New Study Says Autonomous Vehicles Significantly Reduce BI/PD Claims September 7, 2023 A new study has revealed that autonomous-vehicle technology reduced bodily injury claims frequency by 100% and property damage claims frequency...
Swiss Re Ordered to Pay Former Underwriter $1.6M for Sexism, Unfair Dismissal August 25, 2023 A former Swiss Re underwriter has been awarded nearly 1.3 million pounds ($1.6 million) by a London employment tribunal for...
Munich Re Again Tops List of 50 Largest Reinsurers With Swiss Re at No. 2: AM Best August 23, 2023 By L.S. Howard Munich Re holds onto the top spot in AM Best’s annual ranking of the top 50 global reinsurance groups for...
Insured Losses From Natural Catastrophes Set to Top $100 Billion for 3rd Year in a Row August 22, 2023 By Tom Metcalf and Marion Halftermeyer Claims for weather-related incidents are set to exceed $100 billion for the third year in a row, as floods, hail...
S&P Revises Outlooks for Munich Re, Swiss Re While Affirming AA- Ratings August 18, 2023 S&P Global Ratings has revised its outlooks for Munich Re and Swiss Re, affirming both reinsurers’ “AA-” issuer credit and...
Severe Convective Storms Top Insured Natural Disaster Losses in H1: Swiss Re August 9, 2023 By L.S. Howard Global natural catastrophes cost insurers US$50 billion in the first half, (H1 2022: $48 billion), with most of the losses...
Swiss Re H1 Net Income Surges to $1.4B on Lower Natural Catastrophe Losses August 4, 2023 By Marion Halftermeyer Swiss Re AG said first-half net income rose more than ninefold to $1.4 billion from a year earlier, driven by...
Reinsurance Execs From Convex, Swiss Re Set Pacific Record in World’s Toughest Row July 24, 2023 By L.S. Howard Reinsurance executives from Convex Group Ltd. and Swiss Re completed The World’s Toughest Row, a race from California to Hawaii,...
Higher Reserving Uncertainties Could Sustain Hard Market Conditions: Report July 17, 2023 By L.S. Howard Systemic shocks related to the recent pandemic, the war in Ukraine, natural catastrophe losses and elevated inflation have raised questions...
Swiss Re Nominates New Permanent Chairman to Succeed Ermotti July 12, 2023 The insurer Swiss Re said on Wednesday that it planned to promote its deputy chairman Jacques de Vaucleroy to the...