Munich Re and Swiss Re Both Top List of 2023’s Largest Reinsurers August 30, 2024 By L.S. Howard Munich Re tops the list of the world’s 50 largest reinsurers that use IFRS 17 reporting standards, while Swiss Re...
Swiss Re First-Half Profit Beats Estimates on Lower Catastrophe Claims August 22, 2024 By Myriam Balezou Swiss Re AG’s first-half net income beat estimates, as the re-insurer avoided higher claims from natural catastrophes that have impacted...
Catastrophe Bond Issuance Is Set to Blast Through 2023 Record August 15, 2024 By Gautam Naik Issuance of catastrophe bonds is on track to exceed the record set in 2023, as a cocktail of climate change,...
Severe Storms (Mostly in US) Account for 70% of Global Insured Natural Disaster Losses August 8, 2024 By L.S. Howard Global insured losses from natural catastrophes totaled US$60 billion during the first half of 2024, or 62% above the 10-year...
People Moves: Malmström Named Swiss Re’s Group CFO as Dacey Retires; MNK Re Appoints Industry Veteran Ashby as Global Chief Commercial Officer July 31, 2024 This edition of International People Moves details appointments at Swiss Re and MNK Re. A summary of these new hires...
Hard Market Conditions Expected to Ease in 2025 as Claims Inflation Softens: Swiss Re July 18, 2024 By L.S. Howard Hard market conditions in the global non-life insurance sector will continue this year, but will begin to ease in 2025,...
Parametric Insurance Helps Farmers and Others Hit Hard by Extreme Weather July 15, 2024 By Bill Spindle, Cipher News Joemar Flores, a spindly 28-year-old, gestured across his family’s farmland, nestled between a steep hill and a river, and expressed...
US Home Insurance Still Priced Too Low for Climate Risk, Says Swiss Re Chair July 1, 2024 By Leslie Kaufman This has been a year of insurance sticker shock in the US. But the man who provides insurance to insurers...
People Moves: Canopius Taps AXA XL’s Houghton as Product Leader, Specialty; Swiss Re Promotes Camara to Head of P/C Re in Northern, Central, Eastern Europe June 19, 2024 This edition of International People Moves details appointments at Canopius and Swiss Re. A summary of these new hires follows...
Where the AI Risks Are: Swiss Re’s Top 10 Ranking by Industry May 29, 2024 By Susanne Sclafane The insurance industry came in sixth in a ranking of 10 major industries based on current AI risk, and seventh...