Ermotti Steps Down as Swiss Re Chair on April 30 When de Vaucleroy Takes Interim Role April 27, 2023 Swiss Re announced that Sergio P. Ermotti is stepping down as chairman of the Board of Directors on April 30,...
People Moves: Everest Names Mulray President of North America Insurance; Swiss Re Names Aon’s Quiroga Arias as Head Risk Consulting & Analytics April 18, 2023 Everest Names Mulray President of North America Insurance Everest Re Group Ltd., the Bermuda-based property/casualty, and specialty re/insurer, announced the...
People Moves: Strong Named N2G CEO; Butera to Head Swiss Re FinPro Lines, Casualty North America; Ascot Hires Totolos as Captive Solutions Leader April 12, 2023 By Jahna Jacobson Strong Named New N2G CEO N2G Worldwide Insurance Services, LLC has named Kevin M. Strong its new chief executive officer....
Swiss Re Faces $6.3M Claim Over Sex Discrimination, Unfair Dismissal March 30, 2023 By Kirstin Ridley A former Swiss Re underwriter, who last year won a sex and maternity discrimination and unfair dismissal case, is seeking...
Ermotti to Step Down as Swiss Re Chair to Take UBS Role; Interim Chair Named March 29, 2023 Sergio P. Ermotti is stepping down as the chairman of Swiss Re, following his appointment as the new CEO of...
High Inflation Hiked P/C Claims Costs Up to 7.5% in 2022 March 24, 2023 By L.S. Howard High inflation alone led to an increase in property/casualty claims of 5-7.5%, across five key markets in 2022, according to...
Natural Catastrophes Cost Insurers $125 Billion in 2022: Swiss Re March 22, 2023 By L.S. Howard Natural disasters in 2022 brought global economic losses of US$275 billion, of which insurance covered 45%, or US$125 billion, according...
Swiss Re Closes $700M Alternative Capital Deal, Enabling Growth in Favorable Market March 7, 2023 Swiss Re has closed a US$700 million multi-year stop-loss transaction with funding led by J.P. Morgan. The financing builds upon...
Cyber Insurance Market Back From Brink After Onslaught of Ransomware Attacks February 27, 2023 By Max Reyes The cyber-insurance market, battered by a rash of pandemic-era ransomware attacks, is making a comeback. Price hikes are moderating, new...
People Moves: AXIS Appoints Galanski Head of N.A. P/C Programs; Ningen Named Swiss Re CEO of U.S. P/C February 22, 2023 AXIS Appoints Galanski as Head of North America Property & Casualty Programs Gabriel Galanski has joined AXIS Capital Holdings Limited...