Swiss Re
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The Floridian has also incurred $23mn of net catastrophe losses in Q4 before tax.
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Maya Bundt says insurers can do more to advise insureds to treat cyber like they would ESG concerns. -
Natural catastrophe losses were up 40% year-on-year to $76bn, 7% above the 10-year average.
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The executive will run the North America engineering and construction team after almost a decade with CorSo.
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The new arrival at the M&A insurance specialist follows the departure of paper provider AGCS earlier this year.
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China is expected to lead the upswing in business, with non-life premium growth of 10%.
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Staggering changes in the casualty insurance market are feeding through to reinsurers, according to US P&C president Keith Wolfe.
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New York-based Laura Coppola becomes global head of the line of business.
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To what extent reinsurers will pick up a share of BI exposures is a thorny question.
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The “conservative” figure includes $1.2bn of new engineering cover as facilities are built as well as $9bn of commercial insurance for when they are up and running.
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The market value for grounded planes in the US is around $70bn, presenting increased natural catastrophe risk.
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Axis Capital and Argo Group shares jumped nearly 5%, while shares in Arch, Travelers and Alleghany were all up more than 3%.
