Swiss Re is quitting the world’s main climate alliance for insurers, joining a growing exodus from the coalition of some of the industry’s biggest companies. The world’s second-largest reinsurer is now the fourth major company to walk away from the …
While the January reinsurance renewals proved to be the toughest and most gruelling for decades, the April 1 renewals, driven by the Japanese P/C market, were a much calmer affair, according to Swiss Re. “Overall, client and reinsurer expectations were …
Insurers are being forced to rethink their approach to climate change as they assess the risk of being sued for antitrust violations. Munich Re, the world’s biggest reinsurer, recently backed out of the Net Zero Insurance Alliance citing what it …
Swiss Re swung back to a first quarter profit, reporting net income of $643 million, compared with a loss of $248 million for the prior-year period. “Profitability improved in all our main businesses, supported by adequate pricing, higher investment results, …
Swiss Re Reinsurance Solutions has formed a strategic partnership with Benekiva to offer an end-to-end digital claims management solution. The solution combines Benekiva’s state-of-the-art claims administration system with Swiss Re’s Claims Automated Rules Engine and risk management expertise. The partnership …
Swiss Re announced that Sergio P. Ermotti is stepping down as chairman of the Board of Directors on April 30, 2023, after completing the agreed handover period, to fully focus on his new role at UBS, which was announced in …
Everest Names Mulray President of North America Insurance Everest Re Group Ltd., the Bermuda-based property/casualty, and specialty re/insurer, announced the appointment of Mike Mulray as executive vice president and president of North America Insurance, effective immediately. Mulray most recently served …
Strong Named New N2G CEO N2G Worldwide Insurance Services, LLC has named Kevin M. Strong its new chief executive officer. Strong replaces retiring N2G CEO Bill Skapof, who has led the company since 2020. Strong has more than 20 years …
A former Swiss Re underwriter, who last year won a sex and maternity discrimination and unfair dismissal case, is seeking 5.1 million pounds ($6.3 million) in compensation and told a London court she wants to retrain as a Baptist pastor. …
Sergio P. Ermotti is stepping down as the chairman of Swiss Re, following his appointment as the new CEO of UBS. Swiss Re’s Board of Directors will immediately start the search to find a successor. In the interim, board member …
