International & Reinsurance News for August 2016
- Elderly Healthcare in APAC to Cost $20 Trillion-Plus over Next 15 Years: Marsh
- XL Catlin Updates Active Assailant Cover to Include Use of Road Vehicles in Attack
- Dubai International Financial Centre Grows 16%, Despite Economic Slowdown
- Hiscox Sells Hong Kong Division of DirectAsia to Well Link Group Holdings
- Fosun Plans IPO of Healthcare Assets
- Typhoon Lionrock Makes Landfall in Japan, Bringing Landslides, Floods & Deaths
- Brexit Vote Prompts Inquiries from Insurers Weighing Opening Offices in Dublin
- Low Interest Rates Pose Unknown Risks for European Insurers: CEO of Gjensidige
- UK’s Aviva to Hire JPMorgan’s Singh to Head Global M&A, Source Says
- Tokio Marine in Talks to Acquire RHB’s Non-Life Insurance Unit: Sources
- Asian Regulatory Changes Could Hike Demand for Local Reinsurance: Fitch
- Brazil Mine Disaster Caused by Poor Drainage & Design of Tailings Dam: Report
- Navigators Appoints New Leadership for Claims Operations
- Earth Gains Coastal Land Areas as Man-Made Expansion Outpaces Sea Level Rise
- Integro Expands Reinsurance Presence in Latin America with HRL Alliance
- CNA Hardy Builds Financial Institutions Team with Goodair & Bazell Appointments
- Typhoon Lionrock Expected to Hit Japan’s Tohoku Region, Site of 2011 Tsunami
- London Financial Groups Losing Faith in Quick Fix to Get EU Access After Brexit
- Most Italians Uninsured for Earthquake as Economic Cost of Tremblor Mounts
- ‘Xuber for MGAs’ Platform Delivered for Castel Underwriting
- Fear of Missing Out (FOMO) Leads Motorists to Check Social Media While Driving
- Anbang’s Hong Kong IPO Should Lift Veil on Chinese Group’s Low Profile Backers
- Allied World Bermuda Appoints Chow as Senior VP, Professional Lines
- Italy Quakes Could Lead to Limited Insured Losses: RMS & AIR Worldwide
- Marsh & McLennan Launches Asia Pacific Risk Center in Singapore
- Norwegian Insurer Eyes First Sale of Industry’s Riskiest Bonds
- World’s Longest Aircraft, Airlander 10, Crash-Lands After Test Flight in England
- First Driverless ‘Robo-Taxi’ Hits Singapore’s Streets in Limited Public Trial
- New Zealand Claims World’s First Pizza Delivery by Drone
- XL Catlin Names Chow as Senior U/W, Political Risk & Trade Credit, Asia Pacific
- Italy Earthquake Unlikely to Trigger 200M Euro Cat Bond Cover: Investors
- Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports
- U.K. Lawmakers Call for Ban on Plastic Microbeads, Citing Dangers to Food Chain
- Update: Deadly Quake Hits Central Italy; Death Toll Continues to Rise
- Willis Re Taps Aon’s McDowell to Lead Bermuda Unit; Harden as APAC President
- China’s Anbang Insurance Readies for 2017 IPO: Sources
- Caribbean Cat Facility, CCRIF, Pays Belize for Excess Rain From Hurricane Earl
- Soft Prices May Bring Reinsurer Losses when Typical Cat Levels Return: Execs
- RMS Releases Suite of Europe Inland Flood Risk Data to Open U/W Opportunities
- Typhoon Mindulle Batters Tokyo, Bringing Risk of Floods and Landslides
- Lloyd’s Insurer ArgoGlobal Grabs O’Gorman from CNA to Lead Marine Team
- Reinsurers’ Strong Enterprise Risk Management Key to Success – and Survival: S&P
- Zurich Insurance (Hong Kong) Appoints Chiu as Head of Global Corporate Division
- Formal Brexit Talks Likely to Be Triggered in April 2017: UK Officials
- Some Sage Customers Open to Data Breaches Because of Their Own Lax Security
- Towergate Forms £30M, 5-Year Partnership with Yacht Specialist N&G (Zurich Unit)
- Natural Catastrophes Drive Global Insured Losses to $31B in H1: Swiss Re’s Sigma
- Sompo Canopius Names Catlin’s Newman as CEO of APAC & MENA
- China’s Ping An Eyes Overseas Acquisitions, Including in Post-Brexit UK
- Tropical Storm Fiona, 6th Storm of 2016, Forms in Central Tropical Atlantic
- Allianz, AXA Bid for Rights to Sell Products via StanChart Outlets in Asia: Sources
- Beazley Offers Revenue Protection Cover for UK Events Hit by Wet Weather
- China’s Ping An Profit Rises 18% in 1st Half on Higher Premiums, Banking Income
- Reinsurers May Reassess Cat Exposures When Normal Claims Levels Return: S&P
- Delta Lloyd Returns to H1 Profit; Plans Exit From Unprofitable Markets, Cost Cuts
- Neon Appoints McPhee to Newly Created Role of Head of Political Violence
- Liberty Mutual & China’s Sanpower Group Form P/C Joint Venture
- Yellow Fever Outbreak in DR of Congo Could Spread Across Globe, Charity Warns
- RFIB Launches Transaction Solutions Division, Names Wilson as Division Head
- BHSI & Tego to Provide Medical Indemnity Cover for Doctors in Australia
- ‘Self-Driving’ Doesn’t Mean ‘Hands-Free’ – Lessons of Tesla Autopilot Crash in China
- Allianz Group’s AGCS Names Property, Engineering & Risk Consulting Senior Leaders
- Liberty Mutual Insurance Raises Shareholding in India’s Liberty Videocon to 49%
- ArgoGlobal Buys Renewal Rights to Allied World’s Marine Hull Business in Asia
- FBD Shares Surge on Reduced Losses, 2017 Profit Forecast
- Global Business Groups Urge China’s Premier to Revise Draft Cyber Rules
- Sea Level Is Rising, but at Fluctuating Rates due to Volcanic Eruption: Study
- Global Risk Partners Acquires UK-Based BB Insure
- Chile’s Health Insurers Pushed to Brink of Collapse as Courts Prevent Rate Hikes
- Swiss Re Names Madzinga to Lead Reinsurance in Middle East and Africa
- VW’s Keyless Entry Systems Vulnerable to Hacking: European Researchers
- French Women Took Sanofi Epilepsy Drug Despite Risk to Fetuses: Report
- Howell Named Regional CEO of Zurich in Asia Pacific
- Aon Appoints Cai (Former Head of World Bank’s Investment Arm) to Board
- Ironshore’s Pembroke Managing Agency Forms Specie Consortium at Lloyd’s
- Zurich Insurance Q2 Net Income Declines 12% on Restructuring, Nat Cats
- Pimco Total Return Boosts U.S. Treasury Stake to Most in 25 Months
- Bank of England Survey Bolsters View of Weaker UK Economy
- Air Pollution Affects Many London Parks
- Emirates Jet Failed to Abort Landing Prior to Dubai Crash
- Munich Re Q2 Profits Beat Expectations, Aid Claims and Restructuring Costs
- New Spyware Targeting Companies Across the Globe
- Malaysia Confirms Pilot’s Simulator Contained Flight 370 Course
- A.M. Best Assigns ‘A’ Rating to Starr International (Europe) Ltd.
- Echelon Insurance Agrees to Sell European Subsidiary
- PartnerRe Names Bruniecki as Head of Global Client & Broker Management
- Brazilian Corruption Probes Lead to D&O Market Boom
- Ports in Japan, China and U.S. Face Highest Risk from Natural Catastrophes: RMS
- Reeves to Join Neon as Chief Risk Officer, in Move from RM Role at Lloyd’s
- Third Point Re’s Q2 Net Income Rises to $53.4M in Biggest Profit Since 2013
- Just 2% of China’s July Floods Covered by Insurance, vs. Nearly 70% in U.S.: Aon
- Allianz Q2 Profit Drops 46% on Nat Cat Claims, Expected Sale of South Korea Unit
- Good Risk Management Is Just Good Business: Steel, Former CRO of AXIS Capital
- Guarantee Co. of North America Names Barclay as Chief Underwriting Officer, P/C
- Chubb Enhances Cover for Commercial Entertainment Producers in UK & Ireland
- AXA to Sell Its Romanian Life & Savings Operations to Vienna Insurance Group
- Update: Earl Weakens from Hurricane to Tropical Storm as It Crosses Belize
- UK Insurers Aviva and RSA Report Higher H1 Profits, Shrug Off Brexit Fallout
- Hub’s Totten Insurance Group Buys Canadian Resources Insurance Solutions
- Sciemus’ Move into Specialty Underwriting: A Case of ‘Adapt and Thrive’
- Mutual Insurers Regain Some Global Market Share, but Threats Remain: Swiss Re
- China Regulator Asks Insurers to Assess Risks & Strengthen Controls: Report
- AXA H1 Net Income Rises 4% to $3.6B as L&H Earnings Offset Cat Losses
- Update: Tropical Storm Earl Set to Become a Hurricane as It Heads to Belize
- ANV Global Services Raises Capacity for M&A Insurance
- Greenlight Capital Re Reports Q2 Loss of $63M, in 5th Loss in 6 Quarters
- Liberty Specialty Markets Appoints Sinz as Head of Europe
- Arthur J. Gallagher & Co. Acquires UK-Based Orb Financial Services Ltd.
- Sports-Related Brain Injuries Are Emerging Risk for US & UK Insurers: S&P Report
- Fosun Plans to Sell as Much as $6 Billion in Assets to Raise Credit Rating
- Sompo Canopius Appoints Kedney as Chief Commercial Officer
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