International & Reinsurance News for June 2015
- Germanwings Offers Emotional Damage Payments to Crash Victims’ Families
- Swett & Crawford Brasil Expands with Purchase of Shares in Local Broker
- Two Uber Executives Detained by French Police Pending Investigation
- Willis Group, Towers Watson Agree to Merger
- Fairfax’s Potential Hit from Greek Exposure to be Limited – RBC Report
- Berkshire Hathaway Specialty Expands in Australia, New Zealand
- China Seeking “Win-Win” Climate Plan; Poised for Pledge
- AeroMexico Dreamliner Makes Emergency Landing in Ireland
- Steve Hearn to Leave Willis for CEO Role at Cooper Gay Swett & Crawford
- Towergate Insurance Reports Q1 Net Income of $134 Million; Down 8%
- Allied World Top Backer of Puerto Rico Municipal Bond
- Global Insurance Regulators Postpone Tougher Capital Standards
- Towergate Hires Deakin as Retail Broking Director; Dalgarno as Chief Risk Officer
- Reinsurance Market’s Evolution Could Affect Its Stability: ‘Acts of God’ Author
- EU Capital Markets Plan Must Improve Investor Protections: UK Regulator
- DUAL Australia Launches Suite of Marine Products with New Team
- Hiscox Strengthens UK Motor Offering with Purchase of RH Specialist Insurance
- Models for Explosions from Terrorist Attacks Could Reduce the Carnage
- Willis Appoints Weaver CEO Singapore, SE Asia; Hooker for Natural Resources
- ACE Report Cautions Multinationals About Rising Professional Indemnity Risks
- Dubai-Based Chedid Re Announces Registration as Lloyd’s Broker
- Allied World Asia-Pacific Launches Regional Brand Campaign
- Howden & Insurisx Launch Technology Platform to Help Prevent Cyber Attacks
- Blenkinsopp Named XL Catlin’s Chief Underwriting Officer, Political Risk Team
- RMS Names Sharma Senior Vice President of Cloud Operations and IT
- ‘Seismicity’ – Re/Insurers Ponder the Impact of Human-Caused Earthquakes
- Advanced Markets Drive 3.7% Global Premium Growth in 2014: Swiss Re
- ThoughtWorks Provides New Thinking for Insurers’ Software Needs
- Newbridge Writes Political Violence, Terrorism Risks via Castel MGA Platform
- ACE Appoints New Country President for Vietnam
- Flitcroft Named Managing Director of Gen Re Australia, Regional Treaty Manager
- Low Interest Rates Challenge European Insurers: A.M. Best Report
- Cat Modeling in a New, More Open Phase: Aon Benfield/Impact Forecasting
- ACE Names Skoro as Head of Distribution, Sub-Saharan Africa
- Canada Lays New Charges Against Railway in Lac-Megantic Derailment
- RSA’s Former Irish Boss Wins $1.4M on ‘Sledgehammer’ Ouster: Tribunal
- Aon Benfield Analytics Releases Lloyd’s Update; 2014 Performance Examined
- CNA Hardy Appoints Clements as Distribution Director, Europe
- Amlin Appoints Few as Global Managing Director of Reinsurance
- Insurers, Bankers Can’t Be Scared Into Doing Right Thing: PwC Survey
- Zurich Australia Appoints Seales as COO, General Insurance
- China’s Fosun International to Acquire Phoenix Holdings From Israel’s Delek
- World Cup Insurers Face Many Claims, Disputes Over Russia, Qatar
- Brokenshire Appointed Global Chief Operating Officer of JLT Re
- Hiscox Appoints Worth as Interim CFO
- Alibaba-Backed Insurer Raises $934M From Investors Including Morgan Stanley
- International General Insurance Appoints Curtis as CFO in UK
- AXIS Capital Not Engaged in Buyout Talks with Arch – Sources
- Hijacked Orkim Harmony Oil Tanker Released by Pirates Who Escape
- QBE Europe to Grow Middle East Casualty Business; Parfitt Appointed
- Swiss Re to Expand Infrastructure Investments: Chief Investment Officer
- UK SMEs Fail to Outsource Non-Core Business Activities: Broker Survey
- Allianz to Boost Clean-Energy Investments; Eyes U.S. Wind Market
- ACE Creates Asia-Pacific Unit to Service Captives, Complex Multinationals
- Update: Malaysian Navy Makes Contact With Pirates on Hijacked Oil Tanker
- Court Delays Ruling on 2013 Quebec Oil Train Crash Settlement
- Malaysia Islamic Insurers Seek to Double Policyholders by Going Digital
- Strong Capacity Drives Buyer’s Market in Political Risk Insurance: Marsh
- UK Insurance Software Provider Innovation Group Wins Major Contract
- Mobile App Data Flaw Leaves ‘Billions’ of Records at Risk: Security Researchers
- AXIS Share Price Climbs on Speculation It Is Potential Takeover Target
- A.M. Best: European Insurers Tap Capital Markets Ahead of Solvency II
- Financial Repression’s Unintended Consequences: Swiss Re Market Consensus
- Marsh: Many Firms Fail to Assess Cyber Threats From Business Partners
- Wyatt Appointed Development Director for RSA’s Global Specialty Lines
- Lloyd’s Report Highlights Vulnerability of Global Food System
- Berkshire Hathaway to Buy Stake in IAG to Boost Australia Insurance Sales
- CEO Esser Exits Cooper Gay Swett & Crawford Group
- Smith to Head Ironshore’s New Chinese Investment in U.S. Practice Group
- Barbican Underwriter Elected Chair of Lloyd’s Market Association Cyber Group
- Thomas Joins Board of Miller Insurance Services
- Many UK Businesses Do Not Take Risk Culture Seriously: QBE Europe Survey
- Great American Receives Approval for Singapore Office
- UK’s Allianz Commercial Promotes Higham to Property Account Manager
- Execs Worry More About Tech Costs Than Regulation, Cyber Attacks: Willis
- Directors & Officers Could Be Liable for Cyber Attacks: Marsh
- Stephen Catlin Addresses MMC Young Professionals Global Forum 2015
- Families of Germanwings Crash Victims Meet Investigators
- Insurance Industry Charitable Foundation Launches London Division
- HSB Engineering Insurance Appoints Wright as Chief Operating Officer
- Croom-Johnson Named MD of AEGIS London; 4 Senior Execs Promoted
- Shell: Insurers May Be Reluctant to Underwrite Carbon Capture Projects
- Willis Taiwan Acquires Specialist Broker Elite Risk Services in Expansion Move
- Third Point Re CEO: Reinsurance Not as Easy to Enter as Some People Think
- Gerhardt Appointed to Tokio Millennium Re Board
- Reyes, Angehrn in New Posts on Zurich’s Group Executive Committee
- Guy Carpenter Names Summers as Head of International Facultative Re
- Yangtze Ship Disaster Insurance Payout Estimated at $14.9 Million
- Aspen Re Appoints De Couto as Head of Portfolio Analytics
- Munich Re Confirms Riess as Future ERGO Chairman, Board Member
- Cyber Security – ‘a Fast Growing Emerging Risk’ for Companies – S&P Reports
- Allianz to Shrink German Branch Network; Hit by Low Interest Rates
- Airlines Debate How to Assess Pilots’ Mental Health after Germanwings Crash
- Kroll Appoints Simmonds as Senior Consultant in Africa Practice
- Gen Re: Toffanello Named CEO of Faraday When Ceurvorst Retires in 2016
- XL Catlin Launches 24/7 Product Recall Crisis Network in Asia
- Israel’s Illusive Networks Aims to Foil Hackers by Directing Them to Fake Data
- HSBC to Cut Up to 50,000 Jobs; Targets Growth of Asia Insurance Business
- BHSI Launches Liability Policy for Canadian Pension & Benefit Sponsors
- RSA Promotes Tiffany to Head of UK Legacy, Commercial Claims Team
- JLT Re Appoints Walters to Support International Growth, Client Development
- G-7 Pushes for Zero Greenhouse Gas Emissions by End of This Century
- ACE Names Khoshabi as Managing Director, MENA; Dixon Named Special Adviser
- Update: Bermuda Court Rules in Favor of PartnerRe; EXOR Responds
- Lloyd’s Specialist Insurer Marketform Promotes Two Underwriters
- Allianz Engineering in UK Appoints Kelly as Senior Technical Manager
- Ariel Re to Use Xuber Software for Lloyd’s and Bermuda Reinsurance
- Polish State-Controlled Insurer PZU Expands Bank Asset Buying
- UPDATE: Hurricane Blanca Remains on Course for Baja California
- Arthur J. Gallagher Completes Leadership Team with 4 Executive Appointments
- UK’s Allianz Insurance Aims to Improve Fleet Safety With Telematics Partnership
- ACE Promotes 4 in Global Marine Team, Including Williamson as EVP
- Investors Must Factor Climate Change in Their Portfolio Risk: Mercer Study
- Twelve Capital Hires 3 Insurance Specialists for London Office
- NOAA Research Warns Global Warming Continues Unabated
- UPDATE: Hurricane Blanca Weakens off Mexico Coast; Bound for Baja Resorts
- May U.S. Storm, Tornado Claims over $1Bn: Aon Benfield/Impact Forecasting
- EXOR Files Suit to Get PartnerRe’s Shareholder List; Takeover Battle Heats Up
- UPDATE: Owner of Capsized China Ship Told to Dock Second Vessel, Inspect Fleet
- International General Insurance Hires 3 Underwriters for London Office
- Hurricane Blanca Grows off Mexico Coast; Headed for Tip of Baja
- Dircks Named Senior Vice President for Lockton Global Energy in Bermuda
- Ironshore Names Owen as Senior Vice President of Global Property Energy
- ‘Brexit’ a Major Political Risk for UK Insurers: ABI Chief Exec
- RSA Appoints Gray as Marine Sales & Broker Manager, London Market, Europe
- Australia’s April-May Storm Loss Claims Reach US$1.208 Billion
- Chinese Insurers Send Claims Teams to Site of Yangtze Ship Disaster
- Brazil Weighs Sale of Some of Its Stake in IRB in $1.3B Reinsurer IPO: Sources
- Swiss Re Targets Nigerian Acquisition, Seeking to Tap African Growth Rates
- Mobile Tech Provider Slipcase Gets $1.52 Million for Development
- Drone Industry Development Backed by Plentiful Insurance Capacity: Marsh Report
- Shareholders to Vote on Proposed Merger of AXIS Capital, PartnerRe on July 24
- Marsh to Acquire UK-Based Broker, SME Insurance Services
- India’s GIC Re Posts $455 Million Profit for Fiscal 2014-15
- A.M. Best: London Market Insurers Face Challenges; Balance Sheets Strong
- Renewed Safety Concerns as Chinese River Ferry Capsizes with 400 People Aboard
- Willis Completes 85% Stake Buy in UK Wholesale Broker Miller
- Insurer PZU Seeks to Create Top Polish Bank after $431 Million Deal
- China Broker Says Clients Can No Longer Borrow to Buy Ping An Shares
- RSA Names Daals as Group Chief Auditor
- Best’s Special Report Sees Continuing Reinsurance Industry Challenges
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