International & Reinsurance News for November 2016
- Fatal Colombia Jet Crash Investigators to Examine Whether Plane Ran Out of Fuel
- Uber Case in Europe’s High Court Could Affect Sharing Economy Firms
- London Insurers List 4 Priorities for Brexit Negotiations
- EU Court to Decide Whether Uber Is an App or a Transport Company
- RSA Appoints Germain as Group Chief Technology Officer
- Most Organizations Not Adequately Prepared for Cyber Attacks: Marsh & McLennan Cyber Handbook
- Cyber Risk Awareness Rises Among SMEs: Zurich Survey
- Hong Kong-Based Latitude Brokers Launches P&I Club Comparison Tool
- AXIS Capital Buys Belgium-Based Specialty Aviation Re/Insurer Aviabel
- Willis Re Appoints Kent as Global Deputy CEO
- Insurtech to Become Part of Traditional Insurance Landscape: S&P Report
- Update: Plane Crash in Colombia Kills 75; Brazilian Soccer Players on Board
- UK Financial Firms Look to Dublin as EU Base After Brexit Vote: Irish Minister
- Emerging Markets to Drive Insurance Sector Growth in 2017: Swiss Re
- XL Catlin Appoints Branch as Chief Executive of Insurtech Team, Accelerate
- Allianz to Launch Subsidiary in China to Target Overseas Investments: Sources
- Insurtech Startups Attract Growing List of Traditional Insurer Partners
- Hargreaves to Retire from Tokio Marine Kiln
- Aviva to Reopen Property Fund It Suspended After Brexit Vote Turmoil
- Sompo Canopius Makes Management Changes as Group CEO Davies Steps Down
- XL Catlin Enhances D&O Offering in France
- Insurtech Startup Trov Launches in UK, Offering On-Demand Coverage
- Munich Re Partners with InsurTech Start-Up Wrisk
- AIG May Move Europe HQ from London to Another EU Country on Brexit
- Major Canada Earthquake Could Lead to Widespread Insurer Insolvencies: Report
- Hackers Remotely Steal ATM Cash in Latest Twist on Cyber Bank Heists
- 7.4 Earthquake off Coast of Fukushima Jolts Japan; Tsunami Alert Lifted
- Hiscox Promotes Bowen to CUO for European Operations
- Who Pays When Driverless Cars Crash? UK Insurers Call for Int’l Standards
- TMK Names Ex-AIG Exec Burke as Trade Credit & Political Risk U/W
- Global Board Updates List of Systemically Important Banks, Insurers
- October Floods in Atlantic Canada Cost $100M-Plus in Insured Damage
- Advent Claims Launches Regulatory Compliant Platform for MGAs, Coverholders
- China’s Anbang Eyes $2.3B Purchase of Japanese Property Assets: Sources
- China’s Fosun International to Buy Stake in Portugual’s BCP for $185M
- Allied World Appoints Hall-Shaw as VP in Professional Lines Division
- Fintech Firms Alibaba, Tencent Support China’s New Cyber Law Despite Foreign Opposition
- ANZ’s Life Unit Attracts Interest from Suitors in Japan & Hong Kong: Sources
- New Zealand EQ Insured Losses Could Top $3B: AIR Worldwide
- Earth on Track to Hit Warmest Year on Record: NOAA
- Qatar Insurance Weighs Bond Issue to Raise Capital Reserves: Sources
- With Brexit, UK Government Should ‘Refine Not Replace’ Solvency II: Insurers
- China’s Anbang Insurance Set to Buy Toronto Tower for at Least $395M: Source
- Zurich to Cut Costs by $1.5B with Simplification ‘Name of Game’: CEO Greco
- Lloyd’s Names Swiss Re’s Kelly as Singapore Country Manager
- Lloyd’s Names Former Generali Exec, Vagnone, as Strategy & Change Director
- Brit Launches Diamond Processing Consortium with Capacity Up to $50M
- Allied World APAC Appoints 2 Casualty Specialists from AIG
- UK MGA Nexus Underwriting Forms Claims Company Called ‘Nexus Claims’
- Zurich’s Re-Underwriting Program Begins to Bear Fruit – in Its Financials
- RSA Restructures UK Commercial Lines Operation; Names CUO for UK & Int’l
- UK Insurers & Banks Make Contingency Plans for ‘Hard Brexit’: BofE’s Carney
- Miller Appoints Griffiths to Its Sports & Entertainment Team
- Verisk Analytics Buys UK’s The GeoInformation Group
- Marsh to Acquire UK-Based Bluefin Insurance from AXA for $369.4M
- AIG Agrees to Sell Japan Life Business to Hong Kong’s FWD Group
- Argo Group to Acquire Ariel Re for $235M
- Lockton Names Tyler as Head of Global Benefits Business
- New Zealand Avoids Widespread Damage from Earthquake; AIR Comments
- SMA/Gerling Norway to Be Renamed Skuld Marine Agency
- Trump Could Rip Up Decades of Climate Deals in a Year
- Allianz Q3 Profit Rises 36%, Helped by Higher Life & Health Earnings
- Talbot Underwriting Australia Taps Former Catlin Exec Case as Managing Director
- China May Allow Foreign Investors to Hold Controlling Stakes in Financial Firms
- Hurricane Matthew Could Cost US & Caribbean Economies $15B: Aon Benfield
- Guy Carpenter Launches Updates to MetaRisk Capital Modeling Tools
- African Demand for Political & Trade Credit Cover Rises Ahead of Kenya Elections
- XL Catlin Appoints Luck as President of Global Excess Casualty Business
- Arthur J. Gallagher Buys London-Based Employee Benefits Firm, Argentis
- Global Fight Against Climate Change to ‘Suffer a Blow’ from Trump Victory
- Earth’s Temperatures Hit Record Highs Between 2011 and 2015
- China’s Cyber Security Law Could Hamper Foreign Business: P/C Industry Reps
- Chubb Launches Liability Coverage Suite to Protect Family Offices in Canada
- SCOR Moves a Step Closer to Opening a Branch Office in India
- Tesco Reveals $3M Was Stolen from 9,000 Customers in Recent Cyber Bank Theft
- Tesco Bank’s Cyber Attack Investigated by UK’s National Crime Agency
- AmTrust Buys ANV Holdings for $203M – More Than Doubling Its Lloyd’s Presence
- Recent Cyber Attacks Reveal Dangers, Vulnerabilities of Internet of Things
- RFIB Names Leith-Smith, Penfold & Hawkins, Forming SE Asia Marine Cargo Team
- Aon Launches Cyber Risk Mgmt Solution in Response to EU Data Protection Law
- Global Indemnity Completes Redomestication to Cayman Islands
- Randall & Quilter Forms Run-Off Arrangement for Law Society of Ireland’s PI Fund
- Bains to Step Down as CEO of DUAL; Firm to Be Led by Regional Mgmt Board
- Lloyd’s Gets Approval to Open Reinsurance Branch in India
- Cyber Criminals Steal Money from Nearly 20,000 Customers of UK’s Tesco Bank
- China Passes Controversial Cyber Security Law Despite Foreign Business Concerns
- Greenlight Capital Re Hit With A.M. Best Ratings Downgrade
- Arthur J. Gallagher Taps JLT’s Boyle & Ollerenshaw for Credit & Political Risks Team
- China’s Online Insurer ZhongAn Launches Fintech Incubator
- Climate Change Is Major Concern for 78% of SMEs: Zurich Report
- Talbot Underwriting Launches $50M Consortium to Cover NBCR Terrorism
- Lloyd’s Innovation Awards Go to Aon, Beazley, Cromar, Hiscox, Tokio Marine Kiln
- Australian Safety Bureau Reports on Missing Malaysian Flight’s Descent
- UK Court Says Parliamentary Approval Needed for Brexit; Government to Appeal
- Towergate Renames London Market Broking Business as ‘Bishopsgate’
- Capsicum Re Latin America Taps Ribeiro and Nunes from Carpenter, Aon Benfield
- Corporations Have ‘Alarmingly High’ Failure Rate with Their Cyber Defenses: Accenture
- Aspen Insurance Acquires Puerto Rico Marine MGA, Blue Waters Insurers
- China’s Controversial Cyber Security Law Progresses Despite Foreign Protests
- Alibaba’s Finance Unit, Ant, to Focus on Asia Expansion – Before Going Global
- Markel Buys Galleon Marine Insurance Agency, London-based MGA
- XL Catlin Launches Consumer Products Recall Solution in UK
- UK to Boost Cyber Security Defenses with £1.9B Investment
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