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...
People Moves: Swiss Re Taps AGCS’s Shahkarami as Head P&C Solutions; BMS Re Hires 3 for Fac Team; QBE Canada Hires Liberty Mutual’s Mason as U/W Mgr, Property July 7, 2023 This edition of International People Moves details appointments at Swiss Re, BMS Re, and QBE Canada. A summary of these...
Insurers Look to Loosen UN Climate Alliance Rules After Member Exodus: Sources July 5, 2023 By Tommy Wilkes The remaining insurers in a United Nations-backed coalition aimed at tackling climate change are poised to loosen the alliance’s membership...
Climate Change Leads to ‘Arctic Opening,’ Creating Key Emerging Risk: Swiss Re June 28, 2023 By L.S. Howard Climate change is the cause of a key emerging risk identified by Swiss Re’s SONAR report, which is leading to...
How the Insurance Universe Deals With Evolving Risks and Dispositions June 27, 2023 Insurers have come a long way on climate change, but they have a long way to get where we need...