International & Reinsurance News

Arthur J. Gallagher & Co. Acquires Canadian Consultant Horn

Arthur J. Gallagher & Co. announced the acquisition of Toronto, Ontario-based A.H. Horn and Associates Ltd. (which does business as Horn). Terms of the transaction were not disclosed. Horn provides sales and leadership development programs and consulting services across a …

Japan Faces Another Typhoon With Trains, Hundreds of Flights Canceled

Japan is preparing for its second typhoon in a week, with airline companies canceling flights and rail operators halting some operations. Typhoon Lan is forecast to make landfall Tuesday in central Japan near Osaka, the country’s second largest metropolitan area, …

Shippers Warned to Stay Away From Iranian Waters as US-Iran Tensions Run High

Western-backed maritime forces in the Middle East on Saturday warned shippers traveling through the strategic Strait of Hormuz to stay as far away from Iranian territorial waters as possible to avoid being seized, a stark advisory amid heightened tensions between …

Australia’s Climate Risks Are Making Home Insurance Unaffordable

Australian home insurance premiums jumped the most in two decades in the past year, driven by weather catastrophes and higher building costs, new research showed. Median home insurance premiums surged 28% to A$1,894 ($1,240) in the year to March 31, …

Ukraine Starts Registering Ships for Black Sea Corridor: Agency

Ukraine, which is seeking to form safe shipping routes in the Black Sea, has started registering ships willing to use the corridor it announced earlier this week, a local news agency said on Saturday [Aug. 12]. Ukraine on Thursday announced …

Russian Warship Fires Warning Shots at Cargo Ship in Black Sea

A Russian warship on Sunday fired warning shots at a cargo ship in the southwestern Black Sea as it made its way northwards, the first time Russia has fired on merchant shipping beyond Ukraine since exiting a landmark UN-brokered grain …

People Moves: WTW Hires Bryce From Magnes for Personal Lines, Canada; Markel Taps PwC’s Feng as Warranty & Indemnity U/W; RSA Names Godfrey as Transformation Dir.

This edition of International People Moves details appointments at WTW, Markel and RSA Insurance. A summary of these new hires follows here. WTW Hires Bryce for Personal Lines, Canada Insurance broker WTW announced the appointment of Allison Bryce as the …

Antarctica Risks ‘Cascades of Extreme Events’ as Earth Warms: Study

Extreme weather in Antarctica, including ocean heat waves and ice loss, is set to become more intense unless urgent policy action reduces the burning of fossil fuels, a new study has found — the latest to sound the alarm on …

Growing ‘Greenlash’ Fuels Fears for Europe’s Environmental Ambitions

A growing ‘greenlash’ against Europe’s environmental agenda has not so far derailed its decarbonization plans, but looming elections could put future climate and nature measures at risk. The European Union (EU) has burnished its role as a leader on climate …

Update: Train Derails in Swiss Gotthard Tunnel, Halting Key Freight Route

A freight train derailed in the Gotthard tunnel in Switzerland, blocking passage through a key route linking Northern and Southern Europe. The tunnel will remain closed until at least Aug. 16 at midnight, the country’s federal rail operator SBB said …

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