International & Reinsurance News for September 2016
- Matthew Becomes Category 3 Hurricane in Central Caribbean Sea
- Argo Group Names AIG’s Hernandez to Lead International Business
- European Union Nations Fast-Track Approval of Paris Climate Agreement
- Japanese Creditors Oppose Takata Seeking Bankruptcy Protection
- European Food Safety Agency to Release Data on Weedkiller Roundup
- Saudi Arabia Greets 9/11 Lawsuit Bill with Public Silence, Private Bristling
- Typhoon Meranti Insured Losses in China Could Top $1 Billion: AIR Worldwide
- China State-Owned Firm Managers Held Personally Liable for Bad M&A Deals
- Sit Down for This One: Self-Driving Chair Takes Stress Out of Waiting in Line
- Deutsche Bank Sells Insurance Unit to Britain’s Phoenix Group
- Merlin Admits Liability; British Court Levies Fine in Rollercoaster Accident
- Investors Urge Food Giants to Lessen Meat Reliance to Lower Risk
- XL Catlin Appoints Chambers as Country Manager, Hong Kong – Insurance
- Global Risk Partners Buys Marshall Wooldridge, a UK Broker with Growth Plans
- UK Financial Sector’s Optimism Plunges in Wake of Brexit Vote
- Typhoon Megi Hits Taiwan, Bringing 20 Foot Waves, Power Cuts; RMS Comments
- SWIFT Expects Cyber Attacks on Banks to Increase
- Business Interruption Tops List of Risks Facing Global Organizations: Survey
- Aspen Re Names Hough as Managing Director for Asia Pacific
- ArgoGlobal Launches Cyber Division; Heaton Named Cyber Class Underwriter
- Brit Receives Preliminary Approval from Lloyd’s to Launch Syndicate 2988
- More than 3/4s of UK CEOs Mull Moving Headquarters as Result of Brexit: KPMG
- Canada’s Regulator Tightens Capital Requirements for Mortgage Insurers
- Advent Launches Bespoke Products U/W Unit; New Team Joins from Beazley
- Gibraltar Weighs Post-Brexit Reinvention if UK Loses Passporting Rights
- Asta Gets Preliminary Lloyd’s Approval to Manage Blenheim Syndicate 5886
- Demand for Environmental Impairment Liability Cover Rises in Europe: Marsh
- Lloyd’s Insurer Advent Names Gray as Direct & Facultative Property Consultant
- Ironshore’s IronPro Launches Cyber Crime Product for English & Welsh Solicitors
- Beazley Names Sanchez as International Breach Response Services Manager
- Aspen Risk Management Enters Renewal Agreement with Liberty Specialty Markets
- Lloyd’s to Move Some Business to EU if UK Loses Post-Brexit Passporting
- 3rd Party Managing Agent Asta Invests in Specialist MGA OverArk
- Stop Cutting Prices, Bank of England Warns Insurers
- Global Risk Partners Acquires U.K.-based SLK General Insurance Services
- JLT Re Appoints Garnett as Managing Director, Malaysia
- Zurich Launches Commercial Insurance Unit; Shea Named as Head
- Deutsche Bank Debt Insurance Cost Jumps
- States Seek Delay in European Union Insurance Investor Rules
- AIR Worldwide Expands Global Terrorism Risk Model
- Murphy Joins CFC in London as Claims Director
- Beazley Adds ArgoGlobal’s Paulin to Aviation Team in France
- Porsche Denies Liability as Investor Lawsuits Mount Over VW Diesel Scandal
- Re/Insurers Need to ‘Reinvent’ Products to Participate in New Economy: XL’s McGavick
- Chubb Expands Cyber Risk Engineering Offerings Into the U.K., Ireland
- XL Catlin to Buy Australian Underwriting Agency Brooklyn
- AIG Selling Stake in Ascot Lloyd’s Syndicate; Will Keep Bermuda, Reinsurance Ties
- Typhoon Meranti Hits China; 6 Reported Dead, More Missing
- Deutsche Bank Balks at $14 Billion U.S. Demand to Settle Securities Claims
- Super Typhoon Meranti Batters Taiwan: Risk Modelers AIR, RMS Assess Impact
- Tesla Faces Lawsuit Over Crash in China
- Lloyd’s Enjoys ‘Healthy Pipeline’ of Entrants Despite Brexit, Chairman Says
- To Cut Costs, Reinsurers Should Lower Brokers’ Fees, Says Lloyd’s Chairman
- Re/Insurers May Be Entering Reserving ‘Danger Phase’: JLT Re Execs
- Towergate Creates London Underwriting Unit; Leathem Named Director
- Big Reinsurers Pin Profit Hopes on Tailoring Coverages to Specific Risks
- Argentina Looks to Lower Workplace Injury Costs
- Aon: Global Reinsurer Capital Hits Record $585B
- UK Auto Insurer Esure to Spin Off Gocompare.com Unit
- Cat-Insurance Data Provider PERILS Expands Into Australia
- Samsung Blames Minor Battery Defect for Galaxy Note 7 Smartphone Recall
- Hiscox Expansion of ILS Activity Includes New Collaterized Capability, Rebranding
- R&Q Acquires Royal London General Insurance in Run-Off
- Is This the Bottom of Reinsurance Cycle? Opinions Vary at Rendez-Vous
- PartnerRe Taps Willis Re’s Beedle to Head Asia-Pacific
- Guy Carpenter’s Carter Moves to JLT Re’s International Division in London
- Fitch Sees Weak Profits Leading to Takeovers of Smaller Reinsurers
- China’s Fujian Province Braces for Super Typhoon Meranti
- Axis CEO Says Acquisition Still in Play Despite Striking Out on PartnerRe
- Hub International Acquires Canadian Agency, New Dimensions Underwriters
- Hancock Exits RSA for Role at Lloyd’s
- Chubb Promotes Keaney to International High Net Worth Underwriting VP
- Top 25 Non-Life Reinsurers: Swiss Re Leads, Berkshire Drops in A.M. Best’s 2016 Ranking
- Casualty Losses and Cyber, Crop, Property Demand Driving Reinsurance Growth: Aon
- London’s BMS Re Acquires Texas Reinsurance Broker
- China Opens Link for Insurers to Invest in Hong Kong Stocks
- Greenlight Re Expanding into Europe, Asia with New Partnership
- Catastrophe Bond Issuance Down But Returns Up: Aon
- Australia Airlines Ban Use of Samsung Galaxy Note 7 Phones After Battery Fires
- Sompo Canopius Hires Pearce (Former AIG Exec) as Head of Heavy Industry
- Lloyd’s Wins Right to Keep Oklahoma Quake Damage Lawsuit in New York
- Europe’s Top Cedents Saw Cessions Jump by Double Digits in 2015: A.M. Best
- Barclays Says It Conducts ‘World’s First’ Blockchain-Based Trade Finance Deal
- Chinese Firms Enter Private Health Insurance Market for Growth Opportunities
- UK’s BMS Launches Melbourne, Australia-based Affinity Broking Operation
- UK Chancellor of Exchequer to Discuss Brexit Plans with Insurers & Bankers
- SCOR Targets 7% Annual Rise in Gross Premiums During Next 3 Years
- Ratings Agencies Expect Reinsurance Premiums to Continue Dropping in 2017
- Negative Reinsurance Sector Outlook Not Changing Anytime Soon: A.M. Best
- China’s Anbang Turns Attention to Digesting $13.5B of Overseas Deals
- Hurricane Newton Hits Mexico with Threat of Flash Floods, Mud Slides
- Aegon Hunts for New CFO to Replace Button Who Will Return to U.S.
- Reinsurers’ Profits in Danger of Falling Below Their Cost of Capital: S&P
- AXA Weighs 650 Belgium Job Cuts in ‘Transformation’ to Strengthen Unit
- UK Risks Losing Lloyd’s & London Market Insurers on Brexit: Lloyd’s Chairman
- AIG Reported to Be Selling Its Last Shares in China’s PICC Insurer
- Everest Re Group Names Schaetti as Head of Casualty U/W, Zurich Branch
- Blockchain – Where Hype Meets Potential Magic: Opinion
- Brazil’s Prosecutor Expected to Seek Criminal Charges over Samarco Mine Disaster
- Can Your ‘Smart’ Appliances Be Trusted with Your Personal Data? Probably Not…
- Samsung Recalls Its Galaxy Note 7 Smartphones on Faulty Batteries
- Swiss Re Corporate Solutions Licensed to Offer Non-Life Insurance in Hong Kong
- Cat Bonds Match Traditional Reinsurers on Reliability Scale: S&P
- Swiss Re Corporate Solutions Launches ‘CyberSolutions Germany’
- EU Passporting Essential for Lloyd’s Market Position in Post-Brexit World: Fitch
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