Swiss Re
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The decision impacts 5% of the reinsurer’s North America P&C facultative premiums. -
Juries don’t significantly differentiate in cases involving severe injury.
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The Berkshire subsidiary is seeking coverage for a $22mn antitrust loss.
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Litigation funders are promoting “aggressive” tactics in the UK, Holland and Israel.
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Growth in the SME sector could help stabilize the market, however.
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The CEO said the carrier will prioritise margin over top-line growth.
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The tech could quickly open the door to disruptors, and firms with poor data management will lose out.
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The 127-acre corporate campus has been the reinsurer’s North America headquarters since 1999.
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California wildfires account for $40bn of the insured loss tally in H1.
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Laure Forgeron has worked at the Swiss carrier since 2009 in numerous senior positions.
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Rate gains are easing across many commercial and personal lines.
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The reinsurer said US president Donald Trump’s policy was already impacting investment.
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Separately, Caribbean market head Janine Seifert is leaving the reinsurer for BMS Re.
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The once niche product is generating interest in a growing number of industries and sectors.
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The reinsurer’s CFO cited a 1.5% net price reduction year to date.
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Growing economic and population exposures are driving potentially larger insured losses.
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The carrier forecasts stable profits, but tariffs are creating “high uncertainty”.
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The tariffs could expose insurers to the risk of recession and shrinking income.
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This follows the firm’s exit from primary aviation.
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Katie McGrath is appointed CorSo CUO amid a restructure of the unit.
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The executive has been with the firm for 27 years.
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It estimated insured losses from nat cats on track to exceed $135bn in 2024.
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This year’s top-line growth will be a decade high.
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The market grew at a rate of 32% annually from 2017 to 2022.
