cell Phones While Driving
- Lloyd’s Insurer Chaucer Expects Underwriting Loss During Q2 2016
- Starr Companies Appoints Grey as President, Latin America Division
- Kenyan Insurers Face New Capital Rules Which Could Lead to Market Shakeout
- France in Mourning After Latest Deadly Terror Attack Kills at Least 84
- Markel Leads Lloyd’s Livestock Consortium, Covering Up to $30M Per Location
- RenRe Appoints Qutub as CFO, Succeeding Kelly Who Is Retiring
- Bermuda Insurance Industry Expected to Grow by 10.3% Annually Until 2019
- Negative Interest Rates Described as ‘Dirt Sandwich’ for Insurers, Asset Managers
- XL Estimates Q2 Cats to Cost $240M, Led by Alberta Wildfires
- A.M. Best’s ‘A-‘ Rating Not as Good as It Seems: Fitch
- Europe Insurers’ Stress Tests Could Lead to Higher Capital Requirements
- Tokio Marine Kiln Completes Integration by Restructuring Underwriting Divisions
- BHSI Launches Insurance Products for Directors & Officers in Asia
- Storms & Earthquakes Drive Up Insured Losses in 1H 2016: Munich Re
- Insurers, Banks & Pension Funds ‘Must Address’ Climate Risk Exposures
- Jaguar Land Rover to Test Fleet of Autonomous Cars in England by 2020
- Markel International Enters Marine Equipment Market with Senior Execs Appointed
- Non-Life Cat Bond Issuance Hits $2.8B During 1H 2016: Willis Towers Watson Report
- Allied World Europe Names Jacobs to Lead Casualty Operation in London
- Nerves on Edge After South China Sea Ruling; Insurance Rates Still Stable
- London Market’s Electronic Placing Platform Binds 1st Standalone Terrorism Risk
- New Prime Minister ‘Must Protect’ London’s Financial Center in Brexit Talks
- China Floods Kill 173, Cut Transportation Links; Hit to Economy Expected
- Swiss Re Corporate Solutions Appoints Jia as CEO of China Operations
- Liberty Kenya Holdings Targets Acquisitions of Kenyan Insurers to Bolster Foothold
- Chinese Forced into Massive Debt to Pay for Vital Healthcare
- London Market’s Electronic Placing Platform Begins Trading Terrorism Risks
- Italy Car Insurance Tech Firm, Octo Telematics, Weighs Sale or IPO: Sources
- Aon Offers Cover for Ontario Uber Drivers, Using Online Quoting Tool
- Typhoon Nepartak Lashes Taiwan, to Weaken Before Hitting China
- Global Flood Events Rack Up $5B in Economic Costs in June: Aon Report
- Cooper Gay Appoints Angelini-Hurll as CEO of Reinsurance Division
- Post-Brexit-Vote Property Panic Could Hit Bank, Insurer Investments
- Marsh Taps Cooke (Former NAPSLO President) as Vice Chair of Global Placement
- Alberta Wildfires to Cost Insurers About $2.8B, in Canada’s Costliest Disaster
- Taiwan Readies for Typhoon Nepartak; AIR Worldwide Comments
- Hedge Fund Insurers Struggle in Crowded Market with Poor Investment Results: S&P
- Neon Selects TigerEye for U/W Analytics as It Grows Treaty Reinsurance Book
- AXA to Sell Serbian P/C and Life & Savings Units to Vienna Insurance
- Hub International Buys Toronto-Based HSBI Benefits
- PartnerRe Appoints Senior Leaders to Implement Reorganization
- Nexus Acquires Beacon, Hong Kong-Based Marine MGA
- Arthur J. Gallagher Buys Brim, Expanding Scandinavia Specialty Footprint
- Market Softening Slows but Rate Stabilization Is Elusive: Willis Re
- Ironshore International Names Eickstädt as Head of Direct & Facultative Property
- AXIS Capital’s New Bermuda Operation, Harrington Re, Raises $600M
- BHSI Enters Australia A&H Market, Appoints Product Leaders
- Capital Rules Eased for UK Banks, Insurers in Wake of Brexit Vote
- India’s Biggest Shipping Firm Resumes Iran Oil Transport with Insurance in Place
- A.M. Best Affirms Ratings of Markel Int’l & Lloyd’s Syndicate 3000
- UK Broker Network Compass Completes Management Buyout from Gallagher
- Swiss Re Corporate Solutions Names Brohm as CEO Latin America
- Emerging Markets’ Claims Expected to Hit Coface’s 2016 Profit
- Brennan to Lead Zurich’s UK General Insurance Unit, Succeeding Sharma
- Bermuda Market Associations Allay Fears of Brexit Contagion
- BHP to Fight $6B Civil Claim over Brazil Mining Disaster
- London Re/Insurance Market Will Weather Brexit Storm: Execs
- PartnerRe Reorganizes Business Units to Align with Client Needs
- Post-Brexit Market Rout Deepens UK Corporate Pension Deficits
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