Swiss Re
-
The first-of-its-kind deal blends bank financing with ILS funding. -
David Presley joins Compre while the legacy carrier is targeting expansion in the US.
-
The broker said there was still a “big unknown” around the potential global economic impact of the conflict.
-
Swiss Re’s recent underwriting actions, model updates and risk repricing have prepared it to take on more secondary perils, according to its top team.
-
Continuing a trend of several years, secondary perils caused most insured losses at $81bn, or 73% of the total.
-
Katie McGrath replaces Ivan Gonzalez who has been appointed CEO reinsurance China and China country president.
-
Basil Louvrais and Avni Scerbo will set up the North America trade finance team.
-
The Hartford’s customers will have access to Swiss Re’s globally standardised property wordings and online platform.
-
The Buenos Aires, Argentina-based InsurTech will use the fresh funds to finance growth initiatives across the continent.
-
The transaction will expand the carrier’s reach in the US A&H market.
-
The Mayfield Consumer Products candle factory is one of the two most high profile large individual risk losses from the quad state tornado to date.
-
Hurricane Ida was the main loss-making event, but once again secondary perils generated more than half of global losses, according to the latest Sigma report.
